Page 5 - Q2 Results

SJVN Q2 net profit rises 10% to Rs 445 cr, income dips to Rs 916 cr

State-owned SJVN on Friday posted a 10 per cent year-on-year rise in its consolidated net profit to Rs 445.44 crore in the September 2022 quarter. Its consolidated net profit was Rs 404.72 crore in the year-ago quarter, a BSE filing showed. Its total income dipped to Rs 916.25 crore in the quarter from Rs 925.56 crore a year ago.

BHEL posts Rs 12.10 cr Q2 net on higher revenues, income up to Rs 5,418 cr

State-owned engineering firm on Friday reported a Rs 12.10 crore consolidated net profit in the September 2022 quarter on higher revenues. The company had posted a consolidated net loss of Rs 46.58 crore in the quarter ended September 30, a BSE filing showed. Its total income rose to Rs 5,418.74 crore in the quarter from Rs 5,197.25 crore a year ago.

Emami Sept quarter net flat at Rs 184 crore, pre-tax profit dips 18%

Company says gross margins shrank 230 bps in Q2FY23 due to inflationary pressures and an unfavourable portfolio mix due to extraordinary high sales of pain management products last year

Tamil Nadu Newsprint and Papers registers Q2 net profit at Rs 111.75 crore

State-run Tamil Nadu Newsprint and Papers Ltd has reported net profit at Rs 111.75 crore for the July-September 2022 quarter, the company said on Friday. The city-based company had registered net profit at Rs 4.74 crore during the corresponding quarter in the previous year. For the half year ending September 30, 2022, the net profit of the company stood at Rs 172.15 crore as against a net loss at Rs 9.03 crore registered during the same period last year. Total income from operations during the quarter under review surged to Rs 1,378.54 crore from Rs 929.80 crore registered during the corresponding period last year. For the six-month period ending September 30, 2022, the total income from operations surged to Rs 2,506.83 crore from Rs 1,561.75 crore registered in same period last year, the company further said.

Adani Power records Q2 net profit of Rs 696 cr on higher one-time income

Adani Power on Friday posted a consolidated net profit of Rs 696 crore for September quarter 2022-23, mainly due to higher one-time income. In the year-ago period, it incurred a net loss of Rs 231 crore, a company statement said. Total income was 52 per cent higher at Rs 8,446 crore as against Rs 5,572 crore in September quarter 2021-22. The increase in revenue was aided by improved tariffs under long-term power purchase agreements (PPAs) on account of higher prices of imported coal as well as improved merchant/short-term tariffs due to more demand. Revenue in the quarter includes one-time income of Rs 912 crore, primarily in the form of higher other income on account of late payment surcharge, it said. In comparison, income in the second quarter of 2021-22 included one-time revenue recognition of Rs 141 crore, it stated. "Conventional power continues to act as the bedrock of India's stable grids, thereby enabling investments in renewable energy for achieving the nation's ambitio

RCap swings to black with Q2 net of Rs 215 cr, income grows to Rs 6,046 cr

Reliance Capital (RCap), which is undergoing insolvency process, on Friday swung back to the black and posted a consolidated net profit of Rs 215.23 crore for the quarter ended September 2022. The non-banking finance company had posted a consolidated net loss of Rs 1,115.56 crore in the year ago quarter ended September 2021. Also, there was a net loss of Rs 491.40 crore in the preceding quarter ended June 2022. The profit before tax stood at Rs 289.74 crore for the reported quarter, while there was a loss before tax of Rs 1,114.52 crore in the year-ago quarter. However, for the half year from April-September period of the current fiscal, the debt-ridden company remained in the red with net loss of Rs 276.17 crore. But the loss was trimmed against Rs 2,161.80 crore registered in the first half of 2021-22. The company had posted a net loss of Rs 8,054.74 crore in fiscal ended March 2022. The company's total income during July-September quarter of this fiscal year grew to Rs 6,046.65

Zydus Lifesciences Q2 net profit down 82.6% to Rs 523 cr on rising costs

Shares of the company were trading at Rs 427.70, down 1.4% at 0847 GMT

Exide posts better-than-expected Q2 net at Rs 246 cr on easing input costs

Analysts on average had expected a profit of Rs 236 crore, according to Refinitiv IBES data

Mahindra & Mahindra posts Rs 2,089 crore Q2 PAT, revenue at Rs 20,839 cr

Automobile major Mahindra & Mahindra Ltd on Friday said it had closed Q2FY23 with a net profit of Rs 2,089.92 crore.

