RITES LTD Q3 RESULTS
Vedanta Q2 Results: Mining major swings to black with Rs 5,603 crore profit versus YoY loss
Vedanta LTD Q2 Results FY25: Revenue from operations fell 4% year-on-year to Rs 37,171 crore in the quarter ending September 2024, compared to Rs 38,546 crore in the same period last year. The company reported an EBITDA of Rs 9,828 crore for the July-September quarter, with margins at 26.1%.
Tata Motors Q2 Results: Cons PAT falls 11% YoY to Rs 3,343 crore, misses estimates
Tata Motors Q2 Results: During the quarter, its revenue dropped 3.5% YoY to Rs 101,450 crore. In a challenging environment, the company’s EBITDA margin dropped by 230 bps YoY to 11.4%, with caution on short-term domestic demand. JLR revenue fell 5.6% to £6.5 billion due to supply issues, leading to a 220 bps EBIT margin drop to 5.1%. Commercial vehicle revenue declined 13.9%, but EBITDA margin improved to 10.8% (up 40 bps) due to favourable pricing and cost savings.
SBI Q2 Results: PAT jumps 28% YoY to Rs 18,331 crore, beats estimates
SBI Q2 Results Today: State Bank of India (SBI) reported a 28% YoY rise in profit to Rs 18,331 crore, beating earnings estimates of Rs 15,550 crore. Net interest income grew 5% YoY to Rs 41,620 crore, while pre-provision operating profit surged 51% YoY to Rs 29,294 crore for the July-September 2024 quarter.
MRF announces Rs 3 per share dividend. Check record date
MRF's board declared an interim dividend of Rs 3 per share for shareholders alongside its Q2 results ending September 30, 2024. November 19 is set as the record date for dividend eligibility.
Mahindra & Mahindra Q2 Results: Standalone net profit up 13% to Rs 3,841 crore on strong SUV sales
Mahindra & Mahindra Ltd. exceeded profit forecasts, reporting a 13% rise in standalone net profit, fueled by robust sales of SUVs, pickups, and commercial vehicles. The company also revised its full-year tractor market guidance upward, citing positive agricultural trends.
Alembic Pharma Q2 Results: Net profit rises 12% to Rs 153 crore, revenue up 3%
Alembic Pharma reported a 12% YoY rise in Q2FY25 net profit to Rs 153 crore, driven by strong domestic and US market sales. Revenues grew 3% to Rs 1648 crore, while EBITDA declined 6%, with margins at 15.6%
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M&M Q2 Results: PAT rises 13% YoY to Rs 3,841 cr, beats estimates
M&M Q2 Results: Revenue from operations in the reporting period increased 12% YoY to Rs 28,919 crore. For the July-September 2024 period, EBITDA reached Rs 5,270 crore, with margins at 18.2%. Standalone volumes for the quarter grew 9% year-on-year to 2.31 lakh units, while tractor volumes rose 4% YoY to 92,382 units.
Mazagon Dock Shipbuilders shares surge 3% post Q2 results
Mazagon Dock Share Price: The company posted a 75.7% year-on-year increase in PAT, reaching Rs 585 crore for the quarter ending September 2024, compared to Rs 332.9 crore in the same period last year. Revenue from operations rose to Rs 2,756.8 crore, up from Rs 1,827.7 crore in the corresponding quarter of the previous year, marking a 50.8% YoY growth. This strong performance reflects significant gains in both profit and revenue over the past year.
Dr Reddy's Labs shares up 3% after Q2 results. What should investors do?
Dr. Reddy's Labs reported a 15% decline in Q2 net profit, despite a 17% rise in revenue driven by global generics. While analysts acknowledge the strong revenue momentum, opinions are divided on the stock's future prospects, with ratings ranging from 'Buy' to 'Sell'.
Titan shares fall 3% as Q2 numbers disappoint investors. Should you buy, sell, or hold?
