Quarterly Results Announced Today: Q2 FY23 Earnings Highlights, Key Metrics, Profit, Revenue And More
Quarterly Results, Q2FY23 earnings FULL DETAILS: Q2FY23 earnings of many big business entities were announced on Thursday i.e. 28th October 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 WIM PLAST, VIMTA LABS, V-GUARD INDUSTRIES, Vaibhav Global, Tamilnad Mercantile Bank, Tierra Agrotech, TATA CHEMICALS, SUPER SALES INDIA, SUPREME PETROCHEM, Sigachi Industries, SHREE GLOBAL TRADEFIN, SBI Cards and Payment Services, SAINT-GOBAIN SEKURIT INDIA, REC Ltd., Rajnish Wellness Ltd, PREMIER EXPLOSIVES, PODDAR PIGMENTS, PNB Housing Finance, PC JEWELLER, PASARI SPINNING MILLS, OIL COUNTRY TUBULAR, C.E. Info Systems, MANRAJ HOUSING FINANCE, Lloyds Steels Industries, Latent View Analytics, Kuberan Global Edu Solutions, JMD Ventures, Indus Towers, INDIAN METALS & FERRO ALLOYS, GOKALDAS EXPORTS, GANGOTRI TEXTILES, DHARANI SUGARS & CHEMICALS, DB (INTERNATIONAL) STOCK BROKERS, BANARAS BEADS, BALAJI AMINES, Anupam Rasayan India, Aditya Birla Sun Life AMC were announced on Wednesday as per BSE Results Calendar. Here are all the Details Of Quarterly Results, Q2FY23 earnings announcements and September Quarter FY 23 Financial Details:-
Quarterly Results, Q2FY23 earnings FULL DETAILS: Q2FY23 earnings of many big business entities were announced on Thursday i.e. 28th October 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 WIM PLAST, VIMTA LABS, V-GUARD INDUSTRIES, Vaibhav Global, Tamilnad Mercantile Bank, Tierra Agrotech, TATA CHEMICALS, SUPER SALES INDIA, SUPREME PETROCHEM, Sigachi Industries, SHREE GLOBAL TRADEFIN, SBI Cards and Payment Services, SAINT-GOBAIN SEKURIT INDIA, REC Ltd., Rajnish Wellness Ltd, PREMIER EXPLOSIVES, PODDAR PIGMENTS, PNB Housing Finance, PC JEWELLER, PASARI SPINNING MILLS, OIL COUNTRY TUBULAR, C.E. Info Systems, MANRAJ HOUSING FINANCE, Lloyds Steels Industries, Latent View Analytics, Kuberan Global Edu Solutions, JMD Ventures, Indus Towers, INDIAN METALS & FERRO ALLOYS, GOKALDAS EXPORTS, GANGOTRI TEXTILES, DHARANI SUGARS & CHEMICALS, DB (INTERNATIONAL) STOCK BROKERS, BANARAS BEADS, BALAJI AMINES, Anupam Rasayan India, Aditya Birla Sun Life AMC were announced on Thursday as per BSE Results Calendar. Here are all the Details Of Quarterly Results, Q2FY23 earnings announcements and September Quarter FY 23 Financial Details:-
Latest Updates
SBI Cards and Payment Services Limited Quarterly Results
Financial Results for the Quarter and Half Year Ended September 30, 2022
SBI Card PAT Grows 52% YoY to ₹526 Cr in Q2 FY23 Vs ₹345 Cr for Q2 FY22
Performance Highlights Q2 FY23
- Total Revenue increases 28% YoY to ₹3,453 Cr
- ROAA at 5.4% for Q2 FY23 vs. 4.9% for Q2 FY22
- ROAE at 24.1% for Q2 FY23 vs. 20.1% for Q2 FY22
- Capital Adequacy Ratio at 23.2%; Tier 1 at 20.2%
PNB Housing Finance Quarterly Results: Q2 profit rises 12% to Rs 263 crore
PNB Housing Finance on Thursday registered nearly 12 per cent increase in its net profit at Rs 262.63 crore in quarter ended September 2022 on a double-digit growth in net interest income as well as disbursements.
The non-banking finance company had logged a net profit of Rs 235.21 crore in the year-ago period.
Total income rose to Rs 1,683.43 crore in Q2FY23 from Rs 1,586.41 crore in the same period of 2021-22, PNB Housing Finance said in a regulatory filing.
The income earned from interest was up by 6.5 per cent in the quarter to Rs 1,597.54 crore as against Rs 1,499.88 crore in the year-ago period.
