Page 79 - Q2 Results

Bharat Forge Q2FY24 result: Net profit jumps 51% YoY to Rs 214 crore

The total income for Q2FY24 came in at Rs 3,826.7 crore, compared to Rs 3,122.3 crore y-o-y, registering a rise of 22.56%

SBI trades flat; underperforms in a firm market post mixed Q2 earnings

Thus far in the calendar year 2023, the stock has slipped 6 per cent, as against nearly 6 per cent rally in the Sensex.

Stocks to Watch today: SBI, IndiGo, Titan, Zomato, RIL, BoI, BoB, Delhivery

Stocks to watch on Monday, November 06, 2023: Shares of PSU Banks are likely to hog the limelight following Q2 results announced by major banks over the weekend.

Sundram Fasteners Q2 results: Net profit rises 14% rise to Rs 133 crore

The consolidated earnings per share for the quarter amounted to Rs 6.28, compared to Rs 5.49 in the corresponding period last year

Olectra Greentech's PAT nearly triples to Rs 19 cr in Q2 on higher revenues

Electric vehicles manufacturer Olectra Greentech's profit after tax nearly tripled to Rs 18.58 crore in September quarter 2023-24 mainly on the back of higher revenues. In the year-ago period, the PAT was Rs 7.42 crore, a company statement said. Revenue for Q2 FY24 was Rs 307.16 crore as against Rs 177.34 crore earlier. It said the revenue grew due to increase in vehicle deliveries. During the quarter under review, Olectra delivered 154 electric vehicles, against 111 delivered in the same period of 2022-23, it stated. The company has delivered over 1,437 electric vehicles till date. Strong demand continues with the total number of bus orders on hand at 8,208 units, it stated. The company reported Earnings Per Share (EPS) of Rs 4.40 for the half year ended September 30, 2023, compared to Rs 2.95 for the year-ago period. During the first half of 2023-24, the PAT was Rs 36.65 crore, up 52 per cent, compared to the same period a year ago. Revenue was Rs 523.18 crore, up 14 per cent

Uco Bank Q2FY24 result: Net profit falls 20.3% to Rs 401.67 crore

Uco Bank Q2 result: The bank's gross non-performing assets fell to 4.14 per cent in the July-September quarter as compared to 4.48 per cent in the previous quarter

Uco Bank Q2 net profit falls 20% to Rs 402 cr, total income at Rs 5,866 cr

State-owned UCO Bank on Friday reported a 20 per cent decline in its net profit to Rs 402 crore for the quarter ended September 2023. The bank had reported a net profit of Rs 505 crore in the corresponding quarter a year ago. Total income of the Kolkata-headquartered lender during the July-September period rose to Rs 5,866 crore from Rs 4,965 crore in the year-ago period, UCO Bank said in a regulatory filing. Interest income during Q2 FY24 rose to Rs 5,219 crore as against Rs 4,185 crore. There was an improvement in the bank's asset quality as the gross NPAs dipped to 4.14 per cent of the gross advances as of end-September 2023 over 6.58 per cent in the previous fiscal. Net NPAs too came down to 1.11 per cent as compared to 1.99 per cent a year ago. The bank's total provisioning for the latest September quarter stood at Rs 336 crore, down from Rs 400 crore earlier, as per the filing.

Uco Bank Q2FY24 results: Net profit declines 20.4% to Rs 402 crore

The operating expenses, including staff expenses, grew by 16.3 per cent Y-o-Y to Rs 1,582 crore in Q2FY24

SBI Q2 results: PAT up 8.03% to Rs 14,330 cr on robust NII growth

SBI reports steady growth in net interest income, dip in credit costs boost profits

Vedanta Q2 results: Net loss at Rs 1,783 cr, income rises to Rs 39,585 cr

Anil Agarwal-led Vedanta Ltd on Saturday reported a consolidated net loss of Rs 1,783 crore for the second quarter ended September 2023 on account of one-time exceptional item because of adoption of new tax rate. The company had posted a consolidated net profit of Rs 1,808 crore in the year-ago period, Vedanta Ltd said in a filing to BSE. The consolidated income of the company in the July-September period increased to Rs 39,585 crore from Rs 37,351 crore in the year-ago period. Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is a diversified global natural resources company with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminium and power across India, South Africa and Namibia.

