Page 84 - Q1 Results

Nazara Tech jumps 5% on strong Q1 results; stock up 20% so far in 2023

In the recently concluded quarter, Nazara's revenue from operations climbed 14 per cent YoY to Rs 254.4 crore. However, a sequential decline of 12 per cent was seen from Rs 289.32 crore in Q4FY23

ACC hits 5-month high; rallies 14% in 6 days on robust Q1 results

Management expects Ebitda growth to sustain with further improvement expected due to various efficiency and operational initiatives

Five-Star Business Finance zooms nearly 20% on strong Q1 show

The stock has now rallied 83 per cent from its IPO price of Rs 474 per share in less than nine months.

Stocks to Watch today, July 31: Adani Green, Maruti, Power Grid, NTPC, PEL

Stocks to Watch on Monday, July 31: Adani Green, Adani Transmission, GAIL India, Go Fashion (India), and Maruti Suzuki are among top companies due to report their Q1FY24 earnings today

JTL Industries' Q1 profit more than doubles to Rs 25 cr on higher revenues

Steel pipes maker JTL Industries Ltd's consolidated net profit has more than doubled to Rs 25.37 crore during June quarter, on account of higher revenues. It had clocked a net profit of Rs 12.08 crore during the April-June period of the preceding 2022-23 fiscal, the company said in a regulatory filing on Saturday. The company's revenues from operations also rose by 37 per cent to Rs 504.80 crore, from Rs 368.03 crore in the year-ago quarter. Expenses were at Rs 471.66 crore, as against Rs 354.46 crore. JTL Industries Ltd (formerly known as JTL Infra Ltd) is the largest producer of electric resistance welded (ERW) steel pipes in India, with a capacity to produce more than 6 lakh metric tons per annum. The company also exports its products to various offshore markets.

IDFC First Bank Q1FY24 results: Net profit rises 61% YoY at Rs 765 cr

Its net interest income grew by 36 per cent YoY from Rs 2,751 crore in Q1FY23 to Rs 3,745 crore in Q1FY24

NTPC consolidated net profit rises 23% to Rs 4,907 cr in June quarter

State-owned power giant NTPC on Saturday posted over 23 per cent rise in consolidated net profit at Rs 4,907.13 crore for June quarter 2023-24. In the year-ago period, net profit was Rs 3,977.77 crore, NTPC said in a BSE filing. Total revenue from operations dipped slightly to Rs 43,390.02 crore from Rs 43,560.72 crore in the same period a year ago. "NTPC Group generated 103.98 Billion Units in Q1 FY24 as compared to 104.42 Billion Units in Q1 FY23. NTPC's standalone gross generation in Q1 FY24 is 88.55 Billion Units as compared to 90.49 Billion Units in the corresponding previous period," it said. NTPC coal stations achieved a plant load factor (capacity utilisation) of 77.43 per cent as against the national average of 70.38 per cent during Q1 FY24. On a standalone basis, total income of NTPC in Q1 FY24 was Rs 39,681 crore as against Rs 40,726 crore earlier. Profit After Tax (PAT) on standalone basis was Rs 4,066 crore as against Rs 3,717 crore in Q1 FY23, registering an incre

IDFC FIRST Bank net profit increases by 61% at Rs 765 cr in June quarter

IDFC FIRST Bank on Saturday said its net profit rose by 61 per cent year-on-year to Rs 765 crore in the April-June quarter this year mainly driven by strong growth in core operating income. The bank's net profit for the April-June quarter of 2022-23 was Rs 474 crore. "Core operating profit (pre-provision operating profit excluding trading gains) grew strongly by 45 per cent Y-o-Y from Rs 987 crore in Q1-FY23 to Rs 1,427 crore for the quarter Q1-FY24," the bank said in a statement. The bank's net interest income (NII) grew 36 per cent to Rs 3,745 crore in the first quarter of the current fiscal compared to Rs 2,751 crore in the year-ago period. Its Gross NPA improved to 2.17 per cent as of June 30, 2023, from 3.36 per cent as of end-June 2022. Net NPAs of the bank improved to 0.70 per cent at end-June 2023 from 1.30 per cent at June 30, 2022. Commenting on the result, V Vaidyanathan, Managing Director and CEO, IDFC FIRST Bank, said, "We continue to build a strong franchise with a h

Chalet Hotels' revenue rises 21% to Rs 310 cr, ARR grows 38% to Rs 10,217

The hospitality revenue came in at Rs 280 crore, up 23 per cent YoY

Piramal Enterprises logs consolidated net profit of Rs 509 crore in Q1

Piramal Enterprises will buy back its equity shares valued upto Rs 1,750 crore for effective utilisation of capital and creating long term value for stakeholders

Marico Q1FY24 results: Net profit of FMCG giant rises 13.5% to Rs 436 crore

The revenue from operations was down 3.16% to Rs 2,477 crore from Rs 2,558 crore last year

