Hero MotoCorp Income Up, Britannia Industries Revenue Surges — Earnings Wrap

Triveni Turbine Q2 FY24 (Consolidated, YoY)

• Income is up 32.4% at Rs 388 crore vs. Rs 293 crore (Bloomberg estimate: Rs 470.7 crore).

• Ebitda up 33.6% at Rs 74 crore vs. Rs 56 crore (Bloomberg estimate: Rs 77 crore).

• Margin at 19.2% vs. 18.9% (Bloomberg estimate: 19.8%).

• Reported revenue is up 38.2% at Rs 64 crore vs. Rs 46.3 crore (Bloomberg estimate: Rs 62 crore).

Savita Oil Applied sciences Q2 FY24 (Consolidated, YoY)

• Income is up 2.7% at Rs 888.8 crore vs. Rs 865.4 crore.

• Ebitda down 38.6% at Rs 60.2 crore vs. Rs 97.9 crore.

• Margin at 6.8% vs. 11.3%

• Web revenue is down 32.7% at Rs 47 crore vs. Rs 70 crore.

Godrej Client Merchandise Q2 FY24 (Consolidated, YoY)

• Income is up 6.2% at Rs 3,602 crore vs. Rs 3,392 crore (Bloomberg estimate: Rs 3,617.5 crore).

• Ebitda up 29.9% at Rs 704 crore vs. Rs 542 crore (Bloomberg estimate: Rs 703.5 crore).

• Margin at 19.5% vs. 15.9% (Bloomberg estimate: 19.4%)

• Reported revenue is up 20.6% at Rs 433 crore vs. Rs 359 crore (Bloomberg estimate: Rs 472.5 crore).

Responsive Industries Q2 FY24 (Consolidated, YoY)

• Income is up 9.5% at Rs 268.3 crore vs. Rs 245.1 crore.

• Ebitda up 334.8% at Rs 61 crore vs. Rs 14.1 crore.

• Margin at 22.8% vs. 5.7%

• Web revenue of Rs 40.7 crore vs. lack of Rs 5.8 crore

Hero Motocorp Q2 FY24 (Standalone, YoY)

• Income is up 4% at Rs 9,445.4 crore vs. Rs 9,075.4 crore (Bloomberg estimate: Rs 9,343.3 crore).

• Ebitda up 27.9% at Rs 1,328.3 crore vs. Rs 1,038.3 crore (Bloomberg estimate: Rs 1,299.3 crore).

• Margin at 14.1% vs. 11.4% (Bloomberg estimate: 13.9%)

• Reported revenue was up 47.2% at Rs 1,053.8 crore vs. Rs 716.1 crore (Bloomberg estimate: Rs 955.3 crore).

JK Tyre and Industries Q2 FY24 (Consolidated, YoY)

• Income is up 3.8% at Rs 3,897.5 crore vs. Rs 3,756.5 crore (Bloomberg estimate: Rs 4,007.9 crore).

• Ebitda up 98% at Rs 589.1 crore vs. Rs 297.4 crore (Bloomberg estimate: Rs 543.2 crore).

• Margin at 15.11% vs. 7.91% (Bloomberg estimate: 13.6%).

• Web revenue is up 401.1% at Rs 248.6 crore vs. Rs 49.6 crore (Bloomberg estimate: Rs 203.4 crore).

Jindal Drilling and Industries Q2 FY24 (Consolidated, YoY)

• Income is up 3% at Rs 142 crore vs. Rs 138 crore.

• Ebitda up 11.84% at Rs 53.2 crore vs. Rs 47.5 crore.

• Margin at 37.4% vs. 34.5%

• Reported revenue is down 30% to Rs 22.1 crore vs. Rs 31.7 crore.

Syrma SGS Know-how Q2 FY24 (Consolidated, YoY)

• Income is up 52.4% at Rs 711.7 crore vs. Rs 466.9 crore.

• Ebitda up 4.3% at Rs 49 crore vs. Rs 46.9 crore.

• Margin at 6.9% vs. 10%

• Reported revenue was up 7.8% at Rs 30.5 crore vs. Rs 28.3 crore.

Arman Monetary Companies Q2 FY24 (Consolidated, YoY)

Steelcast Q2 FY24 (Consolidated, YoY)

• Income is down 16% to Rs 101.6 crore vs. Rs 121.2 crore.

• Ebitda up 1.6% at Rs 28.7 crore vs. Rs 28.3 crore.

• Margin at 28.3% vs. 23.3%

• Reported revenue was up 5.9% at Rs 18.6 crore vs. Rs 17.6 crore.

LIC Housing Finance Q2 FY24 (Standalone, YoY)

• Complete revenue is up 32.7% at Rs 6,759 crore vs. Rs 5,092 crore.

• Reported revenue is up at Rs 1,188 crore vs. Rs 305 crore (Bloomberg estimate: Rs 1,185.4 crore).

Gujarat Mineral Improvement Corp. Q2 FY24 (Consolidated, YoY)

• Income is down 29% to Rs 382.7 crore vs. Rs 538.9 crore.

• Ebitda down 69% at Rs 52.9 crore vs. Rs 171.1 crore.

• Margin at 13.8% vs. 31.7%

• Reported revenue is down 50.7% to Rs 74.6 crore vs. Rs 151.2 crore.

RattanIndia Energy Q2 FY24 (Consolidated, YoY)

• Income is up 24.8% at Rs 796.4 crore vs. Rs 638.1 crore.

• Ebitda down 10.2% at Rs 111.4 crore vs. Rs 124.1 crore.

• Margin at 14% vs. 19.4%

• Reported lack of Rs 632.7 crore vs. lack of Rs 517.6 crore

Tata Metal Q2 FY24 (Consolidated, YoY)

• Income is down 7.01% at Rs 55,682 crore vs. Rs 59,877.5 crore (Bloomberg estimate: Rs 55,982.1 crore).

• Ebitda down 29.6% at Rs 4,267.8 crore vs. Rs 6,060.3 crore (Bloomberg estimate: Rs 4,957 crore).

• Margin at 7.66% vs. 10.12% (Bloomberg estimate: 8.9%).

• Reported lack of Rs 6,511.2 crore vs. revenue of Rs 1,297.1 crore (Bloomberg estimate: Rs 440.7 crore)

Britannia Industries Q2 FY24 (Consolidated, YoY)

• Income is up 1.2% at Rs 4,432.9 crore vs. Rs 4,379.6 crore (Bloomberg estimate: Rs 4,555.4 crore).

• Ebitda up 22.6% at Rs 872.4 crore vs. Rs 711.7 crore (Bloomberg estimate: Rs 803.4 crore).

• Margin at 19.68% vs. 16.25% (Bloomberg estimate: 17.6%).

• Reported revenue is up 19.6% at Rs 586.5 crore vs. Rs 490.6 crore (Bloomberg estimate: Rs 547.9 crore).