1 / 9Britannia | Britannia Industries reported consolidated sales of ₹4,370 crores for the quarter ended on September 30, 2023. Despite challenging market conditions, the company managed to achieve a notable 1% growth in sales compared to the same quarter last year.
2 / 9Tata Steel | Tata Steel's reported consolidated revenue of ₹1,15,172 crore for the first half of the year, accompanied by EBITDA of ₹10,437 crores and a 9% EBITDA margin. In the July to September quarter, revenue reached ₹55,682 crore, with EBITDA standing at ₹4,315 crores and an EBITDA margin of 8%..
3 / 9Fino Payments Bank | Fino Payments Bank has released its financial results for the quarter and half-year ending in September 2023, indicating significant growth in digital banking. Throughput increased by 43%, with digital throughput surging by 120%. In the second quarter of 2023, revenue grew by 18% YoY to ₹358.6 crores. EBITDA and PAT also expanded by 51% and 42% YoY, reaching ₹46.2 crores and ₹19.5 crores, respectively.
4 / 9JK Tyre | The Board of Directors of JK Tyres have approved a significant expansion plan to enhance the company's tire manufacturing capacity. The existing capacity stands at 155.11 lakh tires per annum, with a utilization rate of 95%. The proposed expansion will increase the capacity by 19.45%, to be achieved by October 2025, requiring an investment of ₹1025 crore.
5 / 9GAIL | GAIL (India) Limited has inked a significant 15-year agreement with Bharat Petroleum Corporation Limited (BPCL) for the supply of Propane to fuel its forthcoming petrochemical plant located in Usar, Maharashtra. The deal, valued at over ₹63,000 crore, will see GAIL procuring 600 KTPA (Thousand Metric Tons Per Annum) of Propane from BPCL's LPG import facility at Uran.
6 / 9Pfizer | The company has entered into an agreement to transfer Pfizer's unexpired leasehold rights for approximately 82,000 sq. mtrs. of land located in Turbhe, Thane, along with the sale of structures and buildings encompassing around 16,494.33 sq. mtrs. of built-up area. Zoetis Pharmaceutical Research Private Limited is the recipient of this transfer, with a lump-sum consideration of ₹264.40 crore. The transaction's completion is subject to regulatory approvals, including those from the Maharashtra Industrial Development Corporation.
7 / 9Kansai Nerolac | In the second quarter, Kansai Nerolac reported financial growth with a 56% increase in net profit, reaching ₹177.2 crore compared to ₹114 crore in the previous year. Revenue also showed a positive trend, up by 1.3% to ₹1,957 crore, compared to ₹ 1,931 crore in the previous year. Notably, the EBITDA surged by 37.1% to reach Rs 273.2 crore, a substantial improvement from ₹199.3 crore in the previous year, resulting in a healthy margin of 14%, up from 10.3% in the previous year.
8 / 9Hero Motocorp | The world's largest manufacturer of motorcycles and scooters, has reported 4.1% growth in Revenue from Operations, for the second quarter (July-September 2023) of FY 2024. EBITDA margins improved significantly to 14.1%, marking a 260 bps increase over the corresponding quarter of the previous year. Hero MotoCorp's Profit After Tax (PAT) for Q2 reached ₹1,054 crore, reflecting a remarkable 47% growth compared to the previous year's ₹716 crore. The consolidated Revenue for the quarter was ₹9,533 crore, and the consolidated PAT was ₹1,007 crore. For the first half of the fiscal year, the company reported consolidated revenue of ₹18,384 crore and a consolidated PAT of ₹1,708 crore.
9 / 9Results: Tata Motors, Adani Enterprises, Berger Paints, Cholamandalam Investment and Finance Company, Container Corporation Of India, Dabur India, Godrej Properties, Gujarat Gas Ltd, Indian Energy Exchange, Indian Railway Finance Corporation Ltd, and Dr. Lal Pathlabs are due to report their earnings for the September quarter later in the day.
