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Business, Equities, Market News, Markets, Research, Result Updates - August 5, 2022

Kalyan Jewellers India Limited Q1 FY23 Result Updates. Robust growth in revenue; PAT at Rs. 108 crores.

 

Kalyan Jewellers India Limited Q1 FY23 Result Updates.
Robust growth in revenue; PAT at Rs. 108 crores.

Kalyan Jewellers India Limited reported a consolidated net profit of Rs. 108 crores as compared to a loss of Rs. 51 crores in Q1 FY22.
The Company recorded consolidated revenue of Rs 3,333 crores for Q1FY23, a growth of 104% as compared to Rs 1,637 crores in the corresponding quarter of the previous year.
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was recorded at Rs 264 crores, a growth of 283% as compared to Rs 69 crores in the same quarter of the previous year. Aided by industry tailwinds and strong execution, Kalyan’s business has seen a significant acceleration in scale, growth and profitability.
Standalone revenue for the Company (India) was at Rs 2,719 crores, a growth of 113% as compared to Rs 1,274 crores in Q1 of the previous year. EBITDA in India was Rs 218 crores for the quarter, a growth of 336% as compared to Rs 50 crores in the same quarter of the previous year. PAT in India for the quarter was Rs 95 crores, as compared to a loss of Rs 43 crores in the corresponding quarter of the previous year. There is a improvement in gross margin and EBITDA margin YoY and QoQ driven largely by higher share of revenue from nonsouth markets and higher share of studded revenue.
The e-commerce division, Candere, recorded a revenue of Rs 44 crores for the quarter versus Rs 24 crores in the corresponding quarter of the previous year. The quarter recorded a loss of Rs 1.2 crores as against a profit of Rs 31 lakhs for the corresponding quarter of the previous year.
Robust momentum continues across geographies driven by rise in footfalls and market share. While non-south outpaced south revenue YoY, the base period not strictly comparable. South share at 65% compared to 70% YoY. Studded growth outpaced gold driven by higher share of revenue from the non-south markets. 24% studded share compared to 20% YoY and broadly similar QoQ.

Strong revenue momentum in the Middle East driven by overall recovery in economic activity in the region and return of tourist traffic.

In the Middle East, total revenue from operations during Q1FY23 was at Rs 574 crores as against Rs 340 crores in Q1 of the previous year. The Middle East region contributed 17% to the overall consolidated revenue of the Company. The Middle East operations recorded Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of Rs 47 crores for the quarter, a growth of 161% compared to Rs 18 crores in the same quarter of the previous year. PAT for the quarter was at Rs 14 crores compared to a loss of Rs 9 crores in the corresponding quarter of the previous year. 69% revenue growth compared to Q1FY22 largely SSSG driven as only 1 showroom was opened in the last 12 months. GP margin settling at 15.5% due to higher share of revenue from tourists (lower margin products)

Kalyan’s retail expansion continued in the recently concluded quarter, with the launch of four new showrooms – three in non-South markets in India, and one in the Middle East. As of June 30, 2022, Kalyan Jewellers’ store network across India and the Middle East stood at 158.
The company launched its first franchised showroom in Q1 of this year.
The shares of Kalyan Jewellers India Ltd are currently trading at Rs. 71.30, up by 1.42%.

Valuations:

The return on equity (ROE) is 7.51% for the quarter ended June 2022. The price-to-earning (P/E) ratio stood at 19.2. The return on capital employed (ROCE) for the company is 9.29%. The price to book value of Kalyan Jewellers India Ltd is 2.36. The EV/EBITDA is 10.1.

 

 

 

 

 

 

 

 

 

 

 

Cipla Q1 results: Lower Covid-19 drug sales to hamper revenue growth

 

Ashok Leyland Q1 FY23 Result Update. Volume growth to improve net profit; revenue doubles.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Infosys reports a net profit of Rs.5,350Cr. in Q1 FY23. 

 

L&T Technology Services Ltd Q1 Results Update.

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

 

 

 

 

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TCI Express Q1 FY23 Result Updates.
Business, Equities, Market News, Markets, Research, Result Updates - August 4, 2022

TCI Express Q1 FY23 Result Updates. The continued uptick in economic activity boosts revenue.

