Tag: quarterlyresult

Shares of Eicher Motors, the maker of Royal Enfield motorcycles, rallied 5 percent to Rs 3,340 on the BSE in Wednesday’s intra-day trade in an otherwise subdued market after the company posted a better-than-expected 62 percent year-on-year (YoY) jump in net profit at Rs 741 crore, from Rs 456.13 crore a year ago. on the back of higher motorcycle sales and other income. On a sequential basis, net profit grew 5.7 percent. The revenue from operations came in at Rs 3,721 crore, registering a growth of 29.17 percent from Rs 2,880.65 crore in the corresponding quarter last year. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) margins, a key profit metric, stood at 23 percent, up 300 bps YoY and down 30 bps QoQ. Read more

Shares of Adani Enterprises (AEL) jumped 10 percent to an intra-day high of Rs 1,889, bouncing 17 percent from the day's low on the BSE on Tuesday soon after the company announced its October-December quarter (Q3FY23) earnings. The company reported a consolidated net profit of Rs 820 crore for the quarter that ended December, against a net loss of Rs 11.63 crore a year ago. The company recorded a 42% increase in total income to Rs 26,951 crore and EBIDTA increased by an impressive 101% to Rs 1,968 crore on account of strong performance by Adani New Energy Limited (ANIL) Ecosystem, integrated resources management (IRM), and Airports business. AEL’s said ANIL Ecosystem solar modules volume rose 63 percent to 430 MW. The company handled 20.3 million passenger movements at seven operational Airports increasing by 40 percent over the previous year's quarter. IRM volume increased by 8 percent to 15.8 MMT and Mining services production volume stood at 6.2 MMT. Read more

Shares of Glenmark Pharma surged over 5 percent to a high of Rs 421 in an otherwise sluggish market, after the drug maker reported steady earnings for the quarter that ended December 2022. Glenmark Pharmaceuticals Ltd on Friday reported a 21.3 percent rise in consolidated profit after tax at ₹290.8 crores for the third quarter ended December 31, 2022. as against Rs 240 crore in the corresponding quarter a year ago. In the December quarter, total revenue stood at Rs 3,463.8 crore during the period under review, up 9.2 percent against Rs 3,173.4 crore in the corresponding period of the preceding fiscal. The company had a one-time gain of Rs 34 crore in Q3, which is a net gain from the sale of its cardiac brand—Razel's India—and Nepal business, against the remediation cost of the company's Monroe manufacturing site in the U.S. Read more

On the back of strong demand for its passenger cars, Maruti Suzuki India reported a better-than-expected 129.55 percent jump in the quarterly consolidated net profit in the third quarter (Q3FY23) on Tuesday. It reported a significant rise in its net profit at ₹ 2,391.5 crores for the third quarter ended December 2022 (Q3 FY23), which more than doubled as compared to ₹1,041.8 crore in the year-ago quarter. The total revenue from operations came in at Rs 29,057.5 crore, rising 24.96 percent from Rs 23,253.3 crore year-on-year (YoY). Profit growth was driven by higher sales and a fall in raw material costs. The EBIT margin of the company also improved 350 basis points year on year (YoY) to 7.6 percent. Profit margin improved 380 basis points YoY to 8.4 percent Read more

India's second top IT company Infosys Ltd announced its earnings for the third quarter ended December 2022 for the current fiscal or Q3 FY23 on Thursday, after market hours. It reported a 13.4 percent rise in its consolidated net profit for the quarter that ended December 2022 at Rs 6,586 crore. The Company reported a net profit of Rs 5,809 crore in the same quarter last year. Its consolidated revenue from operations increased 20.2 percent to Rs 38,318 crore against Rs 31,867 crore in the corresponding quarter last year, Infosys said in an exchange filing. The reported numbers beat estimates. According to a poll of brokerages, consolidated revenue was expected to come in at Rs 37,613 crore, up 18 percent year-on-year (YoY) growth. In comparison, consolidated profit after tax (PAT) was estimated to increase 10.5 percent YoY to Rs 6,418 crore. Read more

IT major Infosys on Monday said it would consider a proposal for share buyback on Thursday when it is scheduled to report its quarterly earnings results. The Board of the Company will consider a proposal for buyback of fully paid-up equity shares of the Company at its meeting to be held on October 13, 2022,” Infosys said. The company is scheduled to announce its results for the second quarter of FY23 on the same day. If Infosys announces a share buyback program, this would be the fourth such corporate action in the history of the company. The first share buyback program of Rs 13,000 crore was announced by the Bengaluru headquartered company in 2017 through the tender offer route. It was followed by an Rs 8,260 crore issue in 2019 and Rs 9200 crore in 2021. The last two were executed through the open market route. The firm expects that the buyback will be valued between Rs 8,700 crore and Rs 9,500 crore. Read more

