Tata Chemicals

Posted By: Jogendra Kumar Posted On: Aug 07, 2023
Q1 results 2023: Ujjivan Small Finance Bank registered strong growth in the bottom-line and top-line front for the fourth quarter of FY23. (MINT)

Q1 results today: Key benchmark indices Dalal Street snapped its three days losing steak and ended higher on Friday. This upside at Indian stock market has triggered trend reversal speculations as well. However, for intraday traders who believe in stock specific strategy, Q1 results 2023 announced on weekend would be crucial but they are expected to remain equally vigilant about the Q1 results getting announced today.

For such stock market investors and intraday trading members, there is a piece of stock market news. A total of 77 companies are going to declares their respective Q1 results 2023 on Monday. These 77 listed companies include Godrej Consumer Products, Torrent Pharma, PB Fintech, Tata Chemicals, Gland Pharma, Emami, Max Healthcare, Alkyl Amines Chemicals, Medplus Health Services, Rainbow Childrens Medicare, GNFC, Indigo Paints, India Cements, Ujjivan Small Finance Bank, Sobha, Venky, Gokaldas Exports, Barbeque Nation Hospitality, Balmer Lawrie, Ramco systems, etc.

Gland Pharma Q4 results 2023

Thje pharma company reported weak set of numbers for the fourth quarter of FY23. The company's net profit in Q4FY23 plunged 72% to ₹78.68 crore from ₹285.90 crore reported in the year-ago quarter. The net profit was also impacted by one- off expense worth ₹56.46 crore towards an impairment loss. The drug maker's revenue from operations declined 29% YoY to ₹785 crore during Q4. Gland Pharma attributed this decline to a shutdown in the production line during the quarter at its Pashamylaram (Telangana) Penems manufacturing facility due to line upgradation.

Tata Chemicals Q4FY23 results

During Q4FY23, the company's consolidated revenue from operations stood at ₹4,407 crore, up by 26.60% YoY from ₹3,481 crore during Q4FY22, whereas in FY23 its revenue from operations stood at ₹16,789 Cr compared to ₹12,622 crore in FY22. The company's consolidated net expenses reached ₹3,809 crore during Q4FY23 as against ₹3,098 crore in Q4FY22 whereas in FY23 the net expenses stood at ₹14,265 crore as compared to ₹11,426 crore during FY22.

During Q4FY23, the consolidated net profit of Tata Chemicals reached ₹709 crore, up by 61.87% YoY from ₹438 crore during the year-ago quarter, whereas in FY23 its net profit stood at ₹2,317 Cr compared to ₹1,258 crore during FY22.

Ujjivan Small Finance Bank Q4 results 2023

Ujjivan Small Finance Bank registered strong growth in the bottom-line and top-line front for the fourth quarter of FY23. PAT comes to around ₹309.50 crore in Q4FY23, rising by 144.62 per cent from ₹126.52 crore a year ago same period.

Ujjivan SFB's disbursement was at ₹6,001 crore in Q4FY23, and ₹20,037 crore for the full year FY23, crossing major milestones. The lender saw an all-round growth with Housing and FIG crossing milestones of ₹400 crore and ₹300 crore in quarterly disbursement — disbursing ₹439 crore and ₹318 crore respectively — which is the highest ever for both the segments.

Source: Live Mint
Related Posts: Q1 RESULTS TODAY,Q1 RESULTS 2023,GLAND PHARMA Q1 RESULTS 2023,UJJIVAN SMALL FINANCE BANK Q1 RESULTS 2023,GODREJ CONSUMER PRODUCTS RESULTS Q1 2023,SOBHA Q1FY24 RESULTS

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ITC Q1 net profit likely to rise 16%

Posted By: Vanshika Pathak Posted On: Aug 14, 2023
ITC?s cigarette business is likely to deliver volume growth of around 10% and see market share gains in the absence of competition from illicit trade.

ITC Ltd, the diversified conglomerate, is set to declare its Q1 results today. The cigarette manufacturer is expected to see decent double digit growth in the net profit for the first quarter of FY24, while its revenue is likely to remain flat on a year-on-year (YoY) basis.

