Q2 Results 2024 Highlights: Jindal Saw reports 32% rise in net profit, revenue up 2% YoY

-- Net profit up 3.1% at Rs 689.1 crore vs Rs 668.2 crore (YoY)

-- Revenue up 14.1% at Rs 693.5 crore vs Rs 608 crore (YoY)

Tata Consumer Products reported second-quarter profit above estimates on Friday, as the salt-to-spices maker benefited from higher demand for its packaged food amid a pickup in rural demand.

The Tata group-owned company reported a near-8% jump in consolidated net profit to Rs 3.64 billion for the three months ended September 30, outpacing analysts' estimate of Rs 3.28 billion, per data compiled by LSEG.

ICICI Lombard General Insurance reported a 20 percent increase in net profit to Rs 694 crore for the second quarter ended September 2024.

The insurer had earned a net profit of Rs 577 crore in the year-ago period.

Its total income in the quarter rose to Rs 5,850 crore from Rs 5,049 crore in the year-ago period, ICICI Lombard said in a regulatory filing.

Jindal Saw reports net profit at Rs 499 crore vs Rs 377 crore, up 32.4% year on year (YoY)

Revenue up 2% at Rs 5,571.9 crore vs Rs 5,466.2 crore (YoY)

EBITDA up 13.7% at Rs 914.1 crore vs Rs 804 crore (YoY)

Margin at 16.4% vs 14.7% (YoY)

Oberoi Realty reported a jump in second-quarter profit boosted by sustained demand for its premium projects, including luxury homes and office spaces.

The real-estate developer's consolidated net profit jumped 29% to Rs 589 crore in the three months ended September 30.

Its revenue from operations grew 8.5% to Rs 1,320 crore, marginally beating analysts' average estimates of Rs 1,317 crore, per data compiled by LSEG.

Tata Consumer reports Q2 earnings, with revenue rising 12.9 percent to Rs 4,214.5 crore vs Rs 3,733 crore in the previous year during the same quarter.

There was a slight increase in profit to Rs 359.3 crore year on year. The company had posted a consolidated net profit of Rs 363.92 crore in the July-September quarter a year ago, according to a regulatory filing from TCPL.

EBITDA was at Rs 626.3 crore, rising 16.6 percent YoY, while margin was at 14.9 percent, rising 50 bps on year.

Agrochemicals firm Best Agrolife Ltd on Friday reported a flat consolidated net profit of Rs 94.65 crore for the quarter ended September 2024.

Its net profit stood at Rs 94.86 crore in the year-ago period.

The total income declined to Rs 747.61 crore in the second quarter of this fiscal from Rs 808.35 crore in the corresponding period of the preceding year, the company said in a regulatory filing.

- Net loss at Rs 683.6 crore vs profit of Rs 1,059 crore (YoY)

- Revenue (GU) 29 percent at Rs 24,967.9 crore vs Rs 19,353.3 crore (YoY)

- EBITDA loss at Rs 473.8 crore vs EBITDA gain of Rs 2,138.3 crore (YOY)

Kotak Mahindra Bank is expected to report a 9.4 percent increase in its net profit year-on-year (YoY) to Rs 3,494 crore in Q2FY25, as per mean estimates of seven brokerage firms.

The lender is expected to report a 10 percent increase in Net Interest Income (NII) YoY to Rs 6,977 crore in the July-to-September quarter.

Kotak Mahindra Bank will announce its Q2FY25 results on October 19.

-- Zee Entertainment report Q2 earnings, net profit up 61% at Rs 209.5 crore vs Rs 130 crore (YoY)

-- Subscription revenue rises 9% YoY, dips 2% QoQ

-- Advertising Rev down 8% YoY & down 1% QoQ

-- Operating Revenue down 18% at Rs 2,001 crore vs Rs 2,438 crore (YoY)

-- EBITDA down 4% at Rs 321 crore vs Rs 333 crore (YoY)

-- Margin at 16% vs 13.6% (YoY)

HDFC Bank is expected to report a 11.5 percent YoY increase in Net Interest Income (NII) at Rs 30,306 crore in the July-to-September quarter.

Further, the lender is estimated to report a net profit of Rs 16,570 crore, up 3.7 percent YoY in Q2FY25, as per mean estimates of seven brokerage firms.

-- Net Profit up 3.3% at Rs 28.5 crore vs Rs 27.6 crore (YoY)

-- Revenue down 4.1% at Rs 387.5 crore vs Rs 404.2 crore (YoY)

-- EBITDA down 4.5% at Rs 52.5 crore vs Rs 55 crore (YoY)

-- Margin at 13.5% vs 13.6% (YoY)

-- Hindustan Zinc reports Q2 earnings, profit rises 35 percent to Rs 2,327 crore vs Rs 1,729 crore year on year

- - Revenue up 22 percent at Rs 8,252 crore vs Rs 6,791 crore year on year

-- EBITDA at Rs 4,164 crore

Aether Industries reported a 4.4% year-on-year decline in net profit to Rs 35 crore, down from Rs 36.6 crore in the same period last year. Despite this, the company's revenue grew by 21.2% to Rs 198.7 crore, compared to Rs 164 crore a year ago. On the operating side, EBITDA increased by 16.6% to Rs 53.4 crore, though the margin slightly decreased to 27% from 28% in the previous year.

Leading real estate firm Oberoi Realty kicked off FY25 on a strong note, with revenue from operations increasing by over 54% to Rs 1,405.16 crore in the June quarter, compared to Rs 909.97 crore in the same period of the previous financial year. The company also saw its net profit in Q1 FY25 surge by more than 81%, rising to Rs 584.51 crore from Rs 321.64 crore in Q1 FY24.

IT-enabled services provider Mastek is poised to release its earnings report on Friday. In the first quarter of fiscal year 2024–25, the company recorded a consolidated revenue from operations of Rs 812.89 crore, marking a year-on-year growth of 12% from Rs 725.25 crore in Q1 FY24.

However, the firm's profit after tax declined by over 2%, falling to Rs 71.5 crore from Rs 73.53 crore in the same period last year.

In Q1 FY25, FMCG giant Tata Consumer Products had reported a revenue from operations of Rs 4,352.07 crore, reflecting a growth of over 16% compared to Rs 3,741.21 crore in Q1 FY24.

Despite the revenue increase, the company's net profit declined by over 12%, falling to Rs 314.15 crore from Rs 358.57 crore in the same period last year.