Q2 Results Highlights For October 15: HDFC AMC net profit soars 32% to Rs 576.6 cr; revenue rises 38% YoY

Over the past year, Bajaj Auto has launched several new models, which brokerages anticipate will be key growth drivers in the upcoming quarters. For example, in May 2024, the company introduced its largest Pulsar model. The improvement in the product mix within the two-wheeler segment, along with stable growth in the three-wheeler business, is expected to be slightly offset by growth in the electric vehicle (EV) sector. Axis Securities noted that a mild increase in average selling prices (ASPs) due to the enhanced product mix—including the expansion of premium two-wheeler segments, growth in exports, and price hikes implemented throughout the year—will contribute to revenue growth.

Stylam Industries has announced its Q2 earnings, reporting a net profit increase of 6.6%, reaching Rs 34 crore compared to Rs 32 crore in the same quarter last year. The company also saw a 12.3% rise in revenue, which totaled Rs 262.7 crore, up from Rs 234 crore year-on-year.

Additionally, EBITDA grew by 15%, amounting to Rs 54.4 crore, compared to Rs 47.4 crore in the previous year. The EBITDA margin improved to 21%, up from 20.3% YoY, indicating enhanced operational efficiency.

Two-wheeler volumes have experienced a 16% year-on-year increase, supported by a slight rise in average selling prices (ASPs) due to an enhanced product mix. This growth is attributed to the expansion of the premium two-wheeler segment, increased exports, and price hikes throughout the year.

Bajaj Auto Limited, based in Pune, is scheduled to release its earnings report for the second fiscal quarter of FY25 on October 16. The company is expected to achieve double-digit sales growth year-on-year, driven by increased volumes and a diversified product mix.

A Moneycontrol poll of eight brokerage firms anticipates a 23% year-on-year revenue increase, projecting revenues to reach Rs 13,266 crore. Additionally, net profit is expected to rise by 21%, reaching Rs 2,227 crore, compared to Rs 1,836 crore in the same quarter last year.

Nestle India's Q2 net profit is projected to decline to Rs 888 crore in the June quarter, down from Rs 908 crore in the same period last year, primarily due to an exceptional item in the previous fiscal year. However, adjusted profit after tax (PAT) for the quarter is expected to rise by around 7%, according to estimates from Axis Securities.

Analysts polled by Moneycontrol have provided earnings estimates within a narrow range, meaning any positive or negative surprises could lead to a significant reaction in the stock.

HDFC AMC reported a 32% increase in net profit for Q2, reaching Rs 576.6 crore compared to Rs 436.5 crore in the same period last year. Revenue also rose by 38%, amounting to Rs 887.2 crore, up from Rs 643 crore YoY.

Nestle India, the maker of Maggi instant noodles, is set to release its earnings report for the second quarter of the current fiscal year on October 17. The company is expected to face margin pressure due to rising coffee and cocoa prices.

A Moneycontrol poll of seven brokerages predicts a 6% year-on-year increase in revenue, anticipating it will reach Rs 5,336 crore, up from Rs 5,036.8 crore reported in the same quarter last year.

HDFC Life, in its Q2 financial report, announced an overall market share of 11.0%, with the value of new business (VNB) growing by 17.4%, driven by strong new business premium (individual APE) growth of 31%. The company attributed this growth to a 22% increase in the number of policies sold and a balanced product mix.

In terms of topline growth, HDFC Life delivered a robust performance with new business premium surging 31%, reflecting its focus on writing profitable business. The value of new business rose to Rs 1,656 crore. Additionally, the company’s assets under management (AUM) reached Rs 3.25 lakh crore as of 30th September 2024, marking a 23% increase in H1 FY25.

PVR Inox plans to open 4-6 food courts in partnership with Devyani International this year, with 8-10 more expected next year. The company, while speaking to CNBC-TV18, is closely monitoring leverage and costs, while working on asset monetization with property consultants. They have received Expressions of Interest and are evaluating options. Additionally, average ticket prices for re-releases are 30-35% lower compared to new releases.

PVR tells CNBC-TV18 that Q2 performance appears muted due to a high base last year. However, Q3 is expected to see improvements in occupancy, average ticket prices, and spending per head. A strong lineup of blockbuster movies is ahead, positioning Q3 to outperform Q2 and potentially match the scale of Q2 FY24. Re-releases of films also saw a strong response, especially during content-lean periods.

PVR Inox reported a net loss of Rs 11.8 crore for Q2, compared to a profit of Rs 166.3 crore in the same period last year. Revenue dropped 19% to Rs 1,622 crore from Rs 1,999 crore YoY. EBITDA fell by 32.1% to Rs 479 crore, down from Rs 705 crore, with the EBITDA margin at 29.5%, compared to 35.3% YoY.

Net profit up 47.7 percent at Rs 70.3 cr vs Rs 47.6 cr (QoQ)

Revenue up 15 percent at Rs 361 cr vs Rs 315 cr (QoQ)

EBITDA up 73 percent at Rs 83 cr vs Rs 48 cr (QoQ)

Margin at 23 percent vs 15.3 percent (QoQ)

Bank of Maharashtra reported a 44.28 percent jump in consolidated net profit at Rs 1,327.08 crore in the second quarter of FY25, compared to Rs 919.75 crore in the year-ago period, a stock exchange filing showed.

Multiplex firm PVR Inox Ltd on October 15 reported consolidated net loss of Rs 12 crore for the quarter ended September 30, 2024. It reported net profit of Rs 166 crore in the year-ago period.

Bank of Maharashtra has released its provisional business update for the second quarter. In terms of total deposits, the bank recorded 2.76 lakh crore, as of September 30, 2024, up from 2.39 lakh crore, the previous year.

Shares of IT services major HCL Technologies (HCLTech) on Tuesday climbed over 1 per cent to hit the 52-week high after the firm reported a 10.51 per cent increase in consolidated net profit in the September quarter of FY25.

The stock advanced 1.40 per cent to Rs 1,882 -- its 52-week high -- on the BSE.

In Q1FY25, HDFC AMC's consolidated revenue from operations rose nearly 34% to Rs 775.24 crore compared to Rs 574.54 crore in the corresponding quarter of the preceding fiscal.

India's top multiplex chain PVR Inox went deeper into the red for the second straight quarter, with losses widening to Rs 178.7 crore in April-June from Rs 81.6 crore a year ago, as a no-show by big Bollywood films and fewer box office successes weighed.

The company had reported a loss of Rs 130 crore for the March quarter of FY24. Analysts had pegged the company's Q1 FY25 losses at Rs 174 crore.

Shares of Sunteck Realty surged more than 7 percent on October 15 after the real estate major posted a healthy Q2FY25 performance, clocking Rs 520 crore in pre-sales, up 33 percent on-year as demand momentum continued in the Mumbai Metropolitan Region (MMR) market.

The company's collections during the quarter surged 25 percent YoY to Rs 270 crore.

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Gross advances reached 2.17 lakh crore, on September 30, 2024, compared to Rs 1.83 lakh crore, in the same month last year.

This indicates year-on-year growth of 18.73 percent.

As of September 30, 2024, the bank's total business reached Rs 4.94 lakh crore.

Bank of Maharashtra has released its provisional business update for the second quarter. In terms of total deposits, the bank recorded 2.76 lakh crore, as of September 30, 2024, up from 2.39 lakh crore, the previous year.

HDFC Life, Bank of Maharashtra, PVR Inox among companies to report Q2FY25 earnings today

HDFC AMC, DB Corp, Stylam Industries and Tata Chemicals' subsidiary Rallis India will also declare their July-September quarter results today.