Stories
Earnings Roundup: BHEL Surges, Canara Bank Gains and CEAT Eyes Recovery
- •BHEL shares jumped over 4.5% after reporting a revenue growth of 23.8% and more than doubling its net profit to ₹810 crore.
- •Canara Bank posted a steady performance with a 9% year-on-year rise in net profit to ₹5,175 crore and improving asset quality.
- •CEAT saw its net profit fall nearly 40% to ₹112 crore due to elevated raw material costs despite a 26.2% surge in revenue.
- •Groww parent Billionbrains Garage Ventures reported a net profit of ₹725.7 crore alongside the addition of 11 lakh new transacting users.
- •HDB Financial Services reported a 34.3% jump in net profit, while ICICI Lombard faced profitability pressures despite a 17.7% growth in premium income.
Key Questions Answered
BHEL reported a 23.8% increase in revenue to ₹9,300 crore and more than doubled its net profit to ₹810 crore, exceeding poll estimates. This robust performance, alongside an order book of ₹2.57 lakh crore and its highest September quarter EBIT margin in 13 years, caused the stock to jump over 4.5%.
CEAT posted a 26.2% surge in revenue to ₹4,762 crore, but its net profit fell nearly 40% to ₹112 crore. This drop was caused by elevated raw material costs influenced by the West Asia conflict, which sharply compressed its EBITDA margin to 9.6%.
Canara Bank delivered steady results with a 9% year-on-year rise in net profit to ₹5,175 crore. Its net interest income surpassed ₹11,000 crore for the first time by climbing 20.4% to ₹11,004 crore, accompanied by improving asset quality and a 4% stock gain.
