Q2 Results 2024 Updates: Pfizer reports net profit at Rs 158.4 cr; Revenue up 2.3%

Q2 Results 2024 Live: Quess Corp reports Q2 Results

Net profit up 32% at Rs 93.6 cr vs Rs 71 cr (YoY)

Revenue up 9.1% at Rs 5,179.3 cr vs Rs 4,748.3 cr (YoY)

EBITDA up 16.2% at Rs 195.5 cr vs Rs 168.3 cr (YoY)

Margin at 3.8% vs 3.5% (YoY)

Q2 Results 2024 Live: Genesys International posts Rs 11.2 cr profit in Q2

Digital maps and geospatial company Genesys International has posted a consolidated profit of Rs 11.23 crore in the September quarter.

The company had posted a loss of Rs 3.3 crore in the same period a year ago.

The consolidated revenue of Genesys International more than doubled to Rs 73.02 crore during the reported quarter from Rs 34.29 crore in the September 2023 quarter.

Q2 Results 2024 Live: CAMS profit rises 45 pc to Rs 122 crore in Sep qtr

CAMS, which acts as a registrar and transfer agent for mutual funds, on Monday reported a 45 per cent rise in profit after tax to Rs 122.5 crore for the three months ended September 2024.

It had a profit after tax (PAT) of Rs 84.51 crore in the same quarter of the preceding fiscal.

The company's revenues from operations rose 33 per cent to Rs 365.17 in the July-September quarter of the current financial year (FY25) from Rs 275 crore in the year-ago period, the company said in a statement.

Q2 Results 2024 Live: Shree Renuka Sugars net loss narrows to Rs 22.3 cr in Sep qtr

Shree Renuka Sugars on Monday reported a consolidated net loss of Rs 22.3 crore in the quarter ended September.

Its net loss stood at Rs 204.9 crore in the year-ago period.

Total income rose to Rs 2,578.2 crore during the July-September period of this fiscal from Rs 2,564.7 crore in the corresponding period of the previous year.

Q2 Results 2024 Live: Servotech Power Systems Q2 net profit grows to over Rs 11 cr

Servotech Power Systems on Monday reported over three-fold rise in consolidated net profit at Rs 11.24 crore in September quarter, aided by higher income.

Its "net profit for the period" was at Rs 3.12 crore in the July-September period of preceding 2023-24 fiscal, the company said in an exchange filing.

The company's total income rose over two-fold to Rs 200.06 crore from Rs 86.59 crore in the year-ago period.

Q2 Results 2024 Live: Spandana Sphoorty reports Q2 Results

Net loss at Rs 204 cr vs profit of Rs 116.3 cr (YoY)

NII up 21% At Rs 395.7 Cr Vs Rs 361.4 Cr (YoY)

Gross NPA ratio at 4.86% vs 2.60% (YoY)

Net NPA ratio at 0.99% vs 0.53% (YoY)

Q2 Results 2024 Live: Kalpataru Projects International Q2 net profit grows 40% to Rs 125.5 cr

Kalpataru Projects International Ltd (KPIL) on Monday reported about 40 per cent rise in consolidated net profit to Rs 125.56 crore in the September quarter aided by higher income.

It had posted a net profit of Rs 89.89 crore in the July-September period of the preceding 2023-24 fiscal year, the company said in an exchange filing.

Its total income rose to Rs 4,946.98 crore from Rs 4,530.49 crore in the year-ago period.

Q2 Results 2024 Live: JBM Auto profit rises 11.45% to Rs 49.15-cr in Sept quarter

Automotive and EV firm JBM Auto Ltd on Monday reported an 11.45 per cent growth in net profit to Rs 49.15 crore in the September quarter over the same quarter last year.

The company had posted a net profit of Rs 44.10 crore in the July-September period of FY 24.

Net sales, including other operating income for the second quarter stood at Rs 1,285.98 crore compared to Rs 1,231 crore in Q2FY24, a year-on-year increase of 4.47 per cent, the company said.

Q2 Results 2024 Live: Federal Bank reports Q2 Results

Net profit at Rs 1,056.7 cr

NII at Rs 2,367.3 cr

Net profit up 10.8% at Rs 1,056.7 cr vs Rs 954 cr (YoY)

NII up 15% at Rs 2,367.3 cr vs Rs 2,056.4 Cr (YoY)

Q2 Results 2024 Live: Tata Technologies Q2 PAT down 1.85 pc at Rs 157.41 cr

Tata Technologies Ltd on Monday reported a 1.85 per cent decline in consolidated profit after tax at Rs 157.41 crore in the first quarter ended September 30, 2024.

