Page 83 - Q1 Results

Adani Green Energy Q1FY24 results: Net profit jumps 50% to Rs 322 crore

The cash profit was up 55 per cent to Rs 1,051 crore from Rs 680 crore in the June quarter last year

Powergrid Q1 profit falls 5% to Rs 3,597 cr on subdued transmission demand

Power Grid Corporation of India Ltd (Powergrid) on Monday posted over a 5 per cent decline in consolidated net profit to Rs 3,597.16 crore due to increased finance costs. It had reported a net profit of Rs 3,801.29 crore during the April-June period of the preceding 2022-23 fiscal, the company said in a regulatory filing. The company's total income, however, rose to Rs 11,257.60 crore from Rs 11,168.54 crore in the year-ago quarter. Finance cost increased to Rs 2,057.23 crore from Rs 1,959.70 crore a year ago. In a separate statement, the company said it incurred a capital expenditure of Rs 1,506 crore during Q1 FY24. The company's gross fixed assets on a consolidated basis stood at Rs 2,70,757 crore as of June 30, 2023, against Rs 2,64,838 crore a year ago. During the quarter, the company, along with its subsidiaries, added 4,435 MVA (Mega Volt Amp) transformation capacity, two GIS sub-stations and 1,428 ckm transmission lines. As on June 30, 2023, the total transmission assets

UBS 'double upgrades' Gail India to buy; sees 25% upside in the stock

At the bourses, the stock surged over 3 per cent in intra-day deals to Rs 122.7 on the BSE on Monday. In comparison, the S&P BSE Sensex traded flat at around 66,245 levels

Best Agrolife consolidated net profit jumps to Rs 90.5 cr in June quarter

Agro chemical firm Best Agrolife Ltd on Monday reported an over two-fold jump in its consolidated net profit at Rs 90.5 crore for the June quarter of the current fiscal. Its net profit stood at Rs 40.12 crore in the year-ago period. Total income rose to Rs 616.75 crore in the April-June period of 2023-24 fiscal from Rs 464.07 crore in the corresponding period a year ago, according to a regulatory filing. Vimal Kumar, Managing Director of Best Agrolife Ltd, said the company has achieved remarkable growth momentum, with revenue from operations growing by 32 per cent despite the headwinds that the agrochemicals industry has been facing. "Additionally, our EBITDA margins of 21 per cent can be attributed to the increasing contribution of speciality, niche, and patented products to our overall revenue," he said.

Adani Energy Solutions Q1 results: Net profit dips 5.9% to Rs 175.1 crore

The company reported double-digit growth in revenue, while other income slipped significantly

GAIL Q1 results: Consolidated net profit falls 45% to Rs 1,792 crore

Sequentially, its net profit rose 179 per cent, up from Rs. 604 crore

IRB Infrastructure Developers Q1 net profit falls to Rs 134 crore

IRB Infrastructure Developers on Monday posted a 63 per cent fall in its profit after tax to Rs 133.77 crore during the April-June quarter, dragged by lower income. It had reported a net profit of Rs 363.19 crore during the April-June period last year, the company said in a regulatory filing. The company's total income in the first quarter (Q1) of the current fiscal also fell to Rs 1,745.47 crore from Rs 1,995.40 crore a year ago. In a statement, company Chairman and Managing Director Virendra D Mhaiskar said the company commenced 2023-24 on a positive note and expects to continue to witness robust momentum in toll collection. He added, Recently added projects of Hyderabad ORR TOT (outer ring road toll-operate-transfer) and Samakhiyali to Santalpur BOT (build operate and transfer) project are set to commence during Q2 and will meaningfully contribute to both, toll collection as well as construction segment, Q3 onwards." The toll collection for the April-June period was Rs 1,183 cr

Oberoi Realty Q1 profit falls 20.2% on fewer bookings, higher costs

Meanwhile, total expenses surged by nearly 10% driven by a spike in operating costs

Dhanlaxmi Bank Q1 net profit at Rs 28 cr due to decline in bad loans

Private sector Dhanlaxmi Bank on Monday recorded a net profit of Rs 28.30 crore in the April-June quarter, mainly due to a decline in bad loans. The lender had posted a net of Rs 26.43 crore in the year-ago period. The total income in the first quarter of the current fiscal rose to Rs 5,857 crore against Rs 3,797 crore, UCO Bank said in a regulatory filing. The lender's interest income also increased to Rs 341.40 crore from Rs 236.82 crore in the same quarter a year ago. On the asset quality side, the bank witnessed improvement with the gross non-performing assets (NPAs) easing to 5.21 per cent of the gross advances by June 2023 from 6.35 per cent a year ago. The net NPA too declined to 1.09 per cent against 2.69 per cent in the year-ago period. However, provisions for bad loans increased to Rs 27.64 crore as compared to Rs 21.41 crore in FY23. Provision Coverage Ratio of the bank stood at 90.79 per cent as of June 2023. The capital adequacy ratio of the bank improved to 12.57

