Coal India Quarterly Results, Q2 Earnings OUT - Interim dividend announced; check details
Quarterly Results Today, Q2FY23 earnings: Quarterly Results and Q2FY23 earnings of many big business entities were announced on Monday i.e. 7th November 2022. Q2FY23 results of these companies were highly anticipated in the wake of developments that unfolded in the last September Quarter of FY23. Q2FY23 Earnings of COAL INDIA, CEAT, Ujjivan Small Finance Bank Ltd, PB Fintech Ltd (PolicyBazaar), INDIA CEMENTS and others were announced on Monday i.e. 7th November 2022. Here are all the DETAILS, Latest News on Quarterly Results, Q2FY23 earnings announcements and September Quarter FY 23 Financial Details:-
Quarterly Results Today, Q2FY23 earnings: Quarterly Results and Q2FY23 earnings of many big business entities were announced on Monday i.e. 7th November 2022. Q2FY23 results of these companies were highly anticipated in the wake of developments that unfolded in the last September Quarter of FY23. Q2FY23 Earnings of COAL INDIA, CEAT, Ujjivan Small Finance Bank Ltd, PB Fintech Ltd (PolicyBazaar), INDIA CEMENTS and others were announced on Monday i.e. 7th November 2022. Here are all the DETAILS, Latest News on Quarterly Results, Q2FY23 earnings announcements and September Quarter FY 23 Financial Details:-
Latest Updates
Coal India Quarterly Results: Q2 Earnings Announced! Check consolidated net profit, interim dividend and other details
Coal India Ltd on Monday reported a consolidated net profit of Rs 6,044 crore for the second quarter ended September 2022, a jump of 106 per cent over the corresponding quarter profit of Rs 2,932 crore registered last year.
The miner registered net sales of Rs 27,538 crore for the quarter under review, a rise of 29 per cent in the same quarter of the previous year's net revenue of Rs 21,292 crore.
Higher demand for coal due to global shortage has helped better auction realisations.
On a sequential basis, the net profit declined from Rs 8,834 crore in the previous June quarter (Q1 FY23).
The total expense during the quarter was Rs 23,770 crore while it was Rs 20,424 crore in the corresponding quarter of FY22.
The dry fuel miner sold 10.36 million tonnes through e-auctions in the September quarter with an average realisation of Rs 6,061 per tonne. Regulated sales stood at 141.64 million tonnes.
The raw coal production during the second quarter improved to 139.22 million tonnes as compared to 125.83 million tonnes in the same period of last year.
Coal India board announced an interim dividend of Rs 15 per share.
Coal India Quarterly Results, Dividend
The Board of Directors at its meeting held on date has inter alia, declared 1st Interim Dividend for the financial year 2022-23 @ Rs. 15.00/- per share of the face value of Rs 10/- as recommended by the Audit Committee of CIL at its meeting held on date.
As already intimated to stock Exchanges vide letter no CIL:XI(D):4157/4156:2022 dated 26.10.2022, the company has fixed Wednesday, 16th Nov’ 2022 as the “Record Date” for the purpose of declaration of 1st Interim Dividend on equity shares for the Financial year 2022-23. The date of payment/despatch of “1st Interim Dividend” shall be by 6th Dec’ 2022.
Coal India Quarterly Results: Q2 Earnings OUT - Rs 15 per share interim dividend announced
Twitter delaying changes to check mark badges after US midterm elections: Report
Twitter is planning to defer the rollout of the verification check marks to its subscribers of the new USD 7.99 a month subscription service until after Tuesday's midterm elections in the US, amid concerns over the spread of false information, a media report has said.
The midterm elections on November 8 will decide the control of the US Congress and other important governorships.
The social media company made the call a day after announcing that it was rolling out the programme for subscribers to receive a verification check mark on their profile for the monthly fee.
