Q2 Results: Fortis Healthcare Profit Miss Estimates; Premiere Energies Profit Grows Three-Fold

Shipping Corp of India Q2 Highlights (Consolidated, YoY)

• Net profit at Rs 291 crore versus Rs 65.7 crore

• Revenue up 32.7% at Rs 1,451 crore versus Rs 1,093 crore

• Ebitda at Rs 533 crore versus Rs 236 crore

• Ebitda margin at 36.7% versus 21.6%

SMS Pharma Q2 Highlights (Consolidated, YoY)

• Revenue up 18% at Rs 197 crore versus Rs 167 crore

• Ebitda up 13% at Rs 31.4 crore versus Rs 27.8 crore

• Ebitda margin at 16% versus 17%

• Net profit up 15.1% at Rs 13.9 crore versus Rs 12 crore

Samhi Hotels Q2 Highlights (Consolidated, YoY)

• Net profit at Rs 12.6 crore versus loss of Rs 88 crore

• Revenue up 20.7% at Rs 266 crore versus Rs 220 crore

• Ebitda up 81.4% at Rs 92.2 crore versus Rs 50.8 crore

• Margin at 34.7% versus 23.1%

GIC Housing Q2 Highlights (YoY)

• Revenue down 1.7% at Rs 266 crore versus Rs 270 crore

• Net profit up 21% at Rs 36.5 crore versus Rs 30.2 crore

Signature Global Q2 Highlights (Consolidated, YoY)

• Revenue at Rs 749 crore Rs 98.5 crore

• Ebitda loss of Rs 1.8 crore versus loss of Rs 30.6 crore

• Net profit at Rs 4.2 crore versus loss of Rs 19.9 crore

Alert: Company has deferred tax credit of Rs 29 crore in second quarter

Metropolis Healthcare Q2 Highlights (Consolidated, YoY)

• Revenue up 13.4% at Rs 350 crore versus Rs 309 crore (Bloomberg estimate: Rs 350 crore)

• Ebitda up 31.7% at Rs 89.9 crore versus Rs 74.8 crore (Bloomberg estimate: Rs 90 crore)

• Margin at 25.7% versus 24.2% (Bloomberg estimate 25.8%)

• Net profit up 31% at Rs 46.7 crore versus Rs 35.7 crore (Bloomberg estimate: Rs 47 crore)

Read story here.

Fortis Healthcare Q2 Highlights (Consolidated, YoY)

• Revenue up 12.3% at Rs 1,988 crore versus Rs 1,770 crore (Bloomberg estimate: Rs 1,973 crore)

• Ebitda up 31.7% at Rs 435 crore versus Rs 330 crore (Bloomberg estimate: Rs 399 crore)

• Margin at 21.9% vs 18.7% (Bloomberg estimate 20.2%)

• Net profit up 5% at Rs 193 crore versus Rs 184 crore (Bloomberg estimate: Rs 205 crore)

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Premiere Energies Q2 Highlights (Consolidated, YoY)

• Net profit up 290% at Rs 206 crore versus Rs 52.8 crore

• Revenue at Rs 1,527 crore versus Rs 694 crore

• Ebitda at Rs 381 crore versus Rs 98.4 crore

• Margin at 24.9% vs 14.2%

Tata Motors has expressed skepticism about the battery-as-a-service (BaaS) model for electric vehicles (EVs), although it welcomes the competition from companies pursuing this path. The company’s Chennai plant is set to produce both EVs and internal combustion engine (ICE) vehicles.

Tata Motors remains optimistic that increased infrastructure spending will drive demand for commercial vehicles (CVs) in the second half of FY25. In passenger vehicles (PV), the company noted that dealer profitability has improved post-festive sales, with inventory levels returning to normal.

Tata Motors CFO PB Balaji commented that if the festive boost continues into November and December, it would indicate that the worst is behind them, referring to 2024 as an "atypical year" for the industry.

