Q3 Outcomes 2023: A number of listed corporations introduced their October-December quarter outcomes on Tuesday. Amongst them had been Sona BLW Precision Forgings, Gateway Distriparks, PNB Housing Finance and Tata Espresso. Listed here are key takeaways from the quarterly earnings posted by the businesses.
Sona BLW Precision Forgings Q3 Outcomes 2023: Internet revenue rises 24% to Rs 107 crore
Auto elements maker Sona BLW Precision Forgings on Tuesday reported a 24 per cent enhance in its consolidated internet revenue to Rs 107 crore for the third quarter ended December 31, 2022.
The corporate reported a internet revenue of Rs 86 crore within the October-December quarter of the final fiscal.
Income from operations rose to Rs 675 crore within the interval below overview in opposition to Rs 486 crore within the year-ago interval, Sona BLW Precision Forgings mentioned in a regulatory submitting.
The corporate’s board permitted an interim dividend of Rs 1.28 per share for the monetary yr 2022-23, it added.
“We delivered our highest quarterly income, EBITDA and internet revenue in Q3 FY23. Our income grew 39 per cent year-on-year within the final quarter, pushed by the scale-up of income from new packages,” Sona BLW
Precision Forgings MD & Group CEO Vivek Vikram Singh famous.
Shares of the corporate on Tuesday ended 3.45 per cent up at Rs 432.20 apiece on the BSE.
Gateway Distriparks Q3 Resuts 2023: revenue rises 15% to Rs 55.3 crore
Inter-modal logistics agency Gateway Distriparks Ltd (GDL) on Tuesday reported a 15 per cent development in its revenue after tax at Rs 55.3 crore in December quarter over the identical interval final yr.
The corporate had recorded a PAT (revenue after tax) of Rs 47.92 crore within the third quarter of FY22, GDL mentioned in a press release.
The income throughout Q3FY23 stood nearly flat at Rs 269.50 crore compared to Rs 267.35 crore clocked within the December quarter of the earlier fiscal.
In addition to, each rail and CFS (container freight station) companies noticed a dip within the quantity with rail throughput declining 7.79 per cent at 78,617 TEUs (Twenty-foot Equal Unit) and CFS throughput falling 16 per cent at 89,820 TEUs within the third quarter of the present fiscal over Q3FY22, the corporate mentioned.
The corporate mentioned the PAT continues to point out a wholesome development because it continues to scale back its debt however attributed the autumn within the cargo quantity to “world macroeconomic scenario”.
“Because of the world macroeconomic scenario, there’s a dip in throughput in Q3 notably within the export path. Additional, observe upgradation work was happening in NCR all through the month of December, resulting in slower operating of trains and lowered double stack and hub and spoke operations of the corporate,” mentioned Prem Kishan Gupta, Chairman and managing Director, Gateway Distriparks Ltd.
The revenues seem like flat as final yr as a consequence of Punjab Conware CFS numbers being included in Q3 FY22, he added
The corporate additionally accomplished its acquisition of Kashipur Infrastructure Freight Terminal (KIFTPL) on December 23 final yr and has began common practice providers between Kashipur and Mundra, Pipavav and Nhava Sheva.
At present, KIFTPL was solely incomes the terminal earnings however from This autumn onwards Gateway Distriparks will earn the whole income for rail and terminal providers, Gupta mentioned.
The development on the proposed inland container depot in Jaipur stays in progress and the terminal is predicted to be operational within the third quarter of subsequent fiscal, he mentioned and added that the corporate can be actively trying to arrange two extra terminals by FY25.
PNB Housing Finance Q3 Outcomes 2023: revenue jumps 43% to Rs 269 crore
PNB Housing Finance on Tuesday reported 43 per cent soar in internet revenue at Rs 269 crore pushed by a large development within the core internet curiosity earnings in December quarter though mortgage development was muted for the interval.
The corporate’s internet curiosity earnings jumped 67 per cent to Rs 734 crore through the quarter, because it handed on the rising rates of interest to its prospects though the mainstay retail mortgage e book inched up solely 6.6 per cent to Rs 53,123 crore.
Retail e book constitutes as a lot as 92 per cent of this asset, the corporate mentioned in a press release.
Complete mortgage e book elevated to Rs 58,034 crore from Rs 57,845 crore in December 2021. Unfold on loans stood at 3.83 per cent, up from 3.38 per cent, serving to it enhance its internet curiosity margin to 4.68 per cent from 4.14 per cent.
Complete earnings rose to Rs 1,713.64 crore within the quarter from Rs 1,411.24 crore within the year-ago interval.
Impairment on monetary devices and write-offs rose to Rs 254.84 crore from Rs 129.48 crore.
General asset high quality improved with gross unhealthy mortgage ratio coming right down to 4.87 per cent from 6.06 per cent and internet NPA ratio remaining flat at 3.22 per cent.
Of the overall dud loans, 2.86 per cent are within the retail phase, which additionally improved from 3.39 per cent whereas company NPAs stood at 26.61 per cent, down from 30.37 per cent.
Tata Espresso Q3 Outcomes 2023: consolidated internet revenue falls 45% to Rs 38 crore
Tata Espresso on Tuesday reported a 44.71 per cent decline in consolidated internet revenue through the December quarter at Rs 38.40 crore.
The consolidated internet revenue of Tata Espresso Ltd (TCL) stood at Rs 69.46 crore within the year-ago interval, it mentioned in a regulatory submitting.
Consolidated whole earnings for the quarter witnessed a 19.13 per cent development through the October-December interval at Rs 754.76 crore as in comparison with Rs 633.52 crore within the corresponding interval earlier yr, pushed by increased realisations in Eight O’ Clock Espresso (EOC) and instantaneous espresso companies of the corporate.
The corporate, a subsidiary of Tata Client Merchandise previously referred to as Tata International Drinks, acknowledged that the improved worth realisations pushed by superior product combine in instantaneous espresso enterprise each in India and Vietnam has aided the corporate’s quarter efficiency.
The working efficiency of EOC enterprise was impacted through the quarter below overview by increased enter and different prices, that are anticipated to ease over coming quarters, it mentioned.
Tata Espresso’s Vietnam operations proceed to ship strong gross sales with improved profitability pushed by increased gross sales of premium merchandise, it mentioned.
“The efficiency of our instantaneous espresso enterprise continues to be strong. Tata Espresso’s Vietnam operations proceed to be sturdy with a wholesome order pipeline. There’s, nonetheless, persevering with inflationary stress on prices and influence on instantaneous espresso gross sales in some geographies.
“Our subsidiary, Eight O’ Clock Espresso, has registered increased revenues although the profitability for the quarter has been impacted as a consequence of increased prices,” TCL Managing Director Chacko P Thomas mentioned.
Earlier right this moment, auto main Maruti Suzuki India Restricted and SBI Playing cards and Fee Providers reported their Q3 outcomes. Maruti Suzuki reported over two-fold soar in internet revenue to Rs 2,351.3 crore for the quarter ended December 2022 in contrast with the corresponding interval a yr in the past, far exceeding analysts’ estimates. The New Delhi-based auto producer had reported a internet revenue of Rs 1,011.3 crore for the quarter ended December 2021. Income of the auto main expanded 24.9 per cent to Rs 29,044.3 crore, in keeping with a regulatory submitting.
In the meantime, SBI Playing cards — which points bank cards below model SBI Card — on Tuesday reported a internet revenue of Rs 509 crore for the quarter ended December 2022, up 32 per cent in contrast with the corresponding interval a yr in the past, lacking analysts’ estimates. The SBI Card inventory continued to reel below stress after the earnings announcement.