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In News

Coal India: The country's largest coal mining company clocked a 106 percent year-on-year increase in consolidated profit at Rs 6,044 crore for the quarter ended September FY23, supported by a healthy top line, higher other income, and strong operating performance. Revenue from operations jumped 28 percent YoY to Rs 29,838 crore for the quarter, with raw coal production rising 10.6 percent YoY to 139.2 million tonnes and raw coal offtake increasing 4.8 percent to 154.53 million tonnes.

PB Fintech: The Policybazaar parent posted a consolidated loss of Rs 186.63 crore for the quarter ended September 30, 2022, narrowing from a loss of Rs 204.44 crore in the corresponding quarter of the last fiscal. Revenue from operations at Rs 573.5 crore was up 105 percent YoY. The company is confident of being adjusted EBITDA positive by Q4 this year.

Bharat Electronics: The Navratna defence PSU has signed a memorandum of understanding (MoU) with Delhi Metro Rail Corporation (DMRC) for jointly developing the indigenous communication-based train control system (i-CBTC).

Redington India: The company reported a 21.3 percent YoY increase in consolidated profit at Rs 391.91 crore for the quarter ended September 30, 2022. Revenue grew by 24.6 percent to Rs 19,051 crore from the year-ago period with healthy growth in Singapore, India and South Asia as well as the Rest of World.

Affle India: The consumer intelligence driven global technology company has clocked a 39.6 percent YoY increase in profit at Rs 58.7 crore for the quarter ended September FY23 on healthy growth in topline and operating performance. Revenue at Rs 354.6 crore for the quarter increased by 29 percent YoY and EBITDA rose 39 percent YoY to Rs 72.3 crore in Q2FY23. The CPCU business noted strong momentum delivering 6.5 crore converted users in Q2FY23, an YoY increase of 32. percent.

CEAT: The RPG Group company reported a 85 percent YoY decline in consolidated profit at Rs 6.44 crore for the quarter ended September FY23, dented by an increase in input cost and expenses towards voluntary retirement scheme. Revenue from operations increased 18 percent YoY to Rs 2,894 crore, and EBITDA at Rs 203.14 crore fell 7.8 percent from the year-ago period. It received approval from the board of directors for an additional investment of Rs 396 crore to increase farm radial tyres capacity at Ambarnath plant by 55 tonnes per day over the next two years.

One 97 Communications: Paytm parent posted a consolidated loss of Rs 571.5 crore for the September quarter, widening from a loss of Rs 473.5 crore in year-ago period but falling from a loss of Rs 645.4 crore in the previous quarter. Revenue from operations increased 76 percent on-year to Rs 1,914 crore for the quarter, driven by an increase in merchant subscription revenues, growth in bill payments due to growing MTU (monthly transaction user) and growth in disbursements of loans through the platform. The sequential rise in the top line was 14 percent.

Bharat Petroleum Corporation: The oil marketing company reported standalone loss of Rs 304.2 crore for the quarter ended September FY23, against a profit of Rs 2,841 crore in the same period last year despite one-time compensation of Rs 5,582 crore from the government for under -recoveries. Revenue from operations increased 26 percent YoY to Rs 1.28 lakh crore for the quarter.