As the first quarter of the financial year draws to a close, India’s business landscape is abuzz with the unveiling of Q1 company results 2023. From established industry giants to ambitious startups, each enterprise’s financial report paints a unique picture of its performance and prospects. In this article, we embark on a comprehensive analysis of these results, exploring the underlying trends, triumphs, and challenges that have shaped India’s diverse sectors. Join us as we decipher the financial narratives and gain valuable insights into the nation’s economic trajectory, setting the stage for what lies ahead in the coming quarters.
Q1 Company Results 2023 results reflect a company’s financial performance and health over the period of a quarter, i.e. Aprl’23 to Jun’23. Usually, these companies announce their results in the form of a quarterly earnings report. The quarterly results include the company’s financial details like expenses, revenue, profits, losses, EBIDTA. Quarterly earnings reports are typically released at the end of each quarter. Investors and analysts use these reports to assess investment or divestment opportunities.
1.State Bank of India (SBI)
The State Bank of India (SBI) has declared its quarterly results for April to June 2023 period. The largest Indian commercial bank declared its quarterly earnings for Q1FY24 on Friday noon in which it reported 178.25% YoY rise in net profit to ₹16,884 crore.
2. Zomato
Zomato share price rose 12% in early trade today, a day after the food delivery company posted its first-ever quarterly profit. The Zomato stock opened at ₹89 against yesterday’s closing price of ₹86.22. The Zomato share price gained further to hit a high of ₹98.39 – a jump of 12% – in the morning trade. At the time of writing this copy Zomato shares were trading at ₹96.23, up ₹10, or 11.61%.
3. MRF Tyres
Tyre maker MRF Ltd., on Thursday, reported a nearly five-fold rise in consolidated net profit at Rs 588.75 crore in the June quarter, driven by higher revenue and lower raw materials costs. The company had posted a consolidated net profit of Rs 123.6 crore in the first quarter of the last fiscal, MRF said in a regulatory filing.
4. Cummins India
The company reported a consolidated profit after tax (PAT) of Rs 353.72 crore in the quarter ended June 30, 2023, compared to Rs 198.13 crore in the year-ago period.
Income from operations jumped over 31 percent to Rs 2,184.7 crore.
1.BHEL
BHEL Q1 results: Bharat Heavy Electricals Limited reported a consolidated net loss of ₹343.9 crore in the June quarter against ₹188 crore in June quarter FY23. The company’s revenue rose by 7.1% to ₹5,003.4 crore in Q1FY24 against ₹4,672 crore in Q1FY23.
2. Aditya Birla Fashion and Retail
Aditya Birla Fashion and Retail on August 4 reported consolidated net loss of Rs 161.62 crore for the June quarter of FY24. This is in contrast with profit of Rs 94.44 crore in the same quarter of the previous financial year.
3. Adani Wilmar
Adani Wilmar’s total income fell 12 per cent to Rs 12,928 crore during the April-June period of this fiscal from Rs 14,724 crore in the corresponding period of the previous financial year.
Standard Disclaimer
Investments in the securities market are subject to market risk, read all related documents carefully before investing. Reg Office: Bajaj Auto Limited Complex, Mumbai –Pune Road Akurdi Pune 411035. Corp. Office: Bajaj Broking., 1st Floor, Mantri IT Park, Tower B, Unit No 9, Viman Nagar, Pune, Maharashtra 411014. SEBI Registration No.: INZ000218931 | BSE Cash/F&O (Member ID: 6706) | NSE Cash/F&O (Member ID: 90177) | DP registration No: IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN – 163403. Website: https://www.bajajfinservsecurities.in/
Share this article:
Share Market Today | Gifty Nifty Positive, Asian Markets Rebound
26 Jul, 2024 | 5 Min. read
Upcoming Q1 Results Today | Cipla, Power Grid, Indigo, IndusInd Bank
26 Jul, 2024 | 2 Min. read
Commodities Market Today | Crude Rises on Eased Inflation Pressures
26 Jul, 2024 | 1 Min. read
Gold Rate Today | Gold Plummets 2.3%, Silver Down 4.7%
26 Jul, 2024 | 2 Min. read
S&P Upgrades Vedanta Resources from 'CCC+' to 'B' on Improved Liquidity
26 Jul, 2024 | 2 Min. read
Mankind Pharma Acquires Bharat Serums and Vaccines for ₹13,630 Crore
26 Jul, 2024 | 2 Min. read
Indus Towers to Consider Share Buyback Proposal on July 30, 2024
26 Jul, 2024 | 2 Min. read
Income Tax Return Filing Everything You Should Know
26 Jul, 2024 | 6 Min. read
How To File ITR Online: A Comprehensive Step-by-Step Guide
26 Jul, 2024 | 7 Min. read
RVNL Secures ₹191.53 Crore Contract for South Eastern Railway Project
25 Jul, 2024 | 2 Min. read
Commodities Market Today | Oil Eases on Prospects of Middle East Ceasefire
25 Jul, 2024 | 1 Min. read
Share Market Today | Gift Nifty Declines on Negative Global Cues
25 Jul, 2024 | 4 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading