Q1 Results Highlights: LIC Housing Finance's net profit slips 2% to Rs 1,300 crore

The live blog session has concluded. For more news, views and updates, stay tuned with Moneycontrol.com

LIC Housing Finance on August 2 reported a 1.8 percent decline in net profit at Rs 1,300.2 crore in the first quarter of FY25, compared to Rs 1,323.7 crore in the year-ago period, the company said in an exchange filing.

The firm's gross non-performing assets ratio was at 3.21 percent in the June quarter over 3.31 percent in the March quarter. The net NPA ratio stood at 1.68 percent in the Q1FY25 against 1.63 percent in the previous quarter.

Varun Berry, Britannia's vice chairman & managing director, said: We continue to make positive strides in rural as we expand distribution footprint and enhance product offerings to align with regional preferences, and well positioned to benefit from the consumption growth in rural. As a result, rural market share grew at a faster clip than urban. We are actively leveraging the rapidly growing Modern Trade and E-commerce channels, both growing handsomely compared to previous year. Additionally, we introduced the Pure Magic Stars and Golmaal variant during the quarter, which have contributed to heightened consumer excitement and strengthened our brand franchisee.

Varun Berry, vice chairman & managing director, said: “We come out of a challenging financial year that witnessed consumption slowdown, particularly in Rural India. Our performance this quarter reflects the agile approach to a dynamic market environment and diligent market practices. We delivered a modest revenue growth of 4 percent during the quarter, driven by high single-digit volume growth, and improved operating margins over last year. Our market share progressed well as an outcome of sustained investments in brands, product excellence, and innovation.

The Indian biscuit maker Britannia Industries on August 2 reported a consolidated net profit of Rs 524 crore for the June quarter, a growth of 14.5 percent from the same quarter of the previous financial year at Rs 458 crores.

The company's revenue came in at Rs 4,130 crore, rising 4 percent, the company said in a regulatory filing as compared to Rs 4,010.70 crore in Q1 FY25.

According to a Moneycontrol poll of ten brokerages, Britannia Industries meets estimates at four percent revenue growth at Rs 4,178 crore. Net profit was expected at Rs 517 crore from Rs 458 crore from the corresponding quarter last year.

Jeweller and watchmaker Titan Ltd on August 2 said its standalone net profit fell by 1 percent to Rs 770 crore in the June quarter as compared to Rs 777 crore in the year-ago period as higher gold prices deterred demand.

However, the firm's standalone revenue from operations rose 10 percent to Rs 11,105 crore in Q1FY25 as compared to Rs 10,103 crore in Q1FY24.

Eris Life on August 2 posted a net profit of Rs 83.2 crore in the June quarter, down 12.4 percent over Rs 95 crore in the year-ago period, the company said in an exchange filing.

However, revenue from operations rose 54 percent to Rs 719.7 crore in the reported quarter against Rs 466.6 crore in the corresponding period of the previous financial year, the filing showed.

The firm also announced that it will acquire Chemman Labs for Rs 105 crore.

Bectors Food on August 2 registered a 1.7 percent rise in net profit at Rs 35.4 crore in the first quarter of FY25 compared to Rs 35 crore in the year-ago period, the company said in an exchange filing.

The firm's revenue from operations rose 17.5 percent to Rs 439.4 crore in the June quarter over Rs 374.1 crore in the corresponding period of the previous financial year, the filing showed.

Its EBITDA was up 10.7 percent at Rs 64.1 crore in Q1FY25 against Rs 57.9 crore in Q1FY24, while margin stood at 14.6 percent in the reported quarter over 15.5 percent in the year-ago period.

Delhivery on August 2 reported a net profit of Rs 54.4 crore in the first quarter of FY25 compared to Rs 89.5 crore in the year-ago period, the company said in an exchange filing.

The firm's revenue from operations jumped 12.7 percent to Rs 2,172.3 crore in the June quarter compared to Rs 1,927.8 crore in the year-ago period.

EBITDA was at Rs 97 crore in Q1FY25 over EBITDA loss of Rs 15.1 crore in Q1FY24, while stood at 4.5 percent.

Tamilnad Mercantile Bank on August 2 posted a 10 percent rise in net profit at Rs 287.3 crore in the first quarter of FY25, compared to Rs 261.23 crore in the corresponding quarter of the previous financial year, the lender said in an exchange filing.

The lender's net profit in the March quarter stood at Rs 253.06 crore.

