Page 62 - Q2 Results

ICICI Pru Life Q2FY25 results: Net profit increases 3% to Rs 252 cr

ICICI Prudential Life Insurance Company on Tuesday reported a marginal rise of 3 per cent in its net profit to Rs 252 crore in the September quarter. The company's net profit stood at Rs 244 crore in the same quarter a year ago. Total income rose to Rs 25,229 crore from Rs 17,436 crore in the year-ago period, ICICI Prudential Life Insurance said in a regulatory filing. The net premium earned by the private sector insurer during July-September grew to Rs 10,754 crore against Rs 10,022 crore in FY24, it said. Its assets under management climbed 18 per cent to Rs 3,20,491 crore compared to Rs 2,44,279 crore as of September 30, 2023. The solvency ratio was 188.6 per cent at the end of September against the regulatory requirement of 150 per cent, it said. However, the Value of New Business (VNB), a key measure of profitability, increased to Rs 1,058 crore over Rs 1,015 crore at the end of the second quarter of the previous fiscal. Embedded Value grew 19.4 per cent to Rs 46,018 crore

Bajaj Finance Q2 results: Net profit at Rs 4,041 crore, misses estimates

Consolidated numbers include the non-banking financial company's (NBFC) subsidiaries, Bajaj Housing Finance and Bajaj Financial Securities

Route Mobile Q2FY25 results: Net profit jumps 14% to Rs 101.27 cr

Enterprise communication firm Route Mobile has reported a 14 per cent year-on-year increase in consolidated net profit at Rs 101.27 crore in the July-September quarter od this fiscal year. The company's profit (attributable to owners of the holding company) stood at Rs 88.8 crore in the year-ago period. Revenue from operations for the quarter under review stood at Rs 1,113.4 crore, up 9.73 per cent from Rs 1,014.6 crore in the quarter-ended September FY24. Company chairman Guillaume Boutin said developments from the previous quarter indicated that the firm is on the right track, and asserted confidence in unlocking a higher value for its customers and stakeholders. Seen quarter-on-quarter, profits rose by 28.9 per cent, but revenues saw a flat growth of 0.9 per cent. "... We have posted our highest ever quarterly revenue, despite Q2 being a seasonally weak quarter. We remain very optimistic about our growth prospects in Q3 owing to the festive season ahead of us," Rajdipkumar Gupt

Adani Energy Solutions Q2 results: Net profit jumps three-fold to Rs 773 cr

Adani Energy Solutions Ltd on Tuesday posted a nearly 3-fold jump in its consolidated net profit to Rs 773.39 crore in the September quarter, mainly on the back of higher revenues. The consolidated net profit of the company stood at Rs 284.09 crore in the quarter ended on September 30, 2023, according to a regulatory filing. Its total income surged to Rs 6,359.80 crore during the period under review against Rs 3,766.46 crore in the same quarter a year ago.

Zomato Q2 results: Net profit rises to Rs 176 crore, misses estimates

The company also approved raising up to Rs 8,500 crore via the issue of shares in a qualified institutional placement

SRF Q2 results: Net profit falls 33% to Rs 201.42 cr on higher expenses

Chemical firm SRF Ltd on Tuesday reported a 33 per cent decline in its consolidated net profit to Rs 201.42 crore for the second quarter of this fiscal on higher expenses and announced plans to invest Rs 1,100 crore on new plants to manufacture fourth-generation refrigerants. Its net profit stood at Rs 300.78 crore in the year-ago period. The total income rose to Rs 3,457.63 crore during the July-September period of this fiscal from Rs 3,206.48 crore in the year-ago period, the company said in a regulatory filing. The company's total expenses increased to Rs 3,173.97 crore in the second quarter from Rs 2,791.67 crore a year ago. SRF Chairman and Managing Director Ashish Bharat Ram said, While the performance this quarter has been expectedly subdued, I believe the worst is now behind us. We will start seeing an improvement from this quarter onwards with a likelihood of a strong finish to the year". SRF also informed that its Board of Directors approved "a project for setting up new

Kajaria Ceramics Q2 results: Net profit declines 22% to Rs 84.27 crore

Tiles demand has been sluggish in the world's most populous country, with strong construction activity in western, eastern, and central India countering weakness in northern and southern parts

ICICI Securities Q2FY25 results: Profit surges 25% to Rs 529 crore

ICICI Securities, a part of the ICICI Group, on Tuesday reported a 25 per cent year-on-year growth in profit after tax to Rs 529 crore in three months ended September 2024. In comparison, the company had posted a PAT (profit after tax) of Rs 424 crore in the year-ago period, the brokerage house said in a filing to stock exchanges. Total income rose 37 per cent to Rs 1,707 crore in the July-September quarter of the current financial year (FY25) from Rs 1,249 crore in the same quarter preceding fiscal. The surge in total income was driven by revenues from the broking and distribution business. Shares of ICICI Securities settled 0.71 per cent lower at Rs 844 on the BSE.

