Page 87 - Q1 Results

Shriram Finance reports 26.6% jump in Q1 net profit at Rs 1,712.19 cr

Shriram Finance Ltd, the flagship company of diversified conglomerate Shriram Group, on Thursday reported a 26.6 per cent jump in its consolidated net profits for the April-June 2023 quarter at Rs 1712.19 crore, the company said. The company registered a consolidated net profit at Rs 1,351.62 crore during the corresponding quarter of last year. For the year ending March 31, 2023, the consolidated net profit was Rs 6,020.03 crore. The consolidated total income during the quarter under review grew to Rs 8,292.53 crore from Rs 7,138.25 crore registered a year ago. For the year ending March 31, 2023, the consolidated total income was at Rs 30,508.39 crore. In a statement, the company said its consolidated Net Interest Income for the quarter increased to Rs 4,576.61 crore as against Rs 4,044.42 crore registered in the same period of last year. The consolidated EPS (earnings per share) Basic increased by 26.12 per cent and stood at Rs 45.53 as compared to Rs 36.10 recorded in the same

ACC Q1FY24 results: Net profit jumps 105% YoY to Rs 466 cr, revenue up 16%

ACC Ltd said that it expects the positive trend of the industry to continue in the coming quarter

Dr Lal Pathlabs Q1FY24 result: Profit up 17% YoY; Rs 6 dividend declared

The total income for Q1FY24 came in at Rs 495.1 crore, compared to Rs 459.3 crore year-on-year

Indian Bank Q1FY24 result: Net profit at Rs 1,708 cr YoY; income up 25.5%

On a quarter-on-quarter basis, the total income was up 3.65%. It was Rs 14238.29 crore in Q4FY23

Ujjivan Bank Q1FY24 results: Net profit rises 59% YoY; income up 42.1%

On a quarter-on-quarter basis, the total income was up 7.34%. It was Rs 1,363.89 crore in Q4FY23

Bajaj Finserv Q1 results: Net profit jumps 48.3% YoY to Rs 1,942.63 crore

The company's revenue from operations rose nearly 46.5% YoY to Rs 23,279.98 crore from Rs 15.888.26 crore last year

Tata Teleservices (Maharashtra) Q1FY24 result: Net loss at Rs 301.18 crore

The revenue from operations for Q1FY24 came in at Rs 285.51 crore, compared to Rs 266.48 crore year-on-year

Nestle India Q1FY24 result: Net profit up 36% on strong domestic demand

On a quarter-on-quarter basis, the revenue for operations was down 3.56%. It was Rs 4,830.53 crore in Q4FY23

Cipla surges 9% on strong Q1 results, raises FY24 margin guidance

For FY24, Cipla raised its EBITDA margin guidance to 23 per cent from 22 per cent earlier.

Stocks to Watch: Tech M, Axis Bank, Dr Reddy's, RVNL, M&M, RBL Bank, AMCs

Stocks to watch on July 27, 2023: The govt is going to sell up to a 3.4 per cent stake in Rail Vikas Nigam with an option to additionally sell 1.96 per cent stake via an OFS

Hyundai, Rolls-Royce profit increases; LVMH sales fail to impress

Boeing flipped to a $149 million loss in the second quarter despite higher revenue, as the plane maker struggled with higher costs in both its airline and defense business

BPCL reports profit after tax at Rs 10,644 crore in Q1, beats estimates

Company recorded a loss of Rs. 6,148 crore in the year-ago period

PNB Q1 Result: Net soars 307% to Rs 1,255 crore on interest income

Sequentially, the net profit of the Delhi-based public lender jumped 8.3 per cent from Rs 1,159 crore reported in the 2022-23 January-March quarter

Bajaj Finance Q1 results: Net profit climbs to 32% on healthy NII

Guides for 29-31% growth in assets in FY24

Axis Bank Q1 net profit jumps 41% to Rs 5,797 crore, asset quality improves

Amitabh Chaudhry, managing director and chief executive officer, Axis Bank, mentioned that there is a visible improvement in the quality of the deposit franchise

Dr Reddy's Laboratories Q1 PAT up 18% to Rs 1,402 cr on India, Russia biz

With cash surplus of Rs 4980 crore, pharma major looking at inorganic opportunities

Tech Mahindra Q1FY24 net profit down by 38.8% YoY at Rs 692.5 crore

Misses estimates on revenue and net profit

Shree Cement Q1 profit doubles to Rs 572.3 crore on a higher revenue

Shree Cement lines up Rs 7,000 cr capex push

Shanthi Gears Ltd report 34.8% rise in its PAT for Q1 at Rs 18.12 cr

Gear and gear products maker Shanthi Gears Ltd has reported a 34.8 per cent rise in its profit after tax for the April-June 2023 quarter at Rs 18.12 crore. The Coimbatore-based firm, part of the diversified conglomerate Murugappa Group, had registered a profit after tax (PAT) at Rs 13.44 crore during the corresponding quarter of last year. For the year ending March 31, 2023, the PAT stood at Rs 67.05 crore. The total income during the quarter under review grew to Rs 125.44 crore from Rs 100.99 crore registered in the same period of last year. For the year ending March 31, 2023, the total income of the company was at Rs 456.89 crore. In a statement, the company said the focus on cost optimisation and lower capital employed enabled it to sustain a healthy Return On average Invested Capital (ROIC) to 54 per cent during the quarter under review. The company generated free cash flow of Rs 34.3 crore during the quarter ending June 30, 2023, the statement said.

NBFC REC posts 21% increase in Q1 profit, gross NPA falls to 4.44%

As compared to last quarter, the profit has slipped marginally by 1 per cent