Page 83 - Q2 Results

NSE Q2 results: Net profit rises 13% to Rs 1,999 crore, income up 24%

The National Stock Exchange (NSE) on Wednesday reported a 13 per cent year-on-year growth in consolidated net profit at Rs 1,999 crore for three months ended September. The consolidated income from operations stood at Rs 3,652 crore for the second quarter under review, a surge of 24 per cent from the year-ago period, NSE said in a statement. Apart from trading, the total revenue was also supported by other revenue lines including listing, index services, data services, and co-location facility, the exchange said. The net profit margins for the July-September quarter of the current financial year 2023-24 (FY24) stood at 50 per cent. During the first half of FY24, NSE contributed Rs18,744 crore to the exchequer, which comprised STT (Securities Transaction Tax) of Rs 14,858 crore, stamp duty (Rs 1,156 crore), GST (Rs 975 crore), Income tax (Rs 1,252 crore) and Sebi (Rs 503 crore). On the trading volumes front, cash markets recorded an average daily traded volume (ADTVs) of Rs 77,757

LIC Housing Finance Q2 results: Net PAT more than triples to Rs 1,188 cr

LIC Housing's net interest income jumped 83% to Rs 2,107 crore in the quarter

Coca-Cola India net profit rises 57% to Rs 722 crore in FY23, sales up 45%

The company also achieved net sales of Rs 4,521 crore for the financial year ended 31 March 2023, a 44.9 per cent jump from sales of Rs 3,121 crore in the previous financial year

India Cements Q2 results: Net loss of Rs 85.54 cr, revenue falls by 4.72%

The revenue from operations for Q2FY24 was seen at Rs 1,264.39 crore, compared to Rs 1,327.06 crore year-on-year

Kansai Nerolac Q2 results: Profit rises 56% to Rs 177 cr on lower expenses

The company, owned by Japan's Kansai Paint Co, said its consolidated net profit rose 56% to Rs 177 crore ($21.26 million) for the three months ended Sept. 30

CarDekho's FY23 revenue rises 46% to Rs 2,331 cr, Rupyy drives growth

The company said that it has controlled the losses despite maintaining a steady growth whereby it recorded a loss of Rs 562 crore in FY23 against Rs 535 crore in FY22

JK Tyre records net profit surge of nearly five-fold to Rs 242 cr in Q2FY24

On a sequential basis, the company exhibited a 4.83 per cent increase in revenue and the PAT increased by 57.35 per cent, respectively

Motilal Oswal Financial Services Q2 results: Net profit up 4% to Rs 531 cr

Motilal Oswal Financial Services Ltd on Wednesday reported a 4 per cent growth in Profit After Tax (PAT) to Rs 531.2 crore for the September quarter. The company had posted a PAT of Rs 509.3 crore in the year-ago period, Motilal Oswal Financial Services said in a regulatory disclosure to the stock exchanges. Total revenues jumped 30 per cent to Rs 1,416 crore in the quarter under review from Rs 1,087 crore in the year-ago period. "We have delivered a robust performance in the second quarter. Our capital market business has demonstrated remarkable performance, reporting an all-time high quarterly profit and strengthening our retail market share position in the cash and F&O segment to 7.1 per cent and 7.5 per cent, respectively," the company's MD and CEO Motilal Oswal said. Capital market business -- comprising retail broking and distribution -- institutional equities, and investment banking, registered a PAT of Rs 180 crore in the July-September period, registering a growth of 33 ..

GCPL net profit rises 21% to Rs 432.77 crore during Jul-Sep quarter

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 for the second quarter ended September. The company had 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. Similarly, its revenue from operations was 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. Total income of GCPL in the September quarter was at Rs 3,667.88 crore, up 6.87 per cent compared to the year-ago period. Shares of the company declined 1.68 per cent to close at Rs 975.90 on the BSE.

Hero Motocorp Ltd Q2FY24 result: Net profit jumps 47% YoY to Rs 1,007 cr

The company announced an interim dividend of Rs 35 per quity share

Orient Green Power Q2 results: Net profit grows two-fold to Rs 75 cr

Orient Green Power Company on Wednesday reported an over two-fold jump in its consolidated net profit to Rs 75 crore during the second quarter ended September 30 on the back of higher income. It had clocked Rs 33.80 crore net profit during the July-September period of the preceding fiscal, the company said in a regulatory filing. The company's total income surged to Rs 124.10 crore from Rs 108.24 crore in the year-ago quarter. Its expenses stood at Rs 62.36 crore in the quarter under review against Rs 68.44 crore a year ago. The board has also approved fundraising up to Rs 225 crore by way of an issuance of equity shares of face value of Rs 10 each of the company to its eligible equity shareholders on a rights basis ("Rights issue"), subject to receipt of necessary approvals from regulatory authorities. T Shivaraman, Managing Director and CEO, said: "At the outset, we extend our gratitude to our shareholders for their overwhelming support in subscribing fully to the rights issue.

