Page 93 - Q1 Results

ICICI Securities Q1 PAT dips 1% to Rs 271 cr, revenue surges 18%

Brokerage house ICICI Securities on Friday reported a one per cent decline in profit after tax (PAT) at Rs 271 crore for three months ended June 2023. In comparison, the company reported a PAT of Rs 273.6 crore in the year-ago period, ICICI Securities said in a regulatory filing. The decline in the profit could be attributed to higher expenses, as the broking firm's total expenses shot up by 33 per cent to Rs 570 crore in the quarter under review. However, the company's total revenues rose by 18 per cent to Rs 934 crore in the first quarter under review, from Rs 795 crore in the April-June quarter of financial year 2022-23. During the quarter under review, the company added 2.1 lakh clients, taking its overall customer base to 93 lakh. Last month, ICICI Bank approved a proposal to delist ICICI Securities and become a wholly-owned subsidiary of the bank after delisting. ICICI Securities, promoted by ICICI Bank, is the country's leading retail-led equity franchise, distributor of .

NaBFID Q1 profit surges 88% to Rs 360 cr, total income jumps to Rs 432 cr

State-owned National Bank for Financing Infrastructure and Development (NaBFID) on Friday reported an 88 per cent jump in net profit at Rs 360 crore for the June quarter of this financial year. The Mumbai-based development financial institution (DFI) had posted a net profit of Rs 192 crore in the year-ago period. Total income in the first quarter of the current fiscal rose to Rs 432 crore, from Rs 212 crore in the same period a year ago, NaBFID said in public notice. Reserve (excluding revaluation reserves and including Grant received from Government of India) of the DFI improved to Rs 6,921 crore, over Rs 5,360 crore in June 2022. This DFI was created through the National Bank for Financing Infrastructure and Development (NaBFID) Act 2021 and the government committed a Rs 5,000-crore grant over and above Rs 20,000-crore equity capital. Finance Minister Nirmala Sitharaman in the Union Budget 2021-22 said the government will set up a development financial institution (DFI) to catal

Ashok Leyland Q1FY24 results: Net profit jumps 747%, revenue up 13%

The Ebitda margin in Q1FY24 expanded by 560 basis points to 10% from 4.4% YoY

ICICI Bank Q1FY24 preview: Muted QoQ performance likely on high provisions

ICICI Bank: Net profit is estimated to come in the range of Rs 8,654.9 crore to Rs 9,200 crore, down up to 5 per cent QoQ

JSW Steel Q1FY24 results: Net profit rises 189%, revenue jumps 10.3%

The company's profit in the June quarter was, however, lower than Rs 3,741 crore in the previous quarter

United Spirits rallies 7%; hits record high on healthy Q1 performance

In Q1FY24, the company's EBITDA jumped 84 per cent YoY to Rs 385 crore, margins expanded 638 bps to 17.7 per cent.

More downside seen in Infosys earnings estimate; stock to derate: Analysts

Infosys Q1 result review: Brokerages have unanimously reduced FY24 EPS estimates for the company in the range of 2-4 per cent, though the Street is likely fearing even further downside, they say

Demerger done; here's how to trade RIL shares ahead of Q1FY24 results

The overall trend of the stock has been sideways since the end of 2021. However, striking a new all-time high could spark the next rise in the stock.

Stocks to watch: RIL, Infosys, HUL, Ultratech Cement, Union Bank, L&T, DLF

Stocks to watch on July 21, 2023: From Reliance Industries to Infosys, check out the top stocks to watch in Friday's trading session

Union Bank Q1 net more than doubles to Rs 3,236 cr; NPA provisions decline

Non-interest income rose 38.57 per cent YoY to Rs 3,903 crore

Dalmia Cement Q1 profit after tax down 29.6% due to higher expenses

The company met street expectations on revenue but missed the profit guidance

Hindustan Unilever Q1 results: Net profit rises 7.3% to Rs 2.6K crore

Rural demand for FMCG sector moves into positive territory

Mid-cap IT services Coforge Q1 net profit rises 10% to Rs 165 crore

Mid-cap IT services company Coforge on Thursday reported a 10 per cent rise in net profit to Rs 165 crore for the first quarter of this fiscal. It had posted a net profit of Rs 149 crore in the year-ago period. The company's revenue in constant currency terms increased 18 per cent to Rs 2,221 crore from Rs 1,829 crore in Q1 FY23, according to a BSE filing. Sequentially, Coforge profit rose 43.9 per cent, while revenue grew 2.4 per cent. According to the company, its headcount increased by 1,000 employees, and attrition came down to 13 per cent. "Exceptional execution by Team Coforge in a testing environment allowed us to deliver another quarter of sustained, robust and profitable growth. During the quarter, we increased our net headcount by 1,000 employees to support future growth...and saw attrition drop down to 13.3 per cent," its Chief Executive Officer Sudhir Singh said. The firm maintained its growth guidance for the fiscal at 13-16 per cent in constant currency terms.

FMCG sector seeing gradual volume growth in Q1: HUL CFO Ritesh Tiwari

FMCG industry is witnessing a gradual volume growth led by urban market with rural also turning positive in the first quarter of the fiscal after witnessing an over double-digit decline in the past, Hindustan Unilever Ltd CFO Ritesh Tiwari said on Thursday. Commodities prices have remained stable and inflation continues to moderate thereby leading to resurgence of small and regional players many of whom had vacated the market during peak of inflation, he said during an earnings call. "With most commodities remaining stable in the quarter, inflation continues to moderate. Consequently, we are seeing a gradual recovery in market volume growth. FMCG market volumes grew in mid single digit led by urban," Tiwari said. He further said, "Rural market volumes which at one point in time were declining in double digits have just been positive in this quarter." However, these growths have come on the back of decline in volumes in the past. "If you look at market growth on a two-year CAGR bas

IndiaMART Q1FY24 results: Net profit up 78%, revenue from ops rises 26%

IndiaMART registered traffic of 254 million and unique business enquiries of 22 million in Q1FY24

United Spirits reports net profit at Rs 477 crore for first quarter

United Spirits on Thursday reported a consolidated net profit of Rs 477 crore for the first quarter ended June 2023. The company had posted a net profit of Rs 261 crore in the April-June quarter of the last fiscal. Total income rose to Rs 5,830 crore in the first quarter. It stood at Rs 7,157 crore in the year-ago period. In a regulatory filing, United Spirits said the results of the quarter were not comparable to the June quarter of last fiscal as the company completed a slump sale of the entire business undertaking associated with 32 brands to Inbrew Beverages on September 30, 2022. United Spirits CEO & Managing Director Hina Nagarajan said the company has commenced fiscal 2024 with a robust first quarter performance. "While inflationary pressures remain, our strategy to reshape the portfolio combined with revenue growth management and focus on everyday efficiency is driving sustainable growth across the Prestige & Above segment," she added. Royal Challengers Sports, the ...

South Indian Bank Q1 net up 75% to Rs 202 cr; NIM improves by 60 bps

Net interest margin too improved by 60 basis points from 2.74 per cent to 3.34 per cent on Y-o-Y basis

Persistent Systems misses Q1 profit view on rising employee costs

Analysts were expecting a profit of 2.74 billion rupees, according to Refinitiv IBES

Infosys cuts FY24 outlook to 1-3.5%; Q1 net profit up 11% to Rs 5,945 cr

Operating margins 'resilient in uncertain macro environment', says company

Hindustan Unilever Q1 results: Profit rises 6.9% to Rs 2,556 crore

Total expenses were higher at Rs 12,167 crore as compared to Rs 11,531 crore in the same quarter a year ago, the company said