Page 61 - Q2 Results

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

SBI Life Insurance on Wednesday reported a 39 per cent increase in net profit at Rs 529 crore for the second quarter ended September 30 of this fiscal. The insurer had posted a profit of Rs 380 crore in the July-September quarter of the last financial year. Total income of the insurance firm promoted by State Bank of India rose to Rs 40,015 crore during the quarter under review, as compared to Rs 28,569 crore in the same period a year ago. The company collected a net premium of Rs 20,266 crore in the July-September period, up from Rs 20,050 crore in the year-ago period. The first-year premium was Rs 4,916 crore, as against Rs 4,633 crore in the July-September period of last fiscal. Its assets under management climbed 28 per cent to Rs 4.4 lakh crore as of September 30, 2024. The solvency ratio was 204 per cent at the end of September, as against the regulatory requirement of 150 per cent. The company's net worth increased by 16 per cent from Rs 13,970 crore as on September 30, 2

Heritage Foods' Q2 results: Net profit surges two-fold to Rs 48.63 crore

The company posted a consolidated profit of Rs 48.63 crore ($5.8 million) in the three months ended Sept. 30

Bajaj Finserv Q2 net profit rises 8% to Rs 2,087 cr; interest income jumps

Revenue increased by 30% to Rs 33,704 cr, says holding company of Bajaj group's financial services and insurance businesses

Godrej Properties Q2FY25 result: PAT jumps 5-fold to Rs 335.21 crore

Realty firm Godrej Properties on Wednesday reported a five-fold jump in its consolidated net profit to Rs 335.21 crore for the quarter ended September on higher income. Its net profit stood at Rs 66.80 crore in the year-ago period. Total income more than doubled to Rs 1,346.54 crore in the second quarter of this fiscal from Rs 605.11 crore in the corresponding period of the previous year, according to a regulatory filing. Pirojsha Godrej, Executive Chairperson, Godrej Properties Ltd, said the company delivered a robust second quarter with its highest-ever Q2 and H1 bookings, collections, operating cashflows, and deliveries. "With bookings growth of 56 per cent in FY23, 84 per cent in FY24 and 90 per cent in H1 FY25, Godrej Properties has reset its scale," he added. The benefit of this is visible in the company's cash flows with collections growth of 68 per cent and operating cash flow growth of 125 per cent in the September quarter, Pirojsha said. "With a robust launch pipeline,

This RP-Sanjiv Goenka Group stock hit record high; zoomed 215% in 18 months

Firstsource Solutions has rallied 15% to Rs 361.65, with a combined 17.24 million equity shares representing 2.5% of total equity of the company changing hands on the NSE and BSE till 01:32 PM.

IndiGo Q2 results preview: Analysts expect net loss, margin erosion

IndiGo share price: Analysts, however, are divided on IndiGo's earnings for the quarter amid likely hit on volumes due to Delhi Airport roof collapse case and marginally higher fuel prices

Q2 results today: HUL, Godrej, TVS Motor among 73 firms to post earnings

Q2FY25 company results: AU Small Finance Bank, Bajaj Finserv, Birla will also be among the 73 companies to released their second quarter results on Oct 23

Bank of Baroda Q2 results on Friday, Oct 25; what are key expectations?

Bank of Baroda Q2 results preview: Bank of Baroda is expected to see near flat growth in net profit, on a quarter-on-quarter (Q-o-Q) basis, in the July-September quarter of financial year 2024-25

ITC Q2 preview: Cigarette, hotel, FMCG biz to aid profit; margins may slip

Analysts will monitor the demand outlook on rural as compared to urban, competitive intensity, raw material trends, hotels & agri business outlook

Market Today: HUL Q2, Gold at record, IMF on India, Waaree IPO last day

On October 22, foreign institutional investors continued their selling spree, offloading shares worth Rs 3,978.61 crore, while domestic institutional investors bought shares totaling Rs 5,869.06 crore

