Page 63 - Q2 Results

PhonePe brings down losses to Rs 1,996 crore in FY24, revenues up 85%

About 10 per cent of company's revenue comes from government subsidies on digital payments

UltraTech shares muted ahead of Q2 results; Revenue to fall, say analysts

Analysts tracking the cement sector say that subdued economic activity in the first quarter is likely to weigh on sector leader UltraTech Cement's numbers, which reports its Q2 results today

Tech Mahindra share hits fresh 52-wk high as Q2 profit zooms 47%

The Tech Mahindra scrip rose as much as 4.34 per cent to hit a fresh 52-week high of Rs 1,761.30 per share.

Dalmia Bharat drops 5% as investors sell stock after profit drops 60% in Q2

Shares of cement firm Dalmia Bharat slipped up to 4.66 per cent at Rs 1,764.05 per share on the BSE in Monday's intraday deals

Zomato likely to post robust Q2 nos with 7x increase in PAT, say analysts

In Q2, investors will monitor any change in guidance from Zomato/Blinkit and the 'District' scale-up strategy

RBL Bank share plunges 13%, hits 52-week low on weak Q2 results

Asset quality ratios deteriorated during the quarter as slippages were high in the credit cards and microfinance segments.

Market Today: Q2 nos., China lowers lending rates, S&P 500 & Dow at record

China lowered its key benchmark lending rates by 25 basis points in the monthly fixing. The People's Bank of China (PBOC) reduced the 1-year loan prime rate (LPR) to 3.1% and the 5-year LPR to 3.6%

Dalmia Bharat Q2 results: PAT drops 60% to Rs 49 cr, revenue at Rs 3,087 cr

Cement maker Dalmia Bharat Ltd on Saturday reported a decline of 60.16 per cent in consolidated net profit to Rs 49 crore for the September quarter on account of decline in cement prices. The company had posted a net profit of Rs 123 crore in the year-ago period, Dalmia Bharat said in a regulatory filing. Its revenue from operations was also down 2.09 per cent to Rs 3,087 crore during the quarter under review. It was at Rs 3,153 crore in the corresponding period of the previous fiscal year. Dalmia Bharat's total expenses were at Rs 3,087, marginally up in the September quarter. However, sales volume was up 14.1 per cent to 6.7 million tonnes (MT) in the second quarter of the ongoing fiscal year. Total income of the Dalmia family-promoted cement firm was also down 2.28 per cent to Rs 3,160 crore. "We delivered a strong volume growth of 8.4 per cent year-on-year in Q2 FY25. However, the continuous & unprecedented softness in cement prices resulted in revenue declining 2.1 per cent

Punjab & Sind Bank Q2FY25 results: Net profit grows 26% to Rs 240 cr

State-owned Punjab & Sind Bank on Saturday reported a 26 per cent rise in net profit to Rs 240 crore in the September quarter on the back of reduction in bad loans. The lender had recorded a net profit of Rs 189 crore in the same quarter a year ago. Total income increased to Rs 3,098 crore during the quarter under review from Rs 2,674 crore a year earlier, Punjab & Sind Bank said in a regulatory filing. The bank earned an interest income of Rs 2,739 crore during the quarter, compared to Rs 2,406 crore in the same period a year ago. Return on asset of the bank improved to 0.65 per cent at the end of September 2024 as against 0.52 per cent at the end second quarter of previous financial year. Asset quality of the bank improved with gross non-performing assets declining to 4.21 per cent of the gross loans by the end of September 2024 from 6.23 per cent a year ago. Similarly, net NPAs, or bad loans, eased to 1.46 per cent from 1.88 per cent at the end of the second quarter of the .

