Page 40 - Q2 Results

Rocketing raw material costs hit India Inc margins in September quarter

Firms resort to other expenditure cuts to offset pressure on operating profit margins

Punjab National Bank quarterly profit jumps 78% to Rs 1,105 crore

State-owned Punjab National Bank (PNB) on Wednesday reported a 78 per cent increase in net profit at Rs 1,105 crore for the second quarter ended September 30

Shriram City Union Finance Q2 net profit up 10% at Rs 302 crore

Shriram City Union Finance on Wednesday reported a 9.8 per cent increase in its consolidated net profit to Rs 302 crore in the second quarter ended September

Reliance General Insurance Q2 net profit rises 18% to Rs 73 crore

Reliance General Insurance Company Ltd (RGI) on Wednesday reported an 18 per cent rise in net profit at Rs 73.34 crore for the quarter ended September 2021. The insurer had posted a net profit of Rs 62.19 crore in the same quarter a year ago. However, the profit was down sequentially from Rs 75.78 crore in the June 2021 quarter. Total income of the company rose to Rs 199.70 crore during July-September period of FY22, as against Rs 193.22 crore in the year-ago quarter, RGI said in a regulatory filing. Final dividend of Rs 0.04 per equity share for FY21 has been accounted for during the September 2021 quarter, it added. The company further said its board of directors during its meeting on Wednesday noted the resignation, dated September 14, 2021, of Mohan Khandekar as the company secretary and chief compliance officer. He will be serving his notice period, it added.

Welspun India Q2 consolidated net profit up 7.2% at Rs 201.50 crore

Home textiles major Welspun India Ltd on Wednesday reported a 7.23 per cent rise in its consolidated net profit to Rs 201.50 crore for the second quarter ended September 30

Poonawalla Fincorp consolidated net profit up 151% in Sept quarter

Its total income on consolidated basis fell to Rs 512.57 crore in Q2FY22 from Rs 602.64 crore in Q2FY21

ITC Q2 consolidated net profit rises 10.09% to Rs 3,763.73 crore

ITC Ltd on Wednesday reported a 10.09 per cent increase in its consolidated net profit to Rs 3,763.73 crore for the second quarter ended in September 2021

JK Paper Q2 net profit jumps over three-fold to Rs 118 crore

JK Paper Ltd on Wednesday reported an over three-fold jump in consolidated net profit at Rs 118.38 crore for the second quarter ended September 2021 on back of higher volumes and better realisation

Poonawalla Fincorp's net profit jumps 153% to Rs 96 cr in Sept quarter

Poonawalla Fincorp on Wednesday reported a 153 per cent jump in its consolidated net profit to Rs 96 crore in the quarter ended September 2021.

Tata Chemicals' Q2 net profit jumps 88% on rebound in soda ash volumes

Tata Chemicals Ltd posted an 88 per cent jump in its consolidated net profit to Rs 248 crore in second quarter of the FY2021-22, mainly due to a rebound in soda ash volumes in the US and India.

SBI Life second quarter net profit declines 18% to Rs 247 crore

Shares of SBI Life on Wednesday closed at Rs 1,183.95 apiece on the BSE, up 1.05 per cent from the previous close

IndusInd Bank second quarter net profit jumps 73% to Rs 1,147 crore

Bank's provisions for bad loans and contingencies fell to Rs 1,703.36 crore for the quarter from Rs 1,964.44 crore reserved for the year-ago period

United Spirits second quarter profit jumps two-fold to Rs 286 crore

During the quarter, USL's off-trade gained momentum as the second wave of the pandemic started receding, while on-trade continues to gradually recover with the easing of restrictions

Larsen & Toubro second quarter profit declines 67% to Rs 1,819 crore

Larsen & Toubro (L&T) on Wednesday reported 67 per cent drop in consolidated net profit at Rs 1,819.45 crore for the quarter ended September 30, 2021. The company had posted a net profit of Rs 5,520.27 crore in the year-ago period, L&T said in a filing to BSE. However, the total income during July-September increased to Rs 35,305.04 crore over Rs 31,593.77 crore in the year-ago period, the filing said. "The consolidated net profit after tax (including exceptional items and discontinued operations) for the quarter at Rs 1,819 crore includes Rs 144 crore gain on divestment of stake in hydel power plant in Uttarakhand (a part of the Development Projects Segment) and tax expense of Rs 47 crore arising on transfer of the NxT Digital Business from the Parent to Mindtree Ltd," it said.

Adani Ports second quarter net profit falls 30.5% to Rs 968.34 crore

The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,393.69 crore in the same period a year earlier

IIFL Finance reports 37% rise in second quarter profit at Rs 291.6 cr

The non-banking finance company said it has made an aggressive bet on growth, with an almost 15 per cent net increase in manpower strength in the last quarter

Indian Overseas Bank second quarter profit jumps to Rs 376 cr

Gross NPAs stood at 10.66 per cent (Rs 15,666 crore), down from 13.04 per cent (Rs 17,660 crore)

Sensex slips 207pts on late sell-off; Axis Bank sheds 6%, Bajaj Finance 5%

Stock market LIVE: Broader indices also trimmed gains at close; PSU banking shares were in demand, while private banking shares witnessed selling pressure

Maruti Suzuki Q2 profit falls 65% YoY to Rs 475 cr amid high inputs costs

Ebitda margin, too, shrank 610 basis points to 4.2 per cent from 10.3 per cent YoY

Textile maker Arvind posts Rs 71 crore net profit for September quarter

Leading textile manufacturer Arvind Ltd on Wednesday reported a consolidated net profit of Rs 71.06 crore for the second quarter ended September 2021, helped by volume growth across segments. The company had posted a net loss of Rs 5.86 crore during the corresponding quarter of the previous financial year, Arvind said in a regulatory filing. Its revenue from operations during July-September 2021 stood at Rs 2,115.14 crore, a jump of 62.05 per cent as against Rs 1,305.17 crore in the year-ago period. Arvind's total expenses were at Rs 2,016.71 crore, an increase of 53.19 per cent as against Rs 1,316.40 crore a year ago. "Volumes grew across all segments as post-COVID-19 demand stayed strong in both export and domestic markets. Input costs continued to increase sharply but were mostly offset by improved price realisation and higher efficiencies," said Arvind Ltd in a post-earnings statement. Its revenue from textiles was up 70.69 per cent to Rs 1,726.49 crore as against Rs 1,011.43