Page 5 - Q2 Results

Infibeam Avenues Q2 results: Net profit increases 5% at Rs 44 crore

Payments-focused fintech Infibeam Avenues on Tuesday reported a 5 per cent increase in its consolidated net profit to Rs 44 crore for the September quarter. The Gandhinagar-headquartered entity had reported a net profit of Rs 41.89 crore in the year-ago period. On a standalone basis, its profit after tax slipped to Rs 36.1 crore from Rs 37 crore in the year-ago period, and Rs 36.26 crore in the quarter-ago period. The total income rose to Rs 949.34 crore from Rs 741.67 crore, while the operating expenses increased to Rs 900 crore from Rs 689.54 crore. The company has guided for a 23-32 per cent growth in the gross revenue at Rs 3,900-Rs 4,200 crore in FY25 and the operating profit to rise 9-19 per cent to Rs 275-300 crore. The Infibeam scrip closed 1.30 per cent down at Rs 27.37 apiece on the BSE as against a 1.03 per cent correction on the benchmark.

PTC India Q2 results: Net profit rises 16% to Rs 234 cr on higher revenues

Power trading solutions provider PTC India on Tuesday posted a nearly 16 per cent rise in its consolidated net profit to Rs 233.82 crore for the September quarter on higher revenues. The company had reported a consolidated net profit of Rs 202.31 crore in the quarter ended September 2023, a BSE filing showed. Its total income rose to Rs 5,133.63 crore in the quarter from Rs 5,088.29 crore a year ago. The Board of Directors of the company in its meeting held on November 12, 2024, approved the appointment of Rajneesh Agarwal as the nominee director of NHPC Ltd on the board, the filing stated. In a separate statement, the company stated that the trading volume rose 13 per cent in Q2 FY25 to 24,039 MU (million units compared to 21,326 MUs in Q2 FY24. The consulting income for Q2 FY25 stood at Rs 10.30 crore while the core trading margin stood at 3.60 paise per unit, it informed. PTC India Chairman and Managing Director Manoj Kumar Jhawar said, "A healthy mix of volume from trades acr

IndusInd keeps 'buy' tag after disappointing Q2 results' bring down stock

Most analysts expect the bank to return to stronger margins and optimise lending portfolio

GIC Re Q2FY25 results: Net profit increases 16% to Rs 1,860.76 crore

The underwriting loss of the company decreased by 26 per cent to Rs 1,088.43 crore from Rs 1,471.61 crore

Sunteck Realty Q2FY25 results: Pre-sales grow 32% to Rs 524 crore

The company's revenue from the quarter's operations also grew sixfold to Rs 169.04 crore

PN Gadgil Jewellers Q2FY25 results: Net profit jumps 59% to Rs 34.91 cr

Recently listed Jewellery retailers PN Gadgil Jewellers on Tuesday reported 59.11 per cent growth in net profit to Rs 34.91 crore in the quarter ended September 2024. The company's net profit stood at Rs 21.94 crore during the corresponding period of the previous fiscal, PN Gadgil Jewellers said in a regulatory filing. Its revenue from operations increased 45.92 per cent to Rs 2,001.31 crore during the quarter under review compared to Rs 1,371.51 crore a year ago. "The second quarter of FY25 has been highly rewarding, marked by strong operating performance across all our markets despite significant volatility in gold prices. Q2 FY25 surpassed expectations, establishing a solid foundation for growth, with demand levels exceeding those of the second quarter of FY24," PN Gadgil Jewellers Chairman and Managing Director Saurabh Gadgil said. The company made a strong debut on the stock market on September 17, 2024, he said. "Several factors shaped this successful quarter. The reduction

Religare Enterprises Q2 results: Net profit jumps 70% to Rs 68 crore

Religare Enterprises on Tuesday reported a 70 per cent jump in consolidated net profit to Rs 68.49 crore for the second quarter ended September 2024. The financial services firm had a consolidated net profit of Rs 40.35 crore in the July-September quarter of 2023-24. Its total revenue stood at Rs 1,971 crore during the second quarter of the current fiscal year, up from Rs 1,586 crore in the corresponding period of the last year. In a regulatory filing, Religare Enterprises further said that its Group CFO Nitin Aggarwal will cease to be associated with the company with effect from the close of business hours on November 12, 2024. Shares of Religare Enterprises closed at Rs 245.95, down 1.24 per cent over its previous close on the BSE.

