Page 71 - Q2 Results

Global VC investments drop 5.4% as VCs remain cautious: KPMG report

On a year-on-year (Y-o-Y) basis, venture financing in the country fell from $3.3 billion in Q3CY22, according to data from KPMG's Venture Pulse Q3 2023 report

Indiabulls Housing Finance Q2 net profit rises 3% to Rs 298 crore

Mortgage player Indiabulls Housing Finance on Tuesday reported a marginal 3 per cent rise in consolidated net profit to Rs 298 crore in the second quarter ended September 2023. The company had reported a net profit of Rs 289 crore in the July-September quarter of last fiscal. Its total income during the quarter under review rose to Rs 2,242 crore from Rs 2,231 crore in the corresponding quarter a year ago, Indiabulls Housing Finance said in a regulatory filing. However, interest income declined to Rs 1,731 crore compared to Rs 2,126 crore a year ago. The company, in a separate filing, said it has transferred the third tranche of the reserve amount of Rs 313.86 crore to the lender repayment trust. The trustee in turn has created a fixed deposit using the reserve amount with a scheduled commercial bank and such reserve amounts would be utilised for redemption of the Foreign Currency Convertible Bonds (FCCB) in compliance with applicable laws if the put option is exercised by the FCC

National Insurance Company records profit of Rs 424 crore in Q2FY24

In the first quarter of FY24, the loss of the company stood at Rs 379.28 crore

NMDC Q2 net profit rises 15% to Rs 1,028 cr on strong iron ore sales

The company witnessed a nearly 21% growth in revenue generated from its iron ore segment from the previous year

Kalyan Jewellers Q2 results: Consolidated PAT up 27.33% at Rs 134.87 crore

Jewellery retailer Kalyan Jewellers on Tuesday reported a 27.33 per cent on-year growth in consolidated profit after tax (PAT) during the quarter ended September 30, at Rs 134.87 crore. The company's PAT stood at Rs 105.92 crore in the corresponding period of the previous financial year, the jewellery retailer said in a regulatory filing. Revenue from operations of the company grew by 27.11 per cent during the quarter under review at Rs 4,414.53 crore, compared to Rs 3,472.91 crores in the same period of the previous fiscal. Total revenue from the company's Middle East operations during the second quarter FY24 was at Rs 629 crore, as against Rs 601 crore in the same period of the previous financial year, a growth of 5 per cent. The Middle East operations recorded PAT of Rs 12 crore for the quarter, compared to Rs 14 crore for the corresponding period in the previous year, a dip of 14.28 per cent. The e-commerce division of the company, Candere, recorded a revenue of Rs 31 crore in

Grasim Q2 results: Net profit rises 15% to Rs 1,164 cr, revenue up 10%

Profits from the cement subsidiary UltraTech also helped boost Grasim's financial performance in the quarter gone by

Manappuram Finance beats Q2 profit estimates, up 37% on high loan demand

Gold prices hit a record high earlier this year and though it saw some subsequent corrections, prices were up more than 20% year-on-year for the quarter

Sensex drops 326 pts, Nifty below 19,450; PSBs, metals rally, IT sinks

Closing Bell on November 13, 2023: SBI Life, Bajaj Finance, Grasim, Infosys, Nestle India, Apollo Hospitals, Tech M, ICICI Bank, and HDFC Bank were the top laggards

Dilip Buildcon soars 7%, hits 52-week high on heavy volumes

The management said the road ahead for the infrastructure segment looks steady and poised to grow, and the company is well-positioned and perfectly equipped to capitalise on this opportunity.

Aurobindo Pharma hits 52-week high, jumps nearly 4% in a weak market

The stock has been one of the top out-performers so far this month, and gained a whopping 18.5 per cent.

BSE shares soar 8%, hit record high on 4x jump in Q2 profit

The board of directors of BSE has approved the fund infusion of Rs 22.36 crores in India India INX and Rs 33.88 crore in India International Exchange (IFSC)

Biocon jumps 4% on the back of strong Q2 performance

The stock had shed 16 per cent in Samvat 2079. So far in 2023, the stock has declined 9 per cent as against a near 7 per cent gain on the BSE benchmark.

