Q2 Results Live Updates: Tata Power, Hindustan Copper, GRSE, Triveni Turbine In Focus
The September-quarter earnings season continues with results due from Tata Power, Garden Reach Shipbuilders & Engineers, Hindustan Copper, Triveni Turbine, Power Mech Projects and other companies.
Several companies, including Tata Power, Garden Reach Shipbuilders & Engineers (GRSE), Hindustan Copper, Triveni Turbine, National Fertilizers, Power Mech Projects, Mishra Dhatu Nigam, DCX Systems, Cupid and EIH Associated Hotels, are scheduled to announce their September-quarter earnings today. Follow this live blog for the latest results, management commentary and key announcements from India Inc.
What To Expect From Tata Power In Q2?
Tata Power Co. Ltd. is expected to report a strong set of September-quarter earnings, driven by robust performance in its thermal power business, renewable energy portfolio and solar manufacturing operations.
Revenue is estimated to rise 21% year-on-year to Rs 18,806 crore from Rs 15,543 crore, while EBITDA is seen increasing 21% to Rs 3,983 crore from Rs 3,302 crore. EBITDA margin is likely to remain largely stable at 21.2%, compared with 21% a year ago.
Net profit is expected to grow 28% to Rs 1,173 crore from Rs 919 crore in the corresponding quarter last year.
Q2 Results Live: Titagarh Rail Net Profit Surges Over 49%, Even As Revenue Slips
Titagarh Rail Systems (Q2, Consolidated YoY)
- Net profit up 49.2% to Rs 63.2 crore versus Rs 42.3 crore.
- Revenue down 0.8% to Rs 793 crore versus Rs 799 crore.
- Ebitda up 27.9% to Rs 107 crore versus Rs 83.6 crore.
- Margin at 13.5% versus 10.5%.
Q2 Results Live: Rentomojo Net Profit Plunges Nearly 63%, Margin Stays Little Changed
Rentomojo (Q2, Consolidated YoY)
- Net profit down 62.6% to Rs 18.2 crore versus Rs 48.6 crore.
- Revenue up 52.8% to Rs 142 crore versus Rs 93 crore.
- Ebitda up 51.9% to Rs 57.2 crore versus Rs 37.6 crore.
- Margin at 40.2% versus 40.4%.
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