Page 25 - Q2 Results

Avenue Supermarts slips 3% to hit 8-week low after margin squeeze in Q2

The management said that the inflationary stress is more acute at lower price points in discretionary non-FMCG categories.

Nifty PSU Bank index surges 2%; Canara Bank, Bank of Baroda gain over 3%

Operational performance is expected to remain positive across lenders, given steadier yields. Thus, robust recovery in earnings is expected in PSU banks, ICICI Securities said

HDFC Bank can rally 10% if it conquers Rs 1,550-hurdle, chart indicates

The trend seems buoyant on the weekly chart with the 200-WMA, placed at Rs 1,285-level, acting as a major support for the stock.

Bajaj Auto gains 2% in a weak mkt after net profit climbs 20% YoY in Q2FY23

The management expects Q3 to be better than Q2 with supply chain visibility being much better

Earnings, global trends to guide stock markets this week: Analysts

Stock markets will be guided by the ongoing quarterly earnings season and global factors, analysts said, adding that foreign fund movement would also play a crucial role in dictating the terms. Besides, movement of the rupee and trend in international oil benchmark Brent crude will also influence trading, they added. "Market will look for direction from Q2 earnings and global cues. This week many financial and cement companies will come out with their Q2 results. Global markets are quite volatile, which may lead to volatility in our market as well," said Santosh Meena, Head of Research, Swastika Investmart Ltd. In terms of global factors, macro numbers from the United States and China will be important, Meena said. Movement of the US bond yields, dollar index and crude oil will be other global factors to watch out for, Meena added. It will be important to see institutional flows from here on. "Earnings and global cues will dictate the trend this week. First, participants will reac

HDFC Bank's net profit rises 20% YoY to Rs 10,605 cr in Q2, NII jumps 19%

For the quarter under review, HDFC Bank's net interest income, which is the difference between interest earned and interest expended, grew 18.9 per cent on-year to Rs 21,021.2 crore

Reliance Industries Infrastructure records 11.4% drop in Q2 net profit

Reliance Industrial Infrastructure Ltd (RIIL) on Saturday reported an 11.4 per cent drop in the second quarter net profit on flattish revenue. Net profit of Rs 2.26 crore in July-September was 11.4 per cent lower than Rs 2.55 crore net profit in the same period last year, the company said in a statement. The profit was however 61 per cent higher than Rs 1.40 crore net profit in the preceding April-June quarter. Revenue was almost unchanged at Rs 21.2 crore. "The company continues to provide infrastructure support services namely transportation of petroleum products and raw water through pipelines, construction machinery on hire, and other support services to Reliance Industries Group, with a substantial portion provided to Reliance Industries Limited," it said. "The company presently does not have any expansion plans on the anvil.

L&T Infotech Q2 net profit jumps 23% to Rs 680 cr, revenue up by 28.39%

IT company Larsen and Toubro Infotech on Saturday posted an about 23 per cent increase in its consolidated net profit at Rs 679.8 crore for the quarter ended September 2022. The company had registered a net profit of Rs 551.7 crore in the same period a year ago. The consolidated revenue from operations of Larsen and Toubro Infotech (LTI) grew by 28.39 per cent to Rs 4,836.7 crore during the reported quarter from Rs 3,767 crore in the year-ago period. "We remain excited about the proactive conversations we are having with our customers and see increased traction in the cloud and analytics space. "The strength of our pipeline and our sustained net headcount addition will continue to fuel our growth," LTI President - Sales and Executive Board Member, Sudhir Chaturvedi said in a statement. The company is in the process of amalgamating Mindtree with itself, which was approved by its shareholders and unsecured creditors on August 10. LTI in its filing shared that the National Company L

D-Mart's Q2 net profit up 64.13% to Rs 685.71 crore; sales up 36.6%

D-Mart retail chain owner Avenue Supermarts on Saturday reported a 64.13 per cent rise in its consolidated net profit at Rs 685.71 crore in the July-September quarter of FY23 as the average basket values continue to be elevated. The company had posted a net profit of Rs 417.76 crore in the corresponding quarter a year ago, said Avenue Supermarts in a BSE filing. Its revenue from operations was up 36.58 per cent at Rs 10,638.33 crore during the quarter under review as against Rs 7,788.94 crore in the corresponding quarter last fiscal. Avenue Supermarts' total expenses stood at Rs 9,925.95 crore, up 36.93 per cent in Q2/FY23, as against Rs 7,248.74 crore of the corresponding quarter. Avenue Supermarts CEO & Managing Director Neville Noronha said during the quarter FMCG and staples segment of the business has performed better than the general merchandise and apparel segments. However, "discretionary items in the non-FMCG segment while recovering have still not come back to ...

D-Mart's net profit jumps 64% to Rs 686 crore; sales up 37% in Q2

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported an increase of 64.13 per cent in its consolidated net profit at Rs 685.71 crore for the July-September quarter for FY23. The company had posted a net profit of Rs 417.76 crore in the corresponding quarter a year ago, said Avenue Supermarts in a BSE filing. Its revenue from operations rose 36.58 per cent to Rs 10,638.33 crore during the quarter under review as against Rs 7,788.94 crore in the same quarter last fiscal. Avenue Supermarts' total expenses stood at Rs 9,925.95 crore, up 36.93 per cent in Q2/FY23, as against Rs 7,248.74 crore in the year-ago quarter.

