Page 59 - Q2 Results

United Breweries Q2 results: Net profit increases 23% to Rs 132 cr

The brewer, which is majority-owned by Netherlands-based Heineken, reported a 13 per cent rise in quarterly revenue to Rs 4,742 crore

Indian Energy Exchange Q2 results: Net profit rises 25% to Rs 108.32 cr

Indian Energy Exchange (IEX) on Thursday posted over 25 per cent rise in consolidated net profit at Rs 108.32 crore for the quarter ended September 30, 2024 compared to the year-ago period mainly due to higher revenues. The company had reported a consolidated net profit of Rs 86.46 crore in the quarter ended on September 30, 2023, a regulatory filing showed. Total income rose to Rs 167.76 crore in the quarter in the quarter under review, from Rs 132.97 crore in the same period a year ago.

Adani Total Gas Q2FY25 results: Net profit rises 7% to Rs 185 crore

In the past three-month period, ATGL said it had commissioned its first LNG retail station for transport vehicles

Ramkrishna Forgings Q2 results: PAT grows to Rs 183 cr, income at Rs 952 cr

Ramkrishna Forgings on Thursday reported an over two-fold jump in its profit after tax to Rs 183 crore during the September quarter, on higher income. It posted Rs 80 crore Profit After Tax (PAT) 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 952.43 crore from Rs 867.97 crore in the year-ago period. In a separate statement, the company said its board has also approved the first interim dividend of Re 1 per equity share for the FY25. During the quarter, Ramkrishna Forgings signed a share purchase agreement to sell its 100 per cent stake in its wholly-owned subsidiary, Globe All India Services to Yatra Online, for a cash consideration of Rs 128 crore (net of debt). In the September quarter, the board also approved the establishment of an Aluminium Forging Facility in Jamshedpur. It has sanctioned an investment of Rs 57.5 crore for the facility, which will primarily serve the electric vehicle

CSB Bank Q2 results: PAT rises 4% to Rs 138 cr, income at Rs 1,064 cr

CSB Bank on Thursday reported a marginal 4 per cent rise in net profit to Rs 138 crore for the quarter ended September 2024. The Kerala-based lender had earned a net profit of Rs 133 crore in the year-ago period. Its total income rose to Rs 1,064 crore in the quarter under review from Rs 830 crore in the year-ago period, CSB Bank said in a regulatory filing. Its net interest income improved to Rs 367 crore in the July-September quarter from Rs 344 crore in the September quarter of 2023, registering a growth of 7 per cent. Asset quality of the bank deteriorated, with gross non-performing assets (NPAs) rising to 1.68 per cent of gross advances at the end of the September 2024 quarter against 1.27 per cent a year ago. The net NPAs or bad loans also rose to 0.69 per cent against 0.33 per cent in the year-ago period. Its capital adequacy ratio of the bank decreased to 22.74 per cent from 23.98 per cent at the end of September 2023.

Embassy Reit Q2 revenue jumps 12% to Rs 997 crore, beats estimates

The total comprehensive income attributable to the unitholders stood at Rs 1,530.4 crore in comparison with the income of Rs 216.7 crore in Q2 FY24

Ujjivan Small Finance Bank Q2 results: Net profit falls 29% to Rs 233 cr

Ujjivan Small Finance Bank on Thursday reported a 29 per cent decline in net profit to Rs 233 crore for the quarter ended September 2024. The lender earned a net profit of Rs 328 crore in the year-ago period. However, total income rose to Rs 1,820 crore in the quarter under review from Rs 1,580 crore in the same period a year ago, Ujjivan Small Finance Bank said in a regulatory filing. Net interest income of the bank improved to Rs 1,613 crore in the July-September quarter from Rs 1,391 crore in the September 2023 quarter. The bank's asset quality deteriorated with gross non-performing assets (NPAs) rising to 2.52 per cent of gross advances at the end of the September 2024 quarter over 2.35 per cent a year ago. However, net NPAs or bad loans declined to 0.56 per cent against 0.89 per cent in the year-ago period. The Capital Adequacy Ratio of the bank decreased to 23.38 per cent from 25.19 per cent at the end of September 2023.

