Page 86 - Q2 Results

Sensex zooms 330 pts, Nifty tops 19,100; RIL gains 2%, ICICI, HDFC Bank 1%

BS BFSI Summit 2023: The economists' panel sees growth risks growing for India amid global gloom and doom. Soumya Kanti Ghosh of SBI sees first rate cut bymid-2024

Strides Pharma Q2 net loss at Rs 149 cr, revenue crosses Rs 1,000 cr

Total income, however, rose to Rs 1,035 crore in the second quarter as compared to Rs 920 crore in the year-ago period, Strides Pharma said in a regulatory filing

LT Foods Q2 net profit rises 64.8% to Rs 157.26 cr on domestic expansion

LT Foods Ltd on Monday reported a 64.86 per cent rise in consolidated net profit to Rs 157.26 crore for the second quarter ended September 30, helped by expansion in domestic and foreign markets. It had reported a net profit of Rs 95.39 crore for the July-September quarter a year ago, according to a regulatory filing by LT Foods Ltd, which owns basmati rice brands -- Daawat and Royal. Its revenue from operation increased 14.66 per cent to Rs 1,977.78 crore during the quarter under review. It was Rs 1,724.83 crore a year ago. The total expenses in the September quarter surged 11.94 per cent to Rs 1,792.33 crore. Its total income in the September quarter rose 15.02 per cent year-on-year to Rs 1,991.81 crore. LT Foods Managing Director and CEO Ashwani Arora said: "Our ongoing efforts to expand our presence in India and International markets have yielded substantial results, with our total business growing by 13 per cent during H1 FY24 and profit after tax (PAT) grew by 55 per cent".

Petronet LNG Q2 results: Net profit rises 9%, will invest Rs 20,685 crore

Petronet LNG Ltd, India's largest liquefied natural gas importer, on Monday reported a 9 per cent rise in the September quarter consolidated net profit as margins rose. It posted a consolidated net profit of Rs 855.74 crore, or Rs 5.70 per share, in July-September compared with Rs 785.73 crore, or Rs 5.24 a share, earning in the same period a year ago, according to a company's stock exchange filing. Revenue was down 21.6 per cent at Rs 12,532.57 crore on lower gas prices. Margin rose to 9.7 per cent in the second quarter of the current fiscal. Petronet said its board of directors approved an investment of Rs 20,685 crore for setting up a petrochemical plant at Dahej in Gujarat. The petrochemical plant, which will come up adjacent to India's largest LNG import facility operated by the company, will consist of a 750,000 tonnes per annum propane dehydrogenation plant (PDH) and 500,000 tonnes a year of poly-propylene plant. "The project would bring revenue generation from the sale of

RateGain hits new high on strong Q2 results; zooms over 100% in 7 months

Despite recent macro uncertainty, the management sees growth holding steady across the travel space but will maintain a cautiously optimistic approach keeping an eye on developments across key regions

M&M Finance slides to 6-month low, down 11% on disappointing Q2 margins

The company said the margins were impacted by higher borrowing rates coupled with change in portfolio mix in favour of better credit quality customers.

Cipla surges 4% on beating Q2 estimates; profit jumps 43%, revenue up 15%

The positive growth was aided by strength in domestic as well as US sales. Its overall Q2 revenue was its highest ever in a quarter, Cipla said.

Hi-Tech Pipes Q2 results: Net profit grows over two-fold to Rs 10.53 cr

Hi-Tech Pipes has posted over two-fold jump in consolidated net profit at Rs 10.53 crore in the September quarter, on higher income. It had clocked Rs 4.34 crore net profit in the July-September period of the preceding 2022-23 fiscal, the company said in a regulatory filing on Saturday. The company's total income rose to Rs 746.73 crore in the quarter under review, from Rs 599.40 crore in the year-ago quarter. In a separate statement, Hi-Tech Pipes said total sales volumes increased by 17.45 per cent to 1 lakh tonnes, as compared to 0.85 lakh tonnes in Q2 FY23, led by better demand for steel tubes/structural steel products and value-added products. Hi-Tech Pipes' Managing Director Ajay Kumar Bansal said during this quarter the company reported its highest ever revenue from operations. The healthy order book from government projects like Jal Jeevan Mission helped in maintaining a good momentum. "We will continue to increase the share of value-added products in our product basket an

IDFC First Bank Q2 results: Net profit rises 35% to Rs 751 crore

IDFC First Bank on Saturday reported a 35 per cent rise in net profit at Rs 751 crore in the second quarter ended September driven by operating income. The lender had posted a net profit of Rs 556 crore in the year-ago period. Total income in the second quarter of the current fiscal rose to Rs 8,786 crore from Rs 6,531 crore in the same period a year ago, IDFC First Bank said in a regulatory filing. The net interest income (NII) of the bank improved by 32 per cent to Rs 3,950 crore against Rs 3,002 crore in September 2022. The net interest margin increased to 6.32 per cent at the end of September 2023 as against 5.83 per cent at the end of second quarter of previous year. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 2.11 per cent of gross advances at the end of the September quarter from 3.18 per cent a year ago. Similarly, net NPAs or bad loans declined to 0.68 per cent as against 1.09 per cent in the year-ago period. Provision .

