[ad_1]
Q3 Outcomes Immediately: A number of listed firms introduced their quarterly earnings on Tuesday. Amongst them had been ICICI Prudential Life, Tata Funding Company Ltd, Metro Manufacturers, Newgen Software program and Tata Metaliks. Listed here are high highlights of the outcomes.
ICICI Prudential Life Q3 Outcomes: Revenue dips 29% to Rs 221 crore
ICICI Prudential Life Insurance coverage on Tuesday reported a 29 per cent decline in its revenue at Rs 221 crore for the third quarter ended December 2022.
The corporate had posted a revenue of Rs 311 crore in the identical quarter a 12 months in the past.
Throughout the third quarter of this fiscal the web premium earnings elevated to Rs 9,465 crore as towards Rs 9,074 crore in the identical interval a 12 months in the past, ICICI Prudential Life stated in a regulatory submitting.
The property underneath administration of the corporate stood at Rs 2,51,884 crore, it stated, including, the corporate had a debt-equity mixture of 54:46 as on December 31, 2022.
The corporate’s internet value was Rs 10,092 crore on December 31, 2022 whereas the solvency ratio was 212.2 per cent towards the regulatory requirement of 150 per cent.
Tata Funding Corp Q3 Outcomes: PAT drops 12.5% to Rs 35 crore
Tata Funding Company Ltd on Tuesday reported a 12.55 per cent decline in consolidated revenue after tax at Rs 34.74 crore for the third quarter ended December 31, 2022.
The corporate had posted a consolidated revenue after tax (PAT) of Rs 39.73 crore in the identical quarter final fiscal, Tata Funding Company Ltd stated in a regulatory submitting.
Consolidated whole earnings in the course of the quarter underneath evaluation stood at Rs 37.69 crore as towards Rs 50.97 crore within the year-ago interval.
The agency, which is a systemically necessary non-banking monetary firm and has no actions aside from these of an funding entity, stated its whole bills in the course of the third quarter stood at Rs 9.45 crore as in comparison with Rs 6.01 crore in the identical interval of the final fiscal.
Metro Manufacturers Q3 Outcomes: Web up 11.2% to Rs 113 crore
Footwear retail chain Metro Manufacturers Ltd has reported a rise of 11.19 per cent in consolidated internet revenue at Rs 112.99 crore for the third quarter ended December 2022.
The corporate had posted a internet revenue of Rs 101.61 crore in the course of the October-December quarter of the earlier fiscal, Metro Manufacturers Ltd (MBL), earlier referred to as Metro Footwear, stated in a regulatory submitting.
Its income from operations was up 23.75 per cent at Rs 598.71 crore in the course of the quarter underneath evaluation as towards Rs 483.77 crore within the corresponding interval of the earlier fiscal.
MBL’s whole bills had been at Rs 461.23 crore in Q3 FY 2022-23.
As of December 31, 2022, the corporate operated 720 shops throughout 164 cities in India.
Shares of Metro Manufacturers Ltd on Tuesday settled at Rs 844.40 on BSE, down 0.33 per cent from earlier shut.
ICICI Lombard Q3 Outcomes: Web revenue rises 11% to Rs 353 crore
Main basic insurer ICICI Lombard on Tuesday reported an 11 p.c development in internet earnings at Rs 353 crore within the three months ended December boosted by capital good points of Rs 152 crore and better gross sales.
The corporate’s gross direct premium earnings for the quarter rose 16.9 per cent, decrease than the business development of 18.1 per cent, at Rs 5,493 crore. Within the year-ago interval, the identical stood at Rs 4,699 crore.
Excluding crop phase, the gross direct premium earnings development was 17.1 per cent, which is greater than the business development of 16.6 per cent, the corporate stated in an announcement.
The mixed ratio, a key profitability matrix, improved to 104.4 from 104.5 on-year, it added.
The ICICI group firm booked Rs 152 crore from its market investments within the newest December quarter, up from Rs 131 crore a 12 months in the past, boosting its backside line.
Its solvency ratio was 2.45x as towards 2.47x as of September 2022 and a pair of.46x in March 2022.
ICICI Lombard is a frontrunner in motor insurance coverage aside from well being, crop, fireplace, private accident, marine, engineering, and legal responsibility insurance coverage. The corporate has issued over 29.3 million insurance policies, settled 2.3 million claims and has a gross written premium of Rs 18,562 crore as of March 2022.
Forward of the earnings announcement, the ICICI Lombard counter closed flat at Rs 1,250.15 on the BSE, whose benchmark Sensex rallied virtually 1 p.c.
Tata Metaliks Q3 Outcomes: Web revenue falls 73 laptop to Rs 9.48 crore
Tata Metaliks Ltd (TML) on Tuesday reported a pointy fall of 73 per cent in its December quarter internet revenue at Rs 9.48 crore, on account of elevated bills.
The corporate had posted a Rs 35.65 crore internet revenue within the year-ago interval, in response to an announcement.
Its whole earnings rose to Rs 792.43 crore from Rs 693.12 crore in the course of the October-December interval of the earlier 12 months.
Whole bills elevated to Rs 780.18 crore as towards Rs 642.83 crore a 12 months in the past.
In a separate assertion, Alok Krishna, Managing Director of Tata Metaliks, stated: “Pig Iron enterprise was adversely affected by weak well being of one of many blast furnaces which had frequent shutdowns and elevated prices. The blast furnace has been repaired in early December 2022.”
The brand new Ductile Iron (DI) pipe plant has been ramping up effectively with volumes growing quarter-on-quarter and better volumes are anticipated to come back from it within the fourth quarter.
A subsidiary of Tata Metal, Tata Metaliks produces pig iron and ductile iron pipes. Its annual scorching metallic manufacturing capability is 5 lakh tonnes, out of which 2 lakh tonnes is transformed into DI pipes and three lakh tonnes into pig iron.
Newgen Software program Q3 Outcomes: Web revenue grows marginally to Rs 48.2 crore
IT firm Newgen Software program Applied sciences on Tuesday reported an virtually flat development in its consolidated revenue after tax at Rs 48.2 crore within the third quarter ended December 31, 2022.
The corporate had posted a revenue after tax (PAT) of Rs 47.8 crore in the identical interval a 12 months in the past.
The consolidated income from opertaions of Newgen Software program, nevertheless, grew about 26 per cent to Rs 254.91 crore in the course of the reported quarter from Rs 202.5 crore within the December 2021 quarter.
“That is our first quarter with revenues exceeding Rs 250 crore. We witnessed a broad-based development throughout all geographies, with general third quarter income development of 26 per cent year-over-year. India and
EMEA geographies continued to be main development drivers with income development of 40 and 27 per cent respectively,” Newgen Software program Chairman and Managing Director Diwakar Nigam stated in an announcement.
[ad_2]
Source link