 

TCI Express Q1 FY23 Result Updates.

The continued uptick in economic activity boosts revenue.

 

TCI Express reported a net profit of Rs. 31.01 crores, up by 30% YoY from Rs. 23.76 crores.  PAT Margin at 10.6% remained flat. However, the net profit slipped by 13% QoQ from Rs. 35.93 crores.

TCI Express recorded another quarter of strong performance with Revenue of Rs. 292 crores, a growth of 30% on year on year basis from Rs. 292 crores. This growth was led by a continued uptick in economic activity and a pick up in Industrial production which was subdued in the comparative period due to the second wave of Covid-19. In addition, the demand was well supported by growth in our both Corporate and SME customers which contributes equally to the total revenues. Sequentially, the total income fell from 300.28 crores, down by 2.63%. Expenses increased to Rs 251.27 crore as compared to Rs 193.18 crore earlier.

 

Employee cost to impact margins.

 

The earnings before interest, tax, depreciation, and amortization (EBITDA) b grew by 32.6% YoY to Rs. 44.7 crores from Rs. 33.7 crores with margins remaining strong at 15.3% compared to 15.0% in Q1 FY22. The inflationary environment continues to impact margins however, the company was able to maintain stable margins due to higher capacity utilization of 84.5% in Q1 FY23 and has been able to pass through certain costs and its impact will be visible in the coming quarters. On a QoQ basis, the EBITDA declined by 14.5% from Rs. 52.3 crores. TCI Express continues to maintain a strong CFO to EBITDA ratio of 77.5% and generated Rs. 35 Crores of cash flow from operations during the quarter. The margins were slightly lower compared to the previous quarter due to an increase in employee cost as the company is building a team for our newly launched services.

The profit before tax stood at Rs. 41.1 crores, up by 31% YoY and down by 15.9% QoQ. The PBT margin for the quarter is 14.1% compared to 14% in Q1 FY22 and 16.3% in the previous quarter.

 

Capex of Rs. 33 Crores incurred during Q1 FY2023 primarily towards the land purchase in Kolkata for setting up an automated sorting center. 10 new branches were opened during Q1 FY2023 in the metro cities primarily in the North and West region to deepen TCI Express presence in key business geographies. Gurgaon sorting center started its operations in March 2022 and in June 2022, it processed around 18% of total volumes.

The shares of TCI Express Ltd are currently trading at Rs. 1,757, down by 1.47%.

 

Valuations:

 

The return on equity (ROE) is 26.6% for the quarter ended June 2022. The price to earning (P/E) ratio stood at 49.4. The return on capital employed (ROCE) for the company is 35.5% . The price to book value of  TCI Express is 12.6. The EV/EBITDA is 34.6.

 

 

 

 

 

 

 

 

 

 

 

Cipla Q1 results: Lower Covid-19 drug sales to hamper revenue growth

 

Ashok Leyland Q1 FY23 Result Update. Volume growth to improve net profit; revenue doubles.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Infosys reports a net profit of Rs.5,350Cr. in Q1 FY23. 

 

L&T Technology Services Ltd Q1 Results Update.

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

 

 

 

 

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Devyani International Q1 FY26 Results: Revenue Growth Amid Profit Challenges
Business, Equities, Market News, Markets, Research, Result Updates - August 4, 2022

The Ramco Cements Q1 Results: Volume growth on a low base of last year coupled with stable realization boosted revenue.

 

The Ramco Cements Q1 Results:

 

Volume growth on a low base of last year coupled with stable realization boosted revenue.

 

The Ramco Cement reported a net profit of Rs. 109.23 crores, down by 36.37% YoY from Rs. 171.67 crores on account of high fuel prices and weak cement prices.

Ramco Cement’s revenue grew 44.1% YoY and 3.9% QoQ to Rs 17,79.4 crores. Cement sales stood at 3.31 MT for Q1FY23, a growth of 54.7% YoY and 3.8% QoQ. Volume growth on a low base of last year coupled with stable realization boosted revenue. The blended realization for the quarter was at Rs. 5,376/ton, declining by 4.5% YoY, though on a sequential basis realization saw a marginal rise of 1%. Share of premium products stands at 24% for Q1FY23. Sales Volume was lower in Q1FY22 on account of CoVID-related lockdowns. Cement sales increased by 55% YoY.

