Page 77 - Q2 Results

Power Grid Corp Q2 results: Net profit rises nearly 4% to Rs 3,781 cr

State-owned Power Grid Corp on Tuesday posted nearly four per cent rise in its consolidated net profit to Rs 3,781.42 crore compared to a year ago mainly on the back of higher revenues. Its consolidated net profit was Rs 3,650.29 crore in the quarter ended September last year, according to a BSE filing. Total income increased to Rs 11,530.43 crore in the quarter from Rs 11,349.44 crore in the same period a year ago. The company's board of directors has approved an interim dividend of Rs 4 per equity share worth Rs 10 each (at the rate of 40 per cent of the paid-up equity share capital) for the financial year 2023-24. The interim dividend shall be paid on December 6, 2023.

Alkem Laboratories posts 87.85% increase in PAT, sales in India up by 5%

On a sequential basis, the company exhibited a 16.26 per cent increase in revenue

HCL Infosystems posts Rs 5 crore profit in Q2 on exceptional gain

HCL Infosystems on Tuesday reported a net profit of Rs 4.84 crore for September quarter 2023-24, helped by exceptional items gain. In the year-ago period, the company incurred a loss of Rs 10 crore. Total income in the quarter was Rs 14.5 crore. In the year-ago period, it was Rs 13.68 crore, according to a BSE filing by the company. Revenue from operations in the quarter under review stood at Rs 5.99 crore. In the year-ago period, it was Rs 6.93 crore. "HCL Infosystems registers Rs 5.99 crore revenue with operating loss of Rs 7.12 crore in Q2FY24," the company said. Systems integration and solutions business reported revenue of Rs 4.91 crore. The profit before tax after considering exceptional items was Rs 4.84 crore. The exceptional item gain was at Rs 11.9 crore in Q2FY24. "As stated in our earlier releases, the company has initiated arbitration proceedings against certain customers where acceptance, sign-offs and payments are held up for a long time," the company said. It ad

IRCTC Q2FY24 result: Net profit jumps 30% YoY to Rs 294 cr; revenue up 23%

The company declared an interim dividend of Rs 2.50

Business services provider Quess Corp Q2 PAT rises 79% to Rs 71 cr

Business services provider Quess Corp has reported 79 per cent year-on-year jump in profit after tax at Rs 70.95 crore for the second quarter ended September 30, riding on operational efficiencies. The company had reported a profit after tax (PAT) of Rs 39.62 crore in the corresponding period of the previous fiscal. Total revenue of the company grew 11 per cent to Rs 4,748 crore, from Rs 4,273 crore in the year-ago period, a company statement said. "This growth is due to focused efforts over the last few quarters in developing greater automation in our platforms, building operational efficiencies and focusing on high margin businesses," Group CEO Guruprasad Srinivasan said. Srinivasan further said the higher margin platforms, GTS and OAM have delivered a consistent increase in profitability along with improvement in margins over the last few quarters. The listed subsidiary, AllSec has surpassed a market cap of Rs 1,000 crore with a CAGR (compound annual growth rate) of 23 per cent

D B Realty reports 58% increase in Q2 net profit at Rs 893.74 crore

D B Realty on Tuesday reported a 58 per cent increase in its consolidated net profit to Rs 893.74 crore in the second quarter of this fiscal year. Its net profit stood at Rs 565.79 crore in the year-ago period. Income from operations grew to Rs 68.01 crore in the July-September period of 2023-24 from Rs 10.15 crore in the corresponding period of the previous year, according to a regulatory filing. Total income rose to Rs 889.86 crore in the second quarter of this fiscal as against Rs 34.12 crore in the year-ago period. The Mumbai-based company's other income rose sharply on the back of gains on divestment of subsidiaries/joint ventures and associate firms.

Sensex, Nifty take breather after 3-day winning run; pharma, PSBs rally

Closing Bell on November 7, 2023: The broader markets, on the other hand, held steady gains throughout the session, settling 0.53 per cent and 0.38 per cent higher, respectively

Alembic Pharmaceuticals' revenue surges 8.17%, PAT up 3.21% in Q2FY24

The API business reported a 10 percent growth in revenues, reaching Rs 322 crores in the quarter

FMCG industry logs 8.6% volume growth in Q2 on easing inflation: NielsenIQ

The FMCG industry in India had an overall 8.6 per cent volume growth in September quarter, helped by higher consumption as the inflationary pressure eased, according to a report by data analytics firm NielsenIQ. With correction in prices, the FMCG industry logged 9 per cent growth in value terms in July-September(Q3), reducing from the preceding quarters, it added. When inflation was at a record high, the FMCG industry had a high price-led growth in the last 5-6 quarters, though the volume was under stress. However, the trend has started reversing with the cooling of commodity prices. Besides, the rural market, which has been facing a consumption slowdown for the last several quarters, is showing signs of recovery, while the urban market is maintaining a "stable rate of growth", said the latest NielsenIQ's FMCG Quarterly snapshot. Smaller-sized packs are having higher offtake in the rural market, while in urban markets average pack sizes turn positive, though there is a continued .

