Page 75 - Q2 Results

Burger King India posts narrower Q2 loss at Rs 46.03 cr on store expansion

Even so, same-store sales growth, a barometer of customer retention, at Indian Burger King restaurants slowed to 3.5% from 27% a year earlier

Info Edge: Good Q2 results with hiring across segments, cautious outlook

September quarter saw hiring across segments except IT, where the management guidance continues to be cautious

Birla Corporation posts Rs 58.37 cr net profit in Q2 on ops ramp-up

The company attributed the jump in profitability to the ramp-up of Mukutban operations, cost-initiatives, premiumisation and optimization of power and fuel mix and softening fuel prices

Tata Power Q2FY24 PAT up 6.9% to Rs 876 crore on back of higher revenue

Revenue for the company rose 12.2 percent to Rs 15,738 crore largely driven by higher revenue from core businesses of generation, transmission and distribution

United Spirits Q2 PAT falls to Rs 339 cr, revenue declines to Rs 6,736.5 cr

Its revenue from operations was Rs 6,736.5 crore during the quarter under review. It was Rs 8,282.7 crore in the corresponding period of the previous fiscal

SKF India Q2 results: Net profit declines 42.5% to Rs 90.22 crore

Auto parts maker SKF India on Wednesday reported a 42.5 per cent year-on-year decline in standalone Profit After Tax (PAT) at Rs 90.22 crore in the September quarter. The company had posted a standalone PAT of Rs 155.95 crore in the second quarter of the previous fiscal. The revenue from operations of the company for the latest quarter grew 4 per cent to Rs 1,125.2 crore. In the year-ago period, it stood at Rs 1,078.3 crore, the company said in a statement. "As the external environment remained mixed this quarter, we have delivered moderate revenue growth, achieving a 4 per cent increase in revenue with a 41 per cent decrease in PBT (Profit Before Tax), year-over-year," Manish Bhatnagar, Managing Director at SKF India, said. The increase in import costs adversely impacted the margins in this quarter, he said but the normalised supply chain continues to help improve SKF India's overall operational efficiency. "Looking ahead, we will continue to maintain our focus on operational ...

Brigade Enterprises net profit up 117% to Rs 112.50 crore in Q2FY24

In Q2 FY24, Brigade reported an incremental leasing of 3 lakh square feet recording a five-time increase in quarter-on-quarter

Landmark Cars posts about 21% rise in Sep qtr profit on lower costs

The auto reseller, which was listed last December, said total expenses fell nearly 9% to Rs 755 cr. A fall in the purchase of cars and spares, which constitute the bulk of costs, pushed expenses down

Patanjali Foods Q2 results: 126% jump in net profit, revenue drops 8%

The Food and FMCG segment achieved a revenue of Rs 2,487.62 cr in the second quarter, registering a ­5.4 per cent increase from the year ago period

Pidilite Industries Q2 result: Net profit jumps 35% to Rs 45 crore

Revenue from operations was up 2.15% at Rs 3,076.04 crore during the second quarter of this fiscal

Power Finance Corporation net profit up 27% to Rs 6,628 cr in Sep qtr

State-owned Power Finance Corporation (PFC) on Wednesday posted a nearly 27 per cent rise in its consolidated net profit to Rs 6,628.17 crore in the July-September quarter compared to a year ago. The consolidated net profit of the company was Rs 5,229.33 crore in the quarter ended on September 30, 2022, a BSE filing showed. Total income rose to Rs 22,403.69 crore in the quarter from Rs 19,344.39 crore in the same period a year ago. PFC Chairman and Managing Director Parminder Chopra said, "We have delivered another successful quarter for FY 2024 with a 28 per cent increase in profit vis--vis Q2'23, reflecting our inherent strengths. "In this quarter, our Board has declared an interim dividend of Rs 4.50 per share," she stated. Till 30th September 2023, the PFC has sanctioned Rs 70,499 crore and disbursed Rs 31,508 crore under Late Payment Surcharge Scheme. Consolidated Loan Asset Book crossed Rs 9 lakh crore mark and stood at Rs 9,23,724 crore as of September 30, 2023, versus Rs

Reliance Infrastructure Q2 result: Net loss widens to Rs 294 crore

Reliance Infrastructure Ltd (RInfra) on Wednesday reported a widening of net loss to Rs 294.06 crore during the September quarter as expenses increased. It had clocked Rs 162.15 crore net loss during the July-September period of the preceding 2022-23 fiscal, the company said in a regulatory filing. The company's total income, however, increased to Rs 7,373.49 crore over Rs 6,411.42 crore in the year-ago quarter. Expenses surged to Rs 7,100.66 crore from Rs 6,395.09 crore in the same quarter a year ago. RInfra is engaged in the business of providing Engineering and Construction (E&C) services for power, roads, metro rail and other infrastructure sectors. The company is also engaged in the implementation, operation and maintenance of several projects in the defence sector and infrastructural areas through its special purpose vehicles.

