Page 88 - Q1 Results

Colgate-Palmolive Q1FY24 results: PAT at 30.5 % YoY at Rs 273.7 crore

Net sales growth of 10.8 per cent YoY at Rs 1,314.7 crore

SIS logs 8% rise in net profit to Rs 90 cr aided by increase in revenue

SIS Ltd on Wednesday reported an 8 per cent rise in net profit to Rs 90 crore for the first quarter ended June 30, aided by increase in revenue. The company had posted a net profit of Rs 83 crore in the April-June quarter of the preceding fiscal. Its revenue from operations for the quarter increased by 11 per cent to Rs 2,976.7 crore from Rs 2,678.2 crore a year ago, the multinational firm in security, facility management and cash logistics solutions said in a statement. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) or operating profit rose by 15 per cent to Rs 139 crore as against Rs 121 crore in the same quarter a year ago. SIS Group managing director Rituraj Sinha said, "The first quarter results signal a solid start to FY'24. Trend of last few quarters demonstrates that growth is back across segments. Margin improvement actions are also yielding results." The cash logistics segment continues its strong revenue growth of 24 per cent over the same quar

Jindal Stainless posts 50% jump in Q1 profit on robust domestic demand

Domestic sales grew 54% year-on-year owing to the pre-festive season demand, which picked up in consumer segments, the company said in a statement

Tata Consumers Q1FY24 result: Net profit at Rs 285.45 cr; revenue up 11.5%

The company's coffee business in Q1FY24 continued its strong performance with a revenue growth of 21% YoY

Indian Metals & Ferro Alloys Q1 net profit falls 17.8% to Rs 110 cr

Indian Metals & Ferro Alloys Ltd (IMFA) on Wednesday posted a 17.80 per cent fall in its net profit to Rs 110 crore in the June 2023 quarter on lower income. It had posted a net profit of Rs 133.83 crore in the year-ago period, the company said in a statement. The company's revenues also trimmed to Rs 701.73 crore from Rs 743.42 crore in the year-ago quarter. "Despite softening commodity prices, the Q1 FY24 result is robust as we have benefited from lower input costs primarily, thermal coal and metallurgical coke. While there are global headwinds, the ongoing power crisis in South Africa, along with stimulus measures to boost the Chinese economy, is expected to support the ferrochrome prices," IMFA Managing Director (MD) Subhrakant Panda said. The expansion project in Kalinganagar, Odisha, is on track with the public hearing being conducted successfully recently. IMFA is also in active discussions to tie up for hybrid renewable energy to meet its requirement for the project and ...

REC posts 21% rise in Q1 profit aided by interest income on loan assets

Interest income on loan assets, which accounts for 94.4% of revenue from operations, rose nearly 13% to Rs 10,465 cr

Axis Bank Q1FY24 results: Net profit up 40.5% YoY, gross NPAs down to 1.96%

Axis Bank's balance sheet grew 13% YOY and stood at Rs 1.3 trillion as on June 30

Dr Reddy's Labs Q1FY24 results: Net profit up 18% YoY to Rs 1,402.5 cr

As compared to Rs 959.2 crore in the quarter that ended on March 31, the net profit was up 46%

Deepak Fertilisers & Petrochem Corp Q1 profit down 74% to Rs 114 cr

Deepak Fertilisers and Petrochemicals Corporation on Wednesday reported 74 per cent decline in consolidated net profit to Rs 113.62 crore for the first quarter of this fiscal year. Its net profit stood at Rs 435.66 crore in the year-ago period. Total income also fell to Rs 2,333.38 crore during June quarter 2023-24 from Rs 3,042.28 crore in the year-ago period. The company also announced that its Chief Financial Officer Amitabh Bhargava will relinquish his post with effect from close of working hours on July 31. He has been appointed as President and Chief Strategy Officer with effect from August 1. The board approved appointment of Deepak Rastogi as President and Chief Financial Officer of the company with effect from August 1 in place of Amitabh Bhargava.

Sensex snaps 3-day losing streak, ends 351 pts up; L&T, RIL, ITC shine

CLOSING BELL ON JULY 26, 2023: The NSE Nifty rallied 98 points to 19,778; IT and bank stocks gained ground, while M&M and Bajaj twins slipped on Wednesday.

Tech Mahindra Q1FY24 results: Net profit falls 38.8% YoY to Rs 692.5 crore

At the end of the quarter, the company's headcount stood at 148,297. It was down 4,103 as compared to the March quarter

GlaxoSmithKline Pharma consolidated Q1 net profit rises 11% to Rs 132 cr

GlaxoSmithKline Pharmaceuticals on Wednesday said its consolidated net profit increased by 11 per cent to Rs 132 crore for the first quarter ended June 30. The drug maker had reported a net profit of Rs 119 crore in the April-June quarter of the last fiscal. Its total income rose to Rs 798 crore in the first quarter against Rs 773 crore in the year-ago period, GlaxoSmithKline Pharmaceuticals said in a regulatory filing. "Despite the strong external headwinds, GSK remains focused on delivering best-in-class competitive performance and driving operational efficiencies. We remain committed to explore new growth opportunities and improving our leadership in key therapy areas," GlaxoSmithKline Pharmaceuticals MD Bhushan Akshikar said. Shares of the company were trading 0.3 per cent down at Rs 1,399.20 apiece on the BSE.

Cipla Q1FY24 result: Net profit at Rs 895.02 crore; revenue up by 12.2%

The company's One-India business grew by 12 per cent YoY. Their US business reported highest-ever revenue of $222 million and 43 per cent YoY growth

BPCL Q1FY24 result: Net profit at Rs 10,644.30 cr; revenue down by 7.3%

Sequentially, the net profit was up 54.9%; in Q4FY23, the net profit of the company was Rs 6,870.47 crore

Bajaj Finance Q1FY24 results: PAT rises 32% YoY to Rs 3,437 crore

Bajaj Finance's total revenue from operations grew 34.6% YoY to Rs 12,497.81 crore from Rs 9,284.26 crore

PNB Q1FY24 results: Net profit up 307% to Rs 1,255.4 cr YoY, GNPAs at 7.73%

PNB's net NPAs also declined to 1.98% in the June quarter from 2.72% in the previous quarter

Shree Cement to invest Rs 7,000 crore to add 12 million tonnes of capacity

The company has also decided to diversify into ready mix concrete business and will start setting up five RMC units in the country by the end of this financial year

Jubilant Foodworks Q1FY24: Net profit down by 74% YoY, revenue up 6.3%

The company's Ebitda saw a fall to Rs 276.4 crore in Q1FY24, as compared to Rs 304.5 crore in the corresponding period of the previous year

L&T surges 4%; hits new high on strong Q1 results, Rs 10,000 crore buyback

The company would entail 33.3 million equity shares for a price of up to Rs 3,000 each, via tender offer route, subject to approvals.

Tata Motors, L&T: Short-term trading strategies post Q1 results

Tata Motors is likely to trade with a positive bias, with an upside target of around Rs 660; while Larsen & Toubro may witness some profit-taking in the near-term.