Snippets: Q1 Results of Hindustan Zinc, RBL Bank, Cyient & More

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Snippets: Q1 Results of Hindustan Zinc, RBL Bank, Cyient & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Hindustan Zinc (NS: HZNC ): The mining company’s consolidated net profit jumped 56% YoY to Rs 3,092 crore, thanks to zooming metal prices, and consolidated revenue surged 44.8% YoY to Rs 9,236 crore in the June quarter. It also delivered the best Q1 production for mined metal, refined metal and silver.

RBL Bank (NS: RATB ): The private lender reported a net profit of Rs 208.7 crore in Q1 FY23, compared to a loss of Rs 462.25 crore reported in the year-ago period. Its asset quality has improved, with gross NPA and net NPA declining to 4.08% and 1.16%, from 4.4% and 1.34%, respectively.

PVR (NS: PVRL ): The multiplex operator witnessed its best quarterly performance in the Apr-Jun period, with all-time high quarterly revenue and EBITDA at Rs 1,000 crore and Rs 208 crore, respectively.

JSW Energy (NS: JSWE ): The company’s net profit soared 179% YoY to Rs 560 crore in Q1 FY23, thanks to higher revenue, and total revenue surged 68% YoY to Rs 3,115 crore, primarily due to higher contribution from short-term sales, solar capacity addition at Vijayanagar and 45MW uprating at Karcham Wangtoo. 

CSB Bank (NS: CSBB ): The private lender’s net profit jumped 88% YoY to Rs 114.5 crore in Q1, due to declining bad loans, while its asset quality improved sharply.

Cyient (NS: CYIE ): The software company’s net profit climbed 1% YoY to Rs 116.1 crore, EBITDA rose 7% YoY and total income surged 18.4% YoY to Rs 1283.8 crore in Q1.

ICICI Securities (NS: ICCI ): The brokerage firm’s net profit fell 11.95% YoY to Rs 273.6 crore and total income climbed 6.3% YoY to Rs 794.76 crore in the June quarter.

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