Page 88 - Q2 Results

Dr Reddy's Q2 results: Net profit after tax rises 33% to Rs 1,482 crore

Consolidated quarterly revenue rose 9% to 69.03 billion rupees led by a 9% growth in the key global generics segment

Practo aims to turn profitable in FY24, targets 50% revenue growth

Practo's co-founder and chief executive officer Shashank ND said that they have been focusing on profitability and so far in FY24, they have been cash flow positive

Markets snap 6-day losing run; Sensex jumps 635 pts, Nifty nears 19,050

Closing Bell on October 27, 2023: Among sectors, the Nifty PSU Bank index jumped 4 per cent today

Indian Overseas Bank Q2 results: Net profit rises 25% to Rs 627 crore

During the period under review, the bank's total income rose 19 per cent to Rs 6,941.5 crore compared to Rs 5,854 crore during the same quarter last fiscal

Maruti Suzuki Q2 profit jumps 80% to Rs 3,717 cr driven by better sales

The company sold 5,52,055 vehicles during the quarter as compared to 5,17,395 units in the second quarter of last year

Cipla profit rises 45% to Rs 1,156 cr, sales up 14.4% to Rs 6,590 cr in Q2

Consolidated total revenue from the sale of products in the quarter under review stood at Rs 6,589.22 crore, up 14.41 per cent, as against Rs 5,759.28 crore in the year-ago period

Indian Overseas Bank net profit rises 25% to Rs 625 cr in Sept quarter

Indian Overseas Bank (IOB) on Friday reported a 25 per cent growth in net profit to Rs 625 crore during the September quarter. The state-owned lender had posted a net profit of Rs 501 crore in the year-ago period. IOB's gross NPA ratio improved to 4.74 per cent in the second quarter of this fiscal, from 8.53 per cent in the same period of 2022-23 fiscal. Interest income stood at Rs 5,821 crore for the quarter ended September 30, 2023. Total business improved to Rs 4.82 lakh crore. Shares of IOB were trading 4.74 per cent higher at Rs 40.22 apiece on the BSE.

Nifty PSU Bank index soars 3% on strong Q2 earnings by PNB, Canara Bank

For the quarter ended September 2023, PNB reported a solid 327 327 per cent YoY surge in net profit, while Canara Bank's net profit grew 42.8 per cent.

Shriram Finance surges 9% on healthy September quarter results

Shriram Finance's reported NIM expanded ~60bp QoQ driven by lower negative carry because of lower liquidity on the balance sheet, and increase in high-yielding products in the mix.

Canara Bank Q2FY24 result: Net profit rises 42.8% at Rs 3,606 crore

Healthy NII growth, stable asset quality props up bottom-line

Punjab National Bank profit zooms 327% to Rs 1,756 crore in Q2FY24

NII expanded by 29 per cent year-on-year to Rs 9,923 crore in Q2FY24. Sequentially, NII rose from Rs 9,544 crore in Q1FY24

ACC Ltd Q2FY24 result: Consolidated net profit at Rs 387 cr; revenue up 11%

The total income for Q2FY24 came in at Rs 4,644.78 crore, compared to Rs 4,057.08 crore year-on-year, registering a rise of 14.48 per cent

Asian Paints Q2FY24 results: Net profit rises 54% to Rs 1,205 crore

On a quarter-on-quarter (Q-o-Q) basis, the company's net sales decreased by 7.7 per cent, while net profit declined by 22.2 per cent

Vodafone Idea Q2 results: Net loss surges 15.2% to Rs 8,746 crore

Company incurred higher expenses on rising finance cost, slow revenue growth

Colgate-Palmolive India Q2 results: Net profit rises 22% on higher demand

ntensive marketing efforts and increased distribution, meanwhile, have boosted demand in rural areas

Sundaram Home Finance Q2 results: Net Profit rises 18% at Rs 59.33 cr

Sundaram Home Finance has reported a 18 per cent increase in its net profit for the second quarter ending September 30, 2023 at Rs 59.33 crore, the company said on Thursday. The city-based wholly owned subsidiary of non-banking finance company Sundaram Finance had registered a net profit at Rs 50.30 crore during the corresponding quarter of last year. For the half-year ending September 30, 2023 the net profit of the company grew to Rs 116.75 crore, up by 20 per cent, from Rs 97.56 crore registered during the same period of last year. Disbursements made during the quarter under review grew to Rs 1,213.87 crore from Rs 940.56 crore recorded in the same period of last year. For the six month period ended September 30, 2023 the total disbursements rose to Rs 2,307.38 crore, from Rs 1,736.25 crore registered in the same period of last year. Commenting on the financial performance, Sundaram Home Finance MD, Lakshminarayanan Duraiswamy said,"the strong growth of 33 per cent in disburseme

Aditya Birla Sun Life AMC Q2 results: Net profit declines 7% to Rs 178 cr

Aditya Birla Sun Life AMC, part of Aditya Birla Capital, on Thursday reported a seven per cent decline in net profit to Rs 178 crore in the September quarter. The asset management firm had posted a net profit of Rs 191.7 crore in the year-ago period, Aditya Birla Sun Life AMC said in a statement. The company's revenue from operations rose eight per cent to Rs 335 crore in the quarter under review from Rs 311 crore a year ago. ABSL AMC's assets under management stood at Rs 3.1 lakh crore in the second quarter of the current fiscal, registering a growth of 10 per cent. Founded in 1994, the Aditya Birla Sun Life AMC is co-owned by Aditya Birla Capital and Sun Life (India) AMC Investments Inc. It is one of the leading asset managers in the country, servicing around 7.89 million investor accounts with a pan-India presence across over 290 locations.

Vodafone Idea Q2 results: Consolidated net loss widens to Rs 8,738 crore

Debt-ridden telecom operator Vodafone Idea on Thursday said its consolidated net loss widened to Rs 8,737.9 crore in the second quarter ended September 30. The company had posted a net loss of Rs 7,595.5 crore a year ago. Its consolidated revenue from operations was almost flat at Rs 10,716.3 crore during the reported quarter against Rs 10,655.5 crore in the September 2022 quarter.

Indian Bank Q2 results: Net profit rises 61% to Rs 2,068.49 crore

The total income of the Chennai-based bank also rose by 25 per cent during the quarter, reaching Rs 15,929.4 crore compared to Rs 12,714.2 crore in the same quarter of the FY23

Canara Bank Q2FY24 result: Net profit jumps 42% to Rs 3606 cr; NPA down 27%

The net interest income (NII) for Q2FY24 came in at Rs 26,837.68 crore, compared to Rs 20,106.92 crore year-on-year