Sensex, Nifty Fall As HDFC Bank, L&T Drag; Realty Stocks Rise

Aether Industries Q2 FY24 (Consolidated, YoY)

• Revenue is up 17.1% at Rs 164.2 crore vs. Rs 140.2 crore (Bloomberg estimate: Rs 173 crore).

• Ebitda up 24.7% at Rs 46 crore vs. Rs 36.9 crore (Bloomberg estimate: Rs 51.2 crore).

• Margin at 28% vs. 26.3% (Bloomberg estimate: 29.8%)

• Net profit up 34.8% at Rs 36.7 crore vs. Rs 27.2 crore (Bloomberg estimate: Rs 32.2 crore).

Motherson Sumi Wiring Q2 FY24 (YoY)

• Revenue up 14.7% at Rs 2,105 crore vs. Rs 1,835 crore (Bloomberg estimate: Rs 2,019.4 crore).

• Ebitda up 37.2% at Rs 248.1 crore vs. Rs 180.8 crore (Bloomberg estimate: Rs 258.6 crore).

• Margin at 11.8% vs. 9.9%, up 193 bps (Bloomberg estimate: 12.8%).

• Net profit up 33.9% at Rs 156 crore vs. Rs 116 crore (Bloomberg estimate: Rs 166.6 crore).

C.E. Info Systems Q2 FY24 (Consolidated, QoQ)

• Revenue up 1.9% at Rs 91.1 crore vs. Rs 89.4 crore (Bloomberg estimate: Rs 96.63 crore).

• EBIT is up 8.7% at Rs 37 crore vs. Rs 34.3 crore (Bloomberg estimate: Rs 39.7 crore).

• Margin at 40.9% vs. 38.32% (Bloomberg estimate: 41.1%)

• Net profit up 3.4% at Rs 33.1 crore vs. Rs 32 crore (Bloomberg estimate: Rs 35.95 crore).

Five-Star Business Finance Q2 FY24 (YoY)

Navin Flourine Q2 FY24 (Consolidated, YoY)

• Revenue up 12.5% at Rs 472 crore vs. Rs 419 crore (Bloomberg estimate: Rs 525.3 crore).

• Ebitda up 4.8% at Rs 98 crore vs. Rs 94 crore (Bloomberg estimate: Rs 126.46 crore).

• Margin at 20.8% vs. 22.4%, down 153 bps (Bloomberg estimate: 24.1%).

• Net profit up 4.8% at Rs 60.6 crore vs. Rs 57.8 crore (Bloomberg estimate: Rs 68.4 crore).

Adani Total Gas Q2 FY24 (Consolidated, QoQ)

• Revenue up 3.8% at Rs 1,095.6 crore vs. Rs 1,056.1 crore.

• Ebitda up 13% at Rs 279.9 crore vs. Rs 247.7 crore.

• Margin at 25.6% vs. 23.5%, up 209 bps

• Net profit up 15% at Rs 172.7 crore vs. Rs 150.2 crore.

Thyrocare Technologies Q2 FY24 (Consolidated, YoY)

• Revenue up 9.7% at Rs 148 crore vs. Rs 135 crore (Bloomberg estimate: Rs 146.57 crore).

• Ebitda up 19% at Rs 37.5 crore vs. Rs 31.6 crore (Bloomberg estimate: Rs 40.8 crore).

• Margin at 25.4% vs. 23.4%, up 195 bps (Bloomberg estimate: 27.8%).

• Net profit up 31.8% at Rs 20.3 crore vs. Rs 15.4 crore (Bloomberg estimate: Rs 24.77 crore).

Nuvoco Vistas Q2 FY24 (Consolidated, YoY)

• Revenue up 7.2% at Rs 2,573 crore vs. Rs 2,401 crore (Bloomberg estimate: Rs 2,531.26 crore).

• Ebitda up 71.8% at Rs 330 crore vs. Rs 192 crore (Bloomberg estimate: Rs 350.21 crore).

• Margin at 12.8% vs. 7.9%, up 482 bps (Bloomberg estimate: 13.8%).

• Net profit of Rs 1.5 crore vs. reported loss of Rs 130.4 crore (Bloomberg estimate: net loss of Rs 23.77 crore)

Note: The company reported an exceptional loss of Rs 169.8 crore in Q1 FY23.

Bharti Airtel Q2 FY24 (Consolidated, QoQ)

• Revenue down 1.1% at Rs 37,044 crore vs. Rs 37,440 crore (Bloomberg Estimate: Rs 38,096.89 crore).

• Ebitda down 0.4% at Rs 19,514 crore vs. Rs 19,599 crore (Bloomberg estimate: Rs 19,916.3 crore).

• Margin at 52.7% vs. 52.3%, up 33 bps

• Net profit up 37.7% at Rs 2,093.2 crore vs. Rs 1,520.2 crore (Bloomberg estimate: Rs 3,205.17 crore).

