Page 26 - Corporate Earnings

Evaluating corporate results: Don't confuse sales data with consumer trends

Evaluating corporate results through the lens of factors affecting consumer demand makes more sense than the reverse

CAMS Q2 results: Net profit rises 45% to Rs 122 cr, revenue up 33%

CAMS, which acts as a registrar and transfer agent for mutual funds, on Monday reported a 45 per cent rise in profit after tax to Rs 122.5 crore for the three months ended September 2024. It had a profit after tax (PAT) of Rs 84.51 crore in the same quarter of the preceding fiscal. The company's revenues from operations rose 33 per cent to Rs 365.17 in the July-September quarter of the current financial year (FY25) from Rs 275 crore in the year-ago period, the company said in a statement. "Our overall assets under service touched a lifetime high of Rs 45 lakh crore, with the quarter recording the highest ever asset accretion. Strong retail participation in equity assets via SIPs and NFOs catapulted our equity net-sales to touch nearly Rs 1 lakh crore during the second quarter and record a staggering 59 per cent y-o-y growth in equity asset base," the company's CEO Anuj Kumar said. For the first half of FY25, CAMS reported consolidated revenue of Rs 696.57 crore, a 30 per cent ...

Arvind Fashions Q2 results: Net profit rises 36% to Rs 30 cr on high demand

The company, which retails clothing from international brands such as Arrow, Calvin Klein and Tommy Hilfiger, said its profit after tax rose to 300 million rupees for quarter ended Sept. 30

Kalpataru Projects Int'l Q2 results: Net profit grows 40% to Rs 125.5 crore

Kalpataru Projects International Ltd (KPIL) on Monday reported about 40 per cent rise in consolidated net profit to Rs 125.56 crore in the September quarter aided by higher income. It had posted a net profit of Rs 89.89 crore in the July-September period of the preceding 2023-24 fiscal year, the company said in an exchange filing. Its total income rose to Rs 4,946.98 crore from Rs 4,530.49 crore in the year-ago period. The company's expenses were at Rs 4,758.96 crore as against Rs 4,398.06 in the same quarter of the previous fiscal year. During the quarter, the company signed binding agreements for the sale of Vindhyachal Expressway for enterprise value of Rs 775 crore. The deal is expected to close in FY26, subject to requisite approvals and closing adjustments. In the April-September period, the company posted a net profit of Rs 249 crore compared to Rs 239 crore in the year-ago period. The company's net debt stood at Rs 2,793 crore at the end of the second quarter. In a state

JSW Infra Q2 results: Net profit up 46% at Rs 372 cr on strong cargo growth

The company, India's second-biggest private port operator, reported consolidated net profit of 3.72 billion rupees ($44.3 million) in second quarter ended Sept. 30, up by 46% on-year

Shakti Pumps Q2 results: Net profit increases multi-fold to Rs 101 crore

Shakti Pumps (India) Ltd (SPIL) has reported a multifold jump in consolidated profit after tax in the quarter ended September to Rs 101.4 crore, on account of a surge in revenues. It had posted Rs 6 crore profit after tax (PAT) in the July-September quarter of the preceding 2023-24 fiscal, the company said in statement issued on Monday. During the second quarter, the company's revenue from operations also rose four-fold to Rs 634.6 crore, from Rs 152.8 crore a year ago. In April-September, the PAT was at Rs 194.1 crore, up from Rs 6.9 crore in the first half of the last financial year. While revenues rose to Rs 1,202.2 crore in the first half from Rs 265.8 crore in the six month period of FY24. The company had an outstanding order book of around Rs 1,800 crore as on September 30, 2024. "We announce another exceptional quarter for our company, showcasing significant revenue expansion and a marked increase in profitability. "These achievements are a direct result of faster executi

Adani Power Q2 results: Net profit declines 50% to Rs 3,297.52 crore

Adani Power on Monday reported a 50 per cent decline in its consolidated net profit to Rs 3,297.52 crore in the September quarter compared to a year ago, mainly due to lower income as well as higher taxes. The company had posted a consolidated net profit of Rs 6,594.17 crore in the quarter ended September 2023, a BSE filing stated. The company explained that there were lower one-time revenue recognition of prior period items of Rs 1,020 crore in the first half of FY25 (April-September 2024) as compared to Rs 9,278 crore in H1 FY24, following the resolution of all major regulatory matters and realisation of outstanding dues from discoms (power distribution companies) in the previous year. It also stated that the one-time prior period revenue recognition in Q2 FY25 (July-September 2024) was Rs 598 crore, as compared to Rs 2,781 crore in Q2 FY24. The company had higher tax expenses, including deferred tax charge totalling to Rs 1,829 crore in H1 FY25, whereas H1 FY24 had recognition o

