Page 46 - Q2 Results

Ashok Leyland Q2 PAT up 34% on cost control measures, steel price dip

Despite strong profits, total income dipped by 2 per cent to Rs 11,262.84 crore during the quarter, compared to Rs 11,463.03 crore in Q2 FY24

Shriram Life posts 29% dip in H1 net profit on record volume, premium

Company reports assets under management of Rs 12,310 cr, expects number to be around Rs 13,500 by end of FY25

Orient Cement Q2 results: PAT slides 90.5% to 2.32 cr, sales down 24.5%

CK Birla group firm Orient Cement Ltd on Friday reported a 90.5 per cent decline in net profit to Rs 2.32 crore for the second quarter ended September 2024. The company reported a net profit of Rs 24.62 crore for the July-September quarter a year ago. Its revenue from operations was down 24.5 per cent at Rs 544.02 crore during the quarter under review against Rs 720.57 crore in the corresponding period a year ago. Total expenses of OCL were at Rs 544.47 crore in the September quarter, down 20 per cent. Last month Billionaire Gautam Adani-owned Adani Cement announced signing a binding agreement for the acquisition of OCL at a valuation of Rs 8,100 crore. Its step-down unit Ambuja Cements will acquire 46.8 per cent shares of OCL from its current promoters and certain public shareholders. It has also announced an open offer to acquire 26 per cent from the market at a price band of Rs 395.40, which opens on December 16, 2024. Shares of Orient Cement Ltd on Friday settled at Rs 336.90

Motherson Sumi Wiring Q2 results: Net profit dips 3% to Rs 152 cr

Motherson Sumi Wiring India on Friday said its net profit declined 3 per cent to Rs 152 crore in the second quarter ended September 30, 2024. The company had posted a net profit of Rs 156 crore for the July-September period of last fiscal. Total revenue from operations increased to Rs 2,326 crore from Rs 2,109 crore in the year-ago period, the company said in a statement. "We are committed to our expansion plans that prioritise our customers' needs, while actively exploring new opportunities within the evolving automotive landscape across all powertrains," Chairman Vivek Chaand Sehgal said. "As we move forward, we will continue to enhance our operational efficiencies and further develop our manufacturing expertise, ensuring sustainable growth and innovation," he added. Shares of the company ended 0.79 per cent down at Rs 63.9 apiece on BSE.

Jupiter Wagons Q2 results: Net profit rises 8.9% to Rs 89.36 crore

Jupiter Wagons Limited on Friday reported an 8.9 per cent increase in consolidated net profit to Rs 89.36 crore for the second quarter ended September 2024. The company had posted a consolidated net profit of Rs 82.08 crore in the same quarter of the last fiscal, Jupiter Wagons said in a regulatory filing. Its consolidated income stood at Rs 1,018.75 crore compared to Rs 885 crore in the year-ago period, it added. The order book of the company as of September 30, 2024, stands at Rs 6,64,366 lakh. Managing Director of Jupiter Wagons Vivek Lohia, said, "We have rebranded our subsidiary, Bonatrans India Private Limited to Jupiter Tatravagonka Rail Wheel Factory Private Limited even as we unveiled plans to increase capacity for wheelsets manifold through investment of Rs 2,500 crore in a new facility on Odisha". On July 12, 2024, Jupiter Wagons successfully completed a Qualified Institutional Placement (QIP), raising Rs 800 crore. The capital raised will be primarily used to establis

Welspun Q2 profit falls 27% to Rs 283 cr; board okays Rs 2k cr investments

Welspun Corp on Friday reported around 27 per cent fall in consolidated net profit at Rs 282.96 crore for September quarter, mainly on account of fall in income. It had posted Rs 386.57 crore net profit for July-September 2023, the company said in an exchange filing. Total income declined to Rs 3,364.23 crore from Rs 4,161.41 crore in the second quarter last fiscal. Expenses were at Rs 3,074.90 crore as against Rs 3,820.59 crore a year ago. The board also approved several investment proposals in India and abroad worth over Rs 2,000 crore. It approved a proposal to increase ductile iron pipes capacity to 250 KMTPA from 150 KMTPA, along with setting up the 350 KMTPA LSAW (Longitudinal Submerged Arc Welding) pipes facility at investment of up to USD 200 million (about Rs 1,680 crore) in Saudi Arabia. This will be funded through debt of up to USD 140 million and balance will be through internal accruals of the company. The plants are expected to be operational in April 2026. Further

