Page 81 - Q1 Results

Pricol Ltd reports 55% rise in consolidated Q1 profit at Rs 31.93 cr

Auto components maker Pricol Ltd has reported a 55 per cent rise in its net profit for the April-June 2023 quarter at Rs 31.93 crore, the Tamil Nadu-based company said on Wednesday. The firm had registered a consolidated net profit of Rs 20.59 crore registered in the same period of last year. For the year ended March 31, 2023, the consolidated profit was Rs 124.68 crore, PRICOL Ltd said in a statement. "With a strategic vision, collective efforts, and unwavering support of our team, we have reported a sharp increase in the revenue this quarter and achieved the highest ever topline in Q1 in the history of our company," Managing Director Vikram Mohan said about the financial performance. Total income during the April-June 2023 quarter went up to Rs 540.05 crore from Rs 446.44 crore registered in the same period of last year. For the year ended March 31, 2023, the consolidated total income was Rs 1,963.14 crore. "The numbers are also higher than the revenue reported during Q4 in the

Mankind Pharma PAT up 66% in Q1 to Rs 494 crore on revenue growth

Juneja also highlighted a 43 per cent YoY increase in Ebitda as a positive outcome of the company's previous initiatives to improve profitability

Ambuja Cements consolidated Q1 PAT up 20% on better operational performance

Ambuja Cements said sustained volume growth was supported by increase in blended cement and improvement in efficiency parameters

Carborundum Universal reports 36.9% jump in Q1 net profit to Rs 117.76 cr

Abrasives and industrial ceramics-maker Carborundum Universal Ltd (CUMI) has reported a net profit of Rs 117.76 crore for the April-June 2023 quarter up by 36.9 per cent on account of strong growth recorded across business verticals, the company said on Wednesday. The Chennai-based company, part of the diversified conglomerate Murugappa Group, had registered a consolidated net profit of Rs 85.99 crore. For the year ending March 31, 2023, the consolidated net profit was at Rs 441.70 crore. The consolidated total income during the April-June 2023 quarter grew to Rs 1,234.13 crore from Rs 1,164.70 crore registered in the corresponding period of last year. For the full year ended March 31, 2023, the consolidated total income was Rs 4,731.01 crore. In a statement, the company said consolidated sales for the quarter ending June 30, 2023, increased to Rs 1,191 crore from Rs 1,129 crore recorded in the same period of last year. This was attributed to strong performance across business ..

IndiGo reports highest-ever profit of Rs 3,091 cr in Q1FY24, revenue up 30%

IndiGo Q1FY24 results: Sequentially, the profit jumped 236 per cent from Rs 919.8 crore profit

Goodyear India's Q1 profit rises as low rubber prices offsets weak demand

Rubber prices, a key raw material for the tyre industry, have fallen by about 20%-25% over the last year through May, according to HDFC Securities

Hindustan Petroleum results: Net profit at Rs 6,765 cr; income down 1.6%

The total income for Q1FY24 came in at Rs 1,19,761.74 crore, compared to Rs 1,21,829.51 crore year-on-year

Tempe-controlled logistics services provider Snowman Q1 PAT at Rs 4 cr

Integrated temperature-controlled logistics services provider Snowman Logistics on Wednesday said its Profit After Tax (PAT) doubled to Rs 3.89 crore in June quarter 2023-24. The company's PAT stood at Rs 1.89 crore during the first quarter of FY23, Snowman Logistics said in a statement. The company also announced around Rs 200 crore capex to be spent over the next 24 months, both from its internal accruals and debt. During the quarter, revenue grew to Rs 128.77 crore as compared to Rs 87.29 crore in the year-ago period, it said. Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for June quarter increased to Rs 25.42 crore from Rs 21.26 crore. "All our addition of capacities in last year have been fully utilised and we are adding to our revenue and profit. We are also experiencing robust growth plans by our key customers, giving us confidence in continuing our investments in expansion," Sunil Nair, CEO at Snowman Logistics, said. The company continues to boo

Indian Overseas Bank records 28% rise in Q1 net profit to Rs 504 crore

The Chennai-based bank's total business increased to Rs 4.56 trillion as on June 2023, up from Rs 4.24 trillion in June 2022

Aditya Birla Capital's consolidated net profit up by 51% in June quarter

The company's asset quality improved, with gross non-performing assets (NPAs) falling to 2.6% in June 2023, compared to 3.7% a year earlier

