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Q2 Results Updates: Allied Blenders Profit Quadruples; Prestige Estates Projects Profit Falls 74%

Q2 Results Updates: Allied Blenders Profit Quadruples; Prestige Estates Projects Profit Falls 74%
(Source: Allied Blenders and Distillers website)
1 year ago
Cipla, Adani Enterprises, Adani Ports and Special Economic Zone, Maruti Suzuki India, Canara Bank and SBI Cards and Payment Services are among companies reporting their second quarter results.

Share India Q2 Highlights (Consolidated, YoY)

  • Total income rises 21% at Rs 838 crore versus Rs 693 crore.

  • Net profit falls 10.8% at Rs 61.6 crore versus Rs 69 crore.

Prestige Estates Projects Q2 Highlights (Consolidated, YoY)

  • Revenue up 3% to Rs 2,304.40 crore versus Rs 2,236.40 crore.

  • Net profit down 74% to Rs 234.60 crore versus Rs 910.30 crore.

  • Ebitda up 7% to Rs 631.30 crore versus Rs 592.50 crore.

  • Margin at 27.4% versus 26.5%.

  • Recognised deferred tax impact Rs 106 crore in current quarter due of removal of indexation benefit on capital gains.

Welspun Enterprises Q2 Highlights (Consolidated, YoY)

  • Revenue up 22.1% to Rs 788.51 crore versus Rs 645.73 crore.

  • Net profit down 11% to Rs 61.56 crore versus Rs 69.01 crore.

  • Ebitda up 22% to Rs 100.45 crore versus Rs 82.62 crore.

  • Margin at 12.7% versus 12.8%.

  • Loss of Rs 12 crore versus loss of Rs 3 crore from discontinued operations.

Allied Blenders and Distillers Q2 Highlights (Consolidated, YoY)

  • Revenue up 1.9% to Rs 867.66 crore versus Rs 851.17 crore.

  • Net profit up 319% to Rs 47.56 crore versus Rs 11.35 crore.

  • Ebitda up 45% to Rs 103.32 crore versus Rs 71.21 crore.

  • Margin at 11.9% versus 8.4%.

Capri Global Q2 Highlights (Standalone, YoY)

  • Total income rises 25% at Rs 558 crore versus Rs 445 crore.

  • Net profit up 81% at Rs 863 crore versus Rs 477 crore.

Redington Q2 Highlights (Consolidated, YoY)

  • Revenue up 12% to Rs 24,896 crore versus Rs 22,220 crore.

  • Net profit down 9% to Rs 283 crore versus Rs 312 crore.

  • Ebitda down 5% to Rs 459 crore versus Rs 481 crore.

  • Margin at 1.8% versus 2.2%.

Star Health And Allied Insurance Company Q2 Highlights (Consolidated, YoY)

  • Net premium earned rises 16% at Rs 3,704 crore versus Rs 3,206 crore.

  • Net profit falls 11% at Rs 111 crore versus Rs 125 crore.

Updater Services Q2 Highlights (Consolidated, QoQ)

  • Revenue up 4.3% to Rs 680 crore versus Rs 652 crore.

  • Net profit up 9.4% to Rs 28 crore versus Rs 25.6 crore.

  • Ebitda up 6.9% to Rs 43.6 crore versus Rs 40.8 crore.

  • Margin at 6.4% versus 6.3%.

Electro-Mechanical Projects and Services of Voltas saw a 6% growth during the second quarter. The revenue for the first half of this financial year rose 14% reaching Rs 1,829 crore in comparison to Rs 1,603 crore for the same period last year.

Source: Press Release

Container Corporation Of India Q2 Highlights (Consolidated, YoY)

  • Revenue up 4.2% to Rs 2,287.75 crore versus Rs 2,194.87 crore.

  • Net profit down 1% to Rs 366.26 crore versus Rs 368.49 crore.

  • Ebitda up 7% to Rs 582.02 crore versus Rs 546.46 crore.

  • Margin at 25.4% versus 24.9%.

