Hindustan Unilever (HUL)
The FMCG giant reported an 11% year-on-year rise in profit
at Rs 2,289 crore for the April-June quarter of fiscal 2022-23, with underlying
volume growth of 6%, but EBITDA margin declined 100 basis points year-on-year
to 23.2% amid unprecedented inflationary headwinds. Revenue increased by 205 to
Rs 14,272 crore during the same period year-on-year.
The cement maker clocked 25.5% year-on-year decline in
consolidated profit at Rs 865.44 crore for the quarter ended June 2022,
impacted by higher power & fuel cost, and freight & forwarding
expenses. However, revenue grew 15.1% year-on-year to Rs 8,033 crore for the
The Wire and cable manufacturer reported a surge of 201.91%
in its profit after tax to Rs 222.54 crore during the first quarter of the
financial year 2022-23. Revenue from operations of the company during the
quarter increased by 47.5% to Rs 2,736.6 crore compared to Rs 1,855.2 crore in
the year-ago period.
The company board has approved a second interim dividend of
Rs 19.50 per equity share on the face value of Re 1 per share for fiscal
2022-23. The dividend is amounting to Rs 7,250 crore. The record date for
payment of the dividend is July 27, 2022.
L&T Finance Holdings
The non-banking finance company has reported a 47.4%
year-on-year growth in profit at Rs 262 crore for the quarter ended June 2022,
on the back of a fall in impairment on financial instruments. Revenue from
operations declined 2.1% to Rs 2,988.40 crore during the year-ago period. The
company posted the highest-ever quarterly retail disbursements at Rs 8,938
crore, up 148% year-on-year.
The flagship company of Aditya Birla Group said the board
has approved an entry into the B2B e-commerce platform for the building
materials segment with an investment of Rs 2,000 crore over the next 5 years.
The investment will add a new high-growth engine with clear adjacencies within
Grasim’s standalone businesses as also that of its subsidiaries and associate
ICICI Lombard General Insurance Company
The general insurance company posted an 80% year-on-year
increase in profit at Rs 349 crore for the quarter ended June 2022. Total
income grew by 3.8% to Rs 3,978.3 crore against the year-ago period. The net
premium earned jumped 10% to Rs 3,468 crore.
The Tata Group firm reported an 18.1% year-on-year decline
in profit at Rs 67.5 crore for the quarter ended June 2022, impacted by higher
raw material costs. However, revenue surged 16.5% year-on-year to Rs 862.8
crore in the first quarter of fiscal 2023 backed by 17.1% growth in the
domestic crop care business and 51% growth in exports.
The company secured an order from Rajasthan Medical
Education Society (Directorate of Medical Education Society (Directorate of
Medical Education), for the supply, installation, operation, and maintenance of
the CT Scan Center at Raj – MED Medical College at Churu, Rajasthan on
public-private partnership (PPP) basis. According to the tended awarded, the
company will set up a CT Scan machines 64 slice scanner at MES Medical College.
The tenure of the contract will be 10 years.