Q2 Results Updates: L&T Expects Domestic Order Uptick In H2 FY25, Tata Power Profit Up 7%

L&T Q2 Earnings Conference - Key Highlights

• Company is broadening to Africa and Central Asia markets.

• Working on debt restructuring of Hyderabad Metro.

• Expect domestic orders to pick up momentum in the second half of the fiscal 2024-25.

Source: Bloomberg

Automotive Axles Q2 Results - Key Highlights (Consolidated, YoY)

• Revenue down 15% to Rs 495 crore versus Rs 584 crore.

• Ebitda down 23% to Rs 51 crore versus Rs 66 crore.

• Margin at 10.3% versus 11.3%.

• Net profit down 20% to Rs 36 crore versus Rs 45 crore.

DCM Shriram Q2 Results - Key Highlights (Consolidated, YoY)

• Revenue up 9% to Rs 2,957 crore versus Rs 2,708 crore.

• Ebitda up 59% to Rs 181 crore versus Rs 114 crore.

• Ebitda margin at 6.1% versus 4.2%.

• Net profit up 95% to Rs 63 crore versus Rs 32 crore.

Tata Power Q2 Results - Key Highlights (Consolidated, YoY)

• Revenue down 0.3% to Rs 15,698 crore versus Rs 15,738 crore.

• Ebitda up 21.2% to Rs 3,745 crore versus Rs 3,091 crore.

• Margin at 23.9% versus 19.6%.

• Net profit up 7% to Rs 1,093 crore versus Rs 1,017 crore.

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L&T Q2 FY25 Results Highlights (Consolidated, YoY)

• Revenue from operations rose 20% to Rs 61,554 crore (Bloomberg estimate: Rs 57,621.54 crore).

• Operating profit or Ebitda rose 13% to Rs 6,632 crore (Bloomberg estimate: Rs 6,141 crore).

• Ebitda margin was down 70 basis points to 10.33% versus 11,03% a year ago (Bloomberg estimate: 10.7%).

• Net profit was up 6.69% to Rs 4,113 crore (Bloomberg estimate: Rs 3,205 crore).

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Electrosteel Castings Q2 Earnings - Key Highlights (Consolidated, YoY)

• Revenue down 4.7% to Rs 1828 crore versus Rs 1919 crore.

• Ebitda down 10.9% to Rs 268 crore versus Rs 300 crore.

• Margin at 14.6% versus 15.6%.

• Net profit down 11.2% to Rs 155 crore versus Rs 175 crore.

The board declared interim dividend of Rs 3 per share. The record date is Nov. 8.

Kitex Garments Q2 Highlights (Consolidated, YoY)

• Revenue up 48% at Rs 216 crore versus Rs 146 crore

• Ebitda at Rs 54.8 crore versus Rs 13.9 crore

• Margin at 25.4% versus 9.6%

• Net profit at Rs 36.7 crore versus Rs 7.8 crore

TCI Express Q2 Highlights (Consolidated, YoY)

• Revenue down 2.6% at Rs 312 crore versus Rs 320 crore

• Ebitda down 27% at Rs 36.8 crore versus Rs 50.4 crore

• Margin at 11.8% versus 15.7%

• Net profit down 30% at Rs 24.9 crore versus Rs 35.6 crore

IRB Infra Developers Q2 Highlights (Consolidated, YoY)

• Revenue down 9.1% at Rs 1,586 crore versus Rs 1,745 crore

• Ebitda down 3.5% at Rs 767 crore versus Rs 794 crore

• Margin at 48.3% versus 45.5%

• Net profit up 4.3% at Rs 99.8 crore versus Rs 95.7 crore

Dabur India will acquire Ayurvedic personal care and wellness company Sesa Care at an enterprise value of Rs 315-325 crore.

"The proposed merger brings substantial revenue and cost synergies. Dabur's extensive distribution network, category expertise, and access to key international markets can be leveraged to grow the brand and expand its footprint," the company said.

Source: Exchange filing

The Board has declared an interim dividend of Rs 2.75 per equity share for the financial year 2024-25. The record date is Nov. 8 and payout will be done on Nov. 22.

Dabur India Q2 Highlights (Consolidated, YoY)

• Revenue down 5.5% at Rs 3,029 crore versus Rs 3,204 crore (Bloomberg estimate: Rs 3,042 crore)

• Net profit down 17.5% at Rs 418 crore versus Rs 507 crore (Bloomberg estimate: Rs 446 crore)

• Ebitda down 16.3% at Rs 553 crore versus Rs 661 crore (Bloomberg estimate: Rs 574 crore)

• Ebitda margin at 18.2% versus 20.6% (Bloomberg estimate: 18.9%)

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Carborundum Universal Q2 Highlights (Consolidated, YoY)

• Revenue up 7% at Rs 1,224 crore versus Rs 1,146 crore (Bloomberg estimate: Rs 1,257 crore)

• Ebitda up 16.3% at Rs 195 crore versus Rs 167 crore (Bloomberg estimate: Rs 201 crore)

• Ebitda margin at 15.9% vs 14.6% (Bloomberg estimate 16%)

