Page 37 - Corporate Earnings

IGL Q1 results: Net profit falls 8.6% to Rs 400 crore, revenue rises 3.4%

Total gas sale volumes rose 5.3% to 786 million standard cubic meters

SBI Life Q1FY25 results: Net profit increases 34% to Rs 519.5 crore

The company's new business premiums grew by 13 per cent YoY to Rs 7,030 crore in Q1FY25 against Rs 6,210 crore in the year-ago period

V-Guard Q1 results: Net profit up 54.11% to Rs 99 cr on improved margins

V-Guard Industries on Wednesday reported 54.11 per cent increase in consolidated net profit at Rs 98.97 crore for June quarter FY25 helped by improvement in margins with softening commodity prices and cost-effective initiatives. The electrical goods manufacturer had clocked a net profit of Rs 64.22 crore in April-June FY24, according to a regulatory filing. Revenue from operations rose to Rs 1,477.10 crore during the period under review from Rs 1,214.76 crore in the corresponding period a year ago. Total expenses were up 18.5 per cent to Rs 1,351.65 crore. Total income was higher by 21 per cent at Rs 1,484.01 crore in June quarter. "The business has delivered strong topline growth in electronics and consumer durables segments led by strong demand for summer products," Managing Director Mithun K Chittilappilly said. However, the wires segment, which is the largest category under the electricals segment was impacted by trade de-stocking due to the softening of copper prices in ...

Petronet LNG Q1 results: Net profit jumps 40% to Rs 1,100.76 crore

Petronet LNG Ltd, India's largest liquefied natural gas importer, on Wednesday reported a 40 per cent jump in its first quarter net profit on a rise in gas volumes. Consolidated net profit of Rs 1,100.76 crore in April-June - first quarter of current fiscal - compared with Rs 787.73 crore earning in the same period a year back, according to a stock exchange filing by the company. Revenue from operations rose 15 per cent to Rs 13,415.13 crore.

Urban Company revenue up 37.3% in Q1FY25, loss narrows to Rs 93 cr in FY24

Doorstep service provider Urban Company has reported narrowing of its consolidated loss to Rs 93 crore in the financial year 2023-24 and has posted first-ever operational profit in the June 2024 quarter. Urban Company had posted an operational loss of Rs 312 crore in FY'23. The company, meanwhile, posted first-ever operational profit in the June 2024 quarter, Urban Company said on Tuesday. "We made a strong start to FY'25 with our consolidated net revenue growth for the first quarter of FY'25 at 37.3 per cent YoY (unaudited). "We achieved PBT (profit before tax) profitability in the quarter with consolidated PBT margin as a percentage of net revenue at 4.3 per cent. The India business also achieved healthy PBT margins with PBT margin at 12 per cent," UC added. The net revenue of the company increased by about 30 per cent to Rs 827 crore in FY'24, from Rs 637 crore it posted in FY'23. "This growth was achieved on the back of investments in service quality, partner training and ...

Bajaj Finserv Q1 results: Net profit increases 10% to Rs 2,138 crore

Bajaj Finserv Ltd (BFL) on Wednesday reported 10 per cent increase in consolidated net profit at Rs 2,138 crore for the first quarter ended June 2024. The company had logged a net profit of Rs 1,943 crore in the year-ago period. Total income during the quarter increased to Rs 31,480 crore from Rs 23,280 crore in the year-ago period, BFL said in a regulatory filing. BFL is the holding company for various financial services businesses under the Bajaj group. Total expenditure also rose to Rs 25,514 crore from Rs 18,157 crore in the same quarter a year ago. During the quarter, its subsidiary Bajaj Allianz General Insurance reported 39 per cent jump in profit to Rs 576 crore. Another subsidiary Bajaj Allianz Life Insurance's profit increased to Rs 104 crore from Rs 94 crore in the same quarter a year ago.

M&M Fin Services Q1 results: Net profit jumps 45% to Rs 513 crore

Mahindra and Mahindra Financial Services on Tuesday reported a 45 per cent jump in June quarter net profit to Rs 513 crore. The non-bank lender had reported a net profit of Rs 353 crore in the year-ago period. The core net interest income grew 15 per cent to Rs 1,932 crore and the interest margin narrowed to 6.6 per cent from 7.1 per cent in the same period of the previous quarter. Its total income grew 20 per cent to Rs 3,760 crore during the reporting quarter, and the assets under management were up 23 per cent at Rs 1.06 lakh crore. Its credit costs declined to Rs 448 crore from the Rs 526 crore in the year-ago period, helping in the profit growth. In a statement, it said the collection efficiency remained at 94 per cent and the non-performing assets were also within the thresholds. The company scrip closed at Rs 295.90 apiece on the BSE on Tuesday, 1.16 per cent higher than its previous close.

United Spirits Q1 results: Net profit increases 1.7% to Rs 485 crore

The company had posted a consolidated net profit of Rs 477 crore in the year-ago period, United Spirits Ltd (USL) said in a regulatory filing

Schaeffler India Q1 results: Net profit increases 7% to Rs 253.5 crore

The company posted a PAT of Rs 237.28 crore in the year-ago period, the company said in a regulatory filing

Hindustan Unilever Q1 results: Net profit rises 2.7% to Rs 2,538 crore

The company, a unit of UK's Unilever, reported a 2.7% rise in profit to Rs 2,538 crore ($303.23 million) for the quarter ended June 30

Bajaj Finance Q1 results: Net profit increases 14% to Rs 3,912 crore

Bajaj Finance's loan losses and provisions - the money set aside to cover potential defaults - grew nearly 70% to Rs 1,685 crore, well ahead of analysts' estimate of Rs 1,466 crore