BSE Ltd. (BSE) has announced its unaudited consolidated and standalone financial results for the quarter ended September 30, 2022
-BSE’s consolidated Total revenues has grown by 6% to Rs. 239.8 crores for the quarter ended September 30, 2022, from Rs. 225.8 crores in the corresponding quarter of previous year
-BSE’s operational revenues have grown by 5% to Rs. 197.7 crores for the quarter ended September 30, 2022, from Rs. 188.8 crores in the corresponding quarter of previous year
-Consolidated EBITDA for the quarter ended September 30, 2022, down by 38% to Rs. 55.5 crores from Rs. 90.2 crores in previous year
-BSE has expanded its platform offerings to launch Electronic Gold Receipts and KYC KRA to service the Indian capital markets and the economy
-BSE StAR MF platform recorded its highest ever monthly transactions of 2.08 crores in September 2022, a growth of 39%, from the same period last year
Q2FY23 Results - Profectus Capital reflects 89% growth on YoY
Profectus Capital Private Limited (PCPL) has announced the financial figures for the quarter ended 30th September 2022.
Net Profit Before Tax up at Rs 8.78 crores, 149% rise
Income up at Rs 64.44 crores, 78% up
Gross NPA at 1.11%
Loan book now stands at Rs 1,833.39 crores as of 30th September 2022
Ujjivan Small Finance Bank posts highest-ever quarterly profit
Ujjivan Small Finance Bank (SFB) on Monday reported its highest-ever quarterly profit at Rs 294 crore in the September quarter, led by a strong disbursal growth and fall in bad loans.
The bank had posted a net loss of Rs 274 crore in the year-ago period. However, compared sequentially, the net profit was up by nearly 45 per cent from Rs 203 crore in the quarter ended June 2022.
In the July-September period of 2022-23, total income jumped by 63 per cent to Rs 1,139.83 crore as against Rs 699.74 crore last year, SFB said in a regulatory filing.
Interest income grew by 54 per cent to Rs 993 crore from Rs 645 crore. Net interest margin stood at 9.8 per cent for the quarter against 8.1 per cent in the second quarter of FY22.
The lender said it registered strong disbursements at Rs 4,866 crore during the quarter, up by 56 per cent from the preceding year.
Bank's gross advances at the end of the quarter under review grew by 44 per cent to Rs 20,938 crore as compared to the last year.
The Bengaluru-based SFB also showed a significant improvement in its asset quality as the gross Non-Performing Assets (NPAs/bad loans) were trimmed by half to 5.06 per cent of the gross advances at the end of September 2022 over 11.80 per cent by the end of September 2021.
In value terms, the gross NPA fell to Rs 929 crore from Rs 1,713 crore.
Likewise, the net NPAs came down to 0.04 per cent (Rs 7.32 crore) as compared to 3.29 per cent (Rs 435.14 crore).
It wrote-off bad loans worth Rs 157 crore in the second quarter of FY23. There is a substantial reduction in restructured book, constituting 2.3 per cent of the gross advances with provision coverage ratio of 63 per cent, the lender said.
There was a reversal of Rs 9.94 crore towards provisions for bad loans and contingencies for Q2FY23. It had set aside Rs 444.69 crore to cover for provisions and contingencies for the same quarter last year.
There is a continued traction on collections side at nearly 100 per cent in the September quarter, it said. Portfolio at risk continues to decline with 6.1 per cent at the end of July-September quarter of FY23 from 7.9 per cent by the end of June 2022.
Bank's deposits moved up by 45 per cent at Rs 20,396 crore by September 2022. Retail deposits are at 61 per cent of total deposits against 52 per cent by the end of September 2021.
"Q2FY23 is another milestone quarter with record profitability. While disbursements continue to sustain the Rs 4,000 crore plus mark, deposit growth took-off well this quarter driven by retail deposits," Ittira Davis, MD & CEO, Ujjivan Small Finance Bank, said.
He said the bank remains focused on building granular deposit franchise and continuously enhance digital capabilities to drive improved business and productivity levels.