HDFC Bank reports 22.3% jump in Q2 consolidated net at Rs 11,125 crore

HDFC Bank on Saturday reported a 22.30 per cent jump in its consolidated net profit for the September quarter at Rs 11,125.21 crore. The city-headquartered lender had reported a consolidated net profit of Rs 9,096.19 crore in the year-ago period. On a standalone basis, the largest private sector bank's net profit rose by over 20 per cent to Rs 10,605.78 crore as against Rs 8,834.31 crore in the year-ago period and Rs 9,196 crore in the preceding June quarter. For the reporting quarter, its total income rose to Rs 46,182 crore from Rs 38,754 crore in the year-ago period, while the expenditure, excluding provisions and contingencies, climbed to Rs 28,790 crore from Rs 22,947 crore, the bank said. The overall share of gross non-performing assets improved to 1.23 per cent of the book as against 1.35 per cent in the year-ago period and 1.28 per cent three months ago.

FY23 will likely be double digit on revenue...and profitable: Mindtree MD

In a Q&A, Debashis Chatterjee, who is also the firm's CEO, talks about the demand environment, merger with LTI and moonlighting

Bajaj Auto shifts gear, logs 20% rise in profits; revenue jumps 16%

Consolidated net profit declines 15%

Strong Q2 earnings, Rs 9,300-crore share buyback propel Infosys stock

Market players said buyback will support the stock price in the interim

Infosys shares jump 4% on strong quarterly earnings, net profit up 11%

Shares of Infosys climbed 4 per cent on Friday after the company posted better-than-expected 11 per cent rise in consolidated net profit for the September quarter and announced buyback of shares. Shares of the company went higher by 3.82 per cent to settle at Rs 1,474.05 on the BSE. During the day, it jumped 5.22 per cent to Rs 1,494. On the NSE, it climbed 4.02 per cent to end at Rs 1,477. It was the biggest gainer among the Sensex and Nifty components. The company's market valuation jumped Rs 22,878.82 crore to Rs 6,20,254.82 crore. In traded volume terms, 5.20 lakh shares of the company were traded on the BSE and over 1.49 crore shares on the NSE during the day. Other IT stocks like HCL Technologies and Tech Mahindra also ended higher. The 30-share BSE index jumped 684.64 points or 1.20 per cent to at 57,919.97 points. On Thursday, Infosys reported an 11 per cent rise in consolidated net profit at Rs 6,021 crore for the September quarter and announced buyback of shares worth

Shree Cement Q2 net profit falls 67.5% amid high power and fuel cost

Shree Cement Ltd on Friday reported a 67.5 per cent decline in consolidated net profit to Rs 183.24 crore in the second quarter ended September 2022, impacted by higher power and fuel cost. The company, which had posted a consolidated net profit of Rs 563.94 crore in the same quarter last fiscal, also said its long-serving Chairman Benu Gopal Bangur has stepped down from the post due to his "advanced age" and will now become Chairman Emeritus. Gross revenue from operations stood at Rs 5,081.75 crore against Rs 4,219.8 crore in the year-ago period, Shree Cement said in a regulatory filing. Total expenses were higher at Rs 3,956.9 crore compared to Rs 2,798.3 crore with power and fuel cost at Rs 1,377.79 crore, up from Rs 726.75 crore a year ago, the company said. In a separate filing, Shree Cement said its board has accepted the resignation of its long-serving Chairman Benu Gopal Bangur due to his "advanced age" and will now become Chairman Emeritus with effect from October 15, ...

Bajaj Auto Q2 results: Net profit falls 16% to Rs 1,719 cr as exports slip

Bajaj Auto on Friday reported a 16 per cent decline in its consolidated net profit to Rs 1,719 crore for the September quarter, hit by a 25 per cent dip in overseas shipments. The Pune-based company had posted a consolidated net profit of Rs 2,040 crore in the July-September quarter of the previous fiscal. Total revenue from operations, however, rose to Rs 10,203 crore in the September quarter against Rs 8,762 crore in the year-ago period, Bajaj Auto said in a regulatory filing. On a standalone basis, the company posted a net profit of Rs 1,530 crore in the second quarter compared to Rs 1,275 crore in the corresponding period of the last fiscal. The company said its total sales during the second quarter rose 1 per cent to 11,51,012 units from 11,44,407 units in the same period last fiscal. The domestic sales of two and three-wheelers stood at 6,94,375 units in the September quarter, up 30 per cent from 5,32,216 units a year ago. Exports fell 25 per cent to 4,56,637 units in the s

Federal Bank posts highest-ever quarterly profit; up 53% over last year

NII up 19.1% to Rs 1,762 crore, other income rises 24% to Rs 610 crore

Sensex jumps 685pts, Nifty ends near 17,200; Infosys, HDFC, HDFC Bank shine

CLOSING BELL: A sharp pull-back in the US overnight triggered the relief rally in our markets on Friday. Benchmark indices however pared gains in the latter half of the trading day.

HDFC Bank Q2: Net profit could rise up to 21% YoY, NIM may expand

HDFC Bank Q2 preview: Given higher advances growth, and rise in lending rates, analysts believe margins are likely to be up around 10-15 basis points quarter on quarter