Reliance Industries: Oil and gas giant Reliance Industries reported a consolidated profit of Rs 13,656 crore in the second quarter of 2023 compared to Rs 13,680 crore in the previous year. Transaction value increased by 33.7% to Rs 2.32 crore during the quarter due to good performance in petroleum, chemicals, telecom, and distribution activities. Consolidated operating profit, including the impact of government excise duty, rose 14.5 percent from a year earlier to 3.46 trillion rupees in July. Platform Jio reported a profit growth of Rs 4,290 crore, up 27% year-on-year, on the back of the strong business and operational performance and an increase in average revenue per user of Rs 177.2 crore year-on-year. 23.5%
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ICICI Bank: The second-largest private lender in the US reported a 37% year-on-year rise in revenue to Rs 75,580 crore in the second quarter of FY23 as its high bad debt provision fell and net income Interest increased by 26. 14,787 crore, up 5% year-on-year, with a steady increase in the net profit margin of around 30 basis points YoY.
Kotak Mahindra Bank: The bank posted a net profit of Rs 2,581 crore in the second quarter of 2023, a year-on-year growth of 27%. The net interest profit for the first quarter also reached Rs 50.99 crore, which was an increase of 27% over the previous year, and the net profit margin increased by 72 points to 5.17%. The bank also reported that quarterly asset quality metrics improved in the second quarter, while provisions and contingent liabilities fell sharply to 68% year-on-year from Rs 1.37 crore.
RBL Bank: The bank posted a profit of Rs 21.55 crore in the second quarter of FY23, up 6.5 times over the same period last year. Provisions and contingency expenses fell sharply to Rs 2.41 crore, down 26% from the previous year. In the fourth quarter, net interest income rose 16% to Rs 1,064 crore and net profit margin rose 49% to 4.55%. Overall NPAs decreased by 28 basis points from last year, but net NPAs increased by 10 basis points from last year.
Yes Bank: The lender reported a 54% rise in loan loss provisions to Rs 583 crore in Q2FY13, down 32% from Rs 153 crore a year earlier. Sign up for benefits Net interest income for the quarter was Rs 1,991 crore, up 32 percent from a year ago, and net profit margin was 2.6 percent, up 40 basis points from a year earlier.
Hindustan Unilever: Corporate profit of Rs 2,616,000 crore for the quarter ended September 2023, up 19.6% year-on-year, with domestic sales up 4%. Quarterly revenue rose 15.9% to Rs 14,751,000. EBITDA rose 7.8% to Rs 337 crore, while the profit margin declined 170 basis points to 22.9%. HUL reported interim earnings of Rs 17 per share for FY23.
Zydus Lifesciences – This company is licensed by the US Food and Drug Administration to sell ketorolac tromethamine tablets. These medications are often used to relieve moderate to severe pain after surgery. This drug will be produced in the company’s pharmaceutical factory in Ahmedabad, Free Economic Zone.
Multi Commodity Exchange of India: The company posted 94% year-on-year growth in Q3 FY23 at Rs 633 crore, operating profit up 53% to Rs 127.4 crore, and EBITDA up 94% to Rs 655 crore. received Rs. When 10 million recordings were recorded per season, the margin reached 51.4%, an increase of about 11% from the same period last year.
Torrent Pharmaceuticals: The company reported a 1.3% drop in consolidated sales at Rs 312 crore and a 50bps decline in EBITDA margin for the quarter that ended FY23. Consolidated revenue rose 7.2% to Rs 2,291 crore and EBITDA to Rs 679 crore, up 2.9% year-on-year.
Spirits Guild: The company posted revenue of Rs 563 crore and a non-recurring profit of Rs 381 crore for the fourth quarter of the financial year that ended September 23 on strong acquisition activity across 32 brands. in popular categories. Revenue was Rs 2,879.7 crore, up 17.6% year-on-year, supported by strong off-market operations reflecting trade and continued product improvements. EBITDA rose from 4.8% YoY to Rs 446 crore and the margin was 15.5%, down 190 basis points.
DLF: Real Estate Major reported that profit rose 26% year-on-year to Rs 477 crore in the fiscal quarter that ended September 23, despite lower sales due to high-profit margins and financing costs. Revenue fell 12% to Rs 1.23 crore and EBITDA to Rs 436.7 crore, down 4.7% from a year earlier, but profit margin recorded 33.5%, up 260 basis points from a year earlier.
Tejas Networks: The company reported consolidated revenue of Rs 107 crore for the quarter that ended September, up 70.7% year-on-year. It was hit by low-profit margins and high costs but was supported by other products and services. Revenue rose 27.3% to Rs 2,199 crore, EBITDA rose 17.4% to Rs 2,150 crore, but profit margin fell 80 basis points to 9.8%.
VIP sector: The company posted its lowest figure for the year, with a consolidated profit of Rs 43.4 trillion for the quarter that ended September 23, up 135% year-on-year. Our results for the second quarter of fiscal 2022 were impacted by the second wave of the coronavirus. Revenue rose 56% to Rs 51.47 crore and EBITDA rose 71.2% to Rs 716 crore, up 13.9%, up 120 basis points from a year earlier.
Crisis: The review reported that consolidated revenue for the quarter ended FY23 was Rs 147.9 crore, up 31% year-on-year, revenue was Rs 683 crore, up 19.6%, and EBITDA I was Rs 151.5 crore, up 3.4%. last year. However, margins for the quarter were 22.2%, down 350 basis points from a year earlier.
Sasken Technologies: The company announced on September 23 that consolidated profit for the quarter ended September 23 rose 136% sequentially to Rs 359 crore. This was mainly due to other income (compared to the previous quarter’s loss). Revenue rose 18.5% sequentially to KRW 12 billion. At the same time, the company declared a dividend of Rs 12 per share.