Q2 Results Updates: Grasim Industries Profit Falls 9%; Hero MotoCorp Profit Rises 14%
On Thursday, as many as 1,207 companies were scheduled to declare their second-quarter results.
KEY HIGHLIGHTS
Q2 Results Live: Lemon Tree Hotels Profit Rises 33%, Beats Estimates
Q2 Results Live: Glenmark Pharmaceuticals Swings To Profit; Meets Estimates
Q2 Results Live: Delhivery Profit Falls 81%
Q2 Results Live: Honasa Consumer Reports Surprise Loss Of Rs 19 Crore
Q2 Results Live: Muthoot Finance Profit Rises 20.6%
Q2 Results Live: The Bombay Burmah Trading Corporation Profit Rises 25%
The Bombay Burmah Trading Corporation Q2 Highlights (Consolidated, YoY)
Revenue up 5.2% to Rs 4,760.84 crore versus Rs 4,523.93 crore.
Net profit up 25% to Rs 515.66 crore versus Rs 412.38 crore.
Ebitda down 16% to Rs 724.07 crore versus Rs 859.25 crore.
Margin at 15.2% versus 19.0%.
Q2 Results Live: Samman Capital Reports Net Loss Of Rs 2,761 Crore
Samman Capital Q2 Highlights (Consolidated, YoY)
Total income rises 8.2% at Rs 2,425 crore versus Rs 2,242 crore.
Net loss of Rs 2,761 crore versus profit of Rs 298 crore.
Q2 Results Live: Balaji Amines Profit Rises 14%
Balaji Amines Q2 Highlights (Consolidated, YoY)
Revenue down 8.8% to Rs 346.88 crore versus Rs 380.54 crore.
Net profit up 14% to Rs 41.45 crore versus Rs 36.37 crore.
Ebitda up 13% to Rs 60.68 crore versus Rs 53.78 crore.
Margin at 17.5% versus 14.1%.
Q2 Results Live: Ashapura Minechem Profit Falls 26.7%
Ashapura Minechem Q2 Highlights (Consolidated, YoY)
Revenue rises 9% to Rs 604 crore versus Rs 554 crore.
Ebitda doubles to Rs 64.1 crore versus Rs 30.4 crore.
Ebitda margin at 10.6% vs 5.5%.
Net profit down 26.7% to Rs 42.6 crore versus Rs 58.2 crore.
Q2 Results Live: Grasim Industries Profit Falls 9%, Misses Estimates
Grasim Industries Q2 Highlights (Standalone, YoY)
Revenue up 18.3% to Rs 7,623.33 crore versus Rs 6,442.02 crore (Estimate: Rs 7,489 crore).
Net profit down 9% to Rs 720.86 crore versus Rs 794.74 crore (Estimate: Rs 859 crore).
Ebitda down 45% to Rs 325.24 crore versus Rs 593.59 crore (Estimate: Rs 428 crore).
Margin at 4.3% versus 9.2% (Estimate: 5.7%).
Q2 Results Live: Hero MotoCorp Crossed 6,000 Monthly Sales Of EVs In August
Hero MotoCorp crossed 6,000 monthly sales of electric vehicle units in August for the first time with retail market share grown to over 5% according to VAHAN.
Source: Press Release
Q2 Results Live: Hero MotoCorp Reports Highest Quarterly Revenue From Part, Accessories, And Merchandising
Hero MotoCorp reported its highest-ever quarterly revenue from part, accessories, and merchandising at Rs 1,456 crore.
Source: Press Release
Q2 Results Live: Hero MotoCorp Profit Rises 14%, Meets Estimates
Hero MotoCorp Q2 Highlights (Standalone, YoY)
Revenue up 10.8% to Rs 10,463.21 crore versus Rs 9,445.42 crore (Estimate: Rs 10,213 crore).
Net profit up 14% to Rs 1,203.54 crore versus Rs 1,053.81 crore (Estimate: Rs 1,152 crore).
Ebitda up 14% to Rs 1,515.89 crore versus Rs 1,328.29 crore (Estimate: Rs 1,482 crore).
