HINDALCO INDUSTRIES LTD Q3 RESULTS
Q2FY25 review: Weak quarter as Nifty delivers just 4% YoY earnings growth; RIL, BPCL among major drags
India's corporate earnings for Q2 FY25 showed a modest 4% YoY profit growth, slightly surpassing the 3% estimate. This marks the second consecutive quarter of single-digit growth since mid-2020. While key players like SBI, ICICI Bank, and Hindalco boosted earnings, sectors like oil, metals, and energy, including BPCL, JSW Steel, and Reliance, weighed down overall performance, according to MOFSL.
Grasim shares slip 2% after Q2 PAT declines 66% YoY
Grasim Industries witnessed a 66% decline in Q2 consolidated net profit, reaching Rs 389 crore, despite an 11% surge in revenue, reaching Rs 33,563 crore. This downturn is attributed to reduced profit margins in the cement sector and initial investments in the 'Birla Opus' paint business.
Grasim Industries Q2 Results: PAT falls 66% YoY to Rs 390 crore, revenue rises 11%
Grasim Industries Q2 Results FY25: Grasim Industries, the flagship company of Aditya Birla Group, on Thursday reported a 66% fall in its consolidated net profit at Rs 390 crore in the second quarter, compared with Rs 1164 crore in the last year quarter.
Hero MotoCorp Q2 Results: Standalone profit rises 14% YoY to Rs 1,204 crore, revenue up 11%
India's leading two-wheeler maker Hero MotoCorp on Thursday reported 14% growth in its standalone net profit at Rs 1,204 crore in the second quarter. It was Rs 1054 crore in the year-ago quarter.
Delhivery Q2 Results: Co posts Rs 10 cr profit vs YoY loss, revenue up 13%
Delhivery reported a net profit of Rs 10 crore in Q2FY25, compared to a loss of Rs 103 crore in Q2FY24. Revenue grew 13% YoY to Rs 2,190 crore. EBITDA increased to Rs 57 crore. Express Parcel revenue grew 7% YoY, and Part Truckload revenue grew 27% YoY.
PI Industries shares nosedive 9% as Q2 results disappoint Street
PI Industries Share Price: PI Industries shares dropped 9% despite a 6% YoY rise in Q2 profit, driven by biological growth and improved gross margins. However, domestic revenue saw a decline.
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Major Apple supplier Foxconn expected to report strong Q3 results on AI boom
Foxconn's shares have surged more than 100% so far in 2024, far outperforming the broader market's 28% gain. Foxconn said last month it was building in Mexico the world's largest manufacturing facility for bundling Nvidia's GB200 superchips, a key component of the US firm's next-generation Blackwell family computing platform.
Earnings downgrade cycle largely over, no major cuts expected from Q3 onwards: Pawan Parakh
I strongly believe that earnings misses have largely bottomed out in Q2. If we look at corporate India's performance, two sectors have disappointed slightly. First is the banking sector, where we’ve seen a rise in NPAs from unsecured loans
Eicher Motors Q2 Results: Standalone PAT rises 8% YoY to Rs 1,010 crore, revenue up 7%
Eicher Motors Q2 Results FY25: Eicher Motors Ltd on Wednesday reported 8% growth in its standalone net profit at Rs 1,010 crore in the quarter ended September 2024. The same stood at Rs 938 crore in the last year quarter.
Q2 results today: Vodafone Idea, Eicher Motors among 650 companies to announce earnings on Wednesday
Vodafone Idea is expected to report a narrower consolidated loss for the second quarter, driven by revenue growth and improved ARPU. Analysts predict a loss between Rs 6300-6400 crore, with revenue rising 5% year-on-year. Subscriber base may decline, but ARPU is projected to reach Rs 156-159.
Shree Cement shares fall 4% after Q2 results disappoint. Should you invest?
Shree Cement’s shares fell 4% on Tuesday to Rs 23,500.15 after the company reported an 80% YoY drop in Q2 profit, down to Rs 93.13 crore. The decline was driven by weak demand and lower prices for cement. Despite the seasonally slow quarter, sales volume also dropped 7% to 7.60 million tonnes.
Add Hindalco Industries, target price Rs 790: ICICI Securities
ICICI Securities has downgraded its rating for Hindalco Industries to 'add' from 'buy', lowering the target price to Rs 790 from Rs 830. Despite a positive long-term outlook, short-term profitability concerns arise from volatile scrap prices. Although Hindalco is implementing mitigation strategies, ICICI Securities has adjusted EBITDA projections downwards for FY25 and FY26.
Hindalco shares rally over 2% as Q2 profit beats estimates. Should you buy, sell, or hold?
Hindalco Share Price: Hindalco's shares climbed after the company announced a significant jump in its second-quarter net profit. The company's profit soared by 123% compared to the same period last year. This impressive performance was driven by strong results in its India business. Analysts are optimistic about Hindalco's future prospects, with JP Morgan and Investec maintaining positive ratings on the stock.
Hindalco Q2 Results: Standalone net profit soars 123% YoY to Rs 1,891 crore, beats estimates
Hindalco Q2 Results: Profit exceeded the Street estimate of Rs 1,294 crore, with revenue from operations rising 8% YoY to Rs 22,262 crore in the period. Strong profit growth was fueled by solid operational performance in the India business, favourable macro conditions, and effective cost management.
Aarti Industries shares tumble 9% as Q2 PAT falls 43% YoY
Aarti Industries Share Price: Aarti Industries shares fell 9.3% after reporting a 43% YoY drop in PAT for Q2. Despite a 12% revenue rise, challenges in agrochemical and energy sectors impacted performance.