• ARPU at Rs 203 vs. Rs 190 YoY.

Note: One-time loss in Q2 at Rs 1,570.3 crore.

DCB Bank Q2 FY24

• NII at Rs 475.7 crore vs. Rs 411.1 crore, up 16% year over year.

• Net profit up 13% YoY at Rs 126.8 crore.

• Gross NPA at 3.36% vs. 3.26% (QoQ)

• Net NPA at 1.28% vs. 1.19% (QoQ)

Geojit Financial Services Q2 FY24 (YoY)

Jindal Steel and Power Q2 FY24 (Consolidated, YoY)

• Revenue down 9.4% at Rs 12,250.2 crore vs. Rs 13,521.4 crore (Bloomberg estimate: Rs 12,585.4 crore).

• Ebitda up 18.35% at Rs 2,285.7 crore vs. Rs 1,931.4 crore (Bloomberg estimate: Rs 2,364.8 crore).

• Ebitda margin at 18.66% vs. 14.28% (Bloomberg estimate: 18.8%).

• Net profit up 6.34 times at Rs 1,390.1 crore vs. Rs 219.3 crore (Bloomberg estimate: Rs 1,078.7 crore).

Max Financial Q2 FY24 (Consolidated, YoY)

• Revenue up 9.1% at Rs 10,165 crore vs. Rs 9,316 crore.

• Net profit up 176% at Rs 170 crore vs. Rs 61.6 crore (Bloomberg estimate: Rs 262.35 crore).

Mankind Pharma Q2 FY24 (Consolidated, YoY)

• Revenue up 11.6% at Rs 2,708 crore vs. Rs 2,426 crore (Bloomberg estimate: Rs 2,699.18 crore).

• Ebitda up 15.6% at Rs 683 crore vs. Rs 591 crore (Bloomberg estimate: Rs 695 crore).

• Margin at 25.2% vs. 24.4%, up 85 bps (Bloomberg estimate: 25.7%).

• Net profit up 21% at Rs 511 crore vs. Rs 423 crore (Bloomberg estimate: Rs 506.53 crore).

Amara Raja Energy and Mobility Q2 FY24 (Consolidated, YoY)

• Revenue is up 9.6% at Rs 2,959 crore vs. Rs 2,700 crore (Bloomberg estimate: Rs 2861 crore).

• Ebitda up 12.2% at Rs 402 crore vs. Rs 359 crore (Bloomberg estimate: Rs 380.6 crore).

• Margin at 13.6% vs. 13.3%, up 31 bps (Bloomberg estimate: 13.3%).

• Reported profit is up 12.5% at Rs 226.3 crore vs. Rs 201.2 crore (Bloomberg estimate: Rs 220.2 crore).

Star Health Q2 FY24 (YoY)

• Total income is up 15% at Rs 3,357 crore vs. Rs 2,918 crore.

• Reported profit was up 34.6% at Rs 125 crore vs. Rs 93 crore.

Birlasoft Q2 FY24 (Consolidated, QoQ)

• Revenue is up 3.73% at Rs 1,309.8 crore vs. Rs 1,262.7 crore (Bloomberg estimate: Rs 1,290.84 crore).

• EBIT is up 8.09% at Rs 185.64 crore vs. Rs 171.74 crore (estimate: Rs 174.04 crore).

• Margin at 14.17% vs. 13.60% (estimate: 13.48%)

• Net profit is up 5.47% at Rs 145.07 crore vs. Rs 137.74 crore (estimate: Rs 136.70 crore).

KEI Industries Q2 FY24 (Consolidated, YoY)

• Revenue is up 21% at Rs 1,947 crore vs. Rs 1,608 crore (Bloomberg estimate: Rs 1863.4 crore).

• Ebitda up 27% at Rs 204 crore vs. Rs 161 crore (Bloomberg estimate: Rs 193.15 crore).

• Margin at 10.5% vs. 9.9%, up 48 bps (Bloomberg estimate: 10.4%).

• Reported profit is up 31.2% at Rs 140.2 crore vs. Rs 106.9 crore (Bloomberg estimate: Rs 131.03 crore).

Mangalore Refinery and Petrochemicals Q2 FY24 (Consolidated, QoQ)

• Revenue is down 8% to Rs 19,230 crore vs. Rs 21,173 crore.

• Ebitda up 3.4% at Rs 2,138 crore vs. Rs 2,068 crore.

• Margin at 11.1% vs. 9.8%, up 135 bps

• Reported profit was up 3.6% to Rs 1,052 crore vs. Rs 1,015 crore.

L&T Q2 FY24 (Consolidated, YoY)

• Revenue is up 19.3% at Rs 51,024 crore vs. Rs 42,763 crore (Bloomberg estimate: Rs 50,670.08 crore).

