Q2 Results Live Updates: IndiGo Reports Net Loss Of Rs 987 Crore; BPCL Profit And Revenue Declines

ICRA Q2 Highlights (Consolidated, YoY)

• Total income rises 20.54% at Rs 146 crore versus Rs 121 crore.

• Net profit rises 15.6% at Rs 37 crore versus Rs 32 crore.

Bank of Baroda Q2 Highlights

• Net profit rises 23.2% at Rs 5,238 crore versus Rs 4,253 crore (YoY).

• NII rises 7% at Rs 11,622 crore versus Rs 10,831 crore (YoY).

• Gross NPA at 2.5% versus 2.88% (QoQ).

• Net NPA at 0.6% versus 0.69% (QoQ).

IndiGo's capacity increased by 8.2% to 38.2 billion in the second quarter and passengers increased by 5.8% to 27.8 million.

Source: Press Release

• Revenue up 14% at Rs 16,970 crore versus Rs 14,944 crore. (Bloomberg estimate: Rs 17,254 crore)

• Net loss at Rs 987 crore versus profit of Rs 189 crore. (Bloomberg estimate: profit of Rs 134 crore)

• Ebitdar flat at Rs 2,396 crore.

• Ebitdar margin at 14.1% versus 16%.

• Net profit up 20% at Rs 2,153 crore verses Rs 1,792 crore.

• Total income up 18% at Rs 10,097 crore versus Rs 8,564 crore.

• The board declares interim dividend of Rs 22 per share.

• It also cleared plan to split each share into five.

• Net profit up 30% at Rs 937 crore versus Rs 721 crore (Bloomberg estimate: Rs 896 crore)

• Net interest income up 21% at Rs 2,948 crore versus Rs 2,443 crore.

• Net NPA at 1.29% versus 1.15% (QoQ)

• Gross NPA 4.68% versus 4.23% (QoQ)

• Revenue down 9% at Rs 1,02,791 crore versus Rs 1,13,096 crore (Bloomberg estimate: Rs 1,08,975 crore)

• Ebitda down 20% at Rs 4,547 crore versus Rs 5,650 crore (Bloomberg estimate: Rs 6,048 crore)

• Ebitda margin at 4.4% vs 4.9% (Bloomberg estimate: 5.5%)

• Net profit down 20% at Rs 2,397 crore versus Rs 3,015 crore. (Bloomberg estimate: Rs 4,118 crore)

• Net Profit down 18.8% at Rs 50 crore versus Rs 61.5 crore.

• Revenue down 16% at Rs 292 crore versus Rs 347 crore.

• Ebitda down 17.8% at Rs 79.18 crore versus Rs 96.31 crore.

• Margin at 27.1% versus 27.7%

• Total income up 35% at Rs 6,322 crore versus Rs 4,695 crore

• Net profit up 25% at Rs 968 crore versus Rs 773 crore (Bloomberg estimate: Rs 1,011 crore)

• Revenue up 16% at Rs 660 crore versus Rs 567 crore.

• Net Profit down 43% at Rs 10.4 crore versus Rs 18.5 crore.

• Ebitda margin at 5.4% versus 3.6%

• Ebitda up 73% at Rs 36 crore versus Rs 21 crore

• Revenue up 23% at Rs 3,657 crore versus Rs 2,978 crore

• Ebitda up 29% at Rs 1076 crore versus Rs 835 crore

• Ebitda margin at 29.4% vs 28%

• Net profit down 10% at Rs 982 crore versus Rs 1,086 crore

• Net loss of Rs 471 crore versus profit Rs 1,259 crore.

• Total Income up 34% at Rs 997 crore versus Rs 745 crore.

• NII up 8% at Rs 1,436 crore versus Rs 1,334 crore

• Net profit up 45% at Rs 551 crore versus Rs 381 crore

• Gross NPA at 3.95% versus 3.91% (QoQ)

• Net NPA at 0.85% versus 0.76% (QoQ)

• Net profit up 39% at Rs 1,836 crore versus Rs 1,323 crore.

• Net Interest Income up 26% at Rs 3,876 crore Rs 3,067 crore.

• Net NPA at 0.2% versus 0.23% (QoQ)

• Gross NPA at 3.68% versus 3.87% (QoQ)

JSW Holdings (Consolidated, YoY)

• Total revenue up 82% at Rs 162 crore versus Rs 89 crore.

• Net profit up 89% at Rs 120 crore versus Rs 63 crore.

PSP Projects Q2 Highlights (Consolidated, YoY)

• Margin at 6.4% versus 11.7%

• Ebitda down 48% at Rs 37.6 crore versus Rs 72.5 crore.