UCO Bank Q2 results: PAT up 50% at Rs 603 cr on boost in interest income

State-owned UCO Bank on Saturday posted a 50 per cent jump in net profit to Rs 603 crore in the September quarter, helped by improvement in interest income. The lender had recorded a net profit of Rs 402 crore in the same quarter a year ago. Total income increased to Rs 7,071 crore during the quarter under review from Rs 5,866 crore in the same period last year, UCO Bank said in a regulatory filing. The bank earned an interest income of Rs 6,078 crore during the quarter compared to Rs 5,219 crore in the same period a year ago. Net interest income improved to Rs 2,301 crore, from Rs 1,917 crore in the year-ago period, registering a 20 per cent growth. At the same time, Net interest margin rose to 3.10 per cent from 2.84 per cent at the end of the second quarter of the previous financial year. Commenting on quarterly numbers, UCO Bank Managing Director and CEO Ashwani Kumar said the bank expects to continue the momentum. Return on asset has improved to 0.73 per cent at the end of

RBL Bank Q2 results: Net profit falls 24% to Rs 223 cr on rising expenses

The net interest income (NII) of the bank rose by 9 per cent in the reporting quarter to Rs 1,615 crore from Rs 1,475 crore

RBL Bank Q2 results: PAT down 24% at Rs 223 cr on MFI exposures stress

RBL Bank on Saturday reported a 24 per cent decline in net profit in the September quarter to Rs 223 crore on asset quality challenges emanating from credit card and microlending books. The private sector lender had reported a post-tax net profit of Rs 294 crore in the year-ago period, and Rs 372 crore in the preceding June quarter. RBL Bank Chief Executive and Managing Director R Subramaniakumar told reporters that the stress in the microfinance book is due to industry-wide issues, but the same on the credit-card front, where the regulator has been flagging risks for the industry, is on account of internal aspects. A senior bank official said the lender expects the challenges on credit cards that are arising out of a transition, to take loan collections in-house from being outsourced to a partner earlier, will settle by end of the third quarter, but the same on microlending may persist longer. The fresh slippages nearly doubled to Rs 1,026 crore during the quarter, and nearly 70 p

HDFC Bank Q2FY25 results: Net profit increases 5% to Rs 16,820 cr

The bank's gross non-performing assets was 1.36 per cent in Q2FY25, up from 1.33 per cent in Q1FY25

Tech Mahindra Q2FY25 results: PAT up 153% to Rs 1,250 cr, revenue up 3.5%

IT services firm Tech Mahindra on Saturday reported a more than two-fold jump in its consolidated net profit to Rs 1,250 crore for the July-September quarter, driven by special income from the sale of assets. The Mahindra Group company posted a net profit of Rs 493.9 crore in the year-ago period, according to an exchange filing. Revenue rose by 3.49 per cent to Rs 13,313.2 crore in the second quarter of 2024-25 compared to Rs 12,863.9 crore in the same quarter of 2023-24. Other income includes gain on sale of property of Rs 4,502 million which comprises of freehold land and its related buildings along with the furniture & fixtures sold for a consideration of Rs 5,350 million, receivable over a period of four years along with interest of 8.2 per cent p.a, the company filing said. Sequentially, net profit rose by 46.81 per cent and revenue by 2.36 per cent. "We continue to progress on our strategic improvement efforts even as the overall IT services industry has remained soft. "We

HDFC Bank Q2 results preview: Muted qtr expected; loan-deposit ratio eyed

HDFC Bank share price: Ahead of the Q2 results, HDFC Bank share price gained 2.8 per cent during the three months to September

Oberoi Realty Q2FY25 results: Net profit rises 29% to Rs 589 crore

Segment-wise, the company's real estate business generated revenue of Rs 1,276.14 crore, almost 94 per cent of its total revenue

Axis Bank shares rally over 5% after Q2, but analysts cautious on outlook

Axis Bank share price: Brokerages have cut their earnings forecast by up to 5 per cent over FY25-27 to factor in Q2 results

Hindustan Zinc Q2FY25 results: Net profit up 34.6% at Rs 2,327 crore

Management says demerger still under discussion, no timeline

Jio Financial Services Q2 results: Net profit rises 3% to Rs 689 crore

The company's total expenses doubled to Rs 142 crore in the quarter under review, compared to Rs 71 crore

L&T Finance Q2FY25 results: Consolidated net up 17% at Rs 696 crore

Warns on persisting headwinds; may calibrate growth; credit costs rise