While the net interest income, interest earned minus expended, jumped by 29 per cent from a year ago to Rs 649 crore. During the quarter, there was a net positive impact of Rs 109 crore on assigned loans, PNB Housing said.
There was an uptick of nearly 4 per cent in its total expenses during the quarter at Rs 1,343 crore from Rs 1,295.21 crore a year ago period.
Among other key financials, the net interest margin improved to 4.14 per cent in Q2 FY23 as compared to 3.01 per cent in Q2 FY22 and 2.36 per cent in Q1FY23.
Aditya Birla Sun Life AMC Quarterly Results: Q2 PAT rises 11% to Rs 191 cr
Aditya Birla Sun Life AMC on Thursday reported an 11 per cent rise in profit after tax (PAT) to Rs 191.68 crore for the September 2022 quarter.
The company had posted a PAT of Rs 173.07 crore in the same quarter of the preceding fiscal, the fund house said in a regulatory filing.
Its total revenue rose to Rs 387.66 crore in the period under review from Rs 372.2 crore a year ago.
Also, the company's board of directors has approved the appointment of Vishakha Mulye as an additional director (non-executive).
The asset management firm serviced around 8.1 million investor folios and had total assets under management of over Rs 2.94 lakh crore in the quarter ended September 30.
Aditya Birla Sun Life AMC, co-owned and backed by Aditya Birla Group and Sun Life Financial Inc of Canada, got listed on the stock exchanges in October 2021.
Shares of the company closed 1.44 per cent up at Rs 433.50 apiece on BSE.
PNB Housing share price jumps over 6.5% after quarterly results
Shares of PNB Housing Finance on Thursday climbed over 6.5 per cent after the company reported an 11.7 per cent rise in net profit for the July-September quarter of FY23.
The stock jumped 4.59 per cent to settle at Rs 451.10 on the BSE. During the day, it rallied 6.64 per cent to Rs 459.95.
At the NSE, it climbed 6.53 per cent to end at Rs 459.40.
PNB Housing Finance on Thursday reported an increase of 11.7 per cent in its net profit at Rs 262.63 crore for the July-September quarter of 2022-23 on a modest rise in core income.
The non-banking finance company had logged a net profit of Rs 235.21 crore in the year-ago period.
Total income increased to Rs 1,683.43 crore from Rs 1,586.41 crore in the same period of 2021-22, PNB Housing Finance said in a regulatory filing.
Tata Chemicals Quarterly Results: Q2 Earnings Details
Consolidated Income from Operations for the quarter ended September 2022 stood at ₹ 4,239 Cr up by 40%
Consolidated PAT from continuing operations for the quarter ended September 2022 stood at ₹ 685 Cr
Standalone Highlights Q2 FY23
Standalone Revenue from operations stood at ₹ 1,185 Cr, up 40%, as compared to ₹ 847 Cr for corresponding quarter of last year
Standalone Profit After Tax from continuing operations was ₹ 243 Cr as compared to ₹ 135 Cr for corresponding quarter of last year
Soda Ash and Bicarb demand is robust across all application segments and is expected to remain firm in the near term
Consolidated Highlights Q2 FY23
Consolidated Revenue from operations stood at ₹ 4,239 Cr, up 40%, as compared to ₹ 3,022 Cr for corresponding quarter of last year
Consolidated Profit After Tax from continuing operations (pre-MI) was ₹ 685 Cr as compared to ₹ 248 Cr for corresponding quarter of last year
Soda ash prices continue to remain robust across geographies resulting in improved realisations in US, UK and Kenya
Cost environment is stabilizing and likely to stay at the current levels in the near term
Tata Chemicals (Soda Ash) Partners, our US subsidiary, has entered into a multi-year Logistics Services and Membership Withdrawal Agreement with American Natural Soda Ash Corporation (“ANSAC”). This transition is part of Tata Chemicals’ approach to build a world class integrated customer centric organization, from its locations in India, UK, Kenya and the USA
Rallis India recorded a consolidated revenues of ₹ 951 Cr for the quarter ended 30 September 2022, an increase of 31% as compared to ₹ 727 Cr for corresponding quarter of last year.
Tata Chemicals Quarterly Results: Tata Chemicals logs 3-fold jump in Q2 profit at Rs 628 cr
-Tata Chemicals on Thursday reported nearly three-fold jump in consolidated net profit at Rs 628 crore for September quarter 2022-23 on strong income.
-The company had clocked Rs 221 crore profit in the same quarter a year ago, according to a regulatory filing.
-Net income rose 39.62 per cent to Rs 4,299 crore as against Rs 3,079 crore in the year-ago period.
-Expenses increased to Rs 3,623 crore from Rs 2,805 crore.
