REVENUES
Tech Mahindra Q2 results preview: One-time gain may drive PAT higher by 100%; revenue growth muted
Tech Mahindra's Q2 revenue growth is expected to be muted with only a 2% year-on-year rise. However, a one-time gain from a land sale is anticipated to double net profit. Margins are forecasted to improve slightly due to cost-control measures.
Tata Consumer Q2 results preview: PAT may fall 5% YoY; new businesses to drive revenue higher
Tata Consumer Products is expected to see a 15% revenue growth in Q2 due to strong performances in new businesses, despite a forecasted 5% dip in net profit because of increased depreciation and finance costs. Analysts predict a combined Rs 320 crore from Capital Foods and Organic India.
Q2 results today: Jio Financial, Tata Consumer among 44 companies to announce earnings on Friday
The second quarter earnings season continues with 44 companies, including Jio Financial, Tata Consumer, and ICICI Lombard, reporting results. Tata Consumer is expected to see a 5% drop in net profit year-on-year, despite a 15% revenue growth driven by new businesses in pharma and food channels.
Infosys net profit rises 4.7% in Q2, misses Street estimates
The guidance change is the sixth consecutive quarterly revision and seventh in eight quarters. Infosys is seeing a “lot of traction in financial services, which has given us good growth last quarter and this quarter,” said chief executive officer Salil Parekh. “We see that continuing.”
Infosys, Wipro show strong sequential growth in Q2 dollar revenue
Infosys and Wipro delivered better than expected sequential growth in dollar denominated revenue for the September quarter. All four top IT exporters reported sequential growth in reported dollar denominated revenue for the September quarter after a gap of six quarters.
Ceat Q2 Results: Net profit declines 42% to Rs 121 crore
Its revenue from operations rose to Rs 3,304 crore for the second quarter compared to Rs 3,053 crore in the year-ago period, Ceat said in a regulatory filing.
- Go To Page 1
Tata Chemicals Q2 Results: Net profit falls 55% to Rs 194 crore
Tata Chemicals on Thursday reported a 54.67 per cent decline in its consolidated net profit at Rs 194 crore during the second quarter ended September 2024. The company's net profit stood at Rs 428 crore during the corresponding period of the previous fiscal, Tata Chemicals said in a regulatory filing.
Jindal Stainless Q2 Results: PAT up 2% at Rs 589 crore, sees tailwinds in domestic market
July-Sep quarter sales at Rs. 9746 crore remain flat as dumping from China and Vietnam continues, says company.
LTIMindtree Q2 Results: Net profit rises 8% YoY to Rs 1,251 crore, revenue up 6%
IT services company LTIMindtree reported 8% year-on-year growth in its consolidated net profit at Rs 1,251 crore in the quarter ended September 2024. Revenue from operations in the reporting period rose 6% year-on-year to Rs 9,433 crore.
Tata Communications Q2 results: Cons PAT rises 3% YoY to Rs 227 crore but declines 32% QoQ
Tata Communications reported a consolidated net profit of Rs 227.23 crore in Q2FY24, up 3% YoY. Revenue from operations stood at Rs 5,767.35 crore, up 18% YoY. Total expenses incurred by the company in the July-September quarter was at Rs 5,503.47 crore versus Rs 4,599.59 crore in Q2FY24.
LTIMindtree Q2 results preview: Strong sequential CC growth seen; margins to expand
LTIMindtree is expected to report strong revenue growth driven by BFSI. Revenue for Q2 may grow up to 3% quarter-on-quarter in constant currency. Analysts foresee EBIT margins improving due to absence of visa costs. Key metrics to monitor include demand outlook, synergy benefits, and management stability. Investors will focus on overall demand commentary.
L&T Technology Services to give Rs 17/share dividend, sets record date on October 25
Midcap IT company L&T Technology Services on Wednesday announced an interim dividend of Rs 17 per share and has set the record date on October 25, 2024.
Q2 results today: Bajaj Auto among 19 companies to announce earnings on Wednesday
Bajaj Auto is anticipated to showcase a 24-29% year-on-year revenue growth for Q2, driven by higher volumes and increased average selling prices, with PAT growth estimated at 22-24%. Other companies reporting results today include Mphasis, Crisil, and South Indian Bank.
Bajaj Auto Q2 Results Preview: Robust volumes to drive revenue growth by up to 29% YoY. PAT may jump by up to 24%
Bajaj Auto is expected to report a 24%-29% YoY growth in September quarter revenue, led by robust volume uptick and ASP increase. Revenue is estimated in the range of Rs 13,336-13,545 crore. YoY net profit (adjusted) growth is likely to be at 22%-24%, putting PAT in the range of Rs 2,246-2,275 crore. Kotak Equities has the highest revenue estimates, while Yes Securities is most bullish on PAT.
Rallis India Q2 Results: Net profit rises 19.50% YoY to Rs 98 crore
Rallis India, a subsidiary of Tata Chemicals, on Tuesday reported a 19.51 per cent growth in net profit during the quarter ending September 30 to Rs 98 crore compared to the same period in the previous financial year.
