Q2 Results Updates: KEC International Profit Rises 53%; Raymond Revenue Doubles

KEC International Q2 Highlights (Consolidated, YoY)

• Revenue up 13.7% to Rs 5,113.31 crore versus Rs 4,499.03 crore.

• Net profit up 53% to Rs 85.41 crore versus Rs 55.83 crore.

• Ebitda up 17% to Rs 320.24 crore versus Rs 274.32 crore.

• Margin at 6.3% versus 6.1%.

Raymond continued its growth momentum with consolidated quarterly revenue from Real Estate and Engineering business of Rs 1,101 Cr, reflecting a 115% increase compared to the same quarter of the previous financial year, and an Ebitda of Rs 172 crore with an Ebitda margin of 15.6%.

Source: Press Release

Tilaknagar Industries Q2 Highlights (Consolidated, YoY)

• Revenue up 9.7% to Rs 374.85 crore versus Rs 354.39 crore.

• Net profit up 57% to Rs 58.23 crore versus Rs 37.04 crore.

• Ebitda up 39% to Rs 65.98 crore versus Rs 47.43 crore.

• Margin at 17.6% versus 13.4%.

Raymond Q2 Highlights (Consolidated, YoY)

• Revenue up 122.2% to Rs 1,044.74 crore versus Rs 470.08 crore.

• Net profit down 63% to Rs 59.01 crore versus Rs 161.16 crore.

• Ebitda up 108% to Rs 116.04 crore versus Rs 55.92 crore.

• Margin at 11.1% versus 11.9%.

“Despite continuing market headwinds and subdued consumption, we saw some recovery in our growth trajectory through the quarter backed by focused execution of strategic initiatives. We are seeing strong validation of our premiumisation strategy across channels, with premium products showing robust growth and increased contribution to our revenue mix. Our Brand stories connected well with targeted audience," said Gunjan Shah, managing director and chief executive officer at Bata India.

Source: Press Release