Bata India Q2 results: Net profit falls 38% to Rs 34 cr, revenue down 1%

Leading shoemaker Bata India Ltd on Wednesday reported a decline of 37.77 per cent in its consolidated net profit at Rs 34 crore in the second quarter ended September 2023, citing exceptional items in its balance sheet. It had posted a net profit of Rs 54.62 crore in the July-September period a year ago, according to a regulatory filing from Bata India. Bata India's profit before tax and exceptional items stood at Rs 87 crore in the second quarter of this fiscal, helped by "consistent efficiency improvements across operations", the company said in an earnings statement. Its revenue from operations was down 1.28 per cent to Rs 819.11 crore during the quarter in comparison to Rs 829.75 crore in the corresponding period a year ago. Total expenses of Bata India in the September quarter was at Rs 747.61 crore, down 5.31 per cent. Under exceptional expenses, Bata India spent Rs 40.90 crore on the voluntary retirement scheme (VRS) at its one manufacturing unit during the quarter. Bata I

Brigade Enterprises Q2 profit jumps 72% on strong housing demand

Revenue from real estate, its largest unit, rose 70% to Rs 1,034 crore

Kamdhenu net profit grows 24% to over Rs 10 crore in September quarter

TMT bars manufacturer Kamdhenu Ltd on Wednesday posted a 24 per cent rise in its net profit to Rs 10.18 crore for the July-September quarter of 2023-24 on lower expenses. It had clocked Rs 8.21 crore net profit in the year-ago period, the company said in a regulatory filing. Total income however fell to Rs 186.59 crore over Rs 191.60 crore in the same quarter a year ago. Expenses were down at Rs 173.09 crore from Rs 180.72 crore in the year-ago quarter. The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 9 per cent to Rs 13.3 crore from Rs 12.2 crore a year ago. Satish Kumar Agarwal, Chairman & Managing Director said: "During H1FY24, our revenues grew by 3 per cent to Rs 394 crores, EBITDA by 5 per cent to Rs 29 crores and PAT by 22 per cent to Rs 22 crores. Our profitability has improved on account of increased operating leverage and further driving up cost efficiency." Part of the Kamdhenu Group, Kamdhenu Ltd is a leading TMT ...

GE T&D India Q2 results: Net profit jumps multi-fold to Rs 37.12 cr

GE T&D India on Wednesday posted a multi-fold rise in its net profit to Rs 37.17 crore in the July-September quarter compared to the year-ago period. Its net profit stood at Rs 2.76 crore in the quarter ended on September 30, 2022, a BSE filing showed. Total income of the company declined to Rs 706.90 crore in the quarter from Rs 728.84 crore in the same period a year ago. Sandeep Zanzaria, Managing Director & CEO of GE T&D India said in a statement, "We witnessed a continued surge in the order book in Q2, driven by India's energy transition needs and government's focus on renewable energy schemes. "We are also pleased to report a notable improvement in profit in the second quarter along with a significant reduction in net debt." The order bookings were Rs 1,080 crore, up 123 per cent compared to Rs 490 crore in the July-September quarter of 2022. With over 100 years of presence in India, GE T&D India is a leading player in the Power Transmission & Distribution ...

Agrochemical firm Best Agrolife Q2 net profit falls 27 pc to Rs 95 crore

Agrochemical firm Best Agrolife on Wednesday reported a 27 per cent decline in its consolidated net profit to Rs 95 crore for the second quarter of this fiscal year. Its net profit stood at Rs 130 crore in the year-ago period. Revenue from operations rose 16 per cent to Rs 811 crore during the July-September period of this fiscal year from Rs 700 crore in the corresponding period of the previous year, the company said in a statement. "Despite the challenging external environment, we have maintained a strong growth trajectory, with revenue from operations surging by 32 per cent sequentially to reach Rs 811 crore," Vimal Kumar, Managing Director of Best Agrolife Ltd, said. The company's profit margins remain resilient, driven by an improved product mix, he said. "The consistent demand for our products has shielded us from pricing pressures that generic agrochemicals are grappling with," Kumar said. Notwithstanding the industry's anticipated challenges in the forthcoming quarters, h

Eris Lifesciences Q2 results: PAT at Rs 123.4 crore, revenue up 9.7%

On a sequential basis, the company exhibited an 8.29 per cent increase in revenue, along with a PAT which rose 30.17 per cent

BHEL Q2 results: Net loss at Rs 238 cr, income dips to Rs 5,305 cr

State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) reported a consolidated net loss of Rs 238.12 crore for September quarter 2023-24. The company had logged a profit of Rs 12.10 crore in the year-ago period, a BSE filing showed. Total income dipped to Rs 5,305.38 crore in the quarter from Rs 5,418.74 crore in the same period year ago. The company had also reported a consolidated net loss of Rs 343.89 crore in April-June period this fiscal year.

Tata Power Q2 net profit rises to Rs 1,017 cr on strong growth in core biz

Tata Power on Wednesday posted a 9 per cent rise in its consolidated net profit to Rs 1,017.41 crore in the September quarter, mainly on the back of higher revenues from core business. Its consolidated net profit was Rs 935.18 crore in the year-ago period, according to a regulatory filing. Total income rose to Rs 16,029.54 crore in the July-September quarter from Rs 14,181.07 crore in the same period a year ago. In a statement, the company explained that during the quarter, a significant 84 per cent contribution to the company's Profit After Tax (PAT) came from the core businesses, while the contributions from overseas joint ventures, including coal mining operations, continued to decline. "We have reported yet another strong quarter of financial performance, driven by robust contributions from all our core business clusters. Our adherence to financial discipline, operational excellence along with business resilience and diversification have helped us in maintaining this consisten