The total pax traffic in the second quarter increased 8% year-on-year to 31.5 million, with Delhi Airport reaching 38.3 million pax and Hyderabad reaching 13.7 million pax.
Source: Press Release
While Papad segment revenue grew 26.2%, the western snacks revenue rose 23.2% and packaged sweets revenue increased by 22%. The ethnic snacks revenue in the second quarter rose by 10.5%, with the segment contributing the 63.8% to the overall revenue. Papad segment contributed 4.1% to the overall revenue while western snacks and packaged goods contributed 8.3% and 17.5%, respectively.
Source: Press Release
GMR Airports Q2 Highlights (Consolidated, YoY)
Revenue up 21.1% to Rs 2,495.46 crore versus Rs 2,061.50 crore.
Net loss at Rs 428.77 crore versus loss of Rs 190.35 crore.
Ebitda up 20% to Rs 866.94 crore versus Rs 724.67 crore.
Margin at 34.7% versus 35.2%.
The company has one time gain of Rs 109 crore in the second quarter.
NTPC Q2 Results: Profits Rise Over 13%, Beat Estimates
ITC Q2 Results: Margin Drops To Lowest In Nearly Three Years
Aarti Drugs Q2 Highlights (Consolidated, YoY)
Revenue down 6.7% to Rs 598.33 crore versus Rs 641.54 crore.
Net profit down 12% to Rs 34.96 crore versus Rs 39.60 crore.
Ebitda down 12% to Rs 67.05 crore versus Rs 76.45 crore.
Margin at 11.2% versus 11.9%.
Oracle Financial Services Software Q2 Highlights (Consolidated, QoQ)
Revenue down 3.9% to Rs 1,673.90 crore versus Rs 1,741.40 crore.
Net profit down 6% to Rs 577.70 crore versus Rs 616.70 crore.
Ebitda down 12% to Rs 732.80 crore versus Rs 829.60 crore.
Margin at 43.8% versus 47.6%.
The board of directors of ITC approved acquisition of 1.52 crore equity shares of Rs 2 each of EIH Ltd and 34.60 lakh equity shares of Rs 21 each of HLV Ltd from Russell Credit Ltd, a wholly owned subsidiary of the company.
ITC will acquire the shares at their respective book value, in order to consolidate shareholding of EIH and HLV under the company.
Post such acquisition, the total shareholding of ITC in EIH and HLV would be 16.13% and 8.11% of their paid-up share capital, respectively.
Revenue in cigratte up 6.79% at Rs 8,177 crore versus Rs 7,657 crore.
Revenue in hotels business up 12.01% at Rs 727 crore versus Rs 649 crore.
Revenue in agriculture business up 47.07% at Rs 5,780 crore versus Rs 3,930 crore.
Revenue in paperboards, paper and packaging up 2.17% at Rs 2,114 crore versus Rs 2,069 crore.
Patanjali Foods Q2 Highlights (Consolidated, QoQ)
Revenue up 13.7% to Rs 8,154.19 crore versus Rs 7,173.06 crore.
Net profit up 17% to Rs 308.58 crore versus Rs 262.72 crore.
Ebitda up 11% to Rs 449.13 crore versus Rs 405.60 crore.
Margin at 5.5% versus 5.7%.
V2 Retail Q2 Highlights (Consolidated, YoY)
Revenue up 64.3% to Rs 380.00 crore versus Rs 231.32 crore.
Net profit down 134% to Rs -1.93 crore versus Rs 5.70 crore.
Ebitda up 66% to Rs 33.05 crore versus Rs 19.88 crore.
Margin at 8.7% versus 8.6%.
ITC Q2 Highlights (Standalone, YoY)
Revenue up 16% to Rs 19,327.72 crore versus Rs 16,550 crore.
Net profit up 3% to Rs 5,078.34 crore versus Rs 4,927 crore.
Ebitda up 5% to Rs 6,335.17 crore versus Rs 6,042 crore.
Margin at 32.8% versus 36.5%.
Chalet Hotels Q2 Results: Loss Of Rs 139 Crore On Higher Tax Expense
CIE Automotive India Q3 Highlights (Consolidated, YoY)
Revenue down 6.4% to Rs 2,134.63 crore versus Rs 2,279.41 crore.
Net profit down 48% to Rs 195.23 crore versus Rs 375.42 crore.
Ebitda down 4% to Rs 330.58 crore versus Rs 345.38 crore.
Margin at 15.5% versus 15.2%.
PNB Housing Finance Q2 Highlights (Consolidated, YoY)
Total income rises 5.7% at Rs 1,869 crore versus Rs 1,768 crore.
