← Go back Oct 10, 2023
GAIL Q2 Consolidated Quarter-On-QuarterRevenue down 15% at Rs 32,986 crore vs Rs 38,680 croreEbitda up 88% at Rs 3,580 crore vs Rs 1,904 croreMargin at 10.9% vs 4.9% up 593 bpsReported profit up 87% at Rs 2,442 crore vs Rs 1,305 croreSource: Exchange FilingIndian Oil Corp Q2 Consolidated Quarter-On-QuarterRevenue down 9% at Rs 1,79,246 crore vs Rs 1,98,551 croreEbitda down 1.6% at Rs 23,328 crore vs Rs 23,716 croreMargin at 13% vs 12% up 107 bpsReported profit up 20% at Rs 17,713 crore vs Rs 14,735 croreBoard approves a dividend of Rs 5 per share.Source: Exchange FilingAjanta Pharma Q2FY24 Consolidated Year-On-YearRevenue up 9.6% at Rs 1028 crore vs Rs 938 croreEbitda up 48% at Rs 291 crore vs Rs 196 croreMargin at 28.3% vs 21%Reported profit up 24.7% at Rs 195 crore vs Rs 157 croreSource: Exchange FilingArchean Chemical Industries Q2 Consolidated Year-On-YearRevenue down 1% at Rs 290 crore vs Rs 293 croreEbitda down 20% at Rs 95 crore vs Rs 119 croreMargin at 32.9% vs 40.4% down 754 bpsReported profit up 3.8% at Rs 66 crore vs Rs 64 croreSource: Exchange FilingGo Fashion (India) Q2 Consolidated Year-On-YearRevenue up 15% at Rs 189 crore vs Rs 164 croreEbitda up 14% at Rs 57 crore vs Rs 50 croreMargin at 30% vs 30.1% down 16 bpsReported profit up 4% at Rs 20 crore vs Rs 19 croreSource: Exchange FilingMost Real Estate Stocks Advance!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rDCX Systems Shares Surge Over 14% After Q2 Profit More Than DoublesShares of DCX Systems Ltd. surged over 14% on Tuesday after its second-quarter profit more than doubled.The company's net profit jumped 151.58% year-on-year to Rs 19.8 crore for the quarter ended September, according to an exchange filing on Monday.DCX Systems Q2 FY24 (Consolidated, YoY)Revenue is up 77.77% at Rs 309.12 crore vs. Rs 173.89 crore.Ebitda up 82.39% at Rs 18.44 crore vs. Rs 10.11 crore.Margin at 5.97% vs. 5.81%Net profit is up 151.58% at Rs 19.85 crore vs. Rs 7.89 crore.DCX Systems' stock rose as much as 14.39% during the day to Rs 312 apiece. The shares were trading 7.90% higher at Rs 294.30 apiece compared to a 0.23% decline in the benchmark NSE Nifty 50 at 1:00 p.m.It has risen 30.87% on a year-to-date basis. The total traded volume so far in the day stood at 12 times its 30-day average. The relative strength index was at 51.82, as of 12:59 p.m.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rVedant Fashions Q2 Consolidated Year-On-YearRevenue down 11.6% at Rs 218 crore vs Rs 247 croreEbitda down 19.6% at Rs 92.8 crore vs Rs 115.4 croreMargin at 42.5% vs 46.7% down 423 bpsNet profit down 29.4% at Rs 49 crore vs Rs 69 croreSource: Exchange FilingSensex, Nifty Slip As RIL, Sun Pharma, Infosys Drag: Midday Market UpdateIndian stock benchmarks declined after opening higher on Tuesday as investors are now looking forward to the key interest rate decision of the US Federal Reserve a day later.As of 12:13 p.m., the S&P BSE Sensex was 217.34 points or 0.34% down at 63,895.31, while the NSE Nifty 50 was 56.55 points or 0.30% lower at 19,084.35.The realty sector advanced, while shares of oil & gas and energy were under pressure.The Bank of Japan announced an upper limit for long-term yields at 1% as reference and raises inflation view for financial years 2023, 2024 and 2025. BoJ scraps reference to daily fixed rate bond-buying operations."Buy on dips is the strategy that has worked well in this highly volatile market," V K Vijayakumar, chief investment strategist at