Muthoot Q2 profit up, Zee revenue rises

Muthoot Finance Ltd.’s second-quarter profit rose, though it missed analysts’ estimates. The lender’s standalone net profit increased 14.3% year-on-year to Rs 991 crore in the quarter ended September, according to an exchange filing. Analysts polled by Bloomberg had estimated a standalone net profit of Rs 1,057.8 crore.

Sequentially, it rose 2%. The company’s total income stood at Rs 3,074 crore, up 23% year-on-year.
Zee Entertainment Enterprises Ltd.’s revenue rose 20.5% to Rs 2,437.8 crore as against Rs 2,023.9 crore over the same period last year and an estimate of Rs 2,166.9 crore. Reported profit was up 8.9% at Rs 123 crore as compared with Rs 112.9 crore last year and an estimate of Rs 113.7 crore.

Orient Cement’s revenue rose 17.1% to Rs 720.6 crore year-on-year. The company earned a net profit of Rs 24.6 crore as against Rs 9.5 crore net loss over the same period last year. Ebitda for the company went up by 2.66 times to Rs 86.5 crore. BQ Prime