Relaxo Footwears Q2 profit nearly doubles at 97.3% on solid demand

The growth in topline came after the demand for its branded products remained strong despite prices being hiked to cushion the impact of higher costs

India Cements' net loss contracts to Rs 81.39 crore during Jul-Sep quarter

Cement maker The India Cements Ltd has reported a standalone net loss for the July-September 2023 quarter at Rs 81.39 crore, the company said on Wednesday. The standalone net loss during the corresponding quarter of last year stood at Rs 137.58 crore. For the six-month period ended September 30, 2023 the net loss was at Rs 156.66 crore, as against a net loss of Rs 61.49 crore registered in the year-ago period. The standalone total income slipped to Rs 1,228.06 crore, from Rs 1,258.52 crore registered during the same period last year. For the half year ended September 30, 2023, the standalone total income was at Rs 2,627.97 crore as compared to Rs 2,712.79 crore registered in the same period of last year. The performance of the company was better than that of earlier quarters turning out a marginally positive EBITDA despite the restricted operations caused by the stressed working capital position, the company said. The EBITDA for the quarter under review was at Rs 14 crore sizably

REC Q2 results: Profit soars by 39% to Rs 3,790 crore in Jul-Sep quarter

State-owned REC Ltd on Wednesday posted a nearly 39 per cent rise in its consolidated net profit to Rs 3,789.90 crore in the September quarter compared to the year-ago period mainly on the back of higher revenues. Consolidated net profit stood at Rs 2,732.12 crore in the quarter ended on September 30, 2022, a BSE filing showed. Total income rose to Rs 11,701.26 crore in the quarter from Rs 9,964.00 crore in the same period a year ago. The board also approved the second interim dividend of Rs 3.50 per equity share of Rs 10 each for 2023-24. The record date for the interim dividend is Monday, November 13, 2023. The interim dividend shall be paid on or before November 30, 2023. The total interim dividend for the 2023-24 is Rs 6.50 per equity share (on face value of Rs 10 each). In a separate statement, the company stated, "Owing to the improving asset quality, increase in lending rates and effective management of finance cost, the REC is able to record its highest ever (standalone) .

Ambuja Cement Q2 result: Standalone net profit jumps 363% YoY to Rs 643 cr

The revenue from operations for Q2FY24 came in at Rs 3,969.79 crore, compared to Rs 3,675.61 crore year-on-year

Indraprastha Gas Ltd Q2FY24 result: Net profit at Rs 552 cr; income down 2%

The company announced an interim dividend of Rs 4 per share

Sensex ends 284 pts lower, Nifty below 19K again; Asian Paints, metals drag

Stock market on November 1, 2023: On the positive front, Sun Pharma gained nearly 3 per cent; Debutant Blue Health hit upper circuit on debut.

Paradeep Phosphates Q2 results: Net profit up over 76% at Rs 89.43 cr

Paradeep Phosphates Ltd (PPL) on Wednesday clocked a 76.25 per cent jump in net profit at Rs 89.43 crore for the second quarter of the 2023-24 fiscal, on robust income. The company's net profit stood at Rs 50.74 crore in the same quarter previous fiscal year, according to a regulatory filing. The total income increased to Rs 3,683.02 crore during the July-September quarter of the current financial year, from Rs 2,863.69 crore in the year-ago period. The company's overall expenses remained higher at Rs 3,573.64 crore, as against Rs 2,801.81 crore in the said period. According to PPL, fertiliser production rose 25 per cent to 6,51,883 tonnes during the Q2 of this fiscal, from the year-ago period. Fertiliser sales jumped by 78 per cent to 8,07,399 tonnes in the said period. PPL Managing Director S Krishnan said despite less than adequate rainfall, the company achieved good Q2 primary and secondary sales numbers. "With normalization of raw material prices and a concomitant decrease i

Sun Pharma Q2FY24 results: Net profit surges 5% to Rs 2,375.5 crore

Sun Pharma Q2 results: As compared to Rs 2,022.5 crore in the previous quarter, the net profit was up 17.4%

V-Guard's Q2 net jumps 35% to Rs 59 cr, net revenue from ops rises 15%

The company's consolidated profit after tax for the six months ended September 30 stood at Rs 123.17 crore, a growth of 26.9 per cent, as against Rs 97.03 crore reported last year