  • Announces second interim dividend of Rs 3.25 per share.

Force Motors Q2 Highlights (Consolidated, YoY)

  • Revenue up 7.8% to Rs 1,941.33 crore versus Rs 1,801.68 crore.

  • Net profit up 44% to Rs 135.05 crore versus Rs 93.89 crore.

  • Ebitda up 26% to Rs 282.62 crore versus Rs 224.96 crore.

  • Margin at 14.6% versus 12.5%.

MTAR Technologies Q2 Highlights (Consolidated, YoY)

  • Revenue up 14% to Rs 190 crore versus Rs 167 crore.

  • Net profit down 8.3% to Rs 18.7 crore versus Rs 20.4 crore.

  • Ebitda up 1.7% to Rs 36.6 crore versus Rs 36 crore.

  • Margin at 19.3% versus 21.6%.

Sheela Foam Q2 Highlights (Consolidated, YoY)

  • Revenue up 32.5% to Rs 812.72 crore versus Rs 613.18 crore.

  • Net profit down 79% to Rs 9.32 crore versus Rs 44.27 crore.

  • Ebitda up 5% to Rs 69.28 crore versus Rs 66.19 crore.

  • Margin at 8.5% versus 10.8%.

Honeywell Automation India Q2 Highlights (YoY)

  • Revenue down 7.3% to Rs 1,023.90 crore versus Rs 1,104.20 crore.

  • Net profit down 6% to Rs 115.10 crore versus Rs 121.90 crore.

  • Ebitda down 7% to Rs 129.00 crore versus Rs 138.30 crore.

  • Margin at 12.6% versus 12.5%.

Kaynes Technology India Q2 Highlights (Consolidated, YoY)

  • Revenue rises 58.6% at Rs 572 crore versus Rs 361 crore.

  • Ebitda grew 68% at Rs 82 crore versus Rs 48.8 crore.

  • Margin at 14.3% vs 13.5%.

  • Net profit up 86.4% at Rs 60.2 crore versus Rs 32.3 crore.

GHCL Q2 Highlights (Consolidated, YoY)

  • Revenue down 1.7% at Rs 793 crore versus Rs 806 crore.

  • Ebitda down 1% at Rs 211 crore versus Rs 213 crore.

  • Ebitda margin flat at 26.6% vs 26.5%.

  • Net profit up 8% at Rs 155 crore versus Rs 143 crore.

Unitary Cooling Products of Voltas continued to outperform the market, with volumes growing by 56%. The segment revenue rose 45% reaching Rs 5,384 crore up from Rs 3,723 crore in the same period last year.

eMudhra Q2 Highlights (Consolidated, QoQ)

  • Revenue rises 52.8% at Rs 141 crore versus Rs 92.4 crore.

  • EBIT up 23.4% at Rs 26.4 crore versus Rs 21.4 crore.

  • EBIT margin at 18.7% vs 23.1%.

  • Net profit up 22.5% at Rs 22.3 crore versus Rs 18.2 crore.

ASK Automotive Q2 Highlights (Consolidated, YoY)

  • Revenue up 23% at Rs 974 crore versus Rs 794 crore.

  • Ebitda up 57% at Rs 117 crore versus Rs 74 crore.

  • Ebitda margin at 12% vs 9.4%.

  • Net profit up 63% at Rs 67 crore versus Rs 41 crore.

Websol Q2 Highlights (YoY)

  • Revenue at Rs 144 crore versus Rs 30 lakh.

  • Ebitda at Rs 63 crore versus Ebitda loss of Rs 0.8 crore.

  • Ebitda margin at 43.7%.

  • Net profit at Rs 42 crore versus loss of Rs 4 crore.

HCC Q2 Highlights (Consolidated, YoY)

  • Revenue down 23.2% to Rs 1,406.91 crore versus Rs 1,832.59 crore.

  • Net profit up 902% to Rs 63.93 crore versus Rs 6.38 crore.

  • Ebitda down 4% to Rs 242.39 crore versus Rs 253.79 crore.

