Q2 Results Live Updates: Vedanta Profit Beat Estimates; SBI Trims Deposit Growth Guidance For FY25
Welspun Corp., Fortis Healthcare, Aarti Industries, and Jupiter Wagons are other companies posting their second quarter results.
Q2 Results Live: Cholamandalam Financial Profit Rises 26.7%
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.
Q2 Results Live: Action Construction Revenue Rises 12.4%
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.
Q2 Results Live: Bernstein On SBI After Earnings
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%).
Q2 Results Live: SBI Going Slow On Unsecured Retail, Says Chairman
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.
Q2 Results Live: SBI To Compete On Customer Service Than Deposit Rates
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.
Q2 Results Live: 'Seriously' Pursuing Deposit Growth, Says Chairman
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%"
Q2 Results Live: Star Cement Profit Plunges 86%
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.
Q2 Results Live: Vedanta Revenue Declines 3.4%
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.
Q2 Results Live: Inox India Revenue Rises 19%
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.
Q2 Results Live: Ethos Net Profit Rises 14%
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%.
Q2 Results Live: Safari Industries Revenue Rises 23.7%
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.
Q2 Results Live: SBI Net Profit Jumps 28%
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.
Q2 Results Live: Mrs Bectors Revenue Jumps 20%
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.
Q2 Results Live: Latent View Net Profit Rises 4.6%
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.
Q2 Results Live: Bajaj Hindusthan Sugar Reports Rs 76 Crore Loss
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%.
Q2 Results Live: Ashok Leyland Net Profit Rises 37%
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.
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Ashok Leyland Q2 Results: Revenue Dips On Lacklustre Sales, Profit Surges On Exceptional Gain
Q2 Results Live: MRF Net Profit Falls 20%
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.
Q2 Results Live: Here's How SBI Performed In June Quarter
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%.
Q2 Results Live: Here's How Tata Motors Performed In June Quarter
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%.
Q2 Results Live: India Cements Net Loss Widens
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.
Q2 Results Live: Earnings Estimates Of Big Names Today
Q2 Results Live: LIC, SBI, Tata Motors, Ashok Leyland And MRF To Report Results Today
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.