 

The total expenses increased 64.96%  to Rs 1,630.59 crore in Q1 FY2022-23 from Rs 988.46 crore a year ago.
Variable Costs have gone up due to sharp fuel price increases. The cement price increase was insufficient to cover the fuel cost push. Effective tax rates were reduced due to the adoption of the new tax regime. Finance costs increased due to the commissioning of the clinker unit in JPM Line III.

 

Higher costs of power & fuel along with an increase in logistics costs dented the margin.

 

EBIDTA for Q1 of CY is Rs.308 crores as against Rs.370 crores during Q1 of PY with a de-growth of 17%, mainly due to a sharp increase in fuel price and weak cement prices. The industry could not pass on the full cost increase arising out of a sharp fuel price hike, to its customers. Pet coke and coal prices have increased. Consequently, power & fuel cost has increased by 553 / ton in Q1 YoY. Increase in diesel price by 11% YoY. EBITDA margin contracted by 1265 bps YoY/18 bps QoQ to 17%.

Profit before tax declined by 38% YoY to Rs. 155.05 crores from Rs. 251.53 crores.

The shares closed at Rs. 726.35, down by 0.87%.

 

Valuations:

The return on equity (ROE) is 14.7% for the quarter ended June 2022. The price-to-earning (P/E) ratio stood at 20.5. The return on capital employed (ROCE) for the company is 9.51%. The price to book the value of  Ramco Cements is 2.64. The EV/EBITDA is 16.7. The debt to equity ratio is 0.64.

 

 

 

 

 

 

 

 

Cipla Q1 results: Lower Covid-19 drug sales to hamper revenue growth

 

Ashok Leyland Q1 FY23 Result Update. Volume growth to improve net profit; revenue doubles.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Infosys reports a net profit of Rs.5,350Cr. in Q1 FY23. 

 

L&T Technology Services Ltd Q1 Results Update.

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

 

 

 

 

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Krishna Institute reported a net profit of Rs. 79 Cr.
Business, Equities, Market News, Markets, Research, Result Updates - August 3, 2022

Mahindra Holidays and Resorts India Q1 FY23 Result Updates. Highest ever resort income to increase revenue.

 

Mahindra Holidays and Resorts India Q1 FY23 Result Updates.
Highest ever resort income to increase revenue.

Mahindra Holidays & Resorts India Ltd reported a profit after tax of Rs 34 crores for the June quarter driven by higher revenue, up by 11.1% YoY from Rs. 30 crores. However, the net profit declined sequentially from Rs. 44 crores in the previous quarter.

The expenses for the quarter increased by 53% YoY to Rs. 220 crores driven by an increase in sales & marketing expenses in Q1 FY23 due to brand-building investments and higher member additions. Rent & other expenses increased in line with resort income and scale of operations.
The earning before interest, tax, depreciation, and amortization(EBITDA) was Rs. 84.20 crores compared to Rs. 73.04 crores in Q1 FY22, up by 15.3% YoY. The EBITDA margin stood at 2707% against 33.7% in Q1 FY22.
The Profit before tax stood at Rs. 45.43 crores, improved by 11.1% YOY from RS. 40.90 crores. The PBT margin for the quarter is 14.9%

Resort Revenues Driven by Higher Inventory, Occupancies & Member Spends.

The revenue from operations for the quarter was 287.86 crores, up by 46.3% YoY from Rs. 196.74 crores. Total Income has increased by 40.3% YoY to Rs. 304.22 crores mainly driven by the highest ever Resort Income. The highest ever resort revenues were by high occupancies and increased room inventory, along with higher usage of existing and new experiences by members. The revenue from the resort jumped from Rs. 15 crores in Q1 FY22 to Rs. 84 crores in Q1 FY23. The resort occupancy increased from 51% to 89% during the quarter.

