Page 4 - Corporate Earnings

Aditya Birla Capital Q2 results: Net profit rises 42% to Rs 1,001 crore

Aditya Birla Capital on Wednesday reported a 42 per cent increase in consolidated net profit to Rs 1,001 crore in the second quarter ended September 2024. The financial services arm of Aditya Birla Group earned a net profit of Rs 705 crore in the same quarter in the previous financial year. The consolidated profit after tax includes a gain of Rs 167 crore on sale of entire stake of 50 per cent in Aditya Birla Insurance Brokers Limited, Aditya Birla Capital Ltd said in a regulatory filing. The total income increased to Rs 10,362 crore during the quarter under review against Rs 7,615 crore in the same quarter last year, it said. Its interest income rose to Rs 4,141 crore compared to Rs 3,444 crore in the same quarter a year ago. Total expenses also increased to Rs 9,034 crore during the second quarter as regards Rs 6,671 crore in the same period previous year. The total Asset Under Management (AMC, life insurance and health insurance) grew by 24 per cent to Rs 5,01,152 crore as on

American CEOs say this is as bad as it gets for corporate earnings

A broadening becomes especially important for the rally's progress now that megacap tech companies are projected to show slowing profit growth, on average

Record-breaking real estate IPOs in India raise Rs 13,500 cr in 2024 so far

123 IPOs listed till October 20 this year

Hitach Energy India Q2 results: Net profit rises 111% to Rs 52 crore

Hitachi Energy India on Tuesday posted over 111 per cent jump in net profit to Rs 52.3 crore in the September quarter, mainly due to higher revenues. The company had reported a net profit of Rs 24.7 crore in the quarter ended on September 30, 2023, according to a company statement. According to the statement, the revenue for the July-September 2024 quarter was Rs 1,553.8 crore, 26.5 per cent higher than Rs 1,228.2 crore a year ago on the back of a favourable mix and good order execution during the quarter. In the quarter ended September 30, 2024, the orders totalled Rs 1,952 crore, up 11.7 pe cent year-on-year from Rs 1,747.1 crore in July-September 2023. Renewables led the charge -- from studies across utilities, power quality and substation projects. Expansion, upgrades and improved efficiency also resulted in orders from existing power plants, it stated. The service portfolio witnessed substantial year-on-year growth of 65 per cent. Orders included comprehensive overhauling of

HT Media Q2 results: Loss narrows down to Rs 6.33 cr, revenue up 7.55%

HT Media Ltd on Tuesday reported a narrowing down of its consolidated net loss to Rs 6.33 crore for the September quarter. The company had posted a net loss of Rs 56.95 crore in the year-ago period, according to a regulatory filing from HT Media. Its revenue from operations was up 7.55 per cent to Rs 423.75 crore in the September quarter from Rs 393.99 crore in the corresponding period last year. HT Media's total expenses in the September quarter were up 2.44 per cent to Rs 488.67 crore. Its total income, which includes other income, in the September quarter, was at Rs 479.28 crore, up 12.24 per cent. Commenting on the result HT Media Chairperson Shobhana Bhartia said, "The second quarter of the current fiscal saw an improvement in the overall performance of your company. Our revenue grew and operating profitability increased." "This performance can be attributed to our focused efforts on pricing, cost management and efficiency as well as a conducive business environment," she ..

Voltas Q2 results: Net profit increases over two-fold to Rs 133 crore

Air-conditioning maker and engineering services provider Voltas Ltd on Tuesday reported more than two-fold jump in consolidated net profit to Rs 132.83 crore for the September quarter. The increase was led by a 56 per cent volume growth from its room AC business. It had posted a consolidated net profit of Rs 35.65 crore in the July-September period a year ago, the company said in a regulatory filing. Voltas' revenue from operations was up 14.23 per cent to Rs 2,619.11 crore during the quarter under review from Rs 2,292.75 crore in the year-ago period. Total expenses of Voltas increased 10.74 per cent to Rs 2,486.89 crore in the September quarter. Voltas' total income, which includes other income, was up 16.53 per cent in the September quarter to Rs 2,754.58 crore. Shares of Voltas Ltd on Tuesday settled at Rs 1,770.50 on the BSE, up 0.47 per cent from the previous close.

