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Godha Cabcon & Insulation Reports Q1 2026 Results
Business, Markets, Result Updates - August 2, 2022

Revenue soars three-fold for Barbeque Nation in Q1 FY23:

Revenue soars three-fold for Barbeque Nation in Q1 FY23:

Barbeque-Nation Hospitality Ltd, which is one of the leading dining chains, on Monday, reported a net profit of Rs 16.02 Cr for June quarter 2022. The company had clocked a net loss Rs 43.85 Cr. in June 2021. Its revenue from operations was at Rs 314.86 Cr. during Q1 FY22 as against low revenue for March 2022 quarter. In Q1 FY21, Barbeque-Nation Hospitality’s revenue from operations was at Rs 101.97 Cr. Barbeque-Nation Hospitality total expenses were at Rs 244,41 Cr. 

The Earnings Before Interest, Tax & Depreciation (EBITDA) stands at Rs. 73.4 Cr. VS a loss of Rs.10.4 Cr. in Q1FY22, margin stood at 23.3%. Profit Before Tax (PBT) stood at Rs. 20.8 Cr. as against Loss Before Tax of Rs. 55.9 Cr. in Q1FY21. The same-store sales growth of 182% (Y-o-Y) and dine-in to delivery revenue mix of 87% and 13% respectively.

 

What were the key drivers in the growth of revenue?

As per the management, they have opened 11 new restaurants which helped in growth of sales making overall network to 195 restaurants. The gradual opening of the economy has also contributed in dine-in and delivery channels. The cumulative Barbeque Nation App downloads were 4.7mn, 61% increase over June 21. The strong profitable growth across Toscano business and Barbeque Nation international business also were witnessed. The dine-in segment of the company demonstrated a robust growth of 6x compared to previous year and 32% growth from the previous year. The company has a 4 pillar growth namely Barbeque Nation India, Delivery segment, Toscano and Barbeque Nation international and is focused to grow each of these verticals to build one of India’s largest food services company owning its restaurant.

 

Valuations:

The EPS for the firm is currently is at Rs. 8.28 and P/E ratio for the stock is 147 times making it expensive for investors. The 5 yrs P/E and 3yrs P/E is -122. ROCE and ROE for the scrip is at 3.76% and -9.68 % respectively. The P/B is 12.3 times for Q1 FY23 and Debt to equity ratio stands at 1.58. It is currently traducing at Rs. 1,221 up by 2.15%.

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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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Navratri Demand + GST 2.0: How India’s Auto Sector Hit New Heights
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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Deepak Fertilizers and Petrochemicals reported a net profit of Rs. 434 Cr.
Markets, Result Updates - August 1, 2022

Deepak Fertilizers and Petrochemicals reported a net profit of Rs. 434 Cr.

Deepak Fertilizers and Petrochemicals reported a net profit of Rs. 434 Cr.

Deepak Fertilizers reported total revenue of Rs. 3031 Cr. in June 2022. The chemicals segment contributed around 87% of total profit. Chemicals revenue was at Rs. 1771 Cr, double from the previous year’s same quarter. The fertiliser segment’s revenues increased by 26% YOY. EBITDA margins increased from 15.2% in Q1 FY22 to 24.3% in Q1 FY23. The specialty segment portfolio grew by 321% YOY from Rs. 173 Cr. in Q1 FY22 to Rs. 729 in Q1 FY23.

Future Developments

The Greenfield ammonia plant is under development and is moving ahead as per the planned schedule. The farmer connect initiatives have increased customer experience, which will be instrumental in building market position in the crop nutrition business. The second quarter is a seasonally low period for mining activity due to the monsoon. The prices of imported Ammonium Nitrate (AN) have started to moderate. The TAN business aims to effectively compete on pricing to ensure reliability and supply security. The demand and pricing for nitric acid are relatively passive as they are typically expected during the monsoon season. The focus on customised offerings for the Solar/Steel and Parma sectors will help to gradually position Acids/IPA as a specialty chemical sector. A gradual slowdown of the raw material and ammonia prices would also help to sustain a reasonable delta for the TAN/Acid businesses.

