Page 72 - Q1 Results

Patanjali Foods Q1 profit slumps over 60% as high expenses dent margins

Patanjali's shares closed nearly 2.2% lower ahead of the results. The stock rose nearly 23% in the April-June quarter

Apollo Hospitals Q1 results: Net profit declines 47% to Rs 167 crore

Apollo Hospitals on Friday said its consolidated profit after tax declined by 47 per cent to Rs 167 crore in the first quarter ended June 30, 2023. The healthcare major had reported a PAT (profit after tax) of Rs 317 crore in the April-June quarter of previous fiscal. Revenue grew by 16 per cent to Rs 4,418 crore in the first quarter as against Rs 37,96 crore in the same period a year ago, Apollo Hospitals said in a regulatory filing. As on June 30, 2023, Apollo Hospitals had 7,798 operating beds across the network, out of which 14 hospitals were new with 2,380 operating beds, it said. The new hospitals have a utilisation of 60 per cent and are expected to witness double-digit growth in volumes and improvement in utilisation and profitability going forward, it added. "As we step into the next quarter, our focus remains steadfast to augment our doctors' expertise and revolutionise the overall patient experience as we continue steering Apollo towards a future where healthcare is ..

Nykaa consolidated net profit up by 8% at Rs 5.4 cr in June quarter

Beauty and fashion firm FSN E-Commerce Ventures, which operates under Nykaa brand, on Friday posted 8 per cent increase in consolidated net profit at Rs 5.4 crore for June quarter 2023-24. The company had clocked a net profit of Rs 5 crore in the same period a year ago. Profit attributable to equity shareholders, however, declined about 26 per cent to Rs 3.3 crore from Rs 4.5 crore in April-June 2022. Consolidated revenue from operations increased about 24 per cent to Rs 1,421.8 crore during the quarter from Rs 1,148.4 crore in the corresponding period of 2022-23. "Our beauty vertical continues to shape into an ecosystem of its own with steady and balanced growth across our online platforms, physical footprint as well as our consumer brands. Fashion's consumer brands also experienced steady growth with our own labels now spanning across categories westernwear, indianwear, lingerie, menswear, accessories and much more," Nykaa Executive Chairperson, MD, and CEO Falguni Nayar said i

Raymond consolidated net profit jumps multi-fold to Rs 1,066.74 crore in Q1

Diversified group Raymond Ltd on Friday reported a multi-fold growth in consolidated net profit at Rs 1,066.74 crore in the June quarter, helped by gains from sales of its consumer business to Godrej Consumer Product Ltd (GCPL). The leading textile and apparel maker had posted a net profit of Rs 81.93 crore during the April-June period of the previous fiscal, Raymond said in a regulatory filing. Its revenue from operations rose 2.5 per cent to Rs 1,771.46 crore during the quarter under review as against Rs 1,728.14 crore in the year-ago period. During the June quarter, Raymond Consumer Care Ltd (RCCL), an associate company, sold its entire business, including all brands, to GCPL on a slump sale basis for a consideration of Rs 2,825 crore. However, the manufacturing location in Aurangabad for sexual wellness products was not part of the deal. Accordingly, Raymond's share in the profit from the sale of RCCL's business for the quarter ended June includes a gain of Rs 983.01 crore. It

Glenmark Pharma Q1 results: Profit after tax dips 22% to Rs 149.9 cr

Sequentially, the company exhibited a 0.8 per cent increase in revenue and managed to turn around the PAT, having reported a loss of Rs 428.3 crore in the previous quarter

Glenmark Pharma Q1 profit drops 22% to Rs 150 crore on higher expenses

Expenses also increased due to a one-time cost of Rs 5202 crore spent during the quarter for repairs at its various manufacturing facilities in India and the United States

Nalco consolidated net profit declines 40% to Rs 334 crore in June quarter

National Aluminium Company Limited (NALCO) on Friday posted a 40 per cent decline in consolidated net profit to Rs 333.76 crore for the June quarter due to lower income. It had clocked a net profit of Rs 557.91 crore in year-ago quarter, the company said in a regulatory filing. The company's total income dropped to Rs 3,226.88 crore in the first quarter of the current fiscal compared to Rs 3,847.17 crore in the year-ago period. Odisha-based NALCO is one of the largest integrated aluminium producers in the country. Shares of the company closed at Rs 94.24 apiece on the BSE on Friday, down 0.81 per cent from its previous close.