Purvankara Q2 Highlights (Consolidated, YoY)

• Net loss of Rs 17.1 crore versus loss of Rs 11.2 crore

• Revenue up 34.5% at Rs 496 crore versus Rs 368 crore

• Ebitda up 28.9% at Rs 112 crore versus Rs 86.8 crore

• Margin at 22.6% versus 23.6%

Relaxo Footwares Q2 Highlights (Consolidated, YoY)

• Net profit down 16.9% at Rs 36.7 crore versus Rs 44.2 crore

• Revenue down 5% at Rs 679 crore versus Rs 715 crore

• Ebita down 4.2% at Rs 87.7 crore versus Rs 91.5 crore

• Margin at 12.9% versus 12.8%

Tata Motors reported a reduction of 25,000 units in inventory during the festive period, with the company currently holding 33 days' worth of inventory at the dealership level. Despite this, Tata Motors anticipates no spillover of inventory from 2024 into 2025. According to PB Balaji, 2024 was an atypical year for the industry, but the company remains confident of achieving industry-beating growth in FY25.

The statement was in response to NDTV Profit questions.

Key highlights from Tata Motors Q2 earnings press conference, addressed by Chief Financial Officer PB Balaji:

• Lower volumes due to supply chain constraints

• ⁠JLR margins impacted due to aluminium supply issues

• ⁠Production and sales expected to surge in second half of this fiscal

• ⁠Guidance remains unchanged at 8.5% margins

• JLR to unveil electric Jaguar at Miami auto show next month

• CV VAHAN market share at 38.1% in first half of this fiscal

• Tata Motors won order to supply 1000 bus chassis to UPSRTC

• ⁠PV VAHAN market share at 13.3% in first half of this fiscal

• Cautious on near-term demand in second half of this fiscal

• ⁠Festive boost a good start to second half of this fiscal

Welspun Corp Q2 Highlights (Consolidated, YoY)

• Revenue down 18.7% at Rs 3,301 crore versus Rs 4,059 crore (Bloomberg estimate Rs 2,819 crore)

• Ebitda down 89.6% at Rs 399 crore versus Rs 3,837 crore (Bloomberg estimate Rs 389 crore)

• Ebitda margin at 12.1% vs 94.5% (Bloomberg estimate 13.8%)

• Net profit down 26.8% at Rs 283 crore versus Rs 387 crore (Bloomberg estimate Rs 218 crore)

Jupiter Wagons Q2 Highlights (Consolidated, YoY)

• Revenue up 14.8% to Rs 1,009 crore versus Rs 879 crore (Bloomberg estimate Rs 1,080 crore)

• Net Profit up 9% to Rs 89.3 crore versus Rs 82 crore (Bloomberg estimate Rs 116 crore)

• Ebitda up 15% to Rs 138.7 crore versus Rs 120.4 crore (Bloomberg estimate Rs 173 crore)

• Margin at 13.7% versus 13.7% (Bloomberg estimate 16%)

Mayur Uniquoters Q2 Highlights (Consolidated, YoY)

• Net profit up 22.9% at Rs 39.8 crore versus Rs 32.4 crore

• Revenue up 2.5% at Rs 208 crore versus Rs 203 crore

• Ebitda up 0.7% at Rs 43.1 crore versus Rs 42.9 crore

• Margin at 20.7% Vs 21.1%

Orient Cement Q2 Highlights (Consolidated, YoY)

• Revenue down 24.4% to Rs 544 crore versus Rs 720 crore (Bloomberg estimate Rs 636 crore)

• Net Profit  down 91% to Rs 2.3 crore versus Rs 24.6 crore (Bloomberg estimate Rs 19 crore)

• Ebitda down  48% to Rs 44.5 crore versus Rs 85.6 crore (Bloomberg estimate Rs 70 crore)

• Margin at 8.2% versus 11.9% (Bloomberg estimate 11.1%)

Jupiter Life Line Hospitals Q2 Highlights (Consolidated, YoY)

• Revenue up 22.6% at Rs 323 crore versus Rs 263 crore (Bloomberg estimate Rs 302 crore)

• Ebitda up 22.6% at Rs 74.8 crore versus Rs 61 crore (Bloomberg estimate Rs 72 crore)

• Margin at 23.19% versus 23.18% (Bloomberg estimate 23%)