Geojit Financial Services, said. "In spite of multiple crises, risks and uncertainties, the market has been bouncing back smartly as evidenced by the 290-point rally in Nifty in the last two days."Globally, stock markets have refused to discount the West Asian crisis aggravating into a global catastrophe impacting markets. Three signals from the market are significant—one, the dollar index is down 0.40%; two, crude is down 3%; and three, safe haven buying in gold is limited. The takeaway from these market signals is that the market is climbing all walls of worries and a collapse triggered by geopolitical events is "unlikely", according to Vijayakumar.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rKotak Mahindra Bank Ltd., Asian Paints Ltd., SBI Life Insurance Co. and HDFC Life Insurance Co. contributed to the advance among Nifty 50 Index constituents.Reliance Industries, Sun Pharmaceutical Industries, Infosys, HDFC Bank and Bharti Airtel were contributing negatively.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rThe broader market indices outperformed the larger peers; the S&P BSE MidCap Index was up 0.16%, whereas S&P BSE SmallCap Index was 0.30% higher.12 out of the 20 sectors compiled by BSE declined. S&P BSE Oil & Gas declining the most.Most Life Insurance Stocks Advance!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSiemen Shares Tumble Over 5%Shares of Siemens Ltd. fell over 5% after Bloomberg reported Siemens Energy AG is considering selling a substantial part of its 24% stake in a listed Indian affiliate to former parent Siemens AG as part of efforts to shore up its balance sheet, citing people familiar with the matter.The stock fell as much as 5.38% during the day to Rs 3,246 apiece. The shares were trading 4.97% lower at Rs 3,260.10 apiece compared to a 0.21% decline in the benchmark NSE Nifty 50 at 11:41 a.m.It has risen 15.24% on a year-to-date basis. The total traded volume so far in the day stood at 6.9 times its 30-day average. The relative strength index was at 24 indicating stock may be oversold.Sixteen out of the 27 analysts tracking the stock maintain a 'buy' rating on the stock, five recommend 'hold' and six suggest 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 19.9%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rPetronet LNG Pare Losses After Dropping Over 3% Jefferies downgraded Petronet LNG Ltd. to 'underperform' rating, citing diversification into non-core area would deplete cash in the balance sheet.The board has approved Rs 207 billion capex in PDHPP capacity with expected commissioning in the next four years. " Project economics are uncertain given the lack of feedstock integration, weak PDH economics on large capacity addition in China and PP price trending below historical average", the research firm said in Oct 30 note.Petronet LNG's own ethane and propane handling capacity provides some cost savings, the note added."We lower our FY24/FY25/FY26E by 2%/6%/16% on higher net interest expense arising from accelerated capex".Jefferies has target price of Rs 180, implying an downside return potential of 10%.Petronet LNG Q2 FY24 ResultsThe company's consolidated net profit rose 4.5% year-on-year to Rs 856 crore in the quarter ended September, as compared with Rs 819 crore over the same period last year.Revenue from operations rose 7.5% to Rs 12,533 crore on higher sales.Operating profit, or Ebitda, for Q2 FY24 was up 2.8% to Rs 1,215 crore, while operating margin was 44 basis points lower