Page 56 - Q2 Results

JSPL: Reduction in net debt expected to drive re-rating, say analysts

Rising volumes, expanded capacities, operating leverage, better realisation and debt reduction to aid earnings

Muthoot Finance net profit rises 2.5% to Rs 931 cr in September quarter

The company had posted a net profit of Rs 908.54 crore in the same quarter of previous fiscal year

Cholamandalam Financial Holdings Q2 net jumps 56% to Rs 506 crore

Cholamandalam Financial Holdings Ltd on Tuesday reported a 55.5 per cent jump in its consolidated net profit to Rs 505.55 crore for the second quarter of the current fiscal

Kansai Nerolac's net profit falls 11.5% to Rs 168 crore in Sept quarter

Kansai Nerolac on Tuesday reported an 11.56 per cent fall in consolidated net profit at Rs 167.96 crore for the quarter ended September 30

Eris Lifesciences' Q2 net rises 16%, consolidated income grows 14.5%

Eris continued to demonstrate strong focus on its top 15 power brands

PNB's pre-tax profit surges by 54% to Rs 979 cr in Q2, PAT up 22%

Net interest income soars 29% to Rs 8,393 crore, NPA position improves

HDFC net profit dips to Rs 2,870 cr in Q2, net interest income rises 21%

The Assets Under Management (AUM) rose 10.2 per cent to Rs 5,40,270 crore in Q2FY20 from Rs 4,90,072 crore in the previous year

NTPC to buy back shares worth Rs 2,275 cr as part of restructuring plan

Gets board nod to buy back up to 197.8 mn quity shares; thermal power giant registers 4.8% growth in profit in Q2

DLF: Investors should await total biz recovery before considering stock

With the Cyber Park project rents commencing, expect the growth on the rental front to remain steady

ICICI Bank: Optimistic commentary, rising share of retail loans augur well

Q2's Net NPA at 1 per cent is the best since FY16; margin for error on asset quality may be very limited

Buoyant mgmt outlook, rising share of retail loans bode well for ICICI Bank

Q2 Net NPA at 1% is the best since FY16; margin for error on asset quality may be very limited

Shriram City Union Finance reports Q2 net profit down 10% at Rs 275 cr

Shriram City Union Finance on Monday reported a nearly 10 per cent fall in consolidated net profit at Rs 275.46 crore for the quarter ended September. The non-banking finance company had posted a net profit of Rs 304.94 crore in the same period a year ago. Sequentially, the net profit was up by 39 per cent from Rs 198.43 crore in first quarter of this fiscal. Total revenue from operations, however, fell to Rs 1,507.50 crore in the July-September period of 2020-21 from Rs 1,561.60 crore in same quarter of 2019-20, Shriram City Union Finance said in a regulatory filing. The assets under management (AUM) as of September 30, 2020 fell to Rs 27,537 crore from Rs 29,722 crore earlier. With business revival and upcoming festivals, a larger proportion of small and medium enterprises (SME) and gold AUM is expected to increase in the coming quarters, it said. Notwithstanding the cessation of moratorium on August 31, 2020, gross NPAs were sequentially lower at 6.67 per cent compared to 7.28

Greenlam Industries reports 32.5% decline in Q2 net profit to Rs 18.54 cr

The company had reported a net profit of Rs 27.50 crore in the July-September quarter a year ago, Greenlam Industries Ltd said in a BSE filing

Coromandel International Q2 net up 17% at Rs 589 cr, income down 5%

Firm attributes better profit show to good monsoon and soil moisture, and govt's proactive steps in farm space

TCI Express reports 7.69% decline in Q2 net profit to Rs 24 crore

TCI Express on Monday reported 7.69 per cent fall in profit at Rs 24 crore for the second quarter ended September 30, 2020. The express distribution company had clocked a profit of Rs 26 crore in the year-ago quarter, it said in a statement. Revenue from operations was Rs 213 crore. Company posted EBITDA of Rs 34 crore with improved margins of 16 per cent and Profit After Tax for the period was Rs 24 crore with margins of 11 per cent," Managing Director Chander Agarwal said. "Our second quarter performance is a clear reflection of the trust TCI Express enjoys among customers and strong operational efficiencies in business due to cost control measures, supported by increased realization highlights the resilience of our business model," he added. Agarwal said to recognise the support of the employees during the pandemic, it was ensured that no salary deductions were made till now, except in his own case in the senior management. Moreover, Diwali bonuses have been paid and the compa

Punjab National Bank net profit rises 22% to Rs 621 crore in Sept quarter

Punjab National Bank (PNB) on Monday reported a 22 per cent jump in net profit to Rs 620.81 crore for the second quarter ended September 30

Embassy REIT Q2 profit flat at Rs 232 crore, revenue up 4% to Rs 540 crore

Embassy REIT reported a flat consolidated net profit in Q2 at Rs 232 cr and a 4% rise in revenue from operation at Rs 540 cr, and said it is looking to acquire large office parks for inorganic growth

Zee Entertainment reports Rs 93.41 crore net profit in Sept quarter

Zee Entertainment Enterprises Ltd on Monday reported a consolidated net profit of Rs 93.41 crore for the second quarter ended September

Bandhan Bank Q2 profit dips 5% as Covid-19 provisions eat into bottomline

Bandhan Bank on Monday reported 5 per cent decline in September quarter net profit at Rs 920 crore on a spike in provisions made for possible loan losses due to the Covid-19 pandemic

RIL shares tank 9%; m-cap tumbles over Rs 1 trillion after Q2 earnings

The company's market valuation also eroded by Rs 1,19,721.68 crore to Rs 12,69,437.32 crore on the BSE