Anant Raj Q2 results: Net profit increases 76% to Rs 105.58 crore

Realty firm Anant Raj Ltd's consolidated net profit rose 76 per cent to Rs 105.58 crore in the second quarter of this fiscal and it plans to raise up to Rs 2,000 crore through the issue of securities to institutional investors. Its net profit stood at Rs 60.10 crore in the year-ago period. Total income rose to Rs 523.75 crore in the July-September period of this fiscal from Rs 340.83 crore in the corresponding period of the preceding year, according to a regulatory filing on Monday. The company's board approved the issuance of equity shares or other convertible securities by way of Qualified Institutions Placement (QIP) for an aggregate consideration not exceeding Rs 2,000 crore only. The board also approved the issue and allotment of fully convertible warrants, each carrying a right exercisable by the warrant holder to subscribe to one equity share of face value of Rs 2 each to the persons belonging to the promoter and promoter group on a preferential basis, aggregating up to Rs 1

Deepak Fertilisers Q2 results: Net profit soars over 3-fold to Rs 214 cr

Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) reported a more than three-fold surge in second-quarter profit at Rs 214.07 crore on Tuesday, driven by strong sales growth across its business segments. The fertiliser maker's consolidated net profit stood at Rs 63.45 crore in the same quarter in the previous fiscal year. Revenue from operations rose 12.7 per cent to Rs 2,753.59 crore, while total expenses increased 5.5 per cent to Rs 2,454.92 crore. Separately, the company said it has appointed Subhash Anand, currently serving as President (Strategy), as its new President and Chief Financial Officer effective December 1. Shares of DFPCL closed 11.1 per cent higher at Rs 1,256.05 apiece on the BSE.

L&T Q2 results preview: Profit may rise up to 19% YoY; margins could shrink

L&T Q2 results preview: The engineering, procurement and construction (EPC) major's core revenue is expected to have grown in Q2FY25 as its domestic execution normalises

Evaluating corporate results: Don't confuse sales data with consumer trends

Evaluating corporate results through the lens of factors affecting consumer demand makes more sense than the reverse

CAMS Q2 results: Net profit rises 45% to Rs 122 cr, revenue up 33%

CAMS, which acts as a registrar and transfer agent for mutual funds, on Monday reported a 45 per cent rise in profit after tax to Rs 122.5 crore for the three months ended September 2024. It had a profit after tax (PAT) of Rs 84.51 crore in the same quarter of the preceding fiscal. The company's revenues from operations rose 33 per cent to Rs 365.17 in the July-September quarter of the current financial year (FY25) from Rs 275 crore in the year-ago period, the company said in a statement. "Our overall assets under service touched a lifetime high of Rs 45 lakh crore, with the quarter recording the highest ever asset accretion. Strong retail participation in equity assets via SIPs and NFOs catapulted our equity net-sales to touch nearly Rs 1 lakh crore during the second quarter and record a staggering 59 per cent y-o-y growth in equity asset base," the company's CEO Anuj Kumar said. For the first half of FY25, CAMS reported consolidated revenue of Rs 696.57 crore, a 30 per cent ...

Arvind Fashions Q2 results: Net profit rises 36% to Rs 30 cr on high demand

The company, which retails clothing from international brands such as Arrow, Calvin Klein and Tommy Hilfiger, said its profit after tax rose to 300 million rupees for quarter ended Sept. 30

Kalpataru Projects Int'l Q2 results: Net profit grows 40% to Rs 125.5 crore

Kalpataru Projects International Ltd (KPIL) on Monday reported about 40 per cent rise in consolidated net profit to Rs 125.56 crore in the September quarter aided by higher income. It had posted a net profit of Rs 89.89 crore in the July-September period of the preceding 2023-24 fiscal year, the company said in an exchange filing. Its total income rose to Rs 4,946.98 crore from Rs 4,530.49 crore in the year-ago period. The company's expenses were at Rs 4,758.96 crore as against Rs 4,398.06 in the same quarter of the previous fiscal year. During the quarter, the company signed binding agreements for the sale of Vindhyachal Expressway for enterprise value of Rs 775 crore. The deal is expected to close in FY26, subject to requisite approvals and closing adjustments. In the April-September period, the company posted a net profit of Rs 249 crore compared to Rs 239 crore in the year-ago period. The company's net debt stood at Rs 2,793 crore at the end of the second quarter. In a state

