Vodafone Idea
The telecom operator has reported a loss of Rs 7,296.7
crore for the quarter ended June 30, 2022, against a loss of Rs 6,563.1 crore
in the previous quarter following a hike in interest and financing costs and
EBIT loss. Revenue from operations surged by 1.6% quarter-on-quarter to Rs
10,410.10 crore for the reported quarter. EBITDA declined by 7% from the
previous quarter to Rs 4,328.4 crore. EBITDA margin declined by 380 basis
points quarter-on-quarter to 41.6% for the first quarter.
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InterGlobe Aviation
The aviation major recorded a net loss of Rs 1,064.3 crore
for the quarter ended June 30, 2022, which narrowed from a loss of Rs 3,174.2
crore in the same quarter of fiscal 2022 as the year-ago quarter was affected
by the second Covid wave. Revenue rose by 327.5% to Rs 12,855.3 crore during
the same period. EBITDAR stood at Rs 716.9 crore with an EBITDAR margin of 5.6%
improved significantly compared to a negative EBITDAR of Rs 1,360.2 crore with
a negative EBITDAR margin of 45.2% in the year-ago period.
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Hindalco Industries
Aluminum solutions provider Novelis reported net income
attributable to its common shareholder grew 28% year on year to $307 million.
It saw a record adjusted EBITDA of $561 million grew by 1% from a year ago
period. The shipments of 962 kilotonnes in the April-June quarter fell by 1%
compared to 973 kilotonnes in the same quarter of the previous financial year.
Net sales increased 32% year-on-year to $5.1 billion for the first quarter of
the financial year 2023, largely driven by higher average aluminum prices and
local market premiums.
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Adani Wilmar
The company reported a 10.2% year-on-year growth in
consolidated profit at Rs 193.59 crore for the first quarter of fiscal 2023 on
string growth in the top line. Revenue surged 30.2% year-on-year to Rs
14,731.62 crore during the same period with overall volumes rising 15%
year-on-year to 1.19 MMT. EBITDA increased by 14% year-on-year to Rs 496 crore.
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Inox Leisure
The company posted the highest ever quarterly revenues at
589 crore, the highest ever EBITDA at Rs 130 crore, and the highest ever profit
after tax (PAT) at Rs 74 crore for the quarter ended June 2022, with footfalls
at 18.4 million. The year-ago quarter was affected by the second Covid wave.
The quarter saw blockbuster movies like RRR, KGF: Chapter 2, Vikram, Bhool
Bhulaiya 2, and Doctor Strange In The Multiverse of Madness.
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JMC Projects (India)
The company board has approved the appointment of Vikram
Singhvi as Chief Financial Officer (CFO) of the company with immediate effect.
Shailendra Kumar Tripathi is reappointed as Managing Director and CEO of the
company for a period of three years commencing from October 22, 2022, to
October 21, 2025, subject to the approval of the members of the company.
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In addition, the company posted a consolidated profit of Rs
31.33 crore for the quarter ended June 2022 against a loss of Rs 10.15 crore in
the same period last year. Revenue during the reported quarter increased by 44%
to Rs 1,671.64 crore partly on a low base as the year-ago quarter was affected
by the second Covid wave.
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AU Small Finance Bank
The bank launched its qualified institutional placement
(QIP) issue on August 3 and fixed the floor price at Rs 590.84 per share for
the issue, against the current market price of Rs 609.35 on August 3.
