Page 68 - Q2 Results

Sobha Q2 sales bookings fall 32% to Rs 1,178 cr despite strong demand

Realty firm Sobha Ltd has posted a 32 per cent decline in its sale bookings to Rs 1,178.5 crore during July-September quarter despite strong housing demand. In a regulatory filing on Monday, Bengaluru-based Sobha Ltd informed that its sale bookings stood at Rs 1,178.5 crore in the second quarter of this fiscal as against Rs 1,723.8 crore in the year-ago period. "In Q2-FY25, we sold new area of 0.93 million square feet with sales value of Rs 11.79 billion at an average price realization of Rs 12,674 per square feet," the company said. In terms of volume, the sale bookings fell to 9,29,907 square feet during July- September 2024 from 16,86,196 square feet in the year-ago period. During the first six months of this fiscal, Sobha Ltd sold properties worth Rs 3,052.2 crore as against Rs 3,188.5 crore in the corresponding period of the preceding year. The company sold 21,05,268 square feet in April-September period of this fiscal as against 30,80,313 square feet in the corresponding per

TCS, Infy, HCL Tech: Should you buy or sell IT stocks ahead of Q2 results?

Technical charts suggest that heavyweights TCS and Infosys seem to be favourably placed, while Wipro could face some downward pressure. Check key levels here.

Navkar Corporation revenue jumps 43% YoY in Q2FY25; shares rise 5%

Shares of Navkar Corporation surged up to 4.68 per cent at Rs 128.60 per share intraday on the BSE

Jaguar Land Rover retail sales down 3% at 103,108 units in second quarter

Tata Motors-owned Jaguar Land Rover on Monday reported a 3 per cent decline in retail sales at 1,03,108 units in the second quarter of the current fiscal as compared to the year-ago period. Retail sales for the first six months of the financial year were at 2,14,288 units, up 3 per cent year-on-year, Tata Motors said in a statement. Production in Q2 FY25 was restricted to 86,000 units, down 7 per cent as compared to 93,000 units in the year-ago period as a result of aluminium supply disruptions reported in Q1 FY25, it added. We expect both production and wholesale volumes to pick up strongly in the second half of the financial year as the aluminium supply situation normalises, the company said.

Share Market Today: RBI MPC meet, Q2 earnings, Middle East war, Oil, FIIs

At 6:40 AM, GIFT Nifty futures were trading 89 points higher at 25,262 levels, suggesting a robust opening for the markets.

Adani Wilmar sees Q2 standalone revenue to rise 16% on higher sales volumes

Rival Marico, which makes the "Parachute" coconut oils, said on Wednesday it expects Q2 consolidated revenue to grow in the high single-digit percentage range

Macrotech Developers Q2 results: Properties sale hit record Rs 4,290 cr

Realty firm Macrotech Developers on Friday reported a 21 per cent increase in sales bookings to a record Rs 4,290 crore during the July-September period on better housing demand. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, had sold properties worth Rs 3,530 crore in the year-ago period. The company has a major presence in Mumbai Metropolitan Region (MMR) and Pune. It has entered into the Bengaluru market as well. In a regulatory filing, Macrotech Developers said, "We achieved our best-ever quarterly pre-sales of Rs 42.9 billion (Rs 4,290 crore) showing growth of 21 per cent year-on-year despite the inauspicious Shradhh' period falling in September this fiscal year (vs October in FY24)." The collections of funds stood at Rs 3,070 crore in the second quarter of this fiscal year, up 11 per cent from the year-ago period. Macrotech Developers said the company has added four new land parcels in Pune and Bengaluru, having Rs 5,500 crore of reven

