Page 29 - Corporate Earnings

Refex Renewables Q2 result: Loss widens to Rs 13 cr, income at Rs 14 cr

Refex Renewables & Infrastructure Ltd (RRIL) on Friday reported a consolidated loss of Rs 12.69 crore in September quarter, mainly on account of a fall in income. It had posted a Rs 10.48 crore loss in the quarter ended September 2023, the company said in an exchange filing. The company's total income declined to Rs 14.38 crore in the quarter under review, from Rs 21.36 crore in the second quarter last fiscal. The board of the company also approved incorporation of two companies as wholly-owned subsidiaries which would operate in the wind energy sector. The new subsidiaries will be able to explore untapped growth in the wind energy segment and further, it would ensure better feasibility in raising financing from the lenders for the specific project / assets. The board also approved disinvestment of 24.50 per cent equity stake held in its subsidiary Refex Green Energy Limited. "RRIL and Winvision (JV Partners) shall hold equity stake in RGEL (JV entity) in the ratio of 75.5 : 24.5

Tata Motors Q2 results: Net profit declines 9.9% to Rs 3,450 crore

Tata Motors on Friday reported a 9.9 per cent drop in consolidated net profit to Rs 3,450 crore for the second quarter ended September 2024. The company had posted a consolidated net profit of Rs 3,832 crore in the same quarter of the last fiscal, Tata Motors said in a regulatory filing. Its consolidated revenue from operations stood at Rs 1,00,534 crore compared to Rs 1,04,444 crore in the year-ago period, it added. Total expenses stood at Rs 97,330 crore against Rs 1,00,649 crore in the same quarter a year ago, the company said.

Ashok Leyland Q2 results: Net profit increases to Rs 766.55 crore

Hinduja Group flagship Ashok Leyland announced on Friday a consolidated profit of Rs 766.55 crore for the July-September 2024 quarter. The city-based heavy commercial vehicle maker had registered a consolidated profit of Rs 550.65 crore during the corresponding quarter of the previous financial year. The consolidated total income during the quarter rose to Rs 11,261.84 crore, up from Rs 10,754.43 crore in the year-ago period. In a statement on Friday, the company said it maintains over 31 per cent market share in the domestic medium and heavy commercial vehicle segment. "Our focus on profitability continues. We are pleased to have improved our profitability by premiumising our products, addressing cost-reduction opportunities, and continuously enhancing our customer service standards," said managing director and CEO Shenu Agarwal. "Our PAT (profit after tax) for Q2FY is at an all-time high. Our EBITDA (earnings before interest, taxes, depreciation, and amortization) margins have .

Bajaj Hindustan Sugar Q2 result: Loss narrows to Rs 76 cr on lower expenses

Bajaj Hindustan Sugar, on Friday reported narrowing of consolidated loss to Rs 76.17 crore for September quarter, helped by lower expenses and complete repayment of sustainable debt. The country's largest integrated sugar producer, which accounts for 14 per cent of Uttar Pradesh's cane crushing, incurred a loss of Rs 122.59 crore a year ago. Revenue in the quarter remained stable at Rs 1,163.26 crore. Total expenses fell to Rs 1,238.95 crore from Rs 1,286.18 crore, according to a regulatory filing. Despite positive EBITDA, the company faced operational challenges including lower sugarcane availability, under-capacity utilization, and reduced by-product production, primarily due to delayed cane payments to farmers. "The debt clearance has significantly reduced our finance costs, improving liquidity for cane payments and development activities," the company said. The outlook appears brighter as the government considers raising the minimum sugar selling price to Rs 39-40 per kg from

Yatharth Hospitals Q2FY25 results: Net profit up 12%, revenue rises 27%

The growth is attributed to higher occupancy rates and an increase in revenue per bed during the September quarter

SBI Q2 results preview: Profit may rise upto 17%, provisions could shoot up

SBI Q2 preview: SBI, India's biggest state-owned bank, is scheduled to report its financial results for quarter-ended (Q2 FY25) and half-year ended (H1 FY25) on September 30, 2024 on November 8, 2024

Trent Q2FY25 results: PAT rises 44.3% to Rs 338.75 cr despite headwinds

Revenue from operations rose 39.4 per cent to Rs 4,156.67 crore in Q2 compared to the same period last year

Brookfield India REIT Q2 FY25 Results: Adjusted NOI grows 40% YoY

The REIT also declared a distribution of Rs 4.60 per unit to its unitholders

Market today: Wall Street hits record as Trump wins, US Fed decision eyed

After cheering Trump's victory, focus will now shift to US Fed's policy decision. Meanwhile, September quarter results and macroeconomic data will also be eyed

Power Grid Corp Q2 results: Net profit almost flat at Rs 3,793 cr

State-owned Power Grid Corporation of India (PGCIL) on Wednesday said its consolidated net profit stood almost flat at Rs 3,793.02 crore in the July-September quarter of this financial year. The company had reported a consolidated net profit of Rs 3,781.42 crore in the quarter ended on September 30, 2023, the company said in a regulatory filing. Total income of the company rose to Rs 11,845.93 crore in the quarter under review from Rs 11,530.43 crore in the same period a year ago. The board also approved payment of first interim dividend of Rs 4.50 per equity share of Rs 10 each for the financial year 2024-25. The board also approved the proposal to sell, assign, transfer 26 per cent residual equity shareholding in four associate companies -- POWERGRID Kala Amb Transmission, POWERGRID Parli Transmission, POWERGRID Warora Transmission and POWERGRID Jabalpur Transmission to POWERGRID Infrastructure Investment Trust (PGInvIT).

