Page 76 - Q1 Results

Stocks to Watch today, Aug 09: Adani Group, CIL, IRCTC, Tata Power, Siemens

Stocks to watch on August 09, 2023: Shares of Adani Enterprises and Adani Wilmar are likely to be in focus on Wednesday amid reports of stake sale in the latter company.

Fintech platform MobiKwik reports first ever consolidated PAT at Rs 3 crore

To double its revenue in fiscal 2024 to Rs 1,100cr

SBI's earnings growth may taper off in the near-term, warn analysts

State Bank of India (SBI) stock outlook: Analysts at Nomura termed SBI's sharp NIM decline "disappointing" as the lender's YoY NIM expansion of 31bp significantly trailed private banks.

Adani Ports Q1FY24 results: Consolidated net profit up 80% to Rs 2,119 cr

The net profit was 85.7 per cent higher as compared to Rs 1,140.97 crore in the quarter that ended on March 31

Hindalco Q1FY24 results: PAT falls 40% to Rs 2,454 crore, revenue down 9%

The net sales in Hindalco's US unit Novelis, which accounts for over 63 per cent of the company's total revenue, fell about 20 per cent

Hospitality firm EIH's net profit rises 61% to Rs 106 crore in Q1

Hospitality firm EIH Ltd on Tuesday reported an increase of 61 per cent in its consolidated net profit to Rs 106.03 crore in the June quarter. EIH, the flagship company of the Oberoi Group, had reported a net profit of Rs 65.86 crore in the April-June period a year ago. Its revenue from operations was up 26.32 per cent to Rs 498.10 crore in the first quarter of the current fiscal as against Rs 394.29 crore of the corresponding quarter, EIH said in a BSE filing. EIH's total expenses during the quarter were up 13.77 per cent at Rs 380.74 crore, while its total income was Rs 522.60 crore, an increase of 26.74 per cent as compared to the year-ago period. "We are delighted with the remarkable financial performance for the first quarter of FY24. The significant growth in revenue and profitability reflects the dedication of our team and the enduring trust of our valued guests," EIH Chief Executive Officer and Managing Director Vikram Oberoi said. EIH owns and operates a portfolio of hote

Siemens net rises over 43% to Rs 424 cr in June quarter on higher revenues

Tech firm Siemens on Tuesday posted over 43 per cent rise in its net profit to Rs 424 crore in the June quarter compared to a year ago mainly on the back of higher revenues. "For the third quarter of Financial Year 2023 ended June 30, 2023, Siemens Limited registered Profit after Tax at Rs 424 crore, an increase of 43.4 per cent over the same period last year," a company statement said. According to the statement, revenue in the quarter was at Rs 4,407 crore, a 14 per cent increase over the same quarter in the preceding year. The company's new orders stood at Rs 5,288 crore, a 5.9 per cent increase over the same period last year, it stated. Base business has increased by 10.9 per cent, whereby advance orderings in our short-cycle product businesses still had some adverse impact, it stated. Sunil Mathur, Managing Director and Chief Executive Officer, Siemens said in the statement, "We continue to see consistently strong performance across all our businesses with a healthy mix of or

Dish TV Q1 net profit rises 15% to Rs 20.54 cr, becomes zero-debt company

Direct-to-home firm Dish TV India Ltd on Tuesday reported a 15.07 per cent increase in its consolidated net profit to Rs 20.54 crore for the April-June quarter of 2023-24 compared to Rs 17.85 crore a year ago. The company also announced the appointment of Manoj Dobhal as CEO with effect from August 23, 2023, after receipt of approval from the Ministry of Information and Broadcasting. Dish TV revenue from the operation declined 17.82 per cent to Rs 500.16 crore during the quarter under review as against Rs 608.63 crore of the corresponding quarter, Dish TV said in a regulatory filing. Dish TV's total expenses in the first quarter of FY2023-24 were down 19.37 per cent at Rs 475.46 crore. Its total income in the June quarter was at Rs 503.20 crore, down 17.94 per cent, mainly impacted by a decline in the subscription revenue. In the June quarter, Dish TV's Subscription revenues were 27.12 per cent lower at Rs 397.4 crore as against Rs 545.3 crore a year ago. Its subscription revenue

Consumer durable co Eureka Forbes Q1 net profit rises 28.5% to Rs 25.44 cr

Eureka Forbes, a consumer durable maker which operates in the health and hygiene space, on Tuesday reported a 28.48 per cent increase in its consolidated net profit at Rs 25.44 crore in the June quarter. It had reported a net profit of Rs 19.80 crore in the April-June period a year ago. However, its revenue from operations was down 4.06 per cent to Rs 504.81 crore in the first quarter of the ongoing fiscal as against Rs 526.22 crore in the year-ago period, Eureka Forbes said in a regulatory filing. "This represented a sequential improvement in the trajectory of the business," said an earnings statement from Eureka Forbes. Total expenses of Eureka Forbes, which was earlier owned by construction major Shapoorji Pallonji and Company, was at Rs 471.17 crore in the first quarter of FY 2023-24. "During the quarter, the company's net debt stood at Rs 32 crore, a reduction of 85 per cent year-on-year," it said. Last year, Advent International-backed Lunolux acquired the majority stake in