HUL Q2 preview: PAT likely to slip as margins weigh; Revenue to rise 4%

Hindustan Unilever's (HUL) Earnings before interest, tax, depreciation, and amortisation (Ebitda) is likely to remain flat at Rs 3,698.7 crore on an average

Paytm share price slips 5% post Q2FY25 results; Check details

Paytm reported an exceptional item gain of Rs 1,345.4 crore from the sale of its ticketing business to Zomato during the quarter

Cement shares in focus as Ambuja to buy Orient; trading strategy here

Barring HeidelbergCement most of the cement stocks look technically weak on the charts; Ambuja Cements is on the verge of seeing a 'Death Cross' formation on the daily chart.

Market Today: Hyundai India IPO listing; RBI says festive demand intact

On Wall Street, both the Dow Jones Industrial Average and S&P 500 closed lower, retreating from record highs as Treasury yields increased.

UltraTech Cement Q2FY25 results: Net profit dips 36% to Rs 820 crore

Cement sale volume slow down, growing at three percent YoY in Q2

HFCL Q2 results: Net profit jumps 4.5% to Rs 73 cr, revenue at Rs 1,094 cr

Domestic telecom gear make HFCL on Monday posted 4.5 per cent year-on-year rise in its consolidated net profit for second quarter ended September 2024 (Q2FY25) to Rs 73 crore. The Q2 revenue, however, slipped 1.61 per cent year-on-year to about Rs 1,094 crore. In a statement, HFCL Managing Director Mahendra Nahata noted that the company delivered steady performance despite the ongoing softness in demand for Optic Fiber Cables globally. "Further, monsoon season in several parts of the country impacted execution of work, causing some revenue to spill over into the next quarter," Nahata said. The company said Q2FY25 was marked by some significant milestones. HFCL delivered one of the world's largest advanced broadband network gateway projects for BSNL, it added. The company also entered into a strategic partnership with General Atomics Aeronautical Systems Incorporated (GA-ASI), US, to develop critical sub-systems for one of the world's most sophisticated unmanned aerial vehicles ...

Balu Forge Q2 results: Net profit jumps more than two-fold to Rs 48.1 crore

Balu Forge Industries Ltd on Monday reported a more than two-fold jump in consolidated profit after tax to Rs 48.1 crore for the September quarter. The company had delivered a PAT of Rs 23.27 crore in the second quarter of the fiscal 2023-24. Its revenue in Q2 FY25 grew 60.1 per cent to Rs 222.8 crore from Rs 139.22-crore a year go, driven by constant focus on client addition and continued demand for the specialised engineering products, Balu Forge India said. The company's EBITDA (earnings before interest, taxes, depreciation and amortization) during the second quarter surged 116.5 per cent to Rs 65.22 crore from Rs 30.12 crore in the corresponding quarter of FY24, backed by increase in scale of operations and higher demand for heavier products, which tend to yield better margins, it said. "Apart from the financial achievement, the current quarter witnessed a number of developments focused on strengthening our capabilities to navigate industry challenges and capitalise on new ...

HDFC Bank stock up 3% post Q2 results as analysts raise share price target

HDFC Bank share price: Analysts believe the relative underperformance of HDFC Bank stock is likely to be capped as the there is visibility of earnings improvement ahead

Union Bank Q2 FY25 results: Net up 34.4% on non-interest income boost

Its net interest income (NII) shrank by 0.87 per cent Y-o-Y to Rs 9,047 crore in Q2 FY25 compared to Rs 9,126 crore in the same quarter a year ago

Mahindra Logistics Q2 results: Net profit declines 54% to Rs 8.5 crore

Mahindra Logistics Ltd on Monday reported 54 per cent decline in standalone Profit After Tax (PAT) at Rs 8.5 crore for September quarter FY25. The company had posted a PAT of Rs 18.6 crore in the second quarter of FY24, a statement said. Revenue during the quarter under review, however, increased 9 per cent to Rs 1,236 crore from Rs 1,136 crore in July-September FY24. Overall revenues during Q2 FY25 demonstrated a strong growth of 11.5 per cent on year-on-year basis. The company said it continues the focus on expanding capacity and making investments in the eastern and Northeastern region and also on warehouses, delivery stations and express logistics. It expects these investments to be accretive to the growth across businesses in the later part of the year. "During the quarter, we saw strong revenue performance with year-on-year growth of 11.5 per cent. Our 3PL contract logistics, cross border and last mile delivery segments registered strong growth driven by account additions,

Bajaj Housing Finance Q2 results: Net profit rises 21% to Rs 546 crore

This is the first quarterly earnings report after its equity capital market listing in September 2024

Bajaj Housing Finance Q2 results: Profit up 21% on steady home loan demand

The company, a unit of non-bank lender Bajaj Finance , reported its first quarterly earnings since its $782 million initial public offering in September that gathered strong investor interest