Page 60 - Q2 Results

TVS Motor Company Q2 results: Net profit rises 45% to Rs 560.49 cr

The company's revenue from operations was seen up by 14 per cent to Rs 11,301.68 crore in Q2FY25, compared to Rs 9,932.82 crore during the same period of FY24

Piramal Enterprises Q2FY25 results: Net profit triples to Rs 163 cr

Non-bank lender Piramal Enterprises on Wednesday said its September quarter net profit tripled to Rs 163 crore on a low base, but flagged risks from the "precarious" credit environment. The city-headquartered entity had reported a profit of Rs 48 crore in the year-ago period, and Rs 181 crore in the preceding June quarter. Its core net interest income was up 17 per cent to Rs 881 crore, while recoveries of Rs 181 crore from alternate investment fund investments in the first half of the fiscal helped the other income grow by 56 per cent to Rs 257 crore. Net interest margin went up to 5.1 per cent from 4.7 per cent in the year-ago period on a shift in the loan base towards what the company defines as growth assets. Managing Director of Piramal Capital and Housing Finance Jairam Sridharan however said that chances of a further upside are slim, and the number may narrow as well in the future. Gross non performing assets ratio moved up to 3.1 per cent from 2.7 per cent, and Sridharan s

AU Small Finance Bank Q2 results: Net profit jumps 42% to Rs 571 cr

AU Small Finance Bank on Wednesday reported a 42 per cent rise in net profit at Rs 571 crore for the quarter ended September 30, 2024 on the back of improvement in interest income. The Jaipur-based lender had logged a net profit of Rs 402 crore in the year-ago period. Total income rose to Rs 4,549 crore in the quarter under review from Rs 2,957 crore in the same period a year ago, AU Small Finance Bank said in a regulatory filing. Net interest income of the bank improved to Rs 1,974 crore in the July-September quarter, from Rs 1,249 crore in the September quarter of 2023, registering a growth of 58 per cent. Net interest margin increased to 6.1 per cent from 5.5 per cent at the end of September 2023. However, asset quality of the bank deteriorated with gross non-performing assets (NPAs) rising to 1.98 per cent of gross advances at the end of the September quarter 2024, as against 1.91 per cent a year ago. Net NPAs or bad loans also rose to 0.75 per cent, as against 0.60 per cent

Birla Corp Q2 results: Net loss at Rs 25 cr, revenue falls to Rs 1,970 cr

M P Birla group flagship company Birla Corporation Ltd on Wednesday reported a Rs 25 crore loss in the second quarter ending September 2024 as against a net profit of Rs 58 crore in the year-ago period. Revenue of the cement maker during the July-September quarter decreased 14.8 per cent to Rs 1,970 crore from Rs 2,312 crore in the previous corresponding period. The company, in a statement, said that it posted a consolidated EBITDA of Rs 194 crore in the quarter under review as compared to Rs 316 crore in the same period last year. In the traditionally weak monsoon quarter, cement demand was sluggish and prices plummeted to record lows in all the key markets. The company achieved an overall capacity utilisation of close to 80 per cent, and around 90 per cent in core markets. The annual installed cement manufacturing capacity of the company is 20 million tonnes. On the outlook, the cement maker remains cautiously optimistic about the third quarter ending in December. The jute div

United Spirits Q2 results: Net profit marginally rises to Rs 341 crore

Alcoholic beverages maker United Spirits Ltd on Wednesday reported a marginal increase in consolidated net profit at Rs 341 crore in the second quarter ended September 30, 2024 impacted by a softer-than-expected demand environment. The company had posted a consolidated net profit of Rs 339 crore in the same quarter of the last fiscal, United Spirits Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 6,672 crore, as against Rs 6,737 crore in the year-ago period, the company said. Total expenses were lower at Rs 6,264 crore in the July-September quarter, as compared to Rs 6,362 crore in the second quarter of the previous fiscal, it added. "It is a muted quarter amidst a softer-than-expected demand environment," United Spirits CEO & Managing Director Hina Nagarajan said. She, however, said the company remains buoyant entering the festive season on the back of structural tailwinds including the reopening of the business in the

Birlasoft Q2 results: PAT declines 12% to Rs 127.5 cr, revenue up 4%

IT services and solutions provider Birlasoft on Wednesday reported a 12.06 per cent year-on-year decline in consolidated net profit to Rs 127.5 crore for the quarter ended September 30, 2024. It had reported a net profit of Rs 145 crore in the year-ago period, according to a stock exchange filing. On a quarter-on-quarter basis, profits fell 15.11 per cent from Rs 150.2 crore in the April-June period. Revenue for the reporting quarter came in at Rs 1,368.2 crore, an uptick of 4.45 per cent from Rs 1,309.8 crore in Q2 FY24. Revenues rose 3.07 per cent sequentially. "This (revenue growth) was driven by ramp-ups in some projects that were earlier delayed, better account mining and incremental business from consolidation deals where we have gained wallet share. "The investments that we have been making to enhance our tech and domain capabilities as well as partnerships, which we believe is key for future growth, have already begun to see some early results reflected in a noticeable ...