Indus Towers Q2FY25 results: Net profit increases 72% to Rs 2,224 cr

Telecom infrastructure company Indus Towers on Tuesday reported a 71.7 per cent year-on-year rise in consolidated net profit to Rs 2,224 crore for the September 2024 quarter. Notably, Q2 FY25 had a write-back of Rs 1,077 crore in provision for doubtful receivables, aided by collections against past overdue, the company said in its earnings release. For the just-ended quarter, the consolidated revenues stood at Rs 7,465 crore, 4.7 per cent higher than the year-ago period. "Our operational performance reflects sustained demand for network expansion and our endeavour towards securing a larger share of our customers' rollouts. This continues to drive our financial performance, aided by steady collection of past overdue from a major customer," Prachur Sah, Managing Director and CEO of Indus Towers, said. Sah noted that given a healthy cash generation, the company had rewarded its shareholders through buyback during the quarter. "We expect the performance to continue in the wake of netw

Adani Green Energy Q2 results: Net profit up nearly 39% to Rs 515 crore

Adani Green Energy Solutions on Tuesday posted nearly 39 per cent rise in its consolidated net profit to Rs 515 crore in September quarter compared to a year ago mainly on the back of higher revenues. The consolidated net profit of the company stood at Rs 371 crore in the quarter ended on September 30, 2023, a BSE filing said. Total income of the company rose to Rs 3,376 crore in the quarter from Rs 2,589 crore in the same period a year ago.

Zomato Q2 results: Profit rises 5x to Rs 176 crore, revenue up 69%

The company has also received approval from its board of directors to raise up to Rs 8,500 crore via QIP of equity shares

Confident Paytm will solve 'concentration risk' in UPI ecosystem: CEO

One97 Communications announces consolidated profit of Rs 928.3 crore in Q2

Persistent Systems Q2 results: Net profit grows 23% to Rs 325 crore

IT services firm Persistent Systems has reported a 23.44 per cent increase in consolidated net profit to Rs 324.9 crore in the September 2024 quarter. The company's profit stood at Rs 263.2 crore in the year-ago period. Revenue from operations for the quarter under review was Rs 2,897.1 crore, up 20.13 per cent from Rs 2,411.6 crore in the quarter-ended September FY24. "This quarter, we continued to strengthen our capabilities and advance our AI-led, platform-driven services strategy. We brought on Starfish Associates to elevate our AI-powered contact center modernisation; the addition of Arrka expands our comprehensive offerings in digital governance, including data privacy, AI governance and cybersecurity," its CEO and Executive Director Sandeep Kalra said. During the quarter, the order booking was USD 529 million (around Rs 4,447 crore) in Total Contract Value (TCV) terms. The Pune-headquartered firm has a global headcount of more than 23,200 employees, with 19,899 staff in ...

Shoppers Stop Q2 results: Net loss at Rs 20.59 crore on sluggish demand

The department store chain saw subdued demand during the second quarter due to fewer wedding dates, extended rains and overall weak discretionary spending, its CEO Kavindra Mishra said

Sluggish capex, war on pricing dragged loan growth in Q2: Union Bank CEO

Sluggish capex demand from corporates and a 'war on pricing' in the market to sign up big borrowers brought down the targeted credit growth in the September quarter, Union Bank of India chief executive and managing director A Manimekhalai said on Tuesday. She said the state-owned lender had to stay away from many of the lending proposals because of such factors, due to which the corporate loan growth has slipped to 6.3 per cent, pulling down the overall loan growth to 9.6 per cent against the over 13 per cent for the system. The bank is targeting a loan growth of 11-13 per cent during the fiscal. Speaking to reporters, the MD and CEO said the bank had envisaged a pick-up in private capex, but the same did not turn up, leading to a muted growth in overall corporate advances. "We have let go lot many accounts for the interest rate reasons that we were not able to grow the book. Going forward, we hope the capex cycle revives. "The capex has not revived. It's just that the basket, whi

M&M Finance Q2 FY25 results: Net profit rises 57% to Rs 369 crore

The NII margin of the company remained flat at 6.5 per cent. The cost of funds rose marginally to 6.5 per cent in Q2 FY25 from 6.4 per cent last year

Adani Energy Solutions Q2 results: Net profit doubles to Rs 674.96 crore

Q2 profit helped by better ops, deferred tax reversal

Bajaj Finance Q2FY25 results: Consolidated net up 13% at Rs 4,014 crore

While NII grows 23%, loan loss provisions up 77%