Q1 Results FY2023: BSE, Dhanuka Agritech, Inox Leisure declare June quarter results - top highlights

Q1 Results FY2023: Several listed companies announced their April-June quarter results on Wednesday. Among them were BSE, Dhanuka Agritech and Inox Leisure. Here are key highlights of the results declared by these copanies.

BSE Q1 Results FY2023: net profit down 23% to Rs 40 cr

Leading stock exchange BSE on Wednesday reported a 23 per cent decline in net profit to Rs 40 crore for three months ended June 2022.

In comparison, the exchange had posted a net profit of Rs 51.9 crore in the year-ago period, BSE said in a statement.

Total revenues grew by 6.4 per cent to Rs 197.7 crores for the period under review from Rs 185.7 crore in the corresponding quarter previous year.

BSE's average daily turnover in the equity segment dropped 28 per cent to Rs 4,057 crore in the June quarter this year as compared to last year and average daily turnover in the equity derivatives segment fell by 62 per cent to Rs 1.2 lakh crore.

On the other hand, the exchange's managed to increase average daily turnover in the currency derivatives segment by 4 per cent to Rs 24,567 crore.

During the quarter under review, the BSE platform has enabled issuers to raise Rs 3.1 lakh crore through issue of equity bonds, commercial papers, municipal bonds, infrastructure investment trusts (InvITs) among others.

The total number of investor accounts registered with BSE now stands at over 11 crore and continues to move up. This number has more than doubled in the last two years.

The exchange's mutual fund distribution platform -- BSE StAR MF -- recorded its highest-ever quarterly transactions of 5.9 crore in the first quarter of FY23, a growth of 68 per cent from 3.5 crore transactions registered in the same period last year.

BSE shares today ended at Rs 686.90 on the NSE and were down 2.5 per cent from the Tuesday closing price.

Dhanuka Agritech Q1 Reults FY2023: net profit inches up to Rs 49 cr; revenue rises 10% to Rs 410 cr

Dhanuka Agritech's net profit inched up by 1 per cent to Rs 49.11 crore for the quarter ended June compared to the year-ago period, the company said on Wednesday.

Total income grew by 10 per cent to Rs 409.58 crore in the first quarter of this fiscal from Rs 371.54 crore in the corresponding period of FY22, the Gurugram-based company said in a statement.

On the Q1 performance, Dhanuka Agritech Chairman R G Agarwal said: "This year, the rainfall has been very uneven and although the overall rainfall is above average, East and North regions have suffered from very less rainfall whereas South and West have seen unprecedented rains resulting in flooding. This impacted the 1st Quarter of the company."

Now, the rainfall has covered most of India in July except for the eastern region, therefore, we expect that rest of the year should be good for the company, he added.

Dhanuka Agritech said it will continue to focus on introducing new products in the market to cater to the growing needs of farmers.

"We have launched two such products in June. The pipeline is strong for the remaining quarters of FY'23. We would soon be launching a nationwide campaign to acknowledge and salute the contribution of our hardworking farmers," Agarwal said.

Dhanuka Agritech is also committed to bringing new technologies into the agriculture sector. It is also conducting training programmes across the country for farmers to showcase these new technologies and how to use them.

Dhanuka Group has three manufacturing units located in Gujarat, Rajasthan, and Jammu & Kashmir.

Dhanuka Group shares ended at Rs 702.90 on the NSE and were up 0.90 per cent from the Tuesday closing price.  

Inox Leisure Q1 results FY2023: company reports net profit of Rs 57 cr in June quarter

Multiplex chain operator Inox Leisure Ltd on Wednesday reported a consolidated net profit of Rs 57.09 crore for the quarter ended June, led by rising footfalls at cinema halls.

The company had posted a net loss of Rs 122.28 crore in the April-June period a year ago, said Inox Leisure in a BSE filing.

Its revenue from operations during the quarter under review was at Rs 582.26 crore, up multi-fold in comparison to the low base of the corresponding quarter of the previous year when the cine exhibition industry was impacted due to the second wave of the COVID-19 pandemic.

Inox Leisure's revenue from operations in the April-June quarter of the last fiscal stood at Rs 22.31 crore.

Total expenses were at Rs 513.01 crore, up two-fold.

Inox reported its "highest ever quarterly revenue" and "highest ever EBITDA and profit after tax".

"Q1/FY23 witnessed the best-ever quarterly performance in the history of the company on the back of robust content line-up and rising footfalls," said Inox Leisure, which completed 20 years of operations in May this year.

During the April-June quarter, 18.4 million guests visited Inox cinemas and reported its highest ever ATP (Average Ticket Price) of Rs 229.

Besides, its advertising revenues were at Rs 30 crore, showing a "steady recovery", the company said.

"After facing a severe impact on business due to the pandemic in the last two years, the company reported its best-ever quarterly performance across majority metrics...," it said.

In Q1 FY23, Inox added three new properties with 17 screens. As of June 30, 2022, Inox Leisure was operating a network of 692 screens across 163 multiplexes in 73 cities.

"Screen addition will continue in FY23 with 13 properties and 60 screens in the pipeline," it added.

Inox Group Director Siddharth Jain said: "While our best-ever quarter marks a moment of rejoice, we will also ensure that it keeps inspiring us to raise the bar, while maintaining a strong focus on customer-centricity, innovativeness and profitability.

Regarding its proposed merger with rival PVR, Inox said a joint application has been filed before the Mumbai bench of the National Company Law Tribunal (NCLT).

"...A joint application by INOX Leisure and PVR for the Scheme of Amalgamation has been filed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, with the Hon'ble National

Company Law Tribunal, Mumbai on 2nd August 2022," it said.

Inox Leisure shares on Wednesday settled at Rs 602.65 on BSE, up 0.76 per cent from the previous close.