Q1 Results FY2023: NTPC, Cipla, Emami, Exide Industries, EIH announce June quarter results - highlights

Q1 Results FY2023: Several listed companies announced their quarterly results on Friday. Among them were state-run NTPC, Exide Industries, Cipla and EIH. Here are top highlights of the quarterly earnings reported by these companies.

NTPC Q1 Results FY2023: net profit rises 15% to Rs 3,978 cr

State-owned NTPC on Friday posted a more than 15 per cent increase in consolidated net profit to Rs 3,977.77 crore in the June quarter on the back of higher income.

The consolidated net profit of the company in the quarter ended on June 30, 2021 was at Rs 3,443.72 crore, according to a filing to BSE.

Its total income rose to Rs 43,560.72 crore in the first quarter of the current fiscal from Rs 30,390.60 crore in the same period of the last year.

The expenses stood at Rs 38,399.33 crore in the latest June quarter compared to Rs 26,691.49 crore in the year-ago period.

In the June quarter, NTPC's gross power generation was at 86.88 billion units compared to 71.74 billion units in the same period a year ago.

Domestic coal supply for its plants in the latest quarter under review stood at 51.24 million tonnes, up from 45.81 million tonnes in the year-ago period.

Its coal production (from captive mines) in the June quarter stood at 4.10 million tonnes, up from 2.46 million tonnes in the same period a year ago.

Coal imports of the firm rose to 4.33 million tonnes in the three months ended June from 0.47 million tonnes earlier.

Average power tariff of the company was Rs 4.57 per unit in April-June 2022 period compared to Rs 3.73 per unit in the same period a year ago.

NTPC is the country's largest power utility with an installed capacity of 69,134.20 MW, including joint ventures.

NTPC shares today ended at Rs 152.85 on the NSE and were up 1.7 per cent from the last closing price on Thursday.

EIH Q1 Results FY2023: posts Rs 65.86 crore profit in June quarter

EIH Ltd, which runs the Oberoi chain of hotels and resorts, on Wednesday reported a consolidated net profit of Rs 65.86 crore for the first quarter ended June.

The company had posted a loss of Rs 114.25 crore in the corresponding period of the previous fiscal.

EIH revenue from operations was up four-fold to Rs 394.29 crore during the quarter under review. It stood at Rs 95.24 crore in the corresponding period of the previous fiscal.

Its total expenses were at Rs 334.63 crore, up 43.44 per cent in the latest June quarter compared to the year-ago period.

EIH Ltd shares on Wednesday settled at Rs 149.60 apiece on BSE, down 3.36 per cent from the previous close.

Exide Industries Q1 Reults 2023: PAT rises five-fold to Rs 202.44 crore

Battery maker Exide Industries on Friday reported an over five-fold rise in consolidated net profit after tax to Rs 202.44 crore for the first quarter ended June 30, driven by higher revenue.

The company had posted a consolidated net profit after tax of Rs 31.81 crore in the same quarter last fiscal, Exide Industries Ltd said in a regulatory filing.

Its consolidated revenue from operations during the first quarter stood at Rs 4,021.77 crore against Rs 2,565.54 crore in the year-ago period, it added.

Total expenses during the quarter were higher at Rs 3,771.75 crore compared to Rs 2,420.79 crore in the same period previous fiscal.

"In the automotive vertical, volumes jumped sharply in Q1FY23 compared to Q1FY22, driven by strong demand, primarily from the replacement market," the company said.

Demand across the industrial vertical was significantly upbeat than the previous year and a pick-up in commercial and business activity also contributed to overall buoyancy in the market, it added.

Exide Industries Managing Director and CEO Subir Chakraborty said while there was a strong growth momentum, high commodity prices leading to an escalation in raw material costs along with a hike in fuel and freight costs continued to be a drag in the quarter.

On the outlook, he said, "We expect the demand scenario to remain buoyant in the near term, both in automotive and industrial verticals. This, combined with expected stabilisation and softening of commodity prices is likely to support growth and operating margins in the immediate future".

Chakraborty also said the company's lithium-ion cell manufacturing plans are on track.

Exide Industries shares today ended at Rs 158.40 on the NSE and were up 1.5 per cent from the Thursday closing price.

Cipla Q1 Results FY2023: net profit dips marginally to Rs 706 cr

Drug major Cipla on Friday posted a marginal decline in its consolidated net profit to Rs 706 crore for the first quarter ended on June 30, 2022.

The Mumbai-based company had reported a net profit of Rs 710 crore in the April-June quarter of the last fiscal.

Total revenue from operations declined to Rs 5,375 crore in the June quarter as compared with Rs 5,504 crore in the year-ago period, Cipla said in a regulatory filing.

Cipla shares ended 1.08 per cent up at Rs 978.15 apiece on the BSE.

Emami Q1 Results FY2023 PAT down 7% to Rs 73 cr

Homegrown FMCG firm Emami Ltd on Friday reported 6.55 per cent decline in June quarter profit after tax (PAT) at Rs 72.69 crore.

The company had posted a PAT of Rs 77.79 crore in April-June 2021-22, Emami said in a regulatory filing.

However, revenue from operations was up 17.75 per cent to Rs 778.29 crore during the quarter under review as against Rs 660.95 crore in the year-ago period.

"Unprecedented inflationary headwinds continued to impact the FMCG sector leading to softening of consumer sentiment across urban and rural markets, resulting in lower margins during the quarter," said Emami in its earning statement.

In the quarter, margins contracted by 340 basis points due to inflationary pressures combined with an unfavourable portfolio mix due to extraordinary high sales of pain management products last year, it said.

Despite the overall challenging macro environment, Emami's consolidated revenues grew "on a high base of 37 per cent growth in the previous year with 2 per cent EBIDTA growth".

In June quarter, Emami's domestic net sales grew 13 per cent with volume growth of 8 per cent.

"The quarter was dominated by a strong performance of major brands like Navratna, Kesh King and Fair and Handsome. However pain management and healthcare range, particularly the immunity portfolio, witnessed corrections on account of exceptional growth in the same quarter last year due to the 2nd wave of the pandemic," it said.

Its healthcare range and the acquired brand Dermicool, and other brands witnessed growth of 30 per cent in the domestic business, said Emami.

During the quarter, both modern trade and e-commerce continued to perform well and posted a growth of 42 per cent and 55 per cent, respectively.

"In Q1FY23, the contribution of modern trade and e-commerce channel increased to 15.8 per cent of domestic revenues," it said.

Revenue from the canteen stores department (CSD) sales also grew 23 per cent.

Its international business grew 45 per cent over the previous year led by key geographies like the Middle East and North Africa (MENA) and SAARC.

"All major brands performed well in the international markets," it said

Total expenses were at Rs 778.29 crore in the quarter as against Rs 491.24 crore.

Meanwhile, in a separate filing, Emami said it board in a meeting held on Friday appointed Anand Rathi, Anjani Agrawal, Anjan Chatterjee, Avani Davda and Rajiv Khaitan as independent directors of the company, which will be subject to shareholders' approval.

Emami Ltd Shares settled at Rs 450.05 apiece on Friday, down 0.98 per cent on the BSE.

Inputs from PTI