Jyothy Labs' Q2 profit up 59.1% at Rs 103.98 cr on strong revenue growth

FMCG maker Jyothy Labs Ltd on Tuesday reported a 59.1 per cent jump on consolidated net profit at Rs 103.98 crore for the second quarter ended September 30, on the back of strong revenue growth. The company, which has brands like Ujala, Maxo, Exo, Henko, Pril, Margo, had posted a consolidated net profit of Rs 65.35 crore in the second quarter of the last fiscal year, Jyothy Labs said in a regulatory filing. Consolidated revenue from operations stood at Rs 732.34 crore in the quarter under review, as compared to Rs 659.2 crore in the year-ago period, it added. Total expenses in the second quarter were higher at Rs 610.45 crore, as against Rs 595.26 crore in the same period a year ago. "The demand across our product portfolio has been stable. The inflationary environment has been a constant pressure on the consumption of FMCG products," Jyothy Labs Managing Director M R Jyothy said. However, she said, "given our business potential, we continue to expand our distribution footprint ac

Zydus Lifesciences Q2 profit jumps 53% on strong domestic, US demand

Total revenue from operations rose 9.1 to Rs 4,369 crore, boosted by the strength in US formulation segment, which constitutes 44 of the business

Devyani International posts 43% drop in Q2 profit amid rise in raw material

Consolidated net profit fell to Rs 33.35 crore ($4.01 million) for the second quarter ended September 30, from Rs 58.76 crore a year ago

Oil & gas shares in demand; ONGC hits 5-year high; HPCL soars 6%, IOCL 4%

In Q2, HPCL logged a consolidated net of Rs 5,827 crore, compared to a loss of Rs 2,476 crore in year ago quarter. Revenue, however, dipped 9.7 per cent YoY to Rs 1.02 lakh crore.

TVS Supply Chain Solutions posts loss of Rs 22 cr in Q2; revenue down 16%

The company's revenue from operations during the quarter under review was seen at Rs 2,262.9 crore, down 16 per cent compared to Rs 2,680.8 crore during the same period in 2022-23

Indo Count surges 8%; stock nears record high on strong Q2 results

The company registered its highest-ever quarterly revenue, volumes and Ebitda during the September quarter.

Stocks to Watch today: Bajaj Finance, Nykaa, HPCL, IRCTC, RR Kabel, Sobha

Stocks to watch on Tuesday, November 7, 2023: Apollo Tyres, Balrampur Chini, CRISIL, IRCTC and Power Grid Corporation among prominent companies scheduled to announce results today.

India's RR Kabel profit more than doubles on strong cables, wires demand

RR Kabel's consolidated revenue from operations rose almost 20% to Rs 1,610 crore, offsetting a nearly 15% climb in total expenses, led by a spike in raw material costs

Nykaa Q2FY24 net profit jumps 50% to Rs 7.8 crore, revenue rises 22%

The firm's total expenses for the quarter came in at Rs 1,502 crore, a 22 per cent increase from Rs 1,228 crore in Q2 FY23

Steady NIM, credit costs may drive SBI's re-rating in near-term: Analysts

Worries about the impact of relatively lower capital adequacy levels, comfort of loan mix due to presence of unsecured loans, and NIM contraction cycle have been weighing on the stock

Sundaram Finance's net profit for H1 FY24 up by 22% at Rs 648 crore

Sundaram Finance Ltd (SFL) on Monday announced that it has logged highest-ever disbursements of Rs 13,430 crore for H1 FY'24, 34 per cent over and above H1 FY'23. The profit after tax registered a 22 per cent rise in H1 FY'24, with net profit at Rs 648 crore. The company had registered a net profit of Rs 529 crore in H1 FY'23. The SFL's Board of Directors approved the unaudited standalone and consolidated financial results for the half year ended September 30, 2023, at its meeting held here on Monday. Disbursements for H1 FY'24 recorded a growth of 34 per cent to Rs 13,430 crore as compared to Rs 10,054 crore registered in H1 FY'23. Also, disbursements for Q2 FY'24 recorded a growth of 35 per cent to Rs 6,941 crore as compared to Rs 5,139 crore in Q2 FY'23. The assets under management grew by 25 per cent to Rs 40,106 crore as on 30 September 2023 as against Rs 31,980 crore as on 30 September 2022. Harsha Viji, Executive Vice Chairman said: "Team Sundaram has delivered a strong fir