Q2 Results Updates: KEI Industries Profit Rises 10%; Rallis India Revenue Rises 12%
PVR Inox posted a loss of Rs 11.8 crore, compared to an estimated profit of Rs 28 crore.
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Single core and multi core flexible cables manufactured by KEI Industries Ltd.
(Image Source: Company website).
KEI Industries To Raise Up To Rs 2,000 Crore
KEI Industries board on Tuesday approved fund raise of Rs 2,000 crore through Qualified Institutions Placement. This is subject to approval from shareholders.
KEI Industries Profit Rises 10%
Revenue up 17.2% to Rs 2,279.64 crore versus Rs 1,944.91 crore.
Net Profit up 10% to Rs 154.81 crore versus Rs 140.21 crore.
Ebitda up 9% to Rs 220.60 crore versus Rs 202.19 crore.
Margin at 9.7% versus 10.4%.
Rallis India Net Profit Jumps 20%
Revenue up 11.5% to Rs 928 crore versus Rs 832 crore.
Net Profit up 20% to Rs 98 crore versus Rs 82 crore.
Ebitda up 25% to Rs 166 crore versus Rs 133 crore.
Margin at 17.9% versus 16.0%.
KEI Industries Shares Closes Higher Before Earnings
The shares of KEI Industries closed higher on Tuesday. The shares rose as much as 3.18% during the day to Rs 4,725 apiece on the NSE. The stock closed 2.43% higher at Rs 4,690.65 per share. This compares with a 0.28% decline in the benchmark Nifty 50. It has risen 74.73% in the last 12 months and 46.92% year-to-date.
DB Corp Q2 Earning Key Highlights (Cons, YoY)
Revenue falls 4.61% to Rs 559 crore versus Rs 586 crore.
Ebitda falls 20.37% to Rs 120.69 crore versus Rs 151.57 crore.
Ebitda margin down 427 bps at 21.59% versus 25.86%.
Net profit down 17% at Rs 83 crore versus Rs 100 crore.
HDFC AMC Q2 Earning Key Highlights (Cons, YoY)
Net profit up 32% At Rs 577 crore versus Rs 437 crore.
Total income up 38% At Rs 1,058 crore versus Rs 765 crore.
HDFC Life Shares Fall After Second Quarter Earnings
Shares of HDFC Life Insurance Ltd. fell after the company reported a 15% rise in its net profit for the quarter ended September.
The stock fell as much as 2.62% during the day to Rs 721.2 apiece on the NSE. It was trading 2.4% lower at Rs 722.2 apiece, compared to a 0.27% advance in the benchmark Nifty 50 as of 2:34 p.m.
It has risen 14% during the last 12 months and has advanced by 11% on a year-to-date basis. The relative strength index was at 52.
Twenty seven out of the 32 analysts tracking the company have a 'buy' rating on the stock, four suggest a 'hold' and one has a 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 6%.
HDFC Life Q2 Earning Key Highlights
Net profit up 15% at Rs 433 crore versus Rs 377 crore (YoY).
Net premium income up 12% at Rs 16,570 crore versus Rs 14,756 crore (YoY).
Solvency ratio at 181% versus 186% (QoQ).
13th month persistency falls to 82.5% from 84% (YoY).
Value of new business up 17% at Rs 938 crore (YoY).
Value of new business margin at 24.3% versus 25.1% (QoQ)
HDFC AMC, HDFC Life, KEI Industries — Earnings Estimates
HDFC Asset Management Co., HDFC Life Insurance Co. and KEI Industries Ltd. are among the top names that will announce their results on Tuesday for the second quarter of the current financial year.
Analyst estimates show that HDFC AMC is likely to report a net profit of Rs 606 crore and HDFC Life is likely to post a Rs 420-crore profit for the quarter ended Sept. 30.
KEI Industries is likely to clock a bottom line of Rs 167 crore and Rs 2,266 crore in top line, according to Bloomberg estimates. The company is likely to report earnings before interest, taxes, depreciation and amortisation at Rs 240 crore and Ebitda margin at 10.6%.
Newgen Software Technologies Ltd. is expected to report a top line of Rs 358 crore and a bottom line of Rs 58 crore. It is likely to post an Ebitda of Rs 63 crore and Ebitda margin at 17.60%, according to Bloomberg estimates.
Newgen Software Technologies Q2 Earning Key Highlights (Consolidated, QoQ)
Revenue rose 15% to Rs 361 crore compared to Rs 315 crore
EBIT rose 88% to Rs 75 crore compared to Rs 40 crore
EBIT Margin rose 810 basis points to 20.8% compared to 12.7%
Net Profit rose 48% to Rs 70 crore compared to Rs 48 crore
Bank Of Maharashtra Q2 Results
Net Profit rises 44% to Rs 1,327 crore versus Rs 920 crore (YoY).
NII rises 15% to Rs 2,807 crore versus Rs 2,432 crore (YoY).
Gross NPA At 1.84% versus 1.85% (QoQ).
Net NPA flat at 0.2% (QoQ).
PVR Inox Q2 Results (Consolidated, YoY)
Revenue down 18.9% at Rs 1,622 crore versus Rs 2,000 crore. (Bloomberg estimate: Rs 1,634 crore)
Ebitda falls 32.2% to Rs 479 crore versus Rs 707 crore. (Bloomberg estimate: Rs 490 crore)
Ebitda margin At 29.5% versus 35.3% (Bloomberg estimate: 30%)
Net loss of Rs 11.8 crore versus Rs 166 crore net profit. (Bloomberg estimate: Rs 28 crore.)
Q2 Results Live: HDFC AMC, HDFC Life, KEI Industries To Report Earnings Soon
HDFC Asset Management Co., HDFC Life Insurance Co., and KEI Industries Ltd. are among the top companies that will announce their second-quarter results on Tuesday.
Other companies, including Coromandel Agro Products & Oils Ltd., Darshan Orna Ltd., DB Corp., DMR Hydroengineering & Infrastructures Ltd., GM Polyplast Ltd., Gujarat Hotels Ltd., Lactose India Ltd., Bank of Maharashtra, Morarka Finance Ltd., and MRP Agro Ltd., will also report their earnings for the second quarter on Tuesday.
The following firms are also scheduled to release their second-quarter earnings on Tuesday: Newgen Software Technologies Ltd., Premium Capital Market & Investments Ltd., Rallis India Ltd., RO Jewels Ltd., SG Finserve Ltd., Universal Arts Ltd., Transchem Ltd., Teamo Productions HQ Ltd., Sybly Industries Ltd., Stylam Industries Ltd., and Sita Enterprises Ltd.
