Page 72 - Q2 Results

Coal India Q2 results: Consolidated net profit rises 12.5% to Rs 6,799 cr

Coal India Ltd accounts for over 80 per cent of domestic coal output

ONGC Q2 results: Consolidated net profit surges 142% to Rs 16,553 crore

It's wholly-owned subsidiary ONGC Videsh Ltd. (OVL) is the biggest Indian multinational, with 35 Oil & Gas assets in 15 countries

Healthy outlook: Banks profit rises 33.5% to Rs 77,564 crore in Q2

High credit offtake; lower credit costs boost bottom line

LIC reports Q2 net profit at Rs 7,925 crore; net premium income down 18.7%

Insurer says numbers not comparable due to change in accounting norms

Biosimilars growth props up Biocon Q2 PAT by 168% to Rs 126 crore

On a sequential basis, the company exhibited a 1.15 per cent increase in revenue along with PAT, which rose 23.8 per cent

Strong outlook, sector re-rating to support ABB stock after Q2 results

ABB is a key beneficiary of the pickup in the capex cycle

Fortis Healthcare Q2 results: Net profit declines 15% to Rs 173.7 crore

The company declared results post-market hours. Fortis Healthcare Limited stock was up by 17 basis points (5 per cent) on the BSE to Rs 359.15 apiece

ONGC posts 20% drop in quarterly profit on lower crude oil prices

ONGC's total crude oil production fell 2.1% to 5.25 million metric tons (MMT), while total gas production dropped 2.8%

Tata Chemicals posts 32% drop in Q2 profit on weak demand, prices

The company's market share in key markets have remained relatively stable by staying close to customers, he added

Hindustan Copper Q2 results: Net profit jumps two-fold at Rs 61 crore

State-run Hindustan Copper on Friday reported over two-fold jump in net profit at Rs 60.70 crore for the quarter ended September 30, 2023. The company had posted a consolidated net profit of Rs 25.87 crore in the year-ago period. The consolidated income of the company during the July-September period increased to Rs 392.55 crore, over Rs 234 crore in the year-ago period, Hindustan Copper Ltd said in a regulatory filing. In a statement, the company said the sales volume in the September quarter was higher by 49 per cent compared to the corresponding period of last year. On the production front, the growth momentum has been maintained. During the quarter ended September 30, 2023, mine production in terms of copper ore has increased by around 13 per cent compared to the corresponding period of last year.

PTC India Q2 results: Net profit rises 46% to Rs 202 cr on higher revenues

Power trading solution provider PTC India on Friday posted over 46 per cent jump in its consolidated net profit to Rs 202.31 crore for the September 2023 quarter, mainly on the back of higher revenues. The company's consolidated net profit stood at Rs 138.23 crore in the year-ago period, according to a BSE filing. The total income rose to Rs 5,224.85 crore in the quarter from Rs 4,901.84 crore a year ago. "We have experienced a remarkable growth in profitability in the consolidated quarterly numbers, a 46 per cent increase, driven by growth in core margins, efficient working capital management and improved contributions from our subsidiaries and associate company," PTC India Chairman and Managing Director Rajib K Mishra said in a statement. He pointed out that the company's core margin witnessed an increase of 16 per cent during this period. Overall -- the holding company, two subsidiaries and associate company Hindustan Power Exchange -- all have shown good growth during the quar

LIC Q2 results: Net profit falls 50% to Rs 7,925 crore on lower income

State-owned insurer LIC on Friday reported a 50 per cent fall in net profit at Rs 7,925 crore for the quarter ended September 30, on lower income. The country's biggest insurer had a net profit of Rs 15,952 crore in the year-ago period, LIC said in a regulatory filing. Its net premium income eased to Rs 1,07,397 crore in the second quarter of the current fiscal, from Rs 1,32,631.72 crore in the same period a year ago. LIC's total income declined to Rs 2,01,587 crore in the latest September quarter, compared to Rs 2,22,215 crore in the year-ago period, it said.

Hindalco Industries Q2FY24 results: Net profit flat at Rs 2,196 crore

The company beat street estimates on revenue but missed it on profit reported in the quarter under review

Shriram Life Insurance posts profit after tax at Rs 31 cr in Sep quarter

Shriram Life Insurance Ltd has reported a profit after tax for the three months ended September 30, 2023, at Rs 31.1 crore, the company said on Friday. The company, jointly promoted by Sriram Group and South Africa-based financial services group Sanlam Ltd had reported a profit after tax at Rs 35.6 crore during the corresponding quarter of last year. For the six-month period ended September 30, 2023, the profit after tax stood at Rs 70.4 crore as against Rs 75.1 crore registered in the same period of last year, a press release said on Friday. The company as of September 30, 2023, has assets under management of Rs 10,146 crore as compared to Rs 8,149 crore registered during the same period of last year. Gross premium as of September 30, 2023, stood at Rs 1,462 crore, as compared to Rs 970 crore registered during the same period of last year. Commenting on the financial performance, company MD and CEO Casparus J H Kromhout said, "With every quarter, we are intensifying our focus on

