Page 45 - Q2 Results

Hindalco Q2 results: Net up 78%, plans $4-5 bn capex for upstream units

Co raises earlier capex plans for upstream by $2 billion

ONGC Q2 results: Net profit up 17% at Rs 11,948 cr on lower windfall tax

State-owned Oil and Natural Gas Corporation (ONGC) on Monday reported a 17 per cent rise in its second quarter net profit primarily because of lower windfall and other taxes. Standalone net profit of Rs 11,948.02 crore in July-September -- the second quarter of the current 2024-25 fiscal year -- was higher than Rs 10,238.10 crore earning in the same period last year, according to a company's stock exchange filing. The profit was also higher than Rs 8,938.10 crore earning in the preceding quarter of April-June 2024. The rise in profit was primarily because of lower windfall tax levied by the government as oil prices dropped. ONGC paid Rs 7,829.51 crore in statutory levies in Q2, down from Rs 10,791.09 crore in July-September 2023 and Rs 9,771.95 crore in April-June 2024. The government levies a windfall profit tax on domestic producers of crude oil to take away extraordinary gains they make when international oil prices shoot up in the aftermath of Russia's invasion of Ukraine. Pr

SBI share price muted today after Q2; brokerages maintain target price

SBI share price: Even if the Reserve Bank of India cuts repo rate, the impact on NIM should be negligible due to the recent hike in MCLR by 30bp, analysts said

Blue Dart Express Q2 results: PAT falls 14% to Rs 62.84 cr on high expenses

The company's consolidated net profit was Rs 62.84 crore ($7.5 million) for the quarter ended Sept. 30, down 14 per cent from a year ago

Triveni Turbine Q2 results: PAT rises 42% to Rs 91 cr on higher income

Triveni Turbine on Monday reported a 42 per cent on-year rise in consolidated profit after tax to Rs 91 crore in the September 2024 quarter, pushed by higher income. It posted a Profit After Tax (PAT) of Rs 64 crore in the July-September quarter of preceding 2023-24 financial year, the company said in a regulatory filing. Total income rose to Rs 520.7 crore from Rs 402.3 crore a year ago. In a statement, Dhruv M Sawhney, Chairman and Managing Director of Triveni Turbine, said: "We have reported another strong set of results across all key metrics of revenues, profitability and order booking." In Q2 FY25, order booking grew 25 per cent Year-on-Year (YoY) to Rs 5.72 billion driven by export order booking which increased 50 per cent YoY to Rs 3.04 billion. Key drivers of growth in product order booking were finalisation of orders by industrial customers for biomass-based process cogeneration along with API (American Petroleum Institute) turbines. Triveni Turbine is amongst the leadi

Asian Paints shares break 6-year bullish trend; another 17% fall likely

Asian Paints stock was trading at 3-year lows, and had given a downside breakout on the monthly chart for the first time since May 2018; shows technical charts.

Britannia Industries Q2 results: Net profit down 9.6%, volume growth at 8%

The biscuit major's profit before interest, tax, and depreciation was down 10.6 per cent at Rs 825.9 crore

Bank of India Q2FY25 results: Net profit rises 63% to Rs 2,374 crore

NIMs guidance of 2.9 per cent by March 2025

TVS Supply Chain Solutions posts Rs 10.6 crore PAT in September quarter

Ravi Viswanathan, managing director, TVS SCS, said that the Q2 results demonstrate our ability to sustain growth momentum in both revenue and profit amid ongoing macroeconomic challenges

Balrampur Chini Mills Q2 results: PAT falls 60% to Rs 67 cr on lower income

Balrampur Chini Mills on Monday reported a 60 per cent drop in its consolidated net profit to Rs 67.17 crore in the September quarter of FY25, as lower income weighed on the company's performance. The Uttar Pradesh-based company's consolidated net profit stood at Rs 166.25 crore a year ago. Net income declined 17.35 per cent to Rs 1,362.83 crore while its total expenses fell 8.43 per cent to Rs 1,312.08 crore during the quarter, according to a regulatory filing. Balrampur Chini, one of the country's largest sugar producers, operates 10 manufacturing facilities across eastern and central Uttar Pradesh with a total daily cane crushing capacity of 80,000 tonnes.

National Fertilizers Q2 results: Net profit at Rs 12.07 cr on lower costs

The state-run agricultural chemicals maker reported a consolidated profit of Rs 12.07 crore ($1.4 million) for the quarter ended Sept. 30, compared to a loss of Rs 87.1 crore a year ago

Hindalco Q2 results: PAT jumps 78% to Rs 3,909 cr on high aluminium prices

The company, owned by the Aditya Birla Group, said its consolidated net profit jumped 78 per cent to Rs 3,909 crore ($463.3 million) for the three months ended Sept. 30

Britannia Q2FY25 results: Net profit falls to Rs 531 cr on low urban demand

The company, which sells Jim Jam and NutriChoice biscuits, reported a consolidated net profit of Rs 531 crore ($62.95 million) for the three months ended Sept. 30

NMDC Q2 results: Net profit grows 17% to Rs 1,196 cr, total income up 22%

State-owned miner NMDC on Monday reported a 16.66 per cent rise in consolidated net profit to Rs 1,195.63 crore for the September 2024 quarter, helped by higher income. It had posted Rs 1,024.86 crore profit in the July-September period of 2023-24, the company said in an exchange filing. The company's total income surged 22 per cent to Rs 5,279.68 crore from Rs 4,335.02 crore in the year-ago quarter. The board has also approved the issuance of bonus shares in the ratio of 2:1. It further approved an increase in authorised share capital from Rs 400 crore to Rs 1,000 crore. NMDC, under the Ministry of Steel, is India's largest iron ore mining entity catering to around 20 per cent of the country's demand for the key steel-making raw material.

