Results on February 8: Shree Cement will remain in focus ahead of its December FY23 quarter revenues scheduled to be stated today. Adani Power, Adani Wilmar, Cummins India, Escorts Kubota, Dreamfolks Services, Endurance Technologies, Equitas Small Finance Bank, GATI, Gujarat Pipavav Port, Graphite India, HG Infra Engineering, Honeywell Automation India, IRCON International, ITD Cementation India, Minda Corporation, Samvardhana Motherson International, Narayana Hrudayalaya, Oberoi Realty, Piramal Enterprises, Speciality Restaurants, Symphony, Tracxn Technologies, Trent, and Windlas Biotech are to name a few scheduled to reveal their quarterly revenues information on February 8.
Hero MotoCorp: The two-wheeler significant has actually taped a 3.6% year-on-year boost in standalone revenue at Rs 711 crore for quarter ended December FY23, led by other earnings however affected by weak operating efficiency. Revenue for the quarter at Rs 8,031 crore grew by 1.9% over a year-ago duration, with 4 percent decrease in sales volumes. At the operating level, EBITDA (revenues prior to interest, tax, devaluation and amortisation) fell by 3.7% YoY to Rs 924 crore with margin decreasing 70 bps for the quarter. The business announed an interim dividend of Rs 65 per share.
Bharti Airtel: The telecom operator has actually reported a 26% consecutive decrease in combined revenue at Rs 1,588 crore for three-month duration ended December FY23, affected by licence charge arrangement. Revenue from operations for the quarter grew by 3.7% QoQ to Rs 35,804 crore, with typical income per user climbing by Rs 3 to Rs 193 for the quarter. On the operating front, EBITDA increased by almost 5% QoQ to Rs 18,453 crore with margin growth of 101 bps for the very same duration.
Adani Green Energy: The renewable resource arm of the Adani Group has actually signed up a 110% year-on-year boost in combined revenue at Rs 103 crore for December FY23 quarter in spite of weak operating efficiency and remarkable loss, supported by other earnings and strong topline. Revenue for the quarter at Rs 1,973 crore increased by 41% YoY, while EBITDA fell 18.2% YoY to Rs 853 crore with margin decreasing 3,127 bps to 43.23% for the very same duration.
Sobha: The south-based property company has actually reported a 48% year-on-year decrease in combined revenue at Rs 31.8 crore for quarter ended December FY23, affected by weak operating efficiency. Revenue rose 40% YoY to Rs 868.2 crore for the quarter, with greatest ever quarterly sales volume of 1.48 million square feet, up 12% YoY and finest typical cost awareness of Rs 9,653 per square feet, up 22% YoY. However, EBITDA fell 41% YoY to Rs 88.8 crore for the quarter with margin 1,393 bps YoY to 10.22% in the very same duration.
Rail Vikas Nigam: The business has actually become the most affordable bidder (L1) for arrangement of automated block signalling on Madar-Sakhun area (51.13 Kms) of Jaipur department over North Western Railway. The job cost is Rs 69.48 crore and the letter of award (LoA) is still waited for.
PC Jeweller: A consortium of 4 banks – IDBI Bank, Indian Bank, Bank of India and Karur Vysya Bank – has actually provided their loan recall notifications to the business. The legal procedures in between State Bank oflndia (lead bank) and the business are continuing, and the next date of hearing will be February 28, 2023. Company’s display rooms (disallowing 3 – Preet Vihar, Pitampura and Kingsway Camp – in Delhi) are functional.
Aurobindo Pharma: Step-down subsidiary Aurolife Pharma has actually gotten approval from United States Food and Drug Administration to produce & market the Diclofenac salt topical service. Diclofenac salt topical service is utilized in treatment of the discomfort of osteoarthritis of knee(s). The item is anticipated to be released in Q1FY24, and has an approximated market size of around $487 million for 12 months ending December 2022, according to IQVIA.
Infosys: The IT services significant has actually revealed cooperation with GE Digital to speed up grid improvement for the energies sector. Both will follow a joint go-to-market method to provide worth included services for grid associated services and products, for their brand-new and current customers.
Vodafone Idea: The telecom operator has actually authorized an allocation of over 1,613.31 crore equity shares at a problem cost of Rs 10 per equity share, totaling up to Rs 16,133.18 crore to the Government of India. Post allocation of shares, the federal government’s shareholding in the business stands at 33.44%. Last week, the federal government asked Vodafone to transform the net present worth of the interest quantity associated with deferment of spectrum auction instalments and AGR fees into equity shares.
Thermax: The energy and environment services company has actually signed up 59% year-on-year development in revenue at Rs 126.2 crore for quarter ended December FY23, driven by good efficiency in all 3 sectors (energy, environment and chemical) and; in 2015’s margins were impacted by greater product and freight expenses, which have actually now stabilised. Revenue climbed up 27% YoY to Rs 2,049 crore for the quarter, while EBITDA at Rs 161 crore for the quarter grew by 42.4% with margin growth of 86 bps compared to year-ago duration.
BSE: The stock market has actually reported a 15.7% year-on-year decrease in revenue to Rs 51.64 crore for quarter ended December FY23, affected by weak operating efficiency. Revenue for the quarter grew by 5.77% to Rs 204 crore compared to year-ago duration. At the operating level, EBITDA fell by 32.4% to Rs 39 crore with margin down 1,079 bps YoY to 19.13% for the quarter. Board members have actually authorized divestment of 2.5% equity shares in Central Depository Services (India) through market (OFS).
Barbeque-Nation Hospitality: The business has actually reported a 54% year-on-year decrease in revenue at Rs 6.57 crore for three-month duration ended December FY23, dented by weak operating margin. Revenue from operations for the quarter at Rs 328.2 crore grew by 14.5% YoY. EBITDA fell 5.7% YoY to Rs 62 crore and margin came by 403 bps to 18.88% for the quarter. The board members have actually authorized appointment of Amit V Betala as Chief Financial Officer of the business.
New Delhi Television: NDTV has actually signed up a 53.3% year-on-year decrease in combined revenue at Rs 12.91 crore for quarter ended December FY23, with income falling 9.4% YoY to Rs 105.4 crore for the quarter. At the operating level, EBITDA was down 41.5% YoY to Rs 22.59 crore and margin plunged 1,180 bps to 21.4% for the quarter. The board of directors have actually designated Anup Dutta as the Chief Financial Officer, NDTV Group and crucial supervisory workers of the business after resignation by Rajneesh Gupta.