Valuations:

EPS for the company is Rs. 36.13 compared to Rs. 23.19 in the previous quarter. The P/E ratio for the stock is at 9.15 times and 3 years’ P/E is at 7.69 times. The ROCE and ROE are 19.8% and 20.7%, respectively. The debt to equity ratio is 0.68. The interest coverage ratio is 10.5 and the dividend payout ratio is 16% for the year ending March 2022. The script closed at Rs.746, up by 4.99% or 35.50 points, which is its upper circuit. 

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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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TSC India Posts Strong Q1 2026 Results: Revenue and Profit Surge Fuel Optimism
Markets, Real Estate, Result Updates - August 1, 2022

Aurum Proptech will deliver a strong growth

Aurum Proptech will deliver a strong growth

Aurum Proptech recorded revenue of Rs. 14.64 Cr. in Q1 FY23 compared to NIL in Q1 FY22 and reported 8.1 Cr. in Q4 FY22 with a change of 78.9%. The company realised a loss of Rs. 6.85 Cr. in Q1 FY23 compared to a loss of Rs. 4.89 Cr. sequentially. EBITDA was at a loss of Rs. 5.69 Cr for the quarter compared to a loss of Rs. 6.22 in March 2022. Up by 9.3%, they managed to reduce their losses. The SAAS segment contributed revenue of Rs. 5.11 Cr. and the Real Estate as a Service (RAAS) contributed Rs. 9.53 Cr. The company reported other expenses of Rs. 11.27 Cr., which is a main negative point for the company.

 

Robust growth is expected from Helloworld in FY23.

Aurum Proptech now has five subsidiaries. K2V2 contributed around 9.8 Cr of the total revenue, whereas Helloworld recorded a total of 2.34 Cr. in the 15 days of its incorporation and is expected to give revenue of Rs. 15 Cr. of its own by the end of the current fiscal year. The management is optimistic about its future growth and has already tied up with the top developers. The company is operational in 15 cities and is currently mainly focused on Pune, Mumbai, Bangalore, and Delhi.

They received approval for two wholly owned subsidiaries, namely the Aurum software and solutions. The company calls for money from its rights issues by the end of FY23. We believe the stock at CMP still offers a risk-free upside of about 20% return (in three months) for any funds that do not pay any taxation on dividend income and thus offers a good special situation opportunity.

 

Valuations:

The ROE is at -6.50 % and ROCE at -9.04%. The debt to equity ratio is 0.04, which is a good sign as the company won’t have any short-term or long-term liquidity problems. The current quarter’s EPS was Rs. 1.93, with a P/E ratio of 14.74. The scrip was trading at Rs. 109 on Monday, up by 0.51 points. 

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Business, Markets, Result Updates - July 30, 2022

Chalet hotels reports a massive jump in the revenue:

Chalet hotels reports a massive jump in the revenue:

Chalet Hotels posted a net profit of Rs.28.55 Cr. in June 2022, compared to a loss of Rs.41.66 Cr. YOY. The company clocked up net revenue of Rs.253 Cr., up by 263% versus Rs.69.52 Cr. in June 2021 due to robust growth and higher rental incomes. The operating profit stood at Rs.102 Cr., which was up by 11% from March 2022. The Occupancy rate (OCC %) stood at 78% for the June quarter, compared to occupancy of 60% in March 2022. The Average Daily rate (ADR) was at Rs.7457 for the June quarter, higher by 37% from the preceding quarter. The domestic business travel increased by 100%, increasing profit

 

Cost reductions to increase efficiency:

The firm decreased its staff to room ratio to 0.84 from 1.18 in Q1 FY21. The division’s revenue was 5% higher from Q1 FY20 than in the pre-pandemic year. This was due to a strong recovery in business travel in the current quarter. The Revenue per room available (RevPAR) stood at Rs. 5,816/-in Q1 FY23 compared to 2,973/-in Q4 FY22 and Rs.1,252/-in Q1 FY22. EBITDA margins for the quarter were at 42%. The company reversed 16.6 million of its provisions. Hospitality sector revenue was up by 5% from June 2021 and 2.5% from the March 2022 quarter. Fixed costs were at 48% for the June quarter and reduced by 33%. Variable costs were reduced by 42% to increase operating leverage. The total number of rooms for June 2022 was 2,554 rooms.