The company had posted a consolidated profit after tax of Rs 160.38 crore in the corresponding period last fiscal, Tata Technologies Ltd (TTL) said in a regulatory filing.

Consolidated revenue from operations in the quarter under review stood at Rs 1,296.45 crore as against Rs 1,269.17 crore in the year-ago period, it added.

Q2 Results 2024 Live: Paramount Cables Q2 PAT rises 4 pc to Rs 20 cr

Industrial wire maker Paramount Cables has reported a 4 per cent rise in its consolidated profit after tax to Rs 20.33 crore during the quarter ended September on account of higher income.

It had posted Rs 19.48 crore profit after tax (PAT) in the July-September quarter of the preceding 2023-24 fiscal, the company said in an exchange filing.

During the second quarter, the company's total income also rose to Rs 358.17 crore from Rs 254.32 crore a year ago, a 40 per cent rise.

Q2 Results 2024 Live: Pfizer reports Q2 Results

Net profit up 6.3% at Rs 158.4 cr vs Rs 149 cr (YoY)

Revenue up 2.3% at Rs 588.6 cr vs Rs 575.2 cr (YoY)

EBITDA up 3.7% at Rs 189.3 cr vs Rs 182.5 cr (YoY)

Margin at 32.2% vs 31.7% (YoY)

Q2 Results 2024 Live: Tamilnad Mercantile Bank reports Q2 Results

Net profit up 10.9% at Rs 303.2 cr vs Rs 273.5 cr (YoY)

NII up 12% at Rs 596 cr vs Rs 532.8 cr (YoY)

Gross NPA at 1.37% vs 1.44% (QoQ)

Net NPA at 0.46% vs 0.65% (QoQ)

Q2 Results 2024 Live: Gillette India profit rises 43.5pc to Rs 133 cr, revenue up 17.1 pc

Grooming products maker Gillette India Ltd on Monday reported a 43.5 per cent rise in profit to Rs 133.01 crore for the quarter ended September 2024, led by a broad-based growth.

The company, which follows the July-June financial year, had reported a profit of Rs 92.69 crore in the corresponding quarter of the preceding year, according to a BSE filing from Gillette India.

Q2 Results 2024 Live: Ajanta Pharma reports Q2 Results

Net profit up 10.9% at Rs 216.5 cr vs Rs 195.3 cr (YoY)

Revenue up 15.4% at Rs 1,186.6 cr vs Rs 1,028.4 cr (YoY)

EBITDA up 7% at Rs 311 cr vs Rs 290.6 cr (YoY)

Margin at 26.2% vs 28.3% (YoY)

Q2 Results 2024 Live: IGL reports Q2 Results

Net profit up 7.5% at Rs 431 cr vs Rs 401 cr (QoQ)

Revenue up 5% at Rs 3,697.3 cr vs Rs 3,520 cr (QoQ)

EBITDA down 8% at Rs 536 cr vs Rs 582 cr (QoQ)

Margin at 14.5% vs 16.5% (QoQ)

Q2 Results 2024 Live: Suzlon Energy Q2 results: Net profit rises 96% to Rs 201 crore

Suzlon Energy Ltd on October 28 reported 96% jump in net profit at Rs 201 crore for the quarter ended September 30, 2024 due to record order wins and robust margins.

More here.

Q2 Results 2024 Live: Bharti Airtel reports Q2 Results

Net profit at Rs 3,593.2 cr

Revenue up 7.7% at Rs 41,473.3 cr vs Rs 38,506 cr (QoQ)

EBITDA up 10.9% at Rs 21,846.3 cr vs Rs 19,707.6 cr (QoQ)

Margin at 52.7% vs 51.2% (QoQ)

Q2 Results 2024 Live: Apollo Micro Systems Q2 PAT grows two-fold to Rs 16 cr

pollo Micro Systems Ltd (AMSL) has reported a two-fold jump in its consolidated profit after tax to around Rs 16 crore for the second quarter ended September 2024, on account of higher income.

