Stocks in Focus Which Released Q2 Earnings Yesterday

By Malvika Gurung

Investing.com -- Bajaj Auto Ltd (NS: BAJA ): The two-wheeler automaker exceeded Street estimates in its earnings report for the September quarter. It reported a 22% jump in revenue from operations at Rs 8,762 crore, on a YoY basis, while its net profit grew by 12% YoY to Rs 1,275 crore.

IndusInd Bank (NS: INBK ): The commercial bank reported net profit growth of 72.1% YoY at Rs 1,114 crore in the September quarter, as its NPAs and bad loans provisions declined. Its revenue showed an incremental growth of 22.4% to Rs 8,762.2 crore on a YoY basis.

Titan (NS: TITN ) Co: The luxury fashion company reported strong earnings for the September quarter. Its consolidated net profit increased almost four times to Rs 641 crore on a QoQ basis, while the consolidated sales surged 75.5% to Rs 7,243 crore on a YoY basis.

Punjab National Bank (NS: PNBK ): The state-owned bank reported a 78% rise in its net profit to Rs 1,105 crore on a QoQ basis, despite a fall of 8.6% in the total income for the quarter ending September. The country’s second-largest lender’s profit also declined by 2.9% to Rs Rs 4,021.12 crore QoQ.

ITC (NS: ITC ): The Indian conglomerate reported a lower-than-expected net profit for the quarter ended September, at Rs 3,697.2 crore, even though it increased by 14% on a QoQ basis and 23% sequentially. The company’s revenues increased to Rs 13,553 crore, up 12% quarterly and 5% sequentially.

L&T (NS: LART ): The Indian MNC reported a 56% rise in consolidated adjusted profit at Rs 1,723 crore for the September quarter on a YoY basis, while its profit of Rs 1,819.45 crore for the given quarter declined by 67% YoY. Its consolidated revenue rose by 12% YoY to Rs 34,773 crore.