at 9.7%, as compared with 10.1% a year ago.Petronet LNG's stock fell as much as 3.27% during the day to Rs 195.10 apiece. The shares were trading 1.66% lower at Rs 198.35 apiece compared to a 0.24% decline in the benchmark NSE Nifty 50 at 11:23 a.m.It has fallen 8.12% on a year-to-date basis. The total traded volume so far in the day stood at 11 times its 30-day average. The relative strength index was at 22 indicating stock may be oversold.Sixteen out of the 34 analysts tracking the stock maintain a 'buy' rating on the stock, ten recommend 'hold' and eight suggest 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 22.9%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rMahindra Financial Services Has 15.1 Lakh Shares Change Hands In Large Trade15.1 lakh shares changed hands in a large trade0.12% equity changed hands at Rs 246.95 apiece Buyers and sellers not known immediatelySource: BloombergSensex Slips Below 64,000-Mark!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rNifty Falls Over 130 Points From Day's Highest Point!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rMarket Trades Near Day's Low!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rL&T Gets 'Ultra-Mega' Contract For Its Hydrocarbon BusinessGets 'Ultra-Mega' contract for its hydrocarbon business in Middle East Gets contract further to the recent 'Ultra-Mega' project award for a Gas Compression plantAlert: L&T signifies orders above Rs 15,000 crore as 'Ultra-Mega' Exchange FilingInox Wind Has 3.82 Crore Shares Change Hands In Multiple Large Trades 3.82 crore shares change hands in multiple large trades11.7% equity changed hands in a price rage of Rs 208.15 to Rs 212.40Buyers and sellers not known immediatelySource: BloombergBlue Star Advance Over 9% After Q2 Profit SurgeShares of Blue Star Ltd. hit an all-time high on Tuesday after its second-quarter profit was up 66%.The air-conditioner maker's revenue grew 20% year-on-year to Rs 1,890 crore for the quarter ended September, according to an exchange filing on Monday.Blue Star Q2 FY24 (Consolidated Year-On-Year)Revenue is up 19.5% at Rs 1,890 crore vs. Rs 1,582 crore.Ebitda up 43% at Rs 123 crore vs. Rs 86 crore.Margin at 6.5% vs. 5.4%Reported profit was up 66% to Rs 71 crore vs. Rs 43 crore.Blue Star's stock rose as much as 9.49% during the day to Rs 955 apiece. The shares were trading 5.48% higher at Rs 920 apiece compared to a 0.21% decline in the benchmark NSE Nifty 50 at 10:31 a.m.It has risen 56.11% on a year-to-date basis. The total traded volume so far in the day stood at 8.6 times its 30-day average. The relative strength index was at 62.99,as of 9:58 a.m.Seventeen out of the 23 analysts tracking Blue Star maintain a 'buy' rating on the stock, four recommend 'hold' and two suggest 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential downside of 8.9%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rMost Asian Indices In Red Post Bank of Japan AnnouncementPower Grid Has 99.3 Lakh Shares Change Hands In A Large Trade99.3 lakh shares changed hands in a large trade0.1% equity changed hands at Rs 201.50 apiece Buyers and sellers not known immediatelySource: BloombergBroader Markets Outperform The broader market indices outperformed the larger peers; the S&P BSE MidCap Index was up 0.62%, whereas S&P BSE SmallCap Index was 0.80% higher. 19 out of the 20 sectors compiled by BSE advances. S&P BSE Realty gaining the most.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rTop Contributors To The Nifty 50 Change!