Rapid Results Alerts
4004.65
-2.19%

Procter & Gamble Health announced Q1FY23 results:

  • The company recorded sales of Rs 1,092 crore for the fiscal year ending 30 June 2022, up by 10% vs a year ago
  • Profit After Tax (PAT) for the year ended 30th June 2022 is Rs 193 crores, up by 9%

Mr. Milind Thatte, Managing Director, P&G Health India, said, “We have registered consistent growth in revenue in recent quarters in a challenging environment which saw the industry facing headwinds across many categories. This has been a result of extensive efforts across all fronts to improve awareness and accessibility of our superior, quality products, and better serve our customers, consumers, partners and communities. We continued our efforts to create awareness through integrated campaigns encouraging consumers to identify symptoms and seek timely treatment. Our team stepped up on scientific education efforts for healthcare practitioners through accredited symposiums, roundtables and congresses with leading medical and pharmacy associations. This year, we also launched the ‘P&G Health Academy’, a virtual platform that brings together health experts from across the globe to converge, share and learn. We strengthened our go-to-market strategy through new initiatives that aim to increase reach and distribution. We continued to invest in strengthening public health through our flagship CSR program ‘SEHAT’ (meaning health) with 9 bespoke initiatives, while making strong progress on gender diversity, equality and inclusion through our i-RISE program.”

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14584.50
-0.23%

Personal Products firm Procter & Gamble Hygiene & Healthcare announced Q1FY23 Result :

  • Sales up 9% for the fiscal ended June 30, 2022
  • Procter & Gamble Hygiene and Health Care Ltd. today announced its financial results for the fiscal and quarter ended June 30, 2022. Despite unprecedented headwinds from macroeconomic challenges and softening consumption trends, the Company continued to grow and delivered a resilient performance in the fiscal with sales of Rs 3,901 crore, up 9% versus year ago, behind the proven superiority strategy and strong brand fundamentals. Profit After Tax (PAT) was Rs 576 crore, down 12% versus year ago, largely behind commodities inflation which was significantly countered by cost productivity and pricing in the current year. Compared to the fiscal two years ago, the Company’s sales are up 30% and Profit After Tax (PAT) is up 33%.
  • For the quarter ended June 30, 2022, the company delivered sales of Rs 776 crore, down 1% versus year ago. Profit After Tax (PAT) was Rs 43 crore, down 13% versus year ago largely behind commodity cost inflation. For the quarter, both feminine care and healthcare businesses continue to grow and maintain category leadership.

LV Vaidyanathan, Managing Director, Procter & Gamble Hygiene and Health Care Ltd. said, “The operating environment continues to be marked by unprecedented headwinds and commodity fluctuations. Despite these challenges, we remain resilient, agile, and committed to serve Indian consumers, delivering sequential sales growth this year. The execution of our integrated strategies of a strong portfolio, superiority, productivity, constructive disruption, and an agile and accountable organization structure, has empowered us to deliver these consistent results. Our strategy is fueled by balancing innovation and industry-leading practices, while driving productivity in everything we do.” He further added, “While the unprecedented market challenges and uncertainties remain in the near-term, we will continue to stay focused on our strategy of driving superiority and productivity and enabled by the strength of our organization and culture, to deliver balanced growth and value creation.”

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Gillette India Ltd.    
22 Aug 2022
5184.85
-2.09%

Personal Products firm Gillette India Announced Q1FY23 Result :

  • Sales up 12% for the fiscal ended June 30, 2022
  • Sales up 27% for the quarter ended June 30, 2022
  • Gillette India Limited (GIL) today announced its financial results for the quarter and fiscal ended June 30, 2022. Despite unprecedented headwinds from macroeconomic challenges and softening consumption trends during the fiscal, the Company delivered sales of Rs 2,256 crore, up 12% versus year ago behind the strength of its product portfolio and improved retail execution. Profit After Tax (PAT) was Rs 289 crore, down 7%, largely behind commodity cost inflation. Compared to the fiscal two years ago, the Company’s sales are up 34% and Profit After Tax (PAT) is up 26%.
  • For the quarter ended June 30, 2022, the Company delivered a strong performance with sales of Rs 553 crore, up 27% versus year ago, driven by its superiority strategy and strong brand fundamentals. Profit After Tax (PAT) was Rs 68 crore, up 145% versus year ago behind strong sales growth and productivity in the current quarter, as well as higher investment in brand building activities in the base period. Compared to the corresponding quarter two years ago, the Company’s sales are up 57% and Profit After Tax (PAT) is up 50%. For the quarter, both grooming and the oral care businesses recorded double-digit growth and grew ahead of their categories.

