Page 70 - Q1 Results

Aster DM posts 93% fall in Q1 profit on new hospital losses, taxes

Aster DM's new hospitals, including Aster Royal Hospital Muscat and Aster Narayanadri Tirupati, reported losses of Rs 2900 cr for the June quarter, the company said

Brookfield India REIT Q1 net operating income rises to Rs 245 crore

Brookfield India Real Estate Trust on Monday reported a 4.5 per cent increase in net operating income to Rs 245.3 crore in the June quarter and announced distribution of Rs 164.16 crore to unitholders. Adjusted net operating income grew 4.5 per cent year-on-year to Rs 245.3 crore in the first quarter of the current fiscal from Rs 234.6 crore in the year-ago period. Income from operating lease rentals grew 3.9 per cent on-year to Rs 211,3 crore from Rs 203.4 crore in the same period a year ago. On the operational front, the company did gross leasing of 2,98,000 square feet in the June quarter, which includes 63,000 square feet of new leasing and 2,35,000 square feet of renewals. Brookfield India Real Estate Trust said it has financial commitment in place for the acquisition of two large commercial assets, totalling 6.5 million square feet, in an equal partnership with GIC, from Brookfield Asset Management's private real estate funds. Recently, the company raised Rs 2,305.4 crore ..

ITC Q1FY24 results: Net profit rises 16% to Rs 5,180 cr, revenue down 6%

The company also announced acquisition of 45.36% stake in International Travel House Limited and 25% stake in Maharaja Heritage Resorts Limited

Easy Trip Planners Q1 profit down 22% to Rs 26 cr, revenue at Rs 124 cr

Online travel service provider Easy Trip Planners Ltd on Monday reported a 21.82 per cent decline in consolidated net profit at Rs 25.9 crore for the June quarter. The company had posted a consolidated net profit of Rs 33.13 crore in the year-ago quarter, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. Consolidated revenue from operations during the first quarter of the current fiscal stood at Rs 124.05 crore, as against Rs 87.58 crore a year ago, it added. Total expenses were higher at Rs 91.56 crore, as compared to Rs 47 crore in the same period a year ago, the company said.

Shriram Properties Q1 profit rises 59% to Rs 16.62 cr on better income

Realty firm Shriram Properties on Monday reported a 59 per cent increase in its consolidated net profit to Rs 16.62 crore for the first quarter of this fiscal. Its net profit stood at Rs 10.47 crore in the year-ago period. The total income rose to Rs 157.17 crore during the April-June period of 2023-24 from Rs 145.11 crore in the year-ago period, according to a regulatory filing. Its sales volumes increased 17 per cent year-on-year to 0.78 million square feet during the first quarter of this fiscal. Sales bookings in value terms rose 47 per cent annually to Rs 459 crore, driven by strong sustenance sales in ongoing projects and two successful launches during April-June. M Murali, CMD, Shriram Properties said: We are encouraged by the continuing strong operating and financial performance...Looking ahead, with our launches, we remain positive in our commitment to, delivering homes and contributing meaningfully to the growth of the company". The company's gross debt was 12 per cent .

Sensex gyrates 696 pts, ends 79 pts up; Adani Ent down 3.5%, RIL gains 1.5%

Closing Bell on August 14, 2023: In the broader markets, the BSE MidCap and SmallCap indices underperformed the benchmarks as they fell 0.5 per cent each

Finolex Cables net profit rises 39% to Rs 132.2 cr in Q1, revenue up 19%

Electrical and communication cable manufacture Finolex Cables on Monday reported a 39 per cent rise in its net profit at Rs 132.2 crore in the April-June quarter. The company had reported a net profit of Rs 95.6 crore in the trailing 12-month period. The Pune-headquartered company in a statement said its revenue for the quarter rose 19 per cent to Rs 1,204.3 crore from Rs 1,015.7 crore recorded in the corresponding period of FY23. In volume terms, its flagship electrical wires rose 29 per cent, while power cables increased 3 per cent. Within the communication cables segment, volume of metal-based products improved 17 per cent during the quarter and optical fiber cable volume grew 50 per cent. Volume growth in new products within the FMEG (fast moving electrical goods) segment was marginal due to continued inflationary pressures affecting consumer sentiment, the company added. The expansion plans under which it is setting up a preform facility, OFC capacity expansion and E-beam ...

Wockhardt loss widens to Rs 136 cr in Q1 due to higher expenses

Pharmaceutical firm Wockhardt Ltd on Monday said its consolidated loss after tax widened to Rs 136 crore in the June quarter due to higher expenses. The company had posted a consolidated loss after tax of Rs 75 crore in the year-ago period, Wockhardt Ltd said in a regulatory filing. Consolidated revenue from operations stood at Rs 644 crore in the first quarter of the current fiscal as compared to Rs 595 crore a year ago, it added. Total expenses were higher at Rs 762 crore as against Rs 748 crore in the corresponding quarter a year ago, the company said.