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSensex, Nifty Open Higher: Opening BellIndia's benchmark stock indices opened higher on Tuesday after benchmark stock indices advanced for the second consecutive session on Monday. BoJ says upper limit for long-term yields is 1% as reference and raises inflation view for FY2023, FY2024, FY2025. BoJ scraps reference to daily fixed rate bond-buying operationsInvestors will now look forward to the key interest rate decision of US Federal Reserve on Wednesday.At pre-open, the S&P BSE Sensex was up 337 points, or 0.53%, at 64,449.65 while the NSE Nifty 50 was 92.05 points or 0.48% higher at 19,053.40.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r"As long as the index holds 18900/63400 points, the pullback momentum is likely to continue and it may go up to 19200-19225/64300-64500. In case the markets have enough strength, then it may cross the resistance of 19335/64880, which would minimize the downside in the long run. Our view is that traders should buy on intraday corrections and sell on rallies for the day", Shrikant Chouhan, Head – Equity Research at Kotak Securities said."Conversely, if the index falls below 18900/63400, traders may prefer to exit trading long positions. The Bank Nifty is entering into a multiple resistance zone between 43300 and 43500 levels, and support exists at 42800 and 42700 levels", Chouhan added.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSensex, Nifty Advance At Pre-OpenAt pre-open, the S&P BSE Sensex was up 337 points, or 0.53%, at 64,449.65 while the NSE Nifty 50 was 92.05 points or 0.48% higher at 19,053.40.Source: BloombergYield On The 10-Year FlatThe yield on the 10-year bond opened flat at 7.36% on Tuesday.Source: BloombergRupee Opens Flat Against The U.S. DollarThe local opened flat at Rs 83.26 against the U.S dollar on Tuesday.Source: BloombergMost Asian Markets Trade LowerGlobal CuesU.S. Dollar Index at 106.19U.S. 10-year bond yield at 4.90% Brent crude up 0.73% at $88.09 per barrel Nymex crude up 0.69% at $82.88 per barrelGIFT Nifty down 0.05% at 19,215.5 as of 8:10 a.m. Bitcoin up 0.36% at 34,562.69Japan's Bond Yield Rises To Decade High Before BOJ: Markets WrapF&O CuesNifty November futures rose 0.54% to 19234.25, at a premium of 93.35 points.Nifty November futures open interest increased by 0.86% or 1,851 contracts.Nifty Bank November futures rose 0.68% to 43,335, at a premium of 295.15 points.Nifty Bank November futures open interest increased by 5.40% or 8,467 contracts.Nifty Options Nov 2 Expiry: Maximum call open interest at 19,500 and maximum put open interest at 19,000.Securities in the ban period: Nil.Uttar Pradesh Power Pays Rs 1,361 Crore As Arrears To Bajaj HindusthanTrading TweaksEx/Record Date Interim Dividend: Marico, GMM Pfaudler, Tide Water Oil (India), Petronet LNG, MMTC, and Siyaram Silk MillsOf Five Election-Bound States, This One Is Fiscally Most VulnerableWho's Meeting WhomPolycab India: To meet analysts and investors on Nov. 2.Keystone Realtors: To meet analysts and investors on Nov. 6.Indian Metals and Ferro Alloys: To meet analysts and investors on Nov. 3.Rossari Biotech: To meet analysts and investors on Nov. 6.Schneider Electric Infrastructure: To meet analysts and investors on Nov. 8.Shriram Finance: To meet analysts and investors on Oct. 31.Blue Dart Express: To meet analysts and investors on Nov. 2.Elecon Engineering: To meet analysts and investors on Nov. 8.Maharashtra Seamless: To meet analysts