Page 82 - Q2 Results

Suzlon Energy Q2 result: Profit up 81% to Rs 102 crore on fall in expenses

Suzlon Energy on Thursday posted over 81 per cent rise in consolidated net profit to Rs 102.29 crore for September quarter 2023-24 mainly due to decline in expenses. Net profit in the year-ago period was Rs 56.47 crore, according to a BSE filing by the company. Total income declined to Rs 1,428.69 crore in the second quarter from Rs 1,442.58 crore in the same period a year ago. Total expenses also dipped to Rs 1,291.26 crore from Rs 1,427.84 crore. "At the end of Q2 FY24, our orderbook stands at a healthy 1,613 MW...Our service business continues to do well, while our forging and foundry business SE Forge consolidated on its foundation for future growth," J P Chalasani, Chief Executive Officer, Suzlon Group, said. Himanshu Mody, Chief Financial Officer, Suzlon Group, said the company was anchored strongly with a net cash of Rs 599 crore by September 2023 which is a significant shift from net debt of Rs 1,180 crore in March 2023. On the back of a successful QIP conclusion in Augu

Tata Motors Q2 result: Auto major reports net profit of Rs 3,764 crore

Tata Motors said it remains optimistic about its performance due to a strong product pipeline, a seasonally stronger H2 and continued focus on cash accretive growth

Dr Lal PathLabs Q2 results: Profit jumps 54.8%, revenue rises 12.63%

Dr Lal PathLab's share price rose to 3.30 per cent, ending the day's trade at Rs 2,455 apiece on the BSE

Dovish Fed unleashes market bulls; Sensex zooms 490 pts, Nifty tops 19,100

Closing Bell on Thursday, November 02: Jerome Powell's comment that "despite elevated inflation, the longer term inflation expectations remain well anchored" was taken by the markets as dovish

Berger Paints India net profit rises 33% at Rs 292 cr, misses estimates

Raw material costs, which account more than 60% of the total expenses, fell nearly 6%, but lower revenue growth impacted profits at India's second-biggest paint company by revenue

Dabur Q2 result: Profit up 5% to Rs 507.04 cr, revenue at Rs 3,203 cr

Homegrown FMCG major Dabur India Ltd on Thursday reported a 5 per cent increase in consolidated net profit at Rs 507.04 crore in the second quarter ended September 30. The company had posted a net profit of Rs 490.86 crore in the July-September quarter a year ago, according to a regulatory filing. Its revenue from operations was at Rs 3,203.84 crore in the quarter under review as against Rs 2,986.49 crore in the corresponding quarter of the previous fiscal. The company's expenses were at Rs 2,669.43 crore in the September quarter. Shares of Dabur India Ltd rose 2.18 per cent to Rs 528.40 apiece in afternoon trade on the BSE.

Adani Power Q2FY24 result: Net profit jumps 848% YoY to Rs 6,594 crore

The revenue from operations for Q2FY24 came in at Rs 12,990.58 crore, compared to Rs 7,043.7 crore year-on-year, registering a jump of 84.42%

Adani Power Q2 result: Profit soars 10-fold to Rs 6,594 cr on demand surge

The company's consolidated net profit climbed to 65.94 billion rupees ($792.3 million) in the quarter, helped in part by a tax gain of 13.71 billion rupees

Adani Enterprises Q2 result: Net profit falls over 50% to Rs 228 crore

Adani Enterprises Q2FY24 results: The company's revenue from operations was down 41 per cent to Rs 22,517.33 crore

Godrej Properties Q2FY24 result: Net profit at Rs 72 cr; revenue up 107%

The revenue from operations for Q2FY24 came in at Rs 343 crore, compared to Rs 165.09 crore year-on-year

REC rallies 9% on highest-ever quarterly profit in Q2; PFC surges 7%

REC in a public statement said the increase in profit was owing to the "improving asset quality, increase in lending rates and effective management of finance cost".