Q2 results today: ONGC, Hindalco among 326 companies to announce earnings on Monday
Apart from the above, NMDC, Bank of India, UPL, Hindustan Copper, Devyani International, Blue Dart Express, BEML, PG Electroplast and a few others will announce their quarterly results.
Aurobindo Pharma Q2 net profit rises 8.6% to Rs 817 crore in Q2FY25
Aurobindo Pharma witnessed an 8.6% YoY increase in net profit, reaching Rs 817 crore in Q2 FY25, driven by robust sales in Europe and growth markets. Despite a dip in US formulations revenue, the company's overall revenue rose by 8% YoY.
Tata Motors revvs up for Q3 with new models, festive buzz, and a little extra inventory
Tata Motors experienced a decline in registrations and profits in Q2 FY25, attributing it to a dip in industry registrations and EV subsidy lapses. Despite this, the company anticipates a demand surge in Q3 due to the festive season. Although retail sales saw growth, wholesale sales remained stagnant, leading to increased inventory levels.
Tata Motors Q2 Results: Cons PAT falls 11% YoY to Rs 3,343 crore, misses estimates
Tata Motors Q2 Results: During the quarter, its revenue dropped 3.5% YoY to Rs 101,450 crore. In a challenging environment, the company’s EBITDA margin dropped by 230 bps YoY to 11.4%, with caution on short-term domestic demand. JLR revenue fell 5.6% to £6.5 billion due to supply issues, leading to a 220 bps EBIT margin drop to 5.1%. Commercial vehicle revenue declined 13.9%, but EBITDA margin improved to 10.8% (up 40 bps) due to favourable pricing and cost savings.
Hindalco shares tumble 7% as recycling arm Novelis logs weak Q2 numbers
Hindalco Share Price: Hindalco's shares plummeted 7% following subsidiary Novelis's announcement of an 18% drop in net income, settling at $128 million for Q2 FY2025. Despite a 5% growth in net sales driven by higher aluminum prices, Novelis's adjusted EBITDA declined 5% YoY, impacted by a flooding event at its Sierre facility.
JK Tyres Q2 net falls 42% on weak demand, high natural rubber prices
JK Tyre & Industries' consolidated net profit plummeted by 42% in the September quarter, primarily due to a downturn in the commercial vehicle sector and a surge in natural rubber prices. Despite implementing price hikes, the company experienced a decline in revenue and margins.
Tilaknagar Industries stock jumps over 17%, hits 52-week high post Q2 results
Tilaknagar Industries' share price jumped 17% to a 52-week high of Rs 341.9 on the NSE following strong Q2 FY25 earnings. The company reported an 82.4% rise in profit after tax (PAT), reaching Rs 58.2 crore, up from Rs 31.9 crore in Q2 FY24, driven by robust operational performance.
Q2 results today: Maruti, Adani Enterprises among 139 companies to announce earnings on Tuesday
Q2 earnings for Maruti and Cipla are expected to be muted, with Maruti likely seeing a 2% decline in volumes and flat revenues, while net profit could drop up to 5%. Cipla may report 3-6% revenue growth and a 4-5.7% rise in net profit.
Bharti Airtel Q2 Results: Net profit soars 168% YoY to Rs 3,593 crore, ARPU rises to Rs 233
Bharti Airtel Q2 Results: The company's revenue from operations for the quarter reached Rs 41,473 crore, marking a 12% increase from Rs 37,044 crore in the same quarter last year. The average revenue per user (ARPU) rose 15% year-on-year to Rs 233 from Rs 203 in Q2FY24. Consolidated net income (before exceptional items) increased by 32.2% YoY to Rs 3,911 crore.
DLF shares rally 8% after reporting 122% YoY jump in Q2 PAT. Should you invest?
Revenue from operations for the reported quarter reached Rs 1,975 crore, marking a 46% increase from Rs 1,348 crore in the same period last year. Sequentially, net profit rose 114% in the quarter, compared to Rs 646 crore in the previous quarter.
Q2 results today: YES Bank, ICICI Bank among 63 companies to announce earnings on Saturday
The second quarter earnings season sees 63 companies disclosing their July-September 2024 results. Key players like YES Bank, ICICI Bank, and IDFC First Bank are among them. ICICI Bank is expected to show an 8-11% rise in net interest income, while YES Bank might report up to a 115% increase in net profit.
Schaeffler India Q3 Results: PAT grows marginally to Rs 236.41 crore
Schaeffler India on Wednesday said its consolidated Profit After Tax grew marginally to Rs 236.41 crore in the July-September quarter of this year, from Rs 232.76 crore a year ago.
Aditya Birla Real Estate Q2 Results: Firm posts profit of Rs 3 cr; revenue jumps 30% YoY
Total income rose to Rs 1,138.08 crore during the July-September period of 2024-25 fiscal from Rs 873.70 crore in the corresponding period of the preceding year, according to a regulatory filing.
Reliance Retail Q2 Results: Profit rises 1.3% YoY to Rs 2,836 crore, revenue declines by 3.5%
Reliance Retail Q2 Results: Company experienced a 3.5% decline in revenue, reaching Rs 66,502 crore compared to Rs 68,937 crore in the same quarter last year. This dip was attributed to weaker demand in the fashion and lifestyle sector, along with a strategic focus on streamlining operations and adjusting its B2B approach to boost margins. Despite this, the retail arm still generated a substantial gross revenue of Rs 76,302 crore, though this figure also represents a 1.1% drop year-on-year.
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