and investors on Nov. 2.Home First Finance: To meet analysts and investors on Nov. 3.Piramal Pharma: To meet analysts and investors on Nov. 7-8.Bharat Forge: To meet analysts and investors on Nov. 7,8,9.Granules India: To meet analysts and investors on Nov. 9.Dabur India: To meet analysts and investors on Nov. 6Chemplast Sanmar: To meet analysts and investors on Nov. 3.Alkem Laboratories: To meet analysts and investors on Nov. 7.Borosil Renewables: To meet analysts and investors on Nov. 8.Indraprastha Gas: To meet analysts and investors on Nov. 2.Endurance Technologies: To meet analysts and investors on Nov. 9.Styrenix Performance Materials: To meet analysts and investors on Nov. 2.Utkarsh Small Finance Bank: To meet analysts and investors on Nov. 6.Centum Electronics: To meet analysts and investors on Nov. 10.Sequent Scientific: To meet analysts and investors on Nov. 7.Metropolis Healthcare: To meet analysts and investors on Nov. 6.Ratnamani Metals: To meet analysts and investors on Nov. 3.One 97 Communications: To meet analysts and investors on Nov. 7, 8.PB Fintech: To meet analysts and investors on Nov. 6.Siyaram Silk Mills: To meet analysts and investors on Nov. 2.Wipro: To meet analysts and investors on Nov. 3.Metropolis Healthcare: To meet analysts and investors on Nov. 6.Jefferies Sees 25% Drop In India Stocks If BJP Loses 2024 PollsBulk DealsAbans Holding: Scoutbit General Trading bought 3.5 lakh shares (0.69%) at Rs 300.58 a piece.Keroram Industries: Pilot Consultancies bought 25 lakh shares (0.8%) at Rs 76.25 a piece.Swan Energy: Graviton Research Capital bought 14.1 lakh shares (0.53%) at Rs 387.31 a piece.Kesoram Industries: ICM Finance sold 25 lakh shares (0.8%) at Rs 76.25 a piece.Insider TradesSom Distilleries & Breweries: Promoter Deepak Arora bought 10,500 shares on Oct. 30.Uttar Pradesh Power Pays Rs 1,361 Crore As Arrears To Bajaj HindusthanIPO OfferingsCello World: The IPO was subscribed to 0.38 times, or 38%, on its first day. The bids were led by non-institutional investors (0.94 times, 94%), retail investors (0.35 times, 35%), and institutional investors (0.02 times, 2%), with a portion reserved for employees (0.42 times, 42%).Honasa Consumer: The Mamaearth parent will launch its IPO on Tuesday to fetch over Rs 1,700 crore at the upper end of the price band. The IPO consists of a fresh issue of equity shares worth Rs 365 crore and an offer-for-sale component of 4.12 crore equity shares. The price brand for the offer has been fixed at Rs 308–324 per share. The company has raised Rs 765.2 crore from anchor investors.Honasa Consumer Raises Rs 765 Crore From Anchor Investors Ahead Of IPOStocks To Watch: DLF, TVS Motor, Bharti Airtel, Marico, Power Grid In FocusTata Motors: The carmaker said an arbitration panel has ruled in its favour to recover Rs 766 crore with interest from the West Bengal Industrial Development Corp. for the Singur-Nano project that the company was forced to scrap.Marico: The board approved an interim dividend of Rs 3 per share.Power Grid Corp.: The company acquired Beawar Dausa Transmission via tariff-based competitive bidding for an aggregate value of nearly Rs 21.37 crore, subject to adjustment.Gulf Oil Lubricants: The company acquired 51% of Tirec Transmission.Filatex India: Board-approved expansion project for manufacturing recycling ships with a capacity of 20,000 TPA from polyester and textile waste. The project is to be executed by a company or subsidiary at an estimated cost of Rs 150 crore.JK