Page 11 - Q2 Results

India Cements Q2 net loss at Rs 113 cr, revenue up 7.46 pc to Rs 1,327 cr

India Cements Ltd on Monday reported a consolidated net loss of Rs 113.26 crore for the second quarter ended September 2022. The company had posted a net profit of Rs 29.75 crore during the July-September quarter of the previous fiscal, India Cements said in a regulatory filing. Its revenue from operations was up 7.46 per cent to Rs 1,327.06 crore in the second quarter of this fiscal. The same stood at Rs 1,234.85 crore a year ago. The company's total expenses were at Rs 1,528.01 crore, up 27.16 per cent in the September quarter of FY23, as against Rs 1,201.61 crore a year ago. Shares of India Cements were trading at Rs 248.50 on BSE, up 1.02 per cent from the previous close.

Marico slips 7% after profit drops 3% YoY to Rs 307 crore in Q2FY23

The personal products maker said that the decline in profit was mainly due to losses in translation of foreign currency receivables and higher effective tax rate (ETR)

Q2 Impact: SBI, BoB may see another 25% upside, UCO Bank 50%, hint charts

SBI hit life-time high, while Bank of Baroda registered a new 52-week high in trades on Monday after the banks reported strong Q2 earnings over the weekend. Here's what the charts indicate ahead.

State Bank of India's stock hits record high on 'best-in-class' results

Shares of State Bank of India (SBI) climbed nearly 5% to an all-time high on Monday after the country's largest lender reported a record quarterly profit

Britannia Industries' shares jump nearly 10% after Q2 profit beat

Shares of India's Britannia Industries Ltd rose as much as 10% on Monday, after the Good Day and Tiger biscuits maker reported late Friday a 28.4% jump in second-quarter consolidated net profit

Adani Enterprises storms into top-10 most-valued firms club; stock soars 3%

At 10:06 am, with a market-cap of Rs 4.52 trillion, Adani Enterprises stood at 9th position in the overall market-cap ranking, the BSE data showed.

Britannia zooms 10% on robust Q2 revenue growth; enters Rs 1 trn m-cap club

In Q2FY23, Britannia's consolidated sales grew 22 per cent YoY and 19 per cent QoQ at Rs 4,338 crore, aided by a mid-single digit volume growth.

SBI soars 5%, hits new high on strong Q2; brokerages retain 'Buy' on stock

SBI with its humongous size has reported consistently upbeat performance with this quarter seeing above par growth in earnings and return ratios, said analysts.

Stocks to watch: SBI, DRL, Britannia, Coal India, Divi's Lab, Paytm, ABFRL

Stocks to watch today: Coal India, Divi's Lab will report the July-September quarter (Q2FY23) results on Monday, November 7; SBI's net profit climbed 73.9 per cent YoY to Rs 13,265 crore in Q2FY23

SoftBank expected to face further weakness in tech stocks at Q2 earnings

SoftBank Group Corp is expected to face further weakness in tech stocks when it reports second-quarter earnings on Friday, after two brutal quarters that have shaken Masayoshi Son's tech conglomerate

IOB Q2 net up 33% to Rs 501 cr, total income rises 15% to Rs 5,852 cr

Gross NPA down 6% during the quarter, net NPA up 11%; ratios improve in both spaces; lender came out of RBI's Prompt Corrective Action (PCA) on September 29, 2021

Triveni Engineering Q2 net up to Rs 1,388 cr, board okays Rs 800-cr buyback

Sugar firm Triveni Engineering & Industries Ltd on Saturday reported a multi-fold jump in its consolidated profit to Rs 1,387.76 crore for the quarter ended September on one-off gains. Its net profit stood at Rs 92.47 crore in the year-ago period. Total income rose to Rs 1,483.33 crore in the second quarter of this fiscal from Rs 1,163.66 crore in the corresponding period of the previous year, according to a regulatory filing. "The company has divested its entire stake of 21.85 per cent in the associate company, Triveni Turbine Ltd, and accordingly exceptional income of Rs 1,401.20 crore has been recognized," the filing said. The company also announced a proposal to buy back up to 2,28,57,142 equity shares from shareholders at a price of Rs 350 per share for an aggregate amount not exceeding Rs 800 crore. Triveni Engineering is one of the largest integrated sugar producers in the country. It also has presence in engineered-to-order high speed gears and gearboxes, besides water ..