Membership sales remained robust during the quarter despite pressure on consumer discretionary spending. Member acquisitions through the Referral & Digital route at 58% in Q1 FY23. The occupancy rate for the quarter was 89% while it was 51% on June 21. 3,807 members were added during the June quarter with a cumulative member base of around 2.7 lakh. Cash position of the company at Rs. 1,172 Crs as of June 22. Member additions have been robust with higher average unit realisation.
During the quarter, the company added a new resort at Gangtok and extended Udaipur resort by adding 107 rooms.
MHRIL has a total inventory of 4,617 rooms across 84 resorts.On the company’s European operations, Holiday Club Resorts (HCR) delivered a significant improvement in Timeshare and Spa Hotels Revenues despite unprecedented cost pressures due to high inflation.
Currently, the stock is trading at Rs. 229.10, down by 1.25%.

Valuations:

The return on equity (ROE) is 39.7% for the quarter ended June 2022. The price-to-earning (P/E) ratio stood at 38.7. The return on capital employed (ROCE) for the company is 7.92%. The price to book the value of the Mahindra Holidays is 18.2. The EV/EBITDA is 12.5.

 

Cipla Q1 results: Lower Covid-19 drug sales to hamper revenue growth

 

Ashok Leyland Q1 FY23 Result Update. Volume growth to improve net profit; revenue doubles.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Infosys reports a net profit of Rs.5,350Cr. in Q1 FY23. 

 

L&T Technology Services Ltd Q1 Results Update.

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

 

 

 

 

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Shipa Medicare reported an 85 lakh net profit.
Business, Equities, Market News, Markets, Research, Result Updates - August 3, 2022

United Phosphorus Limited Q1 FY23 Result Updates. Higher EBITDA combined with lower finance costs drove robust growth in net profit.

 

United Phosphorus Limited Q1 FY23 Result Updates.

Higher EBITDA combined with lower finance costs drove robust growth in net profit.

 

United Phosphorus Limited reported net profit of Rs.  877 crores, jumped by 28.54% YoY from Rs. 677 crores. The net profit for the previous quarter was Rs. 1379 crores.

Q1 FY23 Revenue witnessed robust growth of 27% YoY to reach Rs. 10,821 crores from Rs. 8515 crores led by better product realizations (+18%), favorable exchange rate (+3%), and higher volumes (+6%).

Working capital was higher in Q1 FY23 primarily due to robust growth of 27% in sales, short-term inventory build-up due to strong demand and uncertainties in supply-chain, and an increase in receivables on the back of strong growth in LATAM. However, without reduced factoring and FX impact, the increase in net working capital on a sequential basis would have been lower at Rs. 1,931 crores.

 

Robust growth led by significant pick-up in realizations and higher volumes in a challenging macro-environment.

 

EBITDA grew by 26% YoY to Rs. 2,342 crore as against Rs. 1,862 crore in Q1 FY22. The EBITDA margin for the quarter is 21.6% .Significant uptick in realizations supported by efficient supply chain management aided in maintaining EBITDA margins despite inflationary. After a strong end to FY2022, the company continued to see solid growth momentum in Q1 FY23, as the strong agri commodity prices drove significant uptick in price realizations as well as healthy demand from growers. The EBITDA margin remained largely intact despite the significant input cost inflation and a challenging macro-economic environment exacerbated by geopolitical issues. This was driven by proactive pricing actions coupled with efficient supply chain management that led to the strong topline growth getting translated into robust operating profitability growth as well.

Better pricing and efficient supply chain management helped improve margins both YoY and sequentially. The EBITDA margin is marginally lower due to higher investments in SG&A as the company focused on building teams and capabilities to grow its differentiated and sustainable portfolio, and normalization of overheads post-Covid.

 

On 2nd August 2022, the stock closed at Rs. 736.95, down by 3.96%.

 

Valuations:

The return on equity (ROE) is 16.7% for the quarter ended June 2022. The price to earnings (P/E) ratio stood at 14.1. The return on capital employed (ROCE) for the company is 15.6%. The price to book value of  United Phosphorus Limited is 2.28. The EV/EBITDA is 24.5 and the EV/Sales is 7.43.

 

Cipla Q1 results: Lower Covid-19 drug sales to hamper revenue growth

 

Ashok Leyland Q1 FY23 Result Update. Volume growth to improve net profit; revenue doubles.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Infosys reports a net profit of Rs.5,350Cr. in Q1 FY23. 

 

L&T Technology Services Ltd Q1 Results Update.

