Page 9 - Q2 Results

Aptus Value Housing Finance reports standalone Q2 net at Rs 106.78 crore

Aptus Value Housing Finance India Ltd has reported standalone profit for the July-September quarter at Rs 106.78 crore, the company said on Wednesday. The company engaged in housing finance had registered standalone profit at Rs 69.13 crore during the corresponding quarter in the previous year. For the six-month period ending September 30, 2022, the standalone profit grew to Rs 208.71 crore from Rs 129.27 crore registered in the corresponding quarter last year, Aptus Value Housing Finance said in a company statement. Commenting on the financial performance, company Chairman and Managing Director M Anandan said, "During first half of financial year 2023, we disbursed Rs 1,129 crore registering a growth of 69 per cent year on year." The standalone total income during the quarter under review grew to Rs 236.98 crore, as against Rs 169.40 crore registered in the same period last year. For the half year ending September 30, the standalone total income surged to Rs 446.50 crore from Rs

Godrej Properties Q2 profit rises 54% to Rs 54.96 crore on higher income

Realty firm Godrej Properties on Wednesday reported a 54 per cent increase in its consolidated net profit to Rs 54.96 crore for the quarter ended September on higher income. Its net profit stood at Rs 35.73 crore in the year-ago period. The total income also rose to Rs 369.20 crore in the second quarter of this fiscal from Rs 334.22 crore a year ago, according to a regulatory filing. Its sales bookings fell 6 per cent to Rs 2,409 crore in the July-September period against Rs 2,574 crore in the year-ago period. During the April-September period of this fiscal, the sales bookings rose 60 per cent to Rs 4,929 crore from Rs 3,072 crore in the corresponding period of the previous year. Pirojsha Godrej, Executive Chairman, of Godrej Properties Ltd, said: "While the global macroeconomic environment deteriorated in the second quarter, India's economy continues to outperform and residential real estate demand continues to remain robust". "At the halfway mark of the financial year, we are

Tata Motors Q2 net loss narrows to Rs 944.6 crore; margins improve

India's Tata Motors Ltd on Wednesday posted a smaller quarterly loss on improved sales volumes led by increased demand for its cars

Sensex gyrates 537 points, ends 152 pts down; Nifty PSU Bank index rises 4%

CLOSING BELL: The Nifty50, meanwhile, shut shop at 18,157, down 46 points or 0.25 per cent

Ceat surges 16% from day's low post Q2 results; MRF skids 8% on muted show

Going forward, the management of Ceat expects the second half of this year to be better in terms of revenue and margins because of improving domestic demand and stabilising commodity prices.

Nifty PSU Bank soars 26% in a month; BOI, Canara Bank, UBI rally 55%

The Nifty PSU Bank index hit a new high of 3,811.15 on Wednesday, and has zoomed 67 per cent from its 52-week low of 2,283.85, touched on June 20, 2022.

Siyaram Silk Mills Ltd reports an all-around solid performance in Q2

/ -- Siyaram Silk Mills Limited, a manufacturer of fabrics, readymade garments, and other textiles products, has announced its results for the second quarter and half year ended 30th September 2022. Financial Highlights (Consolidated) Q2 & H1FY23 The Company has witnessed an all-around improvement in its Q2FY23 performance, led by improved operating efficiencies, a better product mix and rationalised marketing initiatives. Particulars (? Crores) Q2FY23 Q2FY22 YoY (%) Q1FY23 QnQ (%) H1FY23 H1FY22 YoY (%) Revenue 636 480 32 % 399 59 % 1035 714 45 % EBITDA 129 91 41 % 59 117 % 188 128 47 % EBITDA Margin (%) 20 % 19 % 128bps 15 % 540bps 18 % 18 % NA PAT 80 53 52 % 41 94 % 111 65 70 % Financial Highlights Revenue for Q2FY23 was higher by 32% YoY and 45% YoY for H1FY23. An all-around performance in the fabric and apparel business led to this strong revenue growth. Domestic market demand remains buoyant with increasing traction from export mar

Hindalco drops 5% as arm Novelis Q2 profit slides 23% YoY; Ebitda down 8%

As per reports, Novelis has also lowered its capital expenditure (capex) outlook for FY23 to a range of $900 million- $1 billion from the previously guided $1.3-1.6 billion

PI Industries surges 8%, hits all-time high on strong Q2 revenue growth

Analysts believe overall growth was mainly led by volume scale up and price hike while favourable product mix and currencies would also have contributed to growth.

