Q2 Snippets of Key Mega-Cap Stocks: RIL; HUL ICICI Bank and others | Techno Glob

By Malvika Gurung

Investing.com — Dependent activities (NS-): India’s most valuable company by market capitalization missed profit estimates in Q2, reporting a sharply lower YoY net profit of Rs 13,656 crore, down 24% sequentially. However, revenue grew 33.7% YoY to Rs 2.32 lakh.

ICICI Bank (NS:): India’s second-largest private sector bank reported a 37% YoY rise in PAT at Rs 7,558 crore, NII rose 26% YoY to Rs 14,787 crore and NIM rose 4% to 4.31% this year. – In the past.

Hindustan Unilever (NS-): The FMCG behemoth’s net profit rose 22.2% to Rs 2,665 crore in Q2, beating Street estimates despite weakness in rural markets. Revenue rose 16.1% YoY to Rs 15,144 crore in the quarter.

Kotak Mahindra Bank (NS-): Lender’s net profit up 27% YoY in Q2 to Rs 2,580.7 crore; NII grew 26% YoY to Rs 5,099 crore and NIM increased to 5.17% from 4.45% YoY.

JSW Steel (NS-): The steelmaker’s consolidated net PAT rose 87% YoY to Rs 915 crore, led by a steep fall in steel prices. Its total income from operations rose 28% YoY to Rs 41,778 crore, while tidal spending jumped 78.7% YoY to Rs 43,354 crore in the September quarter.

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