Q2 Results: Delta Corp Profit Falls Over 60%; Tata Steel Swings To Profit

Avalon Technologies Q2 Highlights (Consolidated, YoY)

• Revenue up 36.8% to Rs 275.02 crore versus Rs 200.99 crore.

• Net profit up 140% to Rs 17.48 crore versus Rs 7.28 crore.

• Ebitda up 140% to Rs 30.14 crore versus Rs 12.58 crore.

• Margin at 11% versus 6.3%.

Rain Industries Q2 Highlights (Consolidated, YoY)

• Revenue down 5.4% to Rs 3,934.28 crore versus Rs 4,160.26 crore.

• Net loss widens to Rs 154.94 crore versus loss of Rs 65.75 crore.

• Ebitda up 0.5% to Rs 284 crore versus Rs 282 crore.

• Margin at 7.2% versus 6.8%.

Endurance Technologies Q2 Highlights (Consolidated, YoY)

• Revenue up 14.4% to Rs 2,912.66 crore versus Rs 2,545.03 crore.

• Net Profit up 31% to Rs 202.98 crore versus Rs 154.56 crore.

• Ebitda up 20% to Rs 382.00 crore versus Rs 318.32 crore.

• Margin at 13.1% versus 12.5%.

Delta Corp Q2 Highlights (Consolidated, YoY)

• Revenue down 28.1% to Rs 187.65 crore versus Rs 261.09 crore.

• Net profit down 61% to Rs 26.98 crore versus Rs 69.44 crore.

• Ebitda down 66% to Rs 33.79 crore versus Rs 100.08 crore.

• Margin at 18.0% versus 38.3%.

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Jindal Steel's net debt stood at Rs 12,464 crore as on Sep. 30 versus Rs 10,462 crore as on June 30. Net debt to Ebitda remained at a comfortable level at 1.21x as on Sep. 30 versus 1.0x as on June 30.

Source: Press Release

PRICOL Q2 Highlights (Consolidated, YoY)

• Revenue up 15.8% to Rs 668.83 crore versus Rs 577.82 crore.

• Net profit up 36% to Rs 45.07 crore versus Rs 33.15 crore.

• Ebitda up 16% to Rs 77.26 crore versus Rs 66.44 crore.

• Margin at 11.6% versus 11.5%.

Gulf Oil Q2 Highlights (Consolidated, YoY)

• Revenue up 7.7% to Rs 863.98 crore versus Rs 802.30 crore.

• Net profit up 13% to Rs 82.97 crore versus Rs 73.60 crore.

• Ebitda up 7% to Rs 107.35 crore versus Rs 100.48 crore.

• Margin at 12.4% versus 12.5%.

Kirloskar Ferrous Industries Q2 Highlights (Consolidated, YoY)

• Revenue up 6.8% to Rs 1,666.02 crore versus Rs 1,559.69 crore.

• Net profit down 5% to Rs 77.64 crore versus Rs 81.67 crore.

• Ebitda down 23% to Rs 194.06 crore versus Rs 253.22 crore.

• Margin at 11.6% versus 16.2%.

The production rose 4% year-on-year to 1.97 mt and sales fell 8% year-on-year to 1.85 mt.

Exports contributed 9% of the revenue in the quarter ended September.

Source: Press Release

J.B. Chemicals & Pharmaceuticals Q2 Highlights (Consolidated, YoY)

• Revenue up 13.5% to Rs 1,000.62 crore versus Rs 881.74 crore.

• Net profit up 16% to Rs 174.57 crore versus Rs 150.59 crore.

• Ebitda up 11% to Rs 270.52 crore versus Rs 243.54 crore.

• Margin at 27.0% versus 27.6%.

Tata Steel Q2 Highlights (Consolidated, YoY)

• Revenue down 3.2% to Rs 53,904.71 crore versus Rs 55,681.93 crore.

• Net profit at Rs 758.84 crore versus loss of Rs 6,511.16 crore.

• Ebitda up 44% to Rs 6,141.27 crore versus Rs 4,267.82 crore.

• Margin at 11.4% versus 7.7%.

• Exceptional loss of Rs 6,899 in base quarter from provisions on restructuring and on impairment of non-current assets.

Kansai Nerolac Paints Q2 Highlights (Consolidated, YoY)

• Revenue down 0.3% to Rs 1,951.37 crore versus Rs 1,956.54 crore.

• Net profit down 32% to Rs 119.76 crore versus Rs 175.48 crore.

• Ebitda down 22% to Rs 211.91 crore versus Rs 273.24 crore.

• Margin at 10.9% versus 14.0%.

• Profit down 18% at $128 million (YoY).

• Net sales up 5% at $4.3 billion (YoY).

• Adjusted Ebitda down 5% at $462 million (YoY).

• Alert: Adjusted Ebitda rises 1% excluding $25 million net impact from Sierre flooding.

Aadhar Housing Finance Q2 Highlights (Standalone, YoY)

• Total revenue rises 22% at Rs 751 crore versus Rs 614 crore.

• Net profit up 15% at Rs 228 crore versus Rs 197 crore.

Sonata Software Q2 Highlights (Consolidated, QoQ)

• Revenue down 14.1% to Rs 2,169.83 crore versus Rs 2,527.43 crore.

• Net profit up 1% to Rs 106.49 crore versus Rs 105.63 crore.

• EBIT up 1% to Rs 144.33 crore versus Rs 142.89 crore.

• Margin at 6.7% versus 5.7%.

JK Lakshmi Cement Q2 Highlights (Consolidated, YoY)

• Revenue down 21.6% to Rs 1,234.39 crore versus Rs 1,574.53 crore.