TMS Ep493: India Inc's recovery, biosimilar regulations, superconductor etc

Is India Inc's recovery too lopsided? Should India relax biosimilar product regulations? Will prices of oil and precious metals sustain their strength? What is a room-temp superconductor? Answers here

Birla Corp Q1 results: Consolidated net profit falls 3.6% to Rs 59.71 cr

Total income at Rs 2424.63 crore saw an increase of 9.3 per cent, as cement volumes grew by 12.2 per cent

Oil India Q1 results: Profit rises 3.7% as petroleum product revenue slides

Lower expenses helped oil explorer register profit in Q1 FY24

National Fertilisers posts Q1 net loss of Rs 121.43 cr on sluggish sales

State-owned National Fertilisers Ltd on Tuesday posted a consolidated net loss of Rs 121.43 crore during the first quarter of this financial year on sluggish sales. The company had posted a net profit of Rs 125.46 crore in the same quarter of the previous fiscal, the regulatory filing said. Total income declined on a consolidated basis to Rs 5,051.23 crore during April-June quarter of the current financial year, from Rs 6,454.65 crore in the year-ago period. Expenses, however, remained lower at Rs 5,251.10 crore, as against Rs 6,312.23 crore in the said period, the filing said.

Chambal Fertilisers Q1 net profit dips 1% to Rs 338.60 cr due to poor sales

Chambal Fertilisers and Chemicals Ltd on Tuesday posted a marginal drop of 0.9 per cent in consolidated net profit to Rs 338.60 crore in the April-June quarter due to poor sales. The firm's net profit was Rs 341.71 crore in the same quarter of the previous fiscal, according to a regulatory filing. Total income on a consolidated basis declined 23.34 per cent to Rs 5,589.28 crore in the first quarter of the current fiscal from Rs 7,291.18 crore in the year-ago period. The company said there were higher volumes of urea during the first quarter but the revenue decreased mainly due to lower gas prices. Similarly, there was lower revenue from phosphatic and potassium fertilisers because of lower volumes and prices. Expenses remained lower at Rs 5,087.96 crore in the first quarter as against Rs 6,821.97 crore a year ago. The consolidated financial results include the financial details of four subsidiaries.

Hindustan Organic Chemicals net loss widens to Rs 23.03 crore in Q1

State-owned Hindustan Organic Chemicals Ltd (HOCL) on Tuesday posted a consolidated net loss of Rs 23.03 crore for the first quarter of 2023-24 despite witnessing a 17 per cent rise in sales. The company had posted a net loss of Rs 14.76 crore in the year-ago period, according to a regulatory filing. Total income increased 17 per cent to Rs 145.45 crore during the quarter compared with Rs 124.40 crore in the year-ago period. Expenses, too, increased to Rs 171.98 crore during the quarter from Rs 141.65 crore a year ago. HOCL said it is in the process of implementing a government-approved restructuring plan. Sale of unencumbered land in Rasayani through NBCC and Panvel land through e-auction are in progress, while the Phenol plant in Kochi is in operation, it said. "In view of this, the financial statement has been prepared on a going concern basis," it said. The company also said it has undertaken the closure of its subsidiary firm Hindustan Fluorocarbons Ltd and management had m

Brigade Enterprises Q1 profit falls 56% as real estate sales drag

Real estate consulting firm Anarock said in July factors like inflation, any potential rise in interest rates and corporate layoffs could weigh on growth in the next two quarters

Oil India's Q1 profit rises marginally as lower costs outweigh rev drop

Oil India's profit fell nearly 10% from last quarter after the government slashed gas prices in April

Fintech firm MobiKwik posts first ever consolidated Q1 profit at Rs 3 cr

Unicorn Fintech firm MobiKwik on Tuesday reported its first ever consolidated profit at Rs 3 crore in the first quarter ended June 30, a senior company official said. MobiKwik Co-Founder and COO Upasana Taku told PTI that MobiKwik has become the first fintech firm to post consolidated profit and expects to maintain the momentum throughout the year. "We have registered an adjusted Earnings before interest, taxes, depreciation, and amortization (EBITDA) of Rs 13.6 crore which is 181 per cent increase on a year-on-year basis. "This is the second consecutive quarter when we have posted positive EBITDA and the first quarter when we have posted consolidated profit after tax of Rs 3 crore. We expect to continue the growth momentum and achieve full-year profitability," Taku said. Taku said that she expects other startups also to turn profitable as it will give a boost to the investment environment in the country and sentiments of investors. She said that MobiKwik has been growing consiste

Sensex ends 107 pts down post choppy day; PSBs shine, M&M, JSW Steel dip

CLOSING BELL ON AUGUST 08, 2023: The NSE Nifty 50 ended 26 points lower at 19,571. Tech Mahindra, Wipro and Bajaj twins bucked the trend and finished with notable gains on Tuesday.

NLC India climbs over 12-year peak, rallies 5% on stable outlook

The company is hopeful that the possession of the required land will be made available at the earliest and will reach to the lignite production level as per the requirement of thermal power station.