Page 69 - Q1 Results

Sula Vineyards jumps 4% as wine tourism clocks record revenue over weekend

So far this calendar year, the stock of this wine producer has surged 54 per cent, as against a 7 per cent rise in the S&P BSE Sensex

DTH system operator Tata Play reports net loss of Rs 105.25 cr in FY23

Leading DTH system operator Tata Play has reported a net loss of Rs 105.25 crore for the fiscal ended March 2023, according to financial data accessed by the business intelligence platform Tofler. The company reported a net profit of Rs 68.6 crore in FY22, as per the data. Its revenue from operations slipped 5.1 per cent to Rs 4,499.19 crore from Rs 4,741.07 crore a year ago. Tata Play (earlier knowns as Tata Sky) is not a publicly listed entity. However, it has earlier this year received approval from the capital market regulator Securities and Exchange Board of India (Sebi) to raise funds through initial public offerings (IPOs). The total expenses of Tata Play stood at Rs 4,691.25 crore in 2022-23. The total income of Tata Play, a JV between Tata Group and Rupert Murdoch-owned 21st Century Fox, fell 5 per cent to Rs 4,529.97 crore. Its total liabilities declined to Rs 8,658.22 crore in FY23 from Rs 9,198.1 crore in FY22. Its borrowings in FY23 rose to 2,787.35 crores from Rs

Godrej Properties' Q1 net debt up 45% to Rs 5,298 cr from March-end

Godrej Properties' net debt rose 45 per cent during April-June period of this fiscal to Rs 5,298 crore from the previous quarter on aggressive land purchase across major cities. According to an investor presentation, net debt of Godrej Properties -- the real estate arm of business conglomerate Godrej Group -- stood at Rs 5,298 crore as on June 30, 2023 as against Rs 3,649 crore at March-end. Debt-equity ratio stands at 0.56. Since April last year, Godrej Properties has been aggressive in new business development under which the company is purchasing land outright and also entering into joint development agreements (JDAs) wth land owners to create a pipeline for future development. It focuses on Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune and Bengaluru markets. Enthused by strong housing demand, the company acquired 18 land parcels last fiscal year for development of new projects with an estimated sales potential of Rs 32,000 crore. It purchased four new land parcels with an .

Airtel Payments Bank revenue grows 41% to Rs 400 cr in Q1, profit up 143%

Airtel Payments Bank on Thursday said its revenue witnessed a year-on-year growth of 41 per cent to Rs 400 crore in the first quarter ended June 30, 2023. The unlisted entity of Bharti Group said that its profit grew by 143 per cent on a year-on-year basis without disclosing the actual number. "For the first time, the Bank's quarterly revenue grew to Rs 400 crore for the first quarter (Q1) of financial year (FY) 2024, an increase of 41 per cent YoY. For the Q1'FY24, the Bank's profits grew by 143 per cent on YoY," the company said in a statement. The customer deposits at Airtel Payments grew to Rs 1,922 crore and it now has 5.54 crore monthly transacting users, an annualised gross merchandise value (GMV) of Rs 2,381,00 crore and revenue of over Rs 1,600 crore on an annual basis, the statement said. "For the first time, our revenues have surged to INR 400 crore. Our brand's reliability and cutting-edge product offerings, combined with an unparalleled distribution network and advance

ITC hits 2-month low; stock down 12 per cent from record high

The board of ITC on Monday approved the Hotel demerger, with share entitlement ratio of 10:1 for the demerged entity.

Cochin Shipyard hits record high, up 37% in three days post strong Q1 show

The company's Q1 net profit had soared 123.7 per cent to Rs 109.41 crore for the June 2023 quarter as against Rs 48.91 crore in the year ago period.

