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Q2 Results Live: Thangamayil Jewellery Reports Rs 23 Crore Loss; Tata Steel, Power Grid Corp. Earnings Awaited

Other notable companies announcing earnings on Wednesday include Aadhar Housing Finance, Gujarat Gas and Rites.

<div class="paragraphs"><p>Thangamayil Jewellery reports net loss of Rs 23.55 crore. (Image source: Envato)</p></div>
Thangamayil Jewellery reports net loss of Rs 23.55 crore. (Image source: Envato)

Q2 Results Live: Rites Earnings Highlights (Consolidated, YoY)

  • Revenue down 7.2% at Rs 541 crore versus Rs 582 crore.

  • Ebitda down 23% at Rs 106 crore versus Rs 138 crore.

  • Margin at 19.6% versus 23.7%

  • Net profit down 25% at Rs 82.5 crore versus Rs 110 crore.

Q2 Results Live: Thangamayil Jewellery Earnings Highlights (Consolidated, YoY)

  • Revenue up 18.9% at Rs 1,181 crore versus Rs 993 crore.

  • Ebitda loss of Rs 7.45 crore versus profit at Rs 24.32 crore,

  • Net loss of Rs 23.55 crore versus profit of Rs 12.26 crore.

Q2 Results Live: Jindal Steel & Power Earnings Estimates

Jindal Steel and Power is likely to report a net profit of Rs 813 crore and revenue of Rs 11,937 crore.

In the June quarter of the current financial year, the company had witnessed a decline in net profit. The company reported a 21% year-on-year fall in its bottom line to Rs 1,338 crore as compared to Rs 1,692 crore in the same quarter last year.

Revenue rose 8% at Rs 13,618 crore during this period versus Rs 12,588 crore in the same quarter last year.

Q2 Results Live: Granules India Earnings Highlights (Consolidated, YoY)

  • Margin at 21% versus 17.9%.

  • Ebitda down 4.6% at Rs 203 crore versus Rs 213 crore.

  • Revenue down 18.7% at Rs 967 crore versus Rs 1,189 crore.

  • Net profit down 4.8% at Rs 97.2 crore versus Rs 102 crore.

Q2 Results Live: Dhanuka Agritech Earnings Highlights (Consolidated, YoY)

  • Revenue up 5.9% at Rs 654 crore versus Rs 618 crore. 

  • Ebitda up 12.7% at Rs 160 crore versus Rs 142 crore.

  • Margin at 24.4% versus 22.9%

  • Net profit up 15.5% at Rs 118 crore versus Rs 102 crore. 

Q2 Results Live: Hi–Tech Pipes Earnings Highlights (Consolidated, YoY)

  • Net Profit rose 72.1% to Rs 18.1 crore vs Rs 10.5 crore

  • Margin at 6% vs 3.6%

  • Ebitda rose 58.2% to Rs 42.3 crore vs Rs 26.7 crore

  • Revenue fell 5.4% to Rs 706 crore vs Rs 746 crore

Q2 Results Live: Power Grid Earnings Estimate

Power Grid is anticipated to post a net profit of Rs 3,873 crore and revenue of Rs 11,271 crore. The company's Ebitda is expected at Rs 9,807 crore, translating to a margin of 87%.

The company reported a slight downtick in its Q1 revenue to Rs 11,006 crore from Rs 11,048 crore in the same quarter a year ago. Net profit of the company was up 3.5% at Rs 3,724 crore versus Rs 3,597 crore on a YoY basis.

Q2 Results Live: Tata Steel Earnings Estimate

Tata Steel is expected to report a net profit of Rs 452 crore, with revenue projected at Rs 53,104 crore, as per analysts' consensus estimate compiled by Bloomberg. The company’s Ebitda is estimated at Rs 5,345 crore, resulting in an Ebitda margin of 10.1%.

In the first quarter, the company reported a 7.9% fall in revenue to Rs 54,771.4 crore versus Rs 59,489.7 crore in the same period last year. Net profit increased 75% YoY to Rs 6,694.5 crore from Rs 5,173.9 crore.

Q2 Results Live: Gujarat Pipavav Port (Consolidated YoY)

  • Revenue down 10.1% at Rs 227 crore versus Rs 253 crore. 

  • Ebitda down 12.1% At Rs 133 crore versus Rs 151 crore. 

  • Margin at 58.4% versus 59.7%

  • Net profit down 18.2% At Rs 75.5 crore versus Rs 92.3 crore.  

The company also appointed Clint Carmichael as Chief Operating  Officer effective as of Dec. 1. Additionally, it approved payment of an interim dividend at Rs 4 per share.

Q2 Results Live: Tata Steel, Power Grid, Gujarat Gas, Jindal Steel To Report Earnings  

A total of 98 companies including some of the biggest names from India's steel and power sector companies will declare their results for the quarter that ended September on Wednesday.

The list of companies announcing their second quarter results on Nov. 6 includes Tata Steel Ltd., Jindal Steel & Power Ltd., and Power Grid Corp.

Tata Steel is expected to report a net profit of Rs 452 crore, with revenue projected at Rs 53,104 crore, as per analysts' consensus estimate compiled by Bloomberg.

Power Grid is anticipated to post a net profit of Rs 3,873 crore and revenue of Rs 11,271 crore. The company's Ebitda is expected at Rs 9,807 crore, translating to a margin of 87%.

Other notable companies announcing earnings on Wednesday include Aadhar Housing Finance Ltd, Gujarat Gas Ltd., and Rites Ltd.

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