Titan Share Price: Titan's shares dropped after the company announced its second quarter results. Profit declined by 23.1% compared to the same period last year. Total income, however, increased by 26%. Analysts have mixed opinions on the stock. Investec and Jefferies recommend holding, while Goldman Sachs maintains a buy rating. The company's performance was impacted by a reduction in customs duty.
GAIL Q2 Results: Profit rises 11% to Rs 2,672 crore, revenue up 3.5%
India’s largest natural gas marketer and transporter witnessed a 26% drop in operating profit in the gas marketing business during the quarter to Rs 1,329 crore. Operating profit in the gas transmission business increased 8% to Rs 1,403 crore.
Mazagon Dock Q2 Results: PAT soars 76% YoY to Rs 585 crore, revenue jumps 51%
Mazagon Dock Q2 Results FY 25: Mazagon Dock Shipbuilders recorded significant financial growth in the second quarter of 2024. The company's profit after tax soared by 75.7% compared to the same period last year. Revenue from operations also witnessed a substantial increase of 50.8%. This impressive performance was driven by a surge in EBITDA, reflecting the company's strong operational efficiency.
IRCTC shares fall 3% even as Q2 PAT rises 4% YoY
IRCTC reported a 4% rise in Q2 net profit to Rs 308 crore, driven by growth in catering and internet ticketing segments. Despite the profit increase, margins saw a slight dip. The company declared an interim dividend of Rs 4 per share. Following the results, IRCTC shares closed 2% lower on Monday.
NSE Q2 Results: Profit jumps 57% YoY to Rs 3,137 crore, revenue rises 24%
India's largest bourse National Stock Exchange (NSE), which is gearing up for its IPO next year, on Monday announced that its Q2 consolidated profit after tax jumped 57% year-on-year (YoY) to Rs 3,137 crore due to an 8% drop in expenses.
L&T Q2 Results: Cons PAT rises 5% YoY to Rs 3,395 crore, revenue jumps 21%
L&T Q2 Results: L&T reported consolidated revenue of Rs 61,555 crore for the quarter ending September 30, 2024, marking a 21% YoY growth, driven by accelerated progress across its Projects & Manufacturing (P&M) portfolio. This revenue exceeded ET Now’s estimate of Rs 57,622 crore. International revenues reached Rs 32,057 crore, making up 52% of total revenue, largely due to a strong international P&M order book, according to the company’s filing.
Maruti Suzuki shares rise 3% despite Q2 profit miss. Should you invest or steer clear?
Shares of Maruti Suzuki rose by 3% to Rs 11,389.75 despite a 17% drop in net profit for the September quarter. Sales included 463,834 domestic and 77,716 export vehicles. Analysts give mixed recommendations with UBS suggesting a 'Buy', Investec a 'Hold', and Nuvama optimistic about long-term growth.
Maruti Suzuki Q2 Results: Standalone profit slides 17% YoY to Rs 3,069 crore, misses estimates
Maruti Suzuki Q2 Results: Maruti Suzuki India reported a 17% drop in standalone net profit for the September quarter at Rs 3,069 crore. Revenue from operations saw a marginal increase to Rs 37,203 crore. The company's stock fell 6% following the announcement. Domestic vehicle sales declined, while export volumes grew.
Bharti Airtel Q2 Results: Net profit soars 168% YoY to Rs 3,593 crore, ARPU rises to Rs 233
Bharti Airtel Q2 Results: The company's revenue from operations for the quarter reached Rs 41,473 crore, marking a 12% increase from Rs 37,044 crore in the same quarter last year. The average revenue per user (ARPU) rose 15% year-on-year to Rs 233 from Rs 203 in Q2FY24. Consolidated net income (before exceptional items) increased by 32.2% YoY to Rs 3,911 crore.
Adani Power Q2 Results: Cons PAT declines 50% YoY to Rs 3,298 crore
Adani Power Q2 Results: In the year-ago period, revenue was Rs 6,594.17 crore. For the recent quarter, revenue from operations reached Rs 13,339 crore, up 3% from Rs 12,991 crore in the same quarter last year. Continuing revenue grew 20% YoY to Rs 28,517 crore in H1 FY25 and 10.8% YoY to Rs 13,465 crore in Q2 FY25, as per the company’s filing.
