September Quarter Results of Many Companies in the Country: Have A Look on Profits & Loss
September Quarter Results of Many Companies in the Country: Have A Look on Profits & Loss. Kalyan Jewelers, NHPC, OIl India, Eicher Motors, Bata, Suzlan Energy, PetroNet, Muthoot Increase in Revenue Sees Profit & Natco, Apollo and IRFC see Low.
Kalyan Jewelers surplus Profits:
Kalyan Jewelers achieved solid results in the second quarter of the current financial year (2022-23). On a consolidated basis, net profit in July-September (Q2) jumped 54 percent to Rs.106 crores. Last year (2021-22) during the same period It earned only Rs.69 crores. Total revenue grew by 20 percent to Rs.3,476 crores. Last Q2 Rs.2,889 crore turnover.
During this period, the company revealed that it has opened five new showrooms in markets other than South. Versace announced that the total number of stores including the Middle East has reached 163 by September. In the wake of the results, the share of Kalyan Jewelers fell 4 percent on the NSE to Ended at Rs.103.
NHPC Profit Plus:
In the second quarter of the current financial year (2022-23), power sector PSU NHPC has achieved strong results. On a consolidated basis, net profit for July-September (Q2) grew by nearly 22 percent to Rs. 1,686 crores. Last year (2021-22) during the same period It earned only Rs.1,387 crores. The total income is also Rs. 3,166 crores to Rs.3,529 crores. In the wake of the results, NHPC shares fell 1.5 percent on the NSE to Ended at Rs.43.
Record profits for Oil India:
State-owned oil and gas producer Oil India has reported record profits for the September quarter. It recorded a profit of Rs.1,720 crore. The income was recorded at Rs.6,671 crore. It is noteworthy that Oil India is the second largest domestic oil company after ONGC, with a profit of Rs.504 crores and income of Rs.3,679 crores in the same period of the previous year.
It earned Rs.100.59 per barrel in the September quarter. It is worth noting that it was 71 dollars per barrel during the same period last year. Oil production has not changed much. 0.79 million tonnes and gas production was 0.82 billion cubic meters.
Eicher Motors Profits Jump High:
In the second quarter of the current financial year (2022-23), the auto industry giant Eicher Motors has achieved attractive results. On a consolidated basis, net profit in July-September (Q2) jumped 76 percent to Rs.657 crores. Last year (2021-22) during the same period only Rs.373 crore earned.
The total income is also Rs.2,250 crore to Rs.3,519 crores. Two-wheeler segment Royal Enfield’s sales grew by 65 percent to 2,03,451 units. In the wake of the results, Eicher Motors shares fell 0.8 percent on the BSE to ended at Rs.3,702.
Suzlan Energy into Profit:
In the second quarter of the current financial year (2022-23), wind power company Suzlan Energy has achieved turnaround results. On a consolidated basis in July-September (Q2) Rs.56.5 crore net profit earned. Last year (2021-22) during the same period It declared a net loss of Rs.12.4 crores. But the total income is Rs.1,362 crore to Rs.1,443 crores.
Girish Tanti, vice-chairman of the company stated that it has an order book of 759 MW as of September. It was informed that 193 megawatts of new orders have been added. With rights funds Company CFO Himanshu Modi informed that Rs.583 crore loans have been repaid. Verasi’s net debt burden is Rs.2,722 crores has been disclosed. In the wake of the results, Suzlan Energy’s share gained 0.6 percent on the NSE to Ended at Rs.8.30.
Petronet Dividend Rs.7:
Energy sector company PetroNet LNG has announced interesting results for the second quarter of the current financial year (2022-23). On a consolidated basis, net profit for July-September (Q2) declined by 4 percent to Rs.786 crores is limited. Last year (2021-22) during the same period Rs.818 crore earned. However, the total revenue for a quarter was the highest in the history of the company at Rs.15,986 crores. Last Q2 Rs.10,813 crore turnover was recorded only.
The board of the company will give shareholders Rs.7 declared a special interim dividend. The company’s main terminal at Dahej processed 182 TBT units of LNG during this period. Last Q2 recorded 225 TBTU. The board informed that it has given the green signal for setting up a floating LNG terminal with a capacity of 4 million tonnes at Gopalpur port in Odisha. For this Rs.2,306 crore will be spent. In the wake of the results, Petronet shares rose 1.5 percent on the NSE to Ended at Rs.212.
47% Growth in Bata Profit:
Bata India’s consolidated profit rose 47% in the September quarter to Rs.55 crores. The revenue was recorded at Rs.830 crore with a growth of 35%. The profit for the same period last year was Rs.37 crores and the income was Rs.614 crores. Bata said that despite the difficult operating environment and high inflation, all business channels have shown better performance.
Reduced Apollo Gains:
Medical services firm Apollo Hospitals reported a 20 percent decline in net profit at Rs.213 crore for the September quarter compared to the same period a year ago. Turnover increased from Rs.3,723 crore to Rs.4,274 crore. Apollo’s share price settled at Rs.4,282.25, down 1.80 percent on BSE on Thursday compared to the previous close.
Reduced Natco Profit:
Pharmaceutical company Natco Pharma reported a 12.75 percent decline in net profit at Rs.56.8 crore for the September quarter compared to the same period of the previous year. Turnover increased by 9 percent to Rs.452 crores. The board has proposed to pay 75 paise per share of face value Rs.2 as second interim dividend for the financial year 2022-23. Natco’s share price settled at Rs.588.25 on Thursday, down 4.19 per cent from the previous close on the NSE.
IRFC is Okay:
Indian Railway Finance Corporation’s profit rose 14 percent to Rs.1,714 crore in the September quarter. Revenue increased by 24 percent to Rs.5,810 crore. The previous year’s profit was Rs.1,501 crore and revenue was Rs.4,690 crore. Assets under management reached Rs.4,39,070 crore. The company has decided to give an interim dividend of Rs.0.80 per share.
Muthoot Finance’s Profit of Rs.902 Crores:
Muthoot Finance, a provider of gold and other loans, has reported a consolidated profit of Rs.902 crore for the quarter ended September. The profit for the same period of the previous year has decreased by 10 percent compared to Rs.1,003 crore. However, the profit in the first quarter of this financial year ended June was Rs.825 crore, which is 9 percent higher (sequentially). And the company’s income for the September quarter was recorded at Rs.2,842 crores.
It has decreased compared to Rs.3,065 crore in the same period last year. In particular, interest income decreased by 8.2 percent to Rs 2,758 crore which led to a decline in profits. The organization has 4,641 branches across the country. Muthoot Finance said that 65 percent of the 177 tonnes of gold jewelery pledged by its borrowers is from rural areas. Muttoot also offers personal loans and money transfer services.