• Ebitda up 15.1% at Rs 5,632 crore vs. Rs 4,894 crore (Bloomberg estimate: Rs 5,449.81 crore).

• Margin at 11% vs. 11.4%, down 40 bps (Bloomberg estimate: 10.8%).

• Reported profit was up 36.8% at Rs 3,856 crore vs. Rs 2,819 crore (Bloomberg estimate: Rs 2,725.44 crore).

Care Ratings Q2 FY24 (Consolidated, YoY)

Tata Consumer Q2 FY24 (Consolidated, YoY)

• Revenue is up 11% at Rs 3,734 crore vs. Rs 3,363 crore (Bloomberg estimate: Rs 3716.04 crore).

• Ebitda up 24% at Rs 537 crore vs. Rs 434 crore (Bloomberg estimate: Rs 523.68 crore).

• Margin at 14.4% vs. 12.9%, up 148 bps (Bloomberg estimate: 14.10%)

• Reported profit is down 6.6% to Rs 364 crore vs. Rs 389 crore (Bloomberg estimate: Rs 331.53 crore).

Kaynes Technology Q2 FY24 (Consolidated, QoQ)

• Revenue is up 32% at Rs 361 crore vs. Rs 273 crore.

• Ebitda up 13% at Rs 48.7 crore vs. Rs 43.1 crore.

• Margin at 13.5% vs. 15.8%, down 228 bps

• Reported profit was up 53.8% at Rs 32.3 crore vs. Rs 21 crore.

Reliance Power Q2 FY24 (Consolidated, YoY)

• Revenue is up 10% at Rs 2,052 crore vs. Rs 1,864 crore.

• Ebitda up 29.5% at Rs 735 crore vs. Rs 568 crore.

• Margin at 35.8% vs. 30.5%, up 535 bps

• Reported loss of Rs 238 crore vs. reported loss of Rs 340 crore

Gravita India Q2 FY24 (Consolidated, YoY)

• Revenue is up 22.5% at Rs 836 crore vs. Rs 683 crore.

• Ebitda up 23.7% at Rs 72.6 crore vs. Rs 58.7 crore.

• Margin at 8.7% vs. 8.6%, up 8 bps

• Reported profit was up 30.8% to Rs 58.8 crore vs. Rs 45 crore.

Dhampur Sugar Mills Q2 FY24 (Consolidated, YoY)

• Revenue is down 9.6% to Rs 459 crore vs. Rs 541 crore.

• Ebitda down 28.8% at Rs 22.1 crore vs. Rs 31 crore.

• Margin at 4.8% vs. 5.7%, down 91 bps

• Reported profit is down 53% to Rs 5.43 crore vs. Rs 11.54 crore.

Zee Media Corp. Q2 FY24 (Consolidated, YoY)

• Revenue is down 22.2% at Rs 152 crore vs. Rs 195 crore.

• Ebitda loss at Rs 20.2 crore vs. Ebitda of Rs 20.4 crore

• Reported loss of Rs 30.7 crore vs. reported loss of Rs 12.1 crore

Balu Forge Industries Q2 FY24 (Consolidated, YoY)

• Revenue was up 2.3 times to Rs 139.2 crore vs. Rs 60.6 crore.

• Ebitda up 720.4% at Rs 30.1 crore vs. Rs 3.7 crore.

• Margin at 21.6% vs. 6.1%, up 1,556 bps

• Reported profit is up 383% at Rs 23.3 crore vs. Rs 4.8 crore.

ADF Foods Q2 FY24 (Consolidated, YoY)

• Revenue is up 16.8% at Rs 125 crore vs. Rs 107 crore.

• Ebitda up 10.7% at Rs 26.9 crore vs. Rs 24.3 crore.

• Margin at 21.6% vs. 22.8%, down 117 bps

• Reported profit was up 9.8% at Rs 14.9 crore vs. Rs 13.6 crore.

Sun Pharmaceutical Industries, Tata Steel, Britannia Industries, Godrej Consumer Products, Ambuja Cements, REC, Hero Motorcorp, Adani Wilmar, Indraprastha Gas, Kansai Nerolac Paints, LIC Housinf Finance, Relaxo Footwears, KEC International, Gujarat Mineral Development Corporation, Cera Sanitaryware, Triveni Turbine, Safari Industries, Maharashtra Seamless, Responsive Industries, Gujarat Ambuja Exports, JK Tyre and Industries, Jubliant Ingrevia, India Cements, Thomas Cook (India), MAS Financial Industries, Greenpanel Industries, Rattanindia Power, Thangamayal Jewellery, Nilkamal, Unichem Laboratories, Savata Oil Technologies, Fino Payments Bank, Arman Financial Services, Jindal Drilling & Industries, Aptech, Arvind Smartspaces, Steelcast, Ajmera Realty & Infra India, TV Today Network, Orient Green Power.