Page 76 - Q2 Results

Welspun posts net profit at Rs 385 crore in Sep quarter on robust demand

Welspun, which also operates in the United States and Saudi Arabia, said its revenue from operations surged more than two-fold to Rs 4,059 crore, backed by its core steel products

Birla Corporation posts Rs 58.3 cr net profit in September quarter

Consolidated post-tax profit of Birla Corporation Limited, the flagship company of M P Birla group, stood at Rs 58.37 crore at the end of the second quarter ending 30 September 2023. The company posted a loss of Rs 56.46 crore in the similar previous period. During the first quarter of the current financial year, the company, primarily a cement manufacturer, stood at Rs 59.71 crore. Total income of the company during the second quarter increased 13.3 per cent at Rs 2313.23 crore as against Rs 2041.58 crore in the similar previous corresponding period, Birla Corporation said in a regulatory filing on Wednesday. The debt-equity ratio of Birla Corporation in the current second quarter stood at 0.75, the company said. The operating margin of the company during the second quarter stood at 12.88 per cent, as compared to 4.78 per cent in the similar previous period.

Raymond Q2 results: Net profit at Rs 161 cr, revenue up 4% to Rs 2,253 cr

Diversified group Raymond Ltd on Tuesday said its net profit was almost flat at Rs 161.16 crore in the second quarter ended September 2023. It had reported a net profit of Rs 161.95 crore in the July-September quarter a year ago, according to a regulatory filing from the leading textile and apparel maker. Its revenue from operations rose 3.92 per cent to Rs 2,253.40 crore during the quarter under review as against Rs 2,168.24 crore in the year-ago period. Total expenses of the Singhania family-controlled firm in the September quarter were at Rs 2,093.41 crore, up 7.12 per cent. "Raymond continues to attest its growth momentum with strong quarter-on-quarter performance and Q2FY24 was the 9th consecutive quarter that reported highest ever performance both in terms of revenue and EBITDA," the company said in an earnings statement. Raymond's total income in the September quarter was at Rs 2,320.66 crore, up 5.92 per cent. "The revenue grew by 6 per cent in the quarter to Rs 2,321 cr

CESC net profit rises to Rs 363 crore in Sep qtr on higher revenues

CESC Ltd on Wednesday posted a nearly 14 per cent rise in its consolidated net profit to Rs 363 crore in the September quarter, mainly on the back of higher revenues. The consolidated net profit of the company was Rs 319 crore in the quarter ended September last year, according to a regulatory filing. Total income of the company rose to Rs 4,414 crore in the quarter from Rs 3,977 crore in the same period a year ago. The company's board of directors has also considered exploring the possibilities of substantial investments in renewable energy generation space (up to 3 gigawatt) through its subsidiaries in more than one state in India to increase the company's renewable footprint and partially meet the renewables purchase obligations of its distribution business, the filing said.

Gensol Engineering Q2 results: Net profit up at Rs 16 cr on higher income

Gensol Engineering on Wednesday said its standalone net profit more than doubled to Rs 15.68 crore for September quarter 2023-24, helped by higher income. It had clocked Rs 7.31 crore net profit in the year-ago period, the company said in a regulatory filing. Total income rose to Rs 201.61 crore from Rs 80.29 crore in the same quarter a year ago. Expenses were at Rs 180.21 crore, as against Rs 71.69 crore in the year-ago quarter. The company is a part of Gensol Group which offers engineering, procurement, and construction (EPC) services for 0development of solar power plants. Gensol has also established a electric vehicle manufacturing facility in Pune to develop and produce electric three-wheelers and four-wheelers. "H1FY24 has been a half year of remarkable leaps for Gensol, with 88 per cent revenue growth and 24 per cent PAT increase. "Strategic moves like the acquisition of Scorpius Trackers, international foray with EPC projects in the UAE, securing a Letter of Intent (LoI)

Mid, smallcaps gain in listless trade; OMC, realty stocks rally, banks weak

Closing Bell on November 8, 2023: Volatility index, India VIX, was down over 1 per cent today as ended at 11 levels

