Page 9 - Corporate Earnings

IRB Infrastructures Developers Q1 results: Net profit up 5% at Rs 140 cr

IRB Infrastructures Developers Ltd on Friday posted around 5 per cent rise in consolidated profit after tax to Rs 140 crore during June quarter on account of higher income. It had reported a profit after tax (PAT) of Rs 134 crore in the April-June quarter of preceding 2023-24 financial year, the company said in an exchange filing. The company's total income rose to Rs 1,972 crore in the reporting quarter from Rs 1,745 crore in the year-ago period, registering an increase of 13 per cent. In a separate statement, Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers Limited, said, "It is a promising start for FY25 with the continued robust momentum in toll collection, especially with the newly added assets to our portfolio." The company looks forward for further growth with the government's continued focus on PPP (public private partnerships) projects and several upcoming opportunities in the sector. The company's toll collection for Q1FY25 was at Rs ...

Zydus Lifesciences Q1FY25 results: Net profit rises 31% to Rs 1,420 cr

Zydus Lifesciences on Friday said its consolidated net profit increased 31 per cent year on year to Rs 1,420 crore in the first quarter ended June 2024 on the back of robust sales. The drug maker had reported a net profit of Rs 1,087 crore in the April-June quarter of last fiscal. Revenue from operations rose to Rs 6,207 crore in the period under review as compared to Rs 5,140 crore in the June quarter of FY24, Zydus Lifesciences said in a statement. "Sustained growth momentum across our businesses along with enhanced profitability drove our strong Q1 performance," Zydus Lifesciences Managing Director Sharvil Patel said. Execution success of company's differentiated pipeline in the US and outperformance of India geography business were particularly noteworthy, he added. "We are on course to achieve our growth aspirations for FY25 and are committed to investing in sustainable growth initiatives and innovative solutions for the future," Patel said. The company said its India sales

Asian Granito India Q1 result: PAT Rs 30 lakh, net sales up 3% at Rs 343 cr

The earnings before interest tax depreciation and amortisation (Ebitda) for the quarter under review stood at Rs 16.1 cr against Rs 9.6 cr in the year-ago period, the company said

APM Terminals Pipavav Q1 results: Net profit jumps 62% to Rs 109.67 cr

APM Terminals Pipavav on Wednesday reported a 62 per cent growth in the consolidated net profit to Rs 109.67 crore in the June quarter over the corresponding quarter last fiscal, the company said. The private port operator had posted a consolidated net profit of Rs 67.8 crore in the first quarter of FY24. Revenue from operations for the quarter stood at Rs 245.97 crore, which is 14 per cent higher compared to Rs 214.9-crore last year, the port operator said. Consolidated EBITDA (earnings before interest, tax, depreciation and amortisation) was recorded at Rs 149.53 crore, growing by 41 per cent year-on-year from Rs 105.84 crore in Q1 FY23-24, it stated. According to the port operator, liquid volume grew 31.80 per cent to 345,000 MT and volume under Ro-Ro (services) grew to 39,000 units against 14,000 units in the corresponding period of last year. The container volume during the reporting quarter was 165,000 TEUs while the dry bulk volume stood at 552,000 MT, it said. "This (net

Abbott India Q1 results: PAT rises 13% to Rs 328 cr, income at Rs 1,625 cr

Drug firm Abbott India on Wednesday said its net profit increased by 13 per cent year on year to Rs 328 crore for the first quarter ended June 30, 2024. The company reported a net profit of Rs 290 crore in the April-June quarter of last fiscal. Total income rose to Rs 1,625 crore for the period under review as against Rs 1,535 crore in the June quarter of FY24, Abbott India said in a regulatory filing. Shares of the company on Wednesday ended 1.29 per cent up at Rs 28,159.95 apiece on the BSE.

Sula Vineyards Q1FY25 results: PAT rises 7% to Rs 14.63 cr on high demand

Sula's revenue grew more than 10 per cent during the quarter to Rs 128 cr, its second straight quarter of growth, aided by a 24.4 per cent jump in its cheaper wine segment

Radico Khaitan Q1FY25 results: Net profit up 13.4% to Rs 77.38 cr

Liquor maker Radico Khaitan Ltd on Wednesday reported a 13.36 per cent increase in its consolidated net profit to Rs 77.38 crore for the first quarter ended June 2024. The company had posted a consolidated net profit of Rs 68.26 crore in the April-June quarter a year ago, according to a BSE filing from Radico Khaitan. Its revenue from operations was up 9.12 per cent to Rs 4,265.62 crore during the quarter under review. It was Rs 3,908.94 crore in the corresponding quarter of the previous fiscal. Radico Khaitan's total expenses increased 8.93 per cent to Rs 4,167.92 crore in the June quarter. The total income of Radico Khaitan in the June quarter was at Rs 4,269.30 crore, up 9.18 per cent. In the June quarter, its total IMFL volume (Indian-made foreign liquor) decreased by 4 per cent whereas the Prestige & Above category volume grew14.3 per cent," said an earning presentation by makers of Rampur single malt, Magic Moments Vodka and Jaisalmer Indian Craft Gin. While Prestige & ..