LV Vaidyanathan, Managing Director, Gillette India Ltd. said, “Our commitment to our integrated strategies of a strong portfolio, superiority, productivity, constructive disruption, and an agile and accountable organization structure, has empowered us to deliver these consistent results this fiscal year, despite unprecedented challenges and disruptions in the macroeconomic and business landscape. This is a testament to the strength of our products and strategic choices to drive meaningful superiority across products, packaging, communication, retail execution and value proposition. Our strategy is fueled by balancing innovation and industry-leading practices, while driving productivity in everything we do. The cornerstone of all of this, is our resilient organization.” He further added, “While the near-term continues to be marked by unprecedented challenges and uncertainties, we will continue to focus on our strategy which has consistently enabled us to deliver balanced growth and value creation.”

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Power Mech Projects Ltd.    
18 Aug 2022
1796.75
3.68%

Construction & Engineering firm Power Mech Projects announced Q1FY23 Result :

  • Power Mech Projects Limited bags Flue Gas Desulphurization [FGD] projects of Rs.6,163.20 Crores from Adani Group
  • Power Mech Projects Limited (PMPL) has bagged a record order for 5 Flue Gas Desulphurization [FGD] projects with an aggregating value of Rs.6,163.20 Cr. The orders are for a quantum of 15 FGD retrofits to coal based units, whose sizes ranging between 330 MW and 660 MW. These Engineering, Procurement and Construction (EPC) projects are projected to be implemented over the course of next 30 months are prestigious to PMPL.
  • M/s.Adani Group is considered highly valued customer to PMPL with an association of over 15 years; rendering services for the group in multiple portfolios including Power, Infra, Pipelines, Material Handling etc. These 5 projects would be implemented at Adani Group's coal based power plants in Mundra, Tiroda, Kawai and Udupi where PMPL has already established its presence.

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Maithan Alloys Ltd.    
17 Aug 2022
947.60
-4.90%

Iron & Steel Products firm Maithan Alloys announced Q1FY23 Result :

  • Total Revenue from Operations up by 80% YoY at Rs. 1,020.3 crores
  • Manufacturing EBITDA up by 152% YoY at Rs. 355.6 crores; Margins at 37.1%
  • Profit Before Tax (Excluding exceptional items) up by 152% YoY at Rs. 370.2 crores

Commenting on the results and performance, Mr. Subodh Agarwalla, Whole-time Director and CEO said: “We are delighted to announce that our company has reported highest ever quarterly revenue in Q1 FY23 despite the power cut issues faced at Vishakhapatnam plant and at our subsidiary Impex Metal & Ferro Alloys Ltd. The business environment was challenging on account of inflation, geopolitical situation and high energy costs. Our topline growth was aided by higher sales volumes and better realizations. Our wholly owned subsidiary IMPEX, have also done sizable volumes and operated at optimal capacity in Q1 FY23 except due to impact of power cuts.

Our company has incurred high power and coke & coal costs on account of market scenario, which has led to limited impact on our manufacturing EBIDTA margins. We had observed strong demand from both domestic and international markets. However, since the end of last quarter, prices of our products have reduced drastically with high impact on profitability margins.

Production at our Vishakhapatnam and IMPEX unit faced certain disturbances on account of 50% power supply cut from 8th April, 2022 to 17th May, 2022. Both units were permitted to draw full load from 18th May, 2022 onwards. Our other two manufacturing units at Kalyaneshwari, West Bengal and Byrnihat, Meghalaya operated at optimum capacity without any disruptions. India has remained resilient despite the weakening global Macro economic trends. Steel consumption is expected to remain strong driven by higher construction and infrastructure activities. Steel players in India are incurring capacity expansions which shall led to increased demand for ferro alloys.

We remain cautiously optimistic with the current geopolitical situation which may led to correction in commodity prices. We shall continue to monitor that situation. However, with our huge product basket and customized manganese alloys, we are confident of increasing our market share going ahead globally and also increasing our wallet share from existing customers.”

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Titagarh Wagons Ltd.    
17 Aug 2022
142.90
-4.96%

Commercial Vehicles firm Titagarh Wagons announced Q1FY23 Result :

  • Total Income registered a strong double-digit growth of 27% on YoY basis, owing to improving macro-economic scenario.
  • Demand outlook remained strong and execution on track as recovery from covid-19 continues
  • EBITDA of Rs. 48.8 Crores, registering a YoY growth of 12%
  • Maintaining EBITDA margins of 11.2% despite sharp increase in raw material prices especially steel
  • Profit after Tax of Rs. 22.3 Crores with margin of 5.2% registering a strong YoY growth of 10%
  • The company reported strong growth in its standalone operations during FY22

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459.25
-2.86%

Apparels & Accessories firm Pearl Global Industries announced Q1FY23 Result :

