These 10 listed firms posted over 50% jump in their Q2 net profit

Maruti Suzuki: The country's largest car maker posted the highest-ever surge in its net profit in the September quarter. It reported a massive 334 percent YoY growth to ₹2,061.5 crore in its standalone net profit for the quarter under review on a low base. Higher commodity prices and chip shortage concerns had impacted earnings in the year-ago period. Its standalone profit stood at ₹475.3 crore in the same period last year. Total revenue from operations surged 45 percent to ₹29,942.5 crore as against ₹20,550.9 crore in the year-ago period. Maruti Suzuki said it sold a total of 5,17,395 vehicles during the quarter, its highest ever in any quarter. The stock has risen 13 percent in the last 1 year and 20 percent YTD.

Adani Enterprises: Adani Enterprises' Q2 profit jumped 117 percent YoY to ₹461 crore from ₹202 crore in the corresponding quarter last year. Its total income surged 183 percent YoY to ₹38,441 crore from ₹13,597 crore YoY. The increase was on account of strong performance by integrated resource management and airport business, the company said. Ebitda came in at ₹1,869 crore against ₹883 crore recorded in the second quarter of the last fiscal year. The stock rallied 131 percent in the last 1 year and 134 percent YTD.

Coal India: State-owned Coal India reported a consolidated net profit of ₹6,043.55 crore for Q2FY23, up 106 percent from ₹2,936.91 crore in the year-ago period. Its consolidated revenue from operations during the quarter under review increased 28 percent YoY to ₹29,838 crore, compared with ₹23,291 crore in the same period last year. CIL's board has also approved a dividend of ₹15 per share, the miner said in a regulatory filing. The stock rose 48 percent in the last 1 year and 57 percent YTD.

Bharti Airtel: Telecom major Bharti Airtel's net profit for Q2FY23 surged rose 89 percent to ₹2,145.2 crore against ₹1,134 crore reported a year back, thanks to strong growth in data traffic. Its total revenue stood at ₹34,526.8 crore, up 22 percent from ₹28,326.4 crore reported in the corresponding quarter last year. Consolidated EBITDA was at ₹17,721.2 crore during the quarter, up 26.4 percent YoY and 6.7 percent QoQ. EBITDA margin for the quarter was at 51.3 percent as compared to 49.5 percent in the corresponding quarter last year and 50.6 percent in the previous quarter. The stock has jumped 15 percent in the last 1 year and 22 percent in 2022 so far.

Bajaj Finance: The NBFC reported an 88 percent YoY jump in its Q2 profit at ₹2,781 crore compared to ₹1,481 crore in the year-ago period. This was the highest-ever quarterly profit reported by the NBFC. NII of the lender grew 31 percent YoY to ₹7,001 crore in Q2FY23 compared to ₹5,337 crore in the year-ago period, on the back of strong growth in assets under management (AUM). The AUM of the lender was up 31 percent YoY to ₹2.18 trillion at the end of the September quarter. Asset quality of the lender improved further as gross NPAs declined by 8 basis points (bps) sequentially to 1.17 percent and net NPAs declined by 6 bps to 0.44 percent. The stock fell 9 percent in the last 1 year and 2.5 percent in 2022 so far.

Eicher Motors: Royal Enfield maker Eicher Motors logged its highest-ever net profit in the second quarter of the financial year (Q2FY23), up 76 percent to ₹657 crore, compared to a ₹373-crore profit during the same period last year on account of improved sales. Its revenue also rose 56 percent to ₹3,519 crore, its highest ever, compared to ₹2,250 crore in the corresponding quarter of FY22. The company’s Ebitda was also up 75 percent to ₹822 crore against ₹470 crore in FY22. The firm sold 203,451 units in the quarter, a 65 percent increase from 123,515 motorcycles sold over the same period in FY22. The stock rose 29 percent in the last 1 year and 31 percent YTD.

State Bank of India: The country's largest lender reported its highest-ever quarterly PAT at ₹13,264.62 crore, up 74 percent YoY in Q2 versus ₹7,626.57 in the year-ago period. Its total income stood at ₹88,733.86 crore in Q2FY23, up 14 percent YoY from ₹77,689.09 crore in the corresponding quarter last year. The bank’s net interest income rose 12.8 percent YoY to ₹35,183 crore, up from ₹31,184 crore in Q2FY22. The net interest income was at 3.55 percent in the reporting quarter from 3.23 percent in June and 3.50 percent in the September quarter last year. The stock rose 21 percent in the last 1 year and 30 percent in 2022 so far.

Axis Bank: The private sector lender posted a 70 percent YoY rise in its net profit at ₹5,329.77 crore in Q2FY23 versus ₹3,133 crore in the year-ago period. Its net interest income (NII) went up by 31 percent YoY to ₹10,360.3 crore, from ₹7,900 crore in Q2FY22. It was ₹9,384 crore in Q1FY23. Its net interest margin (NIM) was at 3.96%, which is a rise of 57 bps YoY and a 36 bps rise QoQ. Its provisions stood at ₹549.78 crore in Q2FY23, which is a fall of 68 percent from ₹1,735 crore in Q2FY22. The stock jumped 18 percent in the last 1 year and 27 percent in 2022 so far.

IndusInd Bank: The lender reported a sharp 60.4 percent YoY rise in net profit for the quarter under review at ₹1,787 crore. Net interest income for the quarter rose nearly 18 percent to ₹4,302 crore. Provisions during the quarter fell over 33 percent on year to ₹1,141 crore. In the previous quarter, provisions stood at ₹1,250 crore. Its asset quality improved during the quarter, with the gross non-performing asset ratio dipping to 2.11 percent from 2.35 percent a quarter ago and 2.77 percent a year ago. The stock added 12 percent in the last 1 year and 28 percent in 2022 so far.

SBI Life: The firm clocked a strong 53 percent YoY growth in profit at ₹376.74 crore in Q2FY23. The profit in the corresponding period last fiscal was ₹246.62 crore. Its total income during the quarter came in at ₹27,525 crore, an 8.3 percent growth compared to a similar period last fiscal. SBI Life reported a net premium income of ₹16,477 crore for the quarter, growing 12.4 percent over the year-ago period. Renewal premium income grew by 17.3 percent to ₹9,124 crore during the same period. The stock is up 9 percent in the last 1 year and 4.5 percent in 2022 so far.