Page 45 - Q2 Results

Higher raw material costs dent Nestle's operational performance in Sept qtr

The Nifty FMCG average valuations are 36 times, while its top six rivals are trading at an average of just over 50 times

Jubilant FoodWorks' Sept quarter fails to satisfy high investor appetite

After rallying ahead of results, stock sees a steep 8.7% fall on Wednesday

Covid LIVE: Kerala logs 11k new cases after below 10k infections for days

Live news updates: Hindustan Unilever reports 9% per cent growth in Q2 profit; Reliance Retail acquires majority stake in fashion designer Ritu Kumar's firm.

L&T Finance Holdings' net profit falls 10% to Rs 223 crore in Q2

L&T Finance Holdings (LTFH) on Wednesday reported a 10 per cent decline in its consolidated net profit to Rs 223 crore for the second quarter ended September 2021. The non-banking financial company had posted a net profit of Rs 248 crore in the corresponding period of the previous financial year. Its total income during July-September 2021 fell to Rs 3,134.46 crore as against Rs 3,508.91 crore in the year-ago period, LTFH said in a regulatory filing. Among the market leaders in farm equipment finance, two-wheeler finance and micro loans, LTFH said it witnessed the highest-ever disbursement in rural finance during the reported quarter, while retail disbursements grew 55 per cent quarter-on-quarter. In the second quarter of FY22, all LTFH businesses witnessed robust disbursement momentum. Rural finance business saw the highest-ever Q2 disbursement at Rs 4,987 crore, a jump of 51 per cent quarter-on-quarter, it said. The total disbursements in the quarter stood at Rs 7,339 crore for

Havells Q2 profit drops 7.34% to Rs 302.39 cr, sales up 31.6%

Havells India Ltd on Wednesday reported a 7.34 per cent decline in its consolidated net profit to Rs 302.39 crore for the quarter ended on September 30, 2021

Sensex sheds 456pts, Nifty gives up 18,300; Airtel, SBI buck the trend

Stock market LIVE: All sectoral indices barring telecom ended in the the negative zone; Declining stocks out-numbered advancing shares in the ratio 2:1 on the BSE

Tata Steel BSL posts over 5-fold jump in Q2 net profit to 1,837 cr

Tata Steel BSL on Tuesday reported over a five-fold jump in its consolidated net profit to Rs 1,837.03 crore for the September 2021 quarter, mainly on account of higher income

ICICI Securities Q2 PAT up 26% to Rs 351-crore on revenue growth

ICICI Securities on Tuesday reported a 26 per cent jump in profit after tax to Rs 351 crore in the three months ended September 2021 on account of growth in revenue and improvement in margins

ICICI Pru Life posts 47% jump in net profit to Rs 445 cr for Sept quarter

ICICI Prudential Life Insurance Co Ltd on Tuesday reported nearly 47 per cent jump in its net profit to Rs 445 crore for the second quarter ended September 30

Network18 Media Q2 profit jumps nearly threefold to Rs 199 crore

Network18 Media & Investments Ltd on Tuesday reported nearly threefold jump in consolidated net profit at Rs 199.27 crore for September quarter 2021-22 driven by improved revenue performance, controlled opex and lower finance costs. The company had posted a net profit of Rs 68.01 crore in July-September period a year ago, the media firm said in a regulatory filing. Revenue from operations was up 30.76 per cent to Rs 1,387.24 crore during the quarter under review, as against Rs 1,060.89 crore in the year-ago period. According to Network18, its both news and entertainment businesses further improved profitability. During the quarter it had a strong revenue growth driven by viewership and the highest ever Q2 revenue (ex-film), grew 29 per cent YoY, said Network18 in a post earning statement. Total expenses surged to Rs 1,189.04 crore from Rs 976.90 crore. Commenting on the results, Network18 Chairman Adil Zainulbhai said the quarter was quite remarkable, both from a macro as well as

Oriental Hotels Q2 net loss narrows to Rs 4.83 crore

Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd, on Tuesday reported a consolidated net loss of Rs 4.83 crore for the second quarter ended September 30, 2021. The company had reported a net loss of Rs 17.88 crore in the July-September period of the previous financial year. Its revenue from operations stood at Rs 52.34 crore for the period under review as compared to Rs 15.8 crore in the year-ago period, Oriental Hotels said in a regulatory filing. The company's board at its meeting on Tuesday re-appointed Pramod Ranjan as managing director and CEO for a further term of three years with effect from November 11, 2021, based on the recommendation of the nomination and remuneration committee. Oriental Hotels has seven hotels, including Taj Coromandel, Chennai; Taj Fisherman's Cove Resort and Spa, Chennai; and Taj Malabar Resort and Spa, Kochi.

JSW lspat Special Products' net loss narrows to Rs 36.85 cr in Sep qtr

JSW lspat Special Products Limited on Tuesday said its standalone net loss has narrowed to Rs 36.85 crore during the quarter ended September.

Larsen & Toubro Tech Services Q2 net profit up 39.1% to Rs 230 cr

Larsen & Toubro Technology Services (LTTS) on Tuesday posted a 39.1 per cent rise in consolidated net profit to Rs 230 crore for the September 2021 quarter and has raised its dollar revenue growth guidance to 19-20 per cent. The company had registered a net profit of Rs 165.5 crore in the year-ago period, it said in a regulatory filing. Its revenue grew 22.4 per cent to Rs 1,607.7 crore in the quarter under review from Rs 1,313.8 crore a year ago, it added. The company has announced a special dividend of Rs 10 per share to mark the five-year anniversary of LTTS' IPO and the record date has been set as October 27, 2021. LTTS, which has seen attrition spike to 16.5 per cent in the second quarter of the financial year 2021-22, plan to hire 2,000 freshers in the next six months. On a sequential basis, the net profit was higher by 6.4 per cent from Rs 216.2 crore, while revenue increased 5.9 per cent from Rs 1,518.4 crore in the June 2021 quarter. During the quarter, LTTS won 5 deals

Top headlines: IPO-bound Ola to see top-level exits; CRED valued at $4 bn

Moody's upgrades outlook on Indian banking from 'negative' to 'stable'

Hindustan Unilever warns of inflationary pressures after Q2 net profit jump

Benefits from a rebounding economy as lockdown-weary Indians finally started stepping out were offset by the unprecedented rise in raw material prices for the maker of Dove soap and Lipton tea

Sensex snaps 7-day winning run, ends 50 pts down; IRCTC tanks 9%, ITC 6%

The market breadth also favoured sellers amid profit-booking in the broader markets. The BSE MidCap and SmallCap indices ended nearly 2 per cent down each

HUL Q2 results: Profit rises 9% YoY; declares Rs 15 interim dividend

The company declared an interim dividend of Rs 15 per equity share of the face value of Re 1 each for the financial year ending March 31, 2022

L&T Infotech surges 10%, nears record high on robust Q2 results

The company reported the strongest sequential revenue growth of 8.9 per cent in constant currency terms during the July-September quarter

Analysts see 23% upside in HDFC Bank but caution against loan restructuring

HDFC Bank Q2 analysis: Analysts believe investors should keep an eye on restructured loan book even as long-term growth drivers remain intact.

Tata Coffee Q2 net up 26.55% to Rs 53.66 crore

Tata Coffee on Monday reported a 26.55 per cent growth in consolidated net profit during the September quarter at Rs 53.66 crore