Consolidated revenue growth in Q2 remained in high single-digits: Marico

FMCG firm Marico Ltd on Wednesday said its consolidated revenue growth in the July-September quarter remained in high single-digits, as higher realisations in the domestic business was offset by incremental currency headwinds in some overseas markets during the second quarter of the ongoing fiscal. In its update for the second quarter filed on bourses, Marico said the sector witnessed stable demand trends with rural outperforming urban on a year-on-year basis for the third quarter in a row. "Consolidated revenue growth remained in high single-digits, as higher realisations in the domestic business was offset by incremental currency headwinds in some overseas markets. We expect consolidated revenue growth to move into double-digits in the second half of the year," the company said. Marico said it expects to "deliver double-digit revenue growth in this year". "In view of the higher-than anticipated degree of inflation in copra prices, sharp import duty hike in vegetable oils and ...

Lower primary sales with heavy rain in Q2 to impact profitability: Dabur

Homegrown FMCG firm Dabur India Ltd on Tuesday said its profitability in the second quarter will be impacted due to low primary sales with heavy rain and floods in parts of India affecting out-of-home consumption and consumer offtake despite demand trends saw some improvement. In its quarterly update shared on bourses, Dabur India said it expects to post a mid-single-digit decline in consolidated revenue for the second quarter due to a correction in distributor inventory in the general trade (GT) channel. "While demand trends were witnessing some improvement, heavy rain and floods across parts of the country impacted out-of-home consumption and consumer offtake in Q2 FY25. Due to this, we saw some impact on our business especially in the beverage category," the company said. Dabur India said during the last few quarters there has been "disproportionately higher growth" in organised channels such as modern trade (MT), e-commerce, and quick commerce, which has led to an increase in ..

VinFast's loss widens in Q2 on impairment charge, higher sales cost

Selling expenses rose by 25.5% quarter-on-quarter due to increasing sales and marketing costs, coupled with asset impairments, according to the filing

Nvidia sales likely to double in Q2, even a slight miss may hurt shares

A beat or a miss on Wall Street expectations could either stoke or shatter an AI rally on Thursday, a day after Nvidia reports earnings for the May-July period

China's Xiaomi beats Q2 revenue estimate, reveals auto unit sales

For the three months ending in June, Xiaomi's revenue rose 32 per cent to 88.9 billion yuan, beating the 85.8 billion yuan estimated by analysts, according to LSEG

UBS Q2 results: Net profit at $1.1 billion after merger with Credit Suisse

Investors warmed to the takeover, by this summer pushing up the value of UBS's shares by more than two-thirds since it bought Credit Suisse in March 2023

Singapore bank DBS flags heightened uncertainty, Q2 profit beats forecasts

DBS' results rounded up a strong second-quarter earnings season for Singapore banks, as more inflows and trading by wealthy clients ahead of anticipated rate cuts boost their wealth businesses

Uber's Q2 revenue beats Wall Street estimates on ride-sharing demand

Improvements in airport rides and initiatives such as Uber Shuttle, discounted subscriptions for students and pre-scheduled shared rides also helped drive bookings, Uber CEO Khosrowshahi added

Holiday Inn owner IHG posts strong Q2 as US rebound outweighs China's

Shares in IHG, which have been pressured in the past week after a warning from US rival Marriott and US recession fears, rose 4 per cent in early trade

Tyre prices set to increase again in Q2 as raw material costs soar

Industry experts predict that raw material prices will rise by another 5-6 per cent in the next quarter, although there is hope for stabilisation or even a softening by the third quarter

Samsung flags strong AI demand as Q2 profit soars on higher chip prices

Rebounding semiconductor prices stoked by the AI boom lifted June quarter earnings for the world's biggest maker of memory chips, smartphones and TVs from a low base a year ago

Intel to cut thousands of jobs to reduce costs, layoffs to begin this week

Intel, which is scheduled to report second-quarter earnings Thursday, has about 110,000 employees, excluding workers at units that are being spun out

Varun Beverages Q2 results: Net profit rises 26% to Rs 1,253 crore

The company, which follows the January-December financial year, had reported a net profit of Rs 994 crore in the year-ago period