Page 14 - Q2 Results

Vodafone Idea Q2 loss widens on higher expenses, subscriber loss

ARPU of larger rivals Reliance Jio and Bharti Airtel was at 177.2 rupees and 190 rupees in the quarter, respectively

Hero MotoCorp reports bigger-than-expected fall in Q2 net as expenses rise

Analysts, on average, had expected a profit of Rs 7.41 billion, according to Refinitiv IBES data

BOI Q2 net down 8.65% YoY on rise in provisions for standard assets

Earnings, asset quality profile improve for public sector lender

HPCL reports back-to-back quarterly losses; posts Rs 2,172 cr loss in Q2

Hindustan Petroleum Corporation Ltd (HPCL) on Thursday reported Rs 2,172.14 net loss in July-September after losses arising from freezing petrol and diesel prices couldn't be made up by accounting for a one-time government grant that came after the quarter had ended. Standalone net loss of Rs 2,172.14 crore in the second quarter of the current fiscal year compares to Rs 1,923.51 crore profit in the same period last year, according to the company's filing to the stock exchanges. This is the first time that the company posted a back-to-back quarterly loss. HPCL posted a record of Rs 10,196.94 crore in the April-June quarter. Just like HPCL, Indian Oil Corporation (IOC) - the nation's largest oil firm - too had posted a second straight quarterly loss as state-owned firms sold petrol, diesel and cooking gas (LPG) at rates below cost to help the government contain inflation. The loss in the second quarter of the current fiscal was despite accounting for a one-time grant that the governm

Indian Bank Q2 net up 13% to Rs 1,225 cr as provisions for bad loans fall

Indian Bank on Thursday reported 13 per cent rise in net profit at Rs 1,225 crore for September quarter 2022-23 as provisions for bad loans fell. The bank had posted a net profit of Rs 1,089 crore for the year-ago period. Total income in the quarter increased to Rs 12,538 crore from Rs 11,440.42 crore in the same period a year ago, Indian Bank said in a regulatory filing. Net interest income during the quarter was higher 15 per cent at Rs 4,684 crore. Fee income grew 18 per cent to Rs 723 crore. Asset quality of the bank improved as gross non-performing assets (NPAs) fell to 7.30 per cent of gross advances (equivalent to Rs 31,959 crore) as of September 30, 2022 from 9.56 per cent (Rs 36,886 crore) by the end of same period a year ago. Similarly, net NPAs or bad loans came down to 1.50 per cent (Rs 6,174 crore) from 3.26 per cent (Rs 11,749 crore). However, total provisions for bad loans and contingencies were kept higher at Rs 2,404 crore for the quarter, up 10 per cent from Rs

Sensex recoups 350pts from day's low, ends flat; Nifty holds 18K; SBI up 2%

CLOSING BELL: IT, Power stocks logged significant losses, even as select financial stocks gained.

UCO Bank Q2 net rises 145% to Rs 504 crore, gross NPA declines to 6.58%

Post-tax profit of public sector UCO Bank increased 145 per cent at Rs 504.52 crore during the second quarter of the current fiscal against Rs 205.4 crore in the similar previous similar period. The Kolkata-based lender said in a regulatory filing that the operating profit of the bank during the quarter decreased to Rs 1,190 crore as compared to Rs 1,334.2 crore in the previous similar period. Domestic revenues of the bank during the second quarter stood at Rs 4,794.76 crore while international revenues stood at Rs 170.08 crore. The capital adequacy ratio of the bank at the end of the second quarter stood at 14.02 per cent, registering a marginal decline from 14.31 per cent in the corresponding previous period. The Gross NPA of the lender declined to 6.58 per cent at the end of the second quarter from 8.98 per cent, while the net NPA stood at 1.99 per cent from 3.37 per cent in the previous similar period. UCO bank restructured MSME accounts 25,255 with an outstanding amount of Rs

Adani Total Gas reports marginal rise in Q2 profit to Rs 1.60 billion

Adani Total Gas said revenue rose due to increased volumes and higher prices, as it passed on some of the rise in input costs to customers

HDFC Ltd Q2 profit rises 24% to Rs 7,043 crore, total income jumps

Mortgage lender HDFC Ltd on Thursday said its consolidated net profit increased by 24 per cent to Rs 7,043 crore in the September 2022 quarter. It had reported a Rs 5,670 crore net profit in the year-ago period, HDFC said in a regulatory filing. Its total income on a consolidated basis rose to Rs 43,927 crore in the said quarter from Rs 38,603 crore a year ago. On a standalone basis, its net profit increased by 18 per cent to Rs 4,454 crore from Rs 3,780 crore a year back. The total income (standalone) rose to Rs 15,036 crore from Rs 12,226 crore in the same quarter last year. The net interest income (NII) for the second quarter stood at Rs 4,639 crore compared to Rs 4,110 crore in the previous year, representing a growth of 13 per cent. Net interest margin stood at 3.4 per cent at the end of the September quarter.

