Q2 Results Live Updates: Ambuja Cements Revenue Beat Estimates; Indian Bank Net Profit Up

Firstsource Solutions Q2 Highlights (Consolidated, QoQ)

• Net profit up 2% at Rs 138 crore versus Rs 135 crore

• Revenue up 8% at Rs 1,926 crore versus Rs 1,791 crore

• Ebit up 6% at Rs 208 crore versus Rs 197 crore

• Margin at 10.8% versus 11%

Sapphire Foods Q2 Highlights (Consolidated, YoY)

• Net loss of Rs 6.2 crore versus profit of Rs 15.2 crore

• Revenue up 8.2% at Rs 696 crore versus Rs 643 crore

• Ebitda down 2.7% at Rs 112 crore versus Rs 115 crore

• Margin at 16.1% versus 17.9%

Kalyani Steels Q2 Highlights (Consolidated, QoQ)

• Net profit up 29.1% at Rs 67.4 crore versus Rs 52.2 crore

• Revenue up 6.6% at Rs 492 crore versus Rs 461 crore

• Ebitda up 21.8% at Rs 91.9 crore versus Rs 75.4 crore

• Margin at 18.7% versus 16.3%

Indian Bank Q2 Highlights (Standalone, YoY)

• Net profit up 36% at Rs 2,706 crore versus Rs 1,988 crore

• Net interest income up 8% at Rs 6,194 crore versus Rs 5,740 crore

• Gross NPA at 3.48% versus 3.77% (QoQ)

• Net NPA at 0.27% versus 0.39% (QoQ)

CAMS Q2 Highlights (Consolidated, QoQ)

• Revenue up 10.2% at Rs 365 crore versus Rs 331 crore

• Net Profit up 13% at Rs 121 crore versus Rs 107 crore

• Ebit up 14.3% at Rs 152 crore versus Rs 132 crore

• Ebit margin at 41.6% versus 40.1%

Board approves interim dividend of Rs 25 per share.

"Strong infrastructure demand and ongoing needs from the housing and commercial sectors are anticipated to boost cement demand in H2FY25. The introduction of PMAY Urban Housing 2.0, with an allocation of Rs 11 lakh crore, along with Government’s continued focus on infrastructure development as the key to economic growth augurs well for cement sector. Strategic investments in roads, railways along with urban and commercial amenities, is poised to drive robust growth. We expect demand during FY25 to grow in the range of 4-5%."

(Source: press release)

• Revenues grew despite weak cement pricing environment pan- India

• Ebitda impacted by 71% annual rise in 'purchase of stock in trade'

• Power and fuel costs down 17% year on year

• Freight expenses down 2% on annual basis

• Sales up 9% YoY to 14.2 million tonnes

• Q2 volumes were the highest volume in a Q2 series in last 5 years

• Volume growth of 9% year-on-year, at 14.2 million tonnes, highest volume in Q2 series in the last five years.

• Highest quarterly revenue of Rs 7,516 crore, up 1%.

• Operating Ebitda at Rs 1,111 crore which is Rs 780 per million tonnes. Ebitda margin at 14.8% which is highest amongst peers.

(Source: Press Release)

Arvind Q2 Highlights (Consolidated, YoY)

• Net Profit down 25.4% at Rs 62.8 crore versus Rs 84.2 crore.

• Revenue up 13.9% at Rs 2,188 crore versus Rs 1,922 crore

• Ebitda up 7.3% at Rs 221 crore versus Rs 206 crore

• Margin at 10.1% versus 10.7%

Ambuja Cements Q2 Highlights (Consolidated, YoY)

• Net profit down 22% at Rs 500.66 crore vs Rs 643.84 crore (Bloomberg estimate: Rs 458.5 crore)

• Revenue up 6% at Rs 4213.24 crore vs Rs 3,970 crore. (Bloomberg estimate: Rs 3,923.5 crore)

