Page 50 - Q2 Results

Raymond Q2 results: Net profit falls 63% to Rs 59 cr, income at Rs 1,100 cr

Raymond Ltd, which is into real estate and engineering business, on Monday reported a 63 per cent decline in consolidated net profit to Rs 59.01 crore in the second quarter of this fiscal. Its net profit stood at Rs 161.16 crore in the year-ago period. Total income rose to Rs 1,100.70 crore during July-September period of this fiscal from Rs 512.35 crore in the corresponding period of the previous year, according to a regulatory filing. Gautam Hari Singhania, Chairman & Managing Director, Raymond Ltd, said, "We witnessed good momentum both in real estate and engineering businesses." "With the launch of Park Avenue- High Street Reimagined, the first of its kind retail space in Thane, Raymond Realty has taken yet another pioneering step to create the aspirational ecosystem for its current and upcoming residential projects. The project execution remains our USP as our endeavor is to continue to deliver before RERA timelines," he added.

Bata India Q2 result: Profit up 53% to Rs 52 cr, revenue rises to Rs 837 cr

Leading shoemaker Bata India Ltd on Monday reported 53 per cent rise in consolidated net profit at Rs 51.97 crore for the second quarter ended September 2024. It had posted a net profit of Rs 33.99 crore for July-September FY24, according to a regulatory filing from Bata India. Revenue from operations was up 2.2 per cent to Rs 837.14 crore during the quarter under review. Total expenses in September quarter was at Rs 784.55 crore, up 5 per cent year-on-year. Total income, which includes other income, was up 2.36 per cent to Rs 854.32 crore. Shares of Bata India Ltd on Monday settled at Rs 1,336.90 apiece on BSE, down 1.47 per cent.

ABB India Sept quarter results: Net profit increases 21% to Rs 440 crore

ABB India on Monday reported over 21 per cent rise in profit after tax at Rs 440 crore for the third quarter ended September 30, pushed by higher income. It had posted Rs 362 core profit after tax (PAT) in July-September period a year ago, the company said in an exchange filing The company follows January to December as financial year. Total income increased to Rs 3,005.05 crore from Rs 2,846.01 crore in the year-ago period. "We have delivered another quarter of consistent performance, creating balanced and profitable growth for our stakeholders and deepening engagement with our customers. The quarter was marked by record levels of backlog complemented by a strong book to bill and cash," the company's Managing Director, Sanjeev Sharma said in a statement. The large orders emerged from diverse sectors like transportation, metals, and even new ones like data centers. This provides each division the flexibility to leverage opportunities as per their business cycles and bandwidth and

NSE Q2 results: Net profit soars 57% to Rs 3,137 cr, income at Rs 5,023 cr

The National Stock Exchange (NSE) on Monday reported a 57 per cent year-on-year surge in consolidated net profit to Rs 3,137 crore for the September quarter. The exchange posted a total income of Rs 5,023 crore during the July-September period of the current financial year (FY25), up 25 per cent on a year-on-year basis. Apart from trading revenue, the revenue from operations was also supported by other revenue lines, which mainly include clearing services, data centre & connectivity charges, listing services, index services, and data services, the exchange said in a statement. Its earnings per share (non-annualised) increased to Rs 12.68 in the second quarter of the ongoing fiscal year from Rs 8.08 a year ago, after considering the issuance of bonus equity shares in the ratio of 4:1. For the half-year ended September 30, 2024, the NSE reported a total income of Rs 9,974 crore with net profit of Rs 5,704 crore. The exchange contributed Rs 30,130 crore to the exchequer in the first

Demand for design professionals in semiconductor GCCs dips in Q2: Report

Demand for design professionals in semiconductor global capability centres dropped by 7 per cent sequentially during the July-September quarter of 2024-25, driven by global macroeconomic challenges and the cautious hiring sentiments of large corporations, a report said on Monday. Semiconductor design global capability centres (GCC) account for approximately 4 per cent of India's total GCCs, with a growth rate of about 7 per cent in the last two decades. Talent solutions provider Careernet's report revealed that semiconductor GCCs saw a 7 per cent decline in open job positions in the second quarter of this financial year. "The overall dip in demand in the second quarter indicates a temporary slowdown, however, there is the continued need for skilled talent in the sector. "Government policies, such as the India Semiconductor Mission and Production Linked Incentive (PLI) schemes, are further accelerating growth, attracting investments, and ensuring that the country's semiconductor des