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

 

 

 

 

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Reliance Plans ₹8,000 Crore Expansion to Boost Beverage Manufacturing Nationwide
Business, Equities, Market News, Markets, Research, Result Updates - August 2, 2022

Varun Beverages Q1 FY23 Result Updates. Two-fold jump in revenue; PAT at Rs 802 cr

 

Varun Beverages Q1 FY23 Result Updates.

Two-fold jump in revenue; PAT at Rs 802 cr

 

Varun Beverages, PepsiCo’s largest franchise bottler, reported a net profit of Rs. 802 crores, jumped by 151.6% YoY from 318.8 crores driven by high growth in revenue from operations, and improvement in margins, and transition to a lower tax rate in India.

Despite the inflationary raw material environment, the company witnessed a limited impact on the gross margins during the quarter because of the early stocking of key raw materials and improvement in realizations. Gross margins for the quarter reduced by 302 bps to 50.5% from 53.5% in Q1 FY22 primarily because of an increase in preform prices by 30% over Q1 FY2022.

 EBITDA (earnings before interest, tax. depreciation, and amortization) increased by 119.1% to Rs. 12,50.6 crores, and EBITDA margin improved by 194 bps to 25.2% in Q2 CY2022 led by the higher realization and operating leverage from increased sales volume.

 

Robust volume growth to increase revenue.

 

Net Revenue from operations grew by 102.3% YoY to Rs. 49,54.8 crores primarily because of robust volume growth (increased by 96.9% to reach 30 crores cases) and improvement in net realization (increased by 2.7% to Rs. 165). The company’s continued efforts towards expanding the distribution network (3 mn+ outlets) and return of strong demand across the markets after two years of pandemic-related disruptions during the peak season led to robust sales volume growth.

Realization per case improved by 2.7% to Rs. 165 per case driven by price hikes in select SKUs, reduction in discounts/incentives, and improvement in the mix. CSD constituted 73%, JBD 9%, and Packaged Drinking Water 18% in Q1 FY23. Sales volumes in India grew by 106.4% in Q1 FY2023 to 26.2 crores cases and in International markets grew by 49.2% to 3.8 crores cases.

 

Depreciation increased by 18.9% on account of capitalization of assets and Finance costs remained flat.

Total expenses were at Rs 3,966.42 crore as compared to Rs 2,087.79 crore.

On 1st August the stock closed at Rs. 926.10, down by 0.10%.

Valuations:

The return on equity (ROE) is 18.6% for the quarter ended June 2022. The price-to-earning (P/E) ratio stood at 46.4. The return on capital employed (ROCE) for the company is 17.4%. The price to book value of Varun Beverages Ltd is 12.5. The EV/EBITDA is 24.5.

 

 

Cipla Q1 results: Lower Covid-19 drug sales to hamper revenue growth

 

Ashok Leyland Q1 FY23 Result Update. Volume growth to improve net profit; revenue doubles.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Infosys reports a net profit of Rs.5,350Cr. in Q1 FY23. 

 

L&T Technology Services Ltd Q1 Results Update.

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

 

 

 

 

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Bosch Ltd Q2 FY26: Auto Demand Boosts Sales, Profit Inches Up Despite Higher Costs
Business, Equities, Market News, Markets, Research, Result Updates - August 1, 2022

Ashok Leyland Q1 FY23 Result Update. Volume growth to improve net profit; revenue doubles.

Ashok Leyland Q1 FY23 Result Update.

Volume growth to improve net profit; revenue doubles.

Ashok Leyland reported net profit of Rs. 68 crores fo the quarter ended June 2022 pushed by strong volume growth. The firm had incurred a loss of Rs 282 crore during the June quarter of the previous financial year,

The revenue for the quarter stood at Rs 7,223 crores from Rs. 2951 crores, up by 144.76% YoY. The expansion in revenues and efficient cost management led to improvement in net profit. The softening of commodity prices, in particular for steel, should impact  margins positively. The revenue was Rs. 8,744 crores for the march quarter.

 

The company’s domestic medium and heavy commercial vehicle (M&HCV) volume grew 189% and market share increased from 27% to 30%. Its share in the truck market stood at 31.1% for the first quarter of the current financial year, versus 26.2% during June 2021.

