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Headwinds stir, but fail to shake as ET500 companies show strong revenue and profit growth in FY24
On a year-on-year basis, the sample's revenue increased by 8.7% in FY24, slower than the 22% growth in the previous year, reflecting demand weakness. Net profit, on the other hand, shot up by 30% to Rs 14.2 lakh crore due to softer input costs and stable interest outgo relative to the operating profit (EBIT). Net margin improved to 8.7% compared with 7.3% in the previous year and 4.9% five years ago.
Telegram founder says messaging app profitable for first time
The founder and chief executive of the Telegram encrypted messaging app Pavel Durov said on Monday that the platform had recorded a net profit for the first time in 2024, with annual revenue exceeding $1 billion. Durov said the move had helped reach revenues exceeding $1 billion, with subscribers to the app's premium service tripling to 12 million.
Siemens Q4 Results: Net profit zooms 45% to Rs 775 crore
Nov 26 (PT) Siemens on Tuesday posted a 45 per cent jump in its net profit to Rs 775 crore in the July-September quarter compared to the year-ago period on higher revenues. The company had reported a net profit of Rs 534 crore in the quarter ended on September 2023, a company statement said.
ReNew Q2 Results: Net profit jumps 31% YoY to Rs 494 crore
ReNew's total income in the second quarter also rose to Rs 2,988.7 crore (USD 357 million) from Rs 2,863.2 crore (USD 342 million) during the same period last financial year.
Medanta Q2 Results: Co reports 4.5% jump in net profit to Rs 130.8 crore
Global Health (Medanta) witnessed a 4.5% rise in net profit, reaching Rs. 130.8 crore in Q2FY25, driven by revenue growth from existing and new hospitals, coupled with increased patient numbers. Their revenue climbed 12.7% YoY, hitting Rs 975 crore, with EBITDA at Rs 247 crore, marking a 5.5% YoY increase.
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.
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Global Health Q2 Results: Medanta operator posts 5% rise in net profit YoY at Rs 131 crore
Global Health, which operates hospitals under the Medanta brand, on Thursday said its profit after tax increased 5 per cent to Rs 131 crore in the September 2024 quarter. The healthcare provider reported a Profit After Tax (PAT) of Rs 125 crore in the July-September quarter a year ago.
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.
Muthoot Finance Q2 Results: Net profit rises 21% to Rs 1,321 crore
Muthoot Finance reported a 21% YoY rise in consolidated net profit to Rs 1321 crore in Q2FY25. Standalone net profit grew 26% to Rs 1251 crore. Assets under management increased 31% YoY to Rs 90,197 crore.
Bharat Forge Q2 Results: Net profit rises 13% YoY at Rs 243 crore
Auto component firm Bharat Forge on Thursday said its consolidated net profit increased 13 per cent year-on-year to Rs 243 crore for the second quarter ended September 30, 2024.
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.
HAL Q2 Results: Cons PAT jumps 22% YoY to Rs 1,510 crore, revenue up 6%
HAL Q2 Results FY25: Hindustan Aeronautics Limited (HAL) reported a consolidated net profit of Rs 1,510 crore for the quarter ending September 30, 2024, reflecting a 22% year-on-year growth from Rs 1,237 crore in the same quarter of the previous year.
Q2 results today: Grasim, Hero MotoCorp among 1203 companies to announce earnings on Thursday
Get ready for a busy day in the Indian stock market. Over 1200 companies will reveal their financial performance for the July-September quarter. Keep an eye on major players like Hero MotoCorp and Grasim Industries. Analysts predict growth for both companies, driven by higher sales and improved profitability.
NBCC Q2 Results: Profit jumps 53% to Rs 125.13 crore
State-owned NBCC (India) Ltd on Wednesday reported a 53 per cent increase in its consolidated net profit at Rs 125.13 crore for the quarter ended September on higher income. Its net profit stood at Rs 81.90 crore in the year-ago period.
Apollo Tyres Q2 Results: Net profit falls 37% to Rs 297 crore
Apollo Tyres reported a 37% decline in its consolidated net profit for the September 2024 quarter, reaching Rs 297 crore. The company attributed the decrease to weak demand in the Indian OEM segment and a surge in raw material costs. Despite this, revenue from operations saw a slight increase to Rs 6,437 crore compared to the same period last year.