Margin at 14.5% versus 14.1% (Estimate: 14.5%).
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Q2 Results Live: Sobha Profit Rises 75%
Sobha Q2 Highlights (Consolidated, YoY)
Revenue up 25.9% to Rs 933.59 crore versus Rs 741.24 crore.
Net profit up 75% to Rs 26.09 crore versus Rs 14.95 crore.
Ebitda up 2% to Rs 77.12 crore versus Rs 75.45 crore.
Margin at 8.3% versus 10.2%.
Q2 Results Live: Lemon Tree Hotels Profit Rises 33%, Beats Estimates
Lemon Tree Hotels Q2 Highlights (Consolidated, YoY)
Revenue up 24% to Rs 284.37 crore versus Rs 229.4 crore (Estimate: Rs 278 crore).
Net profit up 33% to Rs 35.04 crore versus Rs 26.39 crore (Estimate: Rs 29 crore).
Ebitda up 26% to Rs 130.75 crore versus Rs 104.07 crore (Estimate: Rs 125 crore).
Margin at 46% versus 45.4% (Estimate: 44.90%).
Q2 Results Live: Glenmark Pharmaceuticals Swings To Profit; Meets Estimates
Glenmark Pharmaceuticals Q2 Highlights (Consolidated, YoY)
Revenue up 7.1% to Rs 3,433.80 crore versus Rs 3,207.38 crore (Estimate: Rs 3,492 crore).
Net profit at Rs 354.49 crore versus loss of Rs 61.56 crore (Estimate: Rs 352 crore).
Ebitda up 30% to Rs 601.92 crore versus Rs 462.28 crore (Estimate: Rs 654 crore).
Margin at 17.5% versus 14.4% (Estimate: 18.7%).
Q2 Results Live: Honda India Power Product Profit Falls 73%
Honda India Power Q2 Highlights (Consolidated, YoY)
Revenue down 37.7% to Rs 177.20 crore versus Rs 284.57 crore.
Net profit down 73% to Rs 8.54 crore versus Rs 31.19 crore.
Ebitda down 80% to Rs 7.00 crore versus Rs 35.23 crore.
Margin at 4.0% versus 12.4%.
Q2 Results Live: Ratnamani Metals & Tubes Profit Falls 40%
Ratnamani Metals & Tubes Q2 Highlights (Consolidated, YoY)
Revenue falls 14.1% to Rs 971 crore versus Rs 1,131 crore (Estimate: Rs 1,104 crore).
Ebitda falls 37.3% to Rs 154 crore versus Rs 245 crore (Estimate: Rs 130.2 crore).
Ebitda margin at 15.8% versus 21.6% (Estimate: Rs 152 crore).
Net profit falls 39.5% at Rs 99.4 crore versus Rs 164 crore (Estimate: 13.70%).
Q2 Results Live: Ahluwalia Contracts (India) Profit Falls 30%
Ahluwalia Contracts (India) Q2 Highlights (Consolidated, YoY)
Revenue up 12.2% to Rs 1,011.48 crore versus Rs 901.55 crore.
Net profit down 30% to Rs 38.67 crore versus Rs 55.07 crore.
Ebitda down 18% to Rs 73.43 crore versus Rs 89.77 crore.
Margin at 7.3% versus 10%.
Q2 Results Live: Swan Energy Profit Falls 60%
Swan Energy Q2 Highlights (Consolidated, YoY)
Revenue falls 15.6% to Rs 1,032 crore versus Rs 1,223 crore.
Ebitda falls 53.3% to Rs 120.1 crore versus Rs 257 crore.
Margin at 11.6% versus 21%.
Net profit falls 59.5% to Rs 67.1 crore versus Rs 166 crore.
Q2 Results Live: Delhivery's Part Truckload Revenue Grew 27%
Delhivery's express parcel segment revenue saw a 7% year-on-year rise to Rs 1,298 crore in the second quarter, while the shipment saw a 3% year-on-year growth to 185 million.
Part truckload revenue grew 27% year-on-year to Rs 474 crore, with its volumes seeing a 23% jump to 427k MT in the quarter ended September.
