Page 48 - Q2 Results

Gulf Oil Lubricants July-September PAT grows 15% to Rs 84.44 crore

Lubes maker Gulf Oil Lubricants India on Wednesday reported a 15 per cent growth in profit after tax (PAT) at Rs 84.44 crore for the three months to September 2024. The Hinduja Group firm had delivered a PAT of Rs 73.66 crore in the second quarter of FY 2023-24. Its revenue from operations for the quarter increased 5.86 per cent to Rs 849.33 crore from Rs 802-30 crore a year ago, it stated. The company also delivered an EBITDA (earnings before interest, taxes, depreciation and amortisation) of Rs 107.15 crore, up 6.64 per cent compared to Rs 100.48 crore for the second quarter of FY24, Gulf Oil Lubricants said. "We had a good quarter in spite of the volatile market conditions with Q2 and H1 FY25 PAT growth at healthy 15 per cent and 22 per cent, respectively, on a year-on-year basis. "We focused on sustaining our margins, achieving an improvement in gross margin, resulting in an EBITDA of 12.62 per cent of revenue, while investing in brand, digital and human resources to enhance t

JB Pharma Q2: PAT up 16%, revenue rises 13% over strong domestic growth

The company stated it has a strong order book for the remaining quarters of this financial year

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.

Blue Star Q2 results: PAT up 36% to Rs 96 cr, revenue from ops rises 20%

Air conditioning and commercial refrigeration systems maker Blue Star Ltd on Wednesday reported 35.73 per cent rise in consolidated net profit at Rs 96.06 crore for the second quarter ended September 2024 led by its project business. The company had logged a net profit of Rs 70.77 crore in July-September FY24, according to a regulatory filing from Blue Star Ltd. Revenue from operations was up 20.39 per cent to Rs 2,275.96 crore in the September quarter as against Rs 1,890.40 crore in the year-ago period. During the quarter, the company maintained the growth momentum established in the first quarter. A strong performance across all major segments, supported by a robust order book, reflects increasing demand for its diverse product portfolio, said an earnings statement from Blue Star. Total expenses increased 19.61 per cent to Rs 2,163.08 crore in the quarter. Total income, which includes other income, was at Rs 2,294.47 crore, up 20.54 per cent year-on-year. Blue Star's revenue fro

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 ...

Piramal Pharma soars 13% on heavy volumes; up 42% in 2 weeks post Q2 show

Till 12:35 pm; a combined 32.3 million shares representing 2.43 per cent of total equity of PPL changed hands on the NSE and BSE.

Raymond Lifestyle plunges 8%, at new low on weak Q2 operational performance

Q2 earnings impact: Total income was down 6.2% to Rs 1,735 crore, due to subdued demand and logistics delays in Garmenting business.

Max Healthcare Q2: Net profit up 1.9% at Rs 281.81 cr, revenue rises 25%

Hospital chain's average revenue per occupied bed increases 2% at Rs 76,100

Q2 results today: Tata Steel, Apollo, JK Lakshmi among 97 to post earning

Q2 results today, November 6: Aadhar Housing Finance, Power Grid Corporation of India, and Jindal Steel & Power will be releasing their Q2FY25 results today

Lupin Q2 Preview: Profits may rise 42% YoY led by steady India, US sales

Brokerages expect Lupin to report a strong quarter on a year-on-year basis, while a quieter one sequentially

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

Titan Q2FY25 results: Net profit down 23% due to cut in customs duty

Its revenue from operations grew 25.8 per cent at Rs 13,473 crore in the quarter over last year while its net profit stood at Rs 704 crore

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

Triveni Engg Q2 results: Net loss of Rs 22.4 cr, revenue at Rs 1,748.3 cr

Integrated sugar and ethanol manufacturer Triveni Engineering and Industries on Tuesday reported a consolidated loss of Rs 22.4 crore during the September quarter, due to subdued profitability in sugar and alcohol business. The company had posted a profit after tax (PAT) of Rs 29.1 crore in the year-ago period, Triveni Engineering and Industries said in a statement. Revenue from operations of the company grew 8.1 per cent during the second quarter of the current fiscal year to Rs 1,748.3 crore compared to Rs 1,617.4 crore a year earlier. Triveni Engineering and Industries Chairman and Managing Director Dhruv M Sawhney said, "Overall profitability of the company during the half year ended September 30, 2024 was subdued, impacted by lower margins in the alcohol business and losses of new subsidiary SSEL, which was recently acquired. "For the sugar season, the profitability in the first half of the financial year remains muted due to spending of fixed expenses during the off-season ..

Tilaknagar Industries Q2 results: Net profit rises 57.2% to Rs 58.2 cr

Indian-Made Foreign Liquor (IMFL) manufacturer Tilaknagar Industries Ltd has reported a 57.2 per cent rise in its consolidated net profit to Rs 58.23 crore for the second quarter ended September 2024, supported by cost-optimisation initiatives and marketing strategy. The company had reported a net profit of Rs 37.04 crore a year ago, according to a regulatory filing from Tilaknagar Industries Ltd (TIL). Its revenue from operations rose 9.74 per cent to Rs 823.32 crore in the September quarter. It was Rs 750.18 crore in the year-ago period. "The growth in profitability to superior brand-mix as well as effective cost-optimisation initiatives. With the worst of the inflationary cycle over, the company anticipates further growth in profitability in the upcoming quarters," said TIL in its earnings statement. TIL, which owns brands such as Mansion House Brandy, Courrier Napoleon Brandy, Mansion House Gold Whisky and Blue Lagoon Gin, recorded a 7 per cent rise in its total expenses for th

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

Waaree Renewable Tech Q2 results: Net profit nearly triples to Rs 53 cr

Waaree Renewable Technologies Ltd's (WRTL) consolidated net profit nearly tripled to Rs 53.51 crore during the September quarter, backed by higher income. It had posted Rs 20.54 crore net profit for the same quarter a year ago, the company said in an exchange filing on Tuesday. Total income rose to Rs 527.86 crore from Rs 150.93 crore.

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