Page 84 - Q2 Results

India Cements Ltd Q2FY24 result: Net loss at Rs 85 cr; revenue down 4%

The total income for Q2FY24 came in at Rs 1,272.41 crore, compared to Rs 1,337.70 crore year-on-year

Adani Wilmar Q2FY24 result: FMCG major reports net loss of Rs 130 crore

Adani Wilmar last month said its profitability in the September quarter remained under stress due to lower edible oil prices

Recycling firm Gravita India net profit grows 31% to Rs 59 cr in Q2

Recycling player Gravita India has posted a 31 per cent jump in consolidated net profit at Rs 58.84 crore during the quarter ended September 30, pushed by higher income. It had clocked Rs 44.98 crore net profit during the July-September period of the preceding 2022-2023 fiscal year, the company said in a regulatory filing on Tuesday. The company's total income surged to Rs 850.31 crore in the quarter under review, from Rs 689.61 crore in the year-ago quarter. Its expenses were at Rs 783.31 crore in the September quarter of this fiscal, as against Rs 639.43 crore a year ago. Jaipur-based Gravita is a leading recycling company with 11 manufacturing facilities across the globe having total capacity of 2.51 lakh MTPA.

Jindal Steel Q2 results: PAT surges more than six-fold to Rs 1,390 crore

The company's costs fell 13%, helped by a drop in costs of iron ore and metallurgical coal, the two main raw materials used in making steel

Tata Consumer Q2 results: Net profit falls 6.55% to stand at Rs 363.92 cr

Tata Consumer Products Ltd (TCPL) on Tuesday reported a decline of 6.55 per cent in its consolidated net profit to Rs 363.92 crore in the September quarter on the back of a strong growth in its domestic business. The company had posted a net profit of Rs 389.43 crore in the July-September quarter a year ago, according to a regulatory filing from TCPL, earlier known as Tata Global Beverages Ltd. Its revenue from operations rose 11.02 per cent to Rs 3,733.78 crore during the quarter under review as against Rs 3,363.05 crore in the year-ago period. Total expenses of the Tata Group FMCG arm stood at Rs 3,318.18 crore, up 9.8 per cent in the September quarter. TCPL's total income in the September quarter increased 12.71 per cent to Rs 3,823.61 crore. Shares of Tata Consumer Products Ltd on Tuesday settled at Rs 900.60 apiece on BSE, up 0.81 per cent from the previous close.

L&T Q2FY24 consolidated net profit tops 44%; offshore revenue shines

It sees no major impact of Israel-Hamas war on West Asia projects

Bharti Airtel Q2 results: Net profit slips 37.5% over one-time charges

Misses estimates for both earnings and revenue; Arpu on the rise

Mixed show for AMCs in second quarter; limited scope for stock rally

From a stock performance perspective, analysts appear to be divided, with many anticipating only modest returns due to valuation concerns

DCB Bank logs 13% rise in net profit to Rs 127 crore during Jul-Sep quarter

DCB Bank on Tuesday reported a 13 per cent rise in net profit to Rs 127 crore in the September quarter, driven by core income. The private sector lender had posted a net profit of Rs 112 crore in the year-ago period. Total income in the second quarter of the current fiscal rose to Rs 1,413 crore from Rs 1,099 crore in the same period a year ago, DCB Bank said in a regulatory filing. The net interest income of the bank improved to Rs 476 crore in the quarter under review from Rs 411 crore a year ago. The bank's asset quality showed improvement as gross non-performing assets declined to 3.36 per cent of gross advances at the end of the September quarter from 3.89 per cent. Similarly, net NPAs or bad loans declined to 1.28 per cent as against 1.54 per cent in the year-ago period. However, capital adequacy ratio of the bank declined to 16.55 per cent as compared to 17.91 per cent at the end of the September quarter last year.

Amara Raja Q2 profit up 13% to Rs 226 cr as demand offsets higher costs

BENGALURU (Reuters) - India's Amara Raja Energy & Mobility on Tuesday reported a jump in second-quarter profit, as improved demand for its products helped offset higher expenses.

L&T Q2 results: Consolidated profit rises 45% to Rs 3,222.63 crore

Engineering and construction giant Larsen & Toubro (L&T) on Tuesday reported a 44.5 per cent increase in its consolidated net profit to Rs 3,222.63 crore for the quarter ended September 30, 2023. The company had posted a consolidated net profit of Rs 2,228.97 crore in the year-ago period, L&T said in a regulatory filing. The consolidated income of the company during July-September 2023 increased to Rs 52,157.02 crore from Rs 43,501.14 crore in the year-ago period. "The company for the quarter ended September 30, 2023, posted a consolidated Profit After Tax (PAT) of Rs 3,223 crore, registering a significant growth of 45 per cent compared to the corresponding quarter of the previous year," the company said in a statement. Larsen & Toubro is a USD 23 billion Indian multinational engaged in engineering, procurement, and construction (EPC) projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide.

