Page 49 - Q2 Results

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

Mankind Pharma Q2 results: PAT rises 29% to Rs 659 crore, revenue up 14%

Mankind's revenue from operations rose to Rs 3,077 crore in Q2 FY25, a 13.6 per cent Y-o-Y rise from Rs 2,708 crore reported in Q2 FY24

Oil India Q2 results: Net profit rises multi-fold to Rs 2,016 crore

Company's board approves three joint ventures, announces Rs 3 interim dividend

Gail Q2 results: Consolidated net profit up 10.2% at Rs 2,693 crore

The latest rise in net profits was driven by higher earnings from various segments

Berger Paints Q2 results: PAT declines 7.5% to Rs 270 cr on weak demand

The company's consolidated net profit fell 7.5% to Rs 270 crore (about $32 million) in the July-September quarter, lower than analysts' estimate of Rs 284 crore, per data compiled by LSEG

Rane Holdings Q2FY25 results: Net profit increases to Rs 185.4 cr

Rane Holdings Ltd has recorded a consolidated profit after tax of Rs 185.4 crore during the July-September 2024 quarter, attributed to exceptional items, the company said on Tuesday. The holding company of the city-based diversified conglomerate Rane Group had registered a profit after tax of Rs 51.1 crore during the corresponding quarter of last year. For the six-month period ending September 30, 2024, the consolidated PAT grew to Rs 204.9 crore, compared to Rs 63.2 crore registered a year ago. In a statement on Tuesday, the company noted that the numbers for the second quarter and half-year period ending September 30, 2024, are not comparable with last year, due to the divestment of the LMCA business (Rane Light Metal Casting Inc., United States of America) and the acquisition of Rane Steering Systems Pvt Ltd from Japan-based NSK Ltd during the quarter. Total revenues during the July-September 2024 quarter stood at Rs 920 crore, compared to Rs 930.5 crore during the corresponding

Aptus Value Housing Q2 results: PAT up at Rs 182 cr on stable asset quality

Housing finance company Aptus Value Housing Finance India Ltd on Tuesday reported profits for the July-September 2024 period at Rs 181.96 crore supported by business growth and stable asset quality, the company said on Tuesday. The city-based company had registered profits of Rs 148.01 crore during the corresponding period of last year. For the half-year period ending September 30, 2024, the profits went up to Rs 353.71 crore, from Rs 290.27 crore registered in the year ago period. The total income during the quarter under review went up to Rs 435.54 crore, from Rs 345.66 crore registered during the corresponding period of last year. For the six month period ending September 30, 2024, the total income surged to Rs 840.17 crore, from Rs 661.03 crore registered in the year ago period. Commenting on the financial performance, company managing director P Balaji said, "we are happy to share that Aptus achieved strong results for the second quarter of FY25. The company posted a 22 per c

Titan Q2 results: Net profit down 23% at Rs 704 cr, sales up 25.8%

Total expenses of Titan increased 20.23 per cent to Rs 13,709 crore in the June quarter

SJVN Q2FY25 results: Net profit marginally increases to Rs 439.9 cr

State-owned SJVN on Tuesday said its consolidated net profit during the September quarter remained flat at Rs 439.90 crore. It had posted Rs 439.64 crore profit for the period ended September 2023, the company said in an exchange filing. The company's total income rose to Rs 1,108.43 crore from Rs 951.62 crore a year ago. Its expenses shot up to Rs 528.88 crore from Rs 398.22 crore in the year-ago period. Shimla-based SJVN is into hydro power projects.

Mankind Pharma Q2 results: Net profit rises to Rs 653 cr on higher demand

The company, which also makes Manforce condoms and Prega News pregnancy kits, said its consolidated net profit rose to RS 653 crore for the quarter ended Sep 30, a 30% climb from last year

JK Tyre Q2 results: Net profit falls 44% to Rs 135 cr on weak sales

(Reuters) - India's JK Tyre & Industries reported its first quarterly profit fall in two years on Tuesday, hurt by weak tyre sales to car, bus and truck makers.

Dr Reddy's Q2 results: PAT falls 9.5% to Rs 1,342 cr on weak US demand

The company reported a 9.5 per cent fall in its consolidated net profit

Sundaram Finance Q2FY25 results: Net profit falls to Rs 340.09 cr

Non-banking finance company Sundaram Finance Ltd has reported a profit after tax for the July-September 2024 quarter at Rs 340.09 crore, the company said on Tuesday. The city-headquartered company had registered a profit after tax of Rs 366.38 crore during the corresponding quarter of last year. For the six month period ending September 30, 2024 the profit after tax remained flat at Rs 647.74 crore as against Rs 647.66 crore registered in the year ago period. In a statement on Tuesday, the company said the team Sundaram Finance has delivered a balanced H1 FY25 despite lower than expected economic activity in the half year. "Assets under management grew by 20 per cent to Rs 48,058 crore compared to the prior year period (Rs 40,106 crore as on September 30, 2023). Net Stage 3 assets closed at 0.89 per cent and profit after tax for H1FY25 was at Rs 648 crore. Our group companies in asset management, general insurance and home finance have continued their trajectory from FY24 and recor

Gland Pharma soars 13% on better than expected Q2 performance

Despite increased EBITDA loss at Cenexi, the overall consolidated EBITDA margin was better-than-expected at 21.1%, led by better segmental mix and controlled operational cost for the quarter.

Q2 results today: Titan, Mazagon, and Dr Reddy's among 63 to post earnings

Q2 results today, November 5: GAIL India, Oil India, Merger Paints, Mankind Pharma, and Saregama will be releasing their earnings report for the July-September quarter on Nov 5

Market today: US elections, Q2 results, Sagility IPO opens, Jio eyes IPO

While the market closely eyes the US presidential elections, corporate earnings and macroeconomic data will also be on radar