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JSW Infra Q2 Results

Wipro management said it expects revenue from its IT Services business to be in the range of $2,591 million to $2,644 million for the next quarter, implying sequential growth of (-0.5%) to (+1.5%) in constant currency terms.

The company clarified that this outlook excludes any potential contribution from its recently announced acquisition of Harman Digital Transformation Solutions.

Wipro Q2 Results

Following its Q2 earnings announcement, shares of Zee Entertainment Enterprises Ltd fell nearly 1.5% to an intraday low of ₹108.02 on the NSE after a weak quarterly performance.

Zee Entertainment Q2 Results

Eternal Q2 Results

Ahead of its Q2 earnings announcement, shares of Wipro Ltd were trading over 1.5% higher at ₹254 on the NSE as of 2:43 PM, near day’s high of ₹254.07. Investors are closely tracking the company’s deal pipeline, progress in Europe, and GenAI adoption amid a sluggish recovery in discretionary spending.

Shares of Kajaria Ceramics Ltd slipped to an intraday low of ₹1,225 following the company’s Q2 results announcement, before recovering to ₹1,254, up 1.34% as of 2:36 PM. The stock hit an intraday high of ₹1,264.

Net Profit up 58% At Rs 133 Cr Vs Rs 84 Cr (YoY)

Revenue up 2% At Rs 1,186 Cr Vs Rs 1,162 Cr (YoY)

EBITDA up 31.3% At Rs 214 Cr Vs Rs 163 Cr (YoY)

Margin At 18% Vs 14% (YoY)

Shares of South Indian Bank Ltd. fell as much as 6% from the highs of the day, in response to the lender’s results for the July-September period.

Net profit for the period increased by 8.2% from last year to ₹351 crore. The bottomline figure was aided by a 26% increase in the lender’s other income to ₹516 crore.

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Public sector lender Indian Bank on Thursday, October 16 reported an 11.5% year-on-year rise in net profit for the second quarter of the current financial year, coming in at ₹3,018 crore, compared to ₹2,706 crore in the same period last year.

The bank’s net interest income (NII), the difference between interest earned and interest expended, rose 6% year-on-year to ₹6,551 crore, as against ₹6,195 crore in the corresponding quarter of the previous year.

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Net Profit Up 50% At Rs 28 Cr Vs Rs 19 Cr (YoY)

Revenue up 20% At Rs 473 Cr Vs Rs 394 Cr (YoY)

EBITDA up 59% At Rs 35 Cr Vs Rs 22 Cr (YoY)

Margin At 7.4% Vs 5.6% (YoY)

Net Profit up 8.2% At Rs 351 Cr  Vs Rs 325 Cr (YoY)

NII down 8.3% At Rs 809 Cr Vs Rs 882.3 Cr (YoY)

Gross NPA At 2.93% Vs 3.15% (QoQ)

Net NPA 0.56% Vs 0.68% (QoQ)

Net profit (GU)11% at ₹50 crore vs ₹45 crore (YoY)

Revenue (GU)9% at ₹ 504 crore vs ₹464 crore (YoY)

EBITDA (GU)8% at ₹68 crore vs ₹63 crore (YoY)

Margin at 13.5% vs 13.6% (YoY)

Net profit (GU)6% at ₹97.4 crore vs ₹92 crore (QoQ)

Revenue (GU)3% at ₹940 crore vs ₹915 crore (QoQ)

EBITDA (GU)7% at ₹146 crore vs ₹137 crore (QoQ)

Margin at 15.6% vs 14.9% (QoQ)

Net Profit (GU)11.5% at ₹3,018 crore vs ₹2,706 crore (YoY)

NII (GU)6% at ₹6,551 crore vs ₹6,195 crore (YoY)

Gross NPA at 2.60% vs 3.01% (QoQ)

Net NPA at 0.16% vs 0.18% (QoQ)

Provisions at ₹739 crore vs ₹691 crore QoQ and vs ₹1,100 crore YoY

Good surprise on topline growth

12-month EPS is seen moving higher

All segments see double-digit volume-led growth

Previously flagged this as a tough year

Content is performing well with a strong release pipeline

YouTube is growing, though gradually

20% growth looks achievable

Meta and Spotify are performing well, and several songs are doing nicely too

GST cut will boost ad spends on consumer products, benefitting our business

Margin of 70%+ are sustainable

Film releases are beyond our control, planning fortnightly non-film music releases

Industry size is ₹3,000–4,000 crore, with potential to reach ₹10,000 crore

Expect to return to 30%+ growth

Nestle India Ltd. reported volume growth in high-single digits during the September quarter, well above the CNBC-TV18 poll expectation of growth between 1% to 2%.

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Net Profit up 13.2% At Rs 93.4 Cr Vs Rs 82.5 Cr (YoY)

Revenue up 10% At Rs 614.4 Cr Vs Rs 559 Cr (YoY)

EBITDA up 14.2% At Rs 138 Cr Vs Rs 120.8 Cr (YoY)

Margin At 22.5% Vs 21.6% (YoY)

The Net Interest Income (NII) or core income earned by the bank increased by 21% from the same quarter last year to ₹3,059 crore. NII in the base quarter stood at ₹2,537 crore.

Net profit for the period stood at ₹1,226 crore, which is a growth of 58% from the year-ago quarter’s profit of ₹77 crore.