Pritika Engineering Q2 results: Net profit rises 78% to Rs 1.64 cr

Pritika Engineering Components on Friday posted a 78.20 per cent rise in its net profit to Rs 1.64 crore in the September 2024 quarter, mainly due to higher revenues. "Net profit rose by 78.20 per cent YoY (year-on-year) to Rs 1.64 crore in Q2 FY25, compared to Rs 0.92 crore in Q2 FY24," a company statement said. According to the statement, its revenue increased by 40.59 per cent year-over-year (YoY) to Rs 32.03 crore in Q2 FY25 from Rs 22.78 crore in Q2 FY24. Pritika Engineering also posted robust financial results in H1 FY25. The revenue grew by 23.97 per cent to Rs 54.92 crore against Rs 44.30 crore in H1 FY24. Its net profit increased by 39.87 per cent to Rs 2.58 crore in H1 FY25 compared to Rs 1.85 crore in H1 FY24, it added. Harpreet Singh Nibber, Managing Director of Pritika Engineering Components, said, "We are pleased to report a robust performance in Q2 FY25, highlighted by a significant increase in revenue of 40.59 per cent year-over-year, reaching Rs 32.03 crore". In

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

Shriram Life Insurance H1FY25 results: Net profit drops to Rs 50 cr

Shriram Life Insurance Company (SLIC) on Friday said it has reported a net profit of Rs 50 crore during the first half of the current fiscal. During the period, the insurance company, jointly promoted by Shriram Group and South Africa's Sanlam Group, sold 2.83 lakh individual policies in the first half, nearly double what it sold during the same period a year ago. The net profit of the company came down to Rs 50 crore from Rs 70 crore in the first half of the previous fiscal due to capacity expansion undertaken, Shriram Life Insurance Company MD and CEO Casparus JH Kromhout said. Branch expansion, fresh recruitment and investment in technology are being undertaken to expand business, he said. Presently, 50 per cent of the business comes from southern states, while remaining from other states. The company has plans to expand its footprint in other states, he said. Sharing other financial details, Kromhout said assets under management as of H1 FY25 was Rs 12,310 crore, up 21 per ce

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

SBI Q2 results: Profit soars 28% YoY to Rs 18,331 crore; stock falls 3%

SBI Q2 results: SBI share price fell 2.9 per cent to Rs 834 per share on the BSE after the announcement of Q2 results 2024

Page Industries Q2 results: Profit up 30% on strong volume growth

Apparel manufacturer Page Industries Ltd has reported a 30 per cent increase in net profit at Rs 195.25 crore for the second quarter ended September 2024 helped by volume growth, stable input costs and improved operating efficiency. The company had posted a net profit of Rs 150.27 crore during the July-September period a year ago, according to a filing from Page Industries Ltd (PIL) on Thursday. Its revenue from operations was up 11.06 per cent to Rs 1,246.27 crore in the September quarter of this fiscal. It was at Rs 1,122.11 crore in the corresponding period a year ago. The "sales volume grew 6.7 per cent YoY, amounting to 55.2 million pieces," PIL said in its earnings statement. Moreover, stable input costs and improved operating efficiency contributed to significant growth in operating profit, it added. Total expenses of Page Industries was at Rs 998.34 crore, up 7.54 per cent in the September quarter. The total income, which includes other income and finance income, was at R

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

Sterlite Tech up 7% on emerging L1 bidder for over Rs 1 bn-order from BSNL

The contract is for 3 years of construction and 10 years of maintenance contract at 5.5 per cent per annum of capex for the first 5 years and 6.5 per cent per annum of capex for the next 5 years

GE Shipping shares sink 8% on mixed Q2 results; PAT down 3%, margins dip

GE Shipping reported a 3 per cent fall in consolidated net profit to Rs 576 crore in Q2 as compared to Rs 595 crore a year ago.

Cochin Shipyard share price hits 5% lower circuit as Q2 margins take a hit

Cochin Shipyard has declared an interim dividend of Rs 4 per equity share of Rs 5 each fully paid up (80 per cent) for FY25

RVNL share price slips 7% after September quarter profit tanks 27% YoY

The fall in RVNL share price came after the company announced a weak set of September quarter of financial year 2025 (Q2FY25) results on Thursday post-market hours.