Auto component firm Sundram Fasteners posts 6% dip in Q2 net profit

Board approves amalgamation of Sunfast TVS and TVS Engineering with Sundram Fasteners

TMS Ep299: Banking sector, Passenger aircraft, India Inc in Q2FY23, COP27

What's behind the optimism in India's banking sector? Can India build passenger planes like Boeing and Airbus? How did India Inc fare in Q2FY23? What is COP27? All answers here

What's behind the optimism in India's banking sector?

Commercial banks have clocked a combined profit of almost Rs 60,000 cr in Q2FY23. It was a 59 per cent jump from the year-ago period. What are the reasons for this? Are there headwinds ahead?

How did India Inc fare in Q2FY23?

The September quarter corporate earnings season is near its end with select pockets firmly outshining the weak global outlook, while others lagging behind. How did India Inc fare in Q2FY23?

Brokerages downgrade Divi's Labs post Q2 letdown; stock falls 11% in 2 days

EBITDA margins declined 767 bps YoY to 33.5 per cent due to high energy and transport costs.

Stocks to watch: Tata Motors, Coal India, Paytm, Sun Pharma, GCPL, VST Inds

Stocks to watch today: Tata Motors, Pidilite Industries will report the July-September quarter (Q2FY23) results on Wednesday, November 9; Coal India saw 102 per cent jump in net profit to Rs 6,044 cr

One97 Communications commerce turns operationally profitable: Analyst

Financial services firm One97 Communications' commerce vertical has turned profitable at the operational level, an analyst said after the company's earning call. One97 Communications, which owns the Paytm brand, has set a target to post operating profit by September 2023. "In the commerce business, the company makes sure that cash back incentives are not more than margins. This business has also turned profitable at the operating level," ICICI Securities analyst Kunal Shah said in the email summarising takeaways from Paytm's earnings call. Commerce and Cloud Services offerings of Paytm primarily include advertising, ticketing and deal vouchers. Paytm has reported 55 per cent year-on-year growth in Commerce and Cloud revenues at Rs 377 crore, with commerce revenue increasing 49 per cent y-o-y due to higher ticketing sales, while Cloud revenues were up 58 per cent as advertising revenues started recovering and credit card revenues continue to scale. "The change in promotional and ..

Birla Corp posts Rs 56.4-crore net loss in Q2, appoints new MD & CEO

The company said profitability was impaired by a sharp increase in power and fuel costs, which could not be passed on to consumers

M P Birla group's Birla Corporation posts Rs 56 cr loss in second quarter

M P Birla group flagship company Birla Corporation Ltd (BCL) posted a loss of Rs 56 crore in the second quarter of the current fiscal against a net profit of Rs 86 crore in the same period previous financial year. Revenue of the company increased 19.3 per cent at Rs 2042 crore during the second quarter as compared to Rs 1711 crore in the previous similar period, a statement by the primarily cement manufacturing firm said on Tuesday. The company said that the profitability of BCL during the second quarter was impaired by rising power and fuel costs which could not be passed on to the consumers. EBITDA, a measure of underlying profitability, of the company in the current second quarter declined 51.6 per cent to Rs 136 crore from Rs 281 crore in the similar previous period of 2021-22. BCL said that the newly-commissioned Mukutban plant in Maharashtra is yet to stabilise operations and also had a negative impact on profitability. Sales of the company increased 11.4 per cent at 3.64 ..

Tobacco player VST logs 22% sales growth in quarter ended Sept 30

Tobacco and cigarette manufacturer VST Industries registered a 22 per cent growth in sales and logged 15.4 per cent growth in net profit in the quarter ended September 30, 2022

BLS International Q2 net jumps 86% cr on growth in visa, consular services

BLS International on Tuesday said it has reported an 86 per cent jump in its net profit to Rs 51 crore in the second quarter ended September 30 on the back of robust growth in visa and consular services. The company engaged in visa, passport, e-governance and biometric services had reported a net profit of Rs 27.46 crore in the year-ago quarter. The company's operational revenue rose 87.36 per cent to Rs 356.84 crore in the September 2022 quarter against Rs 190.46 crore a year ago, BLS International said in a release. For the first half of 2022-23, its net profit surged 71.22 per cent to Rs 81.69 crore. Revenues grew 70.64 per cent to Rs 629.66 crore. "Our second quarter performance has been in line with expectations. We are seeing good growth coming in from our visa and consular services as well as e-Governance and banking correspondence businesses. "We are well above pre-COVID levels, and once business recovers from key markets such as China and Russia, the ongoing growth from t