Page 73 - Q2 Results

Apollo Hospitals posts July-Sept standalone profit after tax of Rs 295 cr

Apollo Hospitals Enterprise Ltd has recorded a standalone profit after tax of Rs 294.8 crore for the three months ended September 30, 2023, the healthcare major said on Friday. Apollo Hospitals reported a standalone profit after tax of Rs 279.1 crore during the corresponding quarter last year. For the half-year period ended September 30, 2023, the standalone profit after tax stood at Rs 508.9 crore, as against Rs 612.3 crore registered in the same period last year, the company said on Friday. Total income on a standalone basis during the quarter under review grew to Rs 1,931.1 crore from Rs 1,758.5 crore during the corresponding quarter of the previous year. For the six-month period ended September 30, 2023, the standalone total income grew to Rs 3,637.3 crore against Rs 3,298.7 crore registered in the same period last year. In a statement, Apollo Hospitals said the board, based on the recommendations of the investment committee, has evaluated and approved an expansion plan for th

BCL Industries returns to black, posts net profit of Rs 19 cr in Q2

BCL Industries on Friday returned to black, posting a consolidated net profit of Rs 19.67 crore for September quarter 2023-24. It had clocked a loss of Rs 81 lakh in the year-ago period, the company said in a regulatory filing. Total income increased to Rs 482.72 crore from Rs 455.24 crore in the same quarter a year ago. Expenses fell to Rs 452.40 crore from Rs 456.52 crore in the year-ago period. BCL Industries is the only company in India and the South Asian region to have a forward and backward integrated ethanol plant.

Jaiprakash Power Ventures Q2 results: Net profit dips 9% to Rs 68 cr

Jaiprakash Power Ventures Ltd's consolidated net profit witnessed a nearly nine per cent year-on-year decline to Rs 68.66 crore in the quarter ended September 30, 2023. The consolidated net profit of the company was Rs 75.42 crore in the quarter ended September 30, 2022, the company said in a regulatory filing. Total income also declined to Rs 1,359.23 crore in the quarter, from 1,501.33 crore in the same period a year ago.

Fag-end buying in pvt banks, RIL help lift Sensex 72 pts, Nifty atop 19,400

Closing Bell on November 10, 2023: Among sectors, the Nifty Media index fell 1.2 per cent, followed by the Nifty Auto index (down 0.35 per cent)

NBCC Q2 net profit falls 16% on provisioning for loss in Gurugram project

State-owned NBCC (India) Ltd has reported a 16 per cent decline in its consolidated net profit to Rs 81.90 crore for the second quarter of this fiscal due to provisioning for expected loss in a Gurugram housing project. Its net profit stood at Rs 97.72 crore in the year-ago period. The total income, however, rose to Rs 2,129.09 crore during the July-September period of 2023-24 from Rs 2073.89 crore in the corresponding period of the previous year, a regulatory filing said on Thursday. The company's consolidated net profit increased to Rs 159.31 crore in the September 2023 quarter against Rs 92.87 crore in the year-ago period. Its total income rose to Rs 4,094.90 crore in the first six months of this fiscal from Rs 3,927.13 crore in the corresponding period of the previous year. A preferred partner of the government for infrastructure projects, NBCC's 93.22 per cent of business revenue comes from the PMC (project management consultancy) segment and redevelopment works on a consolid

GVK Power and Infra Q2 results: Net profit rises marginally to Rs 156 cr

GVK Power and Infrastructure Ltd on Friday posted a marginal rise of 1.48 per cent in its consolidated net profit to Rs 156.15 crore during the quarter ended September 2023, helped by increased income. It had clocked a net profit of Rs 153.87 crore during the July-September quarter of the preceding fiscal, the company said in a regulatory filing. The company's total income fell to Rs 395.75 crore from Rs 1,012.05 crore in the year-ago period. Its expenses declined to Rs 224.43 crore as against Rs 840.10 crore in the July-September quarter last year. GVK is an Indian conglomerate with diversified interests across various sectors, including energy, airports, transportation, hospitality and life sciences.

Hindalco Industries profit remains flat at Rs 2,196 cr in September quarter

Aditya Birla Group's metal flagship Hindalco Industries said its consolidated profit was almost flat at Rs 2,196 crore in the quarter ended September 2023. The company had posted a consolidated profit of Rs 2,205 crore in the July-September period of the previous fiscal, Hindalco Industries said in a filing to BSE. In a statement, the company said its net profit at Rs 2,196 crore was in line with the previous-year quarter, and down 11 per cent quarter on quarter, mainly due to accounting adjustments arising out of conversion from US GAAP to Indian accounting standard Ind AS. The consolidated total income of the company during July-September period dropped to Rs 54,632 crore from Rs 56,504 crore in the year-ago period, Hindalco Industries said. All the business segments of the company experienced improved quarter-on-quarter (Q-o-Q) performance. The copper business achieved its highest quarterly EBITDA of Rs 653 crore, a 23 per cent rise Q-o-Q, due to highest-ever metal ...