JSW Infra Q2 results: Net profit up 46% at Rs 372 cr on strong cargo growth

The company, India's second-biggest private port operator, reported consolidated net profit of 3.72 billion rupees ($44.3 million) in second quarter ended Sept. 30, up by 46% on-year

Shakti Pumps Q2 results: Net profit increases multi-fold to Rs 101 crore

Shakti Pumps (India) Ltd (SPIL) has reported a multifold jump in consolidated profit after tax in the quarter ended September to Rs 101.4 crore, on account of a surge in revenues. It had posted Rs 6 crore profit after tax (PAT) in the July-September quarter of the preceding 2023-24 fiscal, the company said in statement issued on Monday. During the second quarter, the company's revenue from operations also rose four-fold to Rs 634.6 crore, from Rs 152.8 crore a year ago. In April-September, the PAT was at Rs 194.1 crore, up from Rs 6.9 crore in the first half of the last financial year. While revenues rose to Rs 1,202.2 crore in the first half from Rs 265.8 crore in the six month period of FY24. The company had an outstanding order book of around Rs 1,800 crore as on September 30, 2024. "We announce another exceptional quarter for our company, showcasing significant revenue expansion and a marked increase in profitability. "These achievements are a direct result of faster executi

Adani Power Q2 results: Net profit declines 50% to Rs 3,297.52 crore

Adani Power on Monday reported a 50 per cent decline in its consolidated net profit to Rs 3,297.52 crore in the September quarter compared to a year ago, mainly due to lower income as well as higher taxes. The company had posted a consolidated net profit of Rs 6,594.17 crore in the quarter ended September 2023, a BSE filing stated. The company explained that there were lower one-time revenue recognition of prior period items of Rs 1,020 crore in the first half of FY25 (April-September 2024) as compared to Rs 9,278 crore in H1 FY24, following the resolution of all major regulatory matters and realisation of outstanding dues from discoms (power distribution companies) in the previous year. It also stated that the one-time prior period revenue recognition in Q2 FY25 (July-September 2024) was Rs 598 crore, as compared to Rs 2,781 crore in Q2 FY24. The company had higher tax expenses, including deferred tax charge totalling to Rs 1,829 crore in H1 FY25, whereas H1 FY24 had recognition o

Ajmera Realty Q2 results: Net profit increases 57% to Rs 35.35 crore

Ajmera Realty & Infra India Limited on Monday reported a 57 per cent increase in its consolidated net profit to Rs 35.35 crore in the September quarter. Its net profit stood at Rs 22.53 crore in the year-ago period. Total income rose to Rs 204.12 crore in the second quarter of the current fiscal from Rs 147.59 crore in the corresponding period a year ago, according to a regulatory filing. The company has raised Rs 225 crore from investors on preferential allotment basis. Mumbai-based Ajmera Realty & Infra India is one of the leading real estate firms in the country.

Mahindra Lifespace Q2 results: Net loss at Rs 14 cr on lower income

Realty firm Mahindra Lifespace Developers Limited has posted a consolidated net loss of Rs 14.01 crore for the second quarter of this fiscal on lower income. The company had posted a net loss of Rs 18.93 crore in the year-ago period. Its total income declined to Rs 16.96 crore during the July-September quarter from Rs 26.70 crore in the year-ago period, according to a regulatory filing on Friday. During the April-September period of this fiscal, Mahindra Lifespace posted a net loss of Rs 1.27 crore against a net loss of Rs 23.20 crore in the year-ago period. The total income grew to Rs 222.66 crore in the first six months of this fiscal from Rs 136.76 crore in the same period of the preceding year. In 2023-24, Mahindra Lifespace reported a net profit of Rs 98.30 crore on a total income of Rs 279.12 crore. Mahindra Lifespace, a real estate arm of Mahindra Group, is one of the leading real estate developers in the country.

Coal India Q2FY25 results: Net profit declines 22% to Rs 6,275 crore

The consolidated sales of the company during the second quarter declined to Rs 27,271.30 crore, over Rs 29,978.01 crore in the year-ago period

IDBI Bank Q2 FY25 results: Net profit rises 39% to Rs 1,836 crore

Net interest income expanded 26% Y-o-Y to Rs 3,875 crore in Q2FY25 compared to a year-ago period