Quarterly Results: Key Financial Highlights from Leading Companies

Team FS

    25/Oct/2024

What's Covered in the Article

  1. Credit Access Gramin, InterGlobe Aviation, and Tatva Chintan posted mixed Q2 results, reflecting sector-specific trends.
  2. Dolphin Offshore and Hindustan Hardy reported significant profit growth, while Zee Media faced losses in Q2.
  3. HPCL, BEL, and JSW Steel reported varied Q2 performances, highlighting shifts across sectors in the market.

Credit Access Gramin

Credit Access Gramin showed a robust revenue growth of ₹1,453 crore, up from ₹1,247 crore YoY and slightly up from ₹1,437 crore QoQ. Net profit, however, saw a notable decline to ₹186 crore from ₹347 crore YoY and from ₹398 crore in the previous quarter. Net Interest Income (NII) recorded an increase to ₹933 crore from ₹763 crore YoY, indicating a steady core performance despite profit reductions.

InterGlobe Aviation (IndiGo)

IndiGo, operated by InterGlobe Aviation, recorded a significant net loss of ₹986 crore this quarter, a stark contrast to the ₹188 crore profit YoY and ₹2,728 crore profit QoQ. Revenue increased by 14% YoY to ₹16,969 crore but declined 13% QoQ, reflecting pressure from rising costs and competitive dynamics. EBITDA also saw a decrease by 26% YoY to ₹1,630 crore, and operating margins dropped to 9.6% from 14.72% YoY.

Tatva Chintan Pharma Chem

Tatva Chintan’s Q2 results displayed challenges with a net loss of ₹0.6 crore compared to a ₹7.7 crore profit YoY and ₹5.2 crore profit QoQ. Revenue declined by 14% YoY and 21% QoQ, signaling demand fluctuations. EBITDA dropped sharply by 73% YoY, impacting margins which stood at 6.6% against 20.9% YoY.

Dolphin Offshore

Dolphin Offshore emerged as a strong performer with an impressive 267% increase in net profit to ₹12.92 crore YoY, and a 71% increase QoQ. Revenue soared by 720% YoY and 101% QoQ, reflecting high operational efficiency and demand in offshore services. EBITDA showed exceptional growth at 1,373% YoY, with margins reaching 75.3%.

Hindustan Hardy

Hindustan Hardy posted substantial growth in profitability, with net profit up by 133% to ₹1.93 crore YoY, and 144% QoQ. Revenue also rose by 21% YoY and QoQ, and EBITDA doubled YoY, reflecting improved operational metrics with margins of 14.3%.

Zee Media

Zee Media reported a continued struggle, with a net loss of ₹49.8 crore compared to a ₹30.7 crore loss YoY and ₹10.38 crore loss QoQ. Revenue declined by 14% YoY, with EBITDA loss widening to 31.43% YoY, indicating ongoing challenges in the media industry.

MOIL

MOIL’s results for Q2 showed a decline in net profit by 18.9% to ₹50 crore from ₹61.5 crore YoY, accompanied by a revenue drop of 16.5% to ₹292 crore. EBITDA also declined by 17.6%, with margins down to 27.1%.

ICRA

ICRA recorded a positive trend, with net profit rising by 15.41% YoY to ₹367 million and revenue increasing by 23.81% YoY to ₹1,300 million. EBITDA also rose by 21.11% YoY, marking strong performance in credit rating services.

Shah Polymers

Shah Polymers reported a net profit increase of 136% to ₹0.26 crore YoY but a 7% decline QoQ. Revenue grew 23% YoY, although EBITDA fell by 9% YoY, suggesting challenges in cost management with margins at 2.62%.

Inox Green Energy

Inox Green Energy’s Q2 net profit rose by 11% YoY and 70% QoQ, with revenue up 16% YoY and 8% QoQ. EBITDA also showed strong growth, supporting margins of 33.61%.

Bank of Baroda

Bank of Baroda reported a net profit rise of 23% YoY to ₹5,237 crore and 17% QoQ. Net interest income increased by 7% YoY, while the operating profit grew 18% QoQ. However, provisions saw a 131% rise QoQ, impacting the bottom line. Gross and Net NPAs improved slightly, showing stable asset quality.

Shriram Finance

Shriram Finance posted a net profit increase of 18% YoY to ₹2,071 crore and 5% QoQ, supported by a 19% rise in NII YoY. Gross NPA and Net NPA figures showed improvement, and the Return on Assets (RoA) stood at 3.06%.

HPCL

HPCL reported a 77.4% QoQ rise in net profit to ₹631 crore, despite a 12.2% decline in revenue QoQ. EBITDA increased by 29.3%, highlighting improvements in profitability with margins reaching 2.7%.

Bharat Electronics Limited (BEL)

BEL’s Q2 results showcased a 34.4% YoY rise in net profit to ₹1,091.3 crore and revenue growth of 14.8% YoY, with EBITDA increasing by 38.3% and margins at 30.3%.

JSW Steel

JSW Steel reported a sharp decrease in net profit YoY to ₹440 crore, impacted by lower revenue and EBITDA, with margins down to 13.7%.

Apollo Pipes

Apollo Pipes experienced a challenging quarter with net profit at ₹4.5 crore, down from ₹12.9 crore YoY, as revenue and EBITDA both declined, signaling operational pressures.

Also Read : Indian Stock Market Falls as Sensex and Nifty Drop Nearly 1% on October 25, 2024

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