q2 results – The News Desk

Aster DM Healthcare Q2 results: Consolidated revenue rises 17.7%

15Nov

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Business

Aster DM Healthcare Q2 results: Consolidated revenue rises 17.7%

Healthcare service provider Aster DM Healthcare posted a 17.77 per cent increase in its consolidated revenue from operations during the quarter concluded on September 30, 2023, which came in at Rs 3,316.63 crore, in contrast to Rs 2,816.30 crore in Q2 FY23. The company reported a loss of Rs 30.79 crore against a profit of Rs 46.21 crore in Q2 FY23. This reduction in Profit After Tax (PAT) can be attributed to an increase in total expenses. On a sequential basis, the company exhibited a 3.15 per cent increase in revenue along with EBITDA, which grew 21 per cent year-on-year. Revenue for India increased by 23 per cent year-on-year, coming to Rs 934 crore. Commenting on the result, Azad Moopen, Founder Chairman and Managing Director of Aster DM Healthcare, stated, “In ...

SmallCaps outperform; Bajaj Hind, Apollo Micro zoom 10%

6Nov

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Business

SmallCaps outperform; Bajaj Hind, Apollo Micro zoom 10%

Stock market LIVE updates: Th rebound in global equities entered third day Monday as last Friday's lower-than-expected jobs data in the US reignited hopes that the Fed will abstain from hiking rates going ahead.The S&P BSE Sensex was up over 300 points around 64,700 levels. The Nifty50, on the other hand,was up 100-odd points at 19,333. Eicher Motors, Axis Bank, L&T, Grasim, Hero MotoCotp, Coal India, Hindalco, Adani Enterprises, NTPC, Bajaj Finance, and JSW Steel marched ahead with the most gains, rising between 1 per cent and 2 per cent. In the broader markets, meanwhile, the BSE MidCap and SmallCap added 0.61 per cent and 0.99 per cent, respectively. Among sectors, the Nifty Realty index clocked gains of 1.5 per cent, followed by the Nifty Met...

Net profit rises 14% rise to Rs 133 crore

5Nov

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Business

Net profit rises 14% rise to Rs 133 crore

Arathi Krishna, Managing Director, Sundram Fasteners Auto component major Sundram Fasteners (SFL) has posted a 14 per cent rise in consolidated net profit for the second quarter ended September 30, 2023, to Rs 133.05 crore, as against Rs 116.78 crore during the previous year. The Company’s consolidated revenue from operations for the quarter ended September 30, 2023, was at Rs 1,421.82 crore, up 1.4 per cent, as against Rs 1,401.65 crore during the same period in the previous year. The consolidated earnings per share (EPS) for the quarter amounted to Rs 6.28, compared to Rs 5.49 in the corresponding period last year. The Board at its meeting has declared an interim dividend of Rs 2.68 per share (268 per cent) for the financial year 2023-2024. The same will be paid to...

Sensex up 400 pts; HeroMo, TaMo gain 2%; SmallCaps shine

3Nov

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Business

Sensex up 400 pts; HeroMo, TaMo gain 2%; SmallCaps shine

Stock market updates on November 03, 2023: Mirroring strong cues from the global counterparts, India's key benchmark indices started Friday's trading sesssion on an upbeatg note. The S&P BSE Sensex opened 364 points higher at 64,445, and was seen quoting around 64,450 levels. The NSE Nifty 50 was up over 100 points around 19,250. Tata Motors rallied nearly 4 per cent on the back of healthy Q2 results; DVRs hit a new high. READ MORETech Mahindra, Infosys, ICICI Bank, Mahindra & Mahindra and HCL Technologies were the other prominent gainers among the Sensex 30 shares. In the broader market, the BSE MidCap index was up 0.6 per cent, while the SmallCap index soared 0.9 per cent.

Sensex up 450 pts, Nifty near 19,150; REC, PFC zoom 6%

2Nov

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Business

Sensex up 450 pts, Nifty near 19,150; REC, PFC zoom 6%

Stock market updates on November 02, 2023: Mirroring strong gains in Asian peers following a pause in rate hike by the US Fed and hints of a pivot in place, the Indian equity benchmark indices traded with a bullish bias on Thursday. The S&P BSE Sensex was up over 550 points at 64,150. The NSE Nifty50 was seen quoting around the 19,150 level, up over 150 points. Among the Sensex 30 stocks, IndusInd Bank, Infosys, Axis Bank, SBI, Kotak Bank, HCL Technologies and TCS were up over 1 per cent each. Tata Steel, however, was down a per cent post Q2 loss. In the broader market, both, the BSE MidCap and SmallCap indices rallied over a per cent each. Sectorally, the BSE IT, Consumer Durables and Realty indices were up over a per cent each. ...

