Page 41 - Q2 Results

TTK Prestige soars 15% on strong Q2 results; board okays 10:1 stock split

TTK Prestige said the rationale behind the stock split is to facilitate larger shareholder base, to increase the liquidity and to make the shares more affordable to investors

IndiGo Q2 preview: Loss to widen YoY on high crude oil prices, say analysts

Analysts expect losses for the industry to narrow sequentially supported by higher scale of operations

Axis Bank dips 4% on profit booking post September quarter results

The bank reported a weak operating performance in the quarter ended September 2021, owing to decline in margin, higher opex and sluggish business growth

Biz sentiment hit two-year high in Q2 as Covid second wave eased off: NCAER

Sentiments improved sequentially in Q2FY22 with regard to production, domestic sales, exports, new orders, imports of raw materials, and pre-tax profits

Torrent Pharma Q2 PAT up just 2% to Rs 316 cr on drop in US sales

Overall revenues up 6% YoY, while those in US dropped by as much as 13%

Cipla posts 7% year-on-year rise in Q2 PAT, riding on 10% revenue growth

Sequentially, however, the company has posted muted growth-revenue growth of 0.3%, and a PAT decline of 0.5%. Ebitda dipped sequentially too, by 9%

Persistent Systems Q2 net profit jumps 58.6% to Rs 161.7 crore

Tech firm Persistent Systems on Tuesday reported a 58.6 per cent rise in consolidated net profit to Rs 161.7 crore for the September 2021 quarter. The company had registered a profit of Rs 101.9 crore in the year-ago period, it said in a statement. Revenue from operations increased 34.1 per cent to Rs 1,351.2 crore during the quarter under review as against Rs 1,007.7 crore a year ago, it added. In dollar terms, the company's revenue grew 34 per cent to USD 182.32 million during the quarter from USD 136.09 million in the same period last fiscal. We are delighted to share that Persistent ended the quarter on a record high note - once again delivering industry-leading performance, including year-over-year revenue growth of 34 per cent and continued margin improvement," Persistent Systems Chief Executive Officer and Executive Director Sandeep Kalra said. During the quarter, the company had announced the acquisition of Software Corporation International and Shree Partners, forming a n

Bajaj Finance Q2 consolidated net profit jumps 53% to Rs 1,481 crore

Interest income grew by 16 per cent to Rs 6,687 crore from Rs 5,763 crore

Canara Bank Q2 net triples to Rs 1,333 cr on surge in non-interest income

NII shrinks 0.5% to Rs 6,273 cr; asset quality profile is broadly stable

Kotak Mahindra Bank's consolidated net profit up 1.4% YoY in Q2

Asset quality has improved sequentially, with the bank reporting GNPAs of 3.19% in Q2FY22 against 3.56% in Q1FY22

Axis Bank profit jumps 86% to Rs 3,133 crore in September quarter

Strong fee income, fall in provisions boost bottom line

Zensar Technologies net profit rises 7.5% to Rs 94.4cr in Sep quarter

Zensar Technologies on Tuesday reported a 7.5 per cent rise in net profit to Rs 94.4 crore for the second quarter ended on September 30, 2021. It had posted a profit of Rs 87.8 crore in the year-ago period, Zensar Technologies said in a statement. The company's operating revenue rose 12.2 per cent to Rs 1,050.6 crore in the reported quarter from Rs 936.4 crore in the same period last fiscal, it added. "Q2FY22 has been one of our strongest quarters in the recent past, with revenues seeing a sequential quarter-on-quarter growth of 12.3 per cent on a constant currency basis. This performance is bolstered by broad-based growth across all geographies, service lines, and verticals," Zensar Technologies CEO and Managing Director Ajay S Bhutoria said. He added that different regions have posted strong performances, with new clients being added and incremental business being driven from existing clients. "We continue to build competency and scale in focus on strategic growth opportunities

ABB India net profit rises 40% to Rs 120 crore in September qtr

ABB India on Tuesday posted over 40 per cent jump in its net profit at Rs 120 crore for the September quarter, mainly on the back of higher revenues