Mankind Pharma Q2 results: Consolidated net profit rises 21% to Rs 511 cr

Mankind Pharma on Tuesday said its consolidated net profit increased by 21 per cent to Rs 511 crore for the second quarter ended September 30, 2023, on the back of robust performance across segments. The company had reported a net profit of Rs 422 crore in the July-September period of the last fiscal. Revenue from operations rose to Rs 2,708 crore in the period under review from Rs 2,425 crore in the year-ago period, Mankind Pharma said in a regulatory filing. "The past strategic choices in various aspects of our business are showing success, and we are confident in our ability to consistently surpass the industry growth in future," Mankind Pharma Vice Chairman & Managing Director Rajeev Juneja said. Shares of Mankind Pharma on Tuesday ended 0.7 per cent lower at Rs 1,741.10 apiece on the BSE.

Reliance Power's loss narrows to Rs 237 cr in Q2 due to higher revenues

Reliance Power's consolidated net loss narrowed to Rs 237.76 crore in the September quarter due to higher revenues, the company said in a BSE filing on Tuesday. Its consolidated net loss stood at Rs 340.26 crore in the year-ago period, as per the filing. Total income rose to Rs 2,130.83 crore during the quarter, from Rs 1,945.14 crore last year. Reliance Power, a part of the Reliance Group, is the country's leading private sector power generation and coal resources company.

GAIL Q2 results: Consolidated net profit jumps 87% to Rs 2,442 crore

In Q2 FY24, the company's consolidated revenue from operations fell 14.6 per cent to Rs 33,049 crore from Rs 38,728 crore in the year-ago period

Bharti Airtel Q2 results: Net profit drops 37.5% on one-time charge

For the just-ended quarter, the consolidated net income (before exceptional items) came in at Rs 2,960 crore, up by 44.2 per cent year-on-year

PNC Infratech Q2 results: Net profit rises 11.9% to Rs 147.90 crore

PNC Infratech on Tuesday reported an 11.9 per cent increase in consolidated net profit at Rs 147.90 crore for the quarter ended September 30, 2023. The company had posted consolidated net profit (from continuing operations) of Rs 132.12 crore in the corresponding quarter of the previous financial year. The consolidated income of the company during the July-September period increased to Rs 1,932.35 crore, over Rs 1,819.15 crore in the year-ago period, PNC Infratech said in a regulatory filing. PNC Infratech is a domestic infrastructure company engaged in the execution of projects in core infrastructure sectors including expressways, highways, bridges, flyovers, airport runways, water supply, industrial area development and other infrastructure activities.

Ajanta Pharma Q2 results: Consolidated profit up 25% at Rs 195 crore

Ajanta Pharma Ltd on Tuesday reported a 24.71 per cent rise in consolidated net profit at Rs 195.3 crore for the second quarter ended September 30, 2023. The company had posted a consolidated net profit of Rs 156.6 crore in the same quarter last fiscal, Ajanta Pharma said in a regulatory filing. Consolidated revenue from operations was at Rs 1,028.44 crore as against Rs 938.10 crore in the year-ago period, it added. Total expenses were marginally lower at Rs 773.8 crore as compared to Rs 775.45 crore in the corresponding period a year ago, the company said. Branded generic business in India sale was at Rs 355 crore as against Rs 314 crore in the same quarter last fiscal, while the total branded generic business sales across geographies was at Rs 743 crore in Q2 as compared to Rs 711 crore in the year-ago period, up 4 per cent, it said. In the US, the generic business posted sales of Rs 237 crore as compared to Rs 185 crore in Q2 last fiscal, up 28 per cent, the company added.

Sensex slides 238 pts, Nifty below 19,100; pvt banks, Airtel, RIL weigh

Closing Bell on Tuesday, October 31: The broader markets saw some action with the BSE MidCap index rising 0.29 per cent and the BSE SmallCap index 0.02 per cent

Indian Oil Q2 results: Net profit soars to Rs 13,713 cr, beats expectations

The latest quarterly growth comes despite a 12.6% decline in operational revenue

Indian Oil posts Q2 profit vs yr-ago loss on strong refining margins

The state-owned company posted a net profit of Rs 12,967 crore ($1.56 billion) for the quarter ended Sept 30