Page 53 - Q2 Results

Voltas Q2 results: Net profit increases over two-fold to Rs 133 crore

Air-conditioning maker and engineering services provider Voltas Ltd on Tuesday reported more than two-fold jump in consolidated net profit to Rs 132.83 crore for the September quarter. The increase was led by a 56 per cent volume growth from its room AC business. It had posted a consolidated net profit of Rs 35.65 crore in the July-September period a year ago, the company said in a regulatory filing. Voltas' revenue from operations was up 14.23 per cent to Rs 2,619.11 crore during the quarter under review from Rs 2,292.75 crore in the year-ago period. Total expenses of Voltas increased 10.74 per cent to Rs 2,486.89 crore in the September quarter. Voltas' total income, which includes other income, was up 16.53 per cent in the September quarter to Rs 2,754.58 crore. Shares of Voltas Ltd on Tuesday settled at Rs 1,770.50 on the BSE, up 0.47 per cent from the previous close.

Anant Raj Q2 results: Net profit increases 76% to Rs 105.58 crore

Realty firm Anant Raj Ltd's consolidated net profit rose 76 per cent to Rs 105.58 crore in the second quarter of this fiscal and it plans to raise up to Rs 2,000 crore through the issue of securities to institutional investors. Its net profit stood at Rs 60.10 crore in the year-ago period. Total income rose to Rs 523.75 crore in the July-September period of this fiscal from Rs 340.83 crore in the corresponding period of the preceding year, according to a regulatory filing on Monday. The company's board approved the issuance of equity shares or other convertible securities by way of Qualified Institutions Placement (QIP) for an aggregate consideration not exceeding Rs 2,000 crore only. The board also approved the issue and allotment of fully convertible warrants, each carrying a right exercisable by the warrant holder to subscribe to one equity share of face value of Rs 2 each to the persons belonging to the promoter and promoter group on a preferential basis, aggregating up to Rs 1

Northern Arc Capital Q2 results: Net profit rises 24% to Rs 98 cr

NBFC firm Northern Arc Capital, which listed on the bourses last month, reported a 24 per cent increase in consolidated net profit to Rs 96 crore for the second quarter ended September 2024. The lender had earned a net profit of Rs 79 crore in the same quarter in the previous financial year. The total income increased to Rs 585 crore during the quarter under review against Rs 437 crore in the same quarter last year, Northern Arc Capital Ltd said in a regulatory filing. Its net interest income (NII) rose to Rs 288 crore compared to Rs 196 crore a year ago. On the asset quality front, the gross non-performing assets (NPAs) ratio stood at 0.60 per cent, while net NPA stood at 0.18 per cent as of September 30, 2024. During the quarter, the NBFC firm raised fresh equity capital of Rs 500 crore through an initial public offering. Capital Adequacy Ratio stood at 24.9 per cent at the end of the second quarter. Asset Under Management grew by 22 per cent to Rs 12,309 crore as of September

GlaxoSmithKline Pharma Q2 results: Net profit rises 16% to Rs 252 cr

GlaxoSmithKline Pharmaceuticals on Tuesday reported a 16 per cent year-on-year increase in its consolidated net profit to Rs 252 crore in the September quarter, aided by robust sales across segments. The drug maker posted a net profit of Rs 217 crore for the July-September quarter of last fiscal. Revenue from operations rose to Rs 1,010 crore for the September quarter compared with Rs 957 crore in the year-ago period, GlaxoSmithKline Pharmaceuticals said in a regulatory filing. The company said its board declared a special interim dividend of Rs 12 per equity share of face value of Rs 10 each. "As we mark our centenary year in India, we are happy to announce a special interim dividend to our shareholders. Our performance reflects our commitment to sustainable growth and innovation," GlaxoSmithKline Pharmaceuticals MD Bhushan Akshikar said. The drugmaker said its key brands held their market share and continued to stay in line with the respective category performance. Augmentin ..

Hudco Q2 results: PAT grows 52% to Rs 689 cr, income at Rs 2,526 cr

Housing and Urban Development Corporation Ltd (HUDCO) on Tuesday reported a 52 per cent increase in consolidated net profit to Rs 688.62 crore for the September quarter. Its net profit stood at Rs 451.65 crore in the year-ago period. The company's total income rose to Rs 2,526.14 crore in the second quarter of this fiscal year from Rs 1,880.85 crore in the corresponding period of the preceding year, according to a regulatory filing. Housing and Urban Development Corporation Ltd (HUDCO) is a premier techno-financing public sector enterprise, in the field of housing and infrastructure development.

Deepak Fertilisers Q2 results: Net profit soars over 3-fold to Rs 214 cr

Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) reported a more than three-fold surge in second-quarter profit at Rs 214.07 crore on Tuesday, driven by strong sales growth across its business segments. The fertiliser maker's consolidated net profit stood at Rs 63.45 crore in the same quarter in the previous fiscal year. Revenue from operations rose 12.7 per cent to Rs 2,753.59 crore, while total expenses increased 5.5 per cent to Rs 2,454.92 crore. Separately, the company said it has appointed Subhash Anand, currently serving as President (Strategy), as its new President and Chief Financial Officer effective December 1. Shares of DFPCL closed 11.1 per cent higher at Rs 1,256.05 apiece on the BSE.