Shree Cement Q2FY25 results: Net profit declines 83% to Rs 76.44 crore

Shree Cement maintained its capital expenditure (capex) target to expand capacity to 80 million tonnes per annum

Hindustan Copper Q2 results: Net profit rises 67% to Rs 102 crore

State-owned Hindustan Copper Ltd (HCL) on Monday reported a 67.4 per cent rise in consolidated net profit to Rs 101.67 crore for the quarter ended September 30, 2024, on the back of higher revenue from operations. The company had posted a consolidated net profit of Rs 60.70 crore in the year-ago period, HCL said in a filing to BSE. Revenue from operations of the company in the July-September period rose to Rs 518.19 crore from Rs 381.40 crore in the corresponding quarter of previous fiscal. Hindustan Copper Ltd (HCL) is under the administrative control of the mines ministry. It is engaged in mining of copper ore and owns all the operating mining lease of copper ore and is also the only integrated producer of refined copper (vertically integrated company).. The company has the facilities for production and marketing of copper concentrate, copper cathodes, continuous cast copper rod and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate and sulphuric ..

Ramco Cements Q2FY25 results: PAT falls 75% to Rs 25.58 cr on muted prices

Company's net profit after tax for its standalone business, which comprises its cement segment, dropped to Rs 25.58 crore ($3 million) for the quarter ended Sept. 30 from Rs 101 crore a year earlier

Bank of India Q2FY25 results: Net profit jumps 63% to Rs 2,374 cr

Bank of India (BoI) on Monday reported a 63 per cent jump in net profit to Rs 2,374 crore for the second quarter ended on September 30, 2024, on higher non-interest income. The public sector bank had a net profit of Rs 1,458 crore in the quarter ended in September 2023. Total income increased to Rs 19,872 crore in the July-September quarter of current fiscal, from Rs 16,659 crore in the corresponding quarter of previous fiscal. Net interest income (NII) increased by 4 per cent YoY to Rs 5,986 crore for Q2FY25 against Rs 5,740 crore in the year ago period. Non-interest income jumped 49 per cent YoY to Rs 2,518 crore during the quarter under review, against Rs 1,688 crore in the corresponding quarter of the previous fiscal. Net non performing assets (NPA) declined by 29 per cent YoY from Rs 7,978 crore in September 2023 to Rs 5,649 crore in September 2024. Bank of India shares closed at Rs 112.25 , up 0.63 per cent over previous close on BSE.

Shree Cement Q2FY25 results: Net profit falls 83% to Rs 76.64 crore

Bangur family-promoted Shree Cement Ltd on Monday reported 82.83 per cent decline in consolidated net profit at Rs 76.64 crore for September quarter FY25 as it faced challenging demand conditions on account of prolonged monsoon and lower price in the segment. The company had logged a net profit of Rs 446.62 crore in the July-September period a year ago, according to a regulatory filing from Shree Cement Ltd (SCL). Revenue from operations was down 15.07 per cent year-on-year to Rs 4,054.17 crore during the quarter. Like other cement makers, SCL also faced "challenging demand conditions on account of prolonged monsoon and softer prices faced by the industry," the company said in its earning statement. EBITDA stood at Rs 593 crore against Rs 870 crore in the corresponding quarter of the previous year. Total expense was at Rs 4,212.27 crore, down 3.52 per cent from the year-ago period. Total sale volumes came down by 7 per cent to 7.60 million tonne as against 8.20 million tonne. Tot

Godfrey Phillips India Q2 results: Net profit up 23% at Rs 248.31 crore

Cigarette maker Godfrey Phillips India Ltd on Monday reported a 23 per cent rise in consolidated net profit to Rs 248.31 crore in the second quarter ended September 30, 2024, fuelled by higher sales. The company posted a consolidated net profit of Rs 202.06 crore in the same quarter last fiscal, Godfrey Phillips India Ltd (GPIL) said in a regulatory filing. Consolidated total revenue from operations stood at Rs 1,651.42 crore in the quarter under review compared to Rs 1,374.55 crore in the year-ago period. Total expenses in the second quarter were higher at Rs 1,415.89 crore against Rs 1,194.03 crore a year ago. Revenue from cigarettes, tobacco and related products in the second quarter stood at Rs 1,610.06 crore compared to Rs 1,258.48 crore in the corresponding period last fiscal, the company said. On the other hand, revenue from retail and related products was lower at Rs 38.79 crore over Rs 117.26 crore in the same period last fiscal, it added. The company's board had on Apri