IDFC LTD Q2 RESULTS
Zydus Lifesciences Q2 Results: Net profit jumps 14% YoY to Rs 911 crore
Zydus Lifesciences reported a 14% YoY net profit rise to Rs 911 crore for Q2FY25, driven by strong sales in India and the US. Revenue grew 20% YoY to Rs 5,237 crore. However, QoQ profit and revenue declined. EBITDA rose 27.5% YoY.
Nykaa Q2 Results: PAT jumps 66% YoY to Rs 13 crore; revenue rises 24%
Nykaa Q2 Results: Revenue from operations in the reporting period rose 24% year-on-year (YoY) to Rs 1,875 crore. The company posted an EBITDA growth of 29% YoY to Rs 104 crore in the reporting quarter, while margins improved 18 bps to 5.5%.
ONGC Q2 Results: Standalone net profit rises 17% YoY to Rs 11,984 crore; dividend of Rs 6 per share declared
ONGC Q2 Results: The board has announced a first interim dividend of Rs 6 per equity share with a face value of Rs 5 for the 2024-25 financial year. November 20 has been set as the record date to determine shareholder eligibility for the dividend payment.
Hyundai India Q2 Results: Cons PAT falls 16% YoY to Rs 1,375 crore, revenue down 7%
Hyundai India Q2 Results: Revenue from operations in the reporting period, too, fell 7% year-on-year (YoY) to Rs 17,260 crore. The stock is trading 2.50% lower. The company reported an EBITDA of Rs 2,205 crore in Q2, a 10% drop from Rs 2,440 crore in the same quarter last year. Margins also decreased by 30 basis points year-over-year, reaching 12.8% for the period. Hyundai India cited weak market sentiment and geopolitical factors as reasons for the decline in PAT.
Q2 results today: Hyundai, Nykaa among 540 companies to announce earnings on Tuesday
Nykaa is predicted to experience a threefold increase in net profit for the second quarter, reaching Rs 1900 crore in revenue. This surge is attributed to the success of their beauty and personal care (BPC) sector. The fashion vertical also showed growth, with revenue growth in the early twenties.
BEML Q2 Results: Co reports marginal YoY decline in PAT, revenue falls 6%
BEML, the Miniratna company, reported a marginal 0.75% decline in its profit after tax (PAT) for Q2 FY2024, totalling Rs 51.03 crore, compared to Rs 51.78 crore in the same quarter last year. The company’s revenue from operations fell by 6.2% YoY.
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Hindalco Q2 Results: Standalone net profit soars 123% YoY to Rs 1,891 crore, beats estimates
Hindalco Q2 Results: Profit exceeded the Street estimate of Rs 1,294 crore, with revenue from operations rising 8% YoY to Rs 22,262 crore in the period. Strong profit growth was fueled by solid operational performance in the India business, favourable macro conditions, and effective cost management.
Shree Cement Q2 Results: Profit plunges 83% YoY to Rs 76 crore; revenue down 15%
Shree Cement Q2 Results: Net profit stood at Rs 447 crore in the year-ago quarter. Despite challenging demand due to prolonged monsoons and softer prices, the company stated that its focus on brand equity, product premiumization, and improved geo-mix helped sustain its realization on a QoQ basis.
Q2 results this week: Hyundai, Nykaa, Vodafone Idea among 2515 companies to announce earnings
Over 2500 companies, including prominent names like ONGC, Hindalco, and Hero MotoCorp, are set to release their second-quarter earnings this week. Early reports suggest muted results, with analysts predicting the slowest growth in over four years due to a marginal 2% rise in Nifty earnings.
Asian Paints Q2 Results: Cons PAT slips 42% YoY to Rs 695 crore amid subdued demand
Asian Paints Q2 Results: Asian Paints reported a profit below the ET Now poll estimate of Rs 1,079 crore. In Q2, the company saw a 5.3% decline in consolidated net sales, down to Rs 8,003 crore from Rs 8,451.9 crore in the same quarter of FY24. An interim dividend of Rs 4.25 for FY25 was also announced, with the record date set for November 19 and payment to shareholders scheduled on or after November 28, 2024.
