Page 74 - Q2 Results

Oil India's Q2 profit drops 80% to Rs 2,363 cr by litigation charge

Oil India took on charges related to an ongoing litigation over a service tax demand raised in the states of Assam, Arunachal Pradesh and Rajasthan

Aurobindo Pharma posts 84% jump in Q2 profit on strong overseas demand

India's generic drug makers, which draw a significant share of revenue from the United States, are slowly recovering from the effects of eroding prices in the world's largest drug market

ABFRL posts Rs 200.34 cr loss for Jul-Sep, sales at Rs 2,509.57 cr

Aditya Birla Fashion and Retail Ltd on Thursday reported a consolidated net loss of Rs 200.34 crore for the second quarter ended September 2023. The company had a net profit of Rs 29.42 crore during the July-September quarter of the previous fiscal, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL). Its revenue from operations was at Rs 3,226.44 crore crore during the second quarter of this fiscal. It was at Rs 3,074.61 crore in the corresponding period of the previous fiscal. The Aditya Birla group firm completed the acquisition of TCNS Clothing on September 26, 2023. "The consolidated financial results for the quarter ended September 30, 2023, are not comparable with previous quarters pursuant to the acquisition of subsidiary TCNS Clothing Co. Ltd," it said. ABFRL's total expenses were at Rs 3,500.27 crore in the September quarter. Its revenue from the Madura Fashion & Lifestyle' segment was at Rs 2,275.94 crore and Rs 1,021.50 crore from ...

Zee Entertainment Q2 results: Net profit rises 8.9% to Rs 122.96 crore

Zee Entertainment Enterprise Ltd (ZEEL) on Thursday reported an increase of 8.92 per cent in its consolidated net profit to Rs 122.96 crore for the September quarter. It had posted a net profit of Rs 112.89 crore in the July-September quarter a year ago, according to a regulatory filing. Its total income was 23 per cent higher at Rs 2,509.57 crore in the second quarter of this fiscal in comparison with Rs 2,040.87 crore in the year-ago period. This was led by a "strong performance in digital and healthy viewership gains in linear," an earnings statement from ZEEL said. However, "YoY margins lower due to increase in content cost and investment in ZEE5," it said. ZEEL's total expenses in the September quarter rose 23.02 per cent to Rs 2,205.67 crore. Its revenue from advertisement fell 3.3 per cent to Rs 979.17 crore in the July-Septemer quarter of FY24. "Some early pick up in Ad spending was witnessed led by FMCG during Q2, the overall pace of Ad environment recovery continues to

Bajaj Consumer Q2 results: Net profit rises 17.75% to 37.27 crore

FMCG firm Bajaj Consumer Care Ltd on Thursday reported a 17.75 per cent increase in consolidated net profit to Rs 37.27 crore for the September quarter. The company reported a net profit of Rs 31.65 crore in the year-ago period, according to a regulatory filing from Bajaj Consumer Care, a part of the Bajaj Group of Companies. Its revenue from the sale of goods was Rs 231.69 crore, marginally up during the second quarter of the ongoing fiscal compared to Rs 229.70 crore a year ago. It had a "volume growth of 4 per cent in Q2 FY24 and 7 per cent in H1 FY24 YoY," said an earning presentation by the company. Total expenses of Bajaj Consumer Care, which operates mainly in the beauty care category, were at Rs 200.86 crore, down 1.51 per cent in the September quarter. Bajaj Consumer Care's total revenue from operations was Rs 234.84 crore, up 1.02 per cent. Shares of Bajaj Consumer Care Ltd on Thursday settled at Rs 219.90, down 7.78 per cent from the previous close.

Muthoot Finance Q2 profit rises 14% to Rs 991 cr, misses estimates

Muthoot's main rival Manappuram Finance is set to report second-quarter results on Nov. 13

Torrent Power's Q2 net profit rises 12% to Rs 543 cr on higher revenues

Torrent Power on Thursday posted a 12 per cent increase in consolidated net profit to Rs 543 crore in the September quarter on the back of higher revenues. The consolidated net profit of the company was Rs 484 crore in the year-ago period, as per a BSE filing. The company's total income rose to Rs 7,069.11 crore during the quarter from Rs 6,797.21 in the same period a year ago. The company said major reasons for an improvement in the total comprehensive income for the quarter include increase in contribution from merchant power sales in gas-based power plants and increase in contribution from licensed distribution businesses. Higher contribution from renewable businesses due to capacity addition and higher wind PLF (capacity utilisation) also helped improve total comprehensive income. The other reason was decrease in tax expenses. Its total comprehensive income increased 9 per cent to Rs 531 crore from Rs 485 crore a year ago. Torrent Power is one of the largest companies in the

GSK's India arm posts 12.5% Q2 profit at Rs 218 cr on strong vaccine demand

Shares in GSK India closed up 0.3% ahead of results on Thursday, where the Nifty Pharma index closed down 0.03% today

