Trent Ltd's shares climbed by an impressive 2.20%, reaching Rs 2481.55 per share today, fueled by robust Q2 results.
In Q2 of FY24, Trent Limited witnessed a staggering 55.9% increase in consolidated net profit, reaching Rs 289.6 crore compared to Rs 186 crore in the previous year's same quarter.
The company's total revenue during this period surged by nearly 59%, hitting Rs 2,891 crore.
Trent Limited's EBIDTA skyrocketed by 73% to Rs 461 crore, with an impressive EBIDTA margin of 15.9%, up from 14.7% in the year-ago period.
Despite no market-sensitive announcements, Berger Paints' shares gained 1.09% today.
Berger Paints reported a remarkable 33% jump in consolidated net profit, totaling Rs 292 crore for the second quarter of fiscal year 2023-24.
During this period, Berger Paints' revenue from operations increased by 3%, reaching Rs 2,767 crore, compared to Rs 2,670.9 crore in the corresponding period last year.
Berger Paints' EBITDA (excluding other income) for the July-September period surged by 30% to Rs 474 from Rs 364 crore in the same quarter last year.
Alkem Laboratories' shares soared by 4.79% after reporting better-than-expected Q2 results.
In the July-September quarter, Alkem Laboratories saw an 87.5% year-on-year increase in net profit, reaching Rs 620.50 crore in Q2. The company's revenue also grew by almost 12% to Rs 3,440 crore, with a notable expansion of the EBITDA margin to 21.7%.