Page 55 - Q2 Results

Tamilnad Mercantile Bank Q2 results: Net profit rises 11% to Rs 303 cr

Total income grew 15 per cent to Rs 1,565 crore during the quarter under review, from Rs 1,365 crore during the July to September period last financial year

JSW Infra Q2 results: Net profit jumps 46% to Rs 371 cr, beats estimates

Sequentially, the company's net profit increased by 27.04 per cent, though revenue declined marginally by 0.83 per cent

Kalpataru Projects Int'l Q2 results: Net profit grows 40% to Rs 125.5 crore

Kalpataru Projects International Ltd (KPIL) on Monday reported about 40 per cent rise in consolidated net profit to Rs 125.56 crore in the September quarter aided by higher income. It had posted a net profit of Rs 89.89 crore in the July-September period of the preceding 2023-24 fiscal year, the company said in an exchange filing. Its total income rose to Rs 4,946.98 crore from Rs 4,530.49 crore in the year-ago period. The company's expenses were at Rs 4,758.96 crore as against Rs 4,398.06 in the same quarter of the previous fiscal year. During the quarter, the company signed binding agreements for the sale of Vindhyachal Expressway for enterprise value of Rs 775 crore. The deal is expected to close in FY26, subject to requisite approvals and closing adjustments. In the April-September period, the company posted a net profit of Rs 249 crore compared to Rs 239 crore in the year-ago period. The company's net debt stood at Rs 2,793 crore at the end of the second quarter. In a state

JBM Auto Q2FY25 results: Net profit increases 11.45% to Rs 49.15 cr

Automotive and EV firm JBM Auto Ltd on Monday reported an 11.45 per cent growth in net profit to Rs 49.15 crore in the September quarter over the same quarter last year. The company had posted a net profit of Rs 44.10 crore in the July-September period of FY 24. Net sales, including other operating income for the second quarter stood at Rs 1,285.98 crore compared to Rs 1,231 crore in Q2FY24, a year-on-year increase of 4.47 per cent, the company said. EBITDA (earnings before interest, taxes, depreciation and amortization) increased by 18.54 per cent at Rs 174.81 crore for the September quarter against Rs 147.47 crore in the corresponding quarter of Fy 24, JBM Auto said. The company said it delivered the highest ever Q2 sale in OEM business, adding that it also saw strong order book in OEM division and tool room division which will contribute in continuing the impetus growth of the company in FY25.

TV Today Network Q2 results: Net profit increases 17.8% to Rs 8.3 cr

TV Today Network Ltd on Monday reported a 17.8 per cent increase in consolidated net profit to Rs 8.27 crore for the September quarter. The company had reported a net profit of Rs 7.02 crore in the July-September period a year ago, TV Today Network said in a regulatory filing. However, its revenue from operations was down 3.31 per cent to Rs 206.77 crore during the second quarter of the ongoing fiscal year. It was at Rs 213.86 crore in the corresponding quarter of the previous fiscal year. Its revenue from television and other media operations was Rs 202.85 crore and Rs 3.92 crore from radio broadcasting. TV Today Network's total expenses were at Rs 207.91 crore, down 2.47 per cent in the July-September period. Total income of the company, which includes other income, was at Rs 219.37 crore, down 1.68 per cent during the quarter under review. Shares of TV Today Network Ltd on Monday settled at Rs 192.75 on the BSE, down 6.75 per cent from the previous close.

Suzlon Q2 results: Net profit jumps to Rs 201 cr, income at Rs 2,121 cr

Renewable energy solutions provider Suzlon's consolidated net profit almost doubled to Rs 201 crore in the September quarter compared to the year-ago period. The company reported a consolidated net profit of Rs 102 crore in the quarter ended on September 30, 2023, a statement said. Total income rose to Rs 2,121.23 crore in the second quarter of 2024-25 from Rs 1,428.69 crore in the same period a year ago. Girish Tanti, Vice Chairman, Suzlon Group, said, "Our core business is now on solid foundation to capitalise on the market momentum." Himanshu Mody, Chief Financial Officer of Suzlon Group, said, "In a relatively challenging environment due to prolonged heavy monsoons, we have been able to deliver consistent growth with robust margins and 96 per cent YoY profit. We are making long-term investments by implementing a slew of strategic measures to enhance our organisational capabilities and grow the business sustainably. This strategy will also help us in driving our competitiveness

Tata Technologies Q2 results: PAT falls 2% to Rs 157 cr as EV demand slows

Its consolidated profit after tax dropped 2 per cent to Rs 157 crore in the July-September quarter. However, this was also its slowest decline in the three quarters when profits have fallen

