Page 7 - Q2 Results

Torrent Power net profit rises 31 pc to Rs 484 crore in July-September

Torrent Power on Thursday posted over 31 per cent rise in its consolidated net profit at Rs 484.19 crore in September quarter compared to a year ago, mainly due to higher revenues. The consolidated net profit of the company was Rs 368.84 crore in the quarter ended on September 30, 2021, a BSE filing showed. Total income of the company rose to Rs 6,797.2 crore in the quarter from Rs 3,683.69 crore in the same period a year ago. Major reasons for improvement in the total comprehensive income for the quarter on y-o-y (year-on-year) basis are: increase in contribution from franchised distribution business due to reduction in T&D (Transmission and Distribution) losses on account of continuous and sustained focus on loss reduction activities and increase in electricity demand; improved performance of licensed distribution businesses, and net gain from trading of LNG (gas), among others, it stated. The company has an aggregate installed generation capacity of 4,160 MW comprising 2,730 MW

Samvardhana Motherson Q2 net profit rises to Rs 288 crore on strong sales

Auto component major Samvardhana Motherson International on Thursday said its consolidated net profit surged more than three-fold to Rs 288 crore in the second quarter ended September, aided by strong sales across business verticals. The company had reported a net profit of Rs 93 crore for the July-September period of last year. Total revenue from operations rose to Rs 18,261 crore in the second quarter of the current fiscal as against Rs 14,076 crore in the year-ago period, according to a regulatory filing. "We are seeing improvement in the external environment though it remains volatile and uncertain. While constructive discussions with customers on sharing of inflationary cost structures are moving in a positive direction, this continues to be a work in progress quarter," the company's Chairman Vivek Chaand Sehgal said. The strong growth in order book to 18.2 billion euros at SMRP BV is a testimony of the company's strong relationship with its customers, he added. "Full credit

Balaji Telefilms posts smaller Q2 loss at Rs 18.47 cr, TV segment improves

Balaji Telefilms, which provides content to TV channels such as Star Plus, Colors and Zee TV, said it will focus on reducing its cash burn

Suzlon Energy posts Q2 net profit at Rs 56 crore on higher revenues

Suzlon Energy on Thursday posted a consolidated net profit of Rs 56.47 crore for September quarter 2022-23 mainly on higher revenues. In the year-ago period, it incurred a net loss of Rs 12.40 crore, a BSE filing said. Total income of the company rose to Rs 1,442.58 crore in the quarter from Rs 1,361.62 crore in the same period a year ago.

Zomato Q2 results: Net loss narrows to Rs 251 crore as online orders jump

Revenue from operations rose to Rs 1,661 crore from Rs 1,024 crore

Cochin Shipyard Q2 profit declines to Rs 113 cr, income rises to Rs 744 cr

Cochin Shipyard Ltd on Thursday reported a 14 per cent fall in consolidated profit at Rs 112.79 crore in the quarter ended September. The company had posted a consolidated profit of Rs 131.30 crore in the corresponding quarter of the previous fiscal, it said in a filing to BSE. The consolidated income of the company in the second quarter of the current fiscal increased to Rs 744.88 crore from Rs 738.01 crore in the year-ago period. The company's board has approved an interim dividend of Rs 7 per equity share for 2022-23.

Petronet Q2 net profit falls 4% to Rs 785 cr as natural gas volumes drop

Petronet LNG Ltd on Thursday reported a 4 per cent fall in its September quarter net profit as volumes dropped on a spurt in global natural gas prices. Consolidated net profit stood at Rs 785.73 crore in July-September as against Rs 817.61 crore a year back, according to a company's stock exchange filing. Petronet chief executive officer Akshay Kumar Singh during a conference call said global energy rates spurred after the Ukraine war, but rates have begun to soften in the last 10-15 days. The rise in spot or current market liquefied natural gas (LNG) prices led to volume drop as users couldn't afford higher rates. Petronet is India's largest LNG importer and the gas it imports is supplied to fertilizer plants and other industries for use. Its flagship Dahej terminal in Gujarat processed 182 trillion British thermal units (TBTUs) of LNG during July-September as against 196 TBTU during the previous quarter ended June 30 and 225 TBTU during the corresponding quarter ended September

Deepak Fertilisers Q2 net rises nearly 3-fold to Rs 276 cr, revenue up 51%

Industrial chemicals and fertilisers manufacturer Deepak Fertilisers and Petrochemicals Corporation (DFPCL) on Thursday said its net profit has jumped nearly three fold to Rs 276 crore in the second quarter ended September 30, 2022. The company's net profit stood at Rs 93 crore during the corresponding quarter of the previous fiscal, DFPCL said in a statement. The operating revenue of the company grew by 51.7 per cent to Rs 2,719 crore during the quarter under review, compared to Rs 1,793 crore in the same period a year-ago. "We are happy to share that the second quarter and H1 results have validated despite huge raw material price hikes, our pass through remains healthy. Our strong alignment with the India growth story provides positive tailwinds to demand growth for our products. "Our drive from commodity to specialty continues to support premium margins and brand consolidation in the mining chemicals, pharma chemicals and crop nutrition businesses," DFPCL Chairman and Managing .

Sensex dips 420 pts on weak global cues; Aurobindo Pharma down 12%, TaMo 5%

CLOSING BELL: Hero MotoCorp, HDFC Bank, Kotak Bank, ONGC, Bharti Airtel, and Dr Reddy's Labs, meanwhile, eked out gains up to 2.6 per cent

NHPC Q2 net profit rises over 21% to Rs 1,685 cr on back of higher revenues

State-owned NHPC on Thursday posted a 21.56 per cent rise in its consolidated net profit at Rs 1,685.81 crore in the September quarter of FY23, mainly on the back of higher revenues. The consolidated net profit of the company was Rs 1,386.81 crore in the quarter ended on September 30, 2021, a BSE filing showed. Total income of the company rose to Rs 3,529.31 crore in the reporting quarter from Rs 3,165.59 crore in the same period a year ago.