Uno Minda Q2 results: Net profit increases 11% to Rs 266 cr, Ebitda up 20%

Auto components maker Uno Minda Ltd has posted an 11 per cent growth in consolidated profit after tax (PAT) at Rs 266.1 crore in the September quarter. The company had posted a consolidated net profit of Rs 237.16 crore in the year-ago period, it said on Tuesday. Revenue from operations grew 18 per cent to Rs 4,244.79 crore during the previous quarter from Rs 3,621.30 crore in the September quarter of FY24, Uno Minda said. The growth was driven by multiple segments led by lighting, switches, casting, sensors, and controllers, it said. The company said it continues to outperform the industry with revenue growth of 17 per cent vis-a-vis industry volume growth of 9 per cent. The earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the September quarter stood at Rs 482 crore, up 20 per cent from Rs 402 crore a year ago, the company said. "We have delivered yet another strong quarterly performance, with highest-ever quarterly revenue for the quarter," Uno Minda

Nykaa Q2 results: Net profit rises 67% to Rs 13 cr, revenue up 24%

Growth was bolstered by robust revenues across its beauty and fashion businesses

Zydus Lifesciences net profit up 14% on strong India, US formulations biz

The growth is attributed to strong performances across domestic and international formulations, and double-digit growth in the consumer wellness business

Bosch Q2FY25 results: PAT falls 46% to Rs 536 cr, revenue at Rs 4,394 cr

Auto components firm Bosch on Tuesday said its consolidated net profit declined 46 per cent on-year to Rs 536 crore in the September 2024 quarter. The company reported a net profit of Rs 1,000 crore in the July-September quarter of last fiscal. Revenue from operations increased to Rs 4,394 crore in the second quarter as compared with Rs 4,130 crore in the year-ago period, Bosch Ltd said in a regulatory filing. "Despite unpredictable rainfall and several macroeconomic factors affecting the automotive industry's overall performance this quarter, we showcased our capacity to adapt to changing market demands and provide high-quality solutions that align with our customers' needs," Bosch Ltd Managing Director Guruprasad Mudlapur said. The company anticipates sustained demand across segments driven by the festive period in the next quarter, he added. Coupled with investments in advanced technologies and a strong commitment to localisation, the company will continue to deepen its efforts

Samvardhana Motherson Q2FY25 results: Net profit rises 4-fold to Rs 880 cr

Indian automakers reported a decline in shipments to dealers for the first time in more than two years during the July-September quarter, to help manage the excess inventory

NMDC Steel Q2 results: Loss widens to Rs 595 cr, income at Rs 1,535.46 cr

NMDC Steel on Tuesday said its loss had widened to Rs 595.37 crore in September quarter, on account of a surge in expenses. It had posted a loss of Rs 131.10 crore in the year-ago period, the company said in an exchange filing. The company's total income increased to Rs 1,535.46 crore from Rs 290.27 crore a year earlier. However, NMDC Steel's expenses rose to Rs 2,364.39 crore in the second quarter of the ongoing fiscal year from Rs 464.93 crore a year ago. NMDC Steel Ltd, an entity demerged and formed from mining firm NMDC, owns and operates the 3 million-tonne Nagar Steel Plant at Nagarnar in Chhattisgarh. Nagarnar plant is referred to as India's youngest steel unit set up with an investment of about Rs 23,000 crore. NMDC Steel started commercial operations at the unit from August 31, 2023.

Natco Pharma Q2FY25 results: PAT jumps 83% to Rs 676 cr on robust sales

Natco Pharma on Tuesday said its consolidated net profit jumped 83 per cent on-year to Rs 676 crore in the September 2024 quarter, aided by robust sales. The drug maker reported a net profit of Rs 369 crore in the July-September period of last fiscal. Revenue from operations rose to Rs 1,371 crore as compared with Rs 1,031 crore in the year-ago period, the company said in a regulatory filing. "The company has shown continued strong growth during the second quarter driven by exports formulation business and stable domestic pharmaceutical business," it stated. The company said its board has declared a second interim dividend of Rs 1.5 per equity share of Rs 2 each for financial year 2024-25. Shares of the drug firm ended 0.19 per cent down at Rs 1,393.15 apiece on the BSE.

