SECOND QUARTER NET
Regaal Resources Q2 net profit up 39pc to Rs 23.18 cr
Regaal Resources Ltd has reported a substantial 39 percent rise in net profit for the second quarter of FY27, achieving Rs 23.18 crore compared to last year’s Rs 16.71 crore. Despite a slight 1 percent drop in total income to Rs 316.88 crore, the company managed to reduce expenses from Rs 297.9 crore to Rs 285.16 crore.
Mufin Green Finance gets RBI licence to offer forex, remittance services
Mufin Green Finance has recently received an AD-II licence from the RBI, permitting it to offer forex services. This new licence enables the company to provide remittance services for medical treatments, education, and family maintenance. Mufin anticipates diversifying revenue streams through these fee-based services, reducing reliance on net interest income. The company's recent financial results indicate significant growth in profit and income.
Senco Gold reports 71% YoY rise in consolidated net profit for September quarter
Senco Gold achieved a 71% increase in net profit and a 34% rise in consolidated revenue for Q2 FY27. The company's same-store sales growth reached 19%, indicating strong consumer demand during the quarter. Although EBITDA declined and margins contracted, retail revenue surged by 40% in the first half of the financial year.
Eicher Motors Q2 net profit rises 15% to Rs 1,573 crore, misses estimates
Eicher Motors reported a 15% year-on-year rise in consolidated net profit to ₹1,573 crore in the September quarter, missing analysts’ estimate of ₹1,626 crore as higher raw material costs offset gains from strong sales. Revenue rose 20% to ₹7,422 crore, while EBITDA increased 16% to a record ₹1,760 crore.
Multiple lenders' involvement delaying loan; spectrum renewal not to hit services: Vodafone Idea CEO
Vodafone Idea is experiencing delays in securing a loan from the SBI-led consortium, affecting its plans. The company's CEO, Abhijit Kishore, mentioned that funds from private and foreign banks are sufficient for current capex. Vodafone Idea is working on plans to upgrade its network by 2027 and enhance competitiveness. Its average revenue per user has shown improvement, although losses have increased due to exceptional items.
Shriram Properties Q2 net profit rises 151%, revenue up 19%
Shriram Properties reported a 151% year-on-year rise in Q2 net profit to Rs 21.6 crore, supported by project completions and revenue growth. Revenue increased 19%, while operating profit surged 235%, reflecting improved margins and stronger real estate sales momentum.
Jagatjit Industries Q2 net loss narrows to Rs 4 cr, revenue rises 90%
Jagatjit Industries Ltd has reported a net loss of Rs 3.96 crore for the second quarter of FY27, significantly improving from Rs 27.91 crore lost during the same period last year. Total income surged to Rs 195.43 crore, up from Rs 103.11 crore. In the first half of FY27, the company posted an overall net loss of Rs 12.23 crore, a decrease from Rs 37.81 crore.
Kalyan Jewellers gains 16% in two sessions; analysts see 13% upside
In a bold move, Kalyan Jewellers India announced a significant 31% rise in revenue and a notable 64% boost in net profit. Plans include launching 84 new Kalyan stores along with expanding the Candere and Akshaya Thanga Maligai outlets. Analysts have expressed optimism, issuing 'Buy' ratings based on the growth from non-South markets, which climbed by 21%, positioning the company favorably against unorganized competitors amidst fluctuating gold prices.
Manappuram Finance Q2 results: Profit soars 77% YoY, but NPAs rise
Manappuram Finance posted a 77% year-on-year jump in standalone Q2 net profit to Rs 665 crore. Strong operating income and 92% gold loan growth boosted performance, while gross NPAs increased sequentially to 1.8%.
India's 'achievable' FY27 direct tax target faces a make-or-break second half
India's budgeted direct tax collection target for this fiscal year is Rs 26.97 lakh crore. Current collections are at approximately 53 percent of this target as of November 10. Experts flag the need for a rise in corporate tax and advance tax collections in upcoming months. Non-corporate tax collections have shown slower growth compared to corporate tax collections during the same period.
GRSE shares rise 2% after Q2 net profit climbs 12% YoY
GRSE shares rose on Thursday after the defence shipbuilder reported a 12% year-on-year increase in Q2 FY27 net profit to Rs 171.97 crore. Revenue grew 9% to Rs 1,827 crore, while EBITDA rose 13%. The company also highlighted key project milestones and infrastructure expansion during the quarter.
Hindustan Copper Q2 profit rises 47% to ₹520 cr, revenue up 25%
Hindustan Copper Limited achieved a consolidated net profit of ₹520 crore in the second quarter of FY27. The revenue for the quarter increased to ₹1,175 crore, marking a notable rise. EBITDA rose significantly to ₹703 crore, reflecting enhanced operating efficiency. The EBITDA margin improved to 59.9%, indicating greater profitability compared to the previous quarter. These figures highlight the company's positive financial performance and robust growth trajectory.
GRSE Q2 Results: Net profit rises 12% YoY to Rs 172 crore, revenue up 9%
GRSE reported a 12% year-on-year rise in Q2 FY27 net profit to Rs 171.97 crore, compared with Rs 153.79 crore a year ago. Revenue from operations increased 9% to Rs 1,827 crore, while total expenses rose 8% to Rs 1,654 crore. Net profit margin improved to 9.47% during the quarter.
Sterling drops against firmer dollar as markets price in a hawkish Fed
The pound fell against the dollar following strong US inflation data and comments from Federal Reserve officials. Despite recent hawkish expectations supporting the pound, crude oil prices are rising, which could be unfavorable. Britain's gross domestic product data is due soon, with growth expectations for the third quarter. Analysts remain skeptical about the Bank of England achieving inflation targets before 2030.
Air India makes tangible progress in transformation, but turnaround will take time: Singapore Airlines
Air India is making progress in its multi-year transformation, focusing on customer experience and operational improvements. Singapore Airlines reported lower losses from associated companies, primarily Air India, aiding financial performance. The airline group faced challenges due to elevated jet fuel prices impacting profitability during the first half. Despite this, Singapore Airlines reported improved performance in the second quarter amid record revenues.
Higher input costs drag MRF Q2 net profit down 23%
Tyre maker MRF Ltd reported a 22.8% decline in net profit for the July-September quarter. Revenue from operations saw a growth of 17.4%, reaching Rs 8,660.19 crore compared to the previous year. However, total expenses also rose significantly, driven by sharp increases in raw material costs. The company announced an interim dividend of Rs 3 per share to its shareholders.
Tech investor SoftBank Group logs $7 bn quarterly net loss
The company's profits routinely see wild fluctuations linked to the volatile value of global technology stocks and its changing portfolio of investments and acquisitions.
Q2 Earnings Scorecard: Which sectors outperformed and which fell behind?
The September quarter results indicate strong revenue and profit growth in sectors like automobiles and banking. In contrast, sectors such as IT and pharmaceuticals showed weakness amid inflationary pressures. Automobile sector leaders like Maruti Suzuki and Bajaj Auto reported significant growth in sales and exports. L&T's orders surged, while the cement sector faced challenges with fluctuating prices.
Nuvama Wealth Management Q2 Results: Profit rises 19% YoY to Rs 304 crore
Nuvama Wealth Management Ltd achieved a consolidated net profit of Rs 303.5 crore for Q2 FY27. The company saw a revenue increase of 20.35% to Rs 1,366 crore for the same quarter. Client assets reached Rs 5.5 lakh crore, reflecting a 25% year-on-year growth. Wealth management, asset services, and capital markets drove this substantial growth. The company demonstrated strong operating profits with a return on equity remaining robust at 29%.
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