• Net profit up 12% at Rs 116 crore versus Rs 104 crore (Bloomberg estimate: Rs 135 crore)

Aditya Birla Capital Q2 Highlights (Consolidated, YoY)

• Total income up 36.05% at Rs 10,362 crore versus Rs 761 crore

• Net profit up 42% at Rs 1,000.9 crore versus Rs 705 crore (Bloomberg estimate: Rs 711 crore)

Grindwell Norton Q2 Highlights (Consolidated, YoY)

• Revenue up 4% at Rs 694 crore vs Rs 667 crore

• EBITDA down 2% at Rs 129 crore vs Rs 131 crore

• EBITDA margin at 18.6% vs 19.7%

• Net profit down 5% at Rs 97 crore vs Rs 102 crore

TTK Prestige Q2 Highlights (Consol, YoY)

• Revenue up 3% at Rs 750 crore vs Rs 729 crore

• EBITDA down 10% at Rs 72 crore vs Rs 81 crore

• EBITDA margin at 9.7% vs 11.1%

• Net profit down 11.5% at Rs 52 crore vs Rs 59 crore

AIA Engineering Q2 Highlights (Consolidated, YoY)

• Revenue down 19.4% at Rs 1,044 crore versus Rs 1,295 crore (Bloomberg estimate: Rs 1,299 crore)

• Net profit down 21% at Rs 256 crore versus Rs 324 crore (Bloomberg estimate: Rs 301 crore)

• Ebitda down 28% at Rs 276 crore versus Rs 382 crore (Bloomberg estimate: Rs 344 crore)

• Ebitda margin at 26.4% versus 29.5% (Bloomberg estimate: 27%)

Electrosteel Castings is likely to report a revenue of Rs 1,882 crore, an Ebitda of Rs 387 crore, and an Ebitda margin of 21%, resulting in a net profit of Rs 254 crore, as per Bloomberg estimates.

P&G Hygiene Q2 Highlights (Consolidated, YoY)

• Revenue down 0.3% at Rs 1,135 crore versus Rs 1,138 crore (Bloomberg estimate: Rs 1,244 crore)

• Net profit at Rs 73.5 crore versus Rs 73.8 crore

• Ebitda up 2% at Rs 291 crore versus Rs 285 crore (Bloomberg estimate: Rs 315 crore)

• Ebitda margin at 25.6% versus 25% (Bloomberg estimate: 25%)

AIA Engineering is likely to report a standalone revenue of Rs 1,299 crore, an Ebitda of Rs 344 crore, and an Ebitda margin of 27%, resulting in a net profit of Rs 301 crore, as per Bloomberg estimates.

Sterlite Tech Q2 Highlights (Consolidated, YoY)

• Revenue down 5% at Rs 1,413 crore versus Rs 1,494 crore

• Net loss of Rs 14 crore versus profit of Rs 32 crore

• Ebitda down 30% at Rs 151 crore versus Rs 216 crore

• Ebitda margin at 10.7% versus 14.5%

Shalby Q2 Highlights (Consolidated, YoY)

• Revenue up 12% at Rs 267 crore versus Rs 238 crore

• Net profit up 91% at Rs 2.4 crore versus Rs 27.6 crore

• Ebitda down 13% at Rs 132 crore versus Rs 153 crore

• Ebitda margin at 49.5% versus 64.1%

Vardhaman Textiles Q2 Highlights (Consolidated, YoY)

• Revenue up 4.4% at Rs 2,502 crore versus Rs 2,397 crore

• Net profit up 45% at Rs 197 crore versus Rs 136 crore

• Ebitda up 53.6% at Rs 314 crore versus Rs 205 crore

• Ebitda margin at 12.6% versus 8.5%

L&T received an order in the range of Rs 5,000-10,000 crore for power transmission and distribution. The announcement comes ahead of Q2 results.

Dabur India is expected to post a revenue of Rs 3,042 crore and an Ebitda of Rs 574 crore, with an Ebitda margin of 19%, leading to a net profit of Rs 446 crore.

Tata Power is projected to announce a standalone profit of Rs 1,052 crore for the quarter, with revenue estimated at Rs 16,957 crore. Analysts expect an Ebitda of Rs 3,117 crore, resulting in an Ebitda margin of 18%.

Read more here.

Larsen & Toubro, India’s largest engineering, procurement, and construction company, is likely to report a subdued second quarter earnings for the financial year 2025. L&T’s net profit for the July–September quarter of the financial year 2025 is likely to drop marginally to Rs 3,205.31 crore compared with Rs 3,222.63 crore a year ago, according to analysts' estimates.

Read more here.

Paisalo Digital Q2 Highlights (Standalone, YoY)

• Net profit up 4.9% at Rs 49.5 crore versus Rs 47.2 crore.

• Total income up 35.1% at Rs 176 crore versus Rs 130 crore.

Tata Power Co., Dabur India Ltd., Larsen & Toubro Ltd., Biocon Ltd. and Aditya Birla Capital Ltd. are among the major companies that will declare their July-September quarter financial results today, Oct. 30.

A total of 77 companies across sectors are set to declare their Q2 earnings.

Get the full list of these companies here.