Ajmera Realty Q2 results: Net profit increases 57% to Rs 35.35 crore

Ajmera Realty & Infra India Limited on Monday reported a 57 per cent increase in its consolidated net profit to Rs 35.35 crore in the September quarter. Its net profit stood at Rs 22.53 crore in the year-ago period. Total income rose to Rs 204.12 crore in the second quarter of the current fiscal from Rs 147.59 crore in the corresponding period a year ago, according to a regulatory filing. The company has raised Rs 225 crore from investors on preferential allotment basis. Mumbai-based Ajmera Realty & Infra India is one of the leading real estate firms in the country.

Mahindra Lifespace Q2 results: Net loss at Rs 14 cr on lower income

Realty firm Mahindra Lifespace Developers Limited has posted a consolidated net loss of Rs 14.01 crore for the second quarter of this fiscal on lower income. The company had posted a net loss of Rs 18.93 crore in the year-ago period. Its total income declined to Rs 16.96 crore during the July-September quarter from Rs 26.70 crore in the year-ago period, according to a regulatory filing on Friday. During the April-September period of this fiscal, Mahindra Lifespace posted a net loss of Rs 1.27 crore against a net loss of Rs 23.20 crore in the year-ago period. The total income grew to Rs 222.66 crore in the first six months of this fiscal from Rs 136.76 crore in the same period of the preceding year. In 2023-24, Mahindra Lifespace reported a net profit of Rs 98.30 crore on a total income of Rs 279.12 crore. Mahindra Lifespace, a real estate arm of Mahindra Group, is one of the leading real estate developers in the country.

Coal India Q2FY25 results: Net profit declines 22% to Rs 6,275 crore

The consolidated sales of the company during the second quarter declined to Rs 27,271.30 crore, over Rs 29,978.01 crore in the year-ago period

IDBI Bank Q2 FY25 results: Net profit rises 39% to Rs 1,836 crore

Net interest income expanded 26% Y-o-Y to Rs 3,875 crore in Q2FY25 compared to a year-ago period

JSW Steel Q2FY25 results: Net profit slumps 84% on lower sales realisation

Sequentially, profit down by 48% and revenue by 7.6%

Zee Media Corp Q2 results: Net loss widens to Rs 49.86 cr, revenue down 13%

Private news broadcaster Zee Media on Friday said its consolidated net loss widened to Rs 49.86 crore for the second quarter ended September 2024. The company had posted a net loss of Rs 30.70 crore during the July-September quarter of the previous fiscal, according to a regulatory filing from Zee Media Corporation Ltd (ZMCL). Its revenue from operations fell 13.78 per cent to Rs 130.70 crore during the quarter under review. It was Rs 151.59 crore in the corresponding period of the previous fiscal. ZMCL's total expenses were Rs 199.65 crore, up 1.64 per cent, in the September quarter. The total income of Zee Media, which includes other income, also declined 13.43 per cent to Rs 133.12 crore. Its advertising revenue slipped 16.3 per cent to Rs 119.22 crore, while subscription revenue rose 26.7 per cent to Rs 11.43 crore in the September quarter. ZMCL is one of the leading news networks in India. Formerly known as Zee News Ltd, it operates about 20 TV news channels. Shares of Zee

Orient Electric Q2 results: Net profit rises 43.4% to Rs 10.4 crore

Orient Electric Ltd on Friday reported a 43.41 per cent decline in its net profit to Rs 10.44 crore for the second quarter ended September 2024. It had posted a net profit of Rs 18.45 crore in the July-September quarter a year ago, according to a regulatory filing from the CK Birla group firm. However, its revenue from operations increased 16.44 per cent to Rs 660.15 crore during the period under review. It was Rs 566.9 crore in the corresponding period of the last fiscal. The revenue growth was driven by "...encouraging performance in the lighting, appliances and Fans segments on the back of digital thrust, festival lifting and higher realisations". Its total expenses were Rs 650.11 crore, up 14.94 per cent, in the September quarter. Orient Electric's total income, which includes other income, stood at Rs 664.34 crore, up 16.5 per cent. Shares of Orient Electric Ltd on Friday settled at Rs 210.30 apiece on BSE, down 1.61 per cent from the previous close.