The company’s domestic LCV (light commercial vehicle) volume in Q1 of FY23 was 14,384 units, up 66% over 8,690 units in Q1FY22. Export volume (MHCV & LCV) for the Jnne quarter was 2,527 units, up 76% over the same period last year (1,437 units). Export volume (MHCV & LCV) for Q1 FY’23 at 2527 nos. is higher than same period last year by 76% (1437 nos.).

 

The company’s total expenses during the quarter rose by 114% driven by the increase in steel prices. The expenses during the quarter was Rs. 7153 crores.

EBITDA for Q1 FY23 was at Rs. 320 Cr as against a loss of Rs. 140 Cr in the previous year. The operating margin for the quarter is 9.09% as against the previous quarter 12.03%.

The stock is trading at Rs. 154.25  as compared to the previous close of Rs. 149, up by 5.25 points or by 3.52%.

 

Valuations:

The return on equity (ROE) is 1.68% for the quarter ended June 2022. The price to earning (P/E) ratio stood at 593. The return on capital employed (ROCE) for the company is 6.25% . The price to book value of Ashok Leyland Ltd is 6.23. The EV/EBITDA is 20.4

 

 

 

 

 

 

Infosys reports a net profit of Rs.5,350Cr. in Q1 FY23. 

 

L&T Technology Services Ltd Q1 Results Update.

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

 

 

 

 

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Kia India Posts 14.43% Yearly Sales Growth in May 2025
Business, Equities, Market News, Markets, Research, Result Updates - August 1, 2022

Cipla Q1 results: Lower Covid-19 drug sales to hamper revenue growth

Cipla Q1 results: Lower Covid-19 drug sales to hamper revenue growth

 

Cipla reported a net profit of Rs. 686.40 crores foe the quarter ended June 2022, slipped by 3.96% YoY from Rs. 714.72 crores. However, the net profit jumped sequentially from Rs. 362 crores, up by 89.6%. Consolidated revenues for the company stood at Rs. 5,375 crore, fell by 2% YoY compared to Rs. 5,504 crores . The fall in revenue was due to normalisation in the share of Covid-19 drugs in the branded prescription business. On a sequential basis, the revenue is higher by 2.2% from Rs 5,260 crores in the previous quarter.

 

There were no exceptional items for the June quarter under review. However, there were exceptional items of Rs. 57.50 crores in the previous quarter and Rs. 124.6 crores in the year-ago quarter.

Other income increased to Rs.103.43 crores as compared to Rs.64.02 crore in March and Rs. 64.93 crore in the same quarter last year.

 

Continued core portfolio momentum across businesses.

 

The Indian business grew by 9% driven by core brands, wellness portfolio, and growth in trade generics in the tier-2 to tier 6 cities,after excluding the covid drugs.

Cipla’s revenues from its North American business rose by 10% to $155 million, led by respiratory and peptide assets.

Overall  South Africa region declined by 10% on a YoY basis in USD terms. Strong demand continues with South Africa private business continuing to outperform market.

Strong Direct to Market (DTM)  growth across geographies; offset by forex volatility in emerging markets and muted B2B demand in Europe.

R&D investments stands at Rs. 274 crores or 5.1 % of sales; Higher 4% YoY driven by ongoing clinical trials on a respiratory asset and other developmental efforts.

 

EBITDA (earnings before interest, tax, depreciation and amortization) for the quarter fell by 15% YoY to Rs 1,143 crores while on a sequential basis, it improved by 50%. However, the previous quarter EBITDA included a one-time COVID inventory and other charges.

Cipla reported operating profitability of 21.3% which is well within its full year guidance of 21-22 percent range but on a YoY basis, the margins are down 318 bps.

 

The net margins however, were down 22 bps on year to 12.8% led by higher other income and lower tax expenses. The company’s cost rigor and calibrated pricing actions have helped offset inflationary cost elements, insulate margins while maintaining high serviceability.

 

On  01th August 2022, the stock is trading at Rs. 1003.15 as compared to the previous close of Rs. 977.40, up by 27.60 points or by 2.82. The stock opened at Rs. 990. The market cap of the company is Rs. 81,102 crores.