Supply Chair Services segment on the other hand saw a dip in revenues to Rs 197 crore sequentially due to client business seasonality. However, the revenue grew 21% year-on-year.
The company said that the pipeline continues to be strong in the segment, with multiple active dialogues across electricals, FMCG, e-commerce, auto and other industry verticals.
Truckload service revenue grew 5% year-on-year to Rs 158 crore, while the revenue from Cross Border services grew 43% year-on-year to Rs 59 crore.
Source: Press Release
Q2 Results Live: Delhivery Profit Falls 81%
Delhivery Q2 Highlights (Consolidated, QoQ)
Revenue up 0.8% to Rs 2,189.73 crore versus Rs 2,172.30 crore.
Net profit down 81% to Rs 10.20 crore versus Rs 54.36 crore.
Ebitda down 41% to Rs 57.26 crore versus Rs 97.06 crore.
Margin at 2.6% versus 4.5%.
Q2 Results Live: Sarda Energy & Minerals Profit Rose 36%
Sarda Energy & Minerals Q2 Highlights (Consolidated, YoY)
Revenue up 15.7% to Rs 1,158.66 crore versus Rs 1,001.36 crore.
Net profit up 36% to Rs 203.49 crore versus Rs 149.21 crore.
Ebitda up 39% to Rs 337.29 crore versus Rs 242.41 crore.
Margin at 29.1% versus 24.2%.
Q2 Results Live: MTNL Net Loss Widens To Rs 890.28 Crore
Mahanagar Telephone Nigam Q2 Highlights (Consolidated, QoQ)
Revenue down 5.2% to Rs 174.23 crore versus Rs 183.85 crore.
Net loss at Rs 890.28 crore versus loss of Rs 773.46 crore.
Ebitda loss at Rs 119.29 crore versus loss of Rs 110.93 crore.
Q2 Results Live: Sanghvi Movers Profit Falls 22%
Sanghvi Movers Q2 Highlights (Consolidated, YoY)
Revenue up 11.5% to Rs 156.13 crore versus Rs 139.98 crore.
Net profit down 22% to Rs 29.12 crore versus Rs 37.20 crore.
Ebitda down 15% to Rs 73.15 crore versus Rs 86.10 crore.
Margin at 46.9% versus 61.5%.
Q2 Results Live: Avanti Feeds Profit Rises 47%, Meets Estimates
Avanti Feeds Q2 Highlights (Consolidated, YoY)
Revenue up 6% to Rs 1,355.09 crore versus Rs 1,278.49 crore (Estimate: Rs 1,379 crore).
Net profit up 47% to Rs 121.48 crore versus Rs 82.73 crore (Estimate: Rs 127.4 crore).
Ebitda up 44% to Rs 135.73 crore versus Rs 93.98 crore (Estimate: Rs 166 crore).
Margin at 10% versus 7.4% (Estimate: 12%).
Q2 Results Live: Honasa Consumers Younger Brands See 30% Growth
Honasa Consumer's younger brands like The Derma Co., Aqualogica, BBlunt, and Dr. Sheth’s achieved more than 30% year-to-date growth in both quarters of the year the company said in an exchange filing.
Focus categories that include face washes, sunscreens and face serums are growing at 28% year-on-year growth in first half of this year (adjusted for inventory correction) and continuously gaining market share. They currently drive nearly 50% of the business.
Source: Press Release
Q2 Results Live: Honasa Consumer Reports Surprise Loss Of Rs 19 Crore
Honasa Consumer Q2 Highlights (Consolidated, YoY)
Revenue down 6.9% to Rs 461.82 crore versus Rs 496.10 crore (Estimate: Rs 510 crore).
Net loss at Rs 18.58 crore versus profit of Rs 29.44 crore (Estimate: Rs 6 crore).
Ebitda loss at Rs 30.71 crore versus Ebitda profit of Rs 40.20 crore (Estimate: Rs 3.3 crore).
Q2 Results Live: Muthoot Finance Profit Rises 20.6%
Muthoot Finance Q2 Highlights (Consolidated, YoY)
Total Income 36.5% to Rs 4,957 crore versus crore Rs 3,632 crore.