  • Revenue Rs. 851.1 Crs up 95%
    • Highest ever Q1 revenue since inception on account of better product mix, increase in contribution from in house and partnership factory and improved capacity utilizations in Vietnam and Bangladesh.
    • Inhouse manufacturing increased by 30%
  • EBITDA improved by 370 bps to 7.9% in Q1FY23 from 4.2% in Q1FY22 due to:
    • Improved operating efficiency in Vietnam and Bangladesh
    • Operating leverage kicking in due to increase in volumes
  • Credit Rating improved to BBB+ stable from BBB stable
  • Partnership factory contribution to overall revenue increased from 2.8% in Q1FY22 to 21.3% in Q1FY23 translating to 1.9 million on a standalone basis
  • Revenue increased by 95% YoY:
    • Standalone revenue increased because of increased contribution from in house and partnership factory
    • In house manufacturing increased by 30%. Number of pieces shipped increased from 3.2 million pieces in Q1FY22 to 4.2 million pieces in Q1FY23
    • Partnership factory contribution to overall revenue increased from 2.8% in Q1FY22 to 21.3% in Q1FY23 translating to 1.9 million on a standalone basis
    • Vietnam/ Bangladesh average FOB has increased because of better product mix
    • Operating efficiency has improved in both the countries resulting into increase in number of pieces shipped from 7.5 million pieces in Q1FY22 to 9 million pieces in Q1FY23
  • Improved product mix, Operating leverage and operational efficiency largely lead to improvement in EBITDA margin
  • It includes rental income/ foreign exchange fluctuation gain and one time software design charges.

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Insecticides (India) Ltd.    
16 Aug 2022
955.05
-4.26%

Agrochemicals firm Insecticides (India) announced Q1FY23 Result :

  • Revenue from Operations has grown by 19.74% from Rs.4,682.61 Mn in Q1 FY22 to Rs.5,606.90 Mn in Q1 FY23 due to increased traction in Maharatna segment business & growth of the B2C & B2B business.
  • The EBITDA increased by 10.12% from Rs.530.82 Mn in Q1 FY22 to Rs.584.53 Mn in Q1 FY23 mainly driven by increased share of premium products in product portfolio and higher sales of products launched in FY22 like Hachiman, Oxim and Shinwa which grew by ~3x in Q1 FY23.
  • EBITDA margins decreased marginally to 10.43% in Q1 FY23 from 11.34% in Q1 FY22 mainly on account of industry headwinds of rising raw material and energy costs. The company also made a M2M provision of ~INR 6.5cr to account for the Forex fluctuations on raw material purchases during the quarter.
  • PAT increased by 9.58% from Rs.349.60 Mn in Q1 FY22 to Rs.383.08 Mn in Q1 FY23.
  • PAT margins marginally declined to 6.83% in Q1 FY23 from 7.47% in Q1 FY22.

Commenting on the performance of Q1 FY23, Mr. Rajesh Aggarwal, Managing Director, said: “We are very happy to share that we have had an extremely successful quarter both in terms of financial performance and market acceptance of our newly launched products in last fiscal year. We are glad to see that our Research and development initiatives are being recognized as successful innovations in the form of several patents being granted recently. We are also extremely proud to share that our testing facility at Chopanki, Rajasthan has been awarded the coveted GLP certification recently."

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Brightcom Group Ltd.    
15 Aug 2022
34.70
-4.93%

Internet Software & Services firm Brightcom Group announced Q1FY23 Result :

  • Brightcom reported a strong quarter, with consolidated revenues of Rs. 1480.61 crores and PAT of Rs. 277.24 crores for Q1 FY22-23.
  • Consolidated revenues rose 126.38% YoY and PAT to 162.66% YoY. Notably, EBITDA also rose by 121.90% YoY.
  • Company's Return on Equity (ROE), on an annualized basis has nearly reached 20%.
  • Brightcom’s ROE is unleveraged, because the group has zero debt on standalone and consolidated basis.
  • We continue to focus on improving this key ratio.
  • In addition, as guided earlier, we achieved operating free cash flow of approximately Rs. 492 crores in the last two quarters
  • The company's consolidated tax rate across all geographies in this quarter was 28.29%.

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Rajesh Exports Ltd.    
15 Aug 2022
608.85
4.14%

Apparels & Accessories firm Rajesh Exports announced Q1FY23 Result :

  • Revenue of Rs. 494970.77 Million
  • Net Profit stands of Rs. 2717.37 Million
  • Consolidated Revenues for the quarter of Rs. 494970.77 Million.
  • Consolidated EBIDTA for the quarter of Rs. 2945.93 Million.
  • Consolidated PAT for the quarter of Rs. 2717.37 Million.
  • Consolidated EPS for the quarter at Rs. 9.20 per share of Rs 1.

Mr Rajesh Mehta, Chairman, Rajesh Exports Ltd. said, “The Company has posted an EBIDTA of Rs. 2945.93 Million in the first quarter of the year. The Revenues have also been good for the first quarter at Rs. 494970.77 Million. The Company is back on the growth trajectory after the pandemic quarters and we expect good quarters during the remaining period of the year”

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