Net loss of Rs 85.54 cr, revenue falls by 4.72%

1Nov

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Business

Net loss of Rs 85.54 cr, revenue falls by 4.72%

Chennai-based cement sector major India Cements Ltd posted a net loss of Rs 85.54 crore during the second quarter of the financial year 2023, as compared to Rs 121.1 crore in the same quarter last year. The revenue from operations for Q2 FY23 was seen at Rs 1,264.39 crore, compared to Rs 1,327.06 crore year-on-year (Y-o-Y), registering a fall of 4.72 per cent. "Despite the continuous reduction in variable cost, the drop in net plant realisation for cement continued, resulting in lower margins and lower capacity utilisation. The performance of the company, hence, continued to be suboptimal with a negative bottom line," the company said in a statement. Production and sale of cement were only marginally higher by 5 per cent as compared to the earlier year. Overall volu...

Dow gains 500 pts as Oil dips; Fed, BoJ policy in focus

31Oct

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Business

Dow gains 500 pts as Oil dips; Fed, BoJ policy in focus

Stock market updates on October 31, 2023: Fronline indices are likely to extend the pullback in early deals on Tuesday following the sharp rally in the US market. At 07:00 AM, Gift Nifty futures quoted at 19,235 as against Nifty50 close of 19,141 yesterday. Overnight the Wall Street ended with strong gains as crude oil prices dipped and yen rose to a two-week high versus dollar after reports suggested that the Bank of Japan was considering tweaking its yield curve control policy. Brent Crude Oil prices tumbled over 3 per cent to $86.50-odd levels on Monday. Investors now await cues from the US Federal Reserve for its policy decision on Wednesday. Cues from the Asia-Pacific region were mixed. The S&P/ASX 200 and All Ordinaries were up 0.4 per cent...

Sensex up 150 pts, Nifty near 19,100; RIL, Airtel lead

30Oct

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Business

Sensex up 150 pts, Nifty near 19,100; RIL, Airtel lead

Stock market updates on October 30, 2023: Frontline indices were seen trading with a flat bias post early volatility on Monday. Index heavyweight Reliance Industries helped offset losses caused by a fall in auto and financial shares. After opening with a 100-point gap, the BSE Sensex slipped into red and touched a low of 63,431. The BSE benchmark, thereafter, recouped losses and was seen hovering around its previous day's close at 63,800 levels. The NSE Nifty50 was seen quoting around the 19,050 mark. Among the Sensex 30 shares, Reliance was up over 2 per cent after the firm reported a strong set of earnings over the weekend. Read More Bharti Airtel, UltraTech Cement, Asian Paints and HDFC Bank were few of the other notable movers. On the o...

Net profit at Rs 97.96 cr, revenue down 6%

21Oct

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Business

Net profit at Rs 97.96 cr, revenue down 6%

Shares of the company on Friday closed at Rs 225.30, up 1.08 per cent on BSE PVC pipes and fittings manufacturer Finolex Industries on Saturday reported a consolidated profit of Rs 97.96 crore for the quarter ending September 30. The company had posted a loss of Rs 95.38 crores during the corresponding quarter of the previous financial year, Finolex Industries said in a regulatory filing. Revenue from operations of the company, however, witnessed a decline of 6.16 per cent during the quarter under review at Rs 883.15 crores compared to Rs 941.13 crores in the same period of the previous fiscal. "Indian economy is displaying continued consumption-led growth in both the rural and the urban segments of the country. The pipes and fittings segment which plays an impo...

KFin Technologies profit grows 28% to Rs 61 crore during Jul-Sept quarter

20Oct

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Business

KFin Technologies profit grows 28% to Rs 61 crore during Jul-Sept quarter

Tech-driven financial services firm KFin Technologies on Friday reported a 28 per cent surge in profit after tax (PAT) at Rs 61.4 crore in three months ended September. In comparison, the company had posted a PAT of Rs 47.92 crore in the same quarter preceding the fiscal, KFin Technologies said in a regulatory filing. The company's revenue from operations grew 16 per cent to Rs 209 crore during the quarter under review, as compared to Rs 180.16 crore in the July-September quarter of the preceding financial year (2022-23). For the quarter ended September 30, 2023, the company added 172 new corporate clients and four million investor folios under issuer solutions. "Our investment in next-generation technology and talent in the last four years is facilitati...