Gujarat Pipavav Port net profit grows 51% to over Rs 107 cr in Sept quarter

Gujarat Pipavav Port Ltd on Wednesday posted a 51 per cent rise in consolidated net profit at Rs 107.6 crore for the September quarter, helped by higher income. It had clocked Rs 70.8 crore net profit for the year-ago period, the company said in a regulatory filing. Total income rose to Rs 274.2 crore, from Rs 237.8 crore in the same quarter a year ago. Expenses were at Rs 132.9 crore, as against Rs 137.2 crore in the year-ago quarter. The Board of Directors have also approved an interim dividend of Rs 3.60 per share for the financial year 2023-24 and fixed November 21 as the record date to determine the members eligible for receiving the amount. The dividend amount is likely to be paid to eligible members by December 5, 2023. APM Terminals Pipavav is located in Gujarat, just 152 nautical miles (10 hours steaming time) from Nhava Sheva in Mumbai. It has immediate access to key markets in northwest India and the largest sea food export belt in India via road and rail, including di

Brookfield India REIT Q2 net operating income up 44% to Rs 346.7 crore

Brookfield India Real Estate Trust on Tuesday reported a 44 per cent rise in net operating income to Rs 346.7 crore in the second quarter of this fiscal year and distributed Rs 193.2 crore to unit holders, primarily as dividend. Its net operating income (NOI) stood at Rs 241.3 crore in the year-ago period. In a regulatory filing, the company informed that it achieved gross leasing of 5.21 lakh square feet during the July-September period of 2023-24 financial year. Income from operating lease rentals increased by 33 per cent to Rs 274.1 crore in the second quarter of this fiscal, from Rs 205.6 crore in the year-ago period. Brookfield India Real Estate Trust has seven large integrated office parks located in Mumbai, Gurugram, Noida, and Kolkata. Its portfolio consists of 25.3 million square feet of total leasable area, comprising 20.7 million square feet of operating area, 0.7 million square feet of under construction area and 3.9 million square feet of future development ...

Reliance Capital Q2FY24 result: Net loss at Rs 239 cr; revenue up 10%

The company's revenue from operations was up 10.29 per cent to Rs 6,392.6 crore during the quarter under review against Rs 5,795.8 crore last year

IRCTC Q2 results: Profit rises 30% to Rs 295 crore, revenue up 23%

State-owned IRCTC on Wednesday reported 30.36 per cent rise in net profit at Rs 294.67 crore for September quarter 2023-24. The company had logged a net profit of Rs 226.03 crore in the year-ago period, it said in a BSE filing. Total revenue increased 23.51 per cent to Rs 995.31 crore in comparison to Rs 805.80 crore in Q2FY23, Indian Railway Catering and Tourism Corporation (IRCTC) said. The company said its board has declared an interim dividend of Rs 2.50 per equity share. IRCTC was conceived as an extended arm of Indian Railways with an aim to upgrade, professionalise, and manage catering and hospitality services at stations, on trains, and other locations. Additionally, it has been instrumental in promoting both domestic and international tourism. The company comes under Ministry of Railways.

Stocks to Watch today: RIL, Apollo Tyres, IRCTC, IndiGo, Dilip Buildcon

Stocks to watch on Wednesday, November 08, 2023: Reliance lines-up biggest-ever bond sale worth Rs 24,000 crore; Apollo Tyres, Dilip Buildcon post bumper profit in Q2, stocks likely to react today.

Dilip Buildcon Q2 profit rises to Rs 68.63 cr on steady infra demand

Analysts said the decline in the company's order book, indicative of its project pipeline, came amid weak spending trends in road infrastructure

Soda ash maker GHCL reports 51% decline in Q2 net profit at Rs 143 cr

Leading soda ash maker GHCL Ltd on Tuesday reported a decline of 51.45 per cent in its consolidated net profit to Rs 142.84 crore in the second quarter ended September 2023. It had reported a net profit of Rs 294.25 crore in the July-September quarter a year ago, according to a regulatory filing from GHCL. Its revenue from operation was down 31.53 per cent to Rs 805.42 crore during the quarter, in comparison to Rs 1,176.37 crore a year ago. Total expenses in the September quarter were at Rs 625.19 crore, down 22 per cent. "Our performance during the quarter was influenced by several factors like continued weakness in the global soda ash markets resulting in oversupply situation, increased imports in India and reduction in energy and associated costs," said R S Jalan, managing director of GHCL. While the global markets continue to remain soft, GHCL is beginning to observe early signs of demand recovery in domestic market especially in the conventional end-user sectors, he said. "T

Tata-owned Trent Q2 profit surges three fold, shares hit record high

Shares of Trent rose as much as 8.7% to a record high of Rs 2,427.1 after the results

