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Coal India, Hindalco to be watched after Q2 results
(13 Nov 2019, 08:24)

Coal India's consolidated net profit rose 14.21% to Rs 3,522.70 crore on 6.27% fall in total income to Rs 22,012.94 crore in Q2 September 2019 over Q2 September 2018.

Hindalco Industries' net profit fell 74.8% to Rs 78 crore on 8.1% fall in net sales to Rs 9,965 crore in Q2 September 2019 over Q2 September 2018.

Pharma major Lupin (including its subsidiaries, together referred to as Lupin) announced that it has entered into a definitive agreement for the sale of its entire stake in its Japanese subsidiary Kyowa Pharmaceutical Industry Co., (Kyowa) to Unison Capital Partners IV, LPS and Unison Capital Partners IV (F). L.P. (collectively referred to as Unison), a leading private equity fund in Japan. The announcement was made after market hours on 11 November 2019. The domestic stock market remained shut on Tuesday, 12 November 2019, for Gurunanak Jayanti.

On consolidated basis, Adani Ports and Special Economic Zone (APSEZ) reported a 10.9% rise in profit before tax (PBT) to Rs 886.34 crore in Q2 September 2019 over Q2 September 2018. The profit after tax (PAT) jumped 72.44% to Rs 1059.20 crore in quarter ending September 2019 as against the corresponding quarter of the previous year. PAT was supported by one time tax gain of Rs 319 crore in Q2 2019 over Q2 2018. Revenue from operations rose 8.17% to Rs 2821.16 crore in Q2 2019 from Rs 2608.01 crore in Q2 2018.

Tata Power Company announced after trading hours on Monday, 11 November 2019, that its wholly owned subsidiary, Tata Power Renewable Energy (TPREL), has received a Letter of Award (LoA) from Gujarat Urja Vikas Nigam (GUVNL) on 7 November 2019 to develop a 50 megawatts (MW) solar project in Dholera Solar Park in Gujarat. This LoA is in addition to the 250 MW solar project being set up by the company at Dholera Solar Park.

Britannia Industries' consolidated net profit rose 32.90% to Rs 402.73 crore in Q2 September 2019 from Rs 303.03 crore in Q2 September 2018. The biscuit maker's total revenue from operations in Q2 September 2019 stood at Rs 3048.84 crore, up by 6.25% from Rs 2869.59 crore the company clocked in the year ago period. The result was announced after market hours on Monday, 11 November 2019.

General Insurance Corporation of India reported a consolidated net loss of Rs 707.41 crore in Q2 September 2019 as against a net profit of Rs 617.43 crore in Q2 September 2019. Consolidated total income rose 3.56% to Rs 13384.09 crore in Q2 FY20 from Rs 12924.29 crore in Q2 FY19.

Against the back drop of severe claims worldwide during the year 2019-20, higher agriculture claims and also flood claims in various parts of India, in quarter ended 30 September 2019 underwriting performance resulted in underwriting loss to the corporation.

Sundaram Finance said its net profit surged 74.32% to Rs 269 crore on 28.85% rise in total income to Rs 1057.96 crore in Q2 September 2019 over Q2 September 2018.

NHPC's consolidated net profit soared 33.33% to Rs 1,457.68 crore on 13.74% surge in net sales to Rs 3,068.42 crore in Q2 September 2019 over Q2 September 2018.

Phoenix Mills' consolidated net profit rose 6% to Rs 65.7 crore in Q2 September 2019 from Rs 62 crore in Q2 September 2018. The company reported 2.72% increase in consolidated total income from operations to Rs 434.52 crore on YoY basis.

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