ITC Q1 net profit is expected to rise 16.7% on-year to ₹4,886 crore led by steady growth in cigarette and fast-moving consumer goods (FMCG) businesses, as per brokerage poll by Livemint.

The company's topline growth in Q1FY24 is likely to remain muted at 1.5% with the company reporting revenue at ₹17,548 crore, according to the average analysts' estimates.

ITC's cigarette business is likely to deliver volume growth of around 10% and see market share gains in the absence of competition from illicit trade.

The FMCG - Others segment has also delivered strong growth across markets and product lines, and as input prices decline, and analysts anticipate an expansion in margins too.

Meanwhile, paperboards, paper, and packaging are expected to remain flattish on a YoY basis.

Motilal Oswal Financial Services expects gross margin and EBITDA margin to expand 720 bps and 460 bps YoY, respectively, on a weak base.

Going ahead, ITC's outlook on the agri, paper & packaging and Hotel businesses will remain a key monitorable, while outlooks on Cigarettes and other FMCG demand will also be watched out for.

Read ITC Q1 Results Live Updates here

HDFC Securities models 12% YoY growth in cigarette revenue, with volume growth of 10% YoY (4% 4-year CAGR). The non-cigarette business is expected to fall 9% YoY (impacted by agribusiness). The brokerage models 14% YoY growth in FMCG.

“We expect cigarette EBIT to grow by 13% YoY. We model FMCG EBIT margin at 8% versus 4.6% YoY. EBITDA to grow by 11% YoY," HDFC Securities said.

Yes Securities expects ITC's overall topline to be down by 2.3% YoY even while it expects 13.5% YoY revenue growth in cigarette business led by a volume growth of 11% YoY.

“Other-FMCG business is expected to grow at ~16% YoY. While decline in Agri Business (sitting on high base) and subdued PPP will drag ITC's overall revenue growth on a YoY basis. At the company level, we expect EBITDA margin to expand ~430 bps YoY to 37% led by gross margin improvement," Yes Securities said.

Catch Live Market Updates here

Source: Live Mint
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Spicejet defers first quarter results for FY24

Posted By: Ramesh Sharma Posted On: Aug 12, 2023
Spicejet has lost to the tune of ?4,220 crore in last 11 quarter since outbreak of Covid-19 in Q4FY20.

Spicejet results date: Indian budget airline company Spicejet has deferred its Q1 results date from 11th August to 14th August 2023. The aviation company promoted by Ajay Singh said that board of directors of the company could only partially complete the agenda items during its meeting on 11th August 2023. The airline had earlier informed Indian exchanges that it would declare its Q1 results 2023 and Q4FY23 results on 11th August 2023. Now, both these results would be announced on 14th August 2023.

Spicejet results date

Spicejet informed Dalal Street exchanges about extension of results date citing, "The meeting of the Board of Directors of the Company is scheduled on 14/08/2023, inter alia, to consider and approve (a) The audited standalone and consolidated financial results of the Company for the fourth quarter and financial year ended March 31, 2023; and (b)The unaudited standalone and consolidated financial results for the first quarter ended June 30, 2023. Further, pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015 read with Company's Code of Conduct for Prevention of Insider Trading, the Trading Window for dealing in securities of the Company shall remain closed for the Designated Persons till August 16, 2023 (end of the day) for declaration of above said financial results of the Company."

Earlier in an exchange communication, Spicejet had informed exchanges that it would declare Q1 results 2023 on 11th August 2023 i.e. on Friday last week.

In an exchange communication dated 4th August 2023, Spicejet had informed stock exchanges about the Spicejet results date citing, "The meeting of the Board of Directors of the Company is scheduled on 11/08/2023 ,inter alia, to consider and approve (a) The audited standalone and consolidated financial results of the Company for the fourth quarter and financial year ended March 31, 2023; and (b) The unaudited standalone and consolidated financial results for the first quarter ended June 30, 2023. Further, in continuation of our earlier communication(s) on 'Closure of Trading Window' pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015 read with Company's Code of Conduct for Prevention of Insider Trading, the Trading Window for dealing in securities of the Company shall remain closed for the Designated Persons till August 13, 2023 (end of the day) for declaration of above said financial results of the Company."

