Q2 Results

JK Lakshmi Cement reports loss of Rs 19.24 cr

New Delhi: JK Lakshmi Cement has reported a consolidated net loss of Rs19.24 crore for the second quarter ended September 30, 2024 on account of drop in sales realisation. The company had posted a profit of Rs95.87 crore in the July-September period a year ago, according to a regulatory filing from JK Lakshmi Cement Ltd (JKCL), a flagship company of JK Organisation. Its revenue from operations was down 2.16 per cent at Rs 1,234.29 crore in the September quarter. It was at Rs 1,574.53 crore in the year-ago period. Total expenses of JKCL were at Rs1,263.01 crore, down 1.27 per cent in the September quarter of FY25. JKCL’s total income, which includes other income, was also down 2.17 per cent to Rs 1,242.67 crore. During the quarter, JKCL’s sales volume declined 1.40 per cent to 18.66 lakh tonnes.

TAC Sec posts Rs 6.5 cr profit in H1

Chandigarh: Cybersecurity company TAC Security on Thursday posted Rs 6.52 crore profit for the first six months of the current fiscal year. The company had posted a profit of Rs 1.92 crore in the year-ago period. The company’s operating income increased to Rs 13.16 crore during the April-September period, compared with Rs 5.01 crore a year earlier. For the second quarter ended September 30, the company posted a net profit of Rs 4.2 crore, and an operating income of Rs 8.02 crore. TAC Security Founder-Chairman and CEO Trishneet Arora said, “We have registered over 3-fold growth in net profit at INR 65.28 million (Rs 6.52 crore) and over 2-fold growth in operating income at Rs131.58 million (Rs 13.15 crore) in H1FY25 as we continue to grow and strengthen our footprint globally adding clients across geographies.”

Brookfield India REIT to raise up to Rs 3,500 cr

New Delhi: Brookfield India Real Estate Trust on Thursday announced plans to raise up to Rs 3,500 crore through issue of units to institutional investors to reduce debt as well as to fund future growth, and reported a 40 per cent increase in its net operating income to Rs485.8 crore for the second quarter of this fiscal.

The company also announced distribution of Rs 220.8 crore for the second quarter of this fiscal to unitholders. The board of directors of Brookprop Management Services Pvt Ltd, the manager of Brookfield India Real Estate Trust, approved the issuance of units of Brookfield India REIT through an institutional placement of units not exceeding Rs 3500 crore in one or more placement, according to a regulatory filing on Thursday.

Emami Q2 net climbs 19 pc to Rs 213 crore

Kolkata: FMCG major Emami Ltd on Thursday reported a 19 per cent year-on-year increase in its net profit for the second quarter ended September 2024 reaching Rs213 crore, driven by improved margins and steady growth in both domestic and international markets. Revenue from operations during the quarter rose by 3 per cent to Rs891 crore, with the domestic segment advancing by 2.6 per cent and international business growing 6 per cent, excluding a 12 per cent rise outside of Bangladesh, the company said in a statement. Gross margins for the quarter improved by 60 basis points to 70.7 per cent, reflecting strategic cost management. Earnings before interest, depreciation, tax, and amortisation (EBITDA) reached Rs250 crore, up 7 per cent year-on-year, while EBITDA margins rose by 110 basis points to 28.1 per cent.