Indian Bank Q2FY25 results: Net profit rises 36% to Rs 2,707 crore

The net interest margin (NIM) declined by seven basis points (bps) to 3.39 per cent in Q2FY25 compared to 3.46 per cent in Q2FY24

JSW Infra Q2 results: Net profit up 46% at Rs 372 cr on strong cargo growth

The company, India's second-biggest private port operator, reported consolidated net profit of 3.72 billion rupees ($44.3 million) in second quarter ended Sept. 30, up by 46% on-year

Gillette India Q1 results: PAT jumps 44% to Rs 133 cr on strong demand

Gillette India, known for its razors and shaving creams, posted a profit of Rs 133 crore ($15.8 million) for the quarter ended Sept. 30, compared with Rs 92.69 crore rupees a year earlier

Shakti Pumps Q2 results: Net profit increases multi-fold to Rs 101 crore

Shakti Pumps (India) Ltd (SPIL) has reported a multifold jump in consolidated profit after tax in the quarter ended September to Rs 101.4 crore, on account of a surge in revenues. It had posted Rs 6 crore profit after tax (PAT) in the July-September quarter of the preceding 2023-24 fiscal, the company said in statement issued on Monday. During the second quarter, the company's revenue from operations also rose four-fold to Rs 634.6 crore, from Rs 152.8 crore a year ago. In April-September, the PAT was at Rs 194.1 crore, up from Rs 6.9 crore in the first half of the last financial year. While revenues rose to Rs 1,202.2 crore in the first half from Rs 265.8 crore in the six month period of FY24. The company had an outstanding order book of around Rs 1,800 crore as on September 30, 2024. "We announce another exceptional quarter for our company, showcasing significant revenue expansion and a marked increase in profitability. "These achievements are a direct result of faster executi

IOC Q2 results: PAT falls 98% to Rs 180 cr on fall in refining, fuel margin

State-owned Indian Oil Corporation Ltd (IOC) on Monday reported a massive 98.6 per cent drop in net profit in the September quarter, as refinery margins fell and marketing margins shrunk. The company posted a standalone net profit of Rs 180.01 crore in the July-September period -- the second quarter of the current 2024-25 fiscal year -- compared with a profit of Rs 12,967.32 crore a year back, according to a stock exchange filing by the company. The profit also declined sequentially, when compared to an earning of Rs 2,643.18 crore in the April-June period. While refinery margins fell, the company also booked under-recoveries on selling domestic cooking gas LPG at government-controlled cost, which was lower than the cost. For the six months ended September 30, IOC had an under-recovery on LPG of Rs 8,870.11 crore, the filing showed. It earned USD 4.08 on turning crude oil into fuels like petrol and diesel as compared to gross refining margin of USD 13.12 per barrel last year. Pre

Adani Power Q2 results: Net profit declines 50% to Rs 3,297.52 crore

Adani Power on Monday reported a 50 per cent decline in its consolidated net profit to Rs 3,297.52 crore in the September quarter compared to a year ago, mainly due to lower income as well as higher taxes. The company had posted a consolidated net profit of Rs 6,594.17 crore in the quarter ended September 2023, a BSE filing stated. The company explained that there were lower one-time revenue recognition of prior period items of Rs 1,020 crore in the first half of FY25 (April-September 2024) as compared to Rs 9,278 crore in H1 FY24, following the resolution of all major regulatory matters and realisation of outstanding dues from discoms (power distribution companies) in the previous year. It also stated that the one-time prior period revenue recognition in Q2 FY25 (July-September 2024) was Rs 598 crore, as compared to Rs 2,781 crore in Q2 FY24. The company had higher tax expenses, including deferred tax charge totalling to Rs 1,829 crore in H1 FY25, whereas H1 FY24 had recognition o

Ajmera Realty Q2 results: Net profit increases 57% to Rs 35.35 crore

Ajmera Realty & Infra India Limited on Monday reported a 57 per cent increase in its consolidated net profit to Rs 35.35 crore in the September quarter. Its net profit stood at Rs 22.53 crore in the year-ago period. Total income rose to Rs 204.12 crore in the second quarter of the current fiscal from Rs 147.59 crore in the corresponding period a year ago, according to a regulatory filing. The company has raised Rs 225 crore from investors on preferential allotment basis. Mumbai-based Ajmera Realty & Infra India is one of the leading real estate firms in the country.