 

Valuations:

The debt to equity ratio (D/E) for the quarter ended June 2022, stood at 0.05. The total debt increased from RS. 1056 crores in the March quarter to Rs. 1084 crores in the June quarter. The return on equity (ROE) and return on assets is 13.9% and 10.3% respectively. The price to earning (P/E) ratio stood at 32.2  . The price to book value of Cipla Ltd is 3.84. There is a growth in free cash flow generation led  by prudent working capital management and optimised capex drive. Net cash positive position continues this quarter reflects strong capital structure. The cash balance of June quarter is Rs. 5211 crores from Rs. 4965 crores in the previous quarter.

 

 

 

 

 

 

 

Infosys reports a net profit of Rs.5,350Cr. in Q1 FY23. 

 

L&T Technology Services Ltd Q1 Results Update.

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

 

 

 

 

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Godha Cabcon & Insulation Reports Q1 2026 Results
Banking, Business, Equities, Market News, Markets, Research, Result Updates - July 30, 2022

HDFC Limited Q1 FY23 Result Update: Individual loan book strengthens, NII misses estimates.

HDFC Limited Q1 FY23 Result Update: Individual loan book strengthens, NII misses estimates.

Housing Development Finance Corporation Limited reported net profit of Rs. 3,669 crores compared to Rs. 3,001 crores, representing a growth of 22% YoY. The drag on net profit was due to increase in provisions, which went up to Rs 510 crore for the June quarter from Rs 450 crore in the March quarter.

The company recorded net interest income (NII) of Rs. 4,447 crores as compared to Rs. 4,125 crores estimated by the analysts. The monetary policy and interest rate actions have had a short-term impact on the net interest income and to a slightly lesser extent on the net interest margin. This has been due to the transmission lag between the interest rate increase in borrowing costs and the increase in lending rates.

In the corresponding quarter of the previous year, due to the second wave of COVID-19, there was ample liquidity in the system and consequently, overnight interest swap rates fell to very low levels, thus expanding Net Interest Income (NII) and Net Interest Margin (NIM). The reported NIM during the quarter ended June 30, 2022 was 3.4%

On account of volatile equity markets, the net gain on investments fair valued through the profit and loss account stood at Rs. 8 crore (PY: ₹ 402 crore)

Dividend income stood Rs. 687 crore (PY: Rs. 16 crore) and Profit on Sale of Investments Rs. 184 crore (PY: Rs. 263 crore).

Non-interest expense ratios were higher largely due to an increase in upfront expenses on staffing, loan processing, branch expansion and information technology to enable meeting the increased demand for home loans. These expenses have been incurred upfront, though benefits will accrue over the ensuing quarters.

On an AUM basis, the growth in the individual loan book was 19%. This marks the highest percentage growth in the individual loan AUM in 8 years.

Disbursements surged during the quarter to Rs 42,000 crores. Individual loan disbursals grew by 66% YoY. The affordable housing loan segment showed a healthy growth of 10% for the June quarter, however, lower than the 14% growth seen a year ago.

The lender holds Rs 13,328 crore or as total provisions against potential delinquencies.

HDFC’s provision coverage ratio remains high. Gross bad loans improved to 1.78 percent of the total loan book for the reported quarter from 2.28 percent in the year-ago period. This was due to a fall in delinquencies in the non-individual loan book and also resolutions.

Delinquencies in the non-individual loan book fell to 4.44 percent for the June quarter from the peak of 5.05 percent in the December quarter of FY22. In the March quarter, delinquencies were at 4.77 percent. Those of the individual book, too, marginally improved to below 1 percent.

The mortgage lender’s revenue from operations increased 13.5% to Rs 13,240 crore as compared to Rs 11,657 crore in Q1 FY22.

The demand for home loans and the pipeline of loan applications remains strong for the quarter. Growth in home loans was seen in both, the middle income segment as well as in high end properties, with 92% of new loan applications received through digital channels.

The average size of individual loans stood at Rs 35.7 lakh compared to Rs 33.1 lakh in FY22. Individual loans comprise 79% of the AUM.

 

After the announcement of the result the shares of the company closed at Rs. 2377.80, up by 40.25 points or by 1.72% as compared to the previous close of Rs. 2337.55. The stock opened at Rs. 2356. The market cap of the company is Rs. 431,444 crores.

