Page 48 - Q2 Results

Power Grid Corp Q2 results: Net profit almost flat at Rs 3,793 cr

State-owned Power Grid Corporation of India (PGCIL) on Wednesday said its consolidated net profit stood almost flat at Rs 3,793.02 crore in the July-September quarter of this financial year. The company had reported a consolidated net profit of Rs 3,781.42 crore in the quarter ended on September 30, 2023, the company said in a regulatory filing. Total income of the company rose to Rs 11,845.93 crore in the quarter under review from Rs 11,530.43 crore in the same period a year ago. The board also approved payment of first interim dividend of Rs 4.50 per equity share of Rs 10 each for the financial year 2024-25. The board also approved the proposal to sell, assign, transfer 26 per cent residual equity shareholding in four associate companies -- POWERGRID Kala Amb Transmission, POWERGRID Parli Transmission, POWERGRID Warora Transmission and POWERGRID Jabalpur Transmission to POWERGRID Infrastructure Investment Trust (PGInvIT).

Tata Steel Q2 results: Net profit at Rs 833.45 crore due to lower expenses

T V Narendran, chief executive officer and managing director of Tata Steel, said the global operating environment remains complex, with key regions experiencing subdued growth

TeamLease Services Q2FY25 results: PAT falls 10.12% to Rs 24.85 cr

Staffing company TeamLease Services on Wednesday reported a 10.12 per cent decline in consolidated net profit to Rs 24.85 crore for the quarter ending September 2024. The company's net profit stood at Rs 27.65 crore during the corresponding period of the previous financial year, TeamLease Services said in a regulatory filing. Its revenue from operations rose 23 per cent to Rs 2,796.83 crore in the quarter under review compared to Rs 2,272.60 crore a year ago. "We have crossed 3.5 lakh billable headcount in our employment cluster owing to strong growth across sectors. Profit expansion is the key focus area this year, and we are confident of maintaining strong double-digit growth in the sequential profits. "Our planned investments in Hiretech and Hrtech solutions, through organic and inorganic routes, will give us enhanced capabilities in the coming quarters," TeamLease Services Managing Director Ashok Reddy said. The company's shares on Wednesday closed at Rs 2,841.35, up 5.36 per

KP Energy Q2FY25 results: Net profit grows three-fold to Rs 24.93 cr

KP Energy on Wednesday reported a three-fold rise in consolidated net profit to Rs 24.93 crore on the back of higher income. It had posted Rs 8.18 crore net profit for the period ended September 2023, the company said in an exchange filing. Its total income jumped to Rs 201.99 crore from Rs 71.48 crore in the July-September period of the preceding 2023-24 fiscal. The company's expenses increased to Rs 169.15 crore against Rs 59.41 crore a year ago.

Novelis Q2FY25 results: PAT falls 18% to $128 mn, net sales at $4,295 mn

Novelis Inc, the US-based aluminium producer and subsidiary of Hindalco Industries, on Wednesday reported an 18 per cent decline in net income to USD 128 million in the September quarter of 2024-25. The US-based company, which deals in aluminium rolled products, had reported a net income of USD 157 million in the same period of the last financial year, the company said in a filing to BSE. "Net income attributable to our common shareholder decreased 18% versus the prior year to USD 128 million in the second quarter of fiscal year 2025," the filing said. Net sales for the second quarter rose by 4.5 per cent to USD 4,295 million over USD 4,107 million in the year-ago period, mainly driven by higher average aluminium prices and a one per cent rise in total flat rolled product shipments to 945 kilotonnes. "Our global footprint allowed us to achieve record beverage packaging shipments in the quarter and also mitigate the impact to customers from the flooding-related outage at Sierre," St

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