Stocks in Focus that Released Q2 Results Yesterday
By Malvika Gurung
Investing.com -- Zomato Ltd (NS: ZOMT ): The food aggregator company reported a jump of 140.4% YoY in revenue from operations at Rs 1,024.2 crore for the quarter ending September, while its loss surged 90% for the same period to Rs 434.9 crore, due to higher spending on branding and marketing for customer acquisition and increased delivery costs due to prolonged monsoons and rising fuel prices.
Pidilite Industries (NS: PIDI ): The Fevicol-making company reported an increased consolidated profit of 5% YoY at Rs 374.6 crore for September quarter, while its revenue surged 40% YoY to Rs 2,626.3 crore, both beating Street’s estimates.
Oil India (NS: OILI ): The state-owned natural gas company reported over two times high net profit YoY for the September quarter, backed on the increasing oil and gas prices. The company’s turnover increased by 61.2% to Rs 3,678.76 crore.
MOIL (NS: MOIL ): The state-owned miner’s net profit surged 726% YoY to Rs 60.23 crore in Q2FY22 but sequentially recorded a loss of 2.5%. Its revenue rose 6.2% YoY to Rs Rs 311.7 crore YoY. The company’s board approved a share buyback for almost Rs 694 crore.
Berger Paints (NS: BRGR ): The paint company’s consolidated net profit came at Rs 219.21 crore, a decline of 1% YoY, due to hiked raw material costs and the impact of the Covid-19 pandemic. However, the revenue increased by 27.6% YoY to Rs 2,225.01 crore for the quarter.
Glenmark Life Sciences Ltd (NS: GLEM ): The pharmaceutical company reported a 54.8% shoot in its net profit on a YoY basis at Rs 115.2 crore for the September-ending quarter, while its revenue increased to Rs 561.76 crore, up 7.8% YoY.
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