M&M Ltd Q2 result: Consolidated net profit at Rs 2,348 cr; revenue up 14%

The total income for Q2FY24 came in at Rs 35,027.23 crore, compared to Rs 30,130.85 crore year-on-year, registering a rise of 16.25%

Hindustan Aeronautics hits new peak, up 4% on signing pact with Airbus

HALand Airbus have signed a contract for establishing Repair and Overhaul (MRO) facilities for A-320 family of aircrafts.

Signature Global Q2 loss narrows to Rs 20 cr; buys 25 acres in Gurugram

Realty firm Signature Global has posted a consolidated net loss of Rs 19.92 crore in the second quarter of this fiscal and said it will acquire an entity having 25 acres of land in Gurugram at nearly Rs 500 crore enterprise value. Its net loss stood at Rs 59.25 crore in the year-ago period. Total income also fell to Rs 121.16 crore during July-September period of 2023-24 financial year from Rs 135.68 crore in the corresponding period of the previous year, according to a regulatory filing on Thursday. Total expenses declined to Rs 144.84 crore in the second quarter of this fiscal year from Rs 223.33 crore in the year-ago period. Signature Global also announced that it has signed a definitive agreement to acquire 100 per cent stake in Gurugram Commercity Pvt Ltd (GCPL), which owns 25.14 acre land in Sector 71 Gurugram. The enterprise value of GCPL is Rs 495 crore. "The acquisition of GCPL will result in the Company owning ~25.14 acres of land parcel in the prime location of sector-

New India Assurance posts one-off loss of Rs 200 cr in Q2FY24 due to floods

The underwriting loss of the largest general insurer widened to Rs 2446.93 crore from Rs 1506.92 crore in Q2FY23

Campus Activewear tanks 10%; hits new low on weak Q2 results

The company experienced subdued performance amid reduced sales volumes during the quarter due to a difficult macro-economic environment and some channel inventory correction, the management said.

Stocks to Watch today: Tata Motors, ZEE, Ashok Leyland, GIC, Aurobindo, HGS

Stocks to watch on Friday, November 10, 2023: Biocon, Hindustan Aeronautics, Hindalco, LIC, M&M, ONGC, SAIL and Tata Chemicals among prominent companies scheduled to announce Q2 results today.

Shriram Life insurance posts Rs 70 cr net profit in first half of 2023-24

Shriram Life Insurance announced an 88 per cent increase in new business premium for retail and group policies in H1FY24 at Rs 860 crore compared to the year-ago period

Piramal Enterprise reports net profit of Rs 48 crore in July-Sept quarter

The Net Interest Income (NII) moderated to Rs 750 crore in the quarter under review from Rs 829 crore in the year ago period

ABB India net profit up 83.7% on back of improved operational performance

New order wins in the quarter ended September 2023 was at Rs 3,004 crore, up 14 per cent from a year ago, with an outstanding order book of Rs 8,008 crore

Coffee Day logs Q2 loss at Rs 109.15 cr on account of exceptional items

Coffee Day Enterprises Ltd on Thursday reported a consolidated net loss of Rs 109.15 crore for the second quarter ended September 2023 on account of exceptional items. It had reported a profit of Rs 4.35 crore in the July-Septemer period a year ago, according to a regulatory filing from Coffee Day Enterprises Ltd (CDEL). However, its revenue from operations was up 12.75 per cent at Rs 258.40 crore in the second quarter of this fiscal. It was at Rs 229.16 crore in the year-ago period. It has expenses of Rs 119.22 crore in the exceptional items. CDEL had a Profit before exceptional items and tax of Rs 3.50 crore. "During the Quarter ended 30 September 2023, Tanglin Developments Limited(subsidiary) has received its Global Village Second tranche sale proceeds of Rs 349 crores prost deductions of certain expenses incurred by GV Tech Parks on behalf of the Tanglin Developments Limited(subsidiary) and for non-satisfaction of certain CP's as agreed in the investment agreement and an amoun

Street cautious on Tata Power stock after Q2 results; bearish calls persist

Results were boosted by higher plant utilisation (60 per cent) at Mundra UMPP, driven by Section 11 tariffs

Adani Ports and SEZ profit rises 4.2% to Rs 1,748 crore in Q2FY24

Net sales of the port operator and logistics company rose by 27.6 per cent Y-o-Y to Rs 6,646 crore. This was a 6.4 per cent increase quarter-on-quarter (Q-o-Q)

Bosch Q2 results: Net profit rises to Rs 999 cr on higher auto parts demand

Indian automakers saw higher demand for passenger and commercial vehicles during the quarter as well as easing semiconductor chip shortage, which helped boost volumes