Indian economy to grow at 6% in FY24 due to global slowdown

"The Q1 industrial growth remained buoyant, especially construction and consumer non-durables; however, the agricultural growth was muted and the services growth was sluggish," it said

ABB India's profit doubles to Rs 296 cr in June qtr due to higher revenue

ABB India's net profit more than doubled to Rs 296 crore in the June quarter of the current fiscal mainly due to higher revenues. The company reported a net profit of Rs 147 crore in the same quarter of the previous fisca, ABB India said in a statement. Total revenues of the company rose to Rs 2,509 crore in the quarter from Rs 2,053 crore in the same period a year ago. The company follows January to December fiscal year. Sanjeev Sharma, Managing Director, ABB India, said in the statement, "ABB India's Q2 (April-June) performance is testimony to the strength of its industry-leading portfolio and capabilities. We continued growth momentum during the quarter, built on strong order backlog execution, delivering highest ever quarterly operational EBITA." Our balance sheet and cash position remain robust, putting us in a strong footing to prepare for future opportunities, he added. Total orders for the quarter stood at Rs 3,044 crore and Rs 6,169 crore for the first half of 2023. Whi

Puravankara consolidated net loss at Rs 17.86 crore in June quarter

Realty firm Puravankara Ltd on Friday reported a consolidated net loss of Rs 17.86 crore in the first quarter of this fiscal year on higher expenses. The company had posted a net profit of Rs 34.44 crore in the year-ago period. Total income rose to Rs 335.81 crore during the April-June period of the 2023-24 financial year from Rs 297.35 crore in the corresponding period of the previous year, according to a regulatory filing. The company's total expenses increased to Rs 362.84 crore from Rs 249.34 crore during the period under review, the Bengaluru-based firm said.

JSPL net profit declines 13% to Rs 1,692 crore in Q1 due to high expenses

Private steel player Jindal Steel and Power Ltd (JSPL) on Friday posted a 13 per cent decline in consolidated net profit to Rs 1,692 crore for the June quarter due to higher expenses. It had clocked a net profit of Rs 1,990 crore in the April-June period a year ago, the company said in a regulatory filing. The company's total income was at Rs 12,643 crore in the first quarter of the current fiscal compared to Rs 13,069 crore in the year-ago period. Its total expenses rose to Rs 10,876 crore from Rs 10,566 crore. "We have achieved a significant milestone of successfully commissioning our state-of-the-art pellet plant at Angul (Odisha). "We have also signed mining lease for two thermal coal mines -- Gare Palma IV/6 and Utkal C -- which will lead to consistent availability of coal for our thermal coal requirements in DRI (Directly Reduced Iron) kilns, coal gasification and power plants at lower costs," JSPL Managing Director Bimlendra Jha said in a statement. During the quarter, the

Muthoot Finance posts first quarterly profit growth in six quarters

The average loan ticket size grew by 14% year-over-year in the quarter while the total weight of pledged gold jewellery rose by 2%, the company said in a filing

Orient Green Power Company's net profit rises 6% to Rs 9.29 cr in Q1

Orient Green Power Company on Friday posted a 6 per cent rise in its consolidated net profit to Rs 9.29 crore in the June quarter. The company had reported a consolidated net profit of Rs 8.76 crore in the quarter ended on June 30, 2022, according to a statement. Total income of the company increased to Rs 79.28 crore in the quarter from Rs 78.19 crore in the same period a year ago. "Further to the refinancing of over Rs 703 crore during March 2023, the company refinanced secured loans over Rs 78 crore during the year at reduced interest rates. The interest/charges on pre-closure charges of these loans amounted to Rs 386 lakh classified under exceptional items," T Shivaraman, Managing Director & CEO, said in the statement. The company also said that a board committee has approved the letter of offer of the rights issue which will open by August 28, 2023, Shivaraman said.

