With subdued domestic demand, investment activity, and non-oil merchandise exports weighing on volume expansion, manufacturing growth is expected to decelerate further from the marginal 0.6 percent in Q1 of FY2020, it said.
The company's total expenses were at Rs 1,551.16 crore as against Rs 1,850.28 crore in the same period of preceding fiscal.
Total income also declined to Rs 256.01 crore in the July-September quarter of the 2019-20 financial year from Rs 460.42 crore in the corresponding period of the previous year.
Total income rose to Rs 1,962.7 crore during July-September period of 2019-20 fiscal year from Rs 1,338.7 crore in the corresponding period of the previous year.
Net sales were up 5.88 per cent to Rs 3,022.91 crore during the quarter under review as against Rs 2,854.81 crore of the corresponding quarter previous fiscal.
The company had posted a net loss of Rs 5.03 crore for July-September period a year ago, India Cements said in a BSE filing.
Revenue from operations stood at Rs 4,007.63 crore as against Rs 3,946.77 crore in the same period a year ago, a growth of 1.57 percent.
"In a holiday-shortened week investors will focus on the next leg of corporate earnings. Auto companies will be in focus as the sector will report a picture of how festive demand has fared in October. The US Fed is expected to keep its interest rates steady when they meet (on Wednesday) based on the macro numbers.
Revenue from operations in the second quarter stood at Rs 1,119.45 crore as compared to Rs 1,209.05 crore in the year-ago period, it added.
Kotak expects credit growth to be between 15-20 percent, supported by a higher net interest income (NII) and net interest margin (NIMs) by end of March 2020.
The government data released Friday shows India's economy grew at 7.1 percent in July-September, lowest in three quarters.
Sakshi Batra does a 3 point analysis on how tyre manufacturers like CEAT, Apollo Tyres and MRF performed in Q2.
The city-based TVS Group company, in a press statement, said the profits for second quarter of last financial year (July-September 2017) included the profit-on-slump sale of its passenger car steel wheel business to its subsidiary WIL Car Wheels Ltd.
The company had posted standalone net profit of Rs 127.22 crore in the year-ago period, Amara Raja Batteries said in a regulatory filing.
The company had posted a consolidated profit after tax of Rs 84.4 crore in the same quarter last fiscal, Natco Pharma said in a regulatory filing.
With closing down of factories in China, the supply has been impacted and this has led to a surge in raw material costs.
The Mahindra group's logistics arm had posted a net profit of Rs 13.8 crore in the year-ago period.
About 9 percent year-on-year depreciation in the rupee in Q2FY19 will help pharmaceutical companies in passing on input cost hikes and manage the pricing pressure, it said.
Total income rose to Rs 1,022.69 crore in the second quarter of this fiscal from Rs 1,240.58 crore in the corresponding period of the previous year.
The company had posted a net profit of Rs 11.73 crore for the corresponding period of the previous fiscal, Strides Pharma Science said in a filing to BSE.
The loss stood at Rs 455.57 crore during the September quarter of 2017-18, according to a BSE filing by the distribution, IT services & solutions company.
However, total income of the state-owned lender declined to Rs 4,967.29 crore during the quarter, as against Rs 5,511.70 crore in the same period of 2017-18.
The company had posted a net profit of Rs 10.37 crore in the year-ago period, and Rs 20.6 crore in the quarter ended June this year.
However, its gross sales for the quarter under review grew by 9.86 percent to Rs 1,414.87 crore from Rs 1,287.89 crore in the same quarter last year, the company said in a statement.