Sensex rebounds 507 pts from lows, ends 138 pts up; auto, IT stocks gain

Closing Bell on August 16, 2023: The shares of SBFC Finance, which debuted on Wednesday at a premium of 44 per cent, settled at Rs 92.2 per share, up nearly 62 per cent over issue price

Stock of this defence company has zoomed 110% in 6 weeks on strong outlook

Thus far in the calendar year 2023, the stock price of Zen Technologies has skyrocketed 372 per cent, as compared to 7 per cent rise in the S&P BSE Sensex.

Apar Industries hits record high on healthy outlook; up 200% from Jan low

For Q1FY24, Apar Industries had posted 61 per cent year-on-year jump in profit after tax at Rs 197 crore.

ITC rises 2% in a weak market as brokerages give thumbs up to Q1 results

The company clocked 16.2 per cent year-on-year (YoY) rise in consolidated net profit to Rs 5,104.9 crore in Q1FY24

Top headlines: Gangwal to sell IndiGo shares, India Inc's Q1 result review

Business Standard brings you the top headlines at this hour

India Inc's Q1 result review: Margin boost cushions slower revenue growth

India Inc's combined quarterly net profit rose 47% to a record Rs 3.36 trn; net sales were up just 5%

Sectoral earnings dashboard: Auto takes the wheel, banks ride shotgun

IT services, a growth driver, showed a revenue and profit slowdown, ranking third in net profit after banks and oil firms

Cafe Coffee Day logs Q1 net profit of Rs 25 cr, revenue at Rs 223.20 cr

Coffee Day Global Ltd (CDGL), which operates coffee chain CCD, has posted a net profit of Rs 24.57 crore for June quarter 2023-24. In the year-ago period, it incurred a loss of Rs 11.73 crore. Revenue from operations was at Rs 223.20 crore in the quarter under review. It was Rs 189.63 crore in the year-ago period, as per the quarterly results of Coffee Day Enterprises Ltd (CDEL). CDGL is an unlisted company. However, its parent firm CDEL shares the results of the owner and operator of coffee chain Cafe Coffee Day (CCD) every quarter. Total income of CDGL in June quarter 2023-24 was Rs 250 crore. However, its count of cafe outlets reduced to 467 in June quarter both on year-on-year and sequential basis. It was operating 493 outlets in June quarter of FY23 and 469 in the March quarter. Its vending machine count went up to 50,870 in June quarter from 46,603 in the year-ago period. Its ASPD (average sales per day) increased to Rs 20,824 in the June quarter. It was at Rs 19,537 a yea

Q1 results beat, valuations factor in bright prospects for ONGC stock

The company guidance is to add over 100,000 square kilometres of exploratory area annually, and spend Rs 10,000 crore each year on exploration

Vodafone Idea Q1 loss widens 7.5% to Rs 7,837 crore on high expenses

The company suffered higher expenses due to a spike in finance cost

Flying back into black, SpiceJet reports highest profit in 4 years

The jump in net profit can be attributed to a 17 per cent decline in the company's total expenses from Rs 2,504.7 crore in Q4FY23 to Rs 2,069 crore in the first quarter of the current financial year

Beyond estimates: ITC's profit puffs up over 16% to Rs 5,104. 93 crore

Cigarette, FMCG (non-cigarette), and hotel segment top performers

Street positive on Trent after a strong Q1 results, sales trajectory

Aggressive expansion and healthy like-for-like growth led to the third consecutive quarter of Rs 2,000 crore plus revenues

Vodafone Idea Q1 net loss widens to Rs 7,840 cr, revenue up by 2.3%

Debt-ridden telecom operator Vodafone Idea on Monday said its consolidated net loss widened to Rs 7,840 crore in the first quarter ended June 30. The company had posted a net loss of Rs 7,295.7 crore in the same period a year ago. The consolidated revenue from operations during the reported quarter increased marginally by 2.3 per cent to Rs 10,655.5 crore from Rs 10,406.8 crore in June 2022 quarter. VIL's average revenue per user (ARPU) of the company during the June quarter increased to Rs 139 from Rs 128 a year ago.