Q2 Results Updates: L&T Finance Profit Climbs 19%; Jio Financial Services Profit Sees Slight Rise

Kesoram Industries Q2 Highlights (Consolidated, YoY)

• Net loss at Rs 70 crore versus loss of Rs 59 crore.

• Revenue at Rs 59 crore versus Rs 60 crore.

• Ebitda at Rs 11 crore versus Rs 16 crore.

L&T Finance Q2 Results: Key Earnings Highlights

• Net profit up 18.6% at Rs 689 crore versus profit of Rs 581 crore.

• Revenue up 15.6% to Rs 4,020 crore versus Rs 3,476 crore.

• NII up 18% at Rs 2,178 crore versus Rs 1,843 crore.

TCPL notes margin expansion in international business and unbranded business, whilst more price increases are around the corner.

Unbranded products grew at 19%, stated the company. The company also saw 50% growth in ecommerce, while quick commerce posted a significant growth.

Starbucks performance continues to remain muted said the company, citing traffic issues.

Source: Con call

Tejas Networks Q2 Results: Key Earnings Highlights

• Net profit at Rs 275 crore versus loss of Rs 12.6 crore.

• Revenue at Rs 2,811 crore versus Rs 396 crore.

• Ebitda at Rs 535 crore versus Rs 12.9 crore.

• Ebitda margin expanded to 19% compared to 3.3%.

Jio Financial Services Q2 Results: Key Earnings Highlights

• Net profit up 3% at Rs 689 crore versus profit of Rs 668 crore.

• Revenue up 14.1% to Rs 694 crore versus Rs 608 crore.

Jindal Saw Q2 Results: Key Earnings Highlights

• Net profit up 33.6% at Rs 475 crore versus profit of Rs 356 crore.

• Revenue up 1.9% to Rs 5,572 crore versus Rs 5,466 crore.

• Ebitda up 13.7% at Rs 914 crore versus Rs 804 crore.

• Ebitda margin expanded to 16.4% compared to 14.7%

ICICI Lombard announced an interim dividend of Rs 5.5 per equity share. The company has fixed Oct. 28 as a record date and Nov. 16 as a payout date.

ICICI Lombard Q2 Highlights (YoY)

• Net profit 20.2% up at Rs 694 crore versus Rs 577 crore

• Net premium income 16.7% up at Rs 5,026 crore versus Rs 4,306 crore

Mastek Q2 Highlights (Consolidated, QoQ)

• Net profit up 80% at Rs 129 crore versus Rs 71.5 crore.

• Revenue up 6.7% at Rs 867 crore versus Rs 813 crore.

• Ebit up 18.7% at Rs 123 crore versus Rs 104 crore.

• Margin at 14.2% versus 12.8%.

Oberoi Realty announced an interim dividend of Rs 2 per equity share. The company has fixed Nov. 4 as a record date and Nov. 14 as a payout date.

Tata Consumer Products Q2 Results: Key Earnings Highlights

• Net profit up 0.9% at Rs 367.21 crore versus profit of Rs 363.92 crore.

• Revenue up 12.9% to Rs 4,214.45 crore versus Rs 3,733.78 crore.

• Ebitda up 17% at Rs 626.29 crore versus Rs 537.09 crore.

• Ebitda margin expanded to 14.9% compared to 14.4%

Oberoi Realty Q2 Results: Key Earnings Highlights

• Net profit of Rs 589 crore versus profit of Rs 457 crore.

• Revenue up 8.4% to Rs 1,320 crore versus Rs 1,217 crore.

• Ebitda up 27.5% at Rs 814 crore versus Rs 638 crore.

• Ebitda margin expanded to 61.6% compared to 52.4%

MRPL Q2 Results: Key Earnings Highlights

• Net loss of Rs 696.9 crore versus profit of Rs 73.22 crore.

• Revenue up 5.5% to Rs 24,968 crore versus Rs 23,247 crore.

• Ebitda Loss of Rs 474 crore Ebitda of Rs 604 crore.

Zee Entertainment Q2 Highlights (Consolidated, YoY)

• Net Profit up 70.2% at Rs 209 crore versus Rs 123 crore.

• Revenue down 18% at Rs 2,001 crore versus Rs 2,438 crore.

• Ebitda down 3% at Rs 323 crore versus Rs 333 crore.

• Margin at 16.1% Vs 13.6%.

Note: The second quarter of fiscal 2024 saw an exceptional loss of Rs 119.8 crore and the second quarter of fiscal 2025 includes an exception gain of Rs 10.9 crore.

