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Q2 earnings: Tata Elxsi's PAT rises 39% YoY; Federal Bank net profit up 53%

Tata Elxsi, Federal Bank, Bajaj Auto, Shree Cement, etc announced their Q2 earnings results on Friday.Premium
Tata Elxsi, Federal Bank, Bajaj Auto, Shree Cement, etc announced their Q2 earnings results on Friday.

Bajaj Auto, Tata Elxsi, Federal Bank, Shree Cement announced their Q2 earnings results on Friday

After giant IT services companies, Infosys and Mindtree showcased better-than-expected yearly growth in profit on Thursday, companies like Tata Elxsi, Federal Bank, Bajaj Auto, Shree Cement to announce their Q2 earnings results on Friday. Tata Elxsi reported a 39.1% rise in its net profit in Q2. Whereas, Federal Bank reported a rise in its standalone net profit by 53% for the second quarter ended September 2022.

14 Oct 2022, 07:42:52 PM IST

Bajaj EBITDA rises 24.9% YoY

Bajaj reported a 24.9% rise in EBITDA to 1749 crore in Q2 this year from 1,400 crore in the same quarter last year.

14 Oct 2022, 06:45:31 PM IST

Shree Cement reports 41.8% YoY drop in EBITDA

In its Q2 earnings results, Shree Cement has reported a 41.8% YoY fall in EBITDA to 522.9 crore in Q2 from 898 crore in the same quarter last year.

14 Oct 2022, 06:15:06 PM IST

Bajaj Auto profits fell 15.7% YoY

Bajaj Auto consolidated net profit fell 15.7% year-on-year in the quarter under review. Its consolidated net profit reduced to 1,719.4 crore from 2,039.9 crore during the same quarter in previous year.

14 Oct 2022, 05:44:37 PM IST

Tata Elxsi net profit rose 39% YoY, fell 5.7% QoQ

Tata Elxsi reported a 39.1% rise in its net profit 174.28 crore in the quarter under review from 125.33 crore in the same quarter last year. However, the company marked 5.65% sequential fall in its net profit from 184.72 crore reported in previous quarter of the same financial year

14 Oct 2022, 05:28:30 PM IST

Shree Cement consolidated net profit fell by 67.4% YoY

Shree Cement witnessed a major year-on-year fall in its consolidated net profit in the quarter under review. The company's consolidated net profit fell by 67.42 % to 183.36 crore in September 2022 from 562.83 crore in September 2021. Moreover, its consolidated profit dropped sequentially by 34.39% from 279.50 crore reported in previous quarter.

14 Oct 2022, 04:44:49 PM IST

Shree Cement net sales fell 8.5% in Q2

Shree Cement witnessed 8.5% sequential fall in its consolidated net sales in the quarter under review. The company sales reduced to 4038.08 crore in September quarter from 4,414.85 crore in June quarter of the current financial year. 

14 Oct 2022, 04:34:01 PM IST

Bajaj Auto net sales up by 27.5%

Bajaj Auto reported a sequential growth in its net sales by 27.45% in the quarter under review. In its Q2 results, the company reported a growth in its revenue to 10,202.71 crore in Q1 from 8,004.90 crore in Q1.

14 Oct 2022, 04:25:59 PM IST

Tata Elxsi net sales rose 30% in Q1

With 30.1% year-on-year rise in its net sales, Tata Elexsi showed an impressive performance in previous quarter. Along with net sales, the company also reported standalone net profit of 62.92% in first quarter of current fiscal year. The company profit increased to 184.72 crore in June 22 from 113.38 crore in June21.

14 Oct 2022, 03:43:41 PM IST

Shree Cement net profit fell 56% YoY in Q1

Shree Cement ltd witnessed a significant fall in its consolidated net profit last quarter over the same period in 2021. Its net profit was reduced to 279.50 crore in June 22 from 629.90 crore in June 21.

14 Oct 2022, 03:09:15 PM IST

Bajaj Auto shares trading low ahead of Q2 results

Ahead of its Q2 results announcement, Bajaj Auto Ltd shares are trading 0.92% lower at 3572.00 on BSE index on Friday. Its shares opened at 3653.10 today.

14 Oct 2022, 02:40:45 PM IST

Federal Bank NII rose by 19% YoY

The private bank’s net income interest(NII) rose about 19% to 1,762 crore from 1,479.4 crore annually. Along with this, its net interest margin(NIM) improved 3.30% by 10 bps annually and 8 bps sequentially.

14 Oct 2022, 02:07:26 PM IST

Federal Bank shares trading higher post Q2 earnings 

Federal Bank shares are improving after the company announced its Q2 results on Friday. The company shares are trading 5.09% higher at 131.15 in BSE. The company shares opened at 127.30 today.

14 Oct 2022, 01:55:14 PM IST

Federal Bank provisions and contingency rose quarterly, dipped annually

The private bank reported a 61% sequential rise in its provision and contingencies to 267.8 crore from 166 crore in last quarter. However, it was less than 292 crore of provision and contingencies reported in June 2021. The bank's capital adequacy ratio (%) under Basel III dropped to 13.84% from 14.57% reported in Q1 and 14.97% reported in June 2021.

14 Oct 2022, 01:45:07 PM IST

Federal Bank recorded sequential dip in NPA

Federal Bank showed an impressive reduction in its non-performing assets. The private bank's net NPA fell to 0.78% from 0.94% quarter-on-quarter (QoQ). Moreover, its gross NPA dipped to 2.46% becoming the lowest in 24 quarters.

14 Oct 2022, 01:36:18 PM IST

Federal Bank net profit up 53%

Federal Bank reported a rise in its standalone net profit by 53% for the second quarter ended September 2022. Its net profit increased to 703.7 crore vs 460.3 crore in the same quarter last year 

14 Oct 2022, 12:44:54 PM IST

Bajaj recorded 8.4% YoY revenue growth in Q1,net profit 0.58% low

Bajaj Auto Ltd registered 8.38% revenue growth in quarter that ended in June from same period last year. It recorded 8004.90 crore of revenue in last quarter vs 7,386 crore in June 2021. However, there was a 0.58% of reduction in consolidated net profit.

14 Oct 2022, 12:07:14 PM IST

Shree Cement shares up 0.80%

Shree Cement shares are trading 0.80% higher at 21226.15. However, the company shares opened at 21250 on Friday.

14 Oct 2022, 11:23:43 AM IST

Tata Elxsi shares trade higher ahead of Q2

IT-Software company, Tata Elxsi, made a good start by opening with a gain of 1.9% at 8471.30. Company shares are currently trading 2.25% higher at 8499.75.

14 Oct 2022, 10:46:19 AM IST

Federal Bank opened with 2% gain ahead of results

Indian private sector bank, Federal Bank, showed a good start ahead of its Q2 results announcement. The private bank shares opened with a gain of 2% at 127.30 on Friday. 

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