• Ebitda down 12.02% at Rs 680.52 crore vs Rs 773.43 crore (Bloomberg estimate: Rs 522.86 crore)

• Margin at 16.5% versus 19.5% (Bloomberg estimate: 13.3%)

• Net profit up 58.5% at Rs 1,122 crore versus Rs 533 crore

• Revenue up 71.9% at Rs 2,846 crore versus Rs 1,655 crore

Ajmera Realty Q2 Highlights ( Consolidated, YoY)

• Net Profit up 58.5% at Rs 36.3 crore vs Rs 22.9 crore

• Revenue up 37.6% at Rs 200 crore vs Rs 145 crore

• EBITDA up 60% at Rs 60.3 crore vs Rs 37.7 crore

• Margin at 30.2% vs 25.9%

• Net profit up 34.1% at Rs 30.7 crore versus Rs 22.9 crore

• Revenue up 9.2% at Rs 154 crore versus Rs 141 crore

• EBITDA up 50.8% at Rs 32.6 crore versus Rs 21.6 crore

• Margin at 21.2% versus 15.3%

Sun Pharma is expected to report a net profit of Rs 2,932 crore in the second quarter, according to analysts' consensus estimates compiled by Bloomberg. Revenue may come at Rs 13,321 crore.

On the operating side, Ebitda is likely to be Rs 3,753 crore, while the margin can be 28%.

Ambuja Cements is expected to report a net profit of Rs 510 crore in the second quarter, according to analysts' consensus estimates compiled by Bloomberg. Revenue may come at Rs 7,171 crore.

On the operating side, Ebitda is likely to be Rs 930 crore, while the margin can be 13%.

Bharti Airtel is expected to report a net profit of Rs 4,398 crore in the second quarter, according to analysts' consensus estimates compiled by Bloomberg. Revenue may come at Rs 41,295 crore.

On the operating side, Ebitda is likely to be Rs 21,757 crore, while the margin can be 52.7%.

Monday will be another busy day as dozens of companies are slated to report their second quarter financial results. The major ones are Bharti Airtel Ltd., Ambuja Cements Ltd., Adani Power Ltd., Indian Oil Corp., Punjab National Bank and Sun Pharma Ltd.

Here is the full list of companies:

Aditya Birla Sun Life AMC, Adani Power, ADF Foods, Ajanta Pharma, Ajmera Realty & Infra India, Ambuja Cements, Anant Raj, Arvind, Arvind Fashions, Bharti Airtel, Bharti Hexacom, Bharat Heavy Electricals, CAMS, CarTrade Tech, Dalmia Bharat Sugar and Industries, Elantas Beck India, Federal Bank, Firstsource Solutions, Gujarat Ambuja Exports, Gallantt Ispat, Genesys International Corporation, Gillette India, Greenpanel Industries, Greenply Industries, Heidelbergcement India, Ideaforge Technology, IGL, Indegene, Indian Bank, Indian Oil Corporation, JBM Auto, Jain Irrigation Systems, J Kumar Infraprojects, JSW Infrastructure, KFin Technologies, Kalpataru Projects International, Kalyani Steels, LIC Housing Finance, Maharashtra Seamless, Motilal Oswal Financial Services, NESCO, NILKAMAL, NOCIL, Northern Arc Capital, Paradeep Phosphates, Paras Defence and Space Technologies, Pfizer, PTC India Financial Services, Punjab National Bank, Poly Medicure, Quess Corp, RailTel Corporation of India, Restaurant Brands Asia, Shree Renuka Sugars, Sapphire Foods India, Shaily Engineering Plastics, SIS, Skipper, Spandana Sphoorty Financial, Stove Kraft, Sudarshan Chemical Industries, Sumitomo Chemical India, Sun Pharmaceutical Industries, Supriya Lifescience, Tata Technologies, Tamilnad Mercantile Bank, Unicommerce Esolutions, Vesuvius India, Welspun Living.