Kajaria Ceramics Q1 results: PAT falls to Rs 89.82 cr, misses estimates

The company said its consolidated net profit fell to Rs 89.82 crore ($10.7 million) in the quarter ended June 30 from Rs 108 crore a year ago

Supreme Industries Q1 results: Net profit up 26.8% to Rs 273.37 cr

Plastic products maker Supreme Industries Ltd on Monday reported an increase of 26.83 per cent in consolidated profit to Rs 273.37 crore in the June 2024 quarter. The company had posted a net profit of Rs 215.54 crore during the April-June quarter of the previous fiscal, according to a regulatory filing from Supreme Industries. Its revenue from operations was 11.3 per cent higher at Rs 2,636.35 crore during the quarter under review. It was at Rs 2,368.58 crore in the corresponding period a year ago. Total expenses of Supreme Industries in the June quarter grew 11.3 per cent to Rs 2,338.38 crore. In the June quarter, the company "sold 1,73,835 MT of plastic goods and achieved net product turnover of Rs 2,612 crore during the 1st quarter of the current year against sale of 1,48,544 MT and net product turnover of Rs 2,340 crore in the corresponding quarter of previous year, achieving volume and product value growth of about 17 per cent and 12 per cent," respectively, it said. Its tot

BPCL Q1 results: Net profit declines 71% to Rs 3,015 cr on higher costs

The state-owned firm's standalone net profit fell 71% to 30.15 billion rupees (around $360 million) for the three months ended June 30

Q1 results: Infosys tops profit estimates, lifts FY25 revenue forecast

Sees 7.1% rise in Q1 earnings, 100 bps improvement in margin to 21.1%

Hathway Q1 results: PAT declines 18% to Rs 18 cr, revenue at Rs 502.6 cr

Hathway Cable & Datacom Ltd -- provider of cable and internet services -- on Wednesday reported a decline of 18.1 per cent in consolidated net profit to Rs 18.32 crore for the June quarter. The company had posted a net profit of Rs 22.36 crore in the April-June period a year ago, according to a regulatory filing from Hathway Cable, a firm owned by the Reliance Industries Group. Its total revenue was flat at Rs 502.61 crore in the June quarter. It was at Rs 499.23 crore in the corresponding period a year ago. During the quarter, its revenue from the Cable TV business was at Rs 336.14 crore and Rs 151.19 crore from broadband services in the June quarter of FY25. Hathway Cable's total income, which includes other income, was down 1.69 per cent in the June quarter to Rs 524.36 crore. Total expenses of Hathway Cable was down 2 per cent to Rs 503.14 crore.

GoMechanic achieves operational profit in Q1FY25; FY24 revenue at Rs 210 cr

Car services and repair platform GoMechanic, which was on the verge of collapse about a year-and-a-half ago, on Tuesday said it achieved operational profit in the June 2024 quarter under the new management. The company was acquired by Servizzy, a subsidiary of the Lifelong Group, in March 2023 after anomalies in its financial records were found under previous management and the firm was put on sale by the investors. Under the new management, GoMechanic has posted a revenue of Rs 210 crore in the financial year 2023-24 and a revenue of Rs 85 crore in the April-June 2024 quarter. "GoMechanic proudly announces a major milestone achieved under the guidance of its new founders Himanshu Arora and Muskan Kakkar. The company has turned EBITDA positive in the first financial quarter of this year. This significant achievement marks a pivotal moment in GoMechanic's evolution, highlighting its growth and innovation in the auto service industry," the company said in a statement. The company pos

Market Highlights, July 16: Sensex, Nifty end flat after hitting record highs; RIL, HDFC Bank weigh

Stock Market Highlights today, Tuesday, July 16, 2024: In the broader markets, the BSE MidCap slipped 0.29 per cent, but the BSE SmallCap added 0.32 per cent

Revised financial statements of two IL&FS group firms submitted before NCLT

Revised financial statements of two IL&FS group firms, IL&FS Transportation and IL&FS Financial Services, for the financial years 2013 to 2018 have been submitted before the National Company Law Tribunal (NCLT). A two-member bench of NCLT Mumbai comprising Prabhat Kumar and Justice Virendra Singh Bisht has taken the submissions of revised financial statements on record. Earlier on January 1, 2019, the NCLT passed an order permitting reopening and recasting of the financial accounts of three IL&FS group companies - IL&FS Transportation, IL&FS Financial Services and IL&FS Engineering. The order was passed over an application moved by the central government, which had suspended the board of the debt-ridden Infrastructure Leasing and Financial Services (IL&FS) and appointed six-member panel. Following the order, a revised account was submitted to NCLT on June 26 and an order was uploaded for the same on Monday. "In terms of the order dated 01.01.2019 in the

SpiceJet posts 6-fold jump in profit to Rs 119 cr for March quarter

Budget carrier SpiceJet on Monday reported a six-fold jump in its standalone profit to Rs 119 crore for the January-March quarter of 2023-24 over Rs 16.85 crore profit in the corresponding quarter of the previous year. Revenue from operations during the quarter under review, however, declined 20 per cent to Rs 1,719.37 crore from Rs 2,144.85 crore in the fourth quarter of the financial year ended March 31, 2023, according to a regulatory filing. For the full fiscal 2023-24, the airline posted a loss of Rs 409.43 crore against a loss of Rs 1503 crore in FY 23, as per the filing. For the December quarter, SpiceJet reported a loss at Rs 409.43 crore as against a profit of Rs 106.82 crore in FY23, it stated. "We announce a strong financial performance in Q4 FY2024, with net profit surging sixfold to Rs 119 crore compared to the same quarter last year. The results reflect our relentless efforts to enhance operational efficiency and our commitment to turning around the company's fortune