Sun Pharma Q2 Results: Profit rises 28% YoY to Rs 3,040 crore, beats estimates
Sun Pharmaceutical Q2 FY25 Results: Sun Pharma reported a 28% increase in consolidated net profit for Q2, reaching Rs 3,040 crore, up from Rs 2,375 crore last year. Revenue rose 9% YoY to Rs 13,291 crore, surpassing market estimates. EBITDA grew 24% YoY to Rs 3,939 crore, with a margin of 29.6%. Formulation sales in India increased 11% YoY to Rs 4,265 crore, representing 32% of total sales.
Cipla Q2 results preview: 3-6% revenue uptick seen, net profit may rise by up to 5.7%
Cipla is set to report a 3-6% revenue growth for the September quarter, as forecasted by four brokerages. The earnings for Q2FY25 will be announced on October 29, 2024. Estimates for net profit also show a potential increase of 4-5.7%. Different brokerages provided varying figures for revenue and profit expectations.
ICICI Bank shares jump 3% after Q2 results. Should you buy, sell or hold?
ICICI Bank’s shares jumped 3.14% after the bank posted a 14.5% increase in net profit for the September quarter. Net interest income rose 9.5% year-on-year. Experts maintain a 'Buy' rating on the stock, citing robust loan and deposit growth along with strong asset quality performance.
Q2 results today: YES Bank, ICICI Bank among 63 companies to announce earnings on Saturday
The second quarter earnings season sees 63 companies disclosing their July-September 2024 results. Key players like YES Bank, ICICI Bank, and IDFC First Bank are among them. ICICI Bank is expected to show an 8-11% rise in net interest income, while YES Bank might report up to a 115% increase in net profit.
IndusInd Bank Q2 results preview: PAT may fall 3% YoY; operating performance muted
IndusInd Bank's Q2 results are predicted to show a 3% YoY decline in PAT, primarily due to slow loan growth. While net interest income is expected to rise by 7% YoY, analysts highlight concerns over increased provisions and moderate margins. Loan and deposit growth slowed QoQ.
Schaeffler India Q3 Results: PAT grows marginally to Rs 236.41 crore
Schaeffler India on Wednesday said its consolidated Profit After Tax grew marginally to Rs 236.41 crore in the July-September quarter of this year, from Rs 232.76 crore a year ago.
Varun Beverages Q3 Results: PAT rises 22% YoY to Rs 629 crore, revenue up 24%
Varun Beverages, reported a 22.3% year-on-year increase in net profit, reaching Rs 628.83 crore for the second quarter ending September 2024. This compares to Rs 514 crore in the same period last year, with a 24.5% rise in profit for the nine months ending September 2024.
Jio Financial shares in focus on 3% YoY Q2 net profit jump
Jio Financial Share Price: Revenue from operations in the reported quarter stood at Rs 693.50 crore, up 14% over Rs 608.04 crore posted by the company in the corresponding quarter of the previous financial year.
ABB nudges profit guidance higher after Q3 beats forecasts
ABB, a Swiss engineering company, reported higher-than-expected operating profits in the third quarter. This success came from its electrification unit. The company raised its profitability outlook for the year but slightly downgraded its revenue growth expectations. The new CEO, Morten Wierod, started in August, following an operational overhaul by former CEO Bjorn Rosengen.
Reliance Retail Q2 Results: Profit rises 1.3% YoY to Rs 2,836 crore, revenue declines by 3.5%
Reliance Retail Q2 Results: Company experienced a 3.5% decline in revenue, reaching Rs 66,502 crore compared to Rs 68,937 crore in the same quarter last year. This dip was attributed to weaker demand in the fashion and lifestyle sector, along with a strategic focus on streamlining operations and adjusting its B2B approach to boost margins. Despite this, the retail arm still generated a substantial gross revenue of Rs 76,302 crore, though this figure also represents a 1.1% drop year-on-year.
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