Goldman Sachs Q3 profit beats estimates on investment banking strength
Goldman Sachs' third-quarter profit beat estimates, fueled by a rebound in bond sales, stock offerings and mergers, sending its shares up more than 3% in premarket trading.
Citigroup Q3 profit beats estimates on investment banking boost
Citigroup posted a smaller-than-expected drop in profit for the third quarter thanks to gains in investment banking, sending its shares more than 2% higher in premarket trading on Tuesday.
Angel One Q2 results: Cons PAT jumps 39% YoY to Rs 423 crore, revenue up 44.5%
Angel One reported a consolidated net profit of Rs 423 crore in Q2FY25, up 39% from Q2FY24. Total revenue from operations stood at Rs 1,515 crore, up 44.5% YoY. On a sequential basis, PAT was up 45% from Q1FY25. Consolidated total gross revenues for the reported quarter stood at Rs 1516 crore versus Rs 1,410 crore in Q1FY25, a growth of 7.5% QoQ
Reliance Retail sees 3.5% revenue decline amid weak demand in fashion
Reliance Retail's revenue declined by 3.5% in Q2 due to weak fashion demand and a strategic approach in its wholesale business. Despite the fall, the company opened 464 new stores, pushing total retail space to 79.4 million square feet, while its net profit increased by 1%.
Sterling & Wilson Q2 Results: Co reports Rs 8.6 crore net profit, revenue jumps 36% YoY
Sterling & Wilson Renewable Energy reported a net profit of Rs 8.57 crore in Q2FY24, up from a net loss of Rs 54.51 crore in Q2FY23. Revenue from operations jumped 35.7% to Rs 1,030.49 crore. For the half year ended September 2024, PAT stood at Rs 13.40 crore, up from a net loss of Rs 149.83 crore in the same period of the previous financial year.
Network18's Q2 net loss widens by 28% to Rs 152 crore amid continued investments
Network18 Media & Investments reported a 28% YoY increase in net loss for the quarter ending 30th September, reaching Rs 152 crore. Losses rose due to sustained investments in digital and sports by its entertainment subsidiary Viacom18. Additionally, Network18 has completed its merger with TV18 and E18, creating India's leading platform-agnostic news media network.
Network18 Q2 Results: Cons loss widens YoY to Rs 221 crore, revenue falls 2%
Network18 Media & Investments on Saturday widened its September quarter consolidated loss to Rs 221 versus Rs 83 crore reported by the company in the year ago period. It was also higher on a sequential basis as the company had reported a net loss at Rs 125 crore in Q1FY25.
DMart Q2 Results: Standalone PAT jumps 8% YoY to Rs 710 crore, revenue up 14%
Avenue Supermarts, which opeartes DMart stores reported an 8% year-on-year jump in its September quarter standalone net profit at Rs 710.37 crore versus Rs 658.54 crore reported in the year ago period.
Q2 results today: Just Dial among 6 companies to announce earnings on Friday
Six companies, including Just Dial, are set to announce their second-quarter results on Friday. Analysts predict this quarter might be the weakest in four years for corporate India, with Nifty earnings projected to grow by just 2%. Just Dial is anticipated to show a 75% rise in profit year-on-year, driven by growth in paid campaigns and improved EBITDA margins.
India deal lifts TCS Q2 revenue
CEO K Krithivasan cited “some signs of improvement, most notably in financial services in North America,” acknowledging that the “demand outlook continues to remain cautious”, on an analyst call after earnings were announced. A planned press conference was cancelled due to the death of Ratan Tata.
TCS clear of clouds for now, but rough weather ahead
On the positive side, the traction in new deals for the banks, financial services, and insurance (BFSI) vertical showed improvement and headcount increased year-on-year for the first time in five quarters. Given the seasonal weakness in the remaining two quarters of the current fiscal year, the overall growth and margin trajectory may show stress on a full year basis, which may weigh on the company’s stock price in the near term.
Tata Elxsi Q2 Results: PAT rises 14% YoY to Rs 229 crore; revenue up 8%
Tata Elxsi reported a 14% increase in net profit at Rs 229 crore for the second quarter. Revenue from operations grew by 8% to Rs 955 crore. Growth was driven by strong performance in emerging markets, particularly in transportation. A $50 million deal with a global OEM also contributed. Media and healthcare segments saw some declines.
IREDA Q2 Results: PAT jumps 36% YoY to Rs 388 crore, revenue up 38%
State-run Indian Renewable Energy Development Agency (IREDA) on Thursday reported a net profit of Rs 388 crore for the quarter ended September 30, 2024 which was up 36% over Rs 285 crore reported by the company in the year ago period. Revenue from operations in Q2FY25 stood at Rs 1,629 crore which was up by 38% against Rs 1,177 crore reported by the company in Q2FY24.
Anand Rathi Q2 Results: Cons PAT jumps 32% YoY to Rs 76 crore. Rs 7/share interim dividend declared
Anand Rathi Wealth posted a net profit of Rs 76 crores for Q2FY25, up 32% from the previous year. Total revenue rose 32% to Rs 250 crores. AUM grew by 57% to Rs 75,084 crores. The company welcomed 1,066 new client families in the first half of FY25. An interim dividend of Rs 7 per share was declared.
Load More