BSE Q1 results: PAT surges threefold to Rs 265 cr, revenue at Rs 674 cr

Leading stock exchange BSE on Wednesday reported an over threefold surge in net profit to Rs 265 crore for the quarter ended June 2024. The exchange had posted a net profit of Rs 75 crore in the same quarter of the preceding fiscal, BSE said in a statement. The exchange has recorded its highest-ever quarterly financial performance with a revenue of Rs 674 crore in the April-June quarter in the current financial year FY25 as compared to Rs 271 crore in the year-ago period. "We have finished the first quarter strongly, with every business line contributing to revenue and profitability. This reflects the strength of our proposition, the improvements we have made to our products and the depth of our relationships with customers," BSE MD and CEO Sundararaman Ramamurthy said. The average daily turnover in the equity cash segment for the first quarter of FY25 stood at Rs 9,006 crore as compared to Rs 4,025 crore in the corresponding quarter of the previous year. BSE forayed into the sing

TVS Credit Services Q1FY25 results: Net profit rises 20% to Rs 140.43 cr

Leading non-banking finance company TVS Credit Services Ltd has reported a 20 per cent growth in its net profit for the April-June 2024 quarter at Rs 140.43 crore, the company said on Wednesday. The company had registered a net profit of Rs 117.26 crore during the corresponding quarter of last year. Total income during the quarter under review grew to Rs 1,606.43 crore, as compared to Rs 1,349.20 crore registered a year ago. The Assets Under Management (AUM) stood at Rs 26,351 crore as of June 30, 2024, TVS Credit Services Ltd said in a statement today. "The company continued to maintain its strong growth momentum in disbursements during Q1 FY'25 primarily driven by increase in distribution reach supported by growth in consumption and increase in penetration," the company said. TVS Credit currently serves over 1.50 crore customers till date, the statement added.

Sony posts 10% rise in net profit boosted by image sensors, games business

A sprawling group encompassing music, movies, games and chips, Sony hiked its full-year profit forecast by 3 per cent to 1.3 trillion yen aided by foreign exchange rates

Disney returns to profit in Q3 as streaming business starts making money

Disney returned to a profitable third quarter as its combined streaming business started making money for the first time and the movie Inside Out 2 did well in theatres. Operating income for the entertainment segment nearly tripled to USD 1.2 billion thanks to better performances from its direct-to-consumer and content sales/licensing and Other segments. The Walt Disney Co. said Wednesday that its direct-to-consumer business, which includes Disney+ and Hulu, reported a quarterly operating loss of USD 19 million, which was smaller than its loss of USD 505 million a year earlier. Revenue climbed 15 per cent to USD 5.81 billion. For the period ended June 29, Disney earned USD 2.62 billion, or USD 1.43 per share. A year earlier it lost USD 460 million, or 25 cents per share. Stripping out one-time gains, earnings were USD 1.39 per share, easily topping the USD 1.20 analysts polled by Zacks Investment Research expected. Revenue for the Burbank, California, company rose 4 per cent to US

Apollo Tyres Q1 results: Net profit dips 24% to Rs 302 cr on lower sales

Apollo Tyres on Wednesday said its consolidated net profit declined by 24 per cent to Rs 302 crore for the first quarter ended June 30, 2024 on account of lower sales and escalation in raw material cost. The company had reported a net profit of Rs 397 crore in the April-June quarter of the last fiscal. Revenue from operations for the quarter under review stood at Rs 6,335 crore, as against Rs 6,245 crore in the year-ago period, Apollo Tyres said in a statement. "Coming to our quarterly performance, the replacement and exports from India have witnessed a good growth, and we expect the same to continue in the coming quarters as well," Apollo Tyres Chairman Onkar Kanwar said. Europe continues to perform well under current market conditions, he added. Shares of the tyre-maker on Wednesday ended 1.04 per cent up at Rs 520.75 apiece on the BSE.

