Results on February 7: Bharti Airtel will be in focus ahead of its quarterly earnings release on Feb. 7. Hero MotoCorp, Ambuja Cements, Adani Ports and Special Economic Zone, Adani Green Energy, NDTV, Aditya Birla Fashion and Retail, Astral, Barbeque-Nation Hôtellerie, Bharat Dynamics, Computer Age Management Services, Deepak Nitrite, Gujarat Fluorochemicals, GSK Pharma, Kalyan Jewelers India, Motherson Sumi Wiring India, Navin Fluorine International, NHPC, Phoenix Mills, Ramco Cements, Rashtriya Chemicals & Fertilizers, Sobha, Thermax and Wonderla Holidays are due to share their quarterly results on February 7.
Tata Steel: The Tata Group company recorded a consolidated loss of Rs 2,502 crore for the quarter ended December FY23, compared to a profit of Rs 9,598 crore a year ago, impacted by a sharp drop in realizations and spreads in Europe . Revenue in the quarter fell 6.1% year-on-year to Rs 57,083.6 crore, with declines in India and Europe. Operationally, EBITDA plunged 74.5% year-on-year to Rs 4,048 crore and margin fell 1,906 basis points to 7.09% for the quarter. Aggregate figures, except for the main line, of missed analyst estimates.
LIC Housing Finance: The housing finance company posted a profit of Rs 480 crore for the quarter ended December FY23, down 37.4% from the period a year ago, impacted by the impairment of financial instruments. Net interest income rose 10.4% year-on-year to Rs 1,605.9 crore for the quarter.
Muthoot Finance: The gold lending finance company posted a 12.4% year-on-year drop in its autonomous profit to Rs 902 crore for the three-month period ending December FY23 despite falling impairment of financial instruments, with net interest income falling nearly 10% to Rs 1,704 crores from the prior year period.
JK paper: The paper maker posted a 119% year-on-year increase in its consolidated profit to Rs 329.3 crore for the three-month period ending December FY23, as revenue increased by 60 .5% YoY to reach Rs 1,643 crore for the quarter. Operationally, EBITDA jumped 125% year-on-year to Rs 565.5 crore and margin increased by 985 basis points to 34.4% in Q3FY23.
UltraTech Cement: The cement major has announced the commissioning of a 1.5 mtpa brownfield cement grinding unit at Jharsuguda in Odisha, bringing the total cement capacity in Odisha to 4.1 mtpa. With this commissioning, the company’s total cement manufacturing capacity in India now stands at 122.85 mtpa.
Dhampur Sugar Mills: The company has completed the expansion of its 130 KLPD (kilo liter per day) distillery capacity on heavy “C” molasses at the Dhampur unit in Uttar Pradesh. With this expansion, the company’s distillery capacity now stands at 350 KLPD.
Grasim Industries: The company’s board members have given their approval for the appointment of Ananyashree Birla & Aryaman Vikram Birla as additional directors (non-executive directors). Yazdi Piroj Dandiwala is also appointed additional director (independent director).
BLS International Services: The company reported strong earnings for the quarter ended December FY23 with profit growing 62% year-on-year to 45.85 crore on strong operational performance. Revenue for the quarter increased 93% year-on-year to Rs 438,000,000, driven by a strong recovery in visa and consular business and an increase in ZMPL revenue. On the operational front, EBITDA at Rs 66.3 crore was up 160% year-on-year in Q3FY23 with margin up 390 bps to 15.1% on improved operational efficiency.
Nuvoco Vistas Corporation: The cement company reduced its loss to Rs 75.3 crore for the December quarter of FY23 from a loss of Rs 85.5 crore in the same period last year. The increase in the cost of inputs, electricity and fuel expenses, as well as freight and shipping costs impacted the bottom line. Revenue in the quarter at Rs 2,605 crore was up 20.3% from a year ago with a 6% increase in sales volume and better prices. At the operational level, EBITDA increased by 18.2% year-on-year to Rs 268.3 crore, but the margin fell by 18 basis points to 10.3% for the quarter.
vakrangee: The Reserve Bank of India has renewed the license of the company and extended the validity of the license issued to install, own and operate the White Label ATMs (WLA) in India till March 31, 2024. It has 6 283 white label ATMs by January 2023) and 77% of these outlets are in Tier 4 and Tier 6 locations.
Kirloskar Ferrous Industries: The company has announced the commissioning of its second coke oven plant in Koppal, Karnataka. The plant has a production capacity of 2 lakh metric tons per year. After the start of operations of the said plant, the total coke production capacity increased to 4 lakh metric tons per year. The coke will be used primarily for captive consumption.
SJVN: The state-owned hydroelectric power generation company posted a profit of Rs 287.42 crore for the three-month period ending December FY23, up 22% year-on-year despite weak operational performance and higher financial charges high, mainly supported by other income. Revenue for the quarter at Rs 552 crore increased by 0.5%, but EBITDA fell by 0.7% to Rs 380.56 crore and margin decreased by 88 basis points to 68.94% for the quarter year-over-year.
Tejas networks: The networking equipment maker managed to narrow its consolidated loss to Rs 10.9 crore for the quarter ended December FY23 from a loss of Rs 24.3 crore driven by healthy revenue and profit in operational level. Revenue for the quarter at Rs 274.55 crore increased by 156% year-on-year. The company reported an EBITDA profit of Rs 8 crore for the quarter compared to an EBITDA loss of Rs 28.3 crore a year ago.
Action Building Equipment: The construction equipment maker posted a 70% year-on-year growth in consolidated profit to Rs 46.5 crore for the December quarter of FY23, thanks to a turnover of healthy business and operational performance. Revenue of Rs 556.33 crore for the quarter increased by 27.4% year-on-year. Operationally, EBITDA jumped 57% year-on-year to Rs 61.86 crore and margin improved by 208 basis points to 11.1% for the quarter.
Indo Count Industries: The home textile bed linen maker posted a 47% year-on-year decline in consolidated profit to Rs 37.71 crore for the quarter ended December FY23, impacted by weak revenue business and operational performance. Revenue in the quarter at Rs 657.3 crore fell 13% from the prior year period. Operationally, EBITDA fell 36.67% year-on-year to Rs 73.35 crore and margin fell 410 basis points to 11.2% for the quarter.
Modes of Monte Carlo: The clothing retail chain reported consolidated profit of Rs 86.3 crore for the three-month period ending December FY23, up 11.4% from a year ago, in part affected by rising input costs. Revenue for the quarter at Rs 519.54 crore was up 12.5% year-on-year. Operationally, EBITDA increased by 14.5% year-on-year to Rs 130.12 crore and margin increased by 43 basis points to 25.04% for the quarter.
Balaji Amines: The specialty chemicals company posted a 30% year-on-year decline in consolidated profit to Rs 62.6 crore for the quarter ended December FY23, impacted by rising input costs. Revenue for the quarter at Rs 586 crore was up 3.7% from a year ago. Operationally, EBITDA fell nearly 18% year-on-year to Rs 128 crore and margin weakened by 567 bps to 21.8% for the quarter year-on-year.