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Rahul Joshi, MD, Network18 To CNBC-TV18:

First 2 Quarters Of This Years Have Been Challenging

Overall Demand Has Been Weak For Some Time Due To Various Factors

Both Ad Inventory And Advertiser Counts Have Been Low

There Was Some Improvement In Ads On A QoQ Basis

Our Leadership Positions Across Markets Helped Us Perform Better Than Genre

In Markets Where We Have Gained Share, Have Been Able To Push The Pricing Up

Digital Is Increasingly Becoming More Important For Brands

Influencer/Creator Ecosystem Is A Big Part Of Digital

Creator Economy Set To Cross `40,000 Cr Over The Next 5 Years In India

Creator18 Is Our Foot In The Door In This Fast-growing Pie

Most Of The Brands Today Want Influencer Marketing As Part Of Their Marketing Mix

Already Working With >1,000 Influencers With A Cumulative Social Reach Of 25 Cr

Seeing Some Green Shoots, Too Early To Celebrate Though

Normally Q3, Q4 Are The Big Quarters For Us

Hopeful Of Delivering Growth Over Last Year Numbers

Clients Are Generally Looking To Extract Better Value For Their Spends

Our Focus Is On Providing Brand Solutions Across TV, Digital, Ground Events, Even Social Media

Advertisers Are Increasingly Allocating Higher Proportion Of Spends On Digital

TV Will Continue To Form A Meaningful Part Of Advertising Mix

Firstpost Is One Of The Fastest Growing News Brands Globally

Firstpost Established Itself As Voice Of Affluent, Premium Audience In India On Global Affairs

For Firstpost Global, The Idea Now Is To Scale It Into A Truly Global Brand

FP’s YouTube Viewership Is Already Much Higher Than Some Of The Most Well-known Brands

We Already Have Content From American And African Markets For Firstpost

Firstpost Is Looking At Adding New Geographies Like UK, Middle East, Singapore

FP Will Also Venture Into News Adjacent Categories Like Culture, Lifestyle, Food

HDFC Is A Marquee Partnership For Us

HDFC Bank Partnership Will Give A Strong Boost To Our Fintech Business

Looking To Be A Significant Player In Digital Lending Partnership Space Over Next Few Years

Unlike Most Of Our Peers, We Don’t Spend A Lot Of Money On Acquiring Customers

News As A Category Is Going To Stay Relevant As It Is A Basic Necessity For Consumers

Sector Will Be Hyper Competitive But Brands That Consumers Trust Will Always Attract Audience

We Have To Innovate To Make It Easier For Consumers To Access Our Content

Digital Will Continue To Gain In Terms Of Audience Mind Share

New Categories Like Q-com & e-Comm Will Compete For Ad Dollars

We Are Diversifying Into Subscription-based Products Like MC Pro & Super Pro

We Are Building Fintech Vertical, Building A Position In The Content Creator Ecosystem

Will Also Have To Adapt To The Technological Changes That Are Taking Place

We Will Have To Be Agile To Compete Effectively In This Evolving Landscape

Regional Has Been A Focus Area For Us & Maharsashtra Is One Of The Biggest Regional Mkts

News18 Lokmat Is A Well-entrenched Brand In The Market

News18 Lokmat Saw A Strong Growth In Rev, 60%+ Over 2 Yrs & Can Grow Further

Net Profit up 58% At Rs 1,226 Cr Vs Rs 777 Cr (YoY)

NII up 21% At Rs 3,059 Cr Vs Rs 2,538 Cr (YoY)

Gross NPA At 1.83% Vs 1.97% (QoQ)

Net NPA At 0.28% Vs 0.32% (QoQ)

Sources Say Domestic Volume Growth In High Single-digits Vs CNBC-TV18 Poll Of 1-2%

Domestic Sales Grew At A Double-digit Rate, Led By Volume Growth

2 Out Of 4 Product Groups Delivered Strong Volume Led Double-digit Growth

Confectionery Product Group Grew At A Strong Double-digit Rate

KitKat Was The Largest Growth Driver And Continued To Gain Market Share

Munch & Milkybar Also Grew At High Double-digit Rates

Nescafe Continued To Lead The Coffee Category, Gaining Market Share

Milk Prices Are Expected To Soften After The Festive Season

Coffee Prices Are Anticipated To Stabilise & May Decrease

Nestle India shares witnessed a sharp surge post earnings.

The stock is currently up 3.7%.

Net Profit At Rs 753 Cr Vs CNBC-TV18 Poll Of Rs 710 Cr

Revenue At Rs 5,644 Cr Vs CNBC-TV18 Poll Of Rs 5,285 Cr

EBITDA At Rs 1,237 Cr Vs CNBC-TV18 Poll Of Rs 1,170 Cr

Margin At 21.9% Vs CNBC-TV18 Poll Of 22.1%

Net Profit down 23.7% At Rs 753 Cr Vs Rs 986.3 Cr (YoY)

Revenue up 10.6% At Rs 5,644 Cr Vs Rs 5,104 Cr (YoY)

EBITDA up 6% At Rs 1,237 Cr Vs Rs 1,167.7 Cr (YoY)

Margin At 21.9% Vs 22.9% (YoY)

Jefferies on HDB Fin

Buy rating, target price at Rs 900

Q2 PAT was Rs5.8bn (-2% YoY), 2% miss vs. our est. as miss in lending PAT (5% miss) due higher provn was offset by higher BPO PBT.

AUM growth moderated to 13% YoY, but NIM surprised positively (20bps QoQ).

AQ slipped QoQ mostly due to higher stress in CV portfolio.

Initial trends in consumer, autos in Oct has been positive per mgmt.

Growth & AQ trends should improve in 2H led by GST cut & normalization in activity levelsNewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.