It had posted Rs 6.55 crore profit after tax (PAT) in the July-September quarter of the preceding fiscal, the company said in a statement on Monday.

During the second quarter, the company's total income also rose to Rs 161.30 crore from Rs 87.40 crore a year ago.

Q2 Results 2024 Live: IOC reports Q2 Results

Net Profit At Rs 180 Cr

Revenue At Rs 1.74 Lk Cr

EBITDA At Rs 3,773 Cr

Margin At 2.2%

Q2 Results 2024 Live: Welspun Living Q2 net up marginally at Rs 202.4 cr

Home textiles major Welspun Living Ltd on Monday reported a marginal increase in consolidated net profit at Rs 202.4 crore in the second quarter ended September 30, 2024.

The company had posted a consolidated net profit of Rs 200.41 crore in the corresponding quarter last fiscal, Welspun Living Ltd said in a regulatory filing.

Consolidated revenue from operations stood at Rs 2,873.09 crore, as against Rs 2,509.08 crore in the year-ago quarter, it added.

Q2 Results 2024 Live: Indian Bank Q2 profit rises 36 pc to Rs 2,707 cr

State-owned Indian Bank on Monday reported 36 per cent increase in profit at Rs 2,707 crore for the second quarter ended September 2024.

The Chennai-based lender had earned a net profit of Rs 1,988 crore in the same quarter a year ago.

Total income increased to Rs 17,770 crore during the quarter under review from Rs 15,736 crore in the same period last year, Indian Bank said in a regulatory filing.

Q2 Results 2024 Live: LIC Housing Finance reports net profit at Rs 1,329 cr, up 12%; Revenue up 2.6%

Net profit up 12% at Rs 1,329 cr vs Rs 1,188 cr (YoY)

Revenue up 2.6% at Rs 6,926 cr vs Rs 6,753 cr (YoY)

Q2 Results 2024 Live: Shakti Pumps (India) Q2 PAT soars to Rs 101 cr

Shakti Pumps (India) Ltd (SPIL) has reported a multifold jump in consolidated profit after tax in the quarter ended September to Rs 101.4 crore, on account of a surge in revenues.

It had posted Rs 6 crore profit after tax (PAT) in the July-September quarter of the preceding 2023-24 fiscal, the company said in statement issued on Monday.

During the second quarter, the company's revenue from operations also rose four-fold to Rs 634.6 crore, from Rs 152.8 crore a year ago.

Q2 Results 2024 Live: Sun Pharma's net profit jumps 28% on-year to Rs 3,040 crore, beats expectations

Sun Pharmaceutical Industries Q2 FY25 net profit rose 28 percent on-year to Rs 3,040 crore, beating Street expectations.

India’s largest drugmaker’s consolidated revenue from operations too expanded 9 percent on-year to Rs 13,291 crore during July-September, in line with the poll estimate of Rs 13,299 crore.

More here.

Q2 Results 2024 Live: BHEL reports net profit at Rs 97 cr, Revenue at Rs 6,584 cr

Net profit at Rs 96.7 cr vs loss of Rs 58.3 cr (YoY)

EBITDA at Rs 275 cr vs EBITDA loss of Rs 153.3 cr (YoY)

Margin at 4.2%

Q2 Results 2024 Live: Paras Defence reports Q2 Results

Net profit up 49% at Rs 14 cr vs Rs 9.4 cr (YoY)

Revenue up 42% at Rs 87 cr vs Rs 61.3 cr (YoY)

EBITDA up 46% at Rs 22.7 cr vs Rs 15.6 cr (YoY)

Margin at 26.1 % vs 25.4% (YoY)

Q2 Results 2024 Live: Greenply Ind reports Q2 earnings

Net Profit up 26% At Rs 17.6 Cr Vs Rs 14 Cr (YoY)

Revenue up 12% At Rs 640.5Cr Vs Rs 567.7 Cr (YoY)

EBITDA up 18.8%At Rs 57.6 Cr Vs Rs 48.5 Cr (YoY)

Margin At 9% Vs 8.5% (YoY)

Q2 Results 2024 Live: PNB reports Q2 earnings

Net Profit At Rs 4,303.5 Cr Vs Rs 1,756 Cr (YoY)

NII up 6% At Rs 10,517 Cr Vs Rs 9,923 Cr (YoY)

Gross NPA At 4.48% Vs 4.98% (QoQ)

Net NPA At 0.46% Vs 0.60% (QoQ)

Q2 Results 2024 Live: Punjab National Bank's gross NPA declines to 4.48%, net NPA at 0.46%

Punjab National Bank's gross NPA reduced to 4.48%, down from 4.98% in the previous quarter. Similarly, the bank's net NPA decreased to 0.46%, compared to 0.60% in the prior quarter.