Jai Balaji Ind Q2 result: PAT falls 24% to Rs 153 cr, proposes stock split

Post-tax profit of Jai Balaji Industries, manufacturer of ductile iron (DI) pipes, TMT bars, ferro alloys and sponge iron, declined 24.01 per cent at Rs 153.16 crore during the second quarter ending September 2024, as against Rs 201.55 crore in the similar quarter the previous fiscal. The company's board also proposed a stock split of its equity shares of face value of Rs 10 each paid up into five equity shares of face value of Rs two each. Chairman and managing director of Jai Balaji Aditya Jajodia told reporters on Tuesday that the decline in net profit during the quarter had been due to a provision for deferred tax of an amount of Rs 60 crore. Revenue from operations of the company, which has plants at Durgapur in West Bengal and Durg in Chattisgarh, during the second quarter of 2024-25 remained flat at Rs 1556.57 crore as against Rs 1546.63 crore in the similar previous period. He said the board has decided to go for stock split to increase liquidity of the company's shares in

MedPlus Health Q2: Net profit more than doubles to Rs 38.74 crore

The company reported consolidated net profit of Rs 38.74 crore ($4.6 million) for the quarter ended Sept. 30, compared to Rs 14.56 crore a year ago

Dee Development Engineers Q2 results: Net profit jumps 125% to Rs 22.26 cr

Piping solutions provider Dee Development Engineers Ltd reported a 125 per cent rise in consolidated profit to Rs 22.26 crore in the September quarter. The company had posted a consolidated profit of Rs 9.88 crore in the year-ago period, the company has said in a filing to the BSE. The consolidated income of the company during the July-September period rose to Rs 210 crore over Rs 186.16 crore in the year-ago period. "We are currently setting up the New Anjar Facility II, which will scale our production capacity... This facility will be commissioned by the end of Q3 FY25 and will play a pivotal role in reducing logistics costs, enhancing production efficiency, and lowering manpower cost," DEE Development Engineers Ltd Chairman Krishan Lalit Bansal said.

Minda Corporation Q2FY25 results: Net profit rises 25.42% to Rs 74 cr

Auto parts maker Minda Corporation on Tuesday reported a 25.42 per cent on-year jump in consolidated Profit After Tax at Rs 74 crore in the second quarter ended September 30, 2024 driven by an expanding customer base and product premiumisation. The company had posted a Profit After Tax (PAT) of Rs 59 crore in the July-September period of FY24, Minda Corporation said in a statement. Consolidated revenue for the quarter under review stood at Rs 1,290 crore, from Rs 1,196 crore in the September quarter of the previous fiscal year, a growth of 7.9 per cent year-on-year, the company said. The company said it achieved its highest-ever quarterly EBITDA (earnings before income, taxes, depreciation and amortisation) at Rs 147 crore with an 11.4 per cent margin, reflecting a 38 basis points year-on-year increase. "We sustained strong growth momentum in Q2 FY2025, highlighting the resilience of our business model and the impact of our strategic initiatives. This growth has enabled us to expan

Orient Technologies Q2FY25 results: Net profit rises 62.5% to Rs 15 cr

Cloud and data management solutions provider Orient Technologies has reported a 62.52 per cent year-on-year increase in net profit to Rs 15.05 crore for the September quarter of the ongoing fiscal year. It had reported a net profit of Rs 9.26 crore in the year-ago period, it said in a regulatory filing. Revenue from operations for the quarter under review came in at Rs 223.14 crore, 49.35 per cent higher than Rs 149.40 crore a year earlier. Seen sequentially, profit and revenue rose 62.17 per cent and 49.91 per cent, respectively. "As we move into Q3, we have a robust pipeline in place, filled with high-potential opportunities that we are excited to bring to fruition. With a stable market environment, Orient is well-positioned to accelerate its momentum and pursue ambitious growth objectives," Orient Technologies Chairman and Managing Director Ajay Sawant said. The Mumbai-headquartered firm's employee count was 1,517 as of September 30 this year. Shares of Orient Technologies wer

BASF India Q2FY25 results: PAT falls 14% to Rs 128 cr on higher input costs

Net profit fell to Rs 128 crore ($15.2 million) for the three months ended Sept. 30, from Rs 149 crore a year earlier