• Revenue down 5.4% at Rs 586 crore versus Rs 620 crore.

• Ebitda margin at 7.7% versus 9.4%.

• A 12% revenue downtick was driven by the downstream segment.

• Fall in downstream segment revenue on low petroleum product demand due to monsoon season.

• Ebitda and margins saw an uptick as a results of a 14% fall in stock-in-trade purchase and reversal of change in inventory worth Rs 4276.56 crore.

LPG Losses

• The company's LPG losses expanded during the second quarter.

• Negative LPG loss buffer now at Rs 4,277 crore versus Rs 2,000 crore in first quarter.

Physical Performance (QoQ)

• Standalone crude throughput up 9.4% to 6.3 million metric tonne

• Pipeline throughput down 4.4%.

• Domestic sales fell 10% to 10.79 MMT on low demand.

• Exports up over 48% to 0.83 MMT.

Kirlaskar Pneumatic Q2 Highlights (Consolidated, YoY)

• Revenue up 53% at Rs 431 crore versus Rs 282 crore.

• Ebitda up 195% at Rs 94 crore versus Rs 32 crore.

• Margin at 21.7% versus 11.2%.

• Net profit up 235% At Rs 67.5 crore versus Rs 20.2 crore.

Apollo Pipes Q2 Highlights (Consolidated, YoY)

• Revenue down 19% at Rs 250 crore versus Rs 308 crore.

• Ebitda down 33% at Rs 19 crore versus Rs 29 crore.

• Ebitda margin at 7.7% versus 9.4%.

• Net profit down 72% at Rs 4 crore versus Rs 14 crore.

JSW Steel Q2 Highlights (Consolidated, YoY)

• Net profit down 85% at Rs 404 crore versus Rs 2,774 crore.

• Revenue down 11% at Rs 39,684 crore versus Rs 44,584 crore.

• Ebitda down 31% at Rs 5,437 crore versus Rs 7,886 crore.

• Ebitda margin at 13.7% versus 17.7%.

• Total income up 63% at Rs 430 crore versus Rs 263 crore.

• Net profit up 110% at Rs 299 crore versus Rs 142 crore.

• Revenue down 10.5% at Rs 99,926 crore versus Rs 1.4 lakh crore (Bloomberg estimate: Rs 1,02,203 crore).

• Ebitda up 29.3% to Rs 2,724.4 crore versus Rs 2,108 crore (Bloomberg estimate: Rs 4,258 crore).

• Margin at 2.7% versus 1.85% (Bloomberg estimate: 4.2%).

• Net profit up 77% at Rs 631 crore versus Rs 356 crore (Bloomberg estimate: Rs 2,008 crore)

• Revenue up 15% to Rs 4,605 crore versus Rs 3,993 crore (Bloomberg estimate: Rs 5,159 crore).

• Ebitda up 38% to Rs 1,400 crore versus Rs 1,004 crore (Bloomberg estimate: Rs 1,075 crore).

• Margin up 510 basis points to 30.4% versus 25.29% (Bloomberg estimate: 20.8%).

• Net profit rose 38.4% to Rs 1,092 crore versus Rs 812 crore (Bloomberg estimate: Rs 843 crore).

• Revenue up 264% at Rs 266 crore versus Rs 73 crore.

• Ebitda up 95% at Rs 66 crore versus Rs 34 crore.

• Ebitda margin at 24.8% versus 46.6%.

• Net profit up 291% at Rs 43 crore versus Rs 11 crore.

• Revenue up 47% at Rs 741 crore versus Rs 505 crore

• Ebitda up 46% at Rs 265 crore versus Rs 181 crore

• Ebitda margin at 35.7% versus 35.8%

• Net profit down 21% at Rs 96 crore versus Rs 122 crore

Approves acquisition of 30% stake in Levim Lifetech at primary equity investment of `54 cr

• Net profit up 7.5% at Rs 17 crore versus Rs 16 crore.

• Revenue up 7% at Rs 199 crore versus Rs 186 crore.

• Ebitda down 15% at Rs 8 crore versus Rs 10 crore.

• Ebitda margin at 4.1% versus 5.2%.

• Net profit up 2.8% at Rs 20.6 crore versus Rs 20 crore.

• Revenue up 10% at Rs 209 crore versus Rs 189 crore.

• Ebitda up 12% at Rs 64 crore versus Rs 57 crore.

• Ebitda margin at 30.5% versus 29.9%

• Net profit up 3.2% at Rs 40.5 crore versus Rs 39.2 crore.

• Revenue at Rs 385 crore versus Rs 149 crore.