Q2 Results 2024 Live: Punjab National Bank net profit soars to Rs 4,303.5 crore

Punjab National Bank reports Q2 net profit of Rs 4,303.5 crore, a substantial rise from RS 1,756 crore in the same period last year. The bank's net interest income (NII) also saw a growth of 6%, reaching Rs 10,517 crore compared to Rs 9,923 crore year-on-year.

Q2 Results 2024 Live: Firstsource raises FY25 constant currency revenue growth guidance

Firstsource has increased its guidance for FY25 constant currency revenue growth to between 19.5% and 20.5%, a notable rise from the previous forecast of 11.5% to 13.5%.

Q2 Results 2024 Live: Sapphire reports net loss despite revenue growth

Sapphire's second-quarter results reveal a net loss of Rs 3.1 crore, a decline from a profit of Rs 15.3 crore in the same period last year. Revenue increased by 8.2%, reaching Rs 695.6 crore, up from Rs 642.6 crore year-on-year. However, EBITDA fell by 2.8%, at Rs 111.8 crore compared to Rs 115 crore in the previous year, with the margin decreasing to 16.1% from 17.9%.

Q2 Results 2024 Live: Firstsource EBIT grows 5.6% despite margin decline

Firstsource Solutions reported a 5.6% increase in EBIT for the second quarter, at Rs 208 crore, up from Rs 197 crore in the previous quarter. However, the EBIT margin slightly declined to 10.8%, compared to 11% in the prior quarter.

Q2 Results 2024 Live: Firstsource reports modest growth with profit rise

Firstsource Solutions net profit rose of 2.2%, reaching Rs 138.2 crore compared to Rs 135.2 crore in the previous quarter. Revenue for the company also saw a 7.5% rise, totaling Rs 1,925.4 crore, up from Rs 1,791 crore quarter-on-quarter.

Q2 Results 2024 Live: Indian Bank sees 36% surge in net profit, NPA ratios improve

Indian Bank reports 36% rise in net profit for the second quarter, reaching Rs 2,706 crore, compared to Rs 1,988 crore in the same period last year. The bank's net interest income (NII) also saw an 8% increase, amounting to Rs 6,195 crore, up from Rs 5,740 crore year-on-year.

Additionally, the bank's gross non-performing assets (NPA) improved to 3.48%, down from 3.77% quarter-on-quarter, while net NPA decreased to 0.27%, compared to 0.39% in the previous quarter. Provisions were reported at Rs 1,099 crore, down from Rs 1,258 crore QoQ and Rs 1,551 crore YoY, indicating enhanced asset quality and risk management.

Q2 Results 2024 Live: CAMS’ EBITDA soars 39.3% with improved margins

CAMS reports 39.3% increase in EBITDA for the second quarter, reaching Rs 170 crore, up from Rs 122 crore in the previous year. The company's EBITDA margin also improved, rising to 46.6% compared to 44.4% year-on-year.

Q2 Results 2024 Live: CAMS net profit up 45%

CAMS net profit is up 45% to Rs 122.5 crore, up from Rs 84.5 crore in the same period last year. The company's revenue also saw significant growth, increasing by 32.7% to Rs 365 crore compared to Rs 275 crore year-on-year.

Q2 Results 2024 Live: Nilkamal’s EBITDA rises 25.8%, margin expands to 9.4%

Nilkamal Limited has reported a significant increase in its earnings before interest, tax, depreciation, and amortization (EBITDA) for the second quarter, rising 25.8% to Rs 77.5 crore compared to Rs 61.6 crore in the previous year. The company's EBITDA margin also improved, reaching 9.4%, up from 8% year-on-year.

Q2 Results 2024 Live: Nilkamal reports strong Q2 growth with 30% rise in net profit

Nilkamal Limited has announced impressive financial results for the second quarter, with a net profit of Rs 32.5 crore, reflecting a 30% increase from Rs 25 crore in the same period last year. The company also experienced a revenue boost of 6%, reaching Rs 821.8 crore, up from Rs 775.6 crore year-on-year.