Eicher Motors Q2 net profit rises 55% to Rs 1,016 cr on robust sales

Eicher Motors on Friday said its consolidated net profit increased by 55 per cent to Rs 1,016 crore for the second quarter ended September 30, 2023, driven by robust sales. The company had reported a net profit after tax of Rs 657 crore in the July-September quarter of last fiscal. Total revenue from operations rose to Rs 4,115 crore for the September quarter as against Rs 3,519 crore in the year-ago period, Eicher Motors said in a regulatory filing. It was the company's highest-ever performance in terms of quarterly revenues, profits and sales, it said. Royal Enfield, a division of the company, sold 2,29,496 motorcycles in the second quarter, an increase of 13 per cent from 2,03,451 motorcycles sold in the same period of last fiscal. "At the halfway mark for the financial year, we have registered remarkable performance both at Royal Enfield and VE Commercial Vehicles," Eicher Motors Managing Director Siddhartha Lal said in a statement. VE Commercial Vehicles (VECV) Managing Dire

Apollo Micro Systems' Q2 net profit doubles to Rs 7 cr on higher income

Apollo Micro Systems Ltd (AMSL) on Friday said its standalone net profit doubled to Rs 7 crore during the September quarter, aided by higher income. It had clocked a net profit of Rs 3.28 crore during the year-ago period, the company said in a regulatory filing. The company's total income rose to Rs 87.57 crore over Rs 52.39 crore a year ago. AMSL's expenses were Rs 78.68 crore against Rs 47.47 crore in the year-ago period. Hyderabad-based AMSL offers technology-based solutions in sectors like infrastructure, transportation, and aerospace and defence.

Cholamandalam Financial Holdings posts consolidated Q2 PAT at Rs 888.03 cr

Cholamandalam Financial Holdings Ltd has reported a consolidated profit after tax for the July-September 2023 quarter at Rs 888.03 crore, the company said. The company had posted a consolidated PAT at Rs 606.35 crore during the corresponding quarter of last year. For the six months ended September 30, 2023, the consolidated PAT surged to Rs 1,679.81 crore, from Rs 1,188.82 crore registered during the same period of last year, a press release said on Friday. The consolidated total income grew to Rs 6,372.23 crore, from Rs 4,355.33 crore registered in the same period last year. For the half-year ended September 30, 2023, the consolidated total income went up to Rs 12,086.82 crore, from Rs 8,318.05 crore registered in the same period of last year. Cholamandalam Investment and Finance Company Ltd, in which Cholamandalam Financial Holdings has about 43.34 per cent stake disbursed Rs 21,542 crore during the quarter that ended September 30, 2023, as against Rs 14,623 crore in the same pe

HUDCO Q2 net profit rises 14% to Rs 451.69 cr on higher interest income

State-owned Housing and Urban Development Corporation Ltd (HUDCO) on Friday reported a 14 per cent rise in net profit to Rs 451.69 crore for the September quarter, mainly on account of higher interest income. The company had posted a net profit of Rs 396.35 crore in the July-September quarter of 2022-23. In a stock exchange filing, HUDCO posted a higher total income of Rs 1,880.85 crore during the second quarter of the current financial year as against Rs 1,746.87 crore in the year-ago period. HUDCO's interest income in the second quarter of 2023-24 stood at Rs 1,844 crore as against Rs 1,722.74 crore a year ago. In the first six months of the year, its profit stood at Rs 897.39 crore, up from Rs 808.11 crore in the comparable period of the last year. The company's shares closed 1.08 per cent higher at Rs 80.30 apiece on the BSE.

Black Box reports Rs 32 crore profit after tax in July-September quarter

Sustained momentum in new project bookings to the tune of $80 million during the quarter leads to a robust order backlog, said a company statement

SAIL returns to black, posts Rs 1,305 crore consolidated net profit in Q2

Steel giant SAIL on Friday returned to black, posting a consolidated net profit of Rs 1,305.59 crore for September quarter 2023-24, as higher sales volumes led to increased income. It had incurred Rs 329.36 crore net loss during July-September period a year ago, Steel Authority of India Ltd (SAIL) said in a regulatory filing. Total income rose to Rs 29,858.19 crore from Rs 26,642.02 crore in the year- ago quarter. Expenses were at Rs 27,768.52 crore as against Rs 27,200.79 crore in the same quarter a year ago. "Consistent efforts by the company towards increasing its volumes have had a positive impact on the financial performance despite the significant decline in the price realization in the market. It remains committed towards improving capacity utilization, value addition and cost competitiveness besides de-carbonisation efforts," SAIL said in a statement. During the quarter, SAIL's crude steel production rose to 4.80 million tonne (MT) from 4.30 MT in July-September 2022. Sal