Sensex leaps 1,181 pts, Nifty holds 18350 amid global rally; HDFC duo up 6%

CLOSING BELL: Barring minor downtick in the Nifty Auto, FMCG, and PSU Bank indices, all other sectoral indices advanced on the bourses. The Nifty IT index led from the front with around 4% surge

Jet Airways posts Rs 308 cr Q2 net loss, expenses rise to Rs 321 cr

Jet Airways, which is grounded for more than three years, on Friday reported a standalone net loss of Rs 308.24 crore in the three months ended September. The airline had reported a net loss of Rs 305.76 crore in the same period a year ago, according to a regulatory filing. Through the corporate insolvency resolution process, the Jalan Fritsch consortium emerged as the winning bidder for the airline after the the National Company Law Tribunal (NCLT) approved the consortium's resolution plan in June last year. However, the carrier is yet to resume operations. In the second quarter of the current fiscal, Jet Airways saw its total income plunge to Rs 13.52 crore from Rs 45.01 crore in the year-ago period. Total expenses also jumped to Rs 321.76 crore in the latest September quarter. "The company continues to incur losses resulting in an erosion in its net worth and its current liabilities exceed current assets as of September 30, 2022," the filing said. The airline, which shuttered

Hindalco Industries Q2 net falls 35% to Rs 2,205 cr on elevated input costs

Hindalco Industries Ltd on Friday reported 35.4 per cent decline in consolidated profit after tax at Rs 2,205 crore for the quarter ended September mainly due to elevated input costs. The company, part of the Aditya Birla Group, had posted a consolidated profit after tax of Rs 3,417 crore in the year-ago period, Hindalco Industries said in a filing to BSE. However, the consolidated revenue from operations in the second quarter of the current fiscal increased to Rs 56,176 crore from Rs 47,665 crore in the year-ago period. "Hindalco Industries... reported consolidated revenue of Rs 56,176 crore in Q2 FY23, an increase of 18 per cent Y-o-Y, driven by higher volumes and better realisations," the company said in a statement. The company reported an EBITDA of Rs 5,743 crore in the second quarter, down 29 per cent compared to the year-ago period, impacted by rising input costs and unfavourable macros. This was partially offset by better operational performance of copper and downstream ..

ACC, UltraTech Cement, Ramco: Here's how cement stocks look on the charts

Except Ambuja Cements, Ultratech Cement, Ramco Cements, and India Cements need to surpass crucial key levels to lead to a rally ahead

GVK Power net profit falls manifold to Rs 153.87 crore in Sep qtr

GVK Power and Infrastructure Limited (GPIL) on Friday posted a multifold fall in its consolidated net profit to Rs 153.87 crore during the September 2022 quarter due to higher expenses. Its profit was Rs 2,395.01 crore in the July-September period of the preceding 2021-22 fiscal, the company said in a BSE filing. The company's total income increased to Rs 1,012.05 crore from Rs 93.71 crore in the year-ago period. Expenses soared to Rs 840.10 crore against Rs 182.24 crore a year ago. GVK is a leading Indian conglomerate with diversified interests across various sectors, including energy, airports, transportation, hospitality and life sciences.

Mahindra & Mahindra September quarter profit up 44% at Rs 2,773 crore

Homegrown diversified group Mahindra & Mahindra on Friday reported 44 per cent increase in consolidated profit at Rs 2,773 crore for September quarter, boosted by robust sales across business verticals. The group had logged a net profit of Rs 1,929 crore in July-September last fiscal year, Mahindra & Mahindra (M&M) said in a regulatory filing. Revenue from operations during the quarter under review rose to Rs 29,870 crore from Rs 21,470 crore in the year-ago period, it added. M&M, on a standalone basis, reported revenue of Rs 20,839 crore in the second quarter, up 57 per cent from Rs 13,314 crore in the same period a year ago, the company said. Profit after tax increased 46 per cent to Rs 2,090 crore in September quarter, as compared to the year-ago period. The auto major said it sold a total of 1,74,098 vehicles in the second quarter, higher 75 per cent from 99,334 units in September quarter 2021-22. Tractor sales increased 5 per cent to 92,590 units in September ...