"With recent capital raise and sustained high profitability, September 2022 CRAR (Capital to Risk weighted Assets Ratio) is far more than comfortable to capitalise on opportunities ahead," Davis said.
During the half year ended on September 30, 2022, Ujjivan SFB raised Rs 475 crore equity through Qualified Institutional Placement (QIP).
Brookfield India REIT Quarterly Results: Q2 net operating income up 48% at Rs 241.3 cr; to distribute Rs 171 cr to unit holders
Brookfield India Real Estate Trust on Monday reported a 48 per cent rise in its net operating income to Rs 241.3 crore for the quarter ended September 30 and announced a distribution of Rs 170.89 crore to unitholders.
Its net operating income (NOI) stood at Rs 162.8 crore in the year-ago period.
In a regulatory filing, Brookfield India Real Estate Trust informed that the company has declared a distribution of Rs 170.89 crore or Rs 5.10 per unit for the quarter ended September 30, 2022.
This takes the total payout this fiscal so far to Rs 10.20 per unit, which is in line with its guidance, the company said in a statement.
Its net profit fell to Rs 26.71 crore during the July-September quarter from Rs 68.28 crore in the year-ago period. The total income rose to Rs 311.64 crore from Rs 214.80 crore.
On the operational front, the company achieved leasing of 3,06,000 square feet area in Q2 of FY23, of which 1,27,000 square feet is new leasing and 1,79,000 square feet is renewals. It achieved a 9 per cent average escalation on 9,09,000 square feet leased area.
Brookfield India Real Estate Trust is India's only institutionally managed REIT, comprising five large campus format office parks located in Mumbai, Gurgaon, Noida, and Kolkata.
Its portfolio consists of 18.7 million square feet comprising 14.3 million square feet of completed area and 4.4 million square feet of future development potential.
Aditya Birla Capital Quarterly Results: Highest-ever Quarterly PAT reported at Rs.488 Cr, up 30% YoY
The performance highlights of the key subsidiaries of Aditya Birla Capital Limited are:
- NBFC Business: Overall loan book grew 36% year on year, to Rs. 64,975 Crore backed by strong growth of 50% year on year in granular Retail, SME and HNI loan book.
- Housing Finance: Loan book grew 10% year on year, to Rs.12,455 Crore, with 94% retail mix
- Asset Management: Mutual fund equity QAAUM grew by 3% year on year, to Rs. 1,19,086 Crore
- Life Insurance: Individual First Year Premium (FYP) grew 16% year on year, to Rs. 642 Crore, significantly ahead of industry growth of 5% in Q2 FY22
- Health Insurance: Gross written premium at Rs. 640 Crore; grew 62% year on year, with retail and rural contributing 66% of total business
- Other businesses: Profit before tax for the other financial services businesses under ABC grew 29% year on year, to Rs. 60 Crore
India Cements Quarterly Results: Q2 net loss at Rs 113.26 cr; Revenue up 7.46% to Rs 1,327 cr
India Cements Ltd on Monday reported a consolidated net loss of Rs 113.26 crore for the second quarter ended September 2022.The company had posted a net profit of Rs 29.75 crore during the July-September quarter of the previous fiscal, India Cements said in a regulatory filing.
Its revenue from operations was up 7.46 per cent to Rs 1,327.06 crore in the second quarter of this fiscal. The same stood at Rs 1,234.85 crore a year ago.
The company's total expenses were at Rs 1,528.01 crore, up 27.16 per cent in the September quarter of FY23, as against Rs 1,201.61 crore a year ago.
Divi's Laboratories Quarterly Results: Q2 net profit dips 18% at Rs 494 crore
Divi's Laboratories on Monday said its consolidated net profit declined by 18 per cent to Rs 494 crore in the second quarter of the current financial year.
The drug firm had reported a net profit of Rs 606 crore in the July-September period of last fiscal.
Revenue from operations declined to Rs 1,854 crore in the September quarter as against Rs 1,987 crore in the year-ago period.
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