Page 86 - Q1 Results

Coromandel International posts consolidated net profit of Rs 494 cr in Q1

Coromandel's total income for the quarter ended June 2023 was also down marginally to Rs 5,738 crore versus Rs 5,783 crore for the quarter ended June 2022

Airtel Africa posts $151 million net loss in Q1; revenue rises 9.6%

Higher finance costs and June devaluation of Nigerian currency identified as contributing factors

Indian Bank Q1 results: Net profit rises 41% to to Rs 1,850 crore

In Q1 FY24, the bank's total business grew by 9 per cent to Rs 11.01 trillion, up from Rs 10.09 trillion at the end of June 2022

Bharat Electronics records 23% jump in PAT to Rs 531 crore in Q1 of FY24

'Navratna' defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of Rs 3,446.69 crore, registering a growth of 12.51 per cent during the first quarter of 2023-24 over the Rs 3,063.58 crore recorded in the corresponding period of the previous year. Profit before tax during the period stood at Rs 703.75 crore, a growth of 21.73 per cent over Rs 578.10 crore recorded in the first quarter of the previous financial year, the Bengaluru-headquartered state-owned firm said in a statement. Profit after tax (PAT) during the first quarter of 2023-24 stood at Rs 530.84 crore, up 23.02 per cent over Rs 431.49 crore recorded in the corresponding period of the previous year. The order book position of the company as on July 1, 2023, stood at Rs 65,356 crore, it was stated.

Godfrey Phillips India Q1 results: Profit up 78% to Rs 254.44 crore

The company demonstrated strong cigarette domestic volume growth and unmanufactured tobacco export growth in Q1 of FY24

IIFL Finance profit rises 43% to Rs 473 cr in Q1 on higher loan growth

IIFL Finance on Thursday reported a 43 per cent growth in net income to Rs 473 crore for the June 2023 quarter on higher loan growth led by gold and home finance. While gold loans grew 29 per cent, home finance jumped 23 per cent, and microfinance loans soared 63 per cent, and loans against property grew 54 per cent, pushing the overall loan sales by 31 per cent to Rs 68,178 crore, of which off-book assets stood at Rs 26,663 crore, up 45 per cent, the company said in a statement. Its income rose 21 per cent year-on-year to Rs 1,420 crore, the company said. Reflecting the industry trend, the company also saw its asset quality improving, with gross NPAs falling to 1.8 per cent from 2.6 per cent for the reporting quarter and net NPAs improving to 1.1 per cent from 1.5 per cent. Its provision coverage for bad loans stood at 159 per cent. The company's average borrowing cost increased by 44 bps to 9.1 per cent. As much as 96 per cent of loans are retail and 67 per cent of them (exclud

Shriram Finance Q1 net up 27%; targets Rs 2 trillion AUM by next quarter

Consolidated net interest income for the first quarter ended June 30 this year increased by 13.16 per cent and stood at Rs 4,576.6 crore as against Rs 4,044.42 crore

ACC Q1 results: Net profit jumps 105% to Rs 466 crore, revenue up 16.4%

Adani firm to not conduct separate, independent probe into Hindenburg allegations

Latent View Analytics reports Q1 consolidated PAT at Rs 32.85 crore

Global digital analytics consulting and solutions firm Latent View Analytics Ltd has reported a consolidated profit after tax for the quarter ending June 30, 2023, at Rs 32.85 crore, the company said on Thursday. The city-based company registered a consolidated net profit of Rs 31.47 crore during the corresponding period of last year. For the year ending March 31, 2023, the consolidated net profit stood at Rs 155.43 crore. Commenting on the financial performance, Chief Executive Officer Rajan Sethuraman said: "We are pleased to report another quarter of consistent growth fuelled by our continued focus on customer service, excellence, execution, and investments in building capabilities." The consolidated total income during the quarter under review grew to Rs 165.56 crore from Rs 129.73 crore recorded in the corresponding period of last year. The consolidated total income for the year ending March 31, 2023, was at Rs 594.52 crore. "Revenue grew 23.1 per cent on a year-on-year basi