Net profit rises 20.6% to Rs 1,321 crore versus crore Rs 1,095 crore.
Approves additional infusion of Rs 500 crore in its arm Muthoot Money.
Q2 Results Live: Crompton Greaves Consumer Electricals Profit Rises 27%
Crompton Greaves Consumer Electricals Q2 Highlights (Consolidated, YoY)
Revenue up 6.4% to Rs 1,896.01 crore versus Rs 1,782.27 crore.
Net profit up 27% to Rs 128.07 crore versus Rs 100.87 crore.
Ebitda up 17% to Rs 203.42 crore versus Rs 174.52 crore.
Margin at 10.7% versus 9.8%.
Q2 Results Live: ITI Net Loss Narrows To Rs 70.33 Crore, Revenue Quadruples
ITI Q2 Highlights (Consolidated, YoY)
Revenue up 312.3% to Rs 1,016.20 crore versus Rs 246.47 crore.
Net loss at Rs 70.33 crore versus loss of Rs 126.01 crore.
Ebitda loss at Rs 8.58 crore versus Rs 52.79 crore.
Q2 Results Live: Tariff Increases Are Required And Will Happen In Due Course, Says Vodafone Idea CEO
Tariff increases are required and will happen in due course, said Akshaya Moondra, chief executive officer at Vodafone Idea.
"This, however, is not possible on entry level plans," Moondra said. He further said that during the last price increase, the increase was about 10% at entry level and about 20% at higher plans.
According to him the affordability at higher level exists, but it is for the industry to calibrate it.
Source: Earnings Call
Q2 Results Live: Vodafone Idea ARPU Growth Average
The Average Revenue Per User growth was average in the second quarter of this fiscal. According to Chief Executive Officer, Akshaya Moondra some of the customers are sticking to the old prices and have refused to upgrade their plans.
He further added that some customers have not come to the point of renewal as they had long validity plans.
Source: Earnings Call
Q2 Results Live: E.I.D. - Parry (India) Profit Falls 24%
E.I.D. - Parry (India) Q2 Highlights (Consolidated, YoY)
Revenue up 3% to Rs 9,330.35 crore versus Rs 9,059.48 crore.
Net profit down 24% to Rs 591.66 crore versus Rs 781.85 crore.
Ebitda down 8% to Rs 971.71 crore versus Rs 1,057.47 crore.
Margin at 10.4% versus 11.7%.
Q2 Results Live: Surya Roshni Profit Falls 55%, Announces Bonus Shares
Surya Roshni Q2 Highlights (Consolidated, YoY)
Revenue down 20.2% to Rs 1,528.89 crore versus Rs 1,915.73 crore.
Net profit down 55% to Rs 34.16 crore versus Rs 76.01 crore.
Ebitda down 45% to Rs 76.23 crore versus Rs 137.41 crore.
Margin at 5.0% versus 7.2%.
Announces 1:1 bonus issue of shares
Q2 Results Live: Vodafone Idea Looking At Rs 80 Billion Capex In The Second Half Of This Fiscal
Vodafone Idea is looking at a capex of Rs 80 billion in the next half of the year. This is however only a speculation at this stage said Chief Executive Officer, Akshaya Moondra.
He further added that as the telecom company is making more investments and coming out of subscriber losses. it expects to turn around this trajectory by the end of this financial year.
Source: Earnings Call
Q2 Results Live: Vodafone Idea Has Rs 136.2 Billion Cash In Bank Balance
While Vodafone Idea remains actively engaged with lenders for debt-raise, the company has Rs 136.2 billion cash in bank balance after the equity funding. This according to Chief Executive Officer, Akshaya Moondra is more than sufficient for the company's capex plans.
Source: Earnings Call
Q2 Results Live: Vodafone Idea Sees Dip In 4G/5G Subscribers
Vodafone Idea has seen a slight dip in its subscribers said company Chief Executive Officer, Akshaya Moondra. However, the telecom company has increased the customer base in the postpaid segment.
He further added that the 4G population coverage is expected to go up to 1.1 billion by March 2025.
