Page 38 - Q2 Results

AC major Voltas margins need to match growth trajectory for further gains

The near-term positive for the company is the performance of its unitary cooling products or UCPs in Q2. It expects similar growth in the coming quarters

Q2FY25 corporate earnings split sectors between strong growth and slowdowns

Four of the 10 largest sectors - oil & gas, automotive, power, and FMCG - saw year-on-year profit declines, while six sectors posted double-digit earnings growth

Tepid earnings growth in September quarter an Asia-wide problem: Nomura

Meanwhile, according to a note by JM Financial, 66 per cent companies under their coverage saw earnings per share (EPS) cuts for FY25

Waaree Energies slips 6% on muted September quarter results

The company's profit after tax rose 17 per cent YoY at Rs 376 crore on account of other income.

Mamaearth parent loses $415 mn in value as Q2 loss fans demand worries

The sharp selloff was triggered after Honasa posted its first quarterly loss since listing in Nov. 2023 late on Thursday

India Inc's Q2FY25 numbers show growing dependence on BFSI sector

Analysts attribute BFSI companies' rising share in corporate revenues and profits to this sector's consistent double-digit growth, unlike other sectors of the economy

Waaree Energies Q2FY25 results: Net profit grows 17% to Rs 375.6 cr

Waaree Energies on Monday reported a 17 per cent rise in consolidated net profit at Rs 375.6 crore in the July-September quarter, helped by higher income. It had posted Rs 320.1 crore profit for the July-September period of the preceding 2023-24 fiscal, the company said in a regulatory filing. Post its listing on October 28, this is the first quarterly result of Waaree Energies. It made its market debut at Rs 2,550, reflecting a jump of 69.66 per cent from the issue price price of Rs 1,503. The company's total income rose to Rs 3,663.4 crore in the quarter under review, from Rs 3,558.5 crore in the second quarter of the last financial year. Its expenses during the quarter were at Rs 3,164.6 crore, as against Rs 3,123.9 crore in the year-ago period. The board also approved an investment of up to Rs 600 crore in its wholly-owned subsidiaries for setting up and development of the infrastructure (including land and connectivity) for the purpose of developing renewable power projects a

Tega extends falls; slips 17% in 2 days on disappointing Q2 results

In Q2FY25, the company's EBITDA decreased 58% YoY at Rs 34.4 crore; margin contracted to 9.7 per cent from 21.6 per cent in Q2FY24, impacted due to onetime expenses incurred during the quarter.

Ahluwalia Contracts stock tanks 8% on weak Q2 show; profit drops 30% YoY

The fall in the share price of Ahluwalia Contracts (India) came after the company posted a weak set of results in the September quarter of financial year 2025 (Q2FY25)

Bharat Dynamics slips 4% on posting weak Q2FY25 results; PAT down 17%

The company posted a standalone net profit of Rs 123 crore as compared to Rs 147 crore a year ago. This implies a decline of 17 per cent Y-o-Y

Brokerages reiterate 'Buy' on Hero MotoCorp post Q2 results; stock rises 5%

The surge in Hero MotoCorp share price came on the back of September quarter results, which met Street expectations

Sobha share rallies 6% as Q2 profit climbs 75% YoY; check details here

The rise in Sobha share price came on the back of stellar show in the September quarter of financial year 2025 (Q2FY25)

Garware Technical hits record high post Q2; board approves bonus issue

The textile product company's board approved a bonus issue of 7,94,12,676 shares of Rs 10 each

Honasa Consumer stock tanks 20%, hits 52-week low on weak Q2 results

Mamaearth is growing slower than expectations and Honasa said the company is making identified structural changes to bring it back to its growth trajectory in a few quarters.

Weak urban demand weighs on FMCG firms in Q2 despite rural market recovery

Urban demand grew by 2.8 per cent, while rural demand increased by 6 per cent, up from 5.2 per cent in the April-June quarter

Starlineups Enterprise Q2FY25 results: PAT jumps over 2-fold to Rs 3.25 cr

Diamonds and jewellery trader Starlineps Enterprise Ltd has reported more than two-fold jump in net profit to Rs 3.25 crore for the July-September quarter of 2024-25 compared to the year-ago period on higher income, according to a statement. The Surat-based company posted more than two-fold rise in revenue to Rs 24.43 crore for the September quarter of FY25 compared to Rs 9.07 crore revenue in the year-ago period, Starlineps Enterprise said in the statement. The Surat-based wholesale and retail trader of diamonds and jewellery also announced a strategic investment in EdTech platform Fusion Klassroom Edutech and acquisition of GenAI-powered platform CUR8. The company recently incorporated a wholly-owned subsidiary, Starlineps International Pvt Ltd.

MFIs, OMCs top Q2 miss list; PSBs, commodities surprise on upside

The study showed almost all microfinance institutions and companies in the oil refining & marketing space have missed estimates

Fusion Finance stays in red with Q2 net loss of Rs 305 cr; GNPA hits 9.4%

Its impairment for financial instruments, that is credit costs, shot up to Rs 694.05 crore in Q2Fy25 from Rs 76.2 crore in Q2FY24 and Rs 348.47 crore in Q1FY25

Happiest Minds Technologies Q2 results: Net profit falls 15% to Rs 49.52 cr

IT firm Happiest Minds Technologies has posted a 15.2 per cent on-year decline in consolidated net profit to Rs 49.52 crore in the September 2024 quarter. It reported a net profit of Rs 58.46 crore in the year-ago period, according to a regulatory filing on Wednesday. Revenue from operations during the quarter under review came in at Rs 521.64 crore, an increase of 28.2 per cent from Rs 406.62 crore in Q2 FY24. Seen quarter-on-quarter, profit dipped 2.9 per cent but revenue rose 12.4 per cent. Terming it as the "best growth results since the last two years", company Executive Chairman Ashok Soota said the transformational changes the company initiated this year are gathering momentum. "These changes include the acquisition of PureSoftware and Aureus, the creation of our GenAI Business Unit (GBS), hiring a senior leader to expand net new (NN Sales), and creating six industry groups, each headed by an industry manager. The full impact of all these changes on revenue and growth will

E.I.D. Parry Q2 results: Net profit declines 24% to Rs 591.66 crore

Sugar manufacturer E.I.D. Parry India Ltd has recorded a consolidated profit after tax for the July-September 2024 quarter at Rs 591.66 crore, the company said. The city-headquartered Murugappa Group company had registered a consolidated profit after tax of Rs 781.85 crore in the corresponding quarter of last financial year. For the six months period ending September 30, 2024, the consolidated profit after tax fell to Rs 817.53 crore from Rs 1,106.75 crore registered year ago. The total income during the quarter under review went up to Rs 9,399.73 crore, from Rs 9,210.31 crore registered in the year ago period. For the half year ending September 30, 2024, the consolidated total income stood at Rs 16,206.71 crore, as against Rs 16,225.58 crore registered during the corresponding period of last financial year. Commenting on the financial performance, company Whole-Time Director and Chief Executive Officer Muthiah Murugappan said, "the standalone profit of sugar segment was lower in