Page 28 - Corporate Earnings

Zomato Q2 results: Net profit rises to Rs 176 crore, misses estimates

The company also approved raising up to Rs 8,500 crore via the issue of shares in a qualified institutional placement

Kajaria Ceramics Q2 results: Net profit declines 22% to Rs 84.27 crore

Tiles demand has been sluggish in the world's most populous country, with strong construction activity in western, eastern, and central India countering weakness in northern and southern parts

UltraTech Cement Q2FY25 results: Net profit dips 36% to Rs 820 crore

Cement sale volume slow down, growing at three percent YoY in Q2

Balu Forge Q2 results: Net profit jumps more than two-fold to Rs 48.1 crore

Balu Forge Industries Ltd on Monday reported a more than two-fold jump in consolidated profit after tax to Rs 48.1 crore for the September quarter. The company had delivered a PAT of Rs 23.27 crore in the second quarter of the fiscal 2023-24. Its revenue in Q2 FY25 grew 60.1 per cent to Rs 222.8 crore from Rs 139.22-crore a year go, driven by constant focus on client addition and continued demand for the specialised engineering products, Balu Forge India said. The company's EBITDA (earnings before interest, taxes, depreciation and amortization) during the second quarter surged 116.5 per cent to Rs 65.22 crore from Rs 30.12 crore in the corresponding quarter of FY24, backed by increase in scale of operations and higher demand for heavier products, which tend to yield better margins, it said. "Apart from the financial achievement, the current quarter witnessed a number of developments focused on strengthening our capabilities to navigate industry challenges and capitalise on new ...

Mahindra Logistics Q2 results: Net profit declines 54% to Rs 8.5 crore

Mahindra Logistics Ltd on Monday reported 54 per cent decline in standalone Profit After Tax (PAT) at Rs 8.5 crore for September quarter FY25. The company had posted a PAT of Rs 18.6 crore in the second quarter of FY24, a statement said. Revenue during the quarter under review, however, increased 9 per cent to Rs 1,236 crore from Rs 1,136 crore in July-September FY24. Overall revenues during Q2 FY25 demonstrated a strong growth of 11.5 per cent on year-on-year basis. The company said it continues the focus on expanding capacity and making investments in the eastern and Northeastern region and also on warehouses, delivery stations and express logistics. It expects these investments to be accretive to the growth across businesses in the later part of the year. "During the quarter, we saw strong revenue performance with year-on-year growth of 11.5 per cent. Our 3PL contract logistics, cross border and last mile delivery segments registered strong growth driven by account additions,

Bajaj Housing Finance Q2 results: Profit up 21% on steady home loan demand

The company, a unit of non-bank lender Bajaj Finance , reported its first quarterly earnings since its $782 million initial public offering in September that gathered strong investor interest

Tech Mahindra Q2FY25 results: PAT up 153% to Rs 1,250 cr, revenue up 3.5%

IT services firm Tech Mahindra on Saturday reported a more than two-fold jump in its consolidated net profit to Rs 1,250 crore for the July-September quarter, driven by special income from the sale of assets. The Mahindra Group company posted a net profit of Rs 493.9 crore in the year-ago period, according to an exchange filing. Revenue rose by 3.49 per cent to Rs 13,313.2 crore in the second quarter of 2024-25 compared to Rs 12,863.9 crore in the same quarter of 2023-24. Other income includes gain on sale of property of Rs 4,502 million which comprises of freehold land and its related buildings along with the furniture & fixtures sold for a consideration of Rs 5,350 million, receivable over a period of four years along with interest of 8.2 per cent p.a, the company filing said. Sequentially, net profit rose by 46.81 per cent and revenue by 2.36 per cent. "We continue to progress on our strategic improvement efforts even as the overall IT services industry has remained soft. "We

HDFC Bank Q2 results preview: Muted qtr expected; loan-deposit ratio eyed

HDFC Bank share price: Ahead of the Q2 results, HDFC Bank share price gained 2.8 per cent during the three months to September

Axis Bank shares rally over 5% after Q2, but analysts cautious on outlook

Axis Bank share price: Brokerages have cut their earnings forecast by up to 5 per cent over FY25-27 to factor in Q2 results

Netflix picks up 5.1 million subscribers in Q3 as ad-tier signups grow

Streaming giant said that its ad-supported service accounted for more than 50 per cent of signups in the third quarter in countries where it was available

Earnings disappointment a catalyst for market correction: Analysts

The developments come at a time when the markets are already grappling with geopolitical developments in West Asia and the uncertainty surrounding the outcome of the US presidential polls

Polycab India Q2 results: PAT up 3.4% at Rs 440 cr, misses expectations

Revenue from operations rose 30.4% to Rs 5,498 crore, beating analysts' estimate of Rs 4,956 crore