Welspun Q1 results: PAT up 50% at Rs 248 cr as strong exports boost margins

Welspun's fortunes have gotten a boost from not only the growing demand for fuel in India but also from key export markets of the US and Middle East

Godawari Power and Ispat Q1 results: Net profit grows 24% to Rs 287 cr

Godawari Power and Ispat on Wednesday posted 24 per cent rise in consolidated net profit at Rs 286.89 crore for June quarter FY25, helped by reduced expenses. Net profit from ordinary activities after tax was at Rs 230.88 crore in April-June FY24, the company said in an exchange filing. Total income rose to Rs 1,372.42 crore from Rs 1,344.37 crore in the same quarter a year ago. Expenses reduced to Rs 987.30 crore from Rs 1,063.00 crore in first quarter last financial year. The company's board has also approved the appointment of MD Bajrang Lal Agrawal as the chairman with effect from August 9, 2024, in place of Shashi Kumar. Besides, the board approved a proposal for payment of a special dividend of Rs 1.25 per equity share of Rs 5 each on the occasion of 25th anniversary of the company. The payment will be made on or after August 28, 2024. The board also approved a proposal for sub-division of equity share with face value of Rs 5 each into 5 equity shares of Re 1 each, subject

Pidilite Industries Q1FY25 results: Net profit rises 21% to Rs 567 cr

During the April-June quarter, India witnessed a booming manufacturing sector activity as output increased on robust demand

Godrej Consumer Products Q1FY25 results: Net profit rises 41% to Rs 451 cr

Branded consumer goods makers have reduced prices to compete with smaller rivals that offer cheaper alternatives, which has negatively impacted top-line growth

Dr Lal PathLabs Q1FY25 results: Net profit rises 28% to Rs 106 cr

Consolidated net profit rose 28 per cent to Rs 106 cr (around $13 million) for the quarter ended June 30, beating analysts' estimate of Rs 99.27 cr, per LSEG

Bosch Q1FY25 results: PAT up 14% at Rs 466 cr; total income at Rs 4,496 cr

Auto components maker Bosch on Tuesday said its consolidated profit after tax rose 14 per cent to Rs 466 crore for the first quarter ended June 30, 2024. The company had reported a profit after tax of Rs 409 crore in the April-June quarter of last fiscal. Total income rose to Rs 4,496 crore for the period under review as compared with Rs 4,346 crore in the year-ago period, Bosch Ltd said in a regulatory filing. "The financial year commenced with moderate growth in the automotive market despite the challenges of a high base from the previous year, a slowdown related to elections and the summer heatwaves," Bosch Ltd Managing Director Guruprasad Mudlapur said. Continued demand in the passenger car segment, coupled with growth in production and wholesale, resulted in growth for the company in the first quarter, he added. "However, retail sales have remained sluggish leading to a rise in the pipeline inventory. Despite the challenges, the overall sentiment in the automotive sector rema

Gulf Oil Q1 results: Net profit rises 29% to Rs 88.02 cr, revenue up 9%

Lubes maker and Hinduja Group firm Gulf Oil Lubricants India's net profit rose 29 per cent to Rs 88.02 crore in three months to June over the same period last year, the company said on Tuesday. Gulf Oil Lubricants India had posted a net profit of Rs 68.30 crore in the first quarter of FY 2023-24. Revenue from operations for the reporting quarter stood at Rs 885.07 crore, up 9.04 per cent from Rs 811.71 crore in Q1FY24, it said. It also said that the company delivered a higher EBITDA (earnings before interest, taxes, depreciation and amortization) at Rs 116.24 crore in the previous quarter as against Rs 92.78 crore, registering a year-on-year growth of 25.28 per cent in the corresponding quarter of FY24. The EBITDA margin during the period grew 170 basis points at 13.13 per cent, from 11.43 per cent last year, within the guided range of 12-14 per cent as the company increased investment in brand and customer-centric activities, Gulf Oil Lubricants India said. "Our first-quarter ...

Bata India Q1 results: Net profit jumps 63% to Rs 174 cr, revenue dips 1.4%

Shoemaker Bata India Ltd on Tuesday reported an increase of 62.84 per cent in its consolidated net profit at Rs 174.36 crore in the first quarter ended June 2024, helped by margin expansion and gains from sale of industrial land. It had posted a net profit of Rs 106.89 crore in the April-June period a year ago, according to a regulatory filing from Bata India. However, its revenue from operations was down 1.41 per cent to Rs 944.63 crore during the quarter under review. It was at Rs 958.14 crore in the corresponding period a year ago. "The results for the quarter demonstrate disciplined execution of our strategies on premiumisation, investment in marketing and technology, elevating the customer experience, by maintaining gross margins in the face of sluggish consumption momentum during the quarter," said an earnings statement from the company. Besides, Bata also had a one-time gain on the sale of property of Rs 134 crore in the June quarter. "The results for the quarter also ...