Q2 Results Today: During the second week of the quarterly earnings session, several banks and prominent consumer goods companies including ITC and Hindustan Unilever released their Q2 results. These were followed by major Indian IT companies such as Wipro and some major metal players such as JSW Steel and Zinc Hindustan.
About 15 companies will release their September quarter results today. Investors focus on giants like New Delhi Television Ltd (NDTV), PNB Housing Financing Ltd, and Torrente Pharmaceuticals Ltd among the 15.
Here is the list of companies that will report their Q2FY24 numbers today: Alok Industries Ltd, Atishay Ltd, Aurum Proptech Ltd, Ganesha Ecoverse Ltd, Kewal Kiran Clothing Ltd, Lloyds Metals and Energy Ltd, Mahindra Logistics Ltd, Mahindra Holidays & Resorts India Ltd, New Delhi Television Ltd, NRAgarwal Industries Ltd, PNB Housing Finance Ltd, Poddar Housing And Development Ltd, Torrent Pharmaceuticals Ltd, Unistar Multimedia Ltd, and Veerkrupa Jewelers Limited.
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PNB Housing Financing Ltd
Brokerage Motilal Oswal Financial Services It expects assets under management (AUM) growth to be around 4% year-on-year. Furthermore, cost ratios are expected to moderate despite investments in distribution capabilities. The brokerage expects credit costs to remain practically stable in $650 million in 2QFY24.
"There should be a release of provisions from the resolution of a large corporate account in arrears. Cost ratios are expected to moderate despite investments in distribution capabilities. Comments on portfolio asset quality of retail loans, the NIM and the disbursement trajectory are key monitorable elements," the brokerage said in its report. report.
PNB Housing Finance reported a 47.8% year-on-year (YoY) rise in its consolidated net profit after tax for the fiscal first quarter ended June (Q1FY24) to $347.32 crores. The company had made a profit of $234.96 crore in the same period of the previous year. Sequentially, consolidated net income increased 24.4% from $279.28 crore in Q4FY23.
The housing finance company's consolidated total revenue from operations increased 21% year-over-year for $1,707.63 crore during the quarter ended June from $1,410.70 crore in Q1 FY23. Total revenue increased to $1,707.72 crore in the first quarter. He stopped at $411.99 crore in the same period of the previous year.
Torrent Farmacรฉutica Ltda
Torrent Pharmaceuticals obtains a consolidated net profit of $378 crore for June quarter (Q1FY24), up 7% year-on-year (YoY). Revenue increased to $2,591 crore during the quarter under review since $2,347 crore a year ago.
Earnings before interest, taxes, depreciation and amortization (Ebitda) reached $791 crore, with an Ebitda margin of 31%. The net profit margin stood at 14.6%.
Also Read: Torrent Pharma Q1 FY24 PAT Up 7%, Revenue Up 10%
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Updated: October 23, 2023, 09:01 am IST