AM/NS India's Ebitda up 54% due to higher steel shipments, lower costs

Crude steel production, which was at 1.8 million (mt), was 7.4 per cent higher YoY

Blue Dart Express reports over 48.4% decline in Q1 profit to Rs 62.81 cr

Aviation turbine fuel, which accounts for about 40% of operating costs for express logistics companies, corrected sequentially during the June-quarter

Indus Towers Q1FY24 results: Net profit jumps 182% YoY to Rs 1350.9 cr

The revenue from operations for Q1FY24 came in at Rs 7,075.9 crore, compared to Rs 6,897.3 crore year-on-year

IHCL Q1FY24 results: Net profit at Rs 188.21 cr; revenue up by 16.9%

The total income for Q1FY24 came in at Rs 934.94 crore, compared to Rs 788.04 crore year-on-year

Trident Group Q1FY24 results: PAT down 27% YoY, income down 10.65%

Total income for Q1FY24 came in at Rs 1,550 crore, down from Rs 1,685 crore year-on-year

Bajaj Holdings Q1FY24 results: Net profit jumps 46%, revenue up 14%

During the quarter, the consolidated profit of Bajaj Auto was up 41 per cent year-on-year to Rs 1,644 crore from Rs 1,163 crore in Q1FY23

Sensex drops 440 pts on Thursday; Nifty ends July F&O series 3.6% higher

CLOSING BELL ON JULY 27, 2023: Sectorally, auto and energy shares bore brunt of the selling, while pharma and realty stocks ended with smart gains on Thursday.

CG Power and Industrial Solutions posts consolidated net up by 56.4%

Power and industrial equipment solutions provider CG Power and Industrial Solutions Ltd has reported a 56.4 per cent rise in its consolidated profit after tax (PAT) for the quarter ending June 30, 2023, at Rs 203.84 crore, the company said on Thursday. The company, part of the diversified conglomerate Murugappa Group, reported consolidated PAT at Rs 129.93 crore registered in the corresponding period of last year. For the year ending March 31, 2023, the consolidated profit after tax stood at Rs 962.97 crore. The consolidated total income during the April-June quarter grew to Rs 1,896.15 crore, as against Rs 1,651.95 crore registered in the same period of last year. For the year ending March 31, 2023, the consolidated total income was at Rs 7,040.30 crore. The company, in a statement, said an exceptional item for the quarter represents net gain on the dissolution of one of the subsidiaries of the group -- CG Power Solutions UK Ltd.

Laurus Labs Q1FY24 results: PAT sees massive drop of 90% YoY at Rs 25 cr

Lower sales, operational deleverage and elevated expenses were listed as reasons for subdued financial performance

Birlasoft Q1 net profit rises 14% to Rs 137.5 cr, revenue rises 9%

Pune-based global IT services provider Birlasoft on Thursday reported a year-on-year increase of 14 per cent in net profit at Rs 137.5 crore for the quarter ended June 30, 2023. The company had reported a net profit of Rs 120 crore in the corresponding period last year, Birlasoft said in a regulatory filing. Revenue from operations stood at Rs 1,263 crore, up 9 per cent from Rs 1,154 crore in Q1FY23, the filing said. Sequentially, the company recorded a 23 per cent rise in net profit in the period under review, as compared to Rs 112 crore in the March quarter. "I am pleased to note that our quarterly revenue has crossed the USD 150 million mark for the first time, increasing 3.1 per cent sequentially to USD 153.6 million during Q1FY24," Chief Executive Officer and Managing Director of the company Angan Guha said. Revenue and earnings during the June quarter reflect the receipt of USD 2 million for disengagement of Birlasoft Solutions Inc and Invacare, the company declared. The co

Tech Mahindra falls 5% as Q1 disappoints Street; brokerages turn cautious

In the recently concluded quarter, the company's revenue declined 4.1 per cent quarter-on-quarter (QoQ) to Rs 13,159 crore, as against Street estimate of flat QoQ growth