
Bajaj Finserv Q2 profit up 23% to ₹2,758 crore
Revenue rises 17% to ₹43,416 crore; growth is well ahead of last year's 8%, but general insurance profit falls almost a fifth
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Revenue rises 17% to ₹43,416 crore; growth is well ahead of last year's 8%, but general insurance profit falls almost a fifth
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Monday's rally was the stock's biggest one-day gain since April 2020; brokerages point to volumes, short covering, results and the Jio listing
2 min readThe anti-drone and simulator maker posted its highest quarterly revenue, after saying in July that its sales would be weighted to later quarters.
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Revenue rose 47% to ₹4,054 crore on higher vehicle content and new models, though materials costs grew faster.
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Brokerages trimmed their targets on higher costs, though low coal stocks at power plants could lift dispatches in the coming months.
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The renewable energy firm also signed a 25-year deal to sell 400 MW of round-the-clock clean power to NTPC at ₹4.37 a unit.
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Hindustan Unilever's profit rose 4% and sales 15% in the July–September quarter, but Jefferies, Nomura and JM Financial cut their price targets.
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The Coal India subsidiary earned ₹123.7 crore in the September quarter against a loss a year ago, though first-half production fell and the stock is still down 11% in three months.
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Higher refining margins could not make up for losses on petrol, diesel and LPG, and the company's LPG under-recoveries have reached ₹17,334 crore.
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Brokerages expect revenue to grow 11% and profit 8%, but warn Infosys may cut its full-year growth forecast as clients hold back on spending.
2 min readYou're all caught up