Consolidated net sales rose 15.1 per cent to Rs 7,943 crore in the April-June period versus the same period last year
The gross direct premium income by the insurer during the period was Rs 5,370 crore, up 28.2 per cent from the year-ago period
According to a Bloomberg poll, analysts had estimated revenue at Rs 13,401 crore and net profit at Rs 2,207 crore
VNB up 25% YoY to Rs 510 cr, annualised premium equivalent grew 22% to Rs 1,904 cr; Solvency ratio at 178%, slightly above the regulatory norm of 150%
Firm expects NIM plus fees to stay above 8% in FY23
Ambuja Cements' sales volume was up 15% in April-June quarter at 7.39 MTPA from 6.42 MTPA of the corresponding quarter
Profitability was supported by better operating leverage and various strategic initiatives implemented over past few quarters, Polycab India chairman and managing director Inder T Jaisinghani noted.
'During the quarter, our turnover grew 19% with underlying volume growth of 6%. We continued to grow significantly ahead of the market, gaining value and volume market shares,' says the FMCG major
Its consolidated revenue from operations rose by 9.53 per cent to Rs 1,265.05 crore during the quarter under review compared to Rs 1,154.98 crore in the corresponding quarter a year ago.
Lender eyeing equity offering of Rs 1,000 cr in second half of FY23
This will be the first result announcement by the company since it was acquired by the Adani group in May 2022
Larsen & Toubro has seen a steady rise in net profits over the previous four quarters. Larsen & Toubro Q1FY23 results will be declared on Tuesday
Retail to benefit from low base; tariff hikes to power telecom growth
MFI will focus on seven states for incremental AUM of Rs 6,000-7,000 crore
New business premium of the insurer grew 24.4 per cent to Rs 3,184 crore in the same period
The bank's pre-provision operating profit was at Rs 15,367.8 crore in Q1FY23
In Q4FY22, the bank recorded a 22.8 per cent rise in its net profit year-on-year.
Margins were better managed despite a higher attrition of 23.2% in Q1, up from 20.4% in Q4FY22
BigBasket expects GMV to grow 30% to Rs 13,000 cr in FY23 with quick commerce push; will scale up offline stores from 90 to 695 in a year, will double footprint to 70 cities
During the quarter under review, its total income rose to Rs 13,069.17 crore from Rs 10,643.17 crore a year ago