KOLUTHARA EXPORTS LTD Q2 RESULTS
HCLTech Q3 profit up 5.5% to Rs 4,591 crore, revenue climbs 5%
HCLTech’s software revenue growth however declined 2.1% YoY in constant currency terms as it failed to close some deal renewals as well as new deals. Consolidated revenue in the three months ended December grew 5.1% year-on-year (YoY) and 3.6% quarter-on-quarter (QoQ) to Rs 29,890 crore backed by services revenue growth.
TCS Q3 profit up 3.9% quarter-on-quarter, lags estimates
Tata Consultancy Services reported a modest sequential net profit growth of 3.9% to Rs 12,380 crore in Q3FY25 amidst reduced demand in the US and UK markets and declining discretionary tech spending. Revenue saw a 0.44% decrease, and headcount dropped by 5,370 employees. Despite the downturn, TCS remains hopeful for a better fiscal year ahead.
Market looking at Q3 result season, Budget; not much movement likely in next 2-3 weeks: Harsha Upadhyaya
Kotak AMC's CIO, Harsha Upadhyaya, anticipates modest earnings growth in FY25, particularly in the second half. Market volatility is expected to persist in the short term, influenced by Q3 results and budget expectations. While consumption remains weak, Upadhyaya favors IT and pharma over textiles due to cyclical uptrends and growth opportunities.
RITES shares rally over 4% after securing Rs 148.25 crore order from IIM Raipur
RITES shares rose 4.4% after securing a Rs 148.25 crore order from IIM Raipur for campus development. Despite lower Q2 profits, the company has seen over 18% gains this year.
India Inc.'s Q2 results review: How different sectors of BSE 500 index fared in the second quarter of 2024-25
Data compiled from an Emkay report shows that the aggregate adjusted PAT growth of BSE 500 companies declined by 0.5% year-on-year. Comparatively, the earnings growth was 3.2% in the June 2024 quarter and 41.6% year-on-year in the corresponding period of the previous year. The performance deteriorates further if the financial sector companies are excluded as the adjusted net profit growth contracts to 9.8% year-on-year. The energy sector significantly dragged the overall earnings growth whereas healthcare and industrial sectors provided support.
Hero MotoCorp shares rally 5% after Q2 PAT, revenue see double-digit growth. Should you invest?
Hero MotoCorp share price: Hero Motocorp's shares surged 5% after reporting a 14% rise in Q2 net profit, reaching ₹1204 crore. Revenue grew 11% to ₹10463 crore, driven by record revenue from parts and accessories. Analysts are optimistic, citing rural market recovery, new launches, and strong brand equity as key growth drivers.
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Ipca Labs Q2 Results: Profit shoots up 58% to Rs 229 crore
Ipca Laboratories on Thursday said its consolidated net profit declined 58 per cent year-on-year to Rs 229 crore in the September quarter. The drug firm had reported a net profit of Rs 145 crore in the year-ago period.
PI Industries shares nosedive 9% as Q2 results disappoint Street
PI Industries Share Price: PI Industries shares dropped 9% despite a 6% YoY rise in Q2 profit, driven by biological growth and improved gross margins. However, domestic revenue saw a decline.
Q2 results today: Grasim, Hero MotoCorp among 1203 companies to announce earnings on Thursday
Get ready for a busy day in the Indian stock market. Over 1200 companies will reveal their financial performance for the July-September quarter. Keep an eye on major players like Hero MotoCorp and Grasim Industries. Analysts predict growth for both companies, driven by higher sales and improved profitability.
Gokaldas Exports Q2 Results: Net profit rises 18% to Rs 28 crore
Bengaluru-headquartered apparel exporter Gokaldas Exports posted an 18.77% rise in consolidated profit at Rs 28.16 crore for the quarter ended September 30, mainly led by exports. The company had posted a net profit of Rs 23.71 crore for the same quarter a year ago.
Hyundai Motor India Q2 Results: PAT declines 16% to Rs 1,375 crore amid sluggish demand
Hyundai Motor India reported a 16% decline in Q2 FY25 net profit to Rs 1,375.47 crore, amid sluggish domestic demand and global geopolitical challenges. Revenue fell 7.5% to Rs 17,260 crore. The company sold 1,91,939 vehicles, with domestic sales dropping 5.8%, but strong SUV demand.
Hyundai India Q2 Results: Cons PAT falls 16% YoY to Rs 1,375 crore, revenue down 7%
Hyundai India Q2 Results: Revenue from operations in the reporting period, too, fell 7% year-on-year (YoY) to Rs 17,260 crore. The stock is trading 2.50% lower. The company reported an EBITDA of Rs 2,205 crore in Q2, a 10% drop from Rs 2,440 crore in the same quarter last year. Margins also decreased by 30 basis points year-over-year, reaching 12.8% for the period. Hyundai India cited weak market sentiment and geopolitical factors as reasons for the decline in PAT.
Divi’s Laboratories Q2 Results: Company posts 47% jump in net profit in Q2FY25
Divi's Laboratories witnessed a 46.6% surge in profit, reaching Rs. 510 crores in Q2FY25, fueled by robust growth in their custom synthesis business. This growth was driven by increased demand from new and existing customers seeking supply chain diversification beyond China.
Tata Motors Q2 Results: Cons PAT falls 11% YoY to Rs 3,343 crore, misses estimates
Tata Motors Q2 Results: During the quarter, its revenue dropped 3.5% YoY to Rs 101,450 crore. In a challenging environment, the company’s EBITDA margin dropped by 230 bps YoY to 11.4%, with caution on short-term domestic demand. JLR revenue fell 5.6% to £6.5 billion due to supply issues, leading to a 220 bps EBIT margin drop to 5.1%. Commercial vehicle revenue declined 13.9%, but EBITDA margin improved to 10.8% (up 40 bps) due to favourable pricing and cost savings.