Kansai Nerolac Paints Q2 results: Net profit falls 31% to Rs 123 crore

The company, majority owned by Japan's Kansai Paint Co, said its consolidated net profit fell to Rs 123 crore ($14.6 million) in the three months ended Sept. 30 from Rs 177 crore a year earlier

GE Power India Q2 results: Net profit rises to Rs 67 cr on lower expenses

GE Power India on Wednesday reported a net profit of Rs 66.8 crore in the September 2024 quarter, aided by lower expenses. It had posted a Rs 61.8 crore loss in the year-ago period, the company said in a regulatory filing. Its total income slipped to Rs 244.4 crore compared to Rs 250.8 crore in the July-September period of the preceding 2023-24 fiscal. During the reported period, the company reduced expenses to Rs 235.3 crore against Rs 286.7 crore a year ago.

Tata Steel Q2 results: Net profit at Rs 759 cr, total income up marginally

Tata Steel on Wednesday reported a net profit of Rs 758.84 crore for the September 2024 quarter, helped by lower expenses. It had posted a net loss of Rs 6,511.16 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income rose to Rs 54,503.30 crore during the second quarter against Rs 55,910.16 crore in the same period a year ago. Tata Steel reduced its expenses to Rs 52,331.58 crore from Rs 55,853.35 crore in the year-ago quarter.

Spencer's Retail Q2 results: Net loss widens to Rs 87.18 cr on low demand

Spencer's Retail Ltd on Wednesday reported widening of its consolidated net loss to Rs 87.18 crore for the second quarter ended September 30, 2024 impacted by softer consumption and ramping down of operations in NCR region and South markets. The company had posted a net loss of Rs 70.12 crore in the July-September period a year ago, according to a regulatory filing from Spencer's Retail, a RP Sanjiv Goenka firm. Its revenue from operations was down 9.75 per cent at Rs 518.03 crore during the quarter under review. It was at Rs 574.04 crore in the year-ago period. The company witnessed "softer consumption due to heavy monsoon & a delay in consignment delivery which impacted the business growth, said Spencer Retail in its earnings statement. Total expenses of Spencer's Retail was up around 3 per cent to Rs 666.30 crore in the September quarter. However, Spencer's Retail total income, which includes other income, was marginally up to Rs 579.05 crore in the September ...

Manappuram Finance Q2 results: PAT up 2% at Rs 571 cr on gold loan boost

The gold loan financier's consolidated net profit rose 2% from last year to Rs 571 crore (about $68 million) for the three months ended Sept 30

Upper-teens EPS growth likely for Gland Pharma in next two financial years

Analysts are downgrading optimistic EPS estimates for FY25 and FY26, due to continuing slowdown in US sales and a temporary issue at Cenexi's site in Belgium

Auto parts firm Sundram Fasteners posts 8% increase in Q2 net profit

The company has incurred Rs 238.25 crore in capital expenditure for the half-year ended September 30, 2024, in line with its planned capital expenditure of Rs 400 crore for the financial year 2024-25

Dr Reddy's clocks highest-ever revenue in Q2; net profit down 9.5%

Sequentially, revenue from operations grew by 4.5 per cent, whereas PAT declined by 3.6 per cent

Aptus Value Housing Q2 results: PAT up at Rs 182 cr on stable asset quality

Housing finance company Aptus Value Housing Finance India Ltd on Tuesday reported profits for the July-September 2024 period at Rs 181.96 crore supported by business growth and stable asset quality, the company said on Tuesday. The city-based company had registered profits of Rs 148.01 crore during the corresponding period of last year. For the half-year period ending September 30, 2024, the profits went up to Rs 353.71 crore, from Rs 290.27 crore registered in the year ago period. The total income during the quarter under review went up to Rs 435.54 crore, from Rs 345.66 crore registered during the corresponding period of last year. For the six month period ending September 30, 2024, the total income surged to Rs 840.17 crore, from Rs 661.03 crore registered in the year ago period. Commenting on the financial performance, company managing director P Balaji said, "we are happy to share that Aptus achieved strong results for the second quarter of FY25. The company posted a 22 per c

Titan Q2 results: Net profit down 23% at Rs 704 cr, sales up 25.8%

Total expenses of Titan increased 20.23 per cent to Rs 13,709 crore in the June quarter