Q2 Snippets in View: 1 Tata, 1 Adani Stock, State-Owned Lender & More

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Q2 Snippets in View: 1 Tata, 1 Adani Stock, State-Owned Lender & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- PVR (NS: PVRL ): The movie theatre chain has reported weak Q2 earnings, posting a higher-than-expected loss of Rs 71.23 crore, down 53% YoY, as flop show for Bollywood movies and limited Hollywood releases hit the average gross collection and ticket prices.

Tata Coffee (NS: TACO ): Its consolidated net profit skyrocketed 317.6% YoY to Rs 142.4 crore in Q2 and sales gained 30.7% YoY to Rs 718 crore, led by improved price realisations and better performance of plantation and instant coffee businesses, among others.

ACC (NS: ACC ): The Adani (NS: APSE ) Group-led cement maker witnessed a consolidated net loss of Rs 87.3 crore compared to a profit of Rs 450.2 crore in the year-ago period, led by a steep jump in fuel and power costs. Total expenses surged 30% YoY to Rs 4,162 crore.

HeidelbergCement (ETR: HEIG ) India: Its net profit plunged 88.23% YoY to Rs 7.01 crore in Q2 due to lower sales volume, while total revenue from operation also declined 12.2% YoY to Rs 506.05 crore.

Spandana Sphoorty Financial (NS: SPAD ): The NBFC reported a net profit of Rs 55.2 crore in Q2 compared to a loss of Rs 60 crore despite a fall in total income.

Bank of Maharashtra (NS: BMBK ): The state-owned lender’s net profit rallied 102.3% YoY to Rs 535 crore in Q2 led by a fall in bad loans and a rise in net interest income.

Indowind Energy (NS: INWI ): The windmill company’s net profit soared 656.9% YoY to Rs 3.86 crore in Q2, led by a 64.6% surge in net sales to Rs 14.6 crore during the quarter.

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