Q2 Result 2024 Live Updates: Coal India, JSW Steel, DLF, Interglobe Aviation, BPCL, NIIT, Mahindra Holidays, others releasing Q2 report today – Industry News

IDBI Bank Ltd on Friday posted consolidated profit for the fiscal second quarter at Rs 1,860.80 crore, up 34.3 per cent as compared to Rs 1,385.40 crore during the same period of previous financial year. It posted total income during the quarter at Rs 8,812.79 crore, up 24.8 per cent as against Rs 7,063.66 crore during the second quarter of FY24.

On a standalone basis, IDBI Bank recorded profit at Rs 1,836.5 crore, up 38.3 per cent on-year. The Net Interest Income stood at Rs 3,875 crore, up 26 per cent YoY and Net Interest Margin came in at 4.87 per cent.

During Q2FY25, HPCL refineries recorded crude thruput of 6.30 MMT (operating close to 107.7% of the installed capacity) registering an increase of 9.6 per cent over the thruput of 5.75 MMT during Q2FY24.

The company recorded sales volume of 11.62 MMT (including exports) during Q2FY25 registering a growth of 8.2 per cent as against 10.74 MMT during Q2FY24. On the domestic front, HPCL achieved sales volume growth of 5.6 per cent during the quarter as against PSU Industry growth of 1.8 per cent.

During Q2FY25, sales of Motor fuels was 6.8 MMT (growth of 4.5 per cent over Q2FY24) and in case of LPG, the company achieved a sales volume of 2.25 MMT (growth of 5.9 per cent over Q2FY24). The Aviation business of the company recorded a growth of 19.6 per cent over Q2FY24 with sales volume of 250 TMT during Q2FY25.

HPCL’s Lubricants segment sales volume was 168 TMT during the quarter. During Q2FY25, the company recorded its highest-ever petrochemical sales of 30.4 TMT.

HPCL also recorded pipeline thruput of 6.53 MMT during Q2FY25 (growth of 6.5 per cent over Q2FY24).

Crude steel production: 6.77 million tonnes; up 7% YoY

Steel sales: 6.13 million tonnes; down 3% YoY

PSP Projects Ltd on Friday reported its fiscal second quarter earnings with profit at Rs 10.22 crore, posting a decline of 73.5 per cent in comparison to Rs 38.52 crore during the corresponding quarter of FY24. It recorded revenue from operations at Rs 585.97 crore, down 5.4 per cent as against Rs 619.65 reported during the same period of previous financial year. The company EBITDA stood at Rs 38 crore, down 47.2 per cent YoY.

An analysis report by InCred Equities said, “Colgate-Palmolive India or CLGT’s standalone net revenue in 2QFY25 was up 10.1% yoy. Domestic sales grew by 10.5% yoy, led by high single-digit volume growth (7-8%) in the toothpaste segment, which was supported by the relaunch of some flagship brands in the last one year, backed by media campaigns. Toothbrush sales grew in double digits. CLGT had taken corrective steps in key markets a few quarters ago, which seems to have aided in driving strong growth for the segment. CLGT continues to drive competitive growth, considering HUL posted 5-6% sales growth in its oral care segment this quarter.”

Makarand Padalkar, Managing Director and Chief Executive Officer, Oracle Financial Services Software, said, “We are witnessing a mindset change in the global financial industry with a greater demand for cloud offerings. The continued growth in our license and cloud signings is a result of the proven ability of our products to deliver end-to-end solutions that meet customers’ business needs and arm them with competitive advantage. We have successfully delivered this quarter a double-digit growth year-over-year with revenue growing 16% and net income growing 38%.”

NTPC Ltd recorded a profit growth of 13.8 per cent for the second quarter of FY25 at Rs 5380.25 crore in comparison to Rs 4726.40 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 44,696.30 crore, posting a drop of 0.6 per cent as against Rs 44983.35 crore during the same period of previous financial year.

The company board also declared its first interim dividend at the rate of 25 per cent (Rs 2.50 per share) on the face value of paid-up equity shares of Rs 10 each for the financial year 2024-25. The date of payment / dispatch of dividend shall be 18 November 2024, it said.

Delhi Airport: Pax traffic during Q2 increased to 19.0 million, up by 7.6 per cent YoY from 17.7 million in Q2FY24. Domestic traffic increased by 5.8 per cent YoY while international traffic increased significantly by 12.7 per cent YoY in Q2FY25.

Hyderabad Airport: Q2FY25 pax traffic increased to 6.9 million, up by 14.0 per cent YoY from 6.0 million in Q2FY24. Domestic traffic increased by 14.5 per cent while international traffic increased by 11.5 per cent YoY in Q2FY25.

Mopa (Goa) Airport: Pax traffic during the quarter increased to 1.04 million, up by 15.8 per cent YoY from 0.9 million in Q2FY24.

Bhogapuram Airport (Visakhapatnam, Andhra Pradesh): During the quarter, it received approval from project finance lenders for debt of Rs 3,215 crore with a tenure of 18 years.

Today, companies like Coal India, JSW Steel, DLF, Bharat Electronics, Interglobe Aviation, Bharat Petroleum Corporation, Bank of Baroda, Shriram Finance, Torrent Pharmaceuticals, Hindustan Petroleum Corporation, IDBI Bank, Bandhan Bank, Poonawalla Fincorp, NIIT, ICRA, Novartis India, Phoenix Mills, Inox Wind, JM Financial, Jammu and Kashmir Bank, Mahindra Holidays and Resorts India, Gensol Engineering, and many others will release their Q2 earnings report.

Greetings! While major companies including TCS, HUL, HCL Technologies, Infosys, Wipro, Tech Mahindra, Nestle, ITC, HUL, HDFC Bank, Zomato, Paytm, and others have already announced their Q2 earnings, we, at FinancialExpress.com, are continuously bringing all the updates on the performance by companies, what’s helping their growth and also what’s leading to a de-growth. We will continue to bring the latest updates through this live blog. Stay tuned.