• Loss at Rs 19.24 crore versus Rs 95.87 crore.

• Ebitda down 59% to Rs 89.36 crore versus Rs 217.26 crore.

• Margin at 7.2% versus 13.8%.

Gujarat Gas Q2 Highlights (Consolidated, QoQ)

• Revenue down 14.4% to Rs 3,781.75 crore versus Rs 4,450.30 crore.

• Net Profit down 7% to Rs 308.74 crore versus Rs 330.71 crore.

• Ebitda down 4% to Rs 514.16 crore versus Rs 535.64 crore.

• Margin at 13.6% versus 12.0%.

Jindal Steel & Power Q2 Highlights (Consolidated, YoY)

• Revenue down 8.5% to Rs 11,213.31 crore versus Rs 12,250.16 crore.

• Net profit down 38% to Rs 860.47 crore versus Rs 1,390.10 crore.

• Ebitda down 4% to Rs 2,200.25 crore versus Rs 2,285.68 crore.

• Margin at 19.6% versus 18.7%.

Power Grid Corporation of India Q2 Highlights (Consolidated, YoY)

• Revenue up 0.1% to Rs 11,277.76 crore versus Rs 11,267.07 crore.

• Net Profit flat at Rs 3,793.02 crore versus Rs 3,781.42 crore.

• Ebitda down 2% to Rs 9,701.32 crore versus Rs 9,908.37 crore.

• Margin at 86.0% versus 87.9%.

Chambal Fertilisers and Chemicals Q2 Highlights (Consolidated, YoY)

• Revenue down 19.3% to Rs 4,346.18 crore versus Rs 5,385.52 crore.

• Net Profit up 41% to Rs 536.36 crore versus Rs 380.96 crore.

• Ebitda up 28% to Rs 790.16 crore versus Rs 615.01 crore.

• Margin at 18.2% versus 11.4%.

Apollo Hospitals Enterprise's healthcare services revenue grew 14% year-on-year to Rs 2,903 crore. AHLL revenues also rose 14% to Rs 404 crore.

Pharmacy Distribution & Digital Health revenue rose 17% to Rs 2,282 crore. GMV of Apollo 24/7 was at Rs 757 crore.

Source: Press Release

Usha Martin Q2 Highlights (Consolidated, YoY)

• Revenue up 13.6% to Rs 891.17 crore versus Rs 784.70 crore.

• Net Profit flat at Rs 109.31 crore versus Rs 109.52 crore.

• Ebitda up 11% to Rs 160.77 crore versus Rs 144.32 crore.

• Margin at 18.0% versus 18.4%.

Blue Star Q2 Highlights (Consolidated, YoY)

• Revenue up 20.4% to Rs 2,275.96 crore versus Rs 1,890.40 crore.

• Net profit up 36% to Rs 96.06 crore versus Rs 70.77 crore.

• Ebitda up 22% to Rs 149.31 crore versus Rs 122.69 crore.

• Margin at 6.6% versus 6.5%.

Apollo Hospitals Enterprise Q2 Highlights (Consolidated, YoY)

• Revenue up 15.3% to Rs 5,589.30 crore versus Rs 4,846.90 crore.

• Net profit up 59% to Rs 395.70 crore versus Rs 248.80 crore.

• Ebitda up 30% to Rs 815.50 crore versus Rs 627.50 crore.

• Margin at 14.6% versus 12.9%.

TeamLease Services Q2 Highlights (Consolidated, QoQ)

• Revenue up 8.4% to Rs 2,796.83 crore versus Rs 2,579.85 crore.

• Net profit up 28% to Rs 24.85 crore versus Rs 19.37 crore.

• EBIT up 114% to Rs 19.58 crore versus Rs 9.14 crore.

• Margin at 0.7% versus 0.4%.

Shivalik Bimetal Controls Q2 Highlights (Consolidated, YoY)

• Revenue down 0.9% to Rs 126.65 crore versus Rs 127.76 crore.

• Net profit down 2% to Rs 19.94 crore versus Rs 20.34 crore.

• Ebitda down 8% to Rs 26.97 crore versus Rs 29.17 crore.

• Margin at 21.3% versus 22.8%.

Gandhar Oil Refinery (India) Q2 Highlights (Consolidated, QoQ)

• Revenue down 6.0% to Rs 935.09 crore versus Rs 994.82 crore.

• Net profit down 44% to Rs 18.14 crore versus Rs 32.65 crore.

• Ebitda down 33% to Rs 40.17 crore versus Rs 60.33 crore.

• Margin at 4.3% versus 6.1%.

Intellect Design Arena Q2 Highlights (Consolidated, QoQ)

• Revenue down 8% to Rs 558.13 crore versus Rs 606.34 crore.

• Net profit down 30% to Rs 52.47 crore versus Rs 74.75 crore.

• EBIT down 50% to Rs 42.18 crore versus Rs 84.17 crore.

• Margin at 7.6% versus 13.9%.

• Revenue down 25.6% at Rs 311 crore versus Rs 418 crore.

• Ebitda down 54.7% at Rs 62.2 crore versus Rs 137 crore.

• Margin at 20% versus 32.9%.

• Net profit down 63.2% at Rs 32.8 crore versus Rs 89.3 crore.

• Revenue down 4.7% at Rs 1,713 crore versus Rs 1,797 crore.

• Ebitda down 4.8% at Rs 231 crore versus Rs 242 crore.

• Margin at 13.5% versus 13.5%.

• Net profit down 7.8% at Rs 83.3 crore versus Rs 90.3 crore.

• 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.

• 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.

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.

• 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.

• 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. 

• 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

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.

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.

• 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.

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.