Page 65 - Q2 Results

Karur Vysya Bank Q2 results: Net profit up 25.13% at Rs 473.60 cr

Private sector Karur Vysya Bank on Thursday reported a 25.13 per cent rise, on its net profits for the July-September quarter at Rs 473.60 crore, a top official said. The Tamil Nadu-based bank recorded a net profits of Rs 378.45 crore during the corresponding quarter of last year. Net profits for the six-month period ending September 30, 2024, grew by 26.46 per cent, to Rs 932 crore as compared to Rs 737 crore recorded in the corresponding period of last year. Total income during the quarter under review soared to Rs 2,856.01 crore from Rs 2,335.97 crore registered in the same quarter of last financial year. "We have achieved another strong quarter of performance, guided by our three key metrics - growth, profitability and asset quality. The bank's performance indicators align with our guidance, demonstrating consistent and steady growth," the bank's Managing Director and CEO Ramesh Babu B said in a statement. The total business of the bank as on September 30, 2024, stood at Rs ..

Jindal Stainless Q2 results: Net profit down 21% at Rs 611.31 crore

The share of exports was 10 per cent of total sales in Q2 FY25 compared to 13 per cent in Q2 FY24. Overall, exports in H1 FY24 had stood at 15 per cent

Tata Chemicals Q2FY25 results: Net profit narrows 55% to Rs 194 cr

The chemical maker's consolidated net profit fell to Rs 194 crore ($23.1 million) for the quarter ended Sept. 30 from Rs 428 crore a year earlier

Tata Comm Q2 results: Revenue rises 18% to Rs 5,767 crore, expenses up 20%

The firm posted revenue of Rs 5,767 crore ($686 million) for the three months ended Sept. 30, as compared to Rs 4,873 crore a year earlier

LTIMindtree Q2FY25 results: Net profit increases 7.75% to Rs 1,251 cr

Its revenue for the quarter under review came in at Rs 9,432 crore, 5.91 per cent higher than Rs 8,905 crore in Q2 FY24

Central Bank Q2FY25 results: Net profit rises 51% to Rs 913 crore

Recoveries from written-off accounts, treasury income boost bottom line

Havells Q2 results: Net profit rises 7.5% to Rs 268 cr on high demand

Consumer electrical goods maker Havells India Ltd on Thursday reported an increase of 7.5 per cent in its consolidated net profit to Rs 267.77 crore in the September 2024 quarter, driven by improvements in consumer demand trends. The company had posted a consolidated net profit of Rs 249.08 crore in the July-September quarter a year ago, according to a regulatory filing. Its revenue from operations rose 16.38 per cent to Rs 4,539.31 crore in the September quarter. It was Rs 3,900.33 crore in the corresponding period last fiscal. The company had a "decent overall growth across segments driven by improvements in consumer demand trends," Havells India said in a post-result investor presentation. Moreover, a shift in the festive season led to the advancement of advertising & promotion spending of Havells in the September quarter, it added. Havells India's total expenses grew 18 per cent to Rs 4,268.94 crore in the September quarter. In addition, the company settled its insurance clai

Indian Overseas Bank Q2 results: Net profit rises 24% to Rs 777 crore

State-owned Indian Overseas Bank (IOB) on Thursday posted a 24 per cent surge in net profit to Rs 777 crore in the second quarter ended September 2024. The lender had earned a net profit of Rs 625 crore in the same quarter a year ago. Its total income increased to Rs 8,484 crore during the quarter under review against Rs 6,935 crore in the same period last year, IOB said in a regulatory filing. The bank earned an interest income of Rs 6,851 crore during the quarter compared to Rs 5,821 crore in the year-ago period. With regard to asset quality, the bank was able to reduce gross non-performing assets (NPAs) to 2.72 per cent of the gross loans by the end of September 2024 from 4.74 per cent a year ago. Similarly, net NPAs or bad loans came down to 0.47 per cent from 0.68 per cent at the end of the second quarter of the previous fiscal. As a result, provisions for bad loans declined significantly to Rs 71 crore compared to Rs 1,121 crore earmarked in the same quarter of FY24. Provi

Axis Bank Q2FY25 results: Net profit increases 18% to Rs 6,918 cr

The Mumbai-based private lender's standalone net profit - which excludes its subsidiaries - rose to Rs 6,918 crore

Bajaj Auto tanks 12% after Q2; analysts cautious on margin, export outlook

The decline followed a mixed response from both domestic and international brokerages, despite the company delivering strong results in the September quarter (Q2FY25).

