Page 78 - Q2 Results

NHPC net profit rises marginally to Rs 1,693 crore in September quarter

State-owned hydro power giant NHPC on Monday posted a marginal rise in its consolidated net profit to Rs 1,693.26 crore compared to a year ago. Its consolidated net profit was Rs 1,685.81 crore in the quarter ended September last year, a BSE filing showed. Total income dipped to Rs 3,113.82 crore in the reporting quarter from Rs 3,477.93 crore recorded in the same period a year ago.

Fusion Micro Finance Q2 results: Net profit jumps 32% to Rs 126 cr

Fusion Micro Finance on Monday reported a 32 per cent increase in net profit to Rs 126 crore in the second quarter ended September 2023, mainly driven by higher interest income. The microfinance entity had posted a net profit of Rs 95 crore in the same quarter a year ago. Its total income increased to Rs 571.26 crore in the second quarter against Rs 452.3 crore in the year-ago period, Fusion Micro Finance said in a regulatory filing. The interest income improved to Rs 496.80 crore from Rs 399.76 crore in the same quarter of the previous financial year. Net interest income (NII) increased 26.33 per cent to Rs 304.54 crore from Rs 241.07 crore in the same quarter a year ago. Its asset under management (AUM) grew by 25 per cent to Rs 10,026 crore compared to Rs 8,047 at the end of September 2022. The capital adequacy ratio of the firm further improved to 28.78 per cent as against 20.97 per cent at the end of September 30, 2022.

Honeywell Automation India's profit growth slows on higher expenses

Quarterly revenue was up 39% at Rs 1,104 crore, however, a 44% rise in its total expenses, in line with the trend seen in the previous three quarters, weighed on profit

V-Mart Retail reports net loss at Rs 64 crore in July-September quarter

V-Mart Retail Ltd on Monday reported a net loss of Rs 64.12 crore for the second quarter ended September 2023. It had incurred a net loss of Rs 11.31 crore in July-September period a year ago, according to a regulatory filing by the value retailer. Revenue from operations in the September quarter was Rs 549.43 crore. It was at Rs 506.16 crore in the corresponding quarter, it said. According to the company, its results are not comparable as the results include business operations of digital marketplace LimeRoad acquired during the previous year. "Accordingly, result of the quarter ended September 30, 2022 is not comparable," it said. V Mart's total expenses in the September quarter were at Rs 637.84 crore. Shares of V-Mart Retail Ltd on Monday settled at Rs 1,702.45 apiece, down 0.46 per cent from the previous close.

Real estate developer Sobha posts Q2 profit fall on higher expenses

Analysts, however, flagged muted launches by regional developers, including Sobha peers Prestige Estate Projects and Brigade Enterprises

Max Healthcare Q2 results: Net profit falls 39.5%; revenue up 19%

International patient revenue also grew by 25 per cent Y-o-Y

Adani Energy Solutions Q2 results: Net profit rises 33%, revenue up 15.3%

The rise in consolidated revenue, the company said, was on account of newly commissioned transmission lines and other related commissioning

Exide Industries Q2 result: PAT up 12% to Rs 270 cr, revenue at Rs 4,371 cr

Battery maker Exide Industries Ltd on Monday reported 12.11 per cent rise in consolidated profit after tax (PAT) at Rs 270.32 crore for the second quarter ended September 30, 2023. The company had posted a PAT of Rs 241.12 crore for the year-ago period, Exide Industries said in a regulatory filing. Revenue from operations stood at Rs 4,371.52 crore as against Rs 3,841.13 crore in the corresponding quarter a year ago, it added. Total expenses were higher at Rs 4,043.57 crore as compared to Rs 3,550.31 crore in the year-ago period. "Sales growth of 10 per cent during the quarter was broad-based with both automotive and industrial verticals growing at a healthy pace. Input costs were slightly lower, and this, along with effective cost optimization initiatives, aided growth in profit," Exide Industries MD and CEO Subir Chakraborty said. During the second quarter, in the automotive division, demand started to pick up both with OEMs (Original Equipment Manufacturers) and in the replacem

Gland Pharma Q2 result: Net profit fell 20% to Rs 194 cr on higher expenses

Gland Pharma reported a nearly 32% jump in revenue from operations to Rs 1,373 crore, driven by higher sales from the acquisition of the French pharmaceutical group Cenexi in January

