Q1 Outcomes FY2023: A number of listed corporations declared their June quarter outcomes. Amongst them have been state-run Punjab Nationwide Financial institution (PNB), Sona BLW Precision Forgings, Westlife Developments and Orient Cement. Listed below are high highlights of the earnings outcomes reported by the corporate.
PNB Q1 Outcomes FY2023: State-run bnk Punjab Nationwide Financial institution (PNB) introduced its June quarter outcomes and reported web revenue falls to Rs 308 crore from Rs 1,023 crore a 12 months in the past, the corporate stated in its submitting to the exchanges. The outcomes have been declared after market hours.
PNB shares at the moment ende dat Rs 32.75 on the NSE and have been up practically 2 per cent from the Wednesday closing value.
Sona BLW Precision Forgings Q1 outcomes FY2023: revenue at Rs 76 crore in April-June
Automotive expertise agency Sona BLW Precision Forgings (Sona Comstar) on Thursday reported a Revenue After Tax (PAT) of Rs 76 crore within the April-June quarter.
The corporate stated income in the course of the quarter underneath assessment grew 18 per cent to Rs 589.20 crore, as in comparison with Rs 500 crore within the corresponding quarter of the final fiscal, on the again of a 68 per cent year-on-year progress within the Battery Electrical Automobile (BEV) enterprise.
The BEV enterprise accounted for 29 per cent within the total high line, it stated.
“The worldwide automotive markets remained difficult as gentle automobile gross sales declined 17 per cent because of the provide aspect disruptions. Our income grew 18 per cent y-o-y within the first quarter, pushed by the speedy scale-up of income from BEV programmes,” stated Vivek Vikram Singh, MD and Group CEO.
The Ebitda (Earnings earlier than curiosity, taxes, depreciation and amortization) progress, nonetheless, was decrease at Three per cent attributable to additional enhance within the materials and energy prices throughout final quarter.
“We’re seeing margin stress starting to ease off in the course of the present quarter, and we hope this reversal in inflation continues,” Singh stated.
The corporate stated its web order guide elevated by 10 per cent to Rs 20,500 crore on the finish of June 30, 2022 from Rs 18,600 crore as of March 31, 2022.
Sona Comstar has bagged two new programmes from a European passenger automobile maker to produce remaining drive differential assemblies for his or her upcoming EV fashions and the manufacturing is predicted to start in FY26.
In addition to, the corporate has additionally obtained an order from a home two-wheeler producer to produce traction motors for his or her flagship electrical scooter mannequin, it stated and added that manufacturing of those motors is prone to start on this fiscal.
Sona BLW shares at the moment ended at Rs 563.40 on the NSE and have been up 2.Four per cent from the Wednesday closing value.
Westlife Growth Q1 Outcomes FY2023: Firm posts Rs 23.57 crore revenue in Q1
Westlife Growth Ltd on Thursday reported a consolidated web revenue of Rs 23.57 crore within the first quarter ended June 30.
It owns Hardcastle Eating places, the grasp franchisee of McDonald’s eating places for West and South India.
The corporate had posted a web lack of Rs 33.39 crore within the April-June quarter a 12 months in the past, it stated in a regulatory submitting.
Its gross sales rose to Rs 536.17 crore within the first quarter of the present fiscal. Within the year-ago interval, the identical was at Rs 258 crore.
Westlife’s whole bills climbed practically 64 per cent to Rs 507.97 crore within the newest June quarter.
“The corporate witnessed a strong begin to the primary quarter of FY23 and recorded an all-time-high gross sales determine of Rs 537 crore,” it stated.
Within the June quarter, it added 5 eating places.
“Westlife plans so as to add 35-40 new eating places in FY23 and over 200 new eating places within the subsequent 3-Four years with better emphasis on smaller and rising cities,” it stated.
Westlife Vice Chairman Amit Jatia stated enterprise efficiency within the final three quarters is a testomony to the sturdy technique which it has been following.
“With a redefined price construction, elevated productiveness, sturdy common unit volumes, and wholesome restaurant money flows, we’re well-positioned to ship accelerated enterprise outcomes and create long-term worth for shareholders,” he stated.
As of June 30, 2022, Westlife had a complete of 331 eating places throughout 48 cities.
Westlife Growth shares of the corporate gained practically 5 per cent to shut at Rs 537.75 on BSE.
Orient Cement Q1 outcomes FY2023: web revenue declines 58 laptop to Rs 37 crore
C Okay Birla group agency Orient Cement Ltd on Thursday reported a decline of 58.17 per cent in web revenue at Rs 37.41 crore within the quarter ended June.
It had posted a web revenue of Rs 89.45 crore within the April-June quarter a 12 months in the past, Orient Cement stated in a BSE submitting.
Its income from operation was up 3.33 per cent to Rs 713.93 crore in the course of the quarter underneath assessment. It was Rs 690.90 crore within the corresponding interval of final fiscal.
Orient Cement’s whole bills have been at Rs 656.05 crore, up 18 per cent within the June quarter, as towards Rs 555.87 crore.
On Thursday, shares of Orient Cement shares settled 0.42 per cent down at Rs 118.55 apiece on BSE.
Inputs from PTI