Nestle Q2 results: Profit drops 0.94% to Rs 899.49 cr, net sales up 1.3%

FMCG major Nestle India Ltd on Thursday reported a marginal decline of 0.94 per cent in its net profit at Rs 899.49 crore for the quarter that ended September 2024, in which it faced high commodity prices and some of its key brands faced softer consumer demand. The company had posted a net profit of Rs 908.08 crore in the July-September period a year ago, according to a regulatory filing from Nestle India. However, Nestle India's revenue from the sale of products was up 1.3 per cent to Rs 5,074.76 crore in the September quarter. It was at Rs 5,009.52 crore in the corresponding period last fiscal. Its total expenses in the September quarter were up 3.42 per cent to Rs 4,090.09 crore. Nestle India's domestic sales were up 1.23 per cent to Rs 4,883.14 crore, as against Rs 4,823.72 crore in the corresponding period of July-September. Its revenue from exports was also up 3.13 per cent to Rs 191.62 crore in the September quarter. Nestle India's revenue from operations, which includes o

IT company Mphasis's Q2 net profit rises 8% Y-o-Y, deal value falls

Company says most of its contracts are now for work in artificial intelligence

Mphasis share price up 4% after Q2FY25 profit jumps over 8%; details here

The rise in Mphasis share price came after the company reported a healthy September quarter (Q2FY25) results.

Market Today: Infy, Axis Bank Q2 results; Dow at record; Hyundai India IPO

At 6:30 AM, GIFT Nifty Futures were trading about 14 points higher at 25,069, suggesting a flat to positive start for Indian markets.

LTTS Q2 results: Net profit up 1.3% at Rs 319.6 cr as margins narrow

Engineering services player L&T Technology Services (LTTS) on Wednesday reported a 1.3 per cent rise in the September quarter net profit at Rs 319.6 crore, as profit margins narrowed. The company, an arm of engineering, procurement and construction major Larsen & Toubro, had reported a net profit of Rs 315.4 crore in the year-ago period while the was Rs 313.6 crore in the preceding June quarter. Its revenues grew 7.8 per cent to Rs 2,572.9 crore in the reporting quarter, helped by an over 24 per cent growth in the European market on demand from the automobile sector and sustainability-focused solutions. LTTS Managing Director and Chief Executive Amit Chadha said it is aiming for revenues to grow between 8-10 per cent in FY25, and maintaining its guidance on hitting the USD 2 billion yearly revenue in medium-term mark. Higher spends on sales and technology led to a narrowing of the operating profit margin to 15.1 per cent during the reporting quarter, as against 17.1 per cent ..

Bajaj Auto Q2 results: Profit dips 31% to Rs 1,385 cr, revenue at Rs 13k cr

The domestic business achieved record-high revenue growth in double digits for the tenth consecutive quarter, driven by growth across motorcycles, commercial vehicles, and electric scooters

QNu Labs expects revenue to grow multi-fold to Rs 200 crore by FY26

Quantum computing startup QNu Labs expects its revenue to grow multifold to Rs 200 crore by FY26 on the Rs 500 crore pipeline from India, the Middle East and the US, a top company official said on Wednesday. QNu Labs CEO Sunil Gupta at India Mobile Congress told PTI that the growth is largely driven by the adoption of quantum security solutions in defence and interest from enterprises in the technology. "Last year, we had revenue of Rs 24 crore. This financial year, we are expecting revenue of Rs 100 crore and then Rs 200 crore in the next financial year. The growth is largely being driven by wider adoption of quantum technology in the Defence sector and gradual interest coming from enterprises," he said. Gupta said the company has deployed a quantum solution for building quantum secure digital certificates and bagged a deal from Defence through iDEX. "A large part of our revenue comes from the government and from next year, we expect over 50 per cent of our revenue to come from ..

Himadri Q2 results: PAT jumps 33% to Rs 134 cr driven by higher margins

Himadri Speciality Chemical Ltd on Wednesday reported a 33 per cent year-on-year jump in net profit to Rs 134 crore for the quarter ending September 30, 2024 (Q2FY'25), driven by higher margins. The revenue in Q2FY'25 stood at Rs 1,135 crore, reflecting a 13 per cent increase compared to Rs 1,005 crore in Q2FY'24. EBITDA surged 29.1 per cent to Rs 201 crore during the quarter, up from Rs 156 crore in the same quarter last year. Commenting on the performance, the CMD and CEO of Himadri Speciality Chemical Ltd, Anurag Choudhary, said, "Our balance sheet continues to remain strong with a positive cash balance of Rs 255 crore. Our strategic focus on profitability and a prudent balance sheet has contributed to better performance." "The successful completion of our first export shipment of liquid coal tar pitch in October 2024 paves the way for large global liquid coal tar pitch markets," he said, highlighting the company's export milestone. Choudhary further outlined the company's capit

KEI Industries shares drop 7% on reporting lower Q2 profit, Ebitda margins

Even as KEI Industries reported annual growth in its top- and bottomline in Q2, the wires and cable company's profit and operating margins contracted

Rallis India flies 15% as Q2 Ebitda zooms 25% YoY; analysts weigh in

The uptick in Rallis India share price came after the company announced a healthy set of September quarter of financial year 2025 (Q2FY25) results on Tuesday, October 15.