Bharti Airtel
The telecom operator reported a 467% year-on-year growth in
profit at Rs 1,606.9 crore for the quarter ended June 30, 2022. Revenue surged
22.2% to Rs 32,804.6 crore and EBITDA increased 26% to Rs 16,604.40 crore as
against the corresponding quarter of the previous fiscal. EBITDA margin
expanded by 150 bps year-on-year to 50.6% in the reported quarter.
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Power Grid Corporation of India
The company posted a 37% year-on-year decline in
consolidated profit at Rs 3,801 crore in the April-June quarter of fiscal 2023
on a high base. Profit in the year-ago period was boosted by exceptional gain.
Revenue surged by 6.7% to Rs 10,905.21 crore compared to the same quarter of
previous financial year.
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NALCO
The aluminum major posted a 60.5% year-on-year growth in consolidated profit at Rs 558 crore for the first quarter of the financial year 2022-23 driven by strong top line as well as operating performance, though power and fuel costs increased significantly. Revenue increased by 53% year-on-year to Rs 3,783.32 crore in the reported quarter.
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Torrent Power
The company reported a 142% year-on-year growth in
consolidated profit at Rs 502 crore in the quarter ended June 30, fiscal 2023,
led by a healthy top line, operating income, and other income. Revenue jumped
110% to Rs 6,510 crore compared to the corresponding quarter of the previous
fiscal. Profitability was supported by an increase in contribution from
renewable generation, gain from trading of LNG, improved performance of
licensed distribution businesses, and increase in contribution from franchised
distribution business.
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Whirlpool of India
The company clocked a 232% year-on-year growth in
consolidated profit at Rs 84.6 crore for the April-June quarter of fiscal 2023,
supported by a low base. Profit in the year-ago period was affected by the
second wave of Covid-19. Revenue grew 55% to Rs 2,081 crore compared to the
same period last year.
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Indraprastha Gas
The company reported a 72% rise in June quarter net profit
to Rs 420.86 crore on the back of a rise in sales volumes. Net profit in the
year-ago period was Rs 244.29 crore. The total gross sales value during the
quarter has moved to Rs 3,519 crore compared to Rs 1,372 crore, showing a
growth of 157%.
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Tata Chemicals
The company reported an 86.25% increase in consolidated net
profit at Rs 637 crore during the quarter ending June. Net profit in the
corresponding quarter of the previous fiscal stood at Rs 342 crore. Revenue
from operations of the company went up by 34.15% during the reported quarter at
Rs 3,995 crore compared to Rs 2,978 crore in the same period of last fiscal.
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Natco Pharma
The company reported a multifold rise in consolidated net
profit to Rs 320.4 crore for the first quarter of fiscal 2023, on higher
revenue from the pharmaceutical vertical. The company had posted a consolidated
net profit of Rs 75 crore in the same period last fiscal. Consolidated revenue
from operations stood at Rs 884.6 crore compared to Rs 410.3 crore in the same
period of previous financial year.
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Samvardhana Motherson International
The company reported a 51% year-on-year fall in
consolidated profit at Rs 181.55 crore during the quarter ended June 30,
impacted by weak operating performance. Revenue jumped 9% to Rs 17,614.4 crore
compared to the corresponding quarter of previous fiscal. The company board has
approved fundraising of Rs 1,000 crore by issuing non-convertible debentures,
on a private placement basis, in one or more series or tranches.
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Indian Hotels
The company posted a consolidated profit of Rs 180.84 crore
for April-June quarter of fiscal 2023, against a loss of Rs 301.58 crore
impacted by the second COVID wave in the same period of previous financial
year. Revenue increased by 267.5% to Rs 1,266 crore as against the year-ago
period on a low base.
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Strides Pharma Science
The US Food and Drug Administration has finished an
inspection of the company’s Singapore facility, with 483 observations. Its
formulation facility in Singapore underwent a USFDA inspection that was
completed on August 8. The US is one of the key focus markets for Strides and
the company has given a growth outlook of $250 million in fiscal 2023 for the
US business. The company has set a target to launch 20 new products every year
in the US.
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Delhivery
The company reported a consolidated loss of Rs 399.34 crore
for the quarter ended June 30, 2022, widening from a loss of Rs 129.58 crore in
the corresponding quarter of previous financial year on loss at the operating
level. Revenue surged by 32.5% to Rs 1,745.7 crore compared to the same period
last year.