• Ebitda up 17.5% at Rs 29.2 crore versus Rs 24.8 crore.

• Margin at 7.6% versus 16.6%.

• Net Profit up 65.1% at Rs 103 crore versus Rs 62.1 crore.

• Revenue up 4.5% at Rs 1,742 crore versus Rs 1,667 crore.

• EBITDA up 22.4% at Rs 279 crore versus Rs 228 Cr crore.

• Margin at 16% versus 13.7%.

India’s benchmark gauge, the NSE Nifty 50 was trading 1.12% down as of 12:35 p.m. 

• Revenues may fall 12.7% to Rs 1.05 lakh crore.

• Ebitda may jump 100.33% to Rs 4,222.32 crore.

• Margins may expand to 4% versus 1.7%.

• Net profit may jump 439.02% to Rs 1,917.83 crore.

Hindustan Petroleum Corp of India is also expected to post weak results for the September quarter. Domestic retail sales are expected to fall around 7% sequentially due to the seasonal impact of the monsoon season, according to Nuvama. The brokerage expects the refinery to report a gross refining margin of $5.5 per barrel. 

While the refining segment of the oil marketing is expected to be weak, lower oil prices are set to support the marketing segment's performance.  This is due to the supernormal marketing margins in the range of Rs 13-15 per litre seen in September 2024. Motilal Oswal expects this to drive HPCL’s Ebitda by 38% on a QoQ basis. 

• Revenues may fall 3.3% to Rs 1.09 lakh crore.

• Ebitda may rise 10% to Rs 6,248.8 crore.

• Margins may expand to 5.7% versus 5%.

• Net profit may rise 22.3% to Rs 3,687.2 crore.

Bharat Petroleum Corp. of India is expected to post weak results for the September quarter due to weak demand during the period, according to Nuvama. The brokerage expects BPCL to have a gross refining margin of $7 per barrel. This compares to the $13-18 per barrel refining margin seen a year ago. 

Oil prices witnessed a strong correction during the quarter, benefiting the oil marketing companies. As per Motilal Oswal, the higher marketing margins expected could drive up the standalone Ebitda by 38%, respectively, on a QoQ basis. 

• Net Profit at Rs 15.7 crore versus Rs 6.6 crore.

• Revenue up 84.3% at Rs 161 crore versus Rs 87.2 crore.

• Ebitda up 77.7% at Rs 32.7 crore versus Rs 18.4 crore.

• Margin at 20.3% versus 21.%

Coal India Ltd., Bank of Baroda, Bharat Petroleum Corp. and Hindustan Petroleum Corp. will be in focus on Friday as they announce their earnings for the September quarter of the current financial year.

Coal India is likely to report a net profit of Rs 8,444 crore for the quarter ended September. The largest government-owned coal producer in the world is likely to report a top line of Rs 31,207 crore, earnings before interest, taxes, depreciation and amortisation of Rs 10,577 crore, as well as an Ebitda margin of 33.9%, according to Bloomberg estimates.

Bank of Baroda is likely to clock a bottom line of Rs 4,452 crore. BPCL is likely to clock a profit of Rs 4,118 crore and is expected to report an Ebitda margin at 5.5%. Its revenue from operations is expected to be Rs 1.09 lakh crore, while its Ebitda is estimated as Rs 6,048 crore, according to Bloomberg estimates.

HPCL is estimated to report a profit of Rs 2,008 crore and a revenue of Rs 1.02 lakh crore. It is estimated to report an Ebitda of Rs 4,258 crore and an Ebitda margin at 4.2%, as per Bloomberg analysts.

Bharat Electronics Ltd. is expected to post a net profit of Rs 843 crore during its second quarter. Analysts expect its top line to be Rs 5,159 crore, Ebitda to be Rs 1,075 crore and Ebitda margin to be 20.8%.

DLF Ltd. is expected to post a net profit of Rs 658 crore and a top line of Rs 1,367 crore. The real estate company is estimated to report an Ebitda of Rs 626 crore and an Ebitda margin at 45.8%, as per Bloomberg analysts.

Good morning and welcome to NDTV Profit's live coverage of second-quarter earnings for the day.

State-owned Coal India Ltd., realty major DLF Ltd. and IndiGo parent InterGlobe Aviation Ltd. are the prominent companies that will report their earnings for the second quarter on Friday.

As many as 148 companies will declare their financial results for the quarter ended Sept. 30, 2024.

Hindustan Petroleum Corp., Bharat Petroleum Corp., Bandhan Bank, Balkrishna Industries Ltd. and JSW Steel Ltd. are among the other big names to report their earnings on Friday.