The average payroll cost was 13%, down from 15% in the previous quarter. Renewable energy sources accounted for approximately 61% of total energy costs. The hotel intends to open a new hotel in Mumbai, which will be operational within a couple of months. They will also be upgrading the Bangalore hotel, which will be operational by December. Chalet Hotels were awarded a contract by DIAL, a good opportunity to debut in the northern Indian markets. They intend to have their 9th property with 350 to 400 rooms in the five-star deluxe space. A majority of the inventory came from metropolitan cities. It will give them entry to a major market in India.

The management is optimistic about its future opportunities and has witnessed a strong recovery trend. There is a potential area for innovation and change in the hospitality sector. Given the ongoing supply chain disruption and the surge in crude oil prices, we believe investors should wait for Q2 FY23 results before taking any further action.

Valuations:

The 5yrs P/E ratio is at -21.6 times and the stock P/E 33.34 times. The P/B ratio is at 4.86 times for Q1 FY23. The ROCE for Chalet hotel is at -0.12% with a Debt to equity ratio of 1.94% indicating that the company is borrowing more from the market to fund its operations. The ROE for the scrip was -5.35% .The share prices closed at Rs. 318 on Friday, down by 3.05%. It touched a 52-week high of Rs. 345 and a 52-week low of Rs. 159. The market cap for the company is at Rs. 6,507 cr.

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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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Vishnu Prakash R Punglia Promoters’ Stake Sale: A Strategic Step to Enhance Liquidity
Markets, Result Updates - July 29, 2022

Robust growth in the June quarter, witnessed by Kokuyo Camlin :

Robust growth in the June quarter, witnessed by Kokuyo Camlin :

Kokuyo Camlin reported a net profit of Rs.8.35 Cr. compared to Rs.2.94 Cr. in March 2022. The firm clocked in Rs. 196.15 Cr., up by 20.24 % from Rs. 163.95 Cr. in the previous quarter. The EBITDA margin stood at Rs. 13.54 Cr. in the June 2022 quarter compared to Rs. 7.69 Cr. in March 2022.

The demand for paper is strong in all the regions after the COVID-19 pandemic. India’s stationery market is estimated to be around USD 2.5 billion. The latter are dominating the market as this industry has a mix of both organised and unorganised players. With a literacy rate of 74% accompanied by a high population. There are numerous government programs inclined towards pushing higher studies that have resulted in new opportunities for the company. resulting in higher demand and enhanced stationery industry growth.

Camlin’s non-school product portfolio accounts for almost 50% of the total revenues and is improving in the Fine Art and Hobby domain. The company has contacted nearly 2500 hobby tutors across the country and is working with them to improve the quality of their product. The main risks for the firm are the cyclic nature of the stationary industry, economic risk, supply chain disruptions and shortage of raw materials due to the Russia-Ukraine war, etc. The company is taking steps to reduce risk while also creating value for its customers and shareholders.

We believe the share price of Kokuyo Camlin is around the same range as well. due to ongoing geopolitical issues, a slowdown in the economy and currency deprecation. Despite the fact that synergies across various distribution hubs will benefit in terms of low cost, expansion to new locations, quick roll outs, and R&D. The firm targets around 30% or more of its revenue from overseas in a ten-year time period. With the devaluation of the domestic currency, the company has opportunities to capture new markets since it has a competitive price.

The script was trading at Rs. 67.80 on Friday and was up by 0.59%, or 0.40 points. The stock touched an intraday high of Rs.69.25 and an intraday low of Rs.67.10. The 52-week high for the stock was at Rs. 79.6 and the 52-week low was at Rs. 50.5. The market cap for Kokuyo Camlin is Rs. 681Cr.

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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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