  • Margin at 17.2% versus 13.8%.

The order backlog for the quarter ended September stood at a record high of Rs 8,910 crore, providing revenue visibility for the coming several quarters.

In the quarter, orders totaled Rs 1,952 crore, up 11.7% year-on-year.

The service portfolio witnessed substantial year-on-year growth of 65%.

Exports accounted for approximately 22% of total orders booked in the second half of this fiscal with a significant share from high-voltage products and grid integration orders from European and African markets.

Source: Press Release

Hitachi Energy India Q2 Highlights (YoY)

  • Revenue up 26.5% to Rs 1,553.74 crore versus Rs 1,227.95 crore.

  • Net profit up 111% to Rs 52.29 crore versus Rs 24.74 crore.

  • Ebitda up 68% to Rs 109.74 crore versus Rs 65.33 crore.

  • Margin at 7.1% versus 5.3%.

Godrej Agrovet Q2 Highlights (Consolidated, YoY)

  • Revenue down 4.8% to Rs 2,448.75 crore versus Rs 2,570.87 crore.

  • Net profit down 8% to Rs 95.79 crore versus Rs 103.93 crore.

  • Ebitda up 11% to Rs 223.35 crore versus Rs 201.44 crore.

  • Margin at 9.1% versus 7.8%.

Marico Q2 Highlights (Consolidated, YoY)

  • Revenue up 7.6% to Rs 2,664.00 crore versus Rs 2,476.00 crore.

  • Net profit up 20% to Rs 433.00 crore versus Rs 360.00 crore.

  • Ebitda up 5% to Rs 522.00 crore versus Rs 497.00 crore.

  • Margin at 19.6% versus 20.1%.

T D Power Systems Q2 Highlights (Consolidated, YoY)

  • Revenue up 11.9% to Rs 306.44 crore versus Rs 273.73 crore.

  • Net profit up 26% to Rs 41.27 crore versus Rs 32.77 crore.

  • Ebitda up 18% to Rs 55.60 crore versus Rs 47.21 crore.

  • Margin at 18.1% versus 17.2%.

Voltas Q2 Highlights (Consolidated, YoY)

  • Revenue up 14.2% to Rs 2,619.11 crore versus Rs 2,292.75 crore.

  • Net profit up 273% to Rs 132.83 crore versus Rs 35.65 crore.

  • Ebitda up at Rs 162.21 crore versus Rs 70.27 crore.

  • Margin at 6.2% versus 3.1%.

GSK Pharma Q2 Highlights (Consolidated, YoY)

  • Revenue rises 6% at Rs 1,010 crore versus Rs 957 crore.

  • Ebitda rises 11% at Rs 322 crore versus Rs 289 crore.

  • Ebitda margin at 31.8% vs 30.3%.

  • Net profit rises 16% at Rs 253 crore versus Rs 218 crore.

  • Board recommends special interim dividend of Rs 12 per share.

Jimny, Invicto sales isn’t a reflection of Maruti Suzuki’s performance, said Ravindra Chandra Bhargava chairman of Maruti Suzuki.

Source: Con Call

The market under Rs 10 lakh is not growing, that’s a cause of worry, said Ravindra Chandra Bhargava chairman of Maruti Suzuki. ⁠Affordability is a primary concern for slowing sales in the under Rs 10 lakh category, he added.

If that segment doesn’t grow, it stops feeding the upper segments he added.

Source: Con Call

Maruti Suzuki Q2 Results: Profit Plunges 17.5%, Marginal Rise In Revenue

"Festive season hasn’t been up to the mark, it is what it is," said Ravindra Chandra Bhargava chairman of Maruti Suzuki.

He also added industry is not optimistic on an upsurge in demand in second half of this fiscal.

Bhargava further said that the order book is healthy, which should aid retail in the second half of this fiscal.

