Q2 Results Live: Bharat Forge Profit Up 23%; Cera Profit Drops 17%; Bajaj Finserv, Biocon In Focus

Unichem Labs Q2 Highlights (Cons, YoY)

• Revenue up 14.1% at Rs 579 crore versus Rs 507 crore

• EBITDA up 19.3% at Rs 66.2 crore versus Rs 55.5 crore

• Margin at 11.4% versus 10.9%

• Net loss of Rs 11.9 crore versus profit of Rs 24.6 crore

EPL Q2 Highlights (Cons, YoY)

• Revenue up 11% at Rs 1,206 crore versus Rs 1,086 crore

• EBITDA up 14% at Rs 252 crore versus Rs 221 crore

• Margin at 20.9% versus 20.3%

• To pay dividend of Rs 2.5 per share

Bharat Forge says:

• Quarterly performance was impacted by sharp decline in North American truck production

• Decline in the North American truck production resulted in inventory destocking

• Standalone revenues decline impacted by 16% drop in North American revenues

• CV exports to North American declined by 48% (qoq) & 63% (yoy)

• Impact on North American business was minimised with Ebitda at Rs 545 crore

• US & European operations saw weakness driven by seasonality & prevailing sentiments

• Review of the European steel manufacturing footprint is on track

• On European steel mfg: Expect to have concrete measures in place by the end of this fiscal

Bharat Forge Q2 Highlights (Cons, YoY)

• Revenue up 9.3% at Rs 4,032 crore versus Rs 3,689 crore

• EBITDA up 12% at Rs 726 crore versus Rs 647 crore

• Margin at 18% versus 17.5%

• Net Profit up 23% at Rs 299 crore versus Rs 243 crore

Cera Sanitaryware Q2 Highlights (Cons, YoY)

• Revenue down 0.4% at Rs 488 crore versus Rs 490 crore

• EBITDA down 3.5% at Rs 67.1 crore versus Rs 69.6 crore

• Margin at 13.8% versus 14.2%

• Net Profit down 16.8% at Rs 56.7 crore versus Rs 68.1 crore