It will take a couple of quarters for the company to see the full impact of July tariff hikes, Moondra added.
Source: Earnings Call
Q2 Results Live: Vodafone Idea Concludes $3.6 Billion Deal For Network Supply With Nokia, Ericsson, Samsung
Vodafone Idea has concluded $3.6 billion deal for supply of network equipment over a period of 3 years with Nokia, Ericsson and Samsung, said company Chief Executive Officer, Akshaya Moondra.
Source: Earnings Call
Q2 Results Live: Vodafone Idea Wireless Broadband Consumer Base Has Increased
Vodafone Idea's wireless broadband consumer base has increased considerably said company Chief Executive Officer, Akshaya Moondra.
He also said that the digital India programme has been a significant catalyst.
Moondra also said that further tariff hikes are needed for the industry,
Source: Earnings Call
Q2 Results Live: Schnelder Electric Infrastructure Profit Rises 27%
Schnelder Electric Infrastructure Q2 Highlights (YoY)
Revenue up 21% to Rs 599.71 crore versus Rs 495.81 crore.
Net profit up 27% to Rs 54.27 crore versus Rs 42.86 crore.
Ebitda up 18% to Rs 74.20 crore versus Rs 62.63 crore.
Margin at 12.4% versus 12.6%.
Q2 Results Live: JTEKT Profit Falls 35%
JTEKT Q2 Highlights (YoY)
Revenue up 3.7% to Rs 605.31 crore versus Rs 583.88 crore.
Net profit down 35% to Rs 19.48 crore versus Rs 30.16 crore.
Ebitda down 20% to Rs 47.26 crore versus Rs 59.17 crore.
Margin at 7.8% versus 10.1%.
Q2 Results Live: Global Health Profit Rises 5%
Global Health Q2 Highlights (Consolidated, YoY)
Revenue up 12.5% to Rs 956.56 crore versus Rs 850.45 crore.
Net profit up 5% to Rs 130.82 crore versus Rs 125.16 crore.
Ebitda up 4% to Rs 228.30 crore versus Rs 219.36 crore.
Margin at 23.9% versus 25.8%.
Q2 Results Live: West Coast Paper Mills Profit Falls 54%
West Coast Paper Mills Q2 Highlights (Consolidated, YoY)
Revenue down 12.5% to Rs 1,044.82 crore versus Rs 1,193.84 crore.
Net profit down 54% to Rs 100.56 crore versus Rs 218.54 crore.
Ebitda down 54% to Rs 142.06 crore versus Rs 310.20 crore.
Margin at 13.6% versus 26.0%.
Q2 Results Live: Tega Industries Profit Falls 85%
Tega Industries Q2 Highlights (Consolidated, YoY)
Revenue down 6.4% to Rs 353.30 crore versus Rs 377.46 crore.
Net profit down 85% to Rs 7.22 crore versus Rs 47.36 crore.
Ebitda down 58% to Rs 34.35 crore versus Rs 81.70 crore.
Margin at 9.7% versus 21.6%.
Q2 Results Live: Som Distilleries Net Profit Rises 25.9%
Som Distilleries Q2 Highlights (Consolidated, YoY)
Revenue up 23% at Rs 290 crore versus Rs 248 crore.
Ebitda loss of Rs 3.1 crore versus profit of Rs 27.2 crore.
Net profit up 25.9% at Rs 18.7 crore versus Rs 14.9 crore.
Q2 Results Live: Bharat Dynamics Revenue Falls 11.5%
Bharat Dynamics Q2 Highlights (YoY)
Revenue down 11.5% at Rs 545 crore versus Rs 616 crore.
Ebitda down 25.5% at Rs 99.7 crore versus Rs 134 crore.
Ebitda margin at 18.3% versus 21.7%.
Net profit down 16.3% at Rs 123 crore versus Rs 147 crore.
Q2 Results Live: NAVA's Net Profit Rises 71.8%
NAVA Q2 Highlights (Consolidated, YoY)
Revenue up 2.3% at Rs 900 crore versus Rs 922 crore.
Ebitda up 15.2% at Rs 414 crore versus Rs 359 crore.