Apollo Tyres Q2 profit jumps two-fold at Rs 474 cr on higher auto sales

The start of the agricultural season will increase demand for replacement tyres in FY24 by high single-digits to low double-digits, analysts said

Info Edge net profit more than doubles to Rs 240 cr in Jul-Sep qtr

Internet company Info Edge on Tuesday posted a two-fold jump in consolidated net profit to Rs 240 crore for the September quarter. The company had posted net profit of about Rs 94 crore in the year-ago period, according to a company's regulatory filing on Tuesday. The consolidated revenue from operations of the company grew 3.59 per cent to Rs 625.84 crore in the second quarter of the current fiscal from Rs 604 crore it posted a year ago. The real estate vertical of Info Edge, 99acres.com, continued its growth trend for the past few quarters and delivered a strong performance in the September quarter with a revenue growth of 25.2 per cent. The company's revenues in the recruitment business grew 9.1 per cent year-on-year during the quarter. "Good execution in 99acres and Jeevansathi business helped reduce burn in these verticals substantially during the quarter. The non-IT hiring market continued to be strong but a slowdown in IT hiring dragged down Naukri growth," Info Edge Managi

BLS International net profit in Q2 rises nearly 61% to Rs 82 crore

Visa and consular services provider BLS International Services has posted a 60.81 per cent jump in its profit to Rs 82 crore in the second quarter of the current fiscal. The New Delhi-headquartered company's profit after tax (PAT) was Rs 50.99 crore during July-September quarter of 2022-23. According to the company's stock exchange filing, for the quarter that ended September 30, 2023, consolidated revenue rose 14.3 per cent year-on-year to Rs 407.7 crore, while operating EBITDA witnessed a growth of 52.7 per cent to Rs 86.7 crore. "Despite revenue growth of 14.3 per cent year-on-year in the quarter, our EBITDA and PAT witnessed robust growth of 52.7 per cent and 60.8 per cent year-on-year, respectively," said Shikhar Aggarwal, Joint Managing Director, BLS International Services. Favourable business mix resulted in the expansion of EBITDA margins, which sustained above the 20 per cent mark this quarter, he said. The company continues to be one of the world's top three visa and ...

Eveready second quarter net profit jumps 73% on easing input cost

Battery and flashlight major Eveready Industries India Ltd (EIIL) on Tuesday reported a 73.5 per cent increase in consolidated net profit to Rs 25.44 crore for the second quarter of the current fiscal on easing input cost. The city-based company had posted a net profit of Rs 14.73 crore in the corresponding quarter last fiscal, the company said in a regulatory filing. Revenue from operation during the July-September quarter was lower by three per cent to Rs 364.9 crore as compared to Rs 375.7 crore in the year-ago period. Operating EBITDA (earnings before interest, taxes, depreciation, and amortisation) margin improved to 12.7 per cent from 11.4 per cent in the second quarter of the 2022-23 fiscal. Eveready Industries said the revenue performance was nearly flat owing to the distribution revamp, which is expected to normalise in the coming quarters. Battery-operated flashlights continued to degrow despite healthy growth in rechargeable category, it said. "Favourable trends in key

Shree Cement beats profit view in Jul-Sep quarter on strong infra demand

According to a Jefferies' pre-earning note, cement prices during the quarter increased ~0.5-1% at the all-India level, with the rates rising the most in the country's eastern region

Dhanuka Agritech Q2 results: Net profit rises 39% to Rs 102 crore

Agrochemical firm Dhanuka Agritech on Tuesday reported a 39 per cent rise in its net profit to Rs 101.77 crore in the September quarter. Its net profit stood at Rs 73.02 crore in the year-ago period. Total income rose 14 per cent to Rs 617.92 crore in the July-September period of from Rs 542.90 crore a year ago, the company said. "The company did reasonably well during challenging times amid erratic rainfall, falling prices, and subdued exports demand," Dhanuka Agritech Managing Director M K Dhanuka said in a statement. The uneven rainfall in the country also impacted our revenue and bottom line, he said. "We are cautiously optimistic about the demand in the remaining part of the fiscal year amid El Nino conditions and global inventory in the agrochemicals," he said. The demand for agrochemicals is expected to improve in the third quarter of the fiscal onwards, the MD noted. "In the backdrop of higher MSPs for the rabi crop announced by the government, and increased water levels