Key Takeaways from DLF's Q2 FY24 Financial Results

• Revenue from operations rose to ₹1,975.02 crores, reflecting strong business momentum.  
• Total expenses amounted to ₹1,604.22 crores, indicating effective cost management despite an increase from the previous year.
• Following the results, DLF’s stock saw a 5% increase, indicating investor confidence in the company’s performance.

For Q2 FY24, revenue from operations increased to ₹1,975.02 crores whereas the total income grew to ₹2,180.83 crores..

Despite some cost increases, total expenses were effectively managed, amounting to ₹1,604.22 crores, up from ₹1,012 crores in the previous year. This helped boost profitability. The company reported a profit before tax (PBT) of ₹576.61 crores and net profit after tax (PAT) reached 1381.22 crores.

About DLF Limited

DLF Ltd, along with its subsidiaries, associates, and joint ventures, is a leading real estate developer involved in land acquisition, project planning, construction, and marketing. The company also operates in leasing, power generation, maintenance services, hospitality, and recreational services, supporting its real estate business. With a presence in 22 cities across 14 states and union territories in India, DLF is a major player in the nation’s real estate sector.

Key Takeaways from Punjab National Bank’s Financial Performance:

• Punjab National Bank (PNB) reported a 145% increase in net profit for Q2 FY'25, reaching Rs 4,303 crore, up from Rs 1,756 crore last year.
• The bank's Return on Assets (RoA) improved to 1.02%, compared to 0.46% in the same quarter last year.
• Gross Global Business exceeded Rs 25 lakh crore, reflecting an 11.93% year-on-year growth, while Net Interest Income rose to Rs 10,517 crore, a 5.99% increase.
• PNB's Gross Non-Performing Assets (GNPA) ratio significantly declined to 4.48% from 6.96% last year, with a strengthened Capital Adequacy Ratio of 16.36%.

The increase in net profit was accompanied by improvement in the bank's Return on Assets (RoA), which climbed to 1.02% compared to 0.46% a year earlier.

PNB's Gross Global Business exceeded Rs 25 lakh crore, reflecting an 11.93% increase from the previous year. Net Interest Income also saw a positive shift, rising to Rs 10,517 crore, marking a 5.99% growth. 

The bank improved its asset quality, with the Gross Non-Performing Assets (GNPA) ratio declining significantly to 4.48% from 6.96% last year. Furthermore, the bank's Capital Adequacy Ratio improved to 16.36%, highlighting its strong financial health. 

About Punjab National Banks:

Punjab National Bank (PNB) is the second-largest public sector bank in India, boasting a rich history of over 125 years. Founded on April 12, 1895, in Lahore by visionaries such as Lala Lajpat Rai and Sardar Dyal Singh Majithia, PNB was established with a nationalist spirit, aiming to create a bank that truly represented Indian interests. After the nationalisation of banks in 1969, the Government of India became the largest shareholder. Over the years, PNB has significantly expanded its footprint across the nation, with a vast network of over 10,000 domestic branches, two international branches, and more than 12,000 ATMs.

In 2022, PNB further extended its services by launching the IFSC Banking Unit (PNB IBU) in GIFT City, Gandhinagar. This unit aims to provide international banking services to both Indian and overseas customers, enhancing PNB's ability to serve a global clientele. Regulated by the International Financial Services Centres Authority (IFSCA), the PNB IBU offers a wide array of financial products tailored to meet the diverse needs of its customers. As of September 2023, PNB's gross global business reached Rs 22.51 trillion, reflecting its status as a major player in the Indian banking landscape

Key Takeaways from JBM Auto’s Financial Performance:

• JBM Auto reported a net profit of Rs 49.15 crore for Q2 FY25, an 11.45% increase from Rs 44.10 crore in the same quarter last year.  
• Total sales reached Rs 1,285.98 crore, up 4.47% from Rs 1,231.01 crore in Q2 FY24.  
• Profit before tax rose by 7.79% to Rs 64.92 crore, and EBITDA increased by 18.54% to Rs 174.81 crore.  
• The company signed an agreement for strategic investment in e-mobility projects and commenced operations for 48 intercity buses in Telangana, achieving its highest Q2 sales in the OEM business.  

The company’s total sales, including other operating income, reached Rs 1,285.98 crore, which is a 4.47% increase from Rs 1,231.01 crore in Q2 FY24. Profit before tax rose by 7.79%, amounting to Rs 64.92 crore, compared to Rs 60.23 crore during the previous year’s second quarter. 

Additionally, EBITDA increased by 18.54%, reaching Rs 174.81 crore, up from Rs 147.47 crore in Q2 FY24. The earnings per share (EPS) for Q2 FY25 stood at Rs 4.19, compared to Rs 3.74 in Q2 FY24.

Furthermore, it signed an agreement with ADB and AIIB for strategic investment in e-mobility projects across multiple states. Operations for 48 intercity buses have commenced in Telangana, and the company maintains a strong order book in both its OEM and Tool Room divisions, which is expected to support its growth momentum in FY25. The company also highlighted that it achieved its highest ever Q2 sales in the OEM business. 

About JBM Auto Limited:

Founded in 1983, JBM Group has transformed from a manufacturer of cylinders into a leading global conglomerate, producing half a million automotive components daily. With a vision inspired by the concept of "Intel inside," our founder dreamed of every vehicle in India featuring a "JBM inside" component. Today, we proudly realize that vision, serving major car manufacturers and achieving a revenue of $3.0 billion. Our diverse portfolio spans over 10 countries, driven by the commitment of more than 30,000 dedicated employees who embody our core value of "One JBM."

At JBM, innovation and sustainability are at the forefront of our operations. We have expanded our business into sectors such as electric vehicles, renewable energy, and waste management, positioning ourselves as pioneers in Cleaner, Greener, and Safer mobility solutions. Our state-of-the-art R&D Centres, recognized by the Government of India, drive technological advancement across our divisions. As we continue to conquer new horizons and achieve milestones, JBM Group remains dedicated to enhancing technology and empowering people for a sustainable future.

Key Takeaways from DLF's Q2 FY24 Financial Results

• Revenue from operations rose to ₹1,975.02 crores, reflecting strong business momentum.  
• Total expenses amounted to ₹1,604.22 crores, indicating effective cost management despite an increase from the previous year.
• Following the results, DLF’s stock saw a 5% increase, indicating investor confidence in the company’s performance.

For Q2 FY24, revenue from operations increased to ₹1,975.02 crores whereas the total income grew to ₹2,180.83 crores..

Despite some cost increases, total expenses were effectively managed, amounting to ₹1,604.22 crores, up from ₹1,012 crores in the previous year. This helped boost profitability. The company reported a profit before tax (PBT) of ₹576.61 crores and net profit after tax (PAT) reached 1381.22 crores.

About DLF Limited

DLF Ltd, along with its subsidiaries, associates, and joint ventures, is a leading real estate developer involved in land acquisition, project planning, construction, and marketing. The company also operates in leasing, power generation, maintenance services, hospitality, and recreational services, supporting its real estate business. With a presence in 22 cities across 14 states and union territories in India, DLF is a major player in the nation’s real estate sector.