Divi's Laboratories Q2 Results: PAT jumps 46% YoY to Rs 510 crore on forex gain
Divi's Laboratories Q2 Results: The company reported a 22.5% year-on-year revenue increase in Q2, reaching Rs 2,338 crore, up from Rs 1,909 crore in the previous year’s corresponding quarter. Profit before tax rose to Rs 722 crore, compared to Rs 469 crore in the same period last year.
Action Construction Equipment Q2 Results: PAT grows 28% YoY to Rs 95 crore
Action Construction Equipment saw a profit jump of 28% in the recent quarter. The company's income also increased, reaching Rs 790.90 crore. Sales of cranes and construction equipment were strong. The company sold 2,863 units, a 9% increase from the previous year. Action Construction Equipment is positive about future growth opportunities.
Vedanta Q2 Results: Mining major swings to black with Rs 5,603 crore profit versus YoY loss
Vedanta LTD Q2 Results FY25: Revenue from operations fell 4% year-on-year to Rs 37,171 crore in the quarter ending September 2024, compared to Rs 38,546 crore in the same period last year. The company reported an EBITDA of Rs 9,828 crore for the July-September quarter, with margins at 26.1%.
Ola Electric Q2 Results: Net loss narrows YoY to Rs 495 cr; revenue jumps 39%
Ola Electric Q2 Results: Revenue from operations increased by 39% YoY to Rs 1,214 crore in the September quarter. However, the loss widened sequentially from Rs 347 crore in the previous June quarter. EBITDA losses for the quarter stood at Rs 223 crore, which is higher compared with Rs 321 crore loss reported in the last year period. However, on a quarter-on-quarter basis, operating losses widened from Rs 65 crore posted in Q1FY25.
Tata Motors Q2 Results: Cons PAT falls 11% YoY to Rs 3,343 crore, misses estimates
Tata Motors Q2 Results: During the quarter, its revenue dropped 3.5% YoY to Rs 101,450 crore. In a challenging environment, the company’s EBITDA margin dropped by 230 bps YoY to 11.4%, with caution on short-term domestic demand. JLR revenue fell 5.6% to £6.5 billion due to supply issues, leading to a 220 bps EBIT margin drop to 5.1%. Commercial vehicle revenue declined 13.9%, but EBITDA margin improved to 10.8% (up 40 bps) due to favourable pricing and cost savings.
LIC Q2 Results: Profit slips 4% YoY to Rs 7,621 crore
LIC Q2 Results: Net premium income during the reporting quarter increased 11% year-on-year (YoY) to Rs 1.19 lakh crore, compared with Rs 1.07 lakh crore in the same quarter last year.
Info Edge Q2 Results: PAT slides 59% YoY to Rs 86 crore; revenue rises 11%
Revenue from operations grew 11% to Rs 656 crore in the quarter, up from Rs 593 crore in the same period last year. The recruitment business saw steady growth in Q2, while non-recruitment segments also expanded, reducing operating losses.
SBI Q2 Results: PAT jumps 28% YoY to Rs 18,331 crore, beats estimates
SBI Q2 Results Today: State Bank of India (SBI) reported a 28% YoY rise in profit to Rs 18,331 crore, beating earnings estimates of Rs 15,550 crore. Net interest income grew 5% YoY to Rs 41,620 crore, while pre-provision operating profit surged 51% YoY to Rs 29,294 crore for the July-September 2024 quarter.
SBI Q2 Results Preview: NII may grow at 4-9% YoY on healthy loan growth
State Bank of India is predicted to post single-digit net interest income growth for the September quarter, fueled by loan growth but tempered by deposit costs. Brokerage estimates project net profit to range between Rs 12,894 crore and Rs 18,712 crore, with varying outlooks on year-on-year and sequential changes.