REC registers highest ever quarterly profit at Rs 3,773 crore in Q2FY24

The company also said its net worth has also grown by 18 per cent to Rs 63,117 crore

NSE consolidated net profit surges 13% to Rs 1,999 crore in Sept quarter

Benchmark Nifty closed below the 19,000-mark once again as overseas funds continued to keep their foot on the selling pedal

GCPL Q2 results: Net profit rises 21% to Rs 433 cr, volume increases 10%

FMCG major Godrej Consumer Products Ltd (GCPL) on Wednesday reported a 20.6 per cent increase in consolidated net profit to Rs 432.77 crore in the second quarter ended September, helped by double-digit volume growth and improved margins. The company posted a net profit of Rs 358.86 crore in the July-September period last year, according to a regulatory filing. Revenue from the sale of products of Godrej group's FMCG arm was up 6.06 per cent at Rs 3,568.36 crore during the second quarter of the current fiscal. In the year-ago period, the same stood at Rs 3,364.45 crore. The consolidated sales growth of 6 per cent is "led by volume growth of 10 per cent," said an earnings statement from GPCL, which owns brands such as Good Knight, Cinthol and HIT. Similarly, its revenue from operations was also up 6.19 per cent in the September quarter to Rs 3,601.95 crore. GCPL's total expenses during the quarter under review rose 2.86 per cent to Rs 3,035.97 crore. The total income of GCPL in the

Shares of Sun Pharmaceutical jump over 2.5% on strong Q2 earnings

Shares of Sun Pharmaceutical Industries on Wednesday climbed over 2.50 per cent after the company said its consolidated net profit increased 5 per cent for the September quarter. The stock gained 2.52 per cent to settle at Rs 1,116.15 on the BSE. During the day, it jumped 2.90 per cent to Rs 1,120.30. At the NSE, it rallied 2.53 per cent to Rs 1,116.20. The stock emerged as the biggest gainer on both the Sensex and Nifty. The company's market valuation zoomed Rs 6,579.9 crore to Rs 2,67,795.49 crore. Sun Pharmaceutical Industries on Wednesday said its consolidated net profit increased 5 per cent to Rs 2,375 crore for the second quarter of the current fiscal, driven by robust sales across domestic and US markets. The drug major had reported a net profit of Rs 2,262 crore in the year-ago period. Total revenue from operations increased to 12,192 crore in the quarter, as compared to Rs 10,952 crore in the year-ago period, Sun Pharma said in a regulatory filing. Sun Pharma Managing

Ambuja Cements Q2 results: Net profit rises seven-fold to Rs 793 crore

In Q2FY24, Ambuja Cement's net profit (attributable to the owners of the company) was at Rs 793 crore, seven times higher than Rs 93 crore reported a year ago

Hero Moto's consolidated net profit jumps 47.6% to Rs 1,007 crore

Regarding sales volume, the company recorded 14.16 lakh units of motorcycles and scooters sold during the quarter

Kansai Nerolac Paints Q2 results: Net profit rises 58% to Rs 176 cr

Kansai Nerolac Paints Ltd on Wednesday reported a 57.79 per cent increase in its consolidated net profit at Rs 175.48 crore in the second quarter ended September 2023. The company had posted a net profit of Rs 111.21 crore in the July-September period a year ago, according to a regulatory filing from Kansai Nerolac. Its revenue from operations was up 1.32 per cent to Rs 1,956.54 crore in comparison to Rs 1,930.96 crore in the corresponding quarter a year ago. "Gross margins improved over the corresponding quarter last year. The company continues to make progress on various initiatives," said Kansai Nerolac Paints Managing Director Anuj Jain in the earnings statement of the company. Raw material prices were stable despite volatility in crude, he added. "The quarter saw decent demand for automotive though it was lower than Q1. While demand for performance coatings was relatively better, demand for powder coatings remained subdued. Demand in decorative was affected due to monsoons an

Tata Steel sees consolidated net loss of Rs 6,196 cr in Sept quarter

The company has also taken a charge towards restructuring and other provisions of Rs 3,612 crore in consolidated financial statements

Britannia Q2 net profit rises 20% to Rs 587 cr, sales flat at Rs 4,370.5 cr

Bakery food company Britannia Industries Ltd on Wednesday reported a 19.55 per cent increase in consolidated net profit at Rs 586.50 crore in the second quarter ended September 2023 due to softening commodity prices. The company had posted a net profit of Rs 490.58 crore in the July-September quarter a year ago, Britannia Industries said in a BSE filing. Its net sales were marginally up to Rs 4,370.47 crore during the quarter under review as against Rs 4,337.59 crore in the year-ago period. Its revenue from operations in the September quarter was at Rs 4,432.88 crore, up 1.21 per cent. "While the sales growth over last year is 1 per cent, the 24-month growth is 23 per cent," said an earnings statement from Britannia Industries. Total expenses of Britannia Industries, which owns popular brands such as Good Day, Tiger, NutriChoice, Milk Bikis, and Marie Gold, was down 2.33 per cent to Rs 3,685.56 crore. Executive Vice-Chairman and Managing Director Varun Berry said: "We delivered a