Q2 Results Live: Kwality Wall's Narrows Loss, Voltas Net Profit Rises 53%

Cholamandalam Financial Holdings reported a 16.9% year-on-year (YoY) increase in consolidated net profit to Rs 643 crore in Q2, compared with Rs 550 crore in the corresponding quarter last year.

Total income grew 18.9% YoY to Rs 11,388 crore from Rs 9,578 crore.

AvenuesAI reported a 4.5% year-on-year (YoY) decline in consolidated net profit to Rs 64 crore in Q2, compared with Rs 67 crore in the corresponding quarter last year.

Revenue surged 46.5% YoY to Rs 2,879 crore from Rs 1,965 crore. EBITDA, however, grew just 2.5% to Rs 98.9 crore from Rs 96.5 crore, while EBITDA margin contracted to 3.4% from 4.9% YoY.

Hindalco Industries reported consolidated net profit of Rs 7,532 crore in Q2, up 7.4% quarter-on-quarter (QoQ) from Rs 7,013 crore. The profit figure beat the estimate of Rs 6,108 crore. Revenue increased 8.1% QoQ to Rs 91,708 crore from Rs 84,825 crore, also surpassing the estimate of Rs 83,546 crore.

EBITDA stood at Rs 12,814 crore, beating the estimate of Rs 11,486 crore but declining 8% QoQ from Rs 13,932 crore. EBITDA margin contracted to 14% from 16.4% in the previous quarter, against the estimate of 13.7%. The company also reported a one-time gain of Rs 284 crore, compared with a one-time loss of Rs 2,299 crore in the previous quarter.

Segment highlights:

- Aluminium upstream revenue remained flat at Rs 13,364 crore QoQ.

- Aluminium upstream EBIT declined 5% QoQ to Rs 7,009 crore.

- Aluminium downstream revenue increased 13% QoQ to Rs 5,511 crore.

- Aluminium downstream EBIT rose 10% QoQ to Rs 329 crore.

Ratnamani Metals & Tubes reported a 23.6% quarter-on-quarter (QoQ) increase in consolidated net profit to Rs 102 crore in Q2, compared with Rs 82.2 crore in the previous quarter.

Revenue surged 38.7% QoQ to Rs 1,348 crore from Rs 972 crore. EBITDA increased 16.4% to Rs 189 crore from Rs 162 crore, while EBITDA margin contracted to 14% from 16.7% QoQ.

HUDCO said its disbursement pipeline remains strong and expressed confidence in achieving growth. The company is targeting a loan book of Rs 2 lakh crore by FY27 and Rs 3 lakh crore by FY30, while planning disbursements worth Rs 30,000 crore in the second half of FY27.

The company said it is targeting a net interest margin (NIM) of at least 3% and expects spreads to be around 2% by the end of FY27. It is also working towards becoming a zero-NPA company shortly.

Key highlights

- Strong disbursement pipeline, confident of growth.

- Targeting loan book of Rs 2 lakh crore by FY27 and Rs 3 lakh crore by FY30.

- Planning disbursements worth Rs 30,000 crore in H2.

- Assures spreads of around 2% by FY27-end.

- Targeting and maintaining NIM of at least 3%.

- Working towards becoming a zero-NPA company shortly.

- Consciously diversifying borrowing portfolio.

- Aggressively pursuing opportunities under RBI's swap window.

- Plans to borrow another $1 billion under RBI's swap window.

- Does not foresee foreign currency movement-related losses going forward.

- Working towards asset monetisation to boost other income.

Prism Johnson reported a consolidated net profit of Rs 206 crore in Q2, compared with Rs 2.8 crore in the corresponding quarter last year.

Revenue grew 8.2% year-on-year (YoY) to Rs 1,868 crore from Rs 1,727 crore. EBITDA increased 4.4% to Rs 194 crore from Rs 186 crore, while EBITDA margin contracted to 10.4% from 10.8% YoY.

Bikaji Foods reported an 11.3% year-on-year (YoY) decline in consolidated net profit to Rs 71 crore in Q2, compared with Rs 80 crore in the corresponding quarter last year.

Revenue grew 13% YoY to Rs 921 crore from Rs 815 crore. EBITDA, however, declined 9.9% to Rs 102 crore from Rs 113 crore, while EBITDA margin contracted to 11% from 13.8% YoY.

Schneider Electric reported a 42.3% year-on-year (YoY) decline in standalone net profit to Rs 30 crore in Q2, compared with Rs 52 crore in the corresponding quarter last year.

Revenue grew 19.8% YoY to Rs 779 crore from Rs 650 crore. However, EBITDA declined 28.5% to Rs 59.6 crore from Rs 83.3 crore, while EBITDA margin contracted to 7.7% from 12.8% YoY.

The Anup Engineering reported a 79% year-on-year (YoY) decline in net profit to Rs 6.6 crore in Q2, compared with Rs 32 crore in the corresponding quarter last year.

Revenue declined 21% YoY to Rs 182 crore from Rs 232 crore. EBITDA fell 66% to Rs 17.4 crore from Rs 51.5 crore, while EBITDA margin contracted sharply to 9.5% from 22.2% YoY.

Cemindia Projects expects to maintain margins above 10% in FY27, with several new projects likely to start contributing to margins over the next one to two quarters.

The company said it is targeting big-ticket projects but does not expect margins from data centre operations to exceed 10%.

Key highlights:

- Expects to maintain margins above 10% in FY27.

- Several new projects to start reflecting in margins over the next 1-2 quarters.

- Does not expect margins from data centre operations to exceed 10%.

- Company targeting big-ticket projects.

Thermax expects a prominent pick-up in its order book in Q3, with the company also anticipating significantly better margins during the quarter. Management expects margins to remain better for at least the next couple of quarters.

The company said higher commodity costs and shipping constraints weighed on its industrial products order book in Q2. It also expects revenue to exceed Rs 7,000 crore between Q3 and Q4, which could have a substantial impact on profitability.

Key highlights:

Sees prominent pick-up in order book in Q3.

Expects significantly better margins in Q3.

Sees better margins for at least a couple of quarters.

Higher commodity costs weighed on Q2 industrial products order book.

Shipping constraints had a bigger impact on industrial products.

Expects revenue to cross Rs 7,000 crore between Q3 and Q4.

Revenue above Rs 7,000 crore could have a substantial impact on profit.

Seeing a good uptick in electric cooling products business.

IRB Infrastructure Developers said the next round of toll-operate-transfer (TOT) bidding is expected by March, while the company plans to be more selective in pursuing such projects.

The company said its InvIT model is maturing, adding to cash flows and financial flexibility. It also indicated that the decline in interest costs witnessed in Q2 should become the new normal.

Key highlights:

- InvIT model maturing, supporting cash flows and financial flexibility.

- Next round of TOT bidding expected by March.

- Q2 interest cost decline should be the new normal.

- Company to be more selective in bidding for TOT projects.

- Asset monetisation becoming more enticing.

- No plans currently to venture into non-road projects.

Godrej Agrovet reported a 24.2% year-on-year increase in consolidated net profit to Rs 115 crore in Q2, compared with Rs 92.6 crore in the year-ago period.

Revenue increased 16.7% to Rs 2,995 crore from Rs 2,567 crore. EBITDA declined 6% to Rs 200 crore from Rs 213 crore, while EBITDA margin contracted to 6.7% from 8.3%.

Other income increased to Rs 21.8 crore from Rs 7.8 crore, while tax expenses declined to Rs 40.5 crore from Rs 50.7 crore.