Trent Q2 Results: Profit jumps 46% YoY to Rs 423 crore, revenue up 40%
Trent Q2 Results FY25: Trent, the Tata Group retailer, exceeded profit expectations with a 46% surge to Rs 423.44 crore in the September quarter, driven by strategic initiatives. However, revenue fell short of estimates at Rs 4,035.56 crore, despite a 39.6% increase, in a challenging consumer market.
Tata Steel Q2 Results: Company reports profit of Rs 833 crore vs Rs 6,196 crore loss a year ago
Tata Steel Q2 Results: Tata Steel Ltd on Wednesday reported a net profit of Rs 833 crore in the quarter ended September 2024, compared with a loss of Rs 6196 crore in the last year quarter.
Apollo Hospitals Q2 Results: PAT soars 63% YoY to Rs 379 crore, beats estimates
Apollo Hospitals Q2 Results: Revenue from operations rose 15% year-on-year to Rs 5,589 crore in the July-September 2024 period, surpassing ET Now’s poll estimate of Rs 5,485 crore. EBITDA for the second quarter reached Rs 816 crore, marking a 30% year-on-year increase.
Dr Reddy's Labs Q2 Results: Profit falls 15% YoY to Rs 1,255 crore, revenue up 17%
Dr Reddy's Labs Q2 Results: Healthcare major Dr Reddy's on Tuesday reported 15% drop in its consolidated net profit at Rs 1255 crore in the second quarter. It was Rs 1480 crore in the year-ago quarter.
Titan Q2 Results: Net profit falls 23% YoY to Rs 704 crore on customs duty cut
Titan Q2 Results: The profit fell short of Street estimates of Rs 900 crore, based on an ET Now poll, while revenue exceeded projections of Rs 12,350 crore. Titan’s core jewellery segment saw a 26% increase in total income to Rs 10,763 crore for the quarter, with an EBIT of Rs 932 crore at an 8.7% margin. Adjusted for customs duty, Q2FY25 EBIT reached Rs 1,222 crore, achieving an 11.4% margin.
Mazagon Dock Q2 Results: PAT soars 76% YoY to Rs 585 crore, revenue jumps 51%
Mazagon Dock Q2 Results FY 25: Mazagon Dock Shipbuilders recorded significant financial growth in the second quarter of 2024. The company's profit after tax soared by 75.7% compared to the same period last year. Revenue from operations also witnessed a substantial increase of 50.8%. This impressive performance was driven by a surge in EBITDA, reflecting the company's strong operational efficiency.
Coal India shares tumble nearly 6% after Q2 PAT falls 22% YoY. Should you invest?
Coal India shares fell 5.6% after reporting a 22% profit decline. Analysts maintained buy ratings with revised target prices, citing challenges but a positive long-term outlook for coal demand.
IDFC First Bank shares nosedive 10%, hit 52-week low as Q2 profit plummets 73%
IDFC First Bank Share Price: IDFC First Bank reported a 73% drop in Q2 standalone net profit to Rs 201 crore, with gross NPA at 1.92%. The CASA ratio stood at 48.9%, and retail deposits comprised 80.4% of total deposits. Brokerage firm Nuvama maintained a 'Hold' rating and lowered its target price to Rs 60, citing increased credit costs and deteriorating asset quality in the microfinance segment.
IDFC First Bank Q2 Results: Standalone net profit falls 73% YoY to Rs 201 crore on provisions, NII jumps 21%
IDFC First Bank reported a 73% drop in its September quarter standalone net profit at Rs 201 crore versus Rs 751 crore reported by it in the year ago period. However, the Net Interest Income (NII) grew 21% to Rs 4,788 crore in Q2FY25 versus Rs 3,950 crore in the year ago period.
IDFC First Bank to report Q2 results today. Here's what to expect
IDFC First Bank is expected to report robust growth in net interest income for Q2, despite predictions of a decline in profit due to higher credit costs. Analysts anticipate strong YoY growth in loans, advances, and deposits, with a notable increase in the CASA ratio.
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