Bajaj Finance's share price rose 5 percent on July 6 after the company reported better numbers for the quarter that ended June 2022. Bajaj Finance, a leading NBFC company, witnessed a 31% Year-on-Year (YoY) growth in its core assets under management in the quarter that ended June 30, 2022. The company's AUM grew from approximately Rs 156,115 crore on 30 June 2021 to Rs 204,000 crore as of 30 June '22. Bajaj Finance witnessed the highest ever quarterly increase in its customer franchise of 2.7 million in the initial quarter of FY23. Customer franchise of the company increased from 50.5 million in June 2021 to 60.3 million in June 2022 and new loans booked during the first quarter of 2023 were 7.4 million compared to last year’s 4.6 million, the company said in a filing to the exchanges. Bajaj Finance continues to remain well-capitalized with a CRAR of ~ 26.2%. Read more

Shares of ITC hit an over three-year high of Rs 279.15, surging 5 percent on the BSE in a weak market after the company reported strong results with around 9 percent cigarette volume growth in the March quarter (Q4FY22). FMCG-cigarette-to-hotel major ITC on Wednesday reported a year-on-year consolidated net profit of Rs 4,196 crore, up 11.7 percent in the quarter ended 31 March 2022. The company had posted a net profit of Rs 3,755.47 crore in the year-ago period. The revenue from operations for the period came at Rs 17,754.02 crore, up 15 percent in the March quarter. The company had posted a revenue of Rs 15404.37 crore in the corresponding period. Its consolidated total income stood at Rs 18,252.64 crore as against Rs 10944.64 crore in the year-ago quarter, it added. Read more

Titan saw its December quarter (Q3) net profit zooms 135 percent to Rs 987 crore compared to the year-ago period to Rs. 419, sharply beating analysts' estimate of Rs 847 crore. Titan said the October-December 2021 period was one of its best quarters in terms of growth and profitability. Titan's quarterly revenue increased 30.6 percent on a year-on-year basis to Rs 9,515 crore, according to a regulatory filing. The company said it saw strong demand across its consumer businesses. Its jewelry division did “exceedingly well”, and other divisions also witnessed growth over pre-pandemic levels. The jewelry business of the company jumped 37 percent on year to Rs 8,563 crore in the reported quarter. The watches and wearables business of Titan posted a 29 percent on-year growth in sales to Rs 708 crore, while the eyewear operations grew 26 percent. It posted an EBITDA margin of 14.7 percent in the third quarter of FY22, as against 11.8 percent in the year-ago period. Read more

Shares of Asian Paint were down 7 percent, hitting an over two-month low of Rs 2,961 on the BSE in Thursday’s intra-day trade, after the company, reported a 29 percent fall in the net profit to Rs 605.2 crore in Q2FY22 as against Rs 852 crore in the same quarter a year ago, while its revenue jumped by 32.6 percent to Rs 7096 crore in the July-September quarter of FY22 versus Rs 5350 crore during the same quarter in FY21. The company’s bottom line performance missed expectations of all eight brokerages polled by ETMarkets.com.The company’s board also approved an interim dividend of Rs 3.65 per share at its meeting held earlier today. The decline in the company’s bottom line was largely due to a sharp spike in expenses during the quarter. Asian Paints’ total expenses jumped 49 percent on-year to Rs 6,418.2 crore led by a 73 percent rise in the cost of raw materials. Read more

The IT services major Tech Mahindra reported a 39.17 percent year-on-year (YoY) jump in its consolidated net profit at Rs 1,353.2 crore for the April-June period of the financial year 2021-22 (Q1FY22) as against Rs 972.3 crore posted in the corresponding quarter last year. The Company reported Rs 1,081.4 crore in the quarter ended March 2021 which rose by 25.13 percent. The IT services major reported a 4.8 percent quarter-on-quarter rise in consolidated revenues to Rs 10,198 crore for the reported quarter, which was slightly above analysts’ expectations. The consolidated revenue from operations in June 2021 quarter grew 11.98 percent YoY at Rs 10,197.6 crore. The company had posted revenue of Rs 9,106.3 crore in the same period a year ago. Its earnings before interest and tax were down 3.6 percent at Rs 1,545.3 crore versus Rs 1,603.7 crore and the margin was at 15.2 percent versus 16.5 percent, QoQ.The dollar revenue was up 4.1 percent at $1,383.6 million against $1,329.6 million. Read more