ABB India Q2 net profit rises 79% to Rs 362 cr, income up at Rs 2,846 cr

Electrification and automation major ABB India on Thursday posted a 79 per cent rise in its net profit to Rs 362 crore in the September quarter compared to the year-ago period mainly on the back of higher revenues. It net profit stood at Rs 203 crore in the quarter ended on September 30, 2022, a BSE filing showed. Total income rose to Rs 2,846.01 crore in the quarter from Rs 2,166.62 crore in the same quarter a year ago. The company follows the January-December financial year. Sanjeev Sharma, Managing Director, ABB India said in a statement, "We are pleased to announce another strong quarter marked by double-digit revenue growth and continuity in order backlog buildup. "We are seeing momentum in large orders intake that shows customers' preference for our energy-efficient and high-quality solutions in diverse market segments, he added. The company's cash position continues to remain robust at Rs 4,356 crore at the end of Q3 2023 (July-September 2023). The Company reported an EPS

Airtel Payments Bank Q2 results: Net profit rises to Rs 7.7 crore

Airtel Payments Bank on Thursday posted a multifold jump in net profit to Rs 7.7 crore in the September quarter mainly on account of uptick in saving accounts. The company, which is the only profitable payments bank, had posted a profit of Rs 3 crore in the year-ago period. The revenue of Airtel Payments Bank grew 39 per cent on a year-on-year basis to Rs 427 crore during the reported quarter. The bank's Monthly Transacting Users (MTUs) grew to Rs 5.8 crore, giving a boost to customer deposits, which grew 52 per cent year-on-year to Rs 2,060 crore, Airtel Payments Bank said in a statement. "The growth in revenue and MTUs is driven primarily by an uptick in the bank's savings bank accounts," the statement said. The bank's annualised gross merchandise value stands at over Rs 2,50,000 crore. "The success we have attained reaffirms the viability of the payments bank model, underscoring its pivotal role in addressing the digital and financial inclusion needs of India. We are well pois

Ircon International Q2 results: Net PAT rises 44% to Rs 251 crore

Ircon International Ltd, a navratna public sector enterprise and a leading turnkey construction company, on Thursday reported a 44 per cent rise in consolidated Profit After Tax (PAT) of Rs 250.8 crore in the September quarter. The company had posted a consolidated PAT of Rs 174.2 crore in the year-ago period, Ircon International said in a filing to the BSE. The company said its consolidated total income increased to Rs 3,136.3 crore in the second quarter of the ongoing fiscal from Rs 2,305.9 crore in the same quarter last year. The total order book of the company stood at Rs 32,152 crore as on September 30, it said. IRCON is engaged in the railways and highways sectors and comes under the Ministry of Railways.

Ramco Cements beats Q2 profit view, net PAT grows nine times to Rs 101 cr

Sales volumes grew 38%, supported by pressurized prices in southern India, from where Ramco derived 81% of its total volumes in the reported quarter

Granules India's Q2 revenue rises 3.4% on higher sales in North America

Its shares gained 19.5% in the September-quarter, outperforming the Nifty pharma index, which climbed 12%

Jockey India licensee posts 7.3% fall in Q2 profit as inflation hits demand

India's malls and high streets saw lower footfall during the quarter as rising inflation forced people to tighten their belts.

Nalco posts 49% increase in net profit at Rs 187 crore in Sep quarter

State-owned National Aluminium Company Ltd (Nalco) on Thursday reported a 49.3 per cent increase in consolidated profit to Rs 187.35 crore for the September quarter. The company had posted a consolidated profit of Rs 125.43 crore in the year-ago period, Nalco said in a filing to the BSE. However, the consolidated income of the company during the July-September period dropped to Rs 3,112.02 crore over Rs 3,558.85 crore in the year-ago period. Nalco is a navratna public sector undertaking under the Ministry of Mines.

Sensex falls 143 pts, Nifty below 19,400; RIL, Infosys weigh, M&M gains 4%

Closing Bell on November 9, 2023: In the broader markets, the BSE MidCap index added 0.06 per cent, but the BSE SmallCap index slipped 0.27 per cent

Adani Ports Q2 result: Consolidated profit at Rs 1,761 cr; revenue up 27%

The company's revenue from operations was up 27.55 per cent to Rs 6,646.41 crore during the quarter under review against Rs 5,210.80 crore last year

Kirloskar Industries Q2 result: Net profit at Rs 91 cr; revenue down 11%

The total income for Q2FY24 came in at Rs 1,588.88 crore, compared to Rs 1,810,97 crore year-on-year

Neuland Labs surges 36% in 4 days on robust Q2 results; up 270% in 9 months

The EBITDA margin improvement of 980 bps points to 33.4 per cent is a result of not only the revenue momentum but also a shift towards high margin business, the management said.

Stocks to Watch: Vedanta, Adani Ports, Lupin, Tata Power, MCX, BHEL, IFCI

Stocks to watch on Thursday, November 09, 2023: Adani Ports Sri Lankan JV to get $553 mn funding from the US DFC. Patanjali, Phoenix Mills and Brigade Enterprises to react to strong jump in Q2 profit.