Cement: The company proposed to acquire shares of four companies under captive power plant mode through SPV.Chemplast Sanmar: The custom-manufactured chemical division signed an LOI with a global agrochemical innovator to manufacture a new pipeline of active ingredients for five years. Commercial supplies are expected to start in CY2025.Astral: Atul Sanghvi, president of Faucet and Sanitary Ware, resigned.DCM Shriram: The company will set up a sugar plant in Loni, Uttar Pradesh, to increase capacity to 9,400 TCD from 7,300 TCD.HFCL: The company launched a comprehensive suite of next-gen connectivity products and solutions at India Mobile Congress 2023.Colgate Palmolive: The company received a transfer pricing order of Rs 170 crore from the Income Tax Authority for AY 2021–22. It will make an application before the Dispute Resolution Panel.Prism Johnson: The company’s greenfield tile production plant in West Bengal, with a capacity of 6.3 MSM p.a., started commercial production. Total tile production capacity of H&R Johnson (India) Division up from 61 MSM p.a. to 67 MSM p.a.Bajaj Hindusthan Sugar: The company has received Rs 1,361 crore in the respective escrow account maintained exclusively for cane price payments for each of its 14 sugar units from Uttar Pradesh Power Corporation. The amount is paid to the cane growers towards the cane payment arrears for the sugar season 2022–23.PSP Projects: The company bagged work orders worth Rs 200.25 crore in Gujarat. The total order inflow for FY24 amounts to Rs 958.63 crore.Tata Motors Wins Compensation From West Bengal In Singur-Nano Project CaseEarnings In FocusAdani Total Gas, Bharti Airtel, Larsen and Toubro, Indian Oil, Tata Consumer Products, GAIL, Mankind Pharma, Jindal Steel and Power, Star Health and Allied Insurance Company, Vedant Fashions, Max Financial Services, Motherson Sumi Wiring India, KEI Industries, Ajanta Pharma, Five-Star Business Finance, Gillette India, Navin Fluorine International, Mangalore Refinery and Petrochemicals, Capri Global Capital, Birlasoft, Kaynes Technology India, V-Guard Industries, Nuvoco Vistas Corporation, Aether Industries, C.E. Info Systems, RITES, Amara Raja Batteries, Vardhman Textiles, Praj Industries, VIP Industries, PNC Infratechm, Archean Chemical Industries, Go Fashion (India), Gravita India, Reliance Power, JSW Holdings, Paradeep Phosphates, Arvind Ltd, Indiabulls Real Estate, DCB Bank, Thyrocare Technologies, CARE Ratings, ADF Foods, Balu Forge Industries, Yasho Industries, Cantabil Retail India, Dhampur Sugar Mills, NIIT, Kokuyo Camlin, Geojit Financial Services, Bigbloc Construction, Shiva Cement.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rBharti Airtel Q2 Results Preview: Revenue, Margin To Remain FlatEarnings Post Market HoursDLF Q2 FY24 (Consolidated, YoY)Revenue is up 3.5% at Rs 1,348 crore vs. Rs 1,302 crore.Ebitda up 6% at Rs 462 crore vs. Rs 437 crore.Margin at 34% vs. 33.5%Reported profit is up 30% to Rs 622 crore vs. Rs 477 crore.Marico Q2 (Consolidated, YoY)Revenue is down 0.8% to Rs 2,476 crore vs. Rs 2,496 crore.Ebitda up 14.8% at Rs 497 crore vs. Rs 433 crore.Margin at 20.1% vs. 17.3%, up 272 bpsReported profit was up 17.3% to Rs 360 crore vs. Rs 307 crore.Rainbow Children's Medicare Q2 FY24 (Consolidated, YoY)Revenue is up 6.3% at Rs 333 crore vs. Rs 313 crore.Ebitda rises 7% to Rs 118 crore vs. Rs 110 crore.Margin at 35% vs. 35%Net profit is up 2.7% at Rs 63 crore vs. Rs 62 crore.Procter & Gamble Hygiene and Health Care Q2 FY24 (YoY)Revenue is up 8.9% at Rs 1,138 crore vs. Rs 1,045 crore.Ebitda up 33.1% at Rs 285 crore vs. Rs 214 crore.Margin at 25% vs. 20.5%Net profit is up 36.4% at Rs 211 crore vs. Rs 154 crore.Filatex India Q2 FY24 (Consolidated, YoY)Revenue is down 4.8% at Rs 1,108 crore vs. Rs 1,163 crore.Ebitda up 16.4% at Rs 54 crore vs. Rs 46 crore.Margin at 4.9% vs. 4%Reported profit is down 8.2% to Rs 23 crore vs. Rs 25 crore.Castrol India Q2 FY24 (Consolidated, YoY)Revenue is up 5.5% at Rs 1,183 crore vs. Rs 1,121 crore.Ebitda up 4.4% at Rs 269 crore vs. Rs 257 crore.Margin at 22.7% vs. 22.9%Net profit is up 3.9% at Rs 194 crore vs. Rs 187 crore.TVS Motor Co. Q2 FY24 (Standalone, YoY)Revenue is up 12.8% at Rs 8,145 crore vs. Rs 7,219 crore.Ebitda up 22.2% at Rs 900 crore vs. Rs 737 crore.Margin at 11% vs. 10.2%Net profit is up 31.7% at Rs 537 crore vs. Rs 407 crore.Sterling Tools Q2 FY24 (Consolidated, YoY)Revenue is up 17.7% at Rs 210 crore vs. Rs 179 crore.Ebitda up 1.4% at Rs 25 crore vs. Rs 25 crore.Margin at 12.1% vs. 14%Net profit is down 24.9% to Rs 12 crore vs. Rs 17 crore.APL Apollo Tubes Q2 FY24 (Consolidated, YoY)Revenue is up 16.7% at Rs 4,630 crore vs. Rs 3,969 crore.Ebitda up 40.2% at Rs 325 crore vs. Rs 232 crore.Margin at 7% vs. 5.8%Reported profit was up 35.1% at Rs 203 crore vs. Rs 150 crore.Blue Star Q2 FY24 (Consolidated, YoY)Revenue is up 19.5% at Rs 1,890 crore vs. Rs 1,582 crore.Ebitda up 43% at Rs 123 crore vs. Rs 86 crore.Margin at 6.5% vs. 5.4%Reported profit was up 66% to Rs 71 crore vs. Rs 43 crore.Spandana Sphoorty Financial Q2 FY24 (Consolidated, YoY)Total income is up 92% at Rs 138 crore vs. Rs 72 crore.Reported profit was up 127% at Rs 125 crore vs. Rs 55 crore.GMR Airports Infrastructure Q2 FY24 (Consolidated, YoY)Revenue is up 30.3% at Rs 2,064 crore vs. Rs 1,584 crore.Ebitda up 55.2% at Rs 727 crore vs. Rs 468 crore.Margin at 35.2% vs. 29.6%Net loss of Rs 190.4 crore vs. loss of Rs 196 croreManaglore Chemicals and Fertilisers Q2 FY24 (Consolidated, YoY)Revenue is up 397.69% at Rs 1,410.41 crore vs. Rs 283.39 crore.Ebitda profit of Rs 141.47 crore vs. Ebitda loss of Rs 18.71 croreMargin at 10.02%Net profit of Rs 67.71 crore vs. net loss of Rs 32.19 croreFine Organic Industries Q2 FY24 (Consolidated, YoY)Revenue is down 41.2% at Rs 540 crore vs. Rs 919 crore.Ebitda down 48.4% at Rs 131 crore vs. Rs 254 crore.Margin at 24.2% vs. 27.6%Reported profit is down 49% to Rs 103 crore vs. Rs 203 crore.Triveni Engineering and Industries Q2 FY24 (Consolidated, YoY)Revenue is up 10% at Rs 1,409 crore vs. Rs 1,346 crore.Ebitda up 38.7% at Rs 63 crore vs. Rs 45 crore.Margin at 4.5% vs. 3.4%Net profit is down 98% to Rs 29 crore vs. Rs 1,388 crore.Note: The company reported a one-time gain of Rs 1,401 crore in Q2 FY23.DCM Shriram Q2 FY24 (Consolidated, YoY)Revenue is down 1.7% to Rs 2,708 crore vs. Rs 2,740 crore.Ebitda down 57.8% at Rs 114 crore vs. Rs 270 crore.Margin at 4.2% vs. 9.9%Net profit is down 74.8% to Rs 32 crore vs. Rs 128 crore. SIS Q2 FY24 (Consolidated, YoY)Revenue is up 11.1% at Rs 3,073.6 crore vs. Rs 2,767.7 crore.Ebitda up 23% at Rs 145 crore vs. Rs 110 crore.Margin at 4.7% vs. 4%Net profit is up 9.9% at Rs 75 crore vs. Rs 67 crore.Siyaram Silk Mills Q2 FY24 (Consolidated, YoY)Revenue is down 7.9% to Rs 586 crore vs. Rs 636 crore.Ebitda down 26.5% at Rs 88 crore vs. Rs 119 crore.Margin at 15% vs. 18.8%Net profit is down 23.5% to Rs 61 crore vs. Rs 80 crore.LG Balakrishnan and Brothers Q2 FY24 (YoY)Revenue is up 5.2% at