-The company's stock settled 0.67 up at Rs 1,188.05 on the BSE on Thursday.
V-Guard Q2 net profit dips 26.5% to Rs 43.6 cr; revenue up 8.7% to Rs 986 cr
-Electrical goods manufacturer V-Guard Industries Ltd on Thursday reported a 26.5 per cent decline in its consolidated net profit at Rs 43.66 crore for the second quarter ended September 30.
-It had posted a net profit of Rs 59.40 crore in the July-September period of last fiscal, V-Guard Industries said in a regulatory filing.
-However, its revenue from operations was up 8.67 per cent to Rs 986.14 crore during the period under review. It was at Rs 907.40 crore in the corresponding period a year ago.
-V-Guard's total expenses were up 12.51 per cent at Rs 93,026 crore in the second quarter of FY23.
-"Margins for the quarter were impacted by sale of higher cost Wires inventory at relatively lower realizations due to fall in copper prices. Even in the other categories, input costs remain significantly higher than long-term averages, despite some reduction seen in the last few months," V-Guard Industries Managing Director Mithun K Chittilappilly said.
-The company's revenue from the electronics segment was up 8.70 per cent at Rs 227.36 crore in Q2, while revenue from the electrical segment was marginally up to Rs 421.60 crore.
-Its revenue from the consumer durables segment was up 20.66 per cent to Rs 337.17 crore, as against Rs 279.42 crore of Q2 of FY22.
-Over the outlook, Chittilappilly said: "We should see margins returning to pre-COVID levels over the next two quarters."
-Shares of V-Guard Industries Ltd on Thursday settled at Rs 253.90 on BSE, down 1.87 per cent from the previous close.
Tamilnad Mercantile Bank profit jumps 37% to Rs 262 crore in July-September
Tamilnad Mercantile Bank Limited Announces Q2FY23 results
Tamilnad Mercantile Bank Limited Announces Q2FY23 results
The total business of the bank at the half year ended September 2022 stood at ₹78,013.18 Crores with a growth rate of 7.43%.
The Bank’s deposit and advance portfolio stood at ₹43,136.65 Cr and ₹34,876.53 Cr respectively.
Credit to Priority & MSME Sector:
The Bank has been giving continued thrust on advances to Priority Sectors like Agriculture, MSME, Education, Housing etc. constituting 66.64% of its ANBC, above the regulatory requirement of 40%.
The Advances to Priority sector has increased to ₹25,079.09 Crores (PY ₹22,878.78 Crores) with a growth rate of 9.61%.
The Bank’s Advances to Agriculture sector stood at ₹10,386.43 Crores. The Advances to Agriculture Sector constitute 29.78% of total advances, above the regulatory requirement of 18%.
Credit to MSME sector has increased to ₹12,689.76 Crores (PY ₹11,662.74 Crores) with a growth rate of 8.81%.
Y-O-Y Performance:
The Bank’s deposits has increased to ₹43,136.65 crores (PY ₹41,022.21 crores)The Bank’s CASA position has increased to ₹13,192.64 crores with a growth rate of 15.32%
The advance level of the Bank has increased to ₹34,876.53 crores with a growth rate of 10.38%
The Operating Profit is at ₹763.63 Crores (PY ₹688.94 Crores)
The Net Profit is at ₹496.51 crores (PY ₹392.08 Crores) registering the growth rate of 26.63%.
The Net Interest Income (NII) has increased to ₹1032.57 Crores (PY ₹874.75 Crores) registering a growth rate of 18.04%.
Net Interest Margin at 4.47% (PY 4.04%)
Return on Asset at 1.93% & Return on Equity at 16.84% (PY 1.63% and 16.53% respectively)
The Bank’s Net worth increased to ₹6,461.20 crores (PY ₹4,905.87 crores) with an absolute rise of ₹1,555.33 crores registering a growth rate of 31.70%
The Gross NPA as a percentage to total advances stood at 1.70% and net NPA stands at 0.86%. (PY 3.31% and 1.79% respectively)
Provision Coverage Ratio of the Bank increased to 88.58% (PY 80.50%)
Latent View Analytics Q2FY23 Earnings Declared - Consolidated Profit Increases To Rs 37.3 cr from Rs 21.7 cr
V-GUARD Quarterly Results: V-Guard's Q2 FY 2022-23 Revenue grew by 9% Y-o-Y
V-Guard Industries Ltd., a leading Consumer Electricals and Electronics Company announced its unaudited financial results for the quarter ended September 30, 2022.
V-GUARD Quarterly Results: Q2 FY 2022-23 highlights:
• Consolidated Net Revenue from operations for the quarter ended September 30, 2022 is Rs. 986.14 crs; a growth of 8.7% over the revenue recorded in the corresponding period of the previous year (Rs. 907.40 crs).