NMDC's consolidated net profit grows 13% to Rs 1,661 cr in June quarter

Iron ore company NMDC on Friday posted a 13 per cent rise in its consolidated net profit to Rs 1,661.04 crore in the April-June quarter, boosted by higher income. It had clocked a net profit of Rs 1,471.24 crore in the April-June period of the 2022-23 fiscal, the company said in a regulatory filing. The company's total income surged to Rs 5,688.87 crore from Rs 4,913.06 crore in the year-ago quarter. Total expenses also grew to Rs 3,476.55 crore as compared to Rs 2,968.94 crore a year ago. Hyderabad-based NMDC, under the Ministry of Steel, is the country's largest iron ore mining company.

TV Today Network's net profit declines 75% to Rs 8.78 crore in Q1

TV Today Network Ltd on Friday reported a 75 per cent decline in its consolidated net profit to Rs 8.78 crore for the first quarter ended on June 30, 2023. The company had reported a net profit of Rs 35.05 crore in the April-June period a year ago, TV Today Network said in a regulatory filing. Its revenue from operations grew 2.1 per cent to Rs 222.75 crore during the period under review as against Rs 218.15 crore in the corresponding quarter of the previous fiscal. The company's revenue from television and other media operations was Rs 218.84 crore and from radio broadcasting at Rs 3.91 crore in the first quarter of FY2023-24. Total expenses increased 21.16 per cent to Rs 220.38 crore during the quarter under review. Its total income in the June quarter fell 1.46 per cent to Rs 232.40 crore from the year-ago period. Shares of TV Today Network on Friday ended 1.02 per cent lower at Rs 208 apiece on the BSE.

Info Edge consolidated net profit halves to Rs 147 cr in June quarter

Internet company Info Edge on Friday said its consolidated net profit in June quarter FY24 almost halved to Rs 147.4 crore. The company, which owns platforms like Naukri.com, Jeevansathi etc, had posted a net profit of Rs 292.4 crore for the same period a year ago. Revenue from operations increased 14.37 per cent to Rs 625.94 crore during the quarter from Rs 547.26 crore in the year-ago period. "The Naukri business is facing headwinds in IT hiring, however the non-IT hiring market continues to look good. Growth in 99acres continues to be strong. In Jeevansathi, our Freemium strategy has helped us bring down our marketing spend and cut burn over the last few quarters," Info Edge Managing Director and Chief Executive Officer Hitesh Oberoi said in a statement.

Jindal Steel posts drop in Q1 profit on higher expenses, fall in prices

However, the export duty resulted in a 55% fall in India's steel exports in fiscal 2023, the company said

BEML posts smaller Q1 loss as expenses fall, govt spending increases

The push, which included segments such as defence and transport, came ahead of a parliamentary election due in 2024

Dredging Corporation returns to black; posts Rs 15 cr net profit in Q1

Dredging Corporation of India Ltd (DCI) on Friday announced returning to black as it posted a net profit of Rs 15.15 crore for the April-June quarter on account of reduced expenses. The company had reported a net loss of Rs 15.71 crore in the April-June period of 2022-23. The total income declined to Rs 205.18 crore in the first quarter from Rs 218.36 crore in the year-ago quarter, according to an exchange filing. Expenses declined to Rs 189.53 crore from Rs 233.83 crore in April-June FY23. Its earnings before interest, taxes, depreciation and amortization (EBIDTA) jumped more than two-fold to Rs 55.86 crore in the April-June quarter over Rs 25.10 crore in the same period of the last year. The company said it will continue to focus on advancing technological capabilities and expanding its project portfolio. Shares of the company were trading at Rs 380.60 apiece, up 3.90 per cent from its previous close on BSE. Based in Visakhapatnam in Andhra Pradesh, Dredging Corporation of Ind

Sensex down for 2nd day, dips 365 pts; Nifty near 19,400; all but PSBs fall

CLOSING BELL ON AUGUST 11, 2023: 14 out of the Sensex 30 stocks declined over a per cent each, while HCL Tech gained 3 per cent on Friday.