Q2 Results

Delhivery’s profit tanks over 80% in H1

Mumbai: Integrated supply chain services provider Delhivery saw its net profit nosedive more than 80 per cent (quarter-on-quarter) in the July-September period (Q2) of the current financial year. The third-party logistics service company posted net profit of Rs 10.2 crore in Q2 FY25, against Rs 54.4 crore in the June quarter (Q1 FY25). During this period, the company’s income remained almost flat. Delhivery’s revenue in the second quarter of financial year 2024-25 was Rs 2,189.7 crore, compared to Rs 2,172.3 crore in the June quarter. Compared to the June quarter of the current financial year, the company’s EBITDA fell by 41 per cent to Rs 57.3 crore in September quarter of this fiscal, which was earlier Rs 97.1 crore.

Sterling Tools profit up 40% in Q2

Mumbai: Electric vehicle component manufacturer Sterling Tools Ltd has reported a 40 per cent jump in profit after tax at Rs 17.5 crore in the July-September quarter of the current financial year. The company had registered a profit after tax of Rs 12.5 crore in the corresponding quarter a year ago, Sterling Tools said in a statement. The automotive fastener manufacturer reported a 35.2 per cent increase in total income to Rs 285.9 crore during the reporting quarter as against Rs 211.5 crore in the July-September period of last fiscal. EBITDA (earnings before interest, taxes, depreciation and amortisation) increased 28.2 per cent to Rs 34.1 crore from Rs 26.6 crore a year ago, it said.

Sobha Ltd’s Q2 net up to `26.08 cr

New Delhi: Realty firm Sobha Ltd has posted a 75 per cent increase in consolidated net profit of Rs 26.08 crore for the September quarter. Its net profit stood at Rs 14.94 crore in the year-ago period. Total income rose to Rs 965.29 crore in the second quarter of the ongoing fiscal year from Rs 773.6 crore in the year-ago period, the company said in a regulatory filing on Thursday. Sobha Ltd Managing Director Jagadish Nangineni said, “Our Q2, FY25 performance reflects continued strength in our operations, fuelled by our teams efforts across functions and sustained demand in residential real estate.

Jaypee Infra posts `88.2 cr profit

New Delhi: Jaypee Infratech Ltd has reported a consolidated net profit of Rs 88.20 crore for the September quarter. The company had posted a net loss of Rs 588.31 crore in the year-ago period. Total income declined to Rs 222.86 crore in the second quarter of the 2024-25 fiscal year from Rs 357.92 crore in the corresponding period of the previous year, according to a regulatory filing on Thursday. In June this year, the Mumbai-based Suraksha Group took control of the Jaypee Infratech Ltd (JIL) by constituting a three-member board. Sudhir V Valia, promoter of Suraksha Group, was appointed as a non-executive director on the JIL board. The takeover followed the insolvency appellate tribunal NCLAT decision on May 24, 2024, upholding Suraksha Group’s bid to acquire JIL.

Nazara Tech Q2 profit dips to `16 cr

New Delhi: Homegrown gaming and sports media company Nazara Technologies reported 33 per cent drop in its net profit for the July-September period (Q2 FY25). The company reported a consolidated net profit of Rs 16.24 crore in Q2 FY25, from Rs 24.18 crore in the same quarter last year. On a sequential basis, its profit declined 31 per cent from Rs 23.62 crore, as per Nazara’s financials. The company’s operating revenue grew 7 per cent to Rs 318.94 crore against Rs 297.24 crore in the same quarter last year.