• Consolidated Profit After Tax for the quarter is Rs. 43.66 crs as against Rs.59.40 crs in corresponding period of the previous year.
V-GUARD Quarterly Results: Business Outlook:
Commenting on the company's performance, Mithun. K. Chittilappilly, Managing Director, VGuard Industries Ltd said 'Turnover in Q2 grew 8. 7% on a high base, recording a CAGR of 16.5% over the last three years. Durables segment witnessed a strong growth. Margins for the quarter were impacted by safe of higher cost Wires inventory at relatively lower realizations due to fall in copper prices. Even in the other categories, input costs remain significantly higher than long term averages, despite some reduction seen in the last few months. We should see margins returning to pre-Covid levels over the next two quarters."
IMFA Quarterly results: Q2 FY23 Earnings
Indian Metals & Ferro Alloys Ltd (IMFA; estd 1961), the country’s leading producer of ferro alloys, announced Q2 FY23 results today for the period ending September 30th, 2022.
IMFA Quarterly results: Highlights of Q2 FY23 vs Q2 FY22
• Revenues of Rs 672.45 crore vs Rs 653.16 crore• Exports of Rs 631.30 crore vs Rs 636.23 crore
• EBITDA of Rs 79.18 crore vs Rs 243 crore
• PAT of Rs 17.82 crore vs Rs 144.93 crore
IMFA Quarterly results: Highlights of Q2 FY23 vs Q1 FY23· Revenues of Rs 672.45 crore vs Rs 743.42 crore
· Exports of Rs 631.30 crore vs Rs 710.53 crore
· EBITDA of Rs 79.18 crore vs Rs 224.67 crore
IMFA Quarterly results: PAT of Rs 17.82 crore vs Rs 133.83 crore
IMFA Quarterly results:Highlights of H1 FY23 vs H1 FY22· Revenues of Rs 1415.87 crores vs Rs 1191.02 crores
· Exports of Rs 1341.83 crores vs Rs 1134.41 crores
· EBITDA of Rs 303.85 crores vs Rs 420.01 crores
· PAT of Rs 151.65 crores vs Rs 243.50 crores
IMFA Quarterly results: Operational Highlights of Q2 FY23 vs Q2 FY22
· FeCr production of 61,423 mt vs 64,528 mt
· FeCr sales of 64,475 mt vs 62,976 mt
· Power generation of 274 MU vs 274 MU
IMFA Quarterly results: Business Highlights
· Compensation expected within this financial year consequent to reallocation of Utkal ‘C’ coal block
Commenting on the results, Subhrakant Panda, Managing Director said: “The threat of global recession and persistent inflation have had a negative impact on commodity prices; ferro chrome is no exception in this regard. Moreover, high input costs which carried over have impacted margins; however, the advantage of being fully integrated and debt free is reflected in the reported results. Though geo-political developments and supply chain disruptions continue to cast a shadow, there is a trend reversal in ferro chrome prices and certain input costs are also coming down. As such, we expect an improved performance going ahead.”
REC Quarterly Results: Q2FY23 Earnings - DIVIDEND
The REC board in its meeting also approved an interim dividend at the rate of Rs 5 per equity share of Rs 10 each for the financial year 2022-23.
Further, it stated that the record date for the said interim dividend is Wednesday, November 9, 2022, and the said interim dividend shall be paid/dispatched on November 24, 2022.
The Board has approved the appointment of Malathi Sundararajan, Executive Director (F&A) as the Chief Risk Officer (CRO) with effect from January 1, 2023, till the date of her superannuation -- November 30, 2024, in place of Vijay Kumar.
The board also approved the sale and transfer of 50,000 equity shares of a special purpose vehicle -- Gadag II-A Transmission Ltd -- held by REC Power Development and Consultancy Ltd to ReNew Transmission Ventures Pvt Ltd, the successful bidder selected through tariff based competitive bidding process.
REC Quarterly Results: Q2FY23 net profit up 1.5 pc at Rs 2,732 cr
State-owned REC Ltd on Thursday reported a marginal 1.5 per cent rise in its consolidated net profit to Rs 2,732.12 crore for the September quarter.
Its consolidated net profit was Rs 2,692.27 crore in the quarter ended September 30, 2021, as per a BSE filing.
However, its total income slightly dipped to Rs 9,964 crore in the quarter from Rs 10,056.53 crore a year ago.
The total expenses of the company declined to Rs 6,527.76 crore in the quarter against Rs 6,708.93 crore in the year-ago period.
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