Net profit rises 22.7% at Rs 472 crore versus Rs 384 crore.
Glenmark Life Sciences Q2 Highlights (Consolidated, YoY)
Revenue down 14.9% to Rs 506.88 crore versus Rs 595.36 crore.
Net profit down 20% to Rs 95.32 crore versus Rs 118.74 crore.
Ebitda down 20% to Rs 134.35 crore versus Rs 167.08 crore.
Margin at 26.5% versus 28.1%.
JSW Energy Q2 Results: Profit Rises 2%, Tops Estimates
Bikaji Foods International Q2 Highlights (Consolidated, YoY)
Revenue up 18.5% to Rs 721.17 crore versus Rs 608.69 crore.
Net profit up 15% to Rs 68.58 crore versus Rs 59.78 crore.
Ebitda up 22% to Rs 106.73 crore versus Rs 87.73 crore.
Margin at 14.8% versus 14.4%.
NTPC Q2 Update
NTPCs gross generation in the second quarter fell 2% at 88.46 billion units (YoY).
The energy sales in the second quarter fell 1.9% at 82.22 billion units (YoY).
While Godrej Consumer Products urban growth has moderated, the growth in rural regions have picked up said Sudhir Sitapati managing director and chief executive officer.
He also added that investment in rural has done better for the company.
Source: Earnings Concall
Godrej Consumer Products will double and triple distribution in insecticides said Sudhir Sitapati managing director and chief executive officer.
He also added that as there is more pressure on soaps volume growth in soaps will be soft going forward. He also added that he is hopeful of other segments compensate.
Source: Earnings Concall
Godrej Consumer Products had a good quarter despite the headwinds, said Sudhir Sitapati managing director and chief executive officer.
Ebitda Growth margin will grow in the next quarters, he added.
Source: Earnings Concall
Mahanagar Gas Q2 Results: Profit Falls 2%, Margin Contracts 310 Basis Points
R R Kabel Q2 Highlights (Consolidated, YoY)
Revenue up 12.5% to Rs 1,810.14 crore versus Rs 1,609.67 crore.
Net profit down 33% to Rs 49.53 crore versus Rs 74.10 crore.
Ebitda down 29% to Rs 85.78 crore versus Rs 120.99 crore.
Margin at 4.7% versus 7.5%.
Nippon Life India Asset Management Q2 Highlights (Consolidated, YoY)
Total income rises 45.6% at Rs 692 crore versus Rs 475 crore.
Net profit rises 47.3% at Rs 360 crore versus Rs 244 crore.
VST Industries Q2 Highlights (Consolidated, YoY)
Revenue up 1.9% to Rs 360.03 crore versus Rs 349.54 crore.
Net profit down 37% to Rs 47.56 crore versus Rs 75.95 crore.
Ebitda down 14% to Rs 67.61 crore versus Rs 78.91 crore.
Margin at 18.8% versus 22.6%.
IndusInd Bank is seeing green shoots in the vehicle finance business in the festive season, said Sumant Kathpalia, managing director and chief executive officer at IndusInd Bank.
However, he added that the vehicle finance business is still not doing as well as last year.
Source: Earnings Concall
IndusInd Bank is watchful of microfinance business and are in full compliance with RBI requirements, said Sumant Kathpalia, managing director and chief executive officer at IndusInd Bank.
The Bank expects the credit card and microfinance businesses to pick up in the next two quarters.
Source: Earnings Concall
Revenue up 13.5% to Rs 206.47 crore versus Rs 181.88 crore.
Net profit down 12% to Rs 13.08 crore versus Rs 14.86 crore.
Ebitda up 8% to Rs 17.97 crore versus Rs 16.66 crore.
Margin at 8.7% versus 9.2%
Coromandel International Q2 Results: Profit Dips 13% Yet Meets Estimates
DCB Bank Q2 Highlights (Consolidated, YoY)
NII rise 7% at Rs 509 crore versus Rs 476 crore (YoY).
Net profit rises 23% at Rs 155 crore versus Rs 127 crore (YoY).
Gross NPAs at 3.29% vs 3.33% (QoQ).
Net NPAs at 1.17% vs 1.18% (QoQ).
United Breweries Q2 Results: Profit Rises 23%, Beats Estimates
Home Finance Q2 Highlights (Consolidated, YoY)
Total Income rises 35% at Rs 374 crore versus Rs 278 crore.
Net profit rises 24% at Rs 92 crore versus Rs 74 crore.
IEX Q2 Results: Profit Rises 25%, Meets Analyst Estimates
Cyient Q2 Highlights (Consolidated, YoY)
Revenue up 4.0% to Rs 1,849.10 crore versus Rs 1,778.50 crore.
