Maruti Suzuki Q1 Profit Surges, Power Grid Reports A Decline — Earnings Wrap

Maruti Suzuki India Ltd. saw its net profit rise in the quarter ended June, aided by higher sales and an increasing share of SUVs.

India's largest carmaker reported a profit of Rs 2,485 crore in April-June, logging a growth of 145% from the year ago period, according to an exchange filing on Monday. That compares with the Rs 2,466 crore consensus forecast of analysts tracked by Bloomberg.

Adani Energy Solutions Ltd. (formerly known as Adani Transmission Ltd.) reported a revenue growth of 19% year-on-year to Rs 3,622 crore in the quarter ended June, as compared with Rs 3,049 crore, according to an exchange filing. The net profit rose 8% to Rs 182 crore from Rs 168 crore a year ago.

Power Grid Corp. of India Ltd. logged revenue growth of 1.31% to Rs 11,048.13 crore from Rs 10,905.21 crore a year ago, according to a stock exchange notice. The net profit declined 5.37% to Rs 3,597.16 crore from Rs 3,801.29 crore in the year ago quarter.

Here are the major results announced on Monday:

Maruti Suzuki Q1 FY24 (Standalone, YoY)

• Revenue are up 22% at Rs 32,326.9 crore vs Rs 26,499.8 crore

• Net profit is up 145.4% at Rs 2,485.1 crore vs. Rs 1,012.8 crore

• Ebitda is up 56% at Rs 2,983 crore vs. Rs 1,912.1 crore

• Margins at 9.2% vs. 7.2%

Petronet LNG Q1 FY24 (Consolidated, YoY)

• Revenue down 18.3% at Rs 11,656.4 crore vs Rs 14,263.8 crore.

• Net profit up 13% at Rs 819.3 crore vs. Rs 724.8 crore.

• Ebitda is up 11% at Rs 1,181.7 crore vs. Rs 1,064.8 crore.

• Margins at 10.1% vs. 7.5%.

Powergrid Q1 FY24 (Consolidated, YoY)

• Revenues up 1.31% at  Rs 11,048.13 crore vs Rs 10,905.21 crore

• Net profit down 5.37% at Rs 3,597.16 crore vs Rs 3,801.29 crore

• Ebitda up 4.69% at  Rs 9,682.6 crore vs Rs 9,249.23 crore

• Margins at 87.6% vs 84.8%

Bosch Q1 FY24 (Consolidated, YoY)

• Revenues up 17.32% at  Rs 4158.4 crore vs Rs 3544.4 crore

• Net profit up 22.38% at  Rs 408.9 crore vs Rs 334.1 crore

• Ebitda up 4.09% at  Rs 467.9 crore vs Rs 449.5 crore

• Margins at 11.25% vs 12.68%

R Systems International Q1 FY24 (Consolidated, YoY)

• Revenue up 0.67% at Rs 406.78 crore vs. Rs 404.07 crore.

• Net profit down 54.65% at Rs 14.43 crore vs Rs 31.82 crore.

• Ebitda up 15.92% at Rs 45.51 crore vs. Rs 39.26 crore.

• Margins at 11.19% vs. 9.72% 

Som Distilleries & Breweries Q1 FY24 (Consolidated, YoY)

• Revenues up 51.39% at Rs 385.01 crore vs Rs 254.31 crore

• Net profit up 31.22% at Rs 33.66 crore vs Rs 25.65 crore

• EBITDA up 42.25% at Rs 48.51 crore vs Rs 34.1 crore

• Margins at 12.591% vs 13.40%

Adani Energy Solutions Q1 FY24 (Consolidated, YoY)

• Revenue is up 19% at Rs 3,622 crore vs. Rs 3,049 crore.

• Net profit up 8% at Rs 182 crore vs. Rs 168 crore.

• Ebitda up 4% at Rs 1,378 crore vs. Rs 1,326 crore.

• Cash profit is down 11% at Rs 649 crore vs. Rs 730 crore.

Kaynes Technology Q1 FY24 (Standalone QoQ)

• Revenue down 18.41% at Rs 290.69 crore vs. Rs 356.26 crore.

• Net profit down 34.76% at Rs 25.19 crore vs Rs 38.61 crore.

• Ebitda down 34.23% at Rs 31.91 crore vs. Rs 48.52 crore.

• Margins at 10.98% vs. 13.62%

KEI Industries Q1 FY24 (Consolidated, YoY)

• Revenues up 13.9% at Rs 1,782.57 crore vs Rs 1,565.41 crore

• Ebitda up 11.7% at Rs 178.3 crore vs Rs 159.6 crore

• Net profit up 16.98% at Rs 121.4 crore vs Rs 103.8 crore

• Margins at 10% vs 10.2%

H.G. Infra Engineering Q1 FY24 (Consolidated, YoY)

• Revenues up 22.18% at Rs 1,351.16 crore vs Rs 1,105.90 crore

• Ebitda up 41% at Rs 280.72 crore vs Rs 199.01 crore

• Net profit up 37.4% at Rs 150.4 crore vs Rs 109.4 crore

• Margins at 20.8% vs 17.9%

Oberoi Realty Q1 FY24 (Consolidated, YoY)

• Revenues down 0.34% at  Rs 909.97 crore vs Rs 913.11 crore

• Net profit down 20.2% at  Rs 321.64 crore vs Rs 403.08 crore

• Ebidta down 3.74% at  Rs 473.73 crore vs Rs 492.17 crore

• Margins at 52.05% vs 53.9%

JBM Auto Q1 FY24 (Consolidated, YoY)

• Revenues up 9.38% at  Rs 946.22 crore vs Rs 865.03 crore

• Net profit up 16.7% at  Rs 30.28 crore vs Rs 25.93 crore

• Ebitda up 38.04% at  Rs 115.45 crore vs Rs 83.63 crore

• Margins at 12.2% vs 9.6%

Best AgroLife Q1 FY24 (Consolidated YoY)

• Revenues up 31.89% at Rs 612.23 crore vs Rs 463.7 crore

• Net profit up 125.68% at Rs 90.5 crore vs Rs 40.13 crore

• Ebitda up 96.21% at Rs 129.7 crore vs Rs 66.1 crore

• Margins at 21.19% vs 14.24%

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