Quarterly Results Announced Today: Q2 Earnings Of Tata Steel, Bharti Airtel, LARSEN TOUBRO, TCI Express And Others
Quarterly Results, Q2FY23 earnings: Quarterly Results and Q2FY23 earnings of many big business entities were announced on Monday i.e. 31st 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 TATA STEEL, BHARTI AIRTEL, LARSEN & TOUBRO And Others were declared on Monday i.e. 31st October 2022, as per BSE Results Calendar. Here are all the DETAILS, Latest News on Quarterly Results, Q2FY23 earnings announcements and September Quarter FY 23 Financial Details of TATA STEEL, BHARTI AIRTEL, LARSEN & TOUBRO, and Others.
Quarterly Results, Q2FY23 earnings: Quarterly Results and Q2FY23 earnings of many big business entities were announced on Monday i.e. 31st 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 TATA STEEL, BHARTI AIRTEL, LARSEN & TOUBRO And Others were declared on Monday i.e. 31st October 2022, as per BSE Results Calendar. Here are all the DETAILS, Latest News on Quarterly Results, Q2FY23 earnings announcements and September Quarter FY 23 Financial Details of TATA STEEL, BHARTI AIRTEL, LARSEN & TOUBRO, and Others.
Latest Updates
Tata Steel Quarterly Results: Q2 net profit plunges 90% to Rs 1,297 cr
Domestic steel giant Tata Steel on Monday reported a nearly 90 per cent drop in consolidated net profit to Rs 1,297 crore for the July-September quarter of 2023-23, dragged by higher expenses.
The company's net profit stood at Rs 12,547.70 crore in the corresponding period of the previous financial year, Tata Steel said in a BSE filing.
Its total income during July-September 2022 stood at Rs 60,206.78 crore as against Rs 60,657.98 crore in the year-ago period.
The firm's total expenses rose to Rs 57,684.09 crore from Rs 47,239.63 crore earlier.
Homegrown Tata Steel is among the top steel producers in the world.
TCI Express Quarterly Results: Q2 PAT grows 12% to Rs 38 cr
Logistics firm TCI Express on Monday posted an about 12 per cent rise in profit after tax (PAT) at Rs 38 crore in the September quarter on account of higher income.
The company's PAT stood at Rs 34 crore in the corresponding quarter of the previous financial year, TCI Express said in a BSE filing.
Its total income during July-September 2022 rose to Rs 312 crore from Rs 275 crore in the year-ago period.
The firm's total expenses were at Rs 262 crore as against Rs 230 crore earlier.
The earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at Rs 54 crore as compared to Rs 48 crore in the second quarter of 2021-22.
In a separate statement, the firm's Managing Director Chander Agarwal said: "Quarter started on a positive note. The recovery trend was visible in many internal & external economic indicators and parameters. During the quarter, we saw an overall improvement in the output for the month of July with a marginal decline in August primarily due to a decline in the manufacturing and mining sector."
The board of directors has recommended an interim dividend of Rs 3 per share for financial year 2022-23.
"We have invested for land purchase in Kolkata for setting up an automated sorting centre and network expansion by adding 22 new branches to serve a growing market," Agarwal added.
Radio City Quarterly Results: Q2 Earnings
Music Broadcast Limited (MBL), India’s 1st Private FM Radio Broadcaster, has reported its Financial Results for the quarter and half-year ended September 30th, 2022.
• Key Highlights – H1FY23:
- H1 FY23 Top line of Rs 92.8 Crores; 48% Growth YoY
- Maintained a strong Position with 18% Volume Market Share
- EBITDA* at Rs. 17.6 Crores; EBIDTA Margin at 19.0%
*Includes other income
• Key Highlights –Q2FY23:
- Q2 FY23 Top line of Rs 48.6 Crores; 16% Growth YoY
- Maintained a strong Position with 18% Volume Market Share
- EBITDA* at Rs. 8.9 Crores; EBIDTA Margin at 18.3%
L&T Quarterly Results: Q2FY23 Earnings DECLARED!
