Astral shares fell 11% after Q2 earnings as Bikaji Foods and Aadhar Housing Finance also declined

On November 6, Astral shares fell 11% after Q2 earnings, while shares of Bikaji Foods and Aadhar Housing Finance fell 2% each after the companies reported their second-quarter earnings. The moves came as the three companies reported different combinations of revenue growth and net profit changes.

Key Takeaways

• Astral’s Q2 net profit plunged 5.9% year-on-year to ₹127 crore from ₹135 crore.
• Astral reported a year on year growth of 26.1% and closed the year at ₹1,988m as against ₹1,577m in previous year.
• Bikaji Foods’ net profit plunged 11.3% on year in Q2 to Rs 70.78m (Rs 79.77m).
• Aadhar Housing Finance reported a growth of 15.7% over the corresponding quarter of previous year with consolidated Q2 net profit at ₹308.3 crores as against ₹266.4 crores.
• The Nifty Midcap and smallcap indices were down 1% each at 10:12 AM IST.

Astral revenue rose 26.1% as shares fell 11%

Astral’s second-quarter net profit dipped 5.9% to Rs 127 crore from Rs 135 crore in the corresponding period last year, the company said.

Astral had a quarterly revenue of ₹1,988 crores as against ₹1,577 crores in the same quarter last year growing at 26.1% y-o-y.

Market data on November 6 showed that Astral shares fell 11% after the Q2 earnings disclosure, at 10:12 AM IST.

Bikaji Foods revenue rose 13.1% as shares fell 2%

Bikaji Foods in second quarter earned net profit of Rs. 70.78 crores as against Rs. 79.77 crores in corresponding quarter of previous year showing a decline of 11.3%.

The company’s second-quarter revenue increased to ₹921.44 crore from ₹814.9 crore, representing 13.1% year-on-year growth, Bikaji Foods reported.

Market data from November 6 shows that shares of Bikaji Foods were down 2% on the day of the Q2 earnings release, at 10:12 AM IST.

Aadhar Housing Finance profit rose 15.7% as shares fell 2%

Aadhar Housing Finance reported consolidated second-quarter net profit of ₹308.3 crore as against ₹266.4 crore during the corresponding period of the previous year, up 15.7%.

Aadhar Housing Finance reported growth of 16.8% in its revenues to Rs 1,048 crore from Rs 897 crore for the quarter.

Nov 6: Market data for the day showed that shares of Aadhar Housing Finance fell down by 2% on the day of the Q2 earnings announcement at 10:12 AM IST.

Midcap and smallcap indices fell 1% each

Nifty Midcap index was down 1% and Nifty smallcap index was also down 1% at 10:12 AM IST on November 6, as per market data.

Energy, metal and realty indices fell 1% each

The energy, metal and realty indices were each down 1% at 10:12 AM IST, while the IT index was up more than 1%, market data on November 6 showed.

As on 10:12 AM IST, BSE data showed 1,146 stocks were up, 2,303 stocks were down and 161 stocks were unchanged.