Net Profit up 2% to Rs 186.60 crore versus Rs 183.60 crore.
Ebitda down 9% to Rs 296.70 crore versus Rs 325.80 crore.
Margin at 16.0% versus 18.3%.
Dixon Tech Q2 Results: Profit Jumps Over 3.5 Times, Revenue More Than Doubles
Petronet LNG Q2 Results: Profit Rises 1.7%, Margin Contracts
IndusInd Bank Managing Director and Chief Executive Officer Sumant Kathpalia expects retail disbursements to pick up in second half of this financial year.
Source: Earnings Concall
IndusInd Bank's NIM diluted due to slower retail asset growth and higher deposit growth, said Sumant Kathpalia, managing director and chief executive officer at IndusInd Bank.
Kathpalia also said RoA contraction is transitory, and it should resume growth.
Source: Earnings Concall
IndusInd Bank is watchful of developments in unsecured products and has slowed growth said Sumant Kathpalia, managing director and chief executive officer at IndusInd Bank.
He further added that retail deposit mobilisation has picked up in the quarter with its share increasing to 41.4%.
Source: Earnings Concall
Radico Khaitan Q2 Results: Net Profit Rises 24.4% To Rs 80 Crore, Revenue Up 9.5%
Castrol India Q3 Results: Profit Misses Estimates, Margin Contracts
Godrej Consumer Products Q2 Results: Profit Rises 13%, Meets Estimates
Go Digit Q2 Highlights (YoY)
Total income rises 16.4% at Rs 2,175 crore versus Rs 1,869 crore.
Net profit at Rs 89.5 crore versus Rs 27.7 crore.
IndusInd Bank Q2 Results: Profit Slumps 39% On Higher Provisions, Asset Quality Weakens
Apcotex Industries Q2 Results: Profit Tumbles 28%, Misses Estimates
Westlife Foodworld Q2 Results: PAT Falls 98.4% At Rs 35.78 Lakh
Laurus Labs Q2 Highlights (Consolidated, YoY)
Revenue flat at Rs 1,223.70 crore versus Rs 1,224.45 crore.
Net profit down 55% to Rs 17.72 crore versus Rs 39.32 crore.
Ebitda down 5% to Rs 178.33 crore versus Rs 187.87 crore.
Margin at 14.6% versus 15.3%.
Adani Total Gas Q2 Results: Profit Rises 8% To Rs 186 Crore
Net Profit up 4% at Rs 138 crore vs Rs 133 crore (YoY)
Gross NPA At 1.68 Vs 1.69% (QoQ)
Net NPA At 0.69 Vs 0.68% (QoQ)
Net interest income 7% at Rs 367 crore vs Rs 344 crore (YoY)
Adani Wilmar Q2 Results: Operating Profit Surges Nearly Fourfold
Revenue up 13% at Rs 1,121 crore vs Rs 994 crore
EBITDA up 17% at Rs 117 crore vs Rs 100 crore
EBITDA margin at 10.4% vs 10.1%
Net profit up 22% at Rs 107 crore vs Rs 88 crore
LT Foods Q2 Highlights (Consol,YoY)
Revenue up 7% at Rs 2,108 crore vs Rs 1,978 crore
EBITDA down 5% at Rs 229 crore vs Rs 240 crore
EBITDA margin at 10.9% vs 12.2%
Net profit down 4% at Rs 151 crore vs Rs 157 crore
Ramkrishna Forgings Q2 Highlights (Consol,YoY)
Net Profit at Rs 190 crore vs Rs 82.2 crore
Revenue up 17.2% at Rs 1,054 crore vs Rs 899 crore
EBITDA up 16.2% at Rs 233 crore vs Rs 200 crore
Margin At 22.1% Vs 22.3%
One-time gain of Rs 95 crore in Q2 FY25 from sale of subsidiary to Yatra Online
PNB Gilts Q2 Highlights (YoY)
Total income up 44.37% at Rs 501 crore vs Rs 347 crore
Net profit at Rs 115 crore vs loss of Rs 41.1 crore
Tata Teleservices Q2 Highlights (QoQ)
Net loss of Rs 330 crore versus loss of Rs 323 crore.
Revenue up 6.2% at Rs 343 crore versus Rs 323 crore.
Ebitda up 1.7% at Rs 137 crore versus Rs 135 crore.
Margin at 39.9% versus 41.7%.
ACC Q2 Results: Revenue Rises 4% To Rs 4,613 Crore
Strides Pharma Q2 Highlights (Consolidated, YoY)
Net profit at Rs 94 crore versus loss of Rs 150 crore
Revenue up 20% at Rs 1,201 croer versus Rs 999 crore.