 

Valuations:

The cost-income ratio for the quarter ended June 30, 2022, stood at 9.5%. The Corporation’s capital adequacy ratio (CAR) stood at 21.9%, of which Tier I capital was 21.4% and Tier II capital was 0.5%. As per the regulatory norms, the minimum requirement for the capital adequacy ratio and Tier I capital is 15% and 10% respectively. The debt to equity (D/E) ratio is 2.83. The return on earnings (ROE) stands at 13.4%. The company’s net interest margin (NIM) is 3.4% during the quarter. The price to earning ratio (P/E) of the company is 18.9. The price to book value (P/B) of HDFC LTD is 2.40.

 

 

 

 

Tech Mahindra Q1 Result Update: Net profit falls 16% to ₹1,131.6 cr; revenue rises 25%

 

 

CANF net profit at Rs.162.21Cr. in Q1FY23.

 

 

 

 

 

 

 

Infosys reports a net profit of Rs.5,350Cr. in Q1 FY23. 

 

L&T Technology Services Ltd Q1 Results Update.

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

 

 

 

 

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Nestle India reported a net profit of Rs. 515 crores:
Business, Equities, Market News, Markets, Research, Result Updates - July 29, 2022

Tech Mahindra Q1 Result Update: Net profit falls 16% to ₹1,131.6 cr; revenue rises 25%

Tech Mahindra Q1 Result Update: Net profit falls 16% to ₹1,131.6 cr; revenue rises 25%.

 

On 25th July 2022, Tech Mahindra Limited reported a net profit of Rs. 1,131.6 crores and fell by 16.3% YoY from Rs. 1353.2 crores. The fall in the net profit was driven by the high costs. Sequentially the net profit declined by 24.8% QoQ from Rs. 15.5.6 crores.

However, the revenue beats the estimates. The company reported the revenue of Rs. 12,708 crores for the June quarter, up by 24.6% YoY from Rs. 10,197 crores. The revenue was up by 4.9% QoQ over Rs. 12116.3 crores. Dollar Revenue was up 1.5% QoQ and in CC term grew by 3.5% QoQ to USD 1,632 million. Rupee revenue grew by 4.9% QoQ to Rs.  1,27,07.9 crores driven by growth in communication, enterprise at 3.9%, 3.2% in constant currency term,

Technology, retail, manufacturing verticals registered healthy growth of 6.3%, 5.7%, 4.3% QoQ, while BFSI declined by 2.7% QoQ due to currency headwind.

 Earnings before interest, taxes, depreciation and amortization stood at ₹1,880 crore, slipped by 10% QoQ from and up by 0.2% YoY.

The company recorded earnings before interest and tax of Rs. 1403.4 crores and slipped by 9.2% YoY from Rs. 1545.3 crores and down by 12.5% QoQ from Rs. 1604.2 crores.

EBIT margin for the quarter is 11% compared with 13.2% in the previous quarter and 15.2% in Q1 FY 22. The margins were down due to a partial wage revision, lower utilization, and a normalization in SG&A spend.

DSO increased by 3 to 100 sequentially. Nearly 75% of the increase is due to currency movement.

The total contract value (TCV) came in at $802 million down 21% YoY. Sequentially, TCV was down by 1.6% from $1,011  million. The TCV in Q1 FY22 was $815 million.

The company hired 6,862 freshers in the June quarter as compared to 6,106 in Q4FY22. Net headcount is at 158,035, up 6,862 QoQ. Attrition for the June quarter fell to 22% from 24% in the March quarter but was higher than 17% in the year-ago quarter.
The number of clients in the $50 million-plus bracket is at 23. Clients in the $20 million-plus bracket soared to 60 from 54 sequentially and in the $10 million-plus bracket to 104 from 97.
Headcount of software professionals increased by 26% YoY to 88,030. Sales and support and BPO professionals also improved YoY by 28.2% and 23.6%, respectively.
The shares of the company are currently trading at Rs. 1054.15, up by 16.60 points or by 1.53% as compared to the previous close at Rs. 1038. The stock opened at Rs. 1055. The market cap of the company is Rs. 102,569 crores.

 

 

 

 

 

 

 

 

 

 

 

Infosys reports a net profit of Rs.5,350Cr. in Q1 FY23. 

 

L&T Technology Services Ltd Q1 Results Update.

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

 

 

 

 

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