Q2FY20 result movers: PNB, NCC, and Dabur

Punjab National Bank has turned black in Q2FY20. Today, the bank reported results for the second quarter ended September 30, 2019. The bank has reported a net profit of Rs. 507.05 crores for the quarter under review against a net loss of Rs. 4,532.35 crores for the same quarter in the previous year. Total income of the bank increased by 10.83% to Rs. 15,556.61 crores for Q2FY20 from Rs. 14,035.88 crores for the corresponding quarter the previous year. On the consolidated basis, the bank has reported a net profit of Rs. 430.03 crores for the quarter under review against a net loss of Rs. 4,574.10 crores for the same quarter in the last fiscal. The total income of the bank increased by 11.43% to Rs. 15,843.76 crores for Q2FY20 from Rs. 14,219.03 crores for Q2FY19.

NCC on consolidated basis has reported a revenue decline of 44% YoY. The operating profit and PAT declined by 7.5% and 43%, respectively, on YoY basis. During the quarter, the company has secured orders, aggregating to Rs. 1,518 crores and the order book stood at Rs. 33,173 crores as on September 30, 2019. During October 20l9, the company has secured orders worth Rs. 973.22 crores.

Dabur India reported an 8% YoY rise in revenues for Q2FY20. EBIDTA grew by 27% and PAT grew by 7.2% on YoY basis. The company’s FMCG business in India reported a volume growth of 4.8%.

Looking at the price movements, the stock of PNB declined 6% and made an intraday low of Rs. 64.30 on BSE. NCC stocks tumbled 6% and made an intraday low of Rs. 54.70 on BSE. Dabur India was trading in green and increased 5%, making an intraday high of Rs. 483.50 on BSE.