Page 80 - Q2 Results

Unity Small Finance Bank Q2 results: Net profit jumps 155% to Rs 138 cr

Unity Small Finance Bank on Friday reported a net profit of Rs 137.73 crore in the quarter ending September 2023, up 155 per cent from Rs 53.97 crore in the year-ago period. Unity Small Finance Bank Limited is a scheduled commercial bank, promoted by Centrum Financial Services Ltd. The total income rose to Rs 360.5 crore from Rs 210.46 crore in the July-September quarter of 2022-23, the bank said in a release. Its gross non performing assets (NPA) was 5.5 per cent in the September quarter of the current fiscal, as against 56.29 per cent in the year-ago period. Similarly, net NPA fell to 0.43 per cent from 5.95 per cent in the September quarter of the last fiscal. The bank also reported that its net income rose by 115 per cent in the first half of this fiscal to Rs 515 crore on account of increased outreach to customers across products and geographies. At end-September, Unity Bank had 137 branches. The bank is focused to grow its retail presence during the second half of 2023-24

Punjab & Sind Bank Q2 results: Net profit down 32% to Rs 189 crore

Public sector lender Punjab & Sind Bank on Friday reported a 32 per cent decline in net profit to Rs 189 crore in the September quarter. The bank had reported a profit of Rs 278 crore in the year-ago period. Total income of the bank during the July-September period rose to Rs 2,674 crore against Rs 2,120 crore in the corresponding period of FY23, Punjab & Sind Bank said in a regulatory filing. The bank's gross Non-Performing Assets (NPAs) declined to 6.23 per cent of the gross advances at the end of September from 9.67 per cent in the same period last year. In value terms, gross NPAs (bad loans) of the Delhi-headquartered bank stood at Rs 5,106 crore by the end of the second quarter of the current fiscal, as against Rs 7,128 crore in the year-ago period. Net NPAs also came down to 1.88 per cent from 2.24 per cent in the second quarter of the last fiscal. Capital adequacy of the bank improved further to 17.23 per cent as against 15.68 per cent at the quarter, the filing ...

Godrej Agrovet posts Q2 profit jump as monsoon recovery aids demand

Total revenue rose 5% to Rs 2,571 crore, breaking the streak of slowing topline growth since the quarter ended March 2022

Aditya Birla Capital PAT rises 44% backed by robust growth across business

The revenue of the company rose by 22 per cent to Rs 8,831 crore in the July-September quarter of FY24 from Rs 7,215 crore of the corresponding previous quarter

Titan shares climb over 2% as it posts 9.7% rise in Sept quarter earnings

Shares of jewellery and watchmaker Titan Company Ltd on Friday rose over 2 per cent after the firm reported an increase of 9.7 per cent in its consolidated net profit in the September quarter. The stock went up by 2.23 per cent to close at Rs 3,272.55 on the BSE. During the day, it jumped 2.66 per cent to Rs 3,286.70. At the NSE, it gained 2.28 per cent to touch Rs 3,274.50. Titan Company Ltd on Friday reported an increase of 9.7 per cent in consolidated net profit at Rs 916 crore in the second quarter of the current fiscal, led by sales of jewellery in the domestic market. The company posted a net profit of Rs 835 crore in the July-September period last year, the Tata Group-managed firm said in a regulatory filing. Titan's sales increased 25 per cent to Rs 10,708 crore during the quarter under review as against Rs 8,567 crore in the corresponding quarter a year ago. Its total expenses in the quarter under review stood at Rs 11,402 crore, up 41.07 per cent year-on-year.

