Articles written by Arpit Nayak - Benzinga

Sula Vineyards Q2 Net Profit Drops 37% To ₹14.48 Cr

|Sula has previously said that topline growth in the second quarter was subdued primarily due to a broader slowdown in discretionary spending at the macroeconomic level as well as challenges in key markets.

Ola Electric Shares Sink 3% To New Low After Q2 Print: What Are Analysts Saying?

|The EV company has been under the pump due to mounting consumer complaints which resulted in the Central Consumer Protection Authority (CCPA) sending a show-cause notice to the company for violating consumer rights, running misleading ads and unfair trade practices.

SBI Q2 Net Profit Climbs 27.9% To ₹18,331.44 Cr, Beats Estimates

|Public sector banks have outpaced private lenders in terms of profit growth so far this earnings season as provisions see a sharp drop and public lenders improve operations.

Kotak Sees More Margin Trouble Ahead After Cochin Shipyard's Q2 Results, Maintains 'Sell' Rating

|Despite the lower margins, Cochin Shipyard remains on track to achieve its annual revenue growth target of 20%-25%, the brokerage said.

Why GE Shipping Share Price Is Down Over 6%, Making It Today's Biggest Loser

|Earnings from crude tankers saw seasonal weakness in Q2, as overall seaborne crude trade fell by 3%, influenced by soft refinery margins, the company said.

RVNL Shares Plummet 6% As Q2 Profit Shrinks, Misses Estimates

|Analysts anticipated a decline in revenue and profit for the company due to lower project executions and slower growth in the company's core segments.

Tata's Indian Hotels Company Posts 232% Jump In Net Profit To ₹554.58 Cr As One-Off Gain Helps Beat Estimates

|The company's numbers during the quarter were likely boosted by a strong wedding season and pent-up demand due to elections and a heatwave during the first quarter, pushing several events into the second quarter.

Hindalco Slumps As Analysts See 15% Downside After Major U.S. Subsidiary's Poor Q2 Results, Outlook

|Emkay Global downgraded Hindalco from "reduce" to "sell" after Novelis revised its medium-term outlook.

Tata Steel Shares Upbeat As Surprise Q2 Earnings Beat Draws Optimism From Analysts

|The company's revenue from operations came down 3.2% year on year to ₹53,904 crore, compared with the ₹55,682 crore posted in the corresponding quarter of the previous year. Indian steelmakers have been under pressure as pricing stays muted as China floods the market with cheap exports, though steel deliveries in India improved marginally during the quarter.

GAIL India Shoots Up 6% As Brokerages Stay Bullish Despite Q2 Miss

|Morgan Stanley and Jefferies both issued favourable calls on the stock, highlighting GAIL's growth potential and re-rating prospects.

Bharat Forge, Tata Group Firm Set To Produce Guns That Will Replace Old Bofors Arms: Report

|Created by DRDO to eventually replace the older Bofors guns, these 155 mm artillery systems have already been exported to Armenia. Tests included rigorous firing drills at heights above 13,000 feet and assessments of performance in extreme cold.

Why Tata Power Shares Are In The Green Even Though Q2-Print Missed Estimates

|The power major said that its order book in its solar engineering, procurement and construction (EPC) business went up to ₹15,900 crore during the quarter, up from ₹15,500 crore in the preceding quarter.

Tata Power Q2 Net Profit Jumps 7.5% To ₹1,093 Cr, Misses Estimates

|The electricity generation firm posted a net profit of ₹1,093 crore in the quarter ended September, compared with the ₹1,017.41 crore it earned in the same quarter a year ago. The figure fell short of analyst estimates of ₹1,149 crore.

Apple Wants To See If It Can Build iPhone 17 From Scratch In India: Report

|This story was first published on the Benzinga India portal.

Apple Wants To See If It Can Build iPhone 17 From Scratch In India: Report

|While the base iPhone 17 model, reportedly codenamed V57, is progressing in India, Apple will reportedly continue to develop the more advanced iPhone 17 Pro models and the ultra-thin iPhone 17 Air in China, where its established manufacturing expertise remains concentrated.

Cipla's Q2 Net Profit Climbs 15.2% To ₹1,302.53 Cr, Beats Estimates

|The drugmaker, which makes a major chunk of its money in the North American market, had few major drug launches in the US during the quarter while also dealing with regulatory hurdles.

Bharti Airtel Q2 Net Profit More Than Doubles To ₹3593.2 Cr On Tariff Hikes, Misses Street Estimates

|Airtel and its main competitors — Jio and Vodafone — hiked tariffs during the quarter as they look to shore up their margins in a traditionally price-sensitive market and move towards monetising 5G services.

Why Tata Trusts Wants To Scrap CFO, COO Roles

|The cost-cutting initiative reportedly began before the appointment of new chairman Noel Tata, following an internal audit and financial review by trustees.

ICICI Bank Q2 Net Profit Climbs 14.5% To ₹11,745.88 Cr, Beats Estimates But NIMs Weaker Than Expected

|The bank's net profit climbed to ₹11,745.88 crore in the quarter ended September, compared with the ₹10,261 crore it earned a year ago.

IndiGo Swings To Q2 Net Loss Of ₹986.7 Cr, Misses Estimates By Huge Margin

|The carrier's numbers were under pressure from higher fuel and employee costs as well as issues with Pratt & Whitney engines that have grounded part of its fleet and raised costs.