Bank of Baroda reports 28.4% rise in Q2 profit led by robust loan growth

That was higher than analysts' forecast of Rs 4,004 crore, according to LSEG data

SBI posts 9.13% rise in consolidated net profit to Rs 16,099 cr in Q2

The country's largest lender SBI on Saturday reported a 9.13 per cent growth in consolidated net profit for the September quarter to Rs 16,099.58 crore. The state-run lender had reported a consolidated net profit of Rs 14,752 crore in the year-ago period and Rs 18,356 crore in the June quarter. On a standalone basis, it posted a net profit of Rs 14,330.02 crore as against Rs 13,264.52 crore in the year-ago period. The bank, which controls over a fifth of the overall market and has the widest network in the country, reported a total income of over Rs 1.12 lakh crore for the quarter under review, up from Rs 88,733 crore in the year-ago period. From an asset quality perspective, its gross non-performing assets ratio was at 2.55 per cent as of September 30, an improvement from the 3.52 per cent in the year-ago period and the 2.76 per cent in the first quarter of the current fiscal. Its overall capital adequacy stood at 14.28 per cent as of September 30.

Hero MotoCorp rides on robust Q2 performance and better prospects

Markets give thumbs up to the two-wheeler major's performance, analysts bullish on stock

JSW Infrastructure Q2 results: Consolidated profit rises 85% to Rs 256 cr

Commercial ports operator JSW Infrastructure Ltd on Friday reported an 85 per cent rise in its consolidated profit to Rs 255.87 crore for the quarter ended September 30, 2023. The company had posted a consolidated profit of Rs 138.29 crore in the year-ago period, JSW Infrastructure said. During the July-September period, its income increased to Rs 895.48 crore over Rs 696.51 crore in the previous fiscal year. The group is primarily engaged in the segment of port services.

Titan Company Q2FY24 result: Net profit at Rs 916 cr; income up 37%

Titan Company Q2 result: The total income for Q2FY24 came in at Rs 12,653 crore, compared to Rs 9,224 crore y-o-y, registering a rise of 37.17 per cent

Zomato reports profit at Rs 36 cr in Q2, revenue up 71% to Rs 2,848 cr

Surges 18x sequentially in Q2; uptick in adoption of loyalty plan key driver

Tata Motors surges over 4% on healthy Q2 results; DVRs hits new high

The company's earnings before interest, tax, depreciation, and amortisation (Ebitda) during Q2 was Rs 13,767 crore, up from the Rs 5,571 crore in the second quarter last financial year

Aditya Birla Capital Q2 results: Net profit up 44% to Rs 705 crore

Aditya Birla Capital on Friday reported a 44 per cent rise in profit at Rs 705 crore on a consolidated basis for the quarter ended September 2023. It had posted a net profit of Rs 488 crore in the same period a year ago. The total consolidated revenue of the company grew by 22 per cent to Rs 8,831 crore in the July-September period of 2023-24, from Rs 7,210 crore in the same quarter a year ago, Aditya Birla Capital Ltd (ABCL) said in a release. The company is present in non-banking finance (NBFC) business, housing finance, asset management, life and general insurance, among others. ABCL is the holding company for the financial services businesses of the Aditya Birla Group. The strong momentum across businesses led to a 41 per cent year-on-year growth in the overall lending portfolio (NBFC and HFC) to Rs 1,08,961 crore as on September 30, 2023, it said. The total AUM (AMC, life insurance and health insurance) grew by 12 per cent year-on-year to Rs 4,04,354 crore.

India Grid Q2 net profit falls 69% to Rs 39 cr, total income up Rs 720 cr

Infrastructure investment trust India Grid Ltd (IndiGrid) on Friday reported a 69 per cent decline in its net profit to Rs 38.89 crore in the September quarter. Its consolidated net profit stood at Rs 125.79 crore in the quarter ended on September 30, 2022, according to a regulatory filing. The company's total expenses rose to Rs 683.39 crore in the July-September quarter from Rs 466.76 crore a year ago. During the period under review, total income also increased to Rs 720.18 crore as against Rs 595.91 crore in the year-ago period. The board of directors of IndiGrid Investment Managers Ltd (IIML) acting in the capacity of Investment Manager to IndiGrid also approved a declaration for the second quarter of FY24 distribution of Rs 3.55 per unit, comprising Rs 2.8961 per unit in the form of Interest, Rs 0.6341 per unit in the form of Principal payment and Rs 0.0198 in the form of Other Income. The record date for this distribution will be November 9, 2023, and payment will be made on

Shipping Corporation Q2 results: Net profit declines 42.53% to Rs 65.7 cr

Disinvestment-bound Shipping Corporation of India Ltd (SCI) on Friday reported a 42.53 per cent decline in consolidated net profit to Rs 65.73 crore for the September quarter. The company had reported a net profit of Rs 114.38 crore in the year-ago period, it said in a regulatory filing to the BSE. SCI's total income rose to Rs 1,661.89 crore during the quarter under review from Rs 1,458 crore last year. The company's total expenses decreased to Rs 1,113.49 crore from Rs 1,330.80 crore earlier. SCI said shareholders of the company have approved dividend of Rs 0.44 per equity share of face value Rs 10 each. SCI is the largest Indian shipping company and the only Indian firm engaged in transportation of LNG.