• Net profit up 53.3% at Rs 51.5 crore versus Rs 33.6 crore (Bloomberg estimate Rs 49 crore)

Aarti Industries Q2 Highlights (Consolidated, YoY)

• Net Profit down 42.8% at Rs 52 crore versus Rs 91 crore (Bloomberg estimate: Rs 77 crore)

• Revenue down 12% at Rs 1,628 crore versus Rs 1,454 crore (Bloomberg estimate: Rs 1,655 crore)

• Ebitda down 15.5% at Rs 197 crore versus Rs 233 crore (Bloomberg estimate: Rs 243 crore)

• Margin at 12.1% versus 16%. (Bloomberg estimate: 14.7%)

Read story here.

Life Insurance Corp Q2 Highlights (Consolidated, YoY)

• Net profit down at 3.7% at Rs 7,729 crore versus Rs 8,030 crore (Bloomberg estimate: Rs 8,435 crore)

• Net Premium Income up 11.5% at Rs 1.2 lakh crore versus Rs 1.1 lakh crore

• Solvency Ratio at 198% versus 190%

• Gross NPA at 1.72% versus 1.95% (QoQ)

• Annual Premium Equivalent up 25.74% Rs 16,465 crore versus Rs 13,095 crore

• Value of new business up 46.9% Rs 2941 crore versus Rs 2002 crore

• VNB margin at 17.86% versus 15.29% (QoQ)

• 13th month Persistency ratio at 68.17% versus 71.19%

• 61th month Persistency ratio at 54.76% versus 55.17%

Ola Electric Q2 Highlights (Consolidated, YoY)

• Revenue up 39% at Rs 1,214 crore versus Rs 873 crore.

• Ebitda loss of Rs 379 crore Ebitda loss of Rs 435 crore.

• Net loss of Rs 495 crore versus loss of Rs 524 crore.

Read story here.

Tata Motors Q2 Highlights (Consolidated, YoY)

• Revenue down 3.5% At Rs 1.01 lakh crore versus Rs 1.05 lakh crore

• Ebitda down 14.2% at Rs 11,736 crore versus Rs 13,676 crore

• Ebitda margin at 11.6% versus 13%

• Net profit down 10% at Rs 3,450 crore versus Rs 3,832 crore

Tata Motors Q2 Segmental Performance (YoY):

• JLR Revenue down 5.6% at £6.5 billion (Ebitda: 11.7%, down 320 bps)

• Tata Motors CV revenue down 13.9% at Rs 17,300 crore (Ebitda: 10.8%, up 40 bps)

• Tata Motors PV revenue down 3.9% at Rs 11,700 crore (Ebitda: 6.2%, down 30 bps

Read story here.

Cholamandalam Financial Q2 Highlights (Consolidated, YoY)

• Net profit up 26.7% at Rs 1,125 crore versus Rs 888 crore.

• Total income up 28.4% at Rs 8,180 crore versus Rs 6,372 crore.

Action Construction Q2 Highlights (Consolidated, YoY)

• Revenue up 12.4% at Rs 757 crore versus Rs 673 crore.

• Ebitda up 21.7% at Rs 109 crore versus Rs 89.2 crore.

• Margin at 14.3% versus 13.2%.

• Net profit up 28.2% at Rs 94.8 crore versus Rs 73.9 crore.

• Bernstein maintained its 'market performance' with a target price of Rs 810 per share, a downside of 5% from the previous close.

• A healthy set of numbers as the return on assets at 1.17% remained above 1%.

• Earnings per share growth was also strong at 28% year-on-year.

• The biggest relief was the lack of any major asset quality deterioration.

• Return on assets aided by non-interest income (+42% YoY) and lower opex (-11%).

State Bank of India is going slower on unsecured retail loans, Chairman CS Setty said in the earnings conference call after reporting its second-quarter earnings. "This is not due to asset quality concerns, but because of lower demand right now."

"Our unsecured book has a very good quality," he told reporters on Friday. The bank is seeing demand for unsecured loans come back since this festive season and expects the growth levels to rise by the end of the year, he said.