PFC logs highest ever quarterly profit of Rs 5,229 cr on higher revenues

Power Finance Corporation (PFC) on Thursday posted its highest ever quarterly profit after tax of Rs 5,229.33 crore for September quarter 2022-23 mainly due to higher revenues. The consolidated profit is 4 per cent higher as compared to the year-ago period when it logged a profit of Rs 5,023.42 crore, it said in a BSE filing. Total income rose to Rs 19,344.39 crore from Rs 19,282.60 crore in the same period a year ago. The board in its meeting on Thursday also approved second interim dividend of Rs 3 per share of Rs 10 each for 2022-23. The PFC group delivered its highest ever consolidated profit after tax (PAT) of Rs 5,229 crore in Q2FY23, it said in a statement. The group reported a PAT of Rs 9,809 crore in April-September FY23 as against Rs 9,578 crore in the year-ago period. The consolidated net worth crossed Rs 1 lakh crore mark and stood at Rs 1,02,280 crore (including non-controlling interest) as on September 30, 2022. This is reflective of PFC group's strong fundamentals

HCC Q2 net profit zooms 129% to Rs 319 cr, income drops to Rs 2,515 cr

Hindustan Construction Company (HCC) on Thursday reported a 129 per cent rise in consolidated net profit at Rs 319.03 crore for the quarter ended September 30, 2022, on the back of improved operational efficiencies. The company had posted a consolidated net profit of Rs 139.23 crore in the year-ago period, HCC said in a filing to BSE. However, the consolidated income of company during July-September period dropped to Rs 2,515.15 crore, from Rs 2,834.84 crore in the year-ago period, the filing said. The consolidated expenses of HCC declined to Rs 2,423.88 crore, as against Rs 2,736.23 crore earlier. HCC's strong operational performance and earnings during the quarter were achieved due to improved operational efficiencies through a leaner and efficient organisational structure, the company said in a statement. HCC successfully concluded its debt resolution plan during the quarter, duly supported by 23 banks and financial institutions. The company said that it has transferred Rs 2,8

Kalyan Jewellers India Q2 PAT up 54.02% at Rs 105.92 cr, revenue up 20.22%

Kalyan Jewellers India on Thursday reported a 54.02 per cent growth in consolidated profit after tax (PAT) at Rs 105.92 crore during the quarter ended September 30. The jewellery retailer's PAT stood at Rs 68.77 crore during the corresponding period of the previous financial year, Kalyan Jewellers India said in a regulatory filing. Revenue from operations of the company grew by 20.22 per cent during the quarter under review to Rs 3,472.91 crore, compared to Rs 2,888.69 crore in the same period a year-ago. Meanwhile, in the Middle East, total revenue from operations of the company during the second quarter of FY23 was at Rs 601 crore, as against Rs 360 crore in the same period last year. Retail expansion of the brand continued in the July-September quarter, with the launch of five new showrooms all in the non-South markets in the country. This includes the launch of the first physical experience center of its e-commerce platform -- Candere, the company said. As of September 30, 2

Neuland Labs hits 20% upper circuit after solid Q2; stock at 10-month high

The company reported a record EBITDA margin of 23.6 per cent, led by shift in business mix towards higher margin products as well as various cost optimization initiatives.

Q2 roundup: Indian firms get festive boost; almost 62% post profit rise

Of the 191 companies tracked, 118 reported a rise in profit, Refinitiv data showed, with almost 90% of those logging in a rise in quarterly revenue.

Tata Motors only loser among auto stks in 2022. Can it recover lost ground?

Within the auto sector, TVS Motors has soared 79 per cent far this year. Mahindra & Mahindra and Eicher Motors were the other major gainers.

Stock of this hospital company has zoomed 115% from its May 2022 low

Shares of Rainbow Children's Medicare hit a new high of Rs 884 on Thursday; rallied 25 per cent in five days after the company delivered robust operational and financial performance for Q2FY23.

Allcargo Logistics Sept-quarter consolidated PAT falls 13% to Rs 230 crore

Allcargo Logistics has reported a 13 per cent fall in consolidated Profit After Tax (PAT) at Rs 230 crore for the quarter ended September 30, 2022. The company's consolidated PAT in the year-ago period was Rs 263 crore, as per a regulatory filing. The income from operations rose 6.5 per cent to Rs 5,300 crore in the reporting quarter as against Rs 4,978 crore in the second quarter of FY22, as per the filing. Earnings before income, taxes, depreciation and amortisation (EBITDA) during the quarter stood at Rs 450 crore. "We have posted the highest-ever Q2 revenue and EBITDA and also the highest margin ever for any quarter, this time, said Shashi Kiran Shetty, Chairman, Allcargo Logistics, ECU Worldwide and Gati Ltd. On the board's approval to the company's plans to buyout the remaining stake in GKEPL, Shetty said. "We share an extremely close relationship with KWE group built on mutual respect and that will continue across businesses. With this acquisition, we will be able to exped

Aurobindo Pharma slumps 6% amid reports of Sarath Reddy's arrest by ED

According to reports, ED has arrested Sarath Reddy, director of Aurobindo Pharma, under the money laundering act in the now scrapped Delhi Excise policy case.

Tata Motors slips 5% on Q2 earnings miss; brokerages divided on outlook

Improving chip supply and cooling commodity prices will aid revenue and margins recovery and hence aim to deliver strong improvements in EBIT and free cash flows in H2 FY23, the company said.