Maruti Suzuki Q2FY25 results: Net profit falls 18% to Rs 3,102 cr

Maruti Suzuki India on Tuesday reported an 18 per cent year-on-year dip in consolidated net profit at Rs 3,102 crore for the second quarter ended September hit by the withdrawal of indexation benefit and change in the tax rate on long term capital gains on debt mutual funds. The country's largest carmaker had posted a net profit of Rs 3,786 crore in the July-September quarter of last fiscal. Total revenue from operations increased to Rs 37,449 crore for the second quarter as against Rs 37,339 crore in the year-ago period, Maruti Suzuki India (MSI) said in a regulatory filing. On a standalone basis, the company reported a net profit of Rs 3,069 crore for the September quarter, down 17 per cent as compared with Rs 3,716 crore in the same period last year. Net sales of the company stood at Rs 35,589 crore against Rs 35,535 crore in the same quarter last year. MSI said it sold a total of 5,41,550 vehicles during the July-September quarter, of which the domestic market volume stood at

Cipla Q2 results: Net profit up 17%, income from operations at Rs 7,051 cr

Drug major Cipla on Tuesday reported a 17 per cent increase in consolidated net profit to Rs 1,303 crore for the second quarter ended September 2024, driven by robust sales across markets. The company had reported a net profit of Rs 1,115 crore in the July-September quarter of the last fiscal. Its total income from operations rose to Rs 7,051 crore in the second quarter compared to Rs 6,490 crore in the year-ago period, Cipla said in a regulatory filing. "In Q2 FY25, we recorded a revenue growth of 9 per cent over the last year with a highest-ever EBITDA margin of 26.7 per cent driven by mix and other operational efficiencies," Cipla MD and Global CEO Umang Vohra said. The company's 'One-India' business was impacted during the quarter due to a changed seasonal pattern. However key chronic therapies in the branded prescription business continued to grow faster than the market, he added. The company's consumer health business grew at a strong 21 per cent year-on-year, Vohra said. "

L&T Q2 results preview: Profit may rise up to 19% YoY; margins could shrink

L&T Q2 results preview: The engineering, procurement and construction (EPC) major's core revenue is expected to have grown in Q2FY25 as its domestic execution normalises

Adani Enterprises Q2 results: Net profit increases to Rs 1,742 cr

The ports-to-power Adani Group's flagship firm has been expanding its new energy business, which includes solar manufacturing and wind turbine businesses

Indian Bank soars 17% in 2 days on healthy Q2 results; nears 52-week high

Motilal Oswal Financial Services reiterated its 'BUY' rating on Indian Bank with a revised target price of Rs 650 per share.

Maruti Suzuki shares drop 6% as Q2 nos miss estimates; profit down 17% YoY

The fall in Maruti Suzuki share price came after the company's Q2FY25 results fell short of estimates

Canara Bank Q2 result: Net profit rises 11% to Rs 4,015 cr; income rises

State-owned Canara Bank on Tuesday reported an 11 per cent rise in its net profit at Rs 4,015 crore in the second quarter ended September 2024. The Bengaluru-based lender had earned a net profit of Rs 3,606 crore in the same quarter in the previous financial year. Total income increased to Rs 34,721 crore during the quarter under review against Rs 31,472 crore in the same quarter last year, Canara Bank said in a regulatory filing. The bank reported an interest income of Rs 29,740 crore during the quarter, higher than Rs 26,838 crore in the same period a year ago. On the asset quality front, the bank witnessed improvement with gross Non-Performing Assets (NPAs) declining to 3.73 per cent of the gross loans by the end of September 2024 from 4.76 per cent a year ago. Similarly, net NPAs or bad loans moderated to 0.99 per cent from 1.41 per cent at the end of the second quarter of the previous fiscal. The Provisioning Coverage Ratio as of September 30, 2024 stood at 90.89 per ...

KFin Technologies jumps 5% as Q2 revenue climbs 34% YoY; details

The rise in the KFin Technologies share price came after the company announced a healthy set of September quarter of financial year 2025 (Q2FY25) results

Why Kalpataru Projects stock surged 5% after Q2FY25 results; check details

Shares of civil construction company Kalpataru Projects International surged 4.81 per cent at Rs 1,234.85 per share on the NSE

NTPC share gains 3% as Sebi okays NTPC Green Energy's Rs 10,000-cr IPO

The rise in NTPC share price came after the market regulator Securities and Exchnage Board of India (Sebi) approved NTPC Green Energy's initial public offering (IPO)

Cipla drops over 3% ahead of Q2FY25 results; know what analysts expect

Shares of Cipla dropped 3.55 per cent at Rs 1,450 per share on the BSE in Tuesday's intraday trade

Gillette India soars 11% after posting strong quarterly earnings in Q2

Shares of Gillette India soared up to 11.54 per cent at Rs 9,537.70 per share on the BSE in Tuesday's intraday trade

Q2 results today: Maruti, Cipla and Adani among 139 firms to post earnings

Q2FY25 company results: Adani Ports, Adani Enterprises, Canara Bank, Muthoot Capital, and SBI Cards and Payment Services will be releasing their second-quarter earnings report on October 29

Analysts offer mixed views on Sun Pharma's near term growth; revise target

Shares of Sun Pharmaceuticals, the biggest pharmaceutical company of India fell 1.71 per cent at Rs 1870 per share on the BSE after brokerages offered mixed reviews post Q2