Tata Motors shares settle nearly 2% higher after posting Q2 earnings

Shares of Tata Motors ended nearly 2 per cent higher on Friday, after the company reported a consolidated net profit of Rs 3,783 crore in the September quarter, riding on robust performance by its British arm Jaguar Land Rover. The stock ended at Rs 647.80, up 1.73 per cent on the BSE. During the day, it gained 4.49 per cent to Rs 665.45. At the NSE, it ended with a gain of 1.62 per cent at Rs 646.80. During the day, it climbed 4.64 per cent to Rs 666. In traded volume terms, 22.65 lakh shares of the company were traded at the BSE and over 2.30 crore shares at the NSE during the day. This is the fourth successive quarter of positive results for the home-grown auto major. The Mumbai-based company had posted a consolidated net loss of Rs 1,004 crore in the year-ago period. Total consolidated revenue from operations stood at Rs 1,05,128 crore in the second quarter of this fiscal as compared to Rs 79,611 crore in the year-ago period, Tata Motors said in a regulatory filing on Thursda

Thermax Q2 net profit rises 45% at Rs 158 cr on strong industrial demand

Sales of industrial products -- including for heating, cooling, water and waste management increased 18%

JK Paper posts 6.8% fall in Q2 profit on lower demand, higher input costs

Profit fell on lower sales realization of coated paper and packaging board, the company said, indicating lower prices

Crompton Greaves Q2 results: Net profit declines 23% at Rs 101 cr

Revenue from operations was up 4.9%, while expenses rose 6.2%

Usha Martin reports 39% rise in net profit to Rs 109 crore in Q2FY24

Usha Martin on Friday reported a 38.66 per cent rise in consolidated net profit to Rs 109.52 crore during the September quarter. It had clocked a net profit of Rs 78.98 crore in the year-ago period, the company said in a regulatory filing. The company's total income rose to Rs 806 crore over Rs 825.83 crore in the year-ago quarter. Its expenses were trimmed to Rs 664.77 crore in the second quarter of the current fiscal from Rs 729.48 crore a year ago. "The Board of Directors of the company has approved the removal (strike-off) of Usha Martin Power & Resources Ltd, non material wholly-owned subsidiary from the records of registrar of companies, West Bengal, subject to requisite approvals of regulatory authorities as applicable," the filing said. Usha Martin is a leading global manufacturer of wire ropes. Usha Martin's wire rope manufacturing facilities in Ranchi, Hoshiarpur, Dubai, Bangkok and the UK produce the widest range of wire ropes that find application in various industrie

Escorts Kubota Q2 results: Net profit rises two-fold to Rs 223 crore

Farm and construction equipment manufacturer Escorts Kubota on Friday said its consolidated net profit rose over two-fold to Rs 223 crore for the second quarter ended September, driven by brisk sales in the construction and railway equipment segments. The company had reported a net profit of Rs 99 crore in the July-September period of the last fiscal. The total income increased to Rs 2,154 crore in the second quarter of the current fiscal from Rs 1,969 crore in the year-ago period, Escorts Kubota said in a regulatory filing. The company said tractor sales declined to 22,024 units in the second quarter as against 23,703 units in the corresponding period last year. On the other hand, construction equipment volume went up 72 per cent to 1,577 units in the September quarter as compared to 917 units in the corresponding period last year. The company's revenue from railway equipment rose 29 per cent to Rs 234 crore as against Rs 182 crore in the corresponding period last year. Shares o

Indigo Q2FY24 result: Consolidated net profit at Rs 188 cr; Ebitdar up 967%

Indigo Q2 result: The total income for Q2FY24 came in at Rs 15,503 crore, compared to Rs 12,852 crore year-on-year

Muthoot Microfin reports Rs 109.5 crore profit after tax for Q2FY24

Kerala-based microfinance firm Muthoot Microfin Limited has reported Rs 1,095.74 million profit after tax for the quarter that ended on September 30, the company said. The company said the profit was a rise of 14.5 per cent from the previous quarter. The microfinance arm of Kerala-based Muthoot Pappachan Group in a release said, the company has also posted growth indicators with total income from operations growing 17.74 per cent from the previous quarter to Rs 5,636.25 million as of September 30, 2023. Commenting on the results, Muthoot Microfin CEO Sadaf Sayeed said the financial performance over the first half of this financial year was the result of building a flexible operational framework. "This ensures we are consistently delivering lending options to our customers, enabling them to be financially independent," Sayeed said in the release. Muthoot Microfin MD Thomas Muthoot said the company firmly believes that their initiatives will chart the path towards sustainable and ..