Source: Con Call

Maruti Suzuki's festive retail sales stand at 2.96 lakh vehicles so far, as against 2.7 lakh a year-ago, said Ravindra Chandra Bhargava chairman of Maruti Suzuki. He further said, retail sales are up in festive season, inventory situation easing

Retail sales up 14% in festive season and wholesales down 4%.

New bookings crossed 4 lakh units in festive season.

Source: Con Call

Engineers India Q2 Highlights (Consolidated, YoY)

  • Revenue falls 12.8% at Rs 689 crore versus Rs 790 crore.

  • Ebitda falls 36.7% at Rs 62.4 crore versus Rs 98.5 crore.

  • Margin at 9.1% vs 12.5%.

  • Net profit falls 21.8% at Rs 99.6 crore versus Rs 127 crore.

SBI Cards Q2 Results: Net Profit Down 33%, Total Income Up 8%

Adani Enterprises Q2 Results: Net Profit Jumps Nearly 500% To Rs 1,989 Crore

The Adani Enterprises board has approved raising up to Rs 2,000 crore via bonds.

Adani Enterprises Q2 Highlights (Consolidated, YoY)

  • Revenue up 15.7% at Rs 22,608 crore versus Rs 19,546 crore.

  • Ebitda up 46% at Rs 3,694 crore versus Rs 2,533 crore.

  • Margin at 16.3% versus 12.9%

  • Net profit up 383% at Rs 1,989 crore versus Rs 333 crore.

V-Mart Retail Q2 Highlights (YoY)

  • Revenue up 20.3% at Rs 661 crore versus Rs 549 crore.

  • Ebitda at Rs 38.6 crore versus Rs 0.7 crore.

  • Margin at 5.8% versus 0.1%.

  • Net profit down 11.9% at Rs 56.5 crore versus Rs 64.1 crore.

Genus Power Infrastructures Q2 Highlights (Consolidated, YoY)

  • Revenue up 88% at Rs 487 crore versus Rs 259 crore.

  • Ebitda at Rs 81.2 crore versus Rs 26.3 crore.

  • Margin at 16.68% versus 10.15%.

  • Net profit up 68.9% at Rs 83.1 crore versus Rs 49.2 crore.

Cipla Q2 Results: Profit Rises 13%, Meets Estimates

Asahi Glass Q2 Highlights (Consolidated, YoY)

  • Revenue up 3.4% at Rs 1,158 crore versus Rs 1120 crore.

  • Ebitda up 14.5% at Rs 213 crore versus Rs 186 crore.

  • Margin at 18.4% versus 16.6%.

  • Net profit up 9.5% at Rs 94.5 crore versus Rs 86.4 crore.

APL Apollo Tubes Q2 Highlights (Consolidated, YoY)

  • Revenue up 68% at Rs 7,774 crore versus Rs 4,630 crore.

  • Ebitda at Rs 3,138 crore versus Rs 325 crore.

  • Ebitda margin at 40.4% versus 7%.

  • Net profit down 73% at Rs 54 crore versus Rs 203 crore.

  • Note: Profit down on higher expenses.

Edelweiss Financial Services Q2 Highlights (YoY)

  • Net profit down 82% at Rs 29 crore versus rs 158 crore.

  • Total income down 44% at Rs 150 crore versus Rs 267 crore.

PCBL Q2 Highlights (Consolidated, YoY)

  • Revenue up 46% at Rs 2,163 crore versus Rs 1,487 crore.

  • Ebitda up 53% at Rs 364 crore versus Rs 238 crore.

  • Ebitda margin at 16.8% versus 16%

  • Net profit up 0.6% at Rs 124 crore versus Rs 123 crore.

Vedant Fashions Q2 Highlights (Consolidated, YoY)

  • Revenue up 23% at Rs 268 crore versus Rs 218 crore.

  • Ebitda up 31% at Rs 122 crore versus Rs 93 crore.

  • Ebitda margin at 45.5% versus 42.5%.

  • Net profit up 37% at Rs 67 crore versus Rs 49 crore.

Five Star Business Finance Q2 Highlights (YoY)

  • Total income up 35.1% at Rs 706 crore versus Rs 522 crore.