Dr Lal PathLabs Q2 net up 11% at Rs 96 cr; to acquire Suburban Diagnostics

Diagnostic services provider Dr Lal PathLabs on Tuesday posted a 10.6 per cent increase in its consolidated profit after tax (PAT) at Rs 96.3 crore for the second quarter ended September 30

IRB Infra logs Rs 42 cr profit in Jul-Sept, raises Rs 5,347 cr from 2 funds

IRB Infrastructure Developers on Tuesday reported a consolidated net profit of Rs 42 crore for the second quarter ended on September 30

Birlasoft second quarter net profit surges 49.2% to Rs 103.1 cr

Revenue from operations grew 18 per cent to Rs 1,011.7 crore

Central Bank of India second quarter net profit jumps 55% to Rs 250 cr

Public sector Central Bank of India on Tuesday reported an over 55 per cent jump in net profit at Rs 250 crore for the quarter ended September. The lender had posted a net profit of Rs 161 crore during the same quarter of the previous fiscal. However, total income of the bank during July-September period of 2021-22 was down at Rs 6,503.39 crore, as against Rs 6,762.36 crore in the year-ago period, it said in a regulatory filing. Net interest income rose 5.99 per cent to Rs 2,495 crore, as against Rs 2,354 crore earlier. Net interest margin (NIM) improved from 3.21 per cent to 3.36 per cent on a year-on-year basis, registering an improvement of 15 basis points, it added. On the asset quality front, net non-performing assets (NPAs or bad loans) reduced to 4.51 per cent as of September 30, 2021, from 5.60 per cent by end of the same month last year. Gross NPAs moderated to 15.52 per cent from 17.36 per cent. Also, the bank's cost of deposit declined to 3.84 per cent from 4.45 per c

Axis Bank second quarter net profit rises 86% to Rs 3,133 crore

Private sector Axis Bank on Tuesday reported an over 86 per cent jump in its standalone net profit at Rs 3,133.32 crore in the second quarter ended September 2021. The bank had posted a net profit of Rs 1,682.67 crore during the same period of the previous fiscal year. Total standalone income during July-September 2021-22 rose to Rs 20,134.39 crore, from Rs 19,550 crore in the same period of 2020-21, Axis Bank said in a regulatory filing. The bank showed improvement on the asset quality front, as the gross non-performing assets (NPAs) or bad loans fell to 3.53 per cent of the gross advances by the end of September this year from 4.18 per cent in the same period a year ago. Net NPAs, however, rose to 1.08 per cent from 0.98 per cent. Bank's provisions for bad loans and contingencies for the reported quarter fell substantially to Rs 1,735 crore from Rs 4,343 crore put aside in the year-ago period. Shares of Axis Bank closed at Rs 842.25 apiece on the BSE, down 0.33 per cent from th

Jindal Stainless second quarter net profit grows 5-fold to Rs 412 cr

Demand from all major end-use segments like process industry, pipe and tube, railways and wagons, and metro rail grew during the quarter

Mahindra Lifespace Q2 profit at Rs 13 cr; revenue up 76% at Rs 65.7 cr

Realty firm Mahindra Lifespace Developers Ltd on Tuesday reported a consolidated net profit of Rs 13.23 crore for the quarter ended September on rise in total income. The company, which is a part of the Mahindra group, had posted a net loss of Rs 13.48 crore in the year-ago period. Total income for the second quarter rose to Rs 65.70 crore from Rs 37.42 crore in the corresponding period of the previous year, according to a regulatory filing. The consolidated PAT, after non-controlling interest, stood at Rs 6.52 crore for the quarter ended September as against a loss of Rs 13.33 crore in Q2 of FY21. Arvind Subramanian, Managing Director & Chief Executive Officer, Mahindra Lifespace Developers Ltd, said, "We have seen encouraging demand growth in both our residential and industrial parks businesses in Q2 FY22. Further, project execution has gained pace." The response to the launch of its first Mahindra Happinest project at Mahindra World City, Chennai has been very heartening, he ..