AstraZeneca Pharma India Q1 PAT jumps over two-fold to Rs 53.86 cr

AstraZeneca Pharma India Ltd on Monday reported over two-fold rise in profit after tax at Rs 53.86 crore for the first quarter ended June 30, 2023. The company had posted a profit after tax of Rs 20.15 crore in the same quarter last fiscal, AstraZeneca Pharma India said in a regulatory filing. Revenue from operations during the quarter under review stood at Rs 295.46 crore, as against Rs 232.33 crore in the year-ago period, it added. Total expenses were higher at Rs 232.17 crore, as against Rs 209.14 crore, the company said.

Hi-Tech Pipes Q1 net profit grows around 80% to Rs 8 cr, revenue up 24%

Hi-Tech Pipes has reported around an 80 per cent rise in its net profit to Rs 8.02 crore during the quarter ended June 30, mainly due to higher revenues. It had clocked Rs 4.48 crore net profit during the April-June period of the preceding 2022-23 fiscal, the company said in a statement on Monday. The company's revenue from operations also rose 24 per cent to Rs 642.17 crore in Q1 FY24 from Rs 516.17 crore in the year-ago quarter. Its total sales volumes increased to 84.5 thousand tonnes over 70 thousand tonnes in Q1FY23. "The company has registered sales volume growth of 21 per cent. This volume growth has been majorly contributed by increased sales of value-added products like GP coils, colour-coated coils and sheets. The company is well positioned in this market segment," Ajay Kumar Bansal, Chairman and Managing Director, Hi-Tech Pipes, said. On business updates, he said the greenfield facility of large diameter pipes at Makhiyav, Sanand in Gujarat, is expected to start commerc

SpiceJet flies 13% as it clocks net profit of Rs 205 crore in Q1FY24

The company registered net profit at Rs 205 crore in the June ended quarter (Q1FY24), as against net loss of Rs 789 crore, in the year-ago period.

Divi's Labs reports 49.2% loss in Q1 on back of drug pricing pressures

The company reported a consolidated profit of Rs 35,600 crore ($42.9 million) for the first quarter ended June 30, compared to Rs 702 crore a year ago

Garden Reach Shipbuilders & Engineers soars 13% on strong Q1 results

Analysts at ICICI Securities expect execution to remain healthy over the next two years, led by execution of orders in hand

Vikas Lifecare Q1 net profit jumps to Rs 13.31 cr on back of higher income

Recycling player Vikas Lifecare has posted a manifold jump in its standalone net profit at Rs 13.31 crore during the June quarter, on account of higher income. It had clocked a net profit of Rs 2.33 crore in April-June period of the preceding 2022-23 fiscal, the company said in a statement on Monday. The company's total income increased to Rs 106.30 crore in the quarter under review, from Rs 88.87 crore in the year-ago quarter. Expenses were at Rs 91.77 crore, as against Rs 86.71 crore a year ago. Last month, Vikas Lifecare announced its plans of foraying into manufacturing of smart meters in a 49:51 joint venture (JV) with Indraprastha Gas Limited (IGL). As part of the agreement, a manufacturing unit will be set at an initial investment of Rs 110 crore to manufacture smart meters. Vikas Lifecare recycles plastic waste to manufacture pallets and interlocking tiles for industrial applications.

SpiceJet back in black; posts Rs 205 crore profit in June quarter

No-frills carrier SpiceJet on Monday reported a net profit of Rs 205 crore in the three months ended June, helped by strong air travel demand. The airline, which is facing multiple headwinds, had recorded a net loss of Rs 789 crore in the year-ago period. In a release, SpiceJet said the profit of Rs 205 crore was on account of "strong demand for air travel in India". "Total operating revenue for the reported quarter was Rs 2,002 crore as against Rs 2,457 crore in the same quarter of the previous year," it said. In the first quarter of this fiscal, operating expenses declined to Rs 1,291 crore as against Rs 2,072 crore in the same period a year ago. SpiceJet Chairman and Managing Director Ajay Singh said that despite facing multiple challenges, the airline posted a profit in the first quarter of the current financial year. "I am pleased to have contributed to its growth by infusing Rs 500 crore into the company. This infusion will help bolster our efforts in reviving our grounded

Vedanta hits 52-week low; slips 19% in one month

Slower-than-expected ramp up in Ebitda or delayed/lower-than-expected refinancing by VRL resulting in higher-than-expected dividend outlay in FY24, could further reduce cash balance.

National Alumimiun slips over 4% after Q1 net plunges 40%

The company's consolidated net profit dropped to Rs 333.76 crore in Q1FY24 from Rs 557.91 crore in Q1FY23. Total income was down 16.1 per cent YoY at Rs 3,226.88 crore.

Stocks to Watch on Aug 14: Adani Ports, Nykaa, Raymond, PSU Banks, Biocon

Stocks to watch on August 14, 2023: Balrampur Chini, Delta Corp, Indiabulls Housing Finance, India Cements, Manappuram Finance and Zee among nine stocks in F&O ban period on Monday.

Rising competition, valuations of paint majors on palette of worry

Berger Paints outperforms peers on sales and volume growth in Q1FY24

Riding on high NII and other income, SFBs witness 59% profit growth

Healthy NII and other income boost bottlomline