Bajaj Hindusthan Sugar net loss at Rs 75 cr in Q1 on lower revenue

Bajaj Hindusthan Sugar Ltd on Monday reported a consolidated net loss of Rs 74.69 crore in the June quarter on lower revenue. The company had posted a net loss of Rs 44.91 crore in the year-ago period. Total income fell to Rs 1,363.36 crore in the April-June period of 2023-24 fiscal from Rs 1,537.71 crore in the corresponding period of FY23. Bajaj Hindusthan Sugar Ltd is India's leading sugar and ethanol manufacturing company. Part of the Bajaj Group (Kushagra), the company has 14 sugar plants, all located in Uttar Pradesh. The plants have an aggregate sugarcane crushing capacity of 1,36,000 tonnes crushed per day and alcohol distillation capacity of 800 kilolitres per day.

OYO's adjusted Ebitda grew 25x to Rs 175 cr in Q1 FY24, says CEO

Hospitality firm added more than 1,000 hotels and 3,500 homes to its platform in Q1 FY24: Ritesh Agarwal

Castrol India logs 9% growth in PAT at Rs 225 crore in June quarter

Lubes maker Castrol India on Monday reported a 9 per cent growth in profit after tax at Rs 225 crore in the June quarter. The company had posted a profit after tax (PAT) of Rs 206 crore a year ago. The revenue from operations during the second quarter of the current calendar year stood at 1,334 crore, compared to Rs 1,242 crore in the year-ago period, the company said in a statement. Castrol India follows the January-December calendar year (CY) for its financial reporting. In the last quarter, we focused on achieving growth through increased volume. Despite challenges, we flourished, showcasing resilience and innovation in products and services, said Sandeep Sangwan, managing director, Castrol India Limited. During the quarter, Sangwan said, the company expanded its portfolio by entering the auto care range and launching new products, and tie-ups with some organisations strengthened the market position. Our success is attributed to a robust supply chain and customer-centric servi

Petronet LNG Q1FY24 results: Net profit at Rs 789 cr YoY; revenue down 18%

The total income for Q1FY24 came in at Rs 11,802.79 crore, compared to Rs 14,405.58 crore YoY

Sensex up 367 pts, Nifty holds 19,750; metal, IT stocks shine; FMCGs slide

Closing Bell on July 31: NTPC, Power Grid, Tata Steel, TCS, Tech M, JSW Steel, Maruti Suzuki, Tata Motors, Wipro, Bajaj Finserv, Infosys, HCL Tech, and IndusInd Bank were the top gainers

UPL Q1FY24 results: Net profit drops 81% YoY to Rs 166 cr, revenue down 17%

UPL reported Rs 8,963 cr in revenue with India accounting for Rs 2,054 crore of the total revenue. Ebitda down 32% at Rs 1,593 cr

Adani Energy Solutions Q1FY24 results: Net profit dips 5.9% to Rs 175 crore

As compared to Rs 389.45 crore in the quarter that ended on March 31, the net profit was down 55 per cent

GAIL (India) Q1FY24 result: Net profit at Rs 1,412 cr YoY; revenue down 14%

The total income for Q1FY24 came in at Rs 32,495.07 crore, compared to Rs 37,751.91 crore YoY

Welspun India soars 13%, hits 52-week high on 7x YoY jump in Q1 PAT

So far this calendar year 2023 (CY23), the stock has rallied over 45 per cent, as against an 8 per cent jump in the S&P BSE Sensex

SBI Q1FY24 preview: Analysts see profit surging up to 169% YoY; here's why

SBI Q1 preview: The net profit estimates for Q1FY24 range from Rs 13,760 crore to Rs 16,340 crore

GoFirst insolvency, high fares to drive IndiGo's turnaround in Q1: Analysts

IndiGo Q1 preview: Besides these two factors, analysts believe, strong passenger traffic growth, coupled with high airfares, would also support the Q1FY24 earnings