Re-appoints Punit Goenka as managing director and chief executive officer for five years, effective Jan. 1, 2025.

Hindustan Zinc Ltd.'s net profit rose during the second quarter of fiscal 2025, in line with analysts' estimates.

The integrated zinc producer's net profit increased 34.6% year-on-year to Rs 2,327 crore in the quarter-ended Sept. 30, 2024, according to an exchange filing on Friday. That compares with the Rs 2,251.3-crore consensus estimate of analysts polled by Bloomberg.

Q2 Highlights (Consolidated, YoY)

• Net Profit up 34.6% at Rs 2,327 crore versus Rs 1,729 crore.

• Revenue up 20.9% at Rs 8,252 crore versus Rs 6,791 crore.

• Ebitda up 30.6% to Rs 4,123 crore versus Rs 3,139 crore.

• Margin at 50% versus 46.2%

• The second quarter results include an one-time exceptional loss Of Rs 83 crore.

Leading real estate firm Oberoi Realty started the current fiscal on a positive note, as its revenue from operations expanded over 54% to Rs 1,405.16 crore in the June quarter against Rs 909.97 crore in the corresponding period in the preceding financial year.

The company's net profit in Q1FY25 grew more than 81% to Rs 584.51 crore from Rs 321.64 crore in Q1FY24.

Elecon Engineering Q2 Highlights (Consolidated, YoY)

• Net profit down 0.9% at Rs 87.7 crore versus Rs 88.6 crore.

• Revenue up 4.8% at Rs 508 crore versus Rs 485 crore.

• Ebitda down 5.5% at Rs 112 crore versus Rs 119 crore.

• Margin at 22.1% versus 24.5%.

Aether Industries Q2 Highlights (Consolidated, YoY)

• Net profit down 5.1% at Rs 34.8 crore versus Rs 36.7 crore.

• Revenue up 21% at Rs 199 crore versus Rs 164 crore.

• Ebitda up 16.3% at Rs 54 crore versus Rs 46 crore.

• Margin at 26.9% versus 28%.

Investors are also looking forward to the Q2 results of Jio Financial Services on Friday. The company's total revenue from operations for Q1FY25 increased by 0.89% to Rs 417.82 crore compared to Rs 414.13 crore in the corresponding quarter of the preceding fiscal.

In the first quarter, the company’s profit after tax decreased nearly 6% to Rs 312.63 crore against Rs 331.92 crore in the same period last year.

IT-enabled services provider Mastek is all set to announce its earnings report on Friday. In the first quarter of fiscal 2024–25, the company had reported a 12% year-on-year growth in consolidated revenue from operations at Rs 812.89 crore compared to Rs 725.25 crore in Q1FY24.

The IT firm's profit-after-tax, however, dropped over 2% to Rs 71.5 crore compared to Rs 73.53 crore in the year-ago period.

Analyst estimates show that Elecon Engineering is likely to report a net profit of Rs 6,381 crore for the quarter ended September, according to Bloomberg estimates.

Hindustan Zinc, a Vedanta Group company, is likely to clock a bottom line of Rs 2,251 crore and is expected to report a top line of Rs 7,899 crore, according to Bloomberg estimates.

ICICI Lombard, a Mumbai-based general insurance company, is estimated to report a profit of Rs 680 crore.

Oberoi Realty Ltd. is expected to report a revenue of Rs 1,292 crore and a profit of Rs 520 crore. The real-estate development company is likely to report earnings before interest, taxes, depreciation and amortisation at Rs 707 crore and Ebitda margin at 54.7%.

Jindal Saw Ltd. is likely to clock a bottom line of Rs 417 crore and top line of Rs 5,718 crore. The company is likely to report Ebitda at Rs 848 crore and Ebitda margin at 14.80%.

Analyst estimates show that Tata Consumer Products Ltd. is likely to report a net profit of Rs 343 crore and revenue of Rs 4,340 crore, according to Bloomberg estimates. It is likely to post an Ebitda of Rs 626 crore and a margin of 14.40%.

Elecon Engineering Co., Hindustan Zinc Ltd. and ICICI Lombard General Insurance Co. are among the top names that will announce their results on Friday for the second quarter of the current financial year.

Companies like Jio Financial Services Ltd., L&T Finance Ltd., Mangalore Refinery and Petrochemicals Ltd. and Tejas Networks Ltd. are also among the companies declaring their earnings on Friday for the second quarter of the fiscal.