IndiGrid Q2 results: Net profit increses nearly 154% to Rs 98 crore

Infrastructure investment trust India Grid Trust on Friday posted a 154 per cent jump in its consolidated net profit to Rs 98.73 crore for the September 2024 quarter on the back of higher revenues. Its consolidated net profit was Rs 38.89 crore in the year-ago quarter, a BSE filing showed. The total income rose to Rs 839.75 crore in the quarter from Rs 720.18 crore a year ago. The Board of Directors (Board) of IndiGrid Investment Managers Ltd (IIML) acting in the capacity of the investment manager to India Grid Trust (IndiGrid) also approved the declaration of Q2 FY25 distribution of Rs 3.75 per unit, comprising Rs 3.61763 per unit in the form of interest, Rs 0.11357 per unit in the form of dividend and Rs 0.01880 in the form of other income. The record date for this distribution will be October 30, 2024, and the payment will be made on or before November 9, 2024. The board has also approved the name change of India Grid Trust to 'IndiGrid Infrastructure Trust', along with ...

NLC India Q2 results: PAT declines 9.5% to Rs 982 cr on higher expenses

State-owned NLC India Ltd on Friday reported a 9.5 per cent decline in consolidated profit at Rs 982.41 crore for the quarter ended September 30, 2024. The company had posted a consolidated profit of Rs 1,085.93 crore in the year-ago period, NLC India Ltd said in a regulatory filing. However, the revenue from operations in the July-September quarter increased to Rs 3,657.27 crore, over Rs 2,977.53 crore in the year-ago period. NLC India is a navratna company under the Ministry of Coal. Its core business is mining and power generation.

Eris Lifesciences Q2 results: Net profit declines 20% to Rs 97 crore

Eris Lifesciences on Friday said its consolidated profit after tax declined 20 per cent year-on-year to Rs 97 crore in the September quarter. The drug firm had reported a Profit After Tax (PAT) of Rs 122 crore in the July-September period of last fiscal. Revenue increased to Rs 741 crore in the second quarter compared to Rs 505 crore in the year-ago period, the company said in a statement. "The acquired businesses of Biocon and Swiss Parenterals have been integrated and are scaling up in line with our expectations," Eris Lifesciences Chairman and Managing Director Amit Bakshi said. The company is on track to achieve revenue guidance of Rs 2,600 crore in domestic formulations and Rs 3,000 crore on a consolidated basis, he added. "We continue building up our capabilities in the biologics segment. With a strategic investment in Levim Lifetech, we will become a vertically integrated Biotech player with capabilities across the value chain," Bakshi said. Shares of the company settled 0

Mahindra Holidays Q2 results: Net profit declines 35% to Rs 13.77 crore

Shares of the company, which offers resorts and sightseeing packages through its 'Club Mahindra' membership and generates revenue through membership fees, fell about 3% after the results

BPCL Q2FY25 results: Net profit falls 71.8% on lower marketing margins

The country's third-largest oil refiner by capacity said the average gross refining margin for April-September fell to $6.12 per barrel from $15.42 per barrel a year earlier

IDBI Bank Q2 results: PAT up 39% at Rs 1,836 cr on improved interest income

IDBI Bank on Friday reported a 39 per cent surge in net profit at Rs 1,836 crore for the quarter ended September 30, 2024 on the back of improvement in interest income. The LIC-controlled bank had earned a net profit of Rs 1,323 crore in the year-ago period. Total income rose to Rs 8,754 crore in the quarter under review, from Rs 6,924 crore in the same period a year ago, IDBI Bank said in a regulatory filing. Net interest income of the bank improved to Rs 3,875 crore in the July-September quarter, from Rs 3,066 crore in the September quarter of 2023, registering a growth of 26 per cent. Net interest margin increased to 4.87 per cent, from 4.33 per cent at the end of September 2023. Asset quality of the bank witnessed an improvement with gross non-performing assets (NPAs) rising to 3.68 per cent of gross advances at the end of the September quarter of 2024, as against 4.90 per cent a year ago. Net NPAs or bad loans also declined to 0.20 per cent, as against 0.39 per cent in the .