Q2 results today: UltraTech Cement, Bajaj Housing Finance, Union Bank among companies to declare earnings on October 21; check list

By Upstox News Desk

2 min read | Updated on October 21, 2024, 09:14 IST

SUMMARY

Q2 results today: State-run Union Bank of India, recycling firm Gravita India, private lender Jana Small Finance Bank and logistics services provider Mahindra Logistics will also declare their latest September quarter results on Monday.

Q2 FY25 results on October 21, 2024.

Q2 results today: Cement major Ultratech Cement Ltd, home loan provider Bajaj Housing Finance Ltd, motor and generator manufacturing firm CG Power and Industrial Solutions, and other companies will release their financial results for the second quarter of the current fiscal year 2024-25 on Monday, October 21.

State-run Union Bank of India, recycling firm Gravita India, private lender Jana Small Finance Bank and logistics services provider Mahindra Logistics will also declare their latest September quarter results today.

Q2 results today (October 21): Check list

Union Bank of India Ltd
UltraTech Cement Ltd
360 One WAM Ltd
Authum Investment & Infrastructure Ltd
Bajaj Housing Finance Ltd
CG Power and Industrial Solutions Ltd
Consecutive Investment & Trading Company Ltd
City Union Bank Ltd
Cyient DLM Ltd
Gravita India Ltd
HFCL Ltd
Indbank Merchant Ltd
Jana Small Finance Bank Ltd
Mahindra Logistics Ltd
Maharashtra Scooters Ltd
Nelco Ltd

HDFC Bank Q2 profit surges

On Saturday, HDFC Bank reported a 5.2% increase in its Q2 FY25 standalone net profit to ₹16,820.97 crore, compared to ₹15,976.11 crore in the same quarter of the previous fiscal. On a consolidated basis, post-tax profit rose 6% to ₹17,825.91 crore.

Stocks to watch: PNC Infratech, JSW Steel, RBL Bank, HDFC Bank, UltraTech Cement, Bajaj Housing and more

The bank's core net interest income rose 10% to ₹30,010 crore due to a 7% surge in gross advances and the margins being stable at 3.46%.

"The bank, which had guided towards doubling in size in four years recently, is operating as per market dynamics right now," S Vaidyanathan, Chief Financial Officer of HDFC Bank, said.

The gross non-performing assets (NPA) ratio remained almost stable at 1.36%, and the CFO stated that, unlike peers, the private lender is not experiencing elevated stress on the unsecured advances front.

The bank's credit deposit ratio stood at 99.8, the first time it has fallen below 100% since the merger of mortgage major parent HDFC into itself in July 2023.

About The Author

Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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Q2 results today: UltraTech Cement, Bajaj Housing Finance, Union Bank among companies to declare earnings on October 21; check list

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