Suven Pharma Q2 Results: Net profit rises 3% to Rs 82 crore
PE firm Advent backed Suven Pharma net profit rose 3% year-on-year (YoY) to Rs 82 crore in Q2FY25 compared to Rs 79.6 crore in the corresponding period of the previous year.
Alkem Labs Q2 Results: Net profit rises 11% to Rs 689 crore
Alkem Laboratories on Wednesday posted a 11% year-on-year (y-o-y) jump in net profit to Rs 689 crore in Q2FY25 led by growth in domestic formulation sales.
Bosch Q2 Results: Net profit falls 46% to Rs 536 cr; revenue at Rs 4,394 cr
Auto components firm Bosch on Tuesday said its consolidated net profit declined 46 per cent on-year to Rs 536 crore in the September 2024 quarter. The company reported a net profit of Rs 1,000 crore in the July-September quarter of last fiscal.
Akums Drugs adj. net profit rises 16% YoY to Rs 66.7 crore in Q2FY25
Akums Drugs and Pharmaceutical, a Delhi-based company, reported a 16% rise in profits compared to the same period last year. The company achieved this through improved operational efficiency. However, revenue decreased by 11.9% due to lower prices of active pharmaceutical ingredients and fluctuating demand.
Bank of India Q2 Results: Profit jumps 63% to Rs 2,374 crore
Bank of India (BoI) on Monday reported a 63 per cent jump in net profit to Rs 2,374 crore for the second quarter ended on September 30, 2024, on higher non-interest income. The public sector bank had a net profit of Rs 1,458 crore in the quarter ended in September 2023.
Godfrey Phillips India Q2 Results: Net profit up 23% at Rs 248.31 crore
Cigarette maker Godfrey Phillips India Ltd on Monday reported a 23 per cent rise in consolidated net profit to Rs 248.31 crore in the second quarter ended September 30, 2024, fuelled by higher sales.
Vedanta Q2 Results: Company is back in black with Rs 5,603 crore net profit, aims to cut more debt
Vedanta aims to reduce its debt-to-operating profit ratio to below 1 in two years. The company reported a net profit of ?5,603 crore in Q2FY25, with a 44% YoY increase in operating profit. Net debt fell to ?56,927 crore, and the company is optimistic about a stronger second half of the year.
Divi¡¯s Laboratories Q2 Results: Company posts 47% jump in net profit in Q2FY25
Divi's Laboratories witnessed a 46.6% surge in profit, reaching Rs. 510 crores in Q2FY25, fueled by robust growth in their custom synthesis business. This growth was driven by increased demand from new and existing customers seeking supply chain diversification beyond China.
Fortis Healthcare Q2 Results: Net profit rises 5% YoY to Rs 193 crore
Fortis Healthcare on Friday said its consolidated net profit increased by 5 per cent year on year to Rs 193 crore for the second quarter ended September 30, 2024, aided by strong performance by the hospital segment.
Shipping Corp Q2 Results: Net profit jumps multi-fold to Rs 291 crore
Disinvestment-bound Shipping Corporation of India Ltd (SCI) on Friday reported a multi-fold rise in its consolidated net profit to Rs 291.44 crore for the second quarter ended September 2024.
Orient Cement Q2 Results: Profit slides 90% to Rs 2.32 cr, sales down 24%
CK Birla group firm Orient Cement Ltd on Friday reported a 90.5 per cent decline in net profit to Rs 2.32 crore for the second quarter ended September 2024. The company reported a net profit of Rs 24.62 crore for the July-September quarter a year ago.
PFC Q2 Results: Profit rises nearly 9% to Rs 7,215 cr
State-owned Power Finance Corporation (PFC) on Friday posted nearly 9 per cent rise in consolidated net profit at Rs 7,214.90 crore for September quarter mainly on the back of higher revenues.
Info Edge Q2 Results: PAT slides 59% YoY to Rs 86 crore; revenue rises 11%
Revenue from operations grew 11% to Rs 656 crore in the quarter, up from Rs 593 crore in the same period last year. The recruitment business saw steady growth in Q2, while non-recruitment segments also expanded, reducing operating losses.
Q2 results today: SBI, Tata Motors among 152 companies to announce earnings on Friday
Over 150 companies, including major players like SBI, LIC, Tata Motors, and Vedanta, are set to release their July-September 2024 quarter results today. SBI is predicted to show single-digit growth in net interest income, while Tata Motors is expected to see a 30% rise in net profit despite muted revenue growth.
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