Q2 Results 2024 Live: Ambuja Cement Q2 sales volumes hit 8.7 mt, EBITDA per tonne up 13%

Ambuja Cement reported total sales volumes of 8.7 million tonnes for the second quarter. The EBITDA per tonne increased by 13%, reaching Rs 784 per tonne, up from Rs 695 per tonne quarter-on-quarter.

Q2 Results 2024 Live: Ambuja Cement’s Q2 EBITDA falls 12% as margin shrinks

The company's earnings before interest, tax, depreciation, and amortization (EBITDA) also fell by 12%, totaling Rs 680.5 crore, down from Rs 773 crore in the previous year. Consequently, the EBITDA margin decreased to 16.1%, down from 19.5% a year ago.

Q2 Results 2024 Live: Ambuja Cement net profit falls 22.4% YoY

Ambuja Cement reports net profit of Rs 500 crore, down 22.4% from Rs 644 crore in the same quarter last year. Despite the profit decline, the company's revenue saw an increase of 6.1%, reaching Rs 4,213.2 crore compared to Rs 3,969 crore in the corresponding period last year.

Q2 Results 2024 Live: Dabur India Q2 revenue expected to dip on weak consumer demand

Dabur India, the well-known Chyawanprash maker, is set to release its Q2 earnings on October 30, 2024, with analysts anticipating a revenue decline due to low consumer offtake and reduced consumption. According to a Moneycontrol survey of eight brokerages, Dabur's revenue is expected to reach Rs 3,076 crore, marking a 4% year-on-year drop from Rs 3,204 crore in Q2 FY24. Net profit is projected at Rs 425 crore, down 17.4% from Rs 516 crore in the same period last year.

Q2 Results 2024 Live: Analysts eye Sun Pharma's R&D spending, await update on Leqselvi launch

Analysts will be closely tracking Sun Pharma's R&D expenditure in Q2, especially after it fell short of its target in the previous quarter. Additionally, they await updates on the launch timeline for Leqselvi, Sun Pharma’s specialty drug for treating alopecia areata. Although the drug received approval from the US FDA, its launch was delayed due to a preliminary injunction filed by US-based Incyte, alleging patent infringement.

Q2 Results 2024 Live: Ajmera Realty net profit jumps 57%, revenue climbs 38% YoY

Ajmera Realty posted a 57% year-on-year increase in net profit for Q2, reaching Rs 35.3 crore compared to Rs 22.5 crore in the same period last year. Revenue saw a 38% growth, totaling Rs 200 crore versus Rs 145.3 crore previously. EBITDA surged 60% to Rs 60.3 crore from Rs 37.7 crore, with the EBITDA margin expanding to 30.2% from 26% year-on-year.

Q2 Results 2024 Live: CarTrade Tech EBITDA surges 55% to Rs 32.8 cr; margins improve to 21.3%

CarTrade Tech reported a 55% year-on-year increase in its Q2 EBITDA, reaching Rs 32.8 crore compared to Rs 21.2 crore in the same period last year. The company’s EBITDA margin also rose, standing at 21.3% versus 17.7% year-on-year, reflecting improved operational efficiency.

Q2 Results 2024 Live: CarTrade Q2 profit jumps to rs 28 cr; revenue rises 28.5%

CarTrade Tech reported a sharp rise in its net profit for the second quarter, reaching Rs 28 crore, a significant increase from Rs 3 crore in the same period last year. The company's revenue also grew substantially, marking a 28.5% year-on-year increase to Rs 154.2 crore compared to Rs 120 crore in the previous year.

Q2 Results 2024 Live: "Sun Pharma boosted by Revlimid sales, R&D spend caps margins

Sun Pharma’s Q2 growth is expected to be bolstered by increased sales of its cancer drug Revlimid, with Systematix anticipating gains in the company’s U.S. business from an expanded market share. However, margin expansion may remain limited due to elevated R&D spending. Sun Pharma has committed to allocating 10% of FY25 revenues to R&D for both specialty and generic segments to enhance its global product pipeline.