SBI's Q2 net rises 74% to Rs 13,265 crore on improved interest margins

The lender's net interest income improved 12.83 per cent YoY to Rs 35,183 crore for Q2FY23, against Rs 31,184 crore last year

DCB Bank Q2 profit jumps 73% to Rs 112 crore on reduction in bad loans

Private sector DCB Bank on Saturday posted a 73 per cent jump in net profit at Rs 112 crore for the quarter ended September 2022 on the back of reduction in bad loans. The bank had reported a profit of Rs 63 crore in the year-ago period. Total income of the lender during the July-September quarter of FY23 rose to Rs 510 crore against Rs 421 crore in the corresponding period of FY22, DCB Bank said in a statement. Net interest income increased to Rs 411 crore as against Rs 323 crore in the same period of the previous fiscal. The bank's gross non-performing assets (NPAs) declined to 3.89 per cent of the gross advances at the end of September 2022, from 4.73 per cent at September-end 2021. Net NPAs also came down to 1.54 per cent from 2.66 per cent. The Provision Coverage Ratio (PCR) as on September 30, 2022 was at 72.83 per cent. PCR without considering gold loan NPAs stood at 74.21 per cent, it said. Capital adequacy continues to be strong, it added. As on September 30, 2022, the

Power Grid Corporation net profit up over 8% in Q2; declares 50% dividend

State-owned Power Grid Corporation on Saturday posted over eight per cent rise in consolidated net profit at Rs 3,650.16 crore in the September quarter of FY23, mainly on the back of higher revenues. The consolidated net profit of the company was Rs 3,376.38 crore in the quarter ended on September 30, 2021, a BSE filing showed. The total income of the company rose to Rs 11,349.44 crore in the quarter from Rs 10,514.74 crore in the same period a year ago. Board of directors, in its meeting held on Saturday, approved the payment of an interim dividend of Rs 5 per equity share of Rs 10 each (@50 per cent of the paid-up equity share capital) for the financial year 2022-23.

Bank of Baroda's Q2 net jumps 58.7% aided by rise in NII, dip in provisions

Provisions of the lender declined 41 per cent YoY to Rs 1,628 crore in Q2FY23.

Punjab & Sind Bank Q2 profit up 27% to Rs 278 cr on reduction in bad loans

Public sector lender Punjab & Sind Bank on Saturday said its net profit rose 27 per cent to Rs 278 crore in the second quarter of FY23 on the back of reduction in bad loans. The bank had reported a profit of Rs 218 crore in the year-ago period. Total income of the bank during the July-September quarter of FY23 rose to Rs 2,120.17 crore against Rs 1,974.78 crore in the corresponding period of FY22, Punjab & Sind Bank said in a regulatory filing. The bank's gross non-performing assets (NPAs) declined to 9.67 per cent of the gross advances at the end of September 2022 from 14.54 per cent during the same period a year ago. In value terms, the gross NPAs (bad loans) of the Delhi-headquartered bank stood at Rs 7,128.45 crore by the end of Q2FY23, as against Rs 9,822.80 crore in Q2FY22. Net NPAs also came down to 2.24 per cent from 3.81 per cent in the second quarter of previous year. As a result, the bank's provisions for bad loans and contingencies declined to Rs 125 crore for the .

Will the markets consolidate in this holiday-truncated week?

In the week ahead, Indian markets will focus on the last leg of Q2 results and macro-economic data for further cues on direction. Here's a report

Mining & metal companies see reversal of fortune in September quarter

Profits down 91% in Q2, driven by margin contraction because sales realisation did not keep pace with rise in expenses

IndiGo Q2 loss widens by 10% due to rupee depreciation, high fuel prices

The company is confident that it will return to operational profitability in Q3