Page 13 - Q2 Results

Adani Enterprises nears record high after strong Q2FY23; stock surges 5%

In the past one week, Adani Enterprises outperformed the market as shares surged 13 per cent, as against 1.3 per cent rise in the S&P BSE Sensex

Bank of Baroda Q2 results preview: Here's what key brokerages expect

Bank of Baroda Q2 preview: Treasury income is projected just at Rs 100 crore, down 92 per cent YoY from Rs 1,221 crore.

Amara Raja Batteries soars 10% amid heavy volumes on strong Q2 results

The company's net profit jumped 43 per cent YoY, and it witnessed robust demand in the automotive sector from the aftermarket as well as OEM segments.

Hero MotoCorp shares fall over 2.5% after Q2 earnings announcement

Shares of Hero MotoCorp on Friday fell by over 2.5 per cent after the company reported a 9 per cent decline in its consolidated net profit for the second quarter ended September 30. The stock declined 2.47 per cent to Rs 2,580.55 on the BSE. At the NSE, it dipped 2.54 per cent to Rs 2,579.05. Hero MotoCorp on Thursday reported a 9 per cent decline in its consolidated net profit at Rs 682 crore for the second quarter ended September 30, mainly due to enhanced expenses and a slight dip in sales during the period. The country's largest two-wheeler maker had reported a net profit of Rs 748 crore in the July-September period of the previous fiscal. The revenue from operations rose to Rs 9,158 crore in the September quarter compared to Rs 8,539 crore in the year-ago period, Hero MotoCorp said in a regulatory filing. The company's total expenses during the September quarter rose 9 per cent to Rs 8,292 crore from Rs 7,641 crore a year ago. The two-wheeler major said it has sold 14.28 la

SBI Q2 PAT may rise up to 98% QoQ, asset quality could improve: Analysts

SBI Q2 preview: SBI's NII is expected to grow less than 10 per cent both, yearly and sequentially, and may come in the range of Rs 32,681 crore to Rs 33.537.6 crore

HPCL slips 4%, nears 52-week low on net loss in September quarter

The state-owned oil marketing company reported the second straight quarterly loss despite revenue rising 30 per cent to Rs 1.13 trillion.

HDFC retail loan demand at 8-year high, standalone net profit rises 18%

Shifted from quarterly reset for individual loans to monthly one

Adani Enterprises Q2 net more than doubles; revenue rises threefold

In Q2, integrated resource management, saw revenue growing over three times to Rs 30,435 crore YoY

Vodafone Idea Q2 loss widens to Rs 7,595 crore on higher expenses

Gross revenue in the second quarter of FY23 increased by 12.8 per cent YoY to Rs 10,614 crore

Raymond Q2 consolidated net profit jumps over two-fold to Rs 162 crore

Diversified group Raymond Ltd on Thursday reported over a two-fold jump in its consolidated net profit to Rs 161.95 crore for the second quarter ended September 30 on improved growth across its business segments. The company had posted a net profit of Rs 56.15 crore during the July-September quarter of the previous fiscal, Raymond said in a regulatory filing. Its revenue from operations rose 39.76 per cent to Rs 2,168.24 crore from Rs 1,551.32 crore in the corresponding quarter previous fiscal. "Raymond continues to deliver high operating performance along with profitable growth for the 4th consecutive quarter, leveraging optimism in the market and improved consumer demand. "Focused approach has driven growth over pre-Covid levels and cost consciousness has led to deliver yet another record profitable quarter," said an earning statement by the company. Raymond's total expenses surged 31.27 per cent to Rs 1,954.18 crore in the second quarter of FY23 against Rs 1,488.64 crore a year

UCO Bank net profit up 145% at Rs 504 cr in July-September quarter

Net NPA reduced to Rs 2,700.29 crore in Q2FY23 from Rs 3,854.33 crore as on Q2FY22 and from Rs 3,103.82 crore as on Q1FY23

Hindustan Petroleum posts consolidated net loss of Rs 2,172 crore in Q2

The company blamed depressed marketing margins on motor fuels and LPG as the main reason for its profitability being impacted over the latest quarter

Indian Bank Q2 net profit up 12% to Rs 1,225 crore in July-Sept quarter

Public sector major Indian Bank has posted a 12 per cent rise in net profit during the second quarter of the financial year to Rs 1,225 crore,

Mahindra Lifespaces Developers logs net loss of Rs 8 crore in Q2

The company has also set a target of achieving annual residential sales of Rs 2500 crore and annual leasing of Rs 500 cr

Sanofi India posts Rs 131 cr profit in Sept quarter, revenue at Rs 692 cr

Drug firm Sanofi India on Thursday reported a net profit of Rs 131 crore for the third quarter ended September 2022. The company had posted a net profit of Rs 530 crore in the July-September quarter of last year, the company said in a regulatory filing. The drug firm follows a January-December financial year. Revenue from operations stood at Rs 692 crore in the period under review. The same stood at Rs 754 crore in the corresponding period previous year. The company said the results of the September quarter were not comparable with the same quarter last year as it had transferred its nutraceuticals business to Universal Nutriscience, enabling a gain of Rs 489 crore.

Gains in UPL hinge on reduction of debt, improved cash flow generation

Higher demand to keep revenue growth strong in the second half of FY23

Q2 results: Hero MotoCorp net profit falls 9% YoY to Rs 682 crore

Hero MotoCorp's consolidated net profit fell by 8.63 per cent YoY to Rs 682.28 crore in the second quarter of FY23 amid weakening rural demand

Bank of India Q2 net income falls 10% to Rs 960 cr on higher provisioning

State-owned Bank of India on Thursday reported a nearly 10 per cent decline in net income to Rs 960 crore for the September 2022 quarter on higher provisioning, which more than doubled to Rs 1,912 crore. The bank had made a provision of only Rs 894 crore in the year-ago period, which negated other improvements in the key numbers, such as net interest income rising from Rs 9,523 crore to Rs 11,497 crore and lower taxations at Rs 502 crore in the reporting quarter against Rs 733 crore. Another reason for the fall in the bottom-line is the higher interest outgo, which rose from Rs 6,000 crore to Rs 6,414 crore. The bank has registered a sharp uptick in net interest income to Rs 5,083 crore in the reporting quarter from Rs 3,523 crore in the year-ago period. The NII jumped sharply as the bank booked higher margins from loans as it had passed on the repo rate hike to borrowers. Accordingly, it booked a NIM of 3.04 per cent, up 64 bps from 2.42 per cent in the year-ago period and from Rs

Amara Raja Q2 profit after tax rises 39.42% to Rs 201 cr, driven by sales

Amara Raja Batteries Ltd on Thursday reported a 39.42 per cent rise in consolidated profit after tax to Rs 201.22 crore in the second quarter ended September 30, driven by higher sales. The company had posted a consolidated profit after tax of Rs 144.32 crore in the same period last fiscal, Amara Raja Batteries said in a regulatory filing. The consolidated revenue from operations stood at Rs 2,700.47 crore against Rs 2,264.15 crore in the year-ago period. Its total expenses were higher at Rs 2,449.11 crore compared to Rs 2,097.17 crore a year ago, the filing said. The Board of Directors at its meeting held on Thursday also approved an interim dividend of Rs 2.90 per equity share of the face value of Re 1 each, it added.

Adani Enterprises Q2 net more than doubles to Rs 4.61 bn, revenue triples

Adani Enterprises, which entered the Nifty 50 stock index at the end of September, acts as an incubator for new businesses launched by the Adani Group