Q1 Results of Tata, Reliance & Adani Group Companies, HUL & Others

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Q1 Results of Tata, Reliance & Adani Group Companies, HUL & Others
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Hindustan Unilever (NS: HLL ): The FMCG heavyweight’s consolidated net profit surged 13.85% YoY to Rs 2,391 crore and revenue from operations jumped 19.5% YoY to Rs 14,331 crore, both exceeding the Street’s estimates in the  Apr-Jun quarter.

Ambuja Cements (NS: ABUJ ): The cement major’s consolidated profit declined 25.5% YoY to Rs 865.4 crore in Q1 FY23, due to higher power & fuel costs and freight expenses, while revenue climbed 15.1% YoY to Rs 8,033 crore. It is an Adani (NS: APSE ) Group-led company.

HDFC (NS: HDFC ) Life Insurance Company (NS: HDFL ): The private insurer’s PAT surged 21% YoY to Rs 365 crore and net sales jumped 54.7% YoY to Rs 6,690.1 crore in Q1 FY23, while EBITDA rallied 63.1% YoY to Rs 337 crore in the period.

L&T (NS: LART ) Finance Holdings (NS: LTFH ): The NBFC’s net profit surged 47% YoY to Rs 261 crore in Q1, led by an all-time high quarterly retail disbursements, while its total income rose slightly to Rs 3,135.8 crore.  

ICICI Lombard General Insurance Company (NS: ICIL ): The financial company’s gross premium rose 30% YoY and net premium climbed 10% YoY to Rs 3,468 crore in Q1 FY23. The net profit jumped 80% YoY to Rs 349 crore.

Rallis India (NS: RALL ): The Tata Group chemical company’s profit declined 18.1% YoY to Rs 67.5 crore in the June quarter and revenue from operations surged 16.5% YoY to Rs 862.8 crore in the period.

TV18 Broadcast (NS: TVEB ): The Reliance (NS: RELI ) Industries-led media company’s consolidated net profit declined 63.1% YoY to Rs 60 crore and revenue from operations rose 9.53% YoY to Rs 1,265.1 crore in Q1 FY23.

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