Margin at 45.9% versus 38.9%.
Net profit up 71.8% at Rs 332 crore versus Rs 193 crore.
Q2 Results Live: IPCA Labs' Net Profit Rises 58%
IPCA Labs Q2 Highlights (Consolidated, YoY)
Revenue up 15.8% at Rs 2,355 crore versus Rs 2,034 crore.
Ebitda up 22.8% at Rs 442 crore versus Rs 360 crore.
Margin at 18.8% versus 17.7%.
Net profit up 58% at Rs 229 crore versus Rs 145 crore.
Q2 Results Live: HAL Net Profit Rises 22%
Hindustan Aeronautics Q2 Highlights (Consolidated, YoY)
Revenue up 6% at Rs 5,976 crore versus Rs 5,636 crore.
Ebitda up 7.4% at Rs 1,640 crore versus Rs 1,528 crore.
Margin at 27.4% versus 27.1%.
Net profit up 22% at Rs 1,510 crore versus Rs 1,237 crore.
Q2 Results Live: Bharat Forge Net Profit Rises 13.6%
Bharat Forge Q2 Highlights (Consolidated, YoY)
Revenue down 2.3% at Rs 3,689 crore versus Rs 3,774 crore.
Ebitda up 4.2% at Rs 647 crore versus Rs 621 crore.
Margin at 17.5% versus 16.5%.
Net profit up 13.6% at Rs 243 crore versus Rs 214 crore.
Q2 Results Live: Kirloskar Industries Revenue Rises 7%
Kirloskar Industries Q2 Highlights (Consolidated, YoY)
Revenue up 7% at Rs 1,688 crore versus Rs 1,578 crore.
Ebitda down 19.6% at Rs 212 crore versus Rs 263 crore.
Margin at 12.5% versus 17%.
Net profit up 0.4% at Rs 92 crore versus Rs 91.2 crore.
Q2 Results Live: Earnings Estimates Of Major Companies Today
Hero MotoCorp Ltd. will release standalone earmnings and is likely to report a net profit of Rs 1,152 crore and revenue of Rs 10,213 crore. On the operating side, Hero MotoCorp may see an Ebitda of Rs 1,482 crore and a margin of 14.5%.
Hindustan Aeronautics Ltd. is expected to announce a profit of Rs 1,337 crore with a revenue of Rs 6,138 crore and an Ebitda of Rs 1,637 crore, reflecting a margin of 26.7%.
Glenmark Pharmaceuticals Ltd. is anticipated to post a standalone net profit of Rs 352 crore and revenue of Rs 3,492 crore. The company's earnings before interest, taxes, depreciation, and amortisation are expected at Rs 654 crore, translating to a margin of 18.7%.
Bharat Forge Ltd. is expected to report a net profit of Rs 3,378 crore and revenue of Rs 4,109 crore. On the operating side, Bharat Forge may see an Ebitda of Rs 748 crore and a margin of 18.2%.
Q2 Results Live: Hero MotoCorp, Lemon Tree Hotels, HAL To Report Earnings Today
Hero MotoCorp Ltd., Lemon Tree Hotels Ltd., Hindustan Aeronautics Ltd., Glenmark Pharmaceuticals Ltd. and Bharat Forge Ltd. will be among the companies in focus on Thursday, as they announce their earnings for the quarter ended Sept. 30, 2024.
Hero MotoCorp Ltd. will release standalone earnings and is likely to report a net profit of Rs 1,152 crore and revenue of Rs 10,213 crore. On the operating side, Hero MotoCorp may see an Ebitda of Rs 1,482 crore and a margin of 14.5%.
Hindustan Aeronautics Ltd. is expected to announce a profit of Rs 1,337 crore, with a revenue of Rs 6,138 crore and an Ebitda of Rs 1,637 crore, reflecting a margin of 26.7%.
Other notable companies announcing earnings on Thursday include Mamaearth brand owner Honasa Consumers Ltd., Crompton Greaves Ltd., Ipca Laboratories Ltd., and Nava Bharat Ventures Ltd.
On Thursday, as many as 1,207 companies will declare their second-quarter results.