State Bank of India will compete on customer service rather than deposit rates and will continue to adequately give good rates to customers, Chairman CS Setty said in the earnings conference call after reporting its second-quarter earnings.

Focus on non-interest income has paid off and recoveries from written off accounts have grown well, Setty told reporters. "Higher provisions sequentially have come due to ageing provisions."

The credit growth will likely be 14-16% in the financial year 2025 and "want to grow deposits in double digits this year," he said. Deposit rates seem to have peaked and the lender is "trying" to contain the cost of deposits, he said.

Read story here.

State Bank of India prioritised liability franchise and is "seriously" pursuing deposit growth, Chairman CS Setty said in the earnings conference call after reporting its second-quarter earnings.

Global growth expected to remain stable but underwhelming and the recent US elections to bring in lower taxes and give India an opportunity to grow trade, he said.

Deposits have crossed Rs 50 trillion and "SBI touches every Indian family in some manner," he said. "Domestic CD ratio for SBI is around 67%"

Star Cement Q2 Highlights (Consolidated, YoY)

• Revenue up 9.6% at Rs 642 crore versus Rs 585 crore.

• Ebitda down 3.1% at Rs 95.6 crore versus Rs 98.6 crore.

• Ebitda margin at 14.9% versus 16.8%.

• Net profit down 86.1% at Rs 5.7 crore versus Rs 40.7 crore.

Vedanta Q2 Highlights (Consolidated, YoY)

• Revenue down 3.4% at Rs 37,634 crore versus Rs 38,945 crore.

• Ebitda down 14.4% at Rs 9,828 crore versus Rs 11,479 crore.

• Ebitda margin at 26.1% versus 29.5%.

• Net profit of Rs 5,603 crore versus a loss of Rs 915 crore.

• Other income in Q2 doubles to Rs 1,300 crore.

Read story here.

Inox India Q2 Highlights (Consolidated, YoY)

• Revenue up 19% at Rs 307 crore versus Rs 258 crore.

• Ebitda up 8.6% at Rs 63.9 crore versus Rs 58.8 crore.

• Ebitda margin at 20.8% versus 22.8%.

• Net profit up 7.1% at Rs 49.5 crore versus Rs 46.2 crore.

Ethos Q2 Highlights (Consolidated, YoY)

• Net profit up 14% at Rs 21.2 crore versus Rs 18.6 crore.

• Revenue up 26.4% at Rs 297 crore versus Rs 235 crore.

• Ebitda up 12.8% at Rs 42 crore versus Rs 37.3 crore.

• Margin at 14.2% versus 15.9%.

Safari Industries Q2 Highlights (Consolidated, YoY)

• Revenue up 23.7% at Rs 458 crore versus Rs 370 crore.

• Ebitda down 24.5% at Rs 47.9 crore versus Rs 63.5 crore.

• Margin at 10.5% versus 17.2%.

• Net profit down 25.4% at Rs 29.7 crore versus Rs 39.8 crore.

State Bank of India Q2 Highlights

• Net profit up 28% at Rs 18,331 crore versus Rs 14,330 crore (YoY).

• Gross NPA at 2.13% versus 2.21% (QoQ).

• Net NPA at 0.53% versus 0.57% (QoQ).

• NII up 5% at Rs 41,620 crore versus Rs 39,500 crore (YoY).

• Board approves raising up to Rs 20,000 crore via long-term bonds.

Read story here.

Mrs. Bectors Food Specialities Q2 Highlights (Consolidated, YoY)

• Revenue up 19.7% at Rs 496 crore versus Rs 415 crore.

• Ebitda up 9% at Rs 70.3 crore versus Rs 64.5 crore.

• Margin at 14.2% versus 15.6%.

• Net profit up 4.6% at Rs 38.9 crore versus Rs 37.2 crore.

Latent View Analytics Q2 Highlights (Consolidated, QoQ)

• Revenue up 16.8% at Rs 209 crore versus Rs 179 crore.

• Ebit up 3.4% at Rs 36.4 crore versus Rs 35.2 crore.

• Ebit margin at 17.4% versus 19.7%.