Sensex rises for 2nd day, adds 283 pts; Nifty tops 19,200 in broad rally

Closing Bell on Friday November 03: In the broader markets, the BSE MidCap and SmallCap indices gained 0.71 per cent and 0.94 per cent, respectively

Chambal Fertilisers Q2 results: Net profit up 39% to Rs 380.96 cr

Chambal Fertilisers and Chemicals Ltd on Friday reported a 39 per cent increase in its consolidated net profit at Rs 380.96 crore for the second quarter of this fiscal year. Its net profit stood at Rs 274.19 crore in the year-ago period. Total income fell to Rs 5,467.28 crore in the July-September period of 202324 fiscal, from Rs 8,675.59 crore in the corresponding period of the previous year, according to a regulatory filing. Total expenses declined to Rs 4,894.72 crore in the second quarter of this fiscal from Rs 8,305.42 crore in the year-ago period. The company declared an interim dividend of Rs 4.50 (45 per cent) per equity share of Rs 10 each.

Godfrey Phillips India Q2 results: Net profit down 8.5% to Rs 163 cr

Cigarette maker Godfrey Phillips India Ltd on Friday reported 8.51 per cent decline in consolidated net profit at Rs 163.01 crore for the second quarter ended September 30, 2023. The company had logged a net profit of Rs 178.19 crore during September quarter a year ago, according to a regulatory filing by Godfrey Phillips India. Revenue from operations was up at Rs 1,374.55 crore as against Rs 1,191.56 crore. Total expense was Rs 1,194.03 crore, up 19.80 per cent. Total income in the September quarter was Rs 1,412.55 crore, a rise of 14.4 per cent year-on-year. Revenue from cigarettes, tobacco and related products was Rs 1,258.48 crore, up 16.64 per cent year-on-year. Revenue from retail and related products was higher at Rs 117.26 crore as against Rs 112.39 crore earlier, it said. Godfrey Phillips operates convenience store chain 24Seven. Shares of Godfrey Phillips India were trading at Rs 2,178 apiece on BSE, down 7.18 per cent from the previous close.

360 ONE WAM Q2 results: Net profit after tax rises 7% to Rs 185 crore

360 ONE WAM Ltd on Friday reported a 7 per cent growth in profit after tax (PAT) to Rs 185 crore in the September quarter of the current financial year. In comparison, the company posted a PAT of Rs 173 crore in the year-ago period, 360 ONE WAM, formerly known as IIFL Wealth Management, said in a statement. The company's total revenues rose 9 per cent to Rs 441 crore in the quarter under review from Rs 405 crore in the July-September quarter of the preceding fiscal 2022-23. "Our market share estimation, which includes both the UHNI (Ultra High Net-worth Individual) and HNI (High Net-worth Individual) segments, stands at approximately 4-5 per cent. "With the introduction of new client segments to cater to the Rs 25 crore market, and an expanded geographical footprint in India and abroad, we see a huge opportunity to double our market share over the next 5 years. All our growth initiatives are designed to achieve this objective," Karan Bhagat, Managing Director and Chief Executive ..

Zomato Q2FY24 result: Consolidated net profit at Rs 36 cr; revenue up 71%

Zomato Q2 result: The total income for Q2FY24 came in at Rs 3,060 crore, compared to Rs 1,831 crore year-on-year

Tilaknagar Industries rallies 16%; hits all-time high on healthy Q2 results

The management said the company's focus over the coming 6-8 quarters will be to increase market share in existing and new regions through robust growth in its brandy portfolio.

Aditya Birla Capital Q2FY24 result: Net profit at Rs 705 cr; income up 13%

Aditya Birla Capital Q2 result: The company's revenue from operations was up 13.04 per cent to Rs 7,720.66 crore during the quarter under review against Rs 6,829.82 crore last year