Pricol Ltd reports consolidated Sept quarter net profit of Rs 47.52 crore

Pricol Ltd has recorded a consolidated profit for the July-September 2022 quarter at Rs 47.52 crore, the company said on Friday. The city-based automotive technology company had registered consolidated profit at Rs 14.66 crore during corresponding quarter of previous year. For the half year ending September 30, 2022 the consolidated profit grew to Rs 68.12 crore from Rs 20.60 crore registered in same period of previous year, the company said. The consolidated total income during the quarter under review went up to Rs 516.46 crore from Rs 409.49 crore registered in same period of last year. For the six-month period ending September 30, 2022 the consolidated total income grew to Rs 962.90 crore as against Rs 729.41 crore registered in same period of last year. "Whilst the demand from the industry remains stable, the supply chain disruptions and chip shortages still continue to put a stress on our top-line and bottom-line. With our focused efforts to meet the customer demand despite

Capacit'e Infraprojects net profit grows 15% to Rs 22 cr in Sept quarter

Capacit'e Infraprojects has reported a 15 per cent increase in its consolidated net profit to Rs 22 crore during the September 2022 quarter on higher revenues. It had clocked a Rs 19 crore net profit in the July-September period of the preceding 2021-22 fiscal, the company said in a statement on Friday. The company's revenue from operations also rose 25 per cent to Rs 431 crore from Rs 345 crore in the year-ago quarter. Its earnings before interest, taxes, depreciation and amortisation (EBIDTA) for Q2 FY23 grew by 26 per cent to Rs 84 crore compared to Rs 67 crore in the second quarter of FY22. For the half year ended September 30, the company's net profit was 84 per cent higher at Rs 50 crore compared to Rs 23 crore in the year-ago period. Revenue from operations for H1 FY23 grew by 45 per cent to Rs 908 crore against Rs 626 crore a year ago. "Backed by a growing customer base and the dedication to hone our expertise further with the implementation of new-age processes, we are o

Matrimony.com reports consolidated Q2 net at Rs 11.70 cr, total income up

Matchmaking service provider Matrimony.com has reported consolidated net profit for the July-September quarter at 11.70 crore, the company said on Friday. The city-based company had registered consolidated net at Rs 16.57 crore during corresponding quarter of previous financial year. For the half year ending September 30, 2022 the consolidated profit after tax stood at Rs 23.66 crore, as against Rs 30.39 crore registered in the same period of last year. The consolidated total income went up to Rs 119.07 crore during the quarter under review from Rs 113.90 crore registered in the same period of last financial year. For the six-month period ending September 30, 2022 the consolidated total income stood at Rs 239.83 crore as against Rs 223.57 crore registered in the corresponding quarter of previous year. "This quarter has been a subdued quarter due to seasonality. We will continue to leverage our new launches to enhance the momentum and at the same time provide the needed impetus for

Ashok Leyland Q2 net profit increases to Rs 199 cr as sales improve

Hinduja group flagship Ashok Leyland has reported a profit after tax of Rs 199 crore for the second quarter ended September 30, aided by robust sales across segments. It had posted a net loss of Rs 83 crore in the September 2021 quarter, the commercial vehicle major stated in a late-night regulatory filing on Thursday. Revenues in the period under review stood at Rs 8,266 crore compared to Rs 4,458 crore a year ago, it added. Ashok Leyland's domestic MHCV (medium and heavy commercial vehicles) volume rose to 25,475 units in the second quarter against 11,988 units in the year-ago period, it said. It helped the company achieve market share gains of 9.6 per cent in the quarter, Ashok Leyland said. Similarly, the company stated that its light commercial vehicle sales volume increased by 28 per cent to 17,040 units against 13,328 units in the same period last fiscal. Export volumes (MHCV & LCV) for the September quarter surged 25 per cent to 2,780 units against 2,227 units a year ...

Stocks to watch: M&M, Eicher Motors, Zomato, Adani Green, Alkem Labs, JSPL

Stocks to watch today: LIC, M&M, Adani Power, Hindalco Industries will report the July-September (Q2FY23) quarter results on Friday, November 11