• Net profit up 4.6% at Rs 40.7 crore versus Rs 38.9 crore.

Bajaj Hindusthan Sugar Q2 Highlights (Consolidated, YoY)

• Net loss of Rs 76 crore verus loss of Rs 123 crore.

• Revenue up 2% at Rs 1,160 crore versus Rs 1,133 crore.

• Ebitda at Rs 0.8 crore versus loss of Rs 55.28 crore.

• Ebitda margin at 0.06%.

Ashok Leyland Q2 Highlights (Standalone, YoY)

• Revenue down 9% at Rs 8,769 crore versus Rs 9,638 crore

• Ebitda down 6% at Rs 1,017 crore versus Rs 1,080 crore.

• Ebitda margin at 11.6% versus 11.2%.

• Net profit up 37% at Rs 770 crore versus Rs 561 crore.

MRF Q2 Highlights (Consolidated, YoY)

• Revenue up 11% at Rs 6881.09 crore versus Rs 6217.1 crore.

• Ebitda down 12.6% at Rs 1011.5 crore versus Rs 1,156.9 crore  

• Margin at 14.69% versus 18.6%.

• Net profit down 20% at Rs 470.7 crore versus Rs 586.66 crore.  

• Inventory writeback rose four times to Rs 426 crore versus Rs 104 crore.

State Bank of India in its June quarter results exceeded analysts’ estimates in terms of consolidated net profit on a yearly basis.

Net profit of the public sector bank increased 0.89% in Q1 to Rs 17,035 crore against Rs 16,884 crore in the corresponding quarter of the preceding fiscal. Analysts tracked by Bloomberg projected a net profit of Rs 16,595 crore for the public sector bank.

SBI Q1 FY25 Highlights (Consolidated, YoY)

• Net interest income increased by 5.71% to Rs 41,125 crore versus Rs 38,905 crore.

• Net profit grew 0.89% to Rs 17,035 crore versus Rs 16,884 crore.

• Gross non-performing assets ratio at 2.21%, improved 55 bps YoY versus 2.76%.

• Net non-performing assets ratio at 0.57%, improved 14 bps YoY versus 0.71%.

In the first quarter of fiscal 2025, Tata Motors' consolidated profit-after-tax grew 72.4% to Rs 5,692 crore compared to Rs 3,301 crore in the year-ago period. The automotive company’s profit-after-tax exceeded the Bloomberg estimate of Rs 5,309.96 crore.

The Tata Group company's total revenue from operations for the June quarter grew by 5.6% to Rs 1,08,048 crore compared to Rs 1,02,236 crore in the year-ago period. However, the total revenue from operations was lower than the Bloomberg estimate of Rs 1,09,228.43 crore.

The company’s Ebitda grew to Rs 15,509 crore in the June quarter, increasing 14.4% from the year-ago period. The automobile company’s Ebitda margin expanded 109 bps to 14.35%.

The India Cements Q2 Highlights (Consolidated, YoY)

• Revenue down 18% at Rs 1,032 crore versus Rs 1,264 crore.

• Ebitda loss at Rs 163 crore versus Ebitda of Rs 4 crore.

• Net loss at Rs 339 crore versus loss of Rs 86 crore.

As the earning season for the second quarter of the current financial year is entering the final phase, investors will see another busy day on Nov. 8.

Several big companies, including blue chips like the State Bank of India and Tata Motors, are scheduled to release their second-quarter results on Friday. As many as 175 companies are going to announce their financial results for the September quarter of the financial year 2025 on Friday.

SBI is expected to report a standalone net profit of Rs 16,112 crore, as per analysts' consensus estimate compiled by Bloomberg.

LIC, India's largest life insurer, may see a bottomline of Rs 9,800 crore.

Tata Motors is anticipated to post a net profit of Rs 4,805 crore and revenue of Rs 1.03 lakh crore. The company's Ebitda is expected at Rs 14,636 crore, translating to a margin of 14.2%.

Other notable companies announcing earnings on Friday include Welspun Corp., Fortis Healthcare Ltd., Aarti Industries Ltd., and Jupiter Wagons Ltd.