AU Small Finance Bank Q2 results: Net profit up 17% to Rs 402 crore

AU Small Finance Bank on Saturday reported 17 per cent rise in standalone net profit at Rs 402 crore for September quarter 2023-24 aided by improvement in interest income. The Jaipur-based lender had logged a net profit of Rs 343 crore in the year-ago period. Total income rose to Rs 2,957 crore from Rs 2,240 crore in the same period a year ago, AU Small Finance Bank said in a regulatory filing. Net interest income of the bank improved to Rs 1,249 crore from Rs 1,083 crore in September 2022. Net interest margin stood at 5.5 per cent at the end of September 2023. The bank's gross non-performing assets (NPAs) stood at 1.91 per cent of gross advances at the end of the September quarter 2023 as against 1.90 per cent a year ago. Net NPAs or bad loans rose to 0.60 per cent as against 0.56 per cent in the year-ago period. The Capital Adequacy Ratio of the bank decreased to 22.4 per cent from 23.3 per cent at the end of September 2022.

Pfizer Q2 results: Net profit declines 52% at Rs 149 cr, revenue slips 9.8%

Drug firm Pfizer Ltd on Saturday reported 52.11 per cent decline in net profit at Rs 148.96 crore for the second quarter ended September 2023. The company had logged a net profit of Rs 311.07 crore in July-September period a year ago, according to a regulatory filing by Pfizer. Revenue from operations declined 9.76 per cent to Rs 575.21 crore in the quarter as against Rs 637.47 crore in the year-ago period. Total expense was at Rs 410.76 crore, down 5.66 per cent. Total income was at Rs 611.28 crore in September quarter 2023-24, down 7.62 per cent.

Piramal Pharma clocks 11% revenue growth in quarter ending September

Company's Ebitda grows 44% year-on-year, Chairperson Nandini Piramal anticipates a stronger financial performance in H2

Oberoi Realty Q2 profit up 43% to Rs 457 crore in on higher revenue

Oberoi Realty Ltd has reported 43 per cent increase in consolidated net profit at Rs 456.76 crore for September quarter 2023-24 on higher revenue. Its net profit stood at Rs 318.62 crore in the year-ago period. Total income rose to Rs 1,243.80 crore during July-September 2023-24 from Rs 711.79 crore in the corresponding period of the previous year, the company said in a regulatory filing on Friday. Mumbai-based Oberoi Realty, which mainly focuses on luxury residential segment, logged a net profit of Rs 778.42 crore during April-September this fiscal as against Rs 721.70 crore in the year-ago period. Total revenue increased to Rs 2,177.36 crore in the first six months of this fiscal from Rs 1,646.60 crore in the corresponding period of the previous year. Vikas Oberoi, Chairman & Managing Director, Oberoi Realty, said, "We believe the real estate market will continue its upward trajectory through consistently surging demand for established brands, spacious apartments and a desire ..

Union Bank of India Q2 results: Net profit jumps 90% to Rs 3,511 crore

Mumbai-based public sector lender's net interest income (NII) expanded 9.89 per cent to Rs 9,126 crore in Q2FY24, compared to Rs 8,305 crore in the same quarter a year ago

Q2 results: All-round show delivers 27.4% net profit surge for RIL

Q2 sales, PBIDT highest ever for firm; marginal miss on PAT

SBI Card Q2 results: Net profit grows 15% to Rs 603 cr on higher income

SBI Cards and Payment Services Ltd (SBI Card) on Friday reported a 15 per cent rise in net profit at Rs 603 crore for the quarter ended September on higher income. The pure-play credit card company, promoted by the country's largest lender State Bank of India (SBI), had reported a net profit of Rs 526 crore in the previous quarter a year earlier. The total income in the second quarter of the current fiscal rose 22 per cent to Rs 4,221 crore, from Rs 3,453 crore a year ago, SBI Card said in a regulatory filing. The interest income grew 28 per cent to Rs 1,902 crore, while income from other sources jumped 21 per cent to Rs 2,186 crore. There was slight deterioration in the company's asset quality with the gross non-performing assets rising to 2.43 per cent of the gross advances as of September, from 2.14 per cent a year earlier. Net NPAs (bad loans) also rose to 0.89 per cent from 0.78 per cent in the corresponding quarter of last year. On capital adequacy, the company said the rat

Reliance Retail Q2 results: Net profit rises 21% to Rs 2,790 crore

During the quarter, Reliance Retail raised Rs 15,314 crore from KKR, Qatar Investment Authority and Abu Dhabi Investment Authority

Jio Platforms Q2 net profit increases 12% on stronger subscriber base

Jio Platforms' earnings before interest, taxes, depreciation, and amortisation (Ebitda) for the quarter was a record Rs 13,528 crore, up 12.6 per cent Y-o-Y

Record sales drive up Maruti Suzuki India profit 78% to all-time high

India's largest carmaker reported a 6.3 per cent year-on-year (Y-o-Y) increase in domestic passenger vehicle (PV) sales, at 482,731 units, in Q2 of FY24

Cipla Q2 results: Profit surges 43% to Rs 1,131 crore on strong US sales

Cipla beat Bloomberg estimates which had pegged revenues at around Rs 6,490 crore and net income at Rs 984 crore