Kotak Mahindra Bank on July 26 reported a 32 percent year-on-year (YoY) jump in standalone Q1FY22 net profit at Rs 1,641.92 crore against Rs 1,244.45 crore in Q1FY21, which was below analysts’ expectations. Total income during April-June 2021-22 rose to Rs 8,062.81 crore, from Rs 7,685.40 crore in Q1FY21, Kotak said in a regulatory filing Its net interest income, or core income, rose 6% over the year-earlier to Rs 3,942 crore during the period, against an estimated Rs 3,961 crore. Provisions and contingencies in the quarter declined to Rs 935 crore from Rs 962 crore in the year-ago quarter. However, the lender saw a deterioration in asset quality in the reported quarter. Other income doubled to Rs 1,583 crore. It included fee income worth Rs 1,169 crore, which rose 51% year-on-year. Operating profit for the quarter came in at Rs 3,121 crore, up 19 percent YoY against Rs 2,624 crore in Q1FY21. Read more

Shares of Asian Paints rallied by 7 percent at Rs 3,178, hitting a fresh record high on the BSE in the intra-day trade on Tuesday, after the company's net profit more than doubled to Rs 574.3 crore against Rs 219.6 crore year-on-year. The Company's consolidated profit after tax (PAT) was Rs 574 crore for the quarter ended June 2021 (Q1FY21) on the back of a strong operational income. The company had posted a PAT of Rs 218.45 crore in the previous corresponding period (Q1FY20). However, the profit figure was below market expectations as a CNBC-TV18 poll of analysts had expected profit at Rs 721 crore for the quarter. Revenue jumped 91.1 percent YoY to Rs 5,585.4 crore for the said quarter against Rs 2,922.7 crore in Q1FY21.“The domestic decorative business more than doubled its volume and delivered stellar revenues over the lower base of last year, which had suffered from the first nationwide lockdown,” said Amit Syngle, managing director and chief executive officer at Asian Paints. Read more

Shares of Mindtree surged 9 percent to hit a new high of Rs 2,721 on the BSE in intra-day trade on Wednesday after the information technology (IT) consulting and services company reported a healthy set of numbers for the quarter ended June 2021. Mindtree's Q1 net profit rose to ₹343.3 crores, up reported a 61% YoY and 8% QoQ. Its revenue in dollar terms came at $310.5 million, witnessing a growth of 7.7% quarter-on-quarter (QoQ) and 22.6% YoY. The IT company recorded its highest-ever order book of half a billion US dollars, a growth of 34% QoQ. The company said it is witnessing broad-based growth across industries and services and that its deal pipeline continues to remain strong. “We are pleased to report a strong start to FY22 with broad-based first-quarter growth across all service lines and industry segments," said Debashis Chatterjee, chief executive officer, and managing director, Mindtree. Read more

Shares of Siemens on Wednesday, gained 10 percent, hitting a new high of Rs 2,143.20, on the BSE in intra-day trade after the company reported a strong set of numbers for the quarter ended March 2021. The Company reported a 90 percent rise in consolidated net profit at Rs 334.4 crore for the March quarter, mainly on the back of higher revenues.The consolidated net profit of the company stood at Rs 175.7 crore in the quarter ended March 31, 2020. Total income rose to Rs 3,540 crore in the March quarter from Rs 2,722.1 crore in the same period a year ago. Earnings before interest, taxes, depreciation and amortization (EBITDA) doubled to Rs 440 crore from Rs 220 crore, aided by lower employee costs and other expenses. Read more

Shares of Coforge IT firm gained 17 percent intraday on May 6 and hits 52 weeks high of Rs 3449 after the company declared a17 percent rise in consolidated net profit at Rs 133 crore in the three months ended March 2021. The company had posted a net profit of Rs 113.6 crore in the year-ago period, Coforge said in a regulatory filing. Consolidated revenue grew 7.1 percent sequentially in dollar terms to USD 172.1 million during the January-March quarter. Revenue in constant currency (CC) terms grew 5.1 percent over the preceding quarter. In rupee terms, revenue was up by 6 percent sequentially and up by 13.7 percent year-on-year (YoY) at Rs 1,261 crore during Q4FY21. The company’s profit after tax (PAT) for the quarter increased 17 percent year-on-year to Rs 133 crore. Read more

India’s largest passenger car manufacturer Maruti Suzuki India on Tuesday reported a near 10 percent year-on-year fall in net profit to Rs 1,166 crore for the quarter ended March on account of lower sales volume, increase in commodity prices, adverse foreign exchange movement, and lower non-operating income. During the previous year, the company reported a profit of Rs 1,291.7 crore. Revenue from operations in Q4 FY21 stood at Rs 24,023.7 crore, up 32 percent from Rs 18,198.7 crore in the year-ago period backed by strong double-digit growth in sales. In the December quarter of the current fiscal, PAT stood at Rs 1,941.4 crore. On a consolidated basis, the net profit slipped 6.1 percent to Rs 1,241.1 crore. Analysts had expected Maruti to report a 38 percent year-on-year jump in net profit to Rs 1,785 crore for the quarter on revenues of Rs 23,704 crore. Read more