Birla Corporation Q2 results: Firm reports net loss of Rs 25.19 crore

The company attributed the loss to sluggish cement demand during the traditionally weak monsoon quarter, with prices plummeting to record lows in all key markets

IIFL Finance Q2 results: Firm incurs consolidated net loss of Rs 93.07 cr

Makes Rs 586.5 crore provision for AIF investments

Pidilite Industries Q2 results: Net profit rises 17.8% to Rs 540.3 crore

Pidilite Industries Ltd on Wednesday reported an increase of 17.83 per cent in consolidated net profit at Rs 540.30 crore for the second quarter ended September 30, 2024 helped by benign input prices and volume growth. The company, which manufactures adhesives, sealants and construction chemicals, had logged a profit of Rs 458.53 crore in the July-September period a year ago, the company said in a regulatory filing. Its revenue from operations was up 5.16 per cent at Rs 3,234.91 crore during the quarter under review. It was at Rs 3,076.04 crore in the corresponding quarter a year ago. Pidilite Industries' total expenses was at Rs 2,565.71 crore, up 3.26 per cent in the September quarter. Total income of Pidilite Industries, which includes other income, was up 5.93 per cent to Rs 3,292.03 crore. The current quarter's revenue growth is aided by a UVG (Underlying Volume Growth) of 8 per cent, said Pidilite Industries in its earnings statement. "Input prices remained benign, resultin

Bajaj Finserv Q2FY25 results: Net profit increases 8% to Rs 2,087 cr

Bajaj Finserv on Wednesday reported an 8 per cent rise in its consolidated net profit to Rs 2,087 crore for the second quarter ended September 30. The company had posted a profit of Rs 1,929 crore in the July-September quarter a year ago. The total consolidated income increased to Rs 33,704 crore during the quarter against Rs 26,023 crore in the same period a year earlier, Bajaj Finserv said in a regulatory filing. The Pune-headquartered company's total expenditure rose to Rs 27,741 crore compared to Rs 20,731 crore in the year-ago period. Bajaj Finserv Asset Management recorded assets under management (AUM) of Rs 16,293 crore as on September 30, 2024. Its subsidiary Bajaj Allianz General Insurance Company Ltd reported a profit of Rs 494 crore from Rs 468 crore in Q2 FY24, an increase of 6 per cent. Another subsidiary Bajaj Allianz Life Insurance Company Ltd posted shareholders' profit after tax at Rs 148 crore down from Rs 193 crore in Q2 FY24 due to new business strain, higher

Sona Comstar Q2 results: Net profit increases 16% to Rs 143.57 crore

Auto components maker Sona BLW Precision Forgings (Sona Comstar) on Wednesday reported a 16 per cent year-on-year growth in consolidated Profit After Tax (PAT) at Rs 143.57-crore for the quarter ended September 30, 2024. The company had posted a net profit of Rs 124.06 crore in the second quarter of FY24, according to a regulatory filing. Revenue from operations for the quarter under review was Rs 922.18 crore, up 17 per cent from Rs 787.46 crore during Q2FY23, as per the filing. Revenue share from Battery Electric Vehicles (BEV) stood at 36 per cent, while the BEV revenue grew 53 per cent year-on-year during the July-September period of the current fiscal, it said. It also said that the net order book stood at Rs 23,100 crore as of September 30, 2024. "We have continued to progress on all our key strategic priorities," said Vivek Vikram Singh, Managing Director and Group CEO at Sona BLW Precision Forgings. Sona Comstar also announced a signing pact with Escorts Kubota Ltd (EKL)

Godrej Properties Q2 results: Profit zooms fivefold to Rs 335 crore

Company's revenue from operations for the quarter stood at Rs 1,093.23 crore, 3.2x from year-ago period

Syngene International Q2 results: PAT down by 8.93%, revenue drops by 2%

Syngene plans to expand its capacity and capabilities at its Bangalore and Hyderabad campuses to meet anticipated long-term demand

Metro Brands Q2FY25 results: Net profit increases 4% to Rs 69.55 cr

Revenue from operations rose 5 per cent to Rs 585 crore, while expenses rose 7.9 per cent to Rs 515 crore

Dr Lal PathLabs Q2 results: Profit up by 18.2%, revenue rises by 9.8%

The company, which operates 280 labs across India and is on track to open 15-20 new labs this year as part of its expansion efforts, is also exploring acquisitions in southern India

SBI Life Insurance Q2 results: Net profit rises 39% to Rs 529 crore

In Q2 FY25, the solvency ratio of SBI Life stood at 204 per cent, compared to 212 per cent in the year-ago period

MakeMyTrip Q2FY25 results: Profit jumps nearly eight times to $17.9 million

MakeMyTrip Q2FY25 results: Revenue up 26.5% year-on-year, bus and air ticketing see significant rise

Dr Lal Path Labs Q2FY25 results: Net profit jumps 18% to Rs 129 cr

The company's consolidated net profit increased 18 per cent year-over-year to Rs 129 crore ($15.4 million), increasing for the sixth quarter in a row

TVS Motor Q2 results: PAT rises 23.5% to Rs 663 cr, revenue at Rs 9,228 cr

'Jupiter' scooter maker's profit rose 23.5 per cent to Rs 663 crore ($78.86 million) in the quarter ended Sept. 30, which missed analysts' estimate of Rs 697 crore

NDTV Q2 results: Net loss at Rs 52.77 cr as production costs weigh

NDTV's total expenses surged 76% on the back of a jump in operating as well as production and marketing costs, as it continued to invest in newly launched TV channels and infrastructure