Q2 Results 2024 Live: Bharti Airtel's Q1 flashback

Bharti Airtel reported a 158% year-on-year increase in Q1 FY25 net profit, reaching Rs 4,160 crore, up from Rs 1,612 crore, surpassing market expectations. This growth was bolstered by exceptional items, with the consolidated net profit before these items at Rs 2,925 crore.

The Rs 735 crore net exceptional gain included Rs 1,399.1 crore from a favorable Supreme Court ruling on interest waivers related to tax treatment of license fees. Additionally, Airtel recorded Rs 274 crore from the divestment of Airtel Lanka, offset by a Rs 938.7 crore foreign exchange loss. The company also reported a net tax benefit of ₹328 crore linked to these items.

Revenue for the quarter ending June 30, 2024, rose 2.8% to Rs 38,506 crore, limited by currency devaluation in Africa.

Q2 Results 2024 Live: PL Capital forecasts strong Q2 earnings for Bharti Airtel

PL Capital has released its earnings estimates for the Telecom sector for the second quarter (July-September 2024), projecting Bharti Airtel to achieve a net profit of Rs 41,197.7 crore, marking a substantial 189.3% increase year-on-year and a 7.3% rise quarter-on-quarter.

Net sales are anticipated to grow by 11.2% YoY (7% QoQ) to Rs 41,197.7 crore. Additionally, earnings before interest, tax, depreciation, and amortization (EBITDA) are expected to increase by 11.3% YoY (10.2% QoQ) to Rs 21,711.2 crore.

Q2 Results 2024 Live: Sun Pharma's domestic formulations expected to outperform market growth

Sun Pharma's revenue growth will be supported by high single-digit to low double-digit increases in its domestic formulations business. Analysts at Systematix Shares and Stocks predict that the company will exceed the 8 percent sales growth seen in the Indian pharma market during Q2. Nuvama Institutional Equities attributes this anticipated growth to favorable seasonality and increasing volumes.

Q2 Results 2024 Live: Sun Pharma’s specialty sales to see mid-teens growth driven by key products

Sun Pharma's specialty division is expected to benefit from favorable seasonality, projecting sales growth in the mid-teens. This growth will be primarily fueled by an increase in prescription volumes for Ilumya, Winlevi, and Odomzo, though it may be slightly tempered by a decline in market share for Cequa, according to Kotak Institutional Equities.

Q2 Results 2024 Live: Bank of Baroda reports strong asset quality, adjusts FY25 deposit growth to 9-10%

Bank of Baroda, in an interview with CNBC-TV18, said that this quarter has been one of the best in terms of asset quality. The bank anticipates moderate growth in unsecured personal loans and does not expect any significant slippages in this segment. The slippage ratio is projected to remain between 1% and 1.25%. Additionally, the bank has revised its deposit growth forecast for FY25 to 9-10%.

Q2 Results 2024 Live: Sun Pharma's EBITDA margin poised for limited expansion amid mixed profit forecasts

Sun Pharma's EBITDA margin is expected to expand, though growth is likely to be modest. Forecasts indicate that the company's EBITDA may rise to 27.5 percent in the September quarter, compared to 26.1 percent in the same period last year.

Analysts surveyed by Moneycontrol have provided earnings forecasts that fall within a narrow range. Systematix Shares and Stocks is the most optimistic, predicting an over 38 percent surge in Sun Pharma's bottom line. Conversely, Kotak Institutional Equities offers a more conservative estimate, projecting an 11.5 percent increase in net profit.

Q2 Results 2024 Live: YES Bank shares surge 10% on strong results

YES Bank's stock jumped 10% to Rs 21.3 per share on October 28, buoyed by robust Q2FY25 results. The bank reported a remarkable 146% year-on-year (YoY) increase in net profit, reaching Rs 553 crore, up from Rs 225 crore last year. Net interest income (NII) also rose 14.3% YoY to Rs 2,200 crore, compared to Rs 1,925 crore in Q2FY24.

On the asset quality front, YES Bank saw a slight improvement, with its gross non-performing asset (GNPA) ratio falling to 1.6% from 1.7% in the previous quarter. The net NPA ratio remained steady at 0.5%. The bank's cost-to-income ratio improved to 73% in Q2FY25, down from 74.4% a year earlier, while returns on assets (RoA) rose to 0.5%, up from 0.2% in Q2FY24.