Ebitda up 54% at Rs 236 crore versus Rs 153 crore.
Ebitda margin at 19.6% versus 15.3% .
FMCG major ITC is likely to report a net profit of Rs 5,154 crore for the quarter ended September, according to Bloomberg estimates.
It is likely to report a top line of Rs 18,068 crore, earnings before interest, taxes, depreciation and amortisation of Rs 6,506 crore, as well as an Ebitda margin of 36%, as per estimates.
Key Factors To Watch Out For:
Unseasonal monsoon rains disrupted supply chains.
Compression in margins due to raw material inflation.
FMCG business to see demand pressure.
Paper business volumes are expected to decline.
Hotel and Agri business to grow in early double digits.
Ujjivan Small Finance Bank Q2 Highlights
NII up 15% at Rs 944 crore versus Rs 823 crore (YoY).
Net profit down 29% at Rs 233 crore versus Rs 328 crore (YoY).
Gross NPA flat at 2.52% (QoQ).
Net NPA 0.56% versus 0.41% (QoQ).
Colgate-Palmolive India Q2 Results: Profit Up 16%, Meets Estimates
Indoco Remedies Q2 Highlights (Consolidated, YoY)
Net loss of Rs 10 crore versus profit of Rs 35.2 crore.
Revenue down 9.1% at Rs 431 crore versus Rs 474 crore.
Ebitda down 39.2% at Rs 38.6 crore versus Rs 63.5 crore.
Margin at 9% versus 13.4%.
Hyundai Motor Q3 Key Highlights (Year-on-Year)
Global retail sales fall 3.1%
India retail sales fall 6.3%
Europe retail sales fall 3.9%
China retail sales fall 41.5%
North American retail sales rise 4.3%
South Korea retail sales rise 1.8%
Operating profit at 3.58 Trillion Won versus Bloomberg Est estimate of 3.88 Trillion Won
Net Profit at 3.05 Trillion Won versus Bloomberg Estimate of 3.29 Trillion Won
Sales at 42.93 Trillion Won versus Bloomberg Estimate of 42.96 Trillion Won
(Source: Bloomberg)
British American Tobacco plc, the largest shareholder in ITC Ltd., is set to exit the hotel business once it lists. The Indian diversified conglomerate has received the relevant regulatory approvals to demerge its hotels business and a potential listing of ITC Hotels Ltd.
Definitely, there is no intention to be shareholders in hotels in India, said BAT Chief Executive Officer Tadeu Marroco, adding that the firm would sell the stake when the time is right.
The BAT chief executive was speaking to analysts at the company's 2024 Capital Markets Day in October.
The Indian cigarette major is following an asset light strategy for the hotels business. It opened 32 hotels in the last 24 months, taking the total to 140 properties. It plans to take the total hotels portfolio, including managed properties, to 200 in the next few years.
Read more here.
ITC Ltd., NTPC Ltd., IndusInd Bank Ltd. and JSW Energy Ltd. will be in focus on Thursday as they announce their earnings for the September quarter of the current financial year.
ITC, a Kolkata-based conglomerate, is likely to report a net profit of Rs 5,154 crore for the quarter ended September, according to Bloomberg estimates. It is likely to report a top line of Rs 18,068 crore, earnings before interest, taxes, depreciation and amortisation of Rs 6,506 crore, as well as an Ebitda margin of 36%, as per estimates.
NTPC is likely to clock a bottom line of Rs 5,035 crore and is expected to report an Ebitda margin at 28.2%, according to Bloomberg estimates. Its revenue from operations is expected to be Rs 47,008 crore, while its Ebitda is estimated as Rs 13,237 crore.
IndusInd Bank is estimated to report a profit of Rs 2,214 crore, as per Bloomberg analysts. Ujjivan Small Finance Bank Ltd, a Bengaluru-based small finance bank, is likely to clock a standalone profit of Rs 289 crore.
JSW Energy is estimated to report a profit of Rs 753 crore and a revenue of Rs 3,648 crore. It is estimated to report an Ebitda of Rs 2,609 crore and an Ebitda margin at 71.5%.
Coromandel International is expected to post a net profit of Rs 624 crore during its second quarter. Analysts expect its top line to be Rs 6,312 crore, Ebitda to be Rs 859 crore and Ebitda margin to be 13.6%.
Oracle Financial Services Software, a subsidiary of Oracle Corp., is expected to post a net profit of Rs 587 crore and a top line of Rs 1,728 crore, as per Bloomberg analysts.
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