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Coal India: The state-owned company clocked a 178 percent year-on-year growth in consolidated profit at Rs 8,834.22 crore for the quarter ended June FY23 on a low base. The June quarter FY22 earnings were affected by the second COVID wave. Revenue increased 39 percent to Rs 35,092 crore compared to the same period last year. The country's largest coal mining company produced 159.75 million tonnes of raw coal, up 29 percent YoY and its offtake of raw coal increased by 10.6 percent YoY to Rs 177.49 million tonnes for the quarter ended June FY23.
Tata Consumer Products: The Tata Group company recorded a 38% year-on-year growth in profit at Rs 277 crore for the quarter ended June FY23, with revenue rising 11 percent to Rs 3,327 crore and EBITDA increasing 14 percent to Rs 460 crore compared to the year-ago period. Revenue in constant currency terms increased 10 percent YoY.
Eicher Motors: The two-wheeler and commercial vehicle maker reported a 157.5 percent year-on-year growth in consolidated profit at Rs 610.66 crore for the quarter ended June FY23 supported by a low base. The Q1FY22 earnings were affected by the second COVID wave. Revenue grew by 72 percent to Rs 3,397.5 crore compared to the corresponding period last fiscal.
Oil India: The company reported a 166 percent year-on-year growth in consolidated profit at Rs 3,230 crore in the quarter ended June FY23. Revenue grew by 86.5 percent to Rs 11,567 crore in Q1FY23, compared to Rs 6,202 crore in the same period last year.
Indian Railway Catering and Tourism Corporation: The company clocked a 198 percent year-on-year growth in profit at Rs 245.52 crore for the quarter ended June FY23 with normalisation of business, aided by a low base. The year-ago quarter was affected by the second COVID wave. Revenue jumped 250 percent to Rs 852.60 crore compared to the corresponding period last fiscal.
Mahindra & Mahindra: Life Insurance Corporation of India sold 2 percent stake or 2.49 crore equity shares in the automobile company via open market transactions. With this, LIC's stake in the company reduced to 6.42 percent, down from 8.43 percent earlier.
CESC: The company reported a 6 percent year-on-year growth in consolidated profit at Rs 297 crore for the quarter ended June FY23, impacted by the cost of fuel and electricity purchased, but aided by revenue, regulatory income and lower tax cost. Revenue increased by 27.5 percent to Rs 4,102 crore compared to the year-ago period.
PB Fintech: The Policybazaar operator recorded a consolidated loss of Rs 204.33 crore for the quarter ended June FY23, widening from a loss of Rs 110.84 crore in the corresponding period last fiscal due to weak operating performance. The company has reported a significant increase in employee expenses, and advertising and promotion expenses for the quarter. EBITDA loss more than doubled to Rs 234.3 crore for the June FY23 quarter, against a loss of Rs 118.35 crore in the corresponding period last fiscal, and revenue from operations came in at Rs 505.2 crore, increasing 112.5 percent over Rs 238 crore reported in the year-ago period.
PB Fintech: The Policybazaar operator recorded a consolidated loss of Rs 204.33 crore for the quarter ended June FY23, widening from a loss of Rs 110.84 crore in the corresponding period last fiscal due to weak operating performance. The company has reported a significant increase in employee expenses, and advertising and promotion expenses for the quarter. EBITDA loss more than doubled to Rs 234.3 crore for the June FY23 quarter, against a loss of Rs 118.35 crore in the corresponding period last fiscal, and revenue from operations came in at Rs 505.2 crore, increasing 112.5 percent over Rs 238 crore reported in the year-ago period.
