Q2 Results

Bharat Forge Q2 net profit rises 13% to Rs 243 cr

New Delhi: Auto component firm Bharat Forge on Thursday said its consolidated net profit increased 13 per cent year-on-year to Rs 243 crore for the second quarter ended September 30, 2024. The company had reported a net profit of Rs 215 crore in the July-September quarter of last fiscal. Revenue from operations rose to Rs 3,688 crore as against Rs 3,774 crore in the year-ago period, Bharat Forge said in a regulatory filing. Shares of the company were trading 1.03 per cent up at Rs 1,335.10 apiece on BSE.

Crompton Greaves Q2 net profit rises 27 % to Rs 128 cr

New Delhi: Crompton Greaves Consumer Electricals Ltd on Thursday reported an increase of 26.9 per cent in its consolidated net profit to Rs 128.07 crore in the second quarter ended in September 2024. The company had posted a net profit of Rs 100.87 crore in the July-September quarter a year ago, according to a regulatory filing from Crompton Greaves Consumer Electricals Ltd (CGCEL).

However, its revenue from operations rose by 6.4 per cent to Rs 1,896.01 crore in the quarter under review, from Rs 1,782.27 crore in the same period last year. CGCEL’s total expenses rose to Rs 1,742.79 crore in the September quarter of FY25, registering an increase of 4.9 per cent. The total consolidated income of CGCEL stood at Rs 1,913.53 crore in the September quarter, up 6.47 per cent. In the September quarter, CGCEL’s revenue from the electric consumer durables segment was up 12.5 per cent to Rs 1,392.7 crore. Similarly, revenue from its lighting products business was up 6 per cent to Rs 253.13 crore. However, revenue from its subsidiary Butterfly, which it had acquired earlier in February 2022, was down 18.13 per cent to Rs 250.18 crore.

Uflex Q2 loss at Rs 64.58 cr

New Delhi: Packaging materials and solutions company Uflex Ltd has reported a consolidated net loss of Rs 64.58 crore for the second quarter ended September 30, 2024.

The company had posted a net profit of Rs 63.31 crore during the July-September quarter a year ago, Uflex said in a late-night regulatory filing on Wednesday. However, its revenue from operations was up 14.66 per cent to Rs 3,781.03 crore in the September quarter. It was at Rs 3,297.45 crore in the corresponding period of the previous fiscal. Uflex’s total expenses increased 15.60 per cent in the September quarter of this financial year to Rs 3,791.57 crore. The total income of Uflex was up 13.68 per cent to Rs 3,853.21 crore. Its revenue from ‘Flexible Packaging Activities’ was up 13.71 per cent to Rs 3,752.57 crore in the September quarter of this financial year.

Schneider Electric net rises to Rs 54 cr

New Delhi: Schneider Electric Infrastructure Ltd (SEIL) on Thursday reported a nearly 27 per cent rise in net profit to Rs 54.27 crore in the September 2024 quarter aided by higher income. It posted a net profit of Rs 42.86 crore in the July-September period a year ago, the company said in a statement. Total income rose to Rs 608.64 crore from Rs 497.64 crore in the second quarter in preceding 2023-24 fiscal. The company’s board also approved the appointment of Chinmoy Das as Additional Director and Whole-Time Director (WTD) for three years. The appointment is effective November 14, 2024.