Q2 Results

Natco Pharma Q2 Net Jumps 83% To Rs676 Cr

New Delhi: Natco Pharma on Tuesday said its consolidated net profit jumped 83 per cent on-year to Rs 676 crore in the September 2024 quarter, aided by robust sales. The drug maker reported a net profit of Rs 369 crore in the July-September period of last fiscal. Revenue from operations rose to Rs 1,371 crore as compared with Rs 1,031 crore in the year-ago period, the company said in a regulatory filing.

“The company has shown continued strong growth during the second quarter driven by exports formulation business and stable domestic pharmaceutical business,” it stated. The company said its board has declared a second interim dividend of Rs 1.5 per equity share of Rs 2 each for financial year 2024-25. Shares of the drug firm ended 0.19 per cent down at Rs 1,393.15 apiece on the BSE.

NMDC Steel Loss Widens To Rs595 Cr

New Delhi: NMDC Steel on Tuesday said its loss had widened to Rs 595.37 crore in September quarter, on account of a surge in expenses. It had posted a loss of Rs 131.10 crore in the year-ago period, the company said in an exchange filing. The company’s total income increased to Rs 1,535.46 crore from Rs 290.27 crore a year earlier.

However, NMDC Steel’s expenses rose to Rs 2,364.39 crore in the second quarter of the ongoing fiscal year from Rs 464.93 crore a year ago. NMDC Steel Ltd, an entity demerged and formed from mining firm NMDC, owns and operates the 3 million-tonne Nagar Steel Plant at Nagarnar in Chhattisgarh. Nagarnar plant is referred to as India’s youngest steel unit set up with an investment of about Rs 23,000 crore.

Bosch Q2 Net Profit Falls 46 To Rs536 Cr

New Delhi: Auto components firm Bosch on Tuesday said its consolidated net profit declined 46 per cent on-year to Rs536 crore in the September 2024 quarter. The company reported a net profit of Rs1,000 crore in the July-September quarter of last fiscal. Revenue from operations increased to Rs4,394 crore in the second quarter as compared with Rs4,130 crore in the year-ago period, Bosch Ltd said in a regulatory filing.

“Despite unpredictable rainfall and several macroeconomic factors affecting the automotive industry’s overall performance this quarter, we showcased our capacity to adapt to changing market demands and provide high-quality solutions that align with our customers’ needs,” Bosch Ltd MD Guruprasad Mudlapur said.