Strides Pharma Science consolidated net loss narrows to Rs 9 cr in Q1

Strides Pharma Science on Wednesday reported narrowing of consolidated net loss at Rs 9.36 crore for the first quarter ended June 30, 2023. The company had posted a net loss of Rs 135.33 crore for the year-ago period, Strides Pharma Science said in a regulatory filing. Revenue from operations in the period under review stood at Rs 929.99 crore as compared to Rs 940.07 crore in the year-ago period. Total expenses were lower at Rs 899.41 crore as compared to Rs 994.86 crore earlier, the company said. "The regulated markets grew by 25 per cent year-on-year (YoY) with the US growing by 32 per cent YoY and Other Regulated markets growing by 15 per cent YoY. The growth is driven by a disciplined approach on product launches and sustainable market share on existing products," Strides Pharma Science Founder, Managing Director, and Executive Chairperson, Arun Kumar said. Emerging markets' performance had a slow start and is expected to gain traction during the year, he added. In a separa

UGRO Capital profit rises 245% in Q1 helped by robust loan disbursement

DataTech lending platform UGRO Capital on Wednesday said its profit after tax rose 245 per cent to Rs 25.2 crore in the April-June quarter, helped by robust loan disbursement. The non-banking finance company, which focuses on borrowers from the micro, small and medium enterprises (MSME) segment, had reported a Profit After Tax (PAT) of Rs 7.3 crore in the year-ago period. "The company's investment in distribution channel, large lender base and data driven underwriting model has stabilised monthly AUM increase of Rs 500-plus crore per month," UGRO Capital said in a release. The company's Asset Under Management (AUM) surged to Rs 6,777 crore as on June 2023, up 85 per cent from the year-ago period. The disbursement rose by 50 per cent to Rs 2,036 crore during the reporting quarter, which also improved the net income to Rs 125.6 crore. Its total income stood at Rs 218.3 crore in the first quarter of FY24, up 79 per cent year-on-year, while Gross Non-Performing Assets (GNPA) stood at

Titan Company Ltd Q1FY24 results: Net profit at Rs 756 cr; revenue up 25%

The total income for Q1FY24 came in at Rs 12,011 crore, compared to Rs 9,487 crore year-on-year

Rising costs eat away KFC operator Sapphire Foods India's Q1 profit

India is reeling under rising prices of essentials as rains have disrupted supplies, with companies including Domino's flagship inflation-buster Rs 49 pizza being re-engineered by cutting price

Indian Overseas Bank net profit increases 28% to Rs 500 crore in Q1

State-owned Indian Overseas Bank (IOB) on Wednesday posted a 28 per cent increase in net profit at Rs 500 crore in the June quarter, mainly due to a decline in bad loans. The Chennai-based lender had posted a net profit of Rs 392 crore in the year-ago period. The total income in the first quarter of the current fiscal rose to Rs 6,227 crore against Rs 5,028 crore, IOB said in a regulatory filing. The lender's interest income also increased to Rs 5,424 crore from Rs 4,435 crore in the same quarter a year ago. On the asset quality side, the bank witnessed an improvement with the gross Non-Performing Assets (NPAs) easing to 7.13 per cent of the gross advances by June 2023 as against 9.12 per cent a year ago. The net NPA too declined to 1.44 per cent over 2.43 per cent in the same period of the previous financial year. However, provisions for bad loans increased to Rs 809 crore as compared to Rs 133 crore a year ago. Provision Coverage Ratio is improved to 94.03 per cent as on June

Sensex sinks 677pts, Nifty nears 19,500 amid global rout; all sectors bleed

CLOSING BELL on August 2, 2023: Equity markets roiled under global pressure on Wednesday after rating agency Fitch downgraded credit rating of the US

Aditya Birla Capital Q1FY24 results: Net profit jumps 51% YoY to Rs 648 cr

The total income for Q1FY24 came in at Rs 9.82 crore, compared to Rs 7.98 crore year-on-year

Sun Pharma Q1 profit may be weighed by weak US generic sales and Taro nos

Sun Pharma Q1 results: The company's Q1 net profit could dip fractionally by 0.15 per cent to Rs 2,058 crore against Rs 2,061 crore reported a year ago

Godrej Properties Q1FY24 results: Net profit at Rs 121 cr; revenue up 44%

The total income for Q1FY24 came in at Rs 567.51 crore, compared to Rs 439.29 crore year-on-year

Orient Electric Ltd Q1FY24 results: Net profit at Rs 19 cr; revenue up 13%

The company's digital revenue recorded growth of 58 per cent YoY