The Indian budget airline company has been under financial stress. It has lost around ₹1,516 crore in first three quarters of the financial year 2022-23. Since, outbreak of Covid-19 in Q4FY20, the airline carrier has been losing money and in last 11 quarters, Spicejet has lost to the tune of ₹4,220 crore.

Source: Live Mint
Related Posts: SPICEJET RESULTS DATE,Q1 RESULTS 2023,SPICEJET RESULTS Q4,SPICEJET RESULTS 2023,SPICEJET RESULTS Q4FY23,SPICEJET Q1FY24 RESULTS,STOCK MARKET NEWS

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LIC, Hero MotoCorp to SAIL — 200 companies to declare Q1 results today

Posted By: Ajay Rawat Posted On: Aug 10, 2023
Q1 results 2023: LIC posted impressive growth in the bottom-line for the fourth quarter of FY23. (iStock)

Q1 results today: After trend reversal at Indian stock market, experts have started to expect key benchmark indices to climb to a new peak. In fact, some experts are expecting 70,000 levels for Sensex by end of 2023 whereas some are predicting Nifty to climb up to 21,000 in next five months. However, amid quarterly results season, experts are advising both intraday trading members and positional investors to remain vigilant about the Q1 results 2023 announced by respective listed entities as it would help them know about the financials of the companies.

For such stock market investors, there is a piece of stock market news today. 200 listed companies are going to declare their respective Q1 results today. Those 200 companies include Life Insurance Corporation (LIC) of India, Pidilite Industries, Grasim Industries, Samvardhana Motherson International, Hero MotoCorp, Page Industries, Container Corporation of India, Steel Authority of India Limited (SAIL), Mazagon Dock Shipbuilders, General Insurance Corporation of India. Torrent Power, Apollo Tyres, Endurance Technologies, Sanofi India, Manappuram Finance, NCC, NBCC (India), Graphite India, MTAR Technologies, FMM Pfaudler, Indiabulls Real Estate, Ashoka Buildcon, Suryoday Small Finance Bank, Omaxe, Balaji Telefilms, etc.

Here we list out quarterly results announced by some of the above mentioned companies in previous quarter that would help stock market investors to understand the financial health of the company in long term after the announcement of Q1 results today:

LIC Q4 results 2023

LIC posted impressive growth in the bottom-line for the fourth quarter of FY23. Consolidated Q4 FY23 PAT stood at ₹13,190.79 crore, rising by a breathtaking 447.47% or 5.5 folds year-on-year. In Q4FY22, the PAT stood merely at ₹2,409.39 crore. Sequentially, the growth was 107.77% in Q4 PAT. In December 2023 quarter, the PAT stood at ₹6,348.71 crore. In the top-line front, consolidated net premium income stood at ₹1,32,223.21 crore in Q4FY23, tumbled by 8.27% from ₹1,44,158.84 crore in Q4 of previous fiscal. However, LIC saw a growth of 17.7% from ₹1,12,296.69 crore in Q3FY23.

Hero MotoCorp Q4FY23 results

Two-wheeler major, outperformed street's estimates in terms of its bottom line in the fourth quarter of FY23, reporting a jump of 36.77% in standalone net profit to ₹858.93 crore, compared to a PAT of ₹627.05 crore in the same time the previous year. Pricing, cost-cutting measures, and mix all contributed to the auto player's margin expansion and profitable growth throughout the quarter. Consolidated revenue from operations was ₹8,306.78 crore in Q4 FY23, up 3.43% from Q3 FY23's ₹8,030.98 crore and up 11.92% from Q4 FY22's ₹7,421.73 crore.

Samvardhana Motherson results Q4FY23

Leading specialized automotive component manufacturer, Samvardhana Motherson International Limited (SAMIL) reported a massive 438% year-on-year (YoY) growth in net profit to ₹654 crore in the fourth quarter of FY23. Sequentially, the growth was 44% in PAT. On the back of the strong booked business, Motherson posted the highest ever quarterly and yearly revenue. Revenue stood at ₹22,477 crore in Q4FY23, registering a growth of 30% YoY and 11% QoQ. FY23 revenue growth was 23% YoY to ₹78,701 crore, the highest ever yearly revenue.