ONGC hits life-time high; up 2% after posting 142% surge in Q2 net profit

The stock had surged 47 per cent in Samvat 2079. So far in the calendar year 2080, the stock has rallied 41 per cent as against a near 7 per cent gain on the BSE Sensex.

Shyam Metalics Energy logs over 4-fold jump in Q2; net profit up Rs 482 cr

Shyam Metalics & Energy Ltd (SMEL) on Saturday reported more than fourfold jump in its consolidated profit after tax (PAT) to Rs 481.97 crore in the July-September quarter of 2023-24 despite a fall in revenue. It had clocked Rs 110.91 crore PAT during the July-September period of the preceding 2022-23 fiscal, the company said in a statement on Saturday. The company's consolidated revenues dropped by 4.7 per cent to Rs 2,940.70 crore for the second quarter of FY2023-24 as compared to Rs 3,085.20 crore in the same quarter a year ago. Despite the realisation of finished steel being down by 11.75 per cent on a year-on-year basis, the company has been able to maintain revenue growth, the statement said. The company has also received the order from NCLT Bench for the acquisition of Mittal Corp Limited along with the order of approval for merger of Mittal Corp Limited with Shyam Sel and Power Limited, a wholly-owned subsidiary of the company, it said. There has been sustained growth in .

Shriram Properties Q2 sales bookings up 40% to Rs 608 cr on strong demand

Realty firm Shriram Properties Ltd has clocked 40 per cent growth in its sales bookings to Rs 608 crore in the second quarter of this fiscal year on better demand for its housing projects. Its sales bookings stood at Rs 435 crore in the year-ago period. According to an investors' presentation, Shriram Properties sales bookings grew 14 per cent to 1.15 million sq ft during the July-September period of this fiscal from Rs 1.01 million sq ft in the corresponding period of the previous year. Shriram Properties attributed the growth in bookings value to strong sustenance sales in ongoing projects and contribution from new phases launched during the July-September quarter. Higher sales values reflect the change in product mix and improved pricing, it said. In the first six months of the ongoing fiscal, Shriram Properties Ltd achieved sales volumes of 1.9 million sq ft -- up 14 per cent year-on-year (y-o-y) -- and sales values of Rs 1,066 crore -- up 43 per cent y-o-y. "We are encourage

BSE Q2 net profit jumps to Rs 118 crore, revenue at record Rs 367 crore

Leading stock exchange BSE has reported a four-fold jump in net profit at Rs 118.4 crore for the quarter ended in September 2023. In comparison, the exchange had posted a net profit of Rs 29.4 crore in the year-ago period, BSE said in a statement. The bourse's revenue rose 53 per cent to a record Rs 367 crore in the July-September quarter of the current financial year (FY24), from Rs 240 crore in the year-ago period. "We shall continue to invest in development of human resources, new products, technology infrastructure, etc, and thus pursue long-term growth shareholders and deliver on our mission of Vibrant BSE 2025," the exchange's MD & CEO, Sundararaman Ramamurthy, said. The exchange's average daily turnover in the equity segment increased to Rs 5,922 crore in the quarter under review, from Rs 4,740 crore in three months ended September 2022. Also, the board of directors of BSE in their meeting on Friday have approved the fund infusion of Rs 22.36 crores in India International .

China's largest chipmaker SMIC's Q3 net down 80%; says market stabilising

Their results echoed others such as Taiwan's TSMC and Germany's Siltronic, who have faced similar earnings pressure from a slowdown in the semico­nductor industry

Muted exports, gradual domestic powergen recovery may hit Cummins sales

Going ahead, the company has guided for a double-digit sales growth

India's Glenmark Pharma posts Q2 loss on exceptional legal costs

Glenmark incurred an exceptional cost of Rs 325 crore, during the quarter, related to a legal case settlement with US DoJ, Antitrust Division and remediation costs at manufacturing sites

M&M Q2FY24 results: Profit hits brakes; consolidated net down 15%

On a sequential basis, the company's net profit declined 33 per cent from Rs 3,508 crore in the previous quarter, while it posted a 1.6 per cent rise in revenue from operations