Tube Investments Q2 results: Net profit down 13.6% at Rs 299.17 crore

Murugappa group firm Tube Investments of India Ltd on Monday reported a 13.6 per cent decline in consolidated net profit at Rs 299.17 crore in the September 2024 quarter, hit by higher expenses. The company posted a consolidated net profit of Rs 346.19 crore in the same quarter last fiscal, Tube Investments of India Ltd (TIIL) said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 4,782.51 crore compared to Rs 4,169.26 crore in the year-ago period, it added. Total expenses in the second quarter were higher at Rs 4,569.19 crore against Rs 3,868.46 crore a year ago. On a standalone basis, revenue in Q2 stood at Rs 2,065 crore from Rs 1,970 crore in the same period of the previous year, it said. In the second quarter, the engineering division clocked a revenue of Rs 1,323 crore compared to Rs 1,274 crore in the corresponding period in the preceding fiscal. Metal-formed products revenue was higher at Rs 404 crore, up from Rs 400 cror

Hatsun Agro down 3% after posting 17% fall in net profit in Q2 to Rs 64-cr

As per the company filing, Hatsun Agro expenses also increased 9.5 per cent to Rs 1,991.22 crore as compared to Rs 1,818.26 crore a year ago

PB Fintech's PAT likely to rise 110% QoQ, margins to improve, say analysts

Analysts and investors will keep an eye on management's commentary around recent decisions to foray into healthcare

Tata Steel Q2 preview: Steel giant may post net loss of up to Rs 153 crore

Domestic brokerages anticipate a challenging quarter for Tata Steel marked by lower steel realisations and regional pricing pressures

Q2 results: IRCTC, IRFC and Raymond among 47 to post earnings on Nov 4

Q2FY25 results Nov 4: Patanjali Foods and Colgate-Palmolive announce dividend payouts

Dr Reddy's Labs Q2 Preview: Profits may decline 7%, revenues to rise 12%

Analysts expect Dr Reddy's Labs to report a single digit fall in profits with a double digit revenue growth

Falling asset quality, credit costs weigh on major NBFCs in Q2FY25

Driven by cash flow disruptions, challenges seen in unsecured segments

Low demand, intense competition in Q2: Top cement cos grow, others tumble

UltraTech, Dalmia, and Ambuja Cements are the only companies that reported growth in volumes compared to a year ago

After strong Q2, execution is key for further gains in Tata Power

The stock market reacted positively to the results and analysts are generally positive with valuation targets indicating a 15-20 per cent upside

Traditional advertising spends lags in Q2 as spenders turn tight fisted

However, festive season spurs demand as advertisers are back

Piramal Pharma stock hits new, soars 25% in 6 days on strong Q2 results

Over the long term, the management remains committed to achieving the company's financial goals of $2 billion revenue with 25 per cent EBITDA margin and 1x net debt / EBITDA by FY30.

Cube Highways: Rs 1,164.3 cr profit in H1FY25, Q2 distribution declared

Cube Highways Trust has declared distribution of Rs 2 per ordinary unit for Q2FY25

Nifty IT down over 3%: Why have IT stocks slipped in trade today?

Meta Platforms warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings report on Wednesday

Here's why Cipla share price zoomed 10% on October 31; check details

The uptick in Cipla share price came after the United States Food and Drug Administration (USFDA) on Wednesday classified Goa facility as Voluntary Action Indicated (VAI)

From Reliance to Unilever, firms worried about low consumer demand in India

At least 7 of India's largest companies, including RIL's retail arm and consumer bellwether Hindustan Unilever Ltd., have flagged softer consumption demand and a challenging operating environment