Page 40 - Q2 Results

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

Jaypee Infratech posts Rs 88.2 cr profit in Q2; MD & CEO Aalok Dave resigns

Jaypee Infratech Ltd has reported a consolidated net profit of Rs 88.20 crore for the September quarter. The company had posted a net loss of Rs 588.31 crore in the year-ago period. Total income declined to Rs 222.86 crore in the second quarter of the 2024-25 fiscal year from Rs 357.92 crore in the corresponding period of the previous year, according to a regulatory filing on Thursday. In June this year, the Mumbai-based Suraksha Group took control of the Jaypee Infratech Ltd (JIL) by constituting a three-member board. Sudhir V Valia, promoter of Suraksha Group, was appointed as a non-executive director on the JIL board. The takeover followed the insolvency appellate tribunal NCLAT decision on May 24, 2024, upholding Suraksha Group's bid to acquire JIL. The date of the NCLAT order, May 24, has been treated as the 'Approval Date' as defined in the approved resolution plan. The NCLAT had directed Suraksha Group to pay an additional Rs 1,334 crore to Yamuna Expressway Industrial ...

Lenovo looks to expand as Q2 results beat estimates; eyes AI growth

The Chinese technology company reported revenue of $17.9 billion for the quarter ended Sept 30, exceeding analysts' expectations of $16 billion

Grasim Industries Q2FY25 results: Net profit falls 45.6% to Rs 1,100 crore

Aditya Birla Group flagship holding firm Grasim Industries Ltd on Thursday reported a 45.64 per cent decline in consolidated net profit to Rs 1,100.16 crore for the September quarter, impacted by lower profitability in the cement business and investments in the Building Materials and Renewables businesses. The company had posted a net profit of Rs 2,024.05 crore during the July-September period a year ago, according to a regulatory filing by Grasim Industries -- the holding firm for leading group companies such as UltraTech, Aditya Birla Capital, and Aditya Birla Renewables. Its revenue from operations was up 11.05 per cent to Rs 33,562.85 crore during the quarter under review from Rs 30,220.68 crore a year earlier. The revenue growth was "driven by the superior performance of financial services, cellulosic staple fibre and specialty chemicals businesses", Grasim Industries said in an earning statement. However, consolidated EBITDA declined "as a result of lower profitability in th

Hero MotoCorp Q2 results: Net profit up 5.6% on high rural demand

The consolidated revenue rose to Rs 10,482.93 crore while net profit for the quarter came in at Rs 1,063 crore

Glenmark Pharma Q2 profit rises on strong India business performance

The company also reported a 14.6 per cent rise in revenues in the European market to Rs 687.4 crore, while recording a 1.2 per cent revenue drop in the North America market