Adani Total Gas Q2FY25 results: Net profit jumps 7.5% to Rs 187 cr

The company, part of the ports-to-power Adani conglomerate, said its consolidated profit grew 7.5 per cent to Rs 187 crore in the three months ended Sept. 30

IndusInd Bank Q2FY25 results: Net profit falls 39% to Rs 1,325 cr

The private lender posted a net profit of Rs 1,325 crore ($157.7 million) for the three months ended Sept. 30, compared to Rs 2,181 crore a year earlier

LT Foods Q2 results: PAT drops 4.9% to Rs 148 cr, revenue at Rs 2,108 cr

The company reported a 8.4 per cent rise in its overall expenses, propelled by a 32.2 per cent rise in cost of its raw materials

Adani Wilmar Q2 results: Net profit rises to Rs 311 cr on higher revenue

Edible oil firm Adani Wilmar Ltd on Thursday reported a consolidated net profit of Rs 311.02 crore for the second quarter of this fiscal year on higher income. The company had posted a net loss of Rs 130.73 crore in the year-ago period. Its total income rose to Rs 14,565.30 crore during the July-September period of this fiscal from Rs 12,331.20 crore in the year-ago period, according to a regulatory filing. Adani Wilmar is a joint venture between Adani Group and Singapore-based Wilmar. Adani Wilmar sells edible oils and other food items under various brands, including Fortune.

UltraTech Cement rallies 3% in range-bound market on strong outlook

The management believe that new infrastructure project orders will start gaining momentum, although it has been a subdued start from Q1 and during the reported quarter.

Acquisition of railway biz of Escorts Kubota, healthy Q2 lift Sona BLW 11%

The surge in Sona BLW share price came on the back of acquisition of the railway business division of Escorts Kubota Limited (EKL), coupled with a healthy Q2FY25 results

Piramal Pharma Q2FY25 results: Net profit jumps over 4-fold to Rs 23 crore

Piramal Pharma on Thursday reported over four-fold increase in consolidated net profit at Rs 23 crore for the second quarter ended September. The Mumbai-based company had reported a net profit of Rs 5 crore in the July-September quarter of last fiscal. Revenue from operations rose to Rs 2,242 crore in the second quarter as compared with Rs 1,911 crore in the year-ago period, Piramal Pharma said in a statement. "We continue our momentum of delivering healthy revenue growth accompanied by YoY EBITDA margin expansion. This has been primarily driven by consistent growth in our CDMO business which has witnessed a good pick-up in innovation-related work and on-patent commercial revenues," Piramal Pharma Chairperson Nandini Piramal said. To sustain this growth momentum and to capitalise on rising demand for sterile fill-finish capabilities, the company has announced a USD 80 million expansion plan at the Lexington facility which is expected to be completed by the FY27 end, she added. "In

HUL share price slips 7% post Q2 results; Should you buy, sell or hold?

Hindustan Unilever (HUL) reported a net profit of Rs 2,591 crore as compared to Rs 2,668 crore which translates to a decline of 2.8 per cent

CARE Ratings surges 13%, hits over 6-year high on healthy Q2 results

Thus far in the month of October 2024, CARE Ratings has outperformed the market by surging 32%, compared to the 5% decline in the BSE Sensex during the period

Q2 results today: ITC and Adani Wilmar among 114 firms to post earnings

Q2FY25 company results: Godrej Consumer Products, PNB Housing Finance, Adani Gas, Bikaji, IndusInd Bank, Vadilal, and more to report second quarter earnings on October 24

ICICI Bank Q2 results preview: Analysts peg net profit growth at 7% YoY

ICICI Bank Q2 results preview: ICICI Bank is scheduled to report its July-September quarter (Q2) results on Saturday, October 26, 2024

Market Today: ITC Q2, FII selling, Waaree, Deepak Builders IPO allotment

Investors will closely monitor quarterly earnings reports alongside manufacturing, composite, and services data for October

Hindustan Unilever Q2 results: Net profit down 2.4%, volume growth at 3%

The FMCG major's revenue increased by 1.9 per cent year-on-year (Y-o-Y) to Rs 15,926 crore