High cotton prices, dull demand to keep textile stocks in check: Analysts

With cotton prices at home on the higher end versus global markets, analysts believe that the disparity is affecting India's global competitiveness in the near-term

Route Mobile net profit increases 29% to Rs 92 crore in June quarter

Enterprise communications firm Route Mobile on Friday posted a 29 per cent increase in consolidated net profit to Rs 91.69 crore in the June quarter. Route Mobile had registered a profit of Rs 71 crore in the same period a year ago. The consolidated revenue from operations grew about 32 per cent to Rs 961.34 crore during the first quarter of the current fiscal from Rs 729 crore a year ago, according to an exchange filing. "We are well on track to achieve our revenue growth guidance for 2023-24. We have seen robust growth in CPaaS (Communications platform as a service) and Firewall business with the signing of large contracts," Route Mobile Managing Director and Group Chief Executive Officer Rajdipkumar Gupta said. Route Mobile has set a target to become a billion-dollar revenue company over the next 3-4 years, Gupta said, adding that the company will also continue to gain significant market share in the country.

LT Foods Q1 net profit rises 44% to Rs 137.4 cr on improved margins

Consumer food company LT Foods on Friday clocked a 44 per cent jump in consolidated net profit at Rs 137.44 crore in the first quarter of the current fiscal, mainly on account of improved margins. The company had posted a net profit of Rs 95.16 crore in the same quarter a year ago. Total income in the June quarter increased to Rs 1,778.07 crore from Rs 1,611.10 crore in the year-ago period, according to a regulatory filing. Expenses remained higher at Rs 1,621.91 crore as against Rs 1,490.52 crore in the said period. The company said its core 'Basmati and other specialty rice' business increased during the quarter by 24 per cent on a year-on-year (y-o-y) basis due to higher investment in brand and marketing, along with subsequent gain in market share. Revenue from the health and convenience segment comprising Daawat Sehat, Royal Ready-to-Heat, Daawat Cuppa Rice, Daawat Saute Sauces and Kari Kari stood at Rs 41 crore in the June quarter. However, the company witnessed a decline in

Nazara Tech's Q1 profits surge 31% to Rs 20.9 crore, revenue up 14%

In the previous quarter, the firm's profit after tax stood at Rs 9.37 crore

India Grid Trust net profit rises by 29% to Rs 107 cr in June quarter

India Grid Trust (IndiGrid) on Friday reported over 29 per cent rise in consolidated net profit to Rs 107.18 crore in the June 2023 quarter, helped by higher income. It had posted a consolidated net profit of Rs 83.07 crore in the same period of 2022-23, the company said in a regulatory filing on Friday. The total income increased to Rs 654.53 crore from Rs 586.46 crore in the year-ago quarter. The Board of Directors of IndiGrid Investment Managers Ltd (IIML) acting in the capacity of Investment Manager to India Grid Trust approved the declaration of Q1 FY24 distribution of Rs 3.45 per unit comprising Rs 3.1759 per unit in the form of interest, Rs 0.0611 per unit in the form of dividend, Rs 0.2010 per unit in the form of principal payment and Rs 0.0120 in the form of other income. The record date for this distribution will be August 3, 2023, and payment will be made on or before August 12, 2023.

Star Health Insurance net profit increases 35% to Rs 288 cr in Q1

Star Health and Allied Insurance on Friday reported a 35 per cent increase in net profit to Rs 288 crore for the June 2023 quarter. The standalone health insurer posted a net profit of Rs 213 crore during the April-June period of 2022-23. The company's total income during the June quarter rose to Rs 3,190 crore against Rs 2,809 crore in the year-ago period, Start Health said in a regulatory filing. Gross written premium increased to Rs 2,949 crore in Q1 FY24 compared to Rs 2,464 crore in the same period a year ago.

Jaiprakash Power Ventures net profit declines 20% to Rs 191 cr in Q1

Jaiprakash Power Ventures Ltd (JPVL) consolidated net profit fell over 20 per cent to Rs 191.65 crore in the June 2023 quarter, mainly due to lower revenues. The consolidated net profit of the company was Rs 241.96 crore in the quarter ended June 30, 2022, a BSE filing showed. Its total income declined to Rs 1,714.75 crore in the quarter from Rs 1,829.35 crore in the same period a year ago.

BOI Q1FY24 results: Net profit jumps 176% YoY to Rs 1,551 cr; GNPA down 22%

The net NPA for Q1FY24 came in at Rs 8,119 crore, as compared to Rs 9,775 crore YoY

Sensex trims losses, ends 107 pts down; Nifty below 19,650; NTPC soars 4%

CLOSING BELL ON JULY 28, 2023: NTPC and PowerGrid were the major gainers among the Sensex 30 stocks, while Bajaj Finserv and HDFC Bank declined up to 2 per cent on Friday.