Mankind Pharma shares gain over 6% as profit jumps nearly 30% in Q2
Mankind Pharma's shares surged by 6% after reporting a 29% rise in Q2 profits, reaching ₹658.88 crore. The company attributed this growth to sales volume recovery, particularly in the chronic segment and domestic sales. Exports also saw a significant 57% increase. Motilal Oswal raised its target price on the stock, citing the company's strong growth prospects.
Raymond shares rise 4.5% post Q2 earnings
Raymond's shares climbed 4.5% despite a 63% drop in Q2 profit, driven by strong revenue growth in real estate and engineering. Real estate revenue surged 135% and engineering revenue jumped 121%. The company highlighted project execution and strong domestic demand as key growth drivers.
Exide Industries Q2 Results: PAT drops 14% to Rs 233 crore
Battery maker Exide Industries Ltd on Monday reported a 13.66 per cent decline in consolidated profit after tax at Rs 233.4 crore in the September quarter, impacted by higher expenses.
Q2 results this week: Tata Motors, Tata Steel, M&M, Trent, SBI among 170 companies to announce earnings
The second quarter earnings season is underway and as many as 170 companies will declare their results this week. Some of the marquee names include Titan, Asian Paints, PB Fintech, IRCTC, IRFC, RVNL, Mazagon Dock Ship, Tata Steel, Mahindra & Mahindra, Trent, LIC, MRF, Tata Motors, and SBI among others.
Maruti Suzuki shares rise 3% despite Q2 profit miss. Should you invest or steer clear?
Shares of Maruti Suzuki rose by 3% to Rs 11,389.75 despite a 17% drop in net profit for the September quarter. Sales included 463,834 domestic and 77,716 export vehicles. Analysts give mixed recommendations with UBS suggesting a 'Buy', Investec a 'Hold', and Nuvama optimistic about long-term growth.
Maruti Suzuki Q2 Results: Standalone profit slides 17% YoY to Rs 3,069 crore, misses estimates
Maruti Suzuki Q2 Results: Maruti Suzuki India reported a 17% drop in standalone net profit for the September quarter at Rs 3,069 crore. Revenue from operations saw a marginal increase to Rs 37,203 crore. The company's stock fell 6% following the announcement. Domestic vehicle sales declined, while export volumes grew.
Maruti Suzuki shares slip 2% ahead of Q2 results today
Shares of Maruti Suzuki dropped by 2%. The company is expected to report flat revenue and up to a 5% fall in net profit for the second quarter. Analysts cite lower volumes in entry-level vehicles and utility cars as reasons.
JSW Steel Q2 Results: PAT plunges 84% YoY to Rs 439 crore, revenue drops 11%
JSW Steel Ltd reports an 84% drop in Q2 consolidated net profit to Rs 439 crore, against Rs 2,760 crore last year. Revenue declines 11% YoY to Rs 39,684 crore. The company incurs a Rs 342 crore one-time charge, with operating EBITDA at Rs 5,437 crore and margins at 13.7%.
ITC Q2 results preview: PAT may rise 3% YoY; subdued paperboard biz may hurt margins
ITC anticipates a steady second quarter with cigarette, hotels, and agri businesses showing positive growth, while paperboard remains weak. Revenue is projected to rise 7% YoY, but margins might decline due to a lackluster paperboard sector performance. Key areas to watch include demand trends, competitive intensity, and raw material costs.
TVS Motor Q2 Results: Profit jumps 23% YoY to Rs 663 crore, but misses estimates
Both net profit and revenue missed Street estimates, which were pegged at Rs 669 crore and Rs 9,534 crore, respectively.
Wendt (India) Q2 Results: Cons PAT jumps 19% YoY to Rs 10.69 cr
Wendt (India) Ltd, an abrasive and precision component manufacturer, has reported consolidated net profits of Rs 10.69 crore for the July-September 2024 period, up by 19.44 per cent on the back of higher sales to user industries and increase in exports, the company said.
Infosys Q2 Results: Profit rises 5% YoY to Rs 6,506 crore; co revises FY25 revenue guidance to 3.75-4.5%
Infosys Q2 Results: Infosys, India's second-largest software exporter, reported a 5% growth in consolidated net profit to Rs 6,506 crore for Q2, with revenue from operations rising by 5% YoY to Rs 40,986 crore. The company revised its FY25 revenue growth guidance to 3.75%–4.5%, driven by strong financial services momentum and mega deal ramp-ups.
Nestle India Q2 Results: Cons PAT falls marginally to Rs 899 crore, but beats estimates
Nestle India Q2 Results: Nestle India reported a consolidated net profit of Rs 899 crore for Q3 2024, slightly down from Rs 908 crore YOY. Revenue from operations grew by 1.3% to Rs 5,104 crore. Despite challenges like muted consumer demand and high commodity prices, the company saw growth in key brands and ecommerce.
Infosys Q2 results preview: PAT may rise 11% YoY; co may raise FY25 guidance
Infosys, India's second largest software exporter, likely reports robust Q2 figures driven by financial services demand and large deal ramp-ups. Analysts predict 5% YoY net sales growth, 11% YoY PAT increase, and a revised FY25 guidance of 4-5% in constant currency terms.
Wipro shares rise 3% as board to consider bonus issue along with Q2 results
Wipro shares increased by 3% on BSE following the announcement that its board will consider issuing bonus shares in October 2024. This move aims to make stock more affordable for investors. All shareholders owning shares before the record date will be eligible. Wipro has seen a 13% rise in its shares in 2024 so far.
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