Metropolis Healthcare PAT declines 12%, consolidated revenue up 2.7%

EBITDA stood at Rs 77.8 crore, declining 6.2 per cent year-on-year and growing 16.1 per cent sequentially

Adani Energy Q2 result: Net profit jumps 46% to Rs 284 cr; income up 11%

The total income for Q2FY24 came in at Rs 3,766.46 crore, compared to Rs 3,376.57 crore year-on-year

Max Healthcare Institute Q2 results: PAT rises 27% to Rs 338 crore

Max Healthcare Institute Ltd on Monday reported a 26.59 per cent rise in profit after tax to Rs 338 crore in the quarter ended September 30, 2023. The company had registered a profit after tax of Rs 267 crore in the same quarter last fiscal, Max Healthcare Institute said in a statement. Network gross revenue, including subsidiaries, managed hospitals and partner healthcare facilities, stood at Rs 1,827 crore as compared to Rs 1,567 crore in the year-ago period, up 16.59 per cent, it added. "Q2 results are in line with our expectations and reflect the continuous focus on execution at the grass-root level," Max Healthcare Institute Chairman and Managing Director Abhay Soi said. The company said all hospitals improved their average revenue per operating bed (ARPOB) during the period and the overall average growth in ARPOB stood at 13 per cent year-on-year (YoY). During the quarter, international patient revenue grew by 25 per cent as compared to the year-ago period, and the share of

Emami Q2FY24 result: Net profit falls 3% to Rs 178.5 crore, revenue up 6%

In September, Emami announced the acquisition of a 26% stake in Axiom Ayurveda, which markets beverage products under the brand 'AloFrut'

Bikaji Foods posts 47% profit rise in Q2 as raw material costs ease

Net income surged 47.3% to Rs 611.9 million, as materials cost edged up only 1.4% compared with the almost 3% increase in the previous quarter

Nykaa Q2FY24 result: Net profit jumps 50% YoY to Rs 7.8 cr; revenue up 22%

The total income for Q2FY24 came in at Rs 1,515.6 crore, compared to Rs 1,237.3 crore year-on-year

Barbeque-Nation posts net loss of Rs 12.37 cr in second straight quarter

India's retail inflation remained above the Reserve Bank of India's 2%-6% tolerance for most of the reporting quarter, and eased to 5.02% only in September

Bajaj Electricals Q2 results: Net profit declines 56% to Rs 27.3 cr

Bajaj Electricals Ltd on Monday reported a 56 per cent decline in consolidated net profit to Rs 27.28 crore for the September quarter on account of weak consumer demand. The company had posted a net profit of Rs 62 crore in the July-September period a year ago, according to a regulatory filing. Its net sales declined 3.76 per cent to Rs 1,107.40 crore in the second quarter of the current fiscal as against Rs 1,150.77 crore in the year-ago period. "The company has achieved a stable performance amidst a weak consumer demand sentiment," its chairman Shekhar Bajaj said in an earnings statement. Bajaj Electricals' total expenses in the September quarter rose 1.2 per cent to Rs 1,097.11 crore. Its revenue from consumer products fell 2.86 per cent to Rs 857.57 crore as against Rs 882.87 crore in the corresponding quarter in the preceding fiscal year. Similarly, revenue from the lighting solutions segment declined 7.42 per cent to Rs 255.25 crore in comparison to Rs 275.73 crore a year .

Sensex zooms 595 pts, Nifty tops 19,400; all but PSBs rally

Closing Bell on November 6, 2023: Among sectors, the Nifty Metal, Pharma, Private Bank, and Realty indices added over 1 per cent each

Borosil Renewables net profit grows to Rs 30 crore in Jul-Sep quarter

Borosil Renewables on Monday posted a 25 per cent rise in its consolidated net profit to Rs 30.47 crore during September 2023 quarter, pushed by higher income. It had clocked a net profit of Rs 24.19 crore during the July-September period of preceding 2022-23 fiscal, the company said in a BSE filing. The company's total income surged to Rs 406.31 crore from Rs 171.37 crore in the year-ago quarter. Its expenses were at Rs 409.74 crore, higher from Rs 138.55 crore in same period of last financial year. Borosil Renewables Ltd is the only solar glass manufacturer in India.

Divi's Laboratories Q2FY24 result: Net profit dips 29% to Rs 348 crore

Divi's Labs Q2 result: The revenue from operations, however, rose 3 per cent to Rs 1,909 crore in the period from Rs 1,855 crore last year