  • Net Profit up 34.4% at Rs 269 crore versus Rs 199 crore.

Edelweiss Financial Q2 Highlights (Standalone, YoY)

  • Total income down 44% at Rs 150 crore versus Rs 267 crore

  • Net profit down 82% at Rs 29 crore versus Rs 158 crore

V-Guard Industries Q2 Highlights (Consolidated, YoY)

  • Revenue up 14% at Rs 1,294 crore versus Rs 1,134 crore

  • Net profit up 7.5% at Rs 63.4 crore versus Rs 59 crore

  • Ebitda up 19% at Rs 110 crore versus Rs 92.5 crore

  • Margin at 8.5% versus 8.1%

Steel Strips Wheels Q2 Highlights (Consolidated, YoY)

  • Revenue up 3.4% at Rs 1,095 crore versus Rs 1,134 crore

  • Net profit down 11.9% at Rs 46.1 crore versus Rs 52.3 crore

  • Ebitda down 4.2% at Rs 119 crore versus Rs 124 crore

  • Margin flat at 10.9%

Maruti Suzuki has invested surplus funds in debt mutual funds and acknowledged the impact of the removal of indexation benefits on these investments in Q2. It also made provisions for the increased implied tax on debt mutual funds during the same quarter. As a result of the changes in debt mutual fund taxation, the deferred tax expense rose by Rs 837.6 crore.

Net profit impacted by significantly higher total tax expense of Rs 2,031 crore, compared to Rs 1,082 crore in the year-ago period.

Maruti Suzuki Q2 Results: Profit Plunges 17.5%, Marginal Rise In Revenue

  • Operating revenue grew by 13% YoY to Rs 14,627 crore. Ports revenue increased by 11% to Rs 12,824 crore, logistics revenue increased by 17% to Rs 1,159 crore.

  • Ebitda (excluding forex) increased 21% to Rs 9,217 crore.

  • Net debt to TTM Ebitda at 2x (vs 2.3x in FY24).

  • CRISIL assigned “AAA” rating to APSEZ. India Ratings upgraded APSEZ’s long-term issuer rating to “AAA”.

  • APSEZ’s long term debt is now ranked “AAA” by four domestic rating agencies, including ICRA and CARE.

  • Source: Press release

  • APSEZ clocked 220 million metric ton of cargo volume (up 9% YoY) in first half. The growth was primarily driven by Containers (up 19% YoY)

  • Mundra Port achieved a significant milestone by crossing 100 MMT mark in 181 days (101.1 MMT in H1) .

  • Vizhinjam port docked the largest cargo ship ever to arrive in South Asia (MSC Claude Girardet).

  • Handled 0.31 million TEUs rail volume (up 11% YoY) and 10.7 MMT GPWIS volume (up 20% YoY).

  • Container volume handled at MMLPs increased by 21% YoY to 215,958 TEUs.

  • Source: Press release

Symphony Q2 Highlights (Consolidated, YoY)

  • Revenue up 14.5% at Rs 315 crore versus Rs 275 crore.

  • Net profit up 60% at Rs 56 crore verus Rs 35 crore.

  • Ebitda up 56.1% at Rs 64 crore versus Rs 41 crore.

  • Margin at 20.3% versus 14.9%.

Adani Ports and SEZ is projected to report a revenue of Rs 7,267 crore in the second quarter, while profit may come in at Rs 2,601 crore. Ebitda is expected to be Rs 4,372 crore and a margin of 60.2%

The flagship of the Adani Group, Adani Enterprises is expected to announce a profit of Rs 2,099 crore for the quarter, with revenue estimated at Rs 26,345 crore. Analysts expect an Ebitda of Rs 21,757 crore, resulting in an Ebitda margin of 25.9%.

Cipla, Adani Enterprises, Maruti Suzuki, Canara Bank Q2 Results Today—Earnings Estimates

Stock Market Live: Nifty Trades Below 24,200; Sensex Loses More Than 400 Points

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