Q2 Results 2024 Live: IDFC First Bank sees provision increase, NPA improvement 

IDFC First Bank's provisions for Q2 FY25 totaled Rs 1,732 crore, largely due to a prudent provisioning buffer of Rs 568 crore, as stated by the bank.

Net Interest Income (NII) increased to Rs 4,788 crore, up from Rs 3,950 crore in the same quarter last year. In terms of asset quality, the bank saw improvements, with gross Non-Performing Assets (NPAs) falling to 1.92 percent of gross loans at the end of September 2024, down from 2.11 percent a year earlier.

Net NPAs also decreased to 0.48 percent, compared to 0.68 percent at the end of the second quarter of the previous fiscal year.

Q2 Results 2024 Live: IDFC First Bank shares plunge 9% after profit drop

Shares of private sector lender IDFC First Bank fell more than 9 percent during the morning session on October 28, following a 73 percent drop in its standalone net profit for the September quarter.

The bank reported a net profit of Rs 200.7 crore, down from Rs 751 crore in the same period last year. However, Net Interest Income (NII) rose 21 percent to Rs 4,788 crore in Q2 FY25, compared to Rs 3,950 crore a year earlier.

As of 9:15 AM, IDFC First Bank's shares were trading at Rs 59.79 on the NSE, down 8.9 percent.

Q2 Results 2024 Live: Brokerages bullish on ICICI Bank, target prices raised following strong Q2 performance

Brokerages are expressing strong enthusiasm for ICICI Bank's impressive results in the July-September quarter (Q2 FY25), issuing multiple 'buy' recommendations and increasing target prices. Analysts anticipate a potential upside of up to 28% from current levels, as the bank’s consistent performance cements its leadership among private sector peers.

Motilal Oswal has maintained its 'buy' rating on ICICI Bank, setting a target price of Rs 1,500 per share. The brokerage has also raised the bank's earnings per share (EPS) estimates by 2.8% for FY25 and 1.8% for FY26, forecasting a return on assets (RoA) of 2.19% and a return on equity (RoE) of 17.4% by FY26.

In a similar vein, CLSA has assigned an 'outperform' rating, setting the highest target price at Rs 1,600 per share, praising the bank's superior asset provisioning compared to its competitors.

Q2 Results 2024 Live: 400 companies set to announce quarterly results this week

Around 400 companies are set to report their quarterly results this week, including major players like Bharti Airtel, Sun Pharmaceutical Industries, Adani Enterprises, Adani Ports and SEZ, Cipla, Maruti Suzuki, and Larsen & Toubro.

Additionally, several non-Nifty 50 companies will be announcing their earnings, such as Adani Power, Ambuja Cements, Tata Power, Aditya Birla Sun Life AMC, Bharti Hexacom, BHEL, Federal Bank, Indraprastha Gas, Indian Bank, Indian Oil Corporation, JSW Infrastructure, LIC Housing Finance, Punjab National Bank, Tata Technologies, Canara Bank, Engineers India, Marico, SBI Cards and Payment Services, Voltas, Websol Energy System, Biocon, Dabur India, IRB Infrastructure, Narayana Hrudayalaya, and Tata Investment Corporation.

Q2 Results 2024 Live: Sun Pharma set for profit boost, R&D spend may limit margins

India’s largest drugmaker, Sun Pharmaceutical Industries, is gearing up to release its earnings for the July-September quarter on October 28. Driven by favorable seasonality and robust specialty sales, the company is expected to post double-digit growth in net profit. However, increased spending on research and development, focused on expanding its specialty segment, may temper margin growth.

Q2 Results 2024 Live: Several major companies are slated to release their Q2 FY25 results

On Monday, October 28, several major companies are slated to release their Q2 FY25 results for the July-September quarter. From Adani Power to Bharti Airtel, Sun Pharmaceutical Industries, Ambuja Cements, and Punjab National Bank, these announcements will offer key insights into performance trends across industries. Stay tuned as we break down the highlights and impacts from each of these earnings reports and what they signal for the coming quarters. Don’t miss our detailed analysis and expert takeaways—keep following for all the updates!

Good morning and welcome to Moneycontrol's live coverage of the Q2 earnings season!

Stay with us for real-time updates, expert insights, and in-depth analysis as companies reveal their July-September performance. We’ll bring you all the key numbers, trends, and takeaways—right here as it happens.