Bharti Airtel Q2FY25 results: Net profit jumps 168% to Rs 3,593 cr

India's No.2 wireless carrier's consolidated net profit jumped 168 per cent to Rs 3,593 crore ($427.49 million) in the July-September quarter

BHEL Q2 results: Net profit jumps to Rs 106 cr on higher revenues

State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Monday posted a consolidated net profit of Rs 106.15 crore in September quarter mainly on the back of higher revenues. The company had reported a consolidated net loss of Rs 63.01 crore in the quarter ended on September 30, 2023, a BSE filing showed. According to the filing, BHEL had reported a loss of Rs 211.40 crore in the quarter ended June 30, 2024. Total income in the second quarter rose to Rs 6,695.37 crore in the period under review, from Rs 5,305.38 crore in the same period a year ago.

Welspun Living Q2FY25 results: Net profit increases to Rs 202.4 cr

Home textiles major Welspun Living Ltd on Monday reported a marginal increase in consolidated net profit at Rs 202.4 crore in the second quarter ended September 30, 2024. The company had posted a consolidated net profit of Rs 200.41 crore in the corresponding quarter last fiscal, Welspun Living Ltd said in a regulatory filing. Consolidated revenue from operations stood at Rs 2,873.09 crore, as against Rs 2,509.08 crore in the year-ago quarter, it added. Total expenses in the second quarter were higher at Rs 2,655.87 crore, as compared to Rs 2,283.42 crore in the same quarter a year ago, the company said. Welspun Group Chairman BK Goenka said Welspun Living posted its highest-ever consolidated quarterly revenues in Q2FY25, growing by 15.5 per cent amid relatively adverse global conditions owing to Red Sea challenges. "Emerging businesses of global brands, domestic consumer, advanced textile and flooring are continuing to flourish from strength to strength and grew 22 per cent in ..

Indian Bank Q2FY25 results: Net profit increases 36% to Rs 2,707 cr

State-owned Indian Bank on Monday reported 36 per cent increase in profit at Rs 2,707 crore for the second quarter ended September 2024. The Chennai-based lender had earned a net profit of Rs 1,988 crore in the same quarter a year ago. Total income increased to Rs 17,770 crore during the quarter under review from Rs 15,736 crore in the same period last year, Indian Bank said in a regulatory filing. The bank reported interest income of Rs 15,348 crore during the quarter compared to Rs 13,743 crore in the same period a year ago. Net Interest Income (NII) improved to Rs 6,194 crore, from Rs 5,741 crore in the second quarter of previous year, registering an increase of 8 per cent. As regards asset quality, the bank witnessed improvement with gross Non-Performing Assets (NPAs) declining to 3.48 per cent of gross loans by the end of September 2024 from 4.97 per cent a year ago. Similarly, net NPAs or bad loans moderated to 0.27 per cent from 0.60 per cent at the end of the second quart

Sun Pharma Q2FY25 results: Net profit rises 28% to Rs 3,040 crore

Sun Pharmaceutical Industries on Monday reported a 28 per cent increase in its consolidated net profit to Rs 3,040 crore in the September quarter. The drug major had posted a net profit of Rs 2,375 crore in the July-September quarter of last fiscal. Total income rose to Rs 13,645 crore in the second quarter compared to Rs 12,486 crore in the year-ago period, the Mumbai-based drug major said in a regulatory filing. "Sun has recently strengthened its specialty pipeline through an agreement with Philogen for commercialising late stage candidate Fibromun, upon approval," Dilip Shanghvi, Chairman and Managing Director of the company, said. With Fibromun, the company's product basket for dermatologists has expanded further, he added. "We shall continue to leverage our strong cash position to strengthen our pipeline with products that are close to market," Shanghvi said. Shares of the company were trading 2.22 per cent higher at Rs 1,901.55 apiece on the BSE.

PNB Q2 results: PAT jumps to Rs 4,306 cr, total income at Rs 34,447 cr

Punjab National Bank (PNB) on Monday reported more than two-fold jump in its profit at Rs 4,306 crore in the second quarter ended September 2024. The state-owned lender had earned a net profit of Rs 1,756 crore in the same quarter in the previous financial year. Total income increased to Rs 34,447 crore during the quarter under review against Rs 29,383 crore in the same quarter last year, PNB said in a regulatory filing. The bank reported an interest income of Rs 29,875 crore during the quarter, higher than Rs 26,355 crore in the same period a year ago. As regards asset quality, the bank witnessed improvement with gross Non-Performing Assets (NPAs) declining to 4.48 per cent of the gross loans by the end of September 2024 from 6.96 per cent a year ago. Similarly, net NPAs or bad loans moderated to 0.46 per cent from 1.47 per cent at the end of the second quarter of the previous fiscal. On a consolidated basis, the bank's profit more than doubled to Rs 4,714 crore as against Rs 1,