Central Bank Q2FY25 results: Net profit rises 51% to Rs 913 crore

Recoveries from written-off accounts, treasury income boost bottom line

Havells Q2 results: Net profit rises 7.5% to Rs 268 cr on high demand

Consumer electrical goods maker Havells India Ltd on Thursday reported an increase of 7.5 per cent in its consolidated net profit to Rs 267.77 crore in the September 2024 quarter, driven by improvements in consumer demand trends. The company had posted a consolidated net profit of Rs 249.08 crore in the July-September quarter a year ago, according to a regulatory filing. Its revenue from operations rose 16.38 per cent to Rs 4,539.31 crore in the September quarter. It was Rs 3,900.33 crore in the corresponding period last fiscal. The company had a "decent overall growth across segments driven by improvements in consumer demand trends," Havells India said in a post-result investor presentation. Moreover, a shift in the festive season led to the advancement of advertising & promotion spending of Havells in the September quarter, it added. Havells India's total expenses grew 18 per cent to Rs 4,268.94 crore in the September quarter. In addition, the company settled its insurance clai

QNu Labs expects revenue to grow multi-fold to Rs 200 crore by FY26

Quantum computing startup QNu Labs expects its revenue to grow multifold to Rs 200 crore by FY26 on the Rs 500 crore pipeline from India, the Middle East and the US, a top company official said on Wednesday. QNu Labs CEO Sunil Gupta at India Mobile Congress told PTI that the growth is largely driven by the adoption of quantum security solutions in defence and interest from enterprises in the technology. "Last year, we had revenue of Rs 24 crore. This financial year, we are expecting revenue of Rs 100 crore and then Rs 200 crore in the next financial year. The growth is largely being driven by wider adoption of quantum technology in the Defence sector and gradual interest coming from enterprises," he said. Gupta said the company has deployed a quantum solution for building quantum secure digital certificates and bagged a deal from Defence through iDEX. "A large part of our revenue comes from the government and from next year, we expect over 50 per cent of our revenue to come from ..

Himadri Q2 results: PAT jumps 33% to Rs 134 cr driven by higher margins

Himadri Speciality Chemical Ltd on Wednesday reported a 33 per cent year-on-year jump in net profit to Rs 134 crore for the quarter ending September 30, 2024 (Q2FY'25), driven by higher margins. The revenue in Q2FY'25 stood at Rs 1,135 crore, reflecting a 13 per cent increase compared to Rs 1,005 crore in Q2FY'24. EBITDA surged 29.1 per cent to Rs 201 crore during the quarter, up from Rs 156 crore in the same quarter last year. Commenting on the performance, the CMD and CEO of Himadri Speciality Chemical Ltd, Anurag Choudhary, said, "Our balance sheet continues to remain strong with a positive cash balance of Rs 255 crore. Our strategic focus on profitability and a prudent balance sheet has contributed to better performance." "The successful completion of our first export shipment of liquid coal tar pitch in October 2024 paves the way for large global liquid coal tar pitch markets," he said, highlighting the company's export milestone. Choudhary further outlined the company's capit

HDFC Life Q2FY25 results: Net profit rises nearly 15% to Rs 433 crore

Its value of new business (VNB) increased 17.1 per cent Y-o-Y to Rs 938 crore in Q2, compared to Rs 801 crore in the year-ago period

HDFC AMC Q2 results: Net profit rises 32% to Rs 577 cr, total income up 38%

HDFC Asset Management Company (AMC) on Tuesday reported a 32 per cent year-on-year growth in profit after tax (PAT) to Rs 576.61 crore for the three months ended September 2024. The HDFC AMC's profit after tax stood at Rs 436.52 crore in the same quarter of the preceding financial year (FY24). Its total income rose 38 per cent to 1,058.19 crore in the July-September quarter from Rs 765.35 crore in the year-ago period, HDFC AMC said in a stock exchange filing. For the half-year ended September 2024, the company logged a PAT of Rs 1,180.37 crore and a total income of Rs 2,007 crore. Shares of HDFC AMC were trading 1.11 per cent higher at Rs 4533 on the BSE around 3 pm.

Axis Bank Q2 results preview: Analysts see modest profit growth, weak NIM

Axis Bank Q2 results: Domestic brokerage Motilal Oswal Financial estimates Axis Bank's Q2 profit after tax at Rs 6,630 crore, up 13 per cent Y-o-Y

Corporate earnings, inflation data key factors to drive markets: Analysts

Quarterly earnings of corporates, trading activity of foreign investors and inflation data are the key factors that are expected to drive the momentum in the equity markets this week, analysts said. Moreover, markets would also focus on movement in crude oil prices amid geopolitical tensions, experts added. "In the coming week, the market's direction will largely hinge on corporate earnings, with major companies like Reliance Industries, Infosys, HDFC Bank, Axis Bank, and HCL Technologies set to release their results, among others," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. From the macroeconomic front, investors will keep an eye on the CPI (consumer price index-based inflation) and WPI (wholesale price index-based) inflation data for September, scheduled to be announced on Monday. Investors will also closely track updates on geopolitical tensions, particularly their impact on crude oil prices, and foreign fund flows. Key domestic economic data, including CPI and WPI