Page 64 - Q2 Results
HUL Q2 net up 9% YoY to Rs 2,009 crore; announces interim dividend of Rs 14
Revenue for the quarter under review came in at Rs 11,276 crore, up 16.1 per cent YoY.
 "HUL Q2 net up 9% YoY to Rs 2,009 crore; announces interim dividend of Rs 14")
L&T Technology Services reports strong revenue and profit growth in Q2FY21
L & T Technology Services Limited, India's leading pure-play engineering services company, announced its results for the second quarter ended September 30, 2020.Highlights for Q2FY21 include:USD Revenue at $178 million; growth of 4.1 per cent QoQRevenue at Rs 13,138 million; growth of 1.5 per cent QoQEBIT margin at 13.7 per cent; up 160 bps QoQNet profit at Rs 1,655 million; growth of 41 per cent QoQInterim Dividend of Rs 7.5 per share; Record date October 27, 2020During the quarter, LTTS won 8 multi-million dollar deals across all industry segments including 3 deals with TCV of USD15mn plus and another 3 deals with TCV of USD10mn plus. Revenues from digital and leading-edge technologies stood at 49 per cent during the quarter."We had a strong quarter with broad based revenue growth and an improvement in operating margin performance, in line with what we had guided. Steady order bookings and a healthy pipeline across all segments gives us confidence that the growth momentum will ..
 "L&T Technology Services reports strong revenue and profit growth in Q2FY21")
Britannia declines 5% as Q2 revenue slightly misses analysts' expectations
Total revenue from operations climbed 12.15 per cent to Rs 3,419.11 crore during the quarter under review.
 "Britannia declines 5% as Q2 revenue slightly misses analysts' expectations")
Margin gains, debt reduction boost Tata Communications' September qtr
Revenue growth momentum, profitability will be key triggers
 "Margin gains, debt reduction boost Tata Communications' September qtr")
HDFC Life's PAT rises 5.6% to Rs 326 cr in Q2, net premium income up 35%.
The insurer also saw a 15% rise in first year premium in Q2FY21 at Rs 1,675.15 crore, compared to Rs 1,452.72 crore in the corresponding period last year
 "HDFC Life's PAT rises 5.6% to Rs 326 cr in Q2, net premium income up 35%.")
Britannia's net profit jumps 23% to Rs 495.20 cr in Q2, revenue rises 12%
On a sequential basis, Britannia's net profit fell 8 per cent, while consolidated revenue was nearly flat
 "Britannia's net profit jumps 23% to Rs 495.20 cr in Q2, revenue rises 12%")
CSB Bank Q2 profit jumps to Rs 69 cr; to hike proportion of gold loans
It had posted a profit of Rs 24.6 crore in the second quarter of 2019-20
 "CSB Bank Q2 profit jumps to Rs 69 cr; to hike proportion of gold loans")
Bank of Maharashtra Q2 profit up 13% to Rs 130 cr on higher interest income
On a consolidated basis, its profit stood at Rs 130.44 crore, compared to Rs 115.15 crore in the year-ago period
 "Bank of Maharashtra Q2 profit up 13% to Rs 130 cr on higher interest income")
CSB Bank's Q2 pre-tax profit up 137% to Rs 82 crore, 56% spike in NII
The bank's Covid-19 provisions stood at Rs 15.6 crore during the quarter, while other provisions stood at Rs 65.2 crore as compared to Rs 24.6 crore, up 164.9 per cent
 "CSB Bank's Q2 pre-tax profit up 137% to Rs 82 crore, 56% spike in NII")
Rallis India's PAT falls 2% to Rs 83 cr in Sept quarter, revenue dips 3%
The company''s profit after tax stood at Rs 85 crore during the corresponding period of 2019-20, Rallis India said in a statement
 "Rallis India's PAT falls 2% to Rs 83 cr in Sept quarter, revenue dips 3%")
Britannia Q2 profit rises 23% to Rs 495 cr; rebenue up 12% to Rs 3,419 cr
Total expenses were at Rs 2,822.02 crore, up 7.80 per cent from Rs 2,617.64 crore earlier
HUL Q2 preview: Revenue may rise up to 19% YoY on GSK Consumer acquisition
Recovery in rural business, pricing actions, and new launches will be the key monitorables.
 "HUL Q2 preview: Revenue may rise up to 19% YoY on GSK Consumer acquisition")
Tata Communications Q2 consolidated profit up 7-fold to Rs 385 crore
Tata Communications on Friday posted an around seven-fold jump in consolidated net profit at Rs 384.81 crore for the September quarter
 "Tata Communications Q2 consolidated profit up 7-fold to Rs 385 crore")
HDFC Bank's September quarter net profit rises 18.4% to Rs 7,513 crore
It had posted a net profit - profit after tax (PAT) -- of Rs 6,344.9 crore in the quarter ended September 2019 (Q2FY20)
 "HDFC Bank's September quarter net profit rises 18.4% to Rs 7,513 crore")
HDFC Bank's September quarter net profit rises 16% to Rs 7,703 crore
The private sector lender had posted a consolidated net profit of Rs 6,638 crore in the corresponding quarter a year ago
 "HDFC Bank's September quarter net profit rises 16% to Rs 7,703 crore")
Federal Bank Q2 PAT down 26.2% at Rs 308 cr on higher provisions
Net interest income up 23% YoY to Rs 1,380 cr, Other income, comprising fee and commission, grew by 21% to reach Rs 509 cr
 "Federal Bank Q2 PAT down 26.2% at Rs 308 cr on higher provisions")
HCL Tech Q2 profit rises 18.5% to Rs 3,142 crore, outperforms projections
Dollar revenues stood at $2,507 million, a 4.5 per cent rise in constant currency terms over the previous quarter
 "HCL Tech Q2 profit rises 18.5% to Rs 3,142 crore, outperforms projections")
Top headlines: HCL Tech Q2 profit rises, Remdesivir falls flat in WHO study
Business Standard brings you the top headlines of the day
 "Top headlines: HCL Tech Q2 profit rises, Remdesivir falls flat in WHO study")
Cyient gains 5% as Q2 consolidated Ebit margin grows 586 bps QoQ to 11%
In the past month, Cyient has underperformed the market by falling 13 per cent, as compared to a 1.5 per cent rise in the S&P BSE Sensex till Thursday.
 "Cyient gains 5% as Q2 consolidated Ebit margin grows 586 bps QoQ to 11%")
Chart Check: IT stocks decline post Q2 nos. Do they still hold promise?
Most IT stocks have seen sharp correction post Q2 results. However, the medium-term outlook stays bullish as per their respective technical charts.
 "Chart Check: IT stocks decline post Q2 nos. Do they still hold promise?")
