Stories
Earnings Central: Solara Shines, LTM Gains in AI and Federal Bank Reports Solid Q2
- •LTM Limited reported a 47% year-on-year growth in Enterprise and Business AI revenue alongside an interim dividend of ₹25 per share.
- •Federal Bank delivered a solid quarter with core income up 26.4% and gross non-performing assets improving to 1.32%.
- •Solara Active Pharma posted its best quarter in five years, swinging to a net profit of ₹28.5 crore and more than doubling its EBITDA.
- •Crompton Greaves Consumer Electricals beat estimates with an 18% revenue increase and double-digit growth across all business segments.
- •DLF and Oberoi Realty experienced softer revenues while still posting strong net profit and operating margin figures respectively.
Key Questions Answered
For LTM Limited, revenue rose 2% sequentially to ₹11,807.6 crore and EBIT grew 2.2%, while net profit slipped 5% during the September quarter. Additionally, Enterprise AI and Business AI revenue combined grew 47% year on year, and the company declared an interim dividend of ₹25 per share.
Federal Bank reported a solid quarter with core income rising 26.4% year on year to ₹3,153.4 crore. Asset quality also improved as gross non-performing assets decreased to 1.32% from 1.52% in the previous quarter.
Solara Active Pharma Sciences reported its best quarter in five years, sending its shares jumping nearly 18% from their intraday low. Its net profit swung to ₹28.5 crore from a loss of ₹10 crore a year earlier, with EBITDA more than doubling and margins widening to 18.4%.