Source: Live Mint
Related Posts: Q1 RESULTS TODAY,Q1 RESULTS 2023,LIC RESULTS Q1 2023,SAIL Q1 RESULTS 2023,HERO MOTOCORP Q1 RESULTS 2023,MOTHERSON Q1 RESULTS 2023,MAZAGON DOCK Q1 RESULTS 2023,STOCK MARKET NEWS

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Zen Tech Q1 Results

Posted By: Anita Mamgai Posted On: Aug 06, 2023
Zen Technologies reported a net profit at ?47 crore in June quarter.

Zen Technologies Q1 Results: Zen Technologies announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on August 5, reporting a multi-fold jump of 532 per cent at ₹47.08 crore, compared to ₹7.4 crore in the corresponding period last year. The RPG Enterprises Group-company's revenue from operations during the first quarter of current fiscal stood at ₹132.45 crore, registering a surge of 257 per cent, compared to ₹37.07 crore in the year-ago period.

The company's board approved the re-appointment of Shilpa Choudari as the whole-time director of the company for a further period of three years starting from November 1, 2023, subject to the approval of shareholders at its annual general meeting (AGM).

The board also approved the re-appointment of Sirisha Chintapalli as the independent director of the company for second term of three years starting from August 8, 2023, subject to the approval of shareholders at the AGM.

In the preceding January-March quarter of fiscal 2022-23, Zen Technologies posted a 508.13 per cent jump in its profit after tax to ₹20.19 crore for the quarter ended March 31, 2023, against ₹3.32 crore in the year-ago period.

Ashok Atluri, Chairman and Managing Director had said, "Our investment in R&D reached an all-time high of nearly ₹19 crore, significantly higher than the average of ₹12-14 crore spent in the last five years."

‘'We have placed bids for substantial orders and we expect the results to be out by H1FY24," Ashok Atluri said, adding, "To capitalise on these potential opportunities, we are taking steps to enhance the bandwidth of our key functions, including Supply Chain, Procurement, and Production Planning.''

On August 4, shares of Zen Technologies settled 1.65 per cent higher at ₹613.45 after hitting an intra day high of ₹617.67 apiece on the BSE.

Source: Live Mint
Related Posts: ZEN TECH Q1 RESULTS 2023,ZEN TECHNOLOGIES Q1 RESULTS,ZEN TECHNOLOGIES Q1 EARNINGS,ZEN TECH Q1 NET PROFIT,WHY ZEN TECHNOLOGY SHARE PRICE IS RISING

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Net profit falls 52

Posted By: Vishal Maurya Posted On: Jul 29, 2023
A staff member walks past the MCX-SX logo at their Exchange Square building in Mumbai REUTERS/Vivek Prakash

MCX Q1 Results: Multi Commodity Exchange of India (MCX) announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on July 29, reporting a decline of 52.5 per cent in consolidated net profit of ₹19.66 crore, compared to ₹41.46 crore in the corresponding period last year. The operating income of the commodities exchange company rose 34 per cent to ₹146 crore, compared to ₹109 crore in the year-ago period.

The average daily turnover (ADT) of futures and options increased 26 per cent to Rs. 83,341 crore, compared to the turnover in the preceding January-March quarter of fiscal 2022-23 (Q4FY23). The traded clients in F&O saw a growth of 12 per cent reaching around 3.93 lakh during Q1 FY23-24, compared to 3.52 lakh in Q4 FY22-23.

On the operating front, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) margin (consolidated) stood at 19 per cent for Q1 FY23-24 and 14 per cent for Q4 FY22-23, marginally higher in spite of high technology servicing cost. MCX's market share in commodity futures during the June quarter stood at 96.3 per cent.

The company's board has approved the final dividend and set the record date as September 15, 2023, subject to the approval of shareholders.

‘'Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, record date to determine shareholders who will be eligible to receive final dividend, subject to shareholder's approval, will be Friday, 15th September 2023 and payment will be made on/before Tuesday, 24th October 2023,'' said MCX in a regulatory filing to the stock exchanges.

