Analysts expect earnings before interest and tax (EBIT) at 16.6 percent for the quarter against 16.8 percent in previous quarter as operating efficiencies and cross currency tailwinds, partly offset by impact of wage revision effective June.
Consolidated revenue during the quarter fell 6.9 percent to Rs 560.6 crore compared with Rs 602.2 crore in same quarter last fiscal.
The loan book market share has crossed 1 percent of the industry, said Shyam Srinivasan, MD & CEO, Federal Bank.
Revenue from operations grew by 2 percent to Rs 6,566.4 crore compared with Rs 6,432.3 crore in same quarter last fiscal.
Texmaco Rail and Engineering has delivered a weak set of numbers with the company posting a net loss of Rs 8.3 crore. In an interview to CNBC-TV18, AK Vijay, CFO & ED of the company discussed their Q2 results in details and gave his outlook for the future.
Persistent Systems posted numbers with revenue and margins in-line led by the digital and enterprise segment.
The Kerala-based private sector lender's asset quality improved in September quarter. Gross NPAs declined to 2.39 percent from 2.42 percent and net NPAs fell to 1.32 percent from 1.39 percent on sequential basis
After an impressive rally since its listing in March this year, the stock, which was already a tad too expensive, to begin with, has left little on the table for investors.
The company had reported a profit of Rs 50.83 crore in the same period a year ago.
Operating profit is seen falling 5 percent year-on-year to Rs 1,228 crore and margin may contract by 270 basis points to 18.7 percent mainly on the back of higher commodity prices.
According to average of estimates of analysts polled by CNBC-TV18, net interest income is seen rising 5 percent to Rs 4,741 crore from Rs Rs 4,513.9 crore year-on-year.
Total income of the company grew by 21 per cent to Rs 2,614.25 crore in July-September, against Rs 2,161.38 crore in the same period of previous fiscal, Dewan Housing Finance Corporation Ltd (DHFL) said in a regulatory filing.
Net profit after tax, minority interest and share of associates stood at Rs 114.65 crore in the corresponding July- September quarter of the previous fiscal.
Kansai Nerolac Paints reported a good set of Q2 numbers. In an interview to CNBC-TV18, HM Bharuka, VC & MD of the company discussed the earnings and his outlook going ahead.
The company’s revenue, however, grew 2.7 percent at Rs 1,085 crore against Rs 1,056.6 crore during the same period in the previous year.
The company had reported a net profit of Rs 139.31 crore in the same quarter in the year-ago period.
The net interest income (NII) was higher by over 41 percent at Rs 1,958 crore against Rs 1,385 crore year on year.
GNA Axles is in focus after reporting a subdued set of Q2 numbers. In an interview to CNBC-TV18, Ranbir Singh, President & CEO of GNA Axles spoke about the results and his outlook for the company.
Asset quality improved in quarter gone by. Gross non-performing assets declined to 2.39 percent from 2.42 percent and net NPA fell to 1.32 percent from 1.39 percent on sequential basis.
Brokerages are largely upbeat about the core and operational performance and pin hopes on telecom business to turn profitable soon. Further, they also expect increase in GRMs as well.
In an interview to CNBC-TV18, Harshvardhan Dole of IIFL and Jal Irani, Senior VP-Institutional Equities & Research Analyst at Edelweiss Securities shared their views and readings on Q2 numbers of Reliance Industries.
Gruh Finance saw strong disbursements in the quarter gone by but loan growth was on the lower side. In an interview to CNBC-TV18, Sudhin Choksey, MD of Gruh Finance spoke about the results and his outlook for the company.
While ITC, Maruti Suzuki India, ONGC and SBI suffered losses in their market capitalisation (m-cap) for the week ended Friday, RIL, Tata Consultancy Services (TCS), HDFC Bank, HDFC, Hindustan Unilever Ltd (HUL) and Infosys saw gains.
Watch the speech of Alok Agarwal CFO, RIL where he spoke on the company's second quarter earnings.