Rs 573 crore vs. Rs 545 crore.Ebitda up 4.4% at Rs 102 crore vs. Rs 98 crore.Margin at 17.9% vs. 18%Reported profit was up 16.7% at Rs 76 crore vs. Rs 65 crore.TVS Holdings Q2 FY24 (Consolidated, YoY)Revenue is up 16.9% at Rs 10,473 crore vs. Rs 8,963 crore.Ebitda up 18.1% at Rs 1,360 crore vs. Rs 1,152 crore.Margin at 13% vs. 12.8%Reported profit was up 16% to Rs 457 crore vs. Rs 394 crore.Jyoti Resins and Adhesives Q2 FY24 (YoY)Revenue is down 4.1% at Rs 63 crore vs. Rs 66 crore.Ebitda up 60.3% at Rs 21 crore vs. Rs 13 crore.Margin at 34% vs. 20.3%Reported profit was up 83.7% at Rs 16 crore vs. Rs 9 crore.Nelcast Q2 FY24 (Consolidated, YoY)Revenue is up 9.1% at Rs 358 crore vs. Rs 329 crore.Ebitda up 17.9% at Rs 32 crore vs. Rs 27 crore.Margin at 8.9% vs. 8.2%Reported profit was up 37% to Rs 17 crore vs. Rs 12 crore.Jagran Prakashan Q2 FY24 (YoY)Revenue is down 0.3% to Rs 391 crore vs. Rs 392 crore.Ebitda down 21.4% at Rs 65 crore vs. Rs 82 crore.Margin at 16.5% vs. 21%Net profit is down 19.1% at Rs 45 crore vs. Rs 55 crore.Vesuvius India Q2 FY24 (Standalone, YoY)Revenue is up 16.7% at Rs 410 crore vs. Rs 351 crore.Ebitda up 62.6% at Rs 79 crore vs. Rs 48 crore.Margin at 19.2% vs. 13.8%Net profit is up 67% at Rs 60 crore vs. Rs 36 crore.DCX Systems Q2 FY24 (Consolidated, YoY)Revenue is up 77.77% at Rs 309.12 crore vs. Rs 173.89 crore.Ebitda up 82.39% at Rs 18.44 crore vs. Rs 10.11 crore.Margin at 5.97% vs. 5.81%Net profit is up 151.58% at Rs 19.85 crore vs. Rs 7.89 crore.Gokaldas Exports Q2 FY24 (Consolidated, YoY)Revenue is down 12.2% at Rs 500 crore vs. Rs 570 crore.Ebitda down 27.9% at Rs 47 crore vs. Rs 65 crore.Margin at 9.4% vs. 11.5%Net profit is down 48.2% to Rs 24 crore vs. Rs 46 crore.Marico Q2 Results: Profit Up 17.3%, Revenue Dips On Price Cuts, Weak DemandGIFT Nifty Signals A Cautious Start For The BenchmarksAsia stocks are poised for a mixed open. The yen rallied on a report that the Bank of Japan may raise a limit on government bond yields, Bloomberg reported.Japan’s currency surged to its strongest level in nearly three weeks after Nikkei reported, without identifying from where it obtained the information, that the Bank of Japan is considering letting the yield on 10-year government bonds rise above 1%.Brent crude rose to $88.05 a barrel, and West Texas Intermediate was trading around the $82.85 level. The yield on the 10-year U.S. bond was trading at 4.90%, whereas Bitcoin was above the $34,000 level.At 8:10 a.m., the Singapore-traded GIFT Nifty, an early indicator of the Nifty 50 Index’s performance in India, was down 0.03% to 19,219.India's benchmark stock indices advanced for the second consecutive session on Monday, supported by gains in Reliance Industries and HDFC Bank.The S&P BSE Sensex closed 329.85 points, or 0.52%, higher at 64,112.65, while the NSE Nifty 50 gained 93.65 points, or 0.49%, to end at 19,40.90.Intraday, the S&P BSE Sensex rose 0.63% to 64,184.58, and the NSE Nifty 50 gained 0.58% to 19,158.50.Overseas investors became net sellers of Indian equities for the fourth day in a row. Foreign portfolio investors offloaded stocks worth Rs 1,761.7 crore, while domestic institutional investors turned net buyers and mopped up equities worth Rs 1,328.5 crore, the NSE data showed.The Indian rupee closed flat at 83.25 against the U.S. dollar on Monday.Stock Market Today: All You Need To Know Going Into Trade On Oct. 31. Read more on Business News by BloombergQuint.
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