SBI gains 2% to hit a new high ahead of Q2FY23 results

The stock of state-owned lender surpassed its previous high of Rs 586.1, which it had touched on October 25, 2022

Adani Wilmar's profit falls 73% on the back of cost rise, soft rural demand

India's Adani Wilmar reported a 73% slump in second-quarter profit on Thursday, as the Fortune cooking oil maker reeled under dull demand from rural areas

SIS Q2 net profit dips marginally to Rs 67 cr, revenue jumps 14%

SIS Ltd has posted a marginal decline of 1.46 per cent in net profit at Rs 67.4 crore for the second quarter ended September 30. The net profit of the company in the July-September quarter of the preceding fiscal stood at Rs 68.4 crore. Its revenue for the quarter increased by 14 per cent to Rs 2,767.7 crore, from Rs 2,430.9 crore a year ago, the firm engaged in security, facility management and cash logistics solutions said in a statement on Thursday. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) or operating profit declined by 11 per cent to Rs 109.8 crore as of September 30 this fiscal, from Rs 123.1 crore in the same period a year ago. The cash logistics segment continues its strong revenue growth with a revenue growth of 4.2 per cent over previous quarter and 41.5 per cent over Q2 FY22, driven by new wins in door-step banking and cash processing outsourcing business, it said. The EBITDA margins also continue to improve and is a testament to the high

M&M Financial Services surges 9% on healthy business growth in Q2FY23

In October 2022, Mahindra Finance estimates the total disbursement of approximately Rs 5,250 crore, thus delivering 97 per cent growth over October 2021.

Relaxo Footwears tanks 7%, hits 52-week low on weak Q2 performance

In Q2, EBITDA margins declined to 8.9 per cent, down 445 bps YoY and 400 bps on QoQ, due to higher raw material cost.

Varun Beverages soars 12% in 3 days, nears record high on strong Q3 results

Going ahead, VBL expects double-digit volume growth to continue, led by 5-10 per cent annual outlet expansion and growth in revenue per outlet

Stocks to Watch: Wipro, Dalmia Bharat, JK Cement, HDFC, Rail Vikas Nigam

Stocks to Watch today: Wipro has launched a new financial services consulting capability in India named Capco

KFC and Pizza Hut witnessed double digit system sales growth in India

Both KFC and Pizza Hut's system sales contribution of each of the brands stood at 1 per cent in the quarter

LIC Housing Finance stock comes under pressure on weak Q2 results

Improvement in interest income and margins crucial for investor sentiment to revive

JK Paper Q2 net more than doubles to Rs 327 crore, revenue rises 72%

JK Paper on Wednesday reported more than two-fold increase in consolidated net profit at Rs 326.93 crore in the second quarter of FY23, helped by higher sales volume and enhanced sales realisation. The company had logged a net profit of Rs 118.38 crore in the July-September period a year ago, JK Paper said in a regulatory filing. Its revenue from operations went up 72.34 per cent to Rs 1,722.63 crore. It stood at Rs 999.51 crore in the corresponding quarter last year. JK Paper's total expenses were at Rs 1,207.40 crore, up 49.6 per cent in the September quarter. Vice Chairman & Managing Director H P Singhania said: "The company was able to deliver an improved performance on a quarter-to-quarter and YoY basis due to growth in volume driven by the ramp-up of new packaging board capacity coupled with overall better realisation despite the adverse impact of higher input costs." The finance cost was also lower on account of effective working capital management and reduction in interest

Manali Petrochemicals reports Q2 standalone net profit at Rs 11.71 crore

Petrochemical manufacturing firm Manali Petrochemicals Ltd reported a standalone profit after tax (PAT) at Rs 11.71 crore for the second quarter ending September 30, 2022, the company said on Wednesday. The city-based company which is a part of the AM International, Singapore, had reported standalone PAT at Rs 119.62 crore during the corresponding quarter in the previous year. The standalone revenue during the quarter under review stood at Rs 267.22 crore, as against Rs 407.80 crore registered during the same period last financial year. "With the downtrends continuing on global cues, sales and profitability continued to be under pressure during the above period," the company said in a statement here. Manali Petrochemicals Ltd MD Ravi said the downtrend in the economy impelled by global events continue to affect the performance, which is being experienced since the last quarter of the previous year. Though sales volume could be maintained, product prices had been falling on the one