Q2fy17

CLSA upgrades J&K Bank post Q2 nos but cuts earnings estimates

CLSA has upgraded Jammu & Kashmir Bank rating from sell to buy with a revised target of Rs 77 (against Rs 65 earlier) as it believes valuation is reasonable and bank's focus on sanitising its book (asset quality) is also encouraging. However, the brokerage house cut its earnings estimates for FY17-19 after September quarter earnings.

Nectar Lifesciences hopeful of Rs 2,000 crore in FY17

Dinesh Dua, Director of Nectar Lifesciences Dinesh Dua said the company stands to gain from pharmacies destocking due to demonetisation. He expects a good Q4 show as chemists will restock supplies.

Gitanjali up 10% as Nakshatra World plans fund raising via IPO

Gitanjali Gems shares rallied 10 percent intraday Thursday after its subsidiary has decided to raise funds through initial public offering.

Coal India trips 4%; analysts cut target post dismal Q2 earnings

Brokerage houses slashed earnings estimates as well as target price on Coal India after the world's largest coal mining company reported dismal performance in the quarter ended September 2016. The stock fell more than 4 percent intraday Wednesday.

Nahar Industries spikes 20% as profit jumps over 15-fold in Q2

Nahar Industrial Enterprises shares were locked at 20 percent upper circuit at Rs 118.25 on Tuesday after reporting more than 15-fold jump in bottomline due to strong operational performance.

Coal India Q2 profit seen down 15%, realisations may be weak

State-run coal miner Coal India's second quarter profit is seen falling 15.5 percent year-on-year to Rs 2,150 crore and revenue may decline 0.9 percent to Rs 16,800 crore, according to average of estimates of analysts polled by CNBC-TV18.

Claris Life up 5% as US speciality injectable biz boosts Q2 nos

Claris Lifesciences shares gained more than 5 percent intraday Friday as quarterly earnings boosted by strong operational performance and US speciality injectable business.

DCW Q2 profit rises 65% on strong operational performance

Chemical manufacturing company DCW, formally known as Dhrangadhra Chemical Works, has reported a whopping 64.8 percent growth in profit at Rs 8.9 crore compared with year-ago period, driven by strong operational performance.

IL&FS Transportation Q2 profit slips 46%, revenue down 26%

Infrastructure company IL&FS Transportation Networks disappointed analysts with quarterly earnings. Profit in July-September quarter fell 46 percent year-on-year to Rs 57.1 crore, impacted by revenue as well as operational performance despite higher other income.

India's Q2 GDP grows 7.3%, but slowdown ahead on demonetisation

Growth of real or inflation-adjusted gross domestic product (GDP) â€” the value of all goods and services produced in the country â€” moderated from 7.6 percent in July-September 2015, national income data released on Wednesday showed.

Tata Power Q2FY17 total income slips 6% at Rs 7209 crore

Tata Power on Tuesday reported weak Q2FY17 earnings with income falling 6 percent to Rs 7,208.9 crore against Rs 7,666.3 crore in the year-ago period. EBITDA fell 27.2 percent to Rs 1,461.6 crore against Rs 2,008 crore reported during Q2FY16. Meanwhile, EBITDA margin for the quarter stood at 20.3 percent.

Tata Power Q2 profit seen up 39% but revenue may fall 19%

Tata Power, one of the largest power generation companies in the private sector, is expected to report a 39 percent growth in profit at Rs 344 crore, according to average of estimates of analysts polled by CNBC-TV18.

Mahanagar Gas Q2 profit zooms 41% on strong operational income

Mumbai-based natural gas distribution company Mahanagar Gas's profit during July-September quarter jumped 40.8 percent year-on-year to Rs 102.2 crore, driven by strong operational income despite lower revenue.

Oil India Q2 profit falls 18% to Rs 580 cr, approves bonus issue

State-run oil exploration company Oil India has reported profit of Rs 580.3 crore in July-September quarter, down 17.8 percent compared with Rs 705.7 crore in year-ago period. Lower revenue and operational income dented bottomline.

Shilpa Medicare Q2 profit up 64% to Rs 38 cr on revenue, EBITDA

Shilpa Medicare said consolidated profit during July-September quarter increased 64 percent year-on-year to Rs 38.2 crore. The bottomline growth was driven by revenue as well as operational performance.

Bata Q2 profit falls 36% to Rs 34.6 cr, margin improves to 9.2%

Footware maker Bata India said profit in July-September quarter declined 36.4 percent year-on-year to Rs 34.6 crore. Income in Q2FY16 had an exceptional gain of Rs 31.8 crore.

AB Fashion Q2 profit rises 7% to Rs 65 cr, Pantaloons grows 22%

Aditya Birla Fashion & Retail's second quarter profit increased 7 percent year-on-year to Rs 64.9 crore, supported by revenue but margin restricted the growth.

Oil India soars 4% ahead of board meet to consider bonus issue

State-run oil exploration company Oil India shares gained 4 percent intraday to hit fresh 52-week high of Rs 444.20 Thursday ahead of board meeting for bonus issue.

L&T Q2 profit up 84%, holds FY17 revenue & order inflow guidance

L&T has maintained its order inflow guidance of 15 percent and revenue growth forecast of 12-15 percent for the current financial year 2016-17.

IRB Infra Q2 profit falls 5% at Rs 142 cr on higher finance cost

Mumbai-based road developer IRB Infrastructure said consolidated profit in July-September quarter declined 5 percent to Rs 142.2 crore compared with Rs 149.67 crore in year-ago period. Higher finance cost dented bottomline.

L&T Q2 net seen down 11%, order inflow disappointment unlikely

Engineering and construction major Larsen & Toubro (L&T) is expected to report a 11 percent degrowth in consolidated profit at Rs 890 crore on yearly basis, according to average of estimates of analysts polled by CNBC-TV18. Profit of Rs 996 crore in Q2FY16 was boosted by exceptional gain of Rs 310 crore.