All-round performance
Order Inflow - 23% for the quarter & 36% for half year
Revenue - 23% for the quarter & half year
PAT - 23% for the quarter & 31% for half year
Bharti Airtel Limited Quarterly Results: Q2 FY23 Earnings - Highlights
Bharti Airtel posts quarterly revenues of Rs 34,527 crore – up 21.9% YoY, backed by strong and consistent performance delivery across the portfolio and crossing 500 Mn customers globally
o India business posts quarterly revenues of Rs 24,333 crore – up 22.3% YoY
o Mobile services India revenues up 24.8% YoY, led by continued 4G customer addition and increase in ARPU
o Airtel Business revenues up by 16.8% YoY, backed by robust demand for data and connectivity related solutions as well as emerging adjacencies
o Homes business continues to accelerate growth momentum, up 38.9% YoY led by strong customer additions
o Digital TV continues to strengthen its market share
Consolidated EBITDA at Rs 17,721 crore; EBITDA margin at 51.3% - improvement of 184 bps YoY
o India business posts EBITDA of Rs 12,606 crore, EBITDA margin at 51.8%; up 224 bps YoY
Consolidated EBIT at Rs 8,762 crore; EBIT margin at 25.4% - improvement of 506 bps YoY
o India business posts EBIT of Rs 5,236 crore; EBIT margin at 21.5% - expansion of 639 bps YoY
Consolidated Net income (after Exceptional items) at Rs 2,145 crore; up by 89.1% YoY
Industry leading operational indicators showcasing strong business momentum
o 4G data customers up by 17.8 Mn YoY & 5.0 Mn QoQ, 64% of overall mobile customer base
o Mobile ARPU increased to Rs 190 in Q2’23 vs Rs 153 in Q2’22
o Mobile data consumption up by 19.6% YoY, consumption per customer at 20.3 GB per month
o Homes business crossed 5 Mn customer Milestone with 417 K customer net additions in Q2’23
o Digital TV customer base at 15.8 Mn in Q2’23, holding steady vs Q1’23
o Airtel Payments Bank continues to grow rapidly through customer engagement – increases monthly transacting users by 60% YoY
Airtel 5G Plus goes live with launch in 8 cities, all of urban and key rural areas to be covered by March 2024
Airtel pays Rs 8,312 crores for 5G spectrum to DOT for 4 years - settled ahead of schedule to free up cash flow for 5G roll out
Motherson Sumi Wiring India Quarterly Results: Net profit rises 2% to Rs 116.45 crore in Q2
Auto component maker Motherson Sumi Wiring India Ltd on Monday reported a 2 per cent rise in net profit at Rs 116.45 crore in the second quarter ended September 30, 2022.
The company had posted a net profit of Rs 114 crore in the same period last fiscal, Motherson Sumi Wiring India Ltd (MSWIL) said in a regulatory filing.
Total revenue from operations stood at Rs 1,835.21 crore as against Rs 1,399.95 crore in the year-ago period, it added.
Total expenses were higher at Rs 1,689.77 crore as compared to Rs 1,229.76 crore in the same quarter a year ago.
"The Indian automotive industry is showing signs of revival and our customers are also ramping up production. This has resulted in one-time costs, which should be mitigated in the coming quarters," MSWIL chairman Vivek Chaand Sehgal said.
In the second quarter, the company said it had incurred costs due to initial one-time startup costs of new programmes at Bengaluru and new facility at Chennai.
Besides, to meet increased volume, additional costs on expedited freight and extra ordinary manpower costs have been incurred, which further aggravated by supply chain constraints.
The company said it is in "ongoing discussions with customers for one-time compensation as well as alignment to new cost structure to mitigate current and future impact".
Saregama India Quarterly Results: Q2 net profit up 36% to Rs 46 cr - Revenue rises 30% to Rs 189 cr
Music label Saregama India Ltd on Monday reported a 36.42 per cent increase in its consolidated net profit to Rs 46.11 crore for the second quarter ended September 30, 2022.
It had posted a net profit of Rs 33.80 crore in the July-September quarter last fiscal, Saregama said in a regulatory filing.
Saregama's total income was up 30.37 per cent to Rs 189.16 crore during the quarter under review as against Rs 145.09 crore in the corresponding period of the previous fiscal.
"The Company posted highest ever Operating Revenue for the quarter to reach Rs 189.2 crore in Q2FY23, up 30 per cent YoY," Saregama said in its earning statement.
Its revenue from the music segment was at Rs 150.90 crore and Rs 34.08 crore from films, television serials and events.
The publication segment contributed Rs 4.18 crore.
Total expenses of the RP Sanjiv Goenka Group firm were at Rs 138.50 crore, up 32 per cent from Rs 104.91 crore in the year-ago period.
Saregama India Vice Chairperson Avarna Jain said, "Saregama's strategy of investing in high quality new IP across audio and video has started paying rich dividends. And this is expected to accelerate with the growing digitisation across social strata in India."
The consolidated profit of Supreme Industries Ltd has reduced to Rs 82 crore from Rs 229 crore on a Y-oY basis.
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Consolidated profit reduced to Rs 1.43 crore from Rs 1.56 on a Year-on-Year basis.
However, consolidated revenue increased to Rs 39.8 crore from Rs 30.7 crore on a Year-on-Year basis.
Q2FY23 Earnings of TATA STEEL, BHARTI AIRTEL, LARSEN & TOUBRO, Equitas Small Finance Bank And Others will be declared on Monday i.e. 31st October 2022, as per BSE Results Calendar.
Equitas Small Finance Bank Quarterly Results, Q2FY23 Earnings To Be Declared Today
LARSEN & TOUBRO Quarterly Results, Q2FY23 Earnings To Be Declared Today
BHARTI AIRTEL Quarterly Results, Q2FY23 Earnings To Be Declared Today
TATA STEEL Quarterly Results, Q2FY23 Earnings To Be Declared Today
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