On July 28, shares of MCX settled 0.48 per cent higher at ₹1,667.80 apiece on the BSE.

THIS COPY IS BEING UPDATED

Source: Live Mint
Related Posts: MCX Q1 RESULTS 2023,MCX Q1 NET PROFIT,MCX Q1 EARNINGS,MULTI COMMODITY EXCHANGE

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Bajaj Finserv

Posted By: Tarun Kumar Posted On: Jul 27, 2023
BEL's net revenue up 2.21% YoY, Birlasoft back to profit, Bajaj Finserv's net profit up 31.4%, Shriram Finance's net profit up 20.5%, IHC's net profit up 343%.

Q1 results today: Amid improving Indian stock market sentiments, those who believe in stock specific trade are highly vigilant about Q1 results 2023 of the listed companies. In fact, company results are one of the most important events that help stock market investors decide the mid and long term positions. It also help them in taking investment decision about the potential stocks they are zeroing on.

For positional investors and stock specific intraday trading members, there is a piece of stock market news today. A total of 65 listed companies are going to declare their respective Q1 results today. Those 65 listed companies include Bajaj Finserv, Birlasoft, Bharat Electronics Ltd or BEL, Shriram Finance, Indian Hotels Company or IHC, ACC, Ajanta Pharma, Dr Lal Pathlab, Tata Teleservices (Maharashtra) Ltd or TTML, Ujjivan Small Finance Bank, Symphony, Sterlite Technologies, NDTV, etc.

BEL Q4 results 2023

Bharat Electronics Ltd or BEL reported a YoY jump of 2.21% in net revenue to ₹6,545.28 crore in the Q4 2022-2023. BEL's net profit margin jumped 17.15% YoY to 21.11% in the Q4 2022-2023. However, the Navratna defence company's PAT during the entire FY23 stood at ₹3,006.67 crore, logging 28 per cent growth over the PAT of ₹2,348.93 crore in Q4FY23.

Birlasoft Q4 results 2023

In Q4FY23, Birlasoft came back to profit despite flat revenue growth. Revenue of the Pune-based IT major rose 0.36% on sequential basis to ₹1,226.38 crore in the quarter ended March 31, 2023. In FY23, net profit of the IT company stood at ₹331.6 crore, on the back of revenue that increased 16.1% year-on-year to ₹4,794.8 crore. Operational profitability stood at ₹671.5 crore, while margin came in at 14%.

Bajaj Finserv Q4 results FY23

NBFC-major Bajaj Finserv posted a 31.4% growth in consolidated net profit to ₹1,769 crore for the fourth quarter of FY23 compared to a profit of ₹1,346 crore in the same quarter in previous fiscal. Consolidated total income stood at ₹23,625 crore up by 25.2% versus ₹18,862 crore in Q3 of the previous financial year.

Shriram Finance Q4FY23 results

In previous quarter, Shriram Finance Ltd reported a standalone net profit of ₹1,308.31 crore, up 20.5 per cent year-on-year (YoY) against ₹1,086.13 crore in the same quarter last year. The company's total revenue from operations in January to March 2023 rose 52.64 per cent YoY to ₹7,756.33 crore from ₹5,081.61 crore in Q4FY22. Company's net interest income (NII) for the March quarter of FY23 stood at ₹4,445.89 crore, up 69.2 per cent YoY, against ₹2,627.82 crore in the same quarter of the previous year.

Indian Hotels Company Q4 results

IHC reported a 343 per cent rise in net profit to ₹328.27 crore for the March 2023 quarter. This is against a net profit of ₹74.2 crore in the corresponding quarter of the last financial year. The revenue from operations rose by 86.4 per cent at ₹1,625.4 crore as compared to ₹872.1 crore in the year ago period.

Source: Live Mint
Related Posts: Q1 RESULTS TODAY,Q1 RESULTS 2023,BEL Q1 RESULTS 2023,BIRLASOFTQ1 RESULTS TODAY,BAJAJ FINSERV RESULTS Q1FY24,SHRIRAM FINANCE Q1 RESULTS 2023,INDIAN HOTELS Q1 RESULTS 2023

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