Its net interest income grew 8 percent at Rs 174.8 crore in the quarter under review over Rs 161.9 crore in the year-ago period.

Gross non-performing assets (NPA) were at Rs 587.66 crore in the June quarter against Rs 575.06 crore in the March quarter, while the net NPA were at Rs 261.56 crore compared to Rs 335.82 crore in the preceding quarter.

The net NPA improved to 0.65 percent in Q1FY25 compared to 0.85 percent in the Q4FY24, while the gross NPA was flat at 1.44 percent sequentially.

On August 2, the stock price of the lender ended 0.97 percent lower at Rs 451.3 on NSE.

GSK Pharma on August 2 reported a 37.8 percent rise in net profit at Rs 182.3 crore in the first quarter of FY25, compared to Rs 132.3 crore in the year-ago period, the company said in an exchange filing.

The firm's revenue from operations jumped 7 percent to Rs 814.7 crore in the quarter under review over Rs 761.7 crore in the corresponding period of previous financial year, the filing showed.

EBITDA stood at 60.1 percent at Rs 230.6 crore in the June quarter against Rs 144 crore in the year-ago period.

Margin came in at 28.3 percent in Q1FY25 over 18.9 percent in Q1FY24.

UPL Limited on August 2 posted a net loss of Rs 384 crore in the first quarter of FY25, compared to a profit of Rs 166 crore in the year-ago period.

The revenue from operations rose 1.2 percent to Rs 9,067 crore in the quarter under review against Rs 8,963 crore in the corresponding period of previous financial year, the company filing showed.

EBITDA was down 13.5 percent at Rs 1,101 crore in Q1FY25, over Rs 1,273 crore in Q1FY24. Margin stood at 12.1 percent in the June quarter over 14.2 percent in the year-ago period.

The firm's stock was trading 3.69 percent in the red at Rs 539.75 on NSE at 15:05 pm.

Hindustan Zinc on August 2 reported a 19.4 percent jump in net profit at Rs 2,345 crore in the first quarter of FY25, compared to Rs 1,964 crore in the corresponding period of previous financial year, the company said in an exchange filing.

The firm’s revenue from operations rose 11.6 percent to Rs 8,130 crore in the quarter under review over Rs 7,282 crore in the year-ago period, the filing said.

EBITDA rose 18 percent at Rs 3,946 crore in Q1FY5 over Rs 3,347 in Q1FY4

Margin came in at 48.5 percent in the June quarter over 46 percent in the year-ago period.

At 2:40 pm on August 2, Hindustan Zinc's shares were trading 1.4 percent higher at Rs 657 apiece.

Edelweiss Financial Services on August 2 reported a 16.8 percent jump in net profit at Rs 59 in the first quarter of FY25, compared to Rs 51 crore in the year-ago period, the company said in an exchange filing.

The firm's revenue rose 17.5 percent to Rs 2,325.1 crore in the quarter under review over Rs 1,978.6 crore in the corresponding period of previous financial year.

Net profit down 11.8% at Rs 16.5 crore vs Rs 19 crore (YoY)

Revenue up 5.8% at Rs 196.7 crore vs Rs 186 crore (YoY)

EBITDA up 1.4% at Rs 35.6 crore vs Rs 35 crore (YoY)

Margin at 18% vs 19% (YoY)

Net profit down 8% at Rs 70 crore vs Rs 76 crore (YoY)

Revenue up 3.5% at Rs 141.3 crore vs Rs 136.5 crore (YoY)

EBITDA flat at Rs 86 crore (YoY)

Margin at 61% vs 63% (YoY)

Net profit up 42% at Rs 108.2 crore vs Rs 76 crore YoY

Revenue up 26.8% at Rs 331.4 crore vs Rs 261.3 crore YoY

EBITDA up 36.4% at Rs 149.8 crore vs Rs 109.8 crore YoY

Margin at 45.2% vs 42% YoY

Net profit up 46% at Rs 46.4 crore compared to Rs 32 crore YoY

Revenue up 18% at Rs 746 crore compared to Rs 631.6 crore YoY

EBITDA up 74% at Rs 80.8 crore compared to Rs 46.4 crore YoY

Margin at 11%, up from 7.3% YoY

Net profit at Rs 31.6 crore vs Rs 16 crore year-on-year

Revenue up 2.9% at Rs 208 crore vs Rs 202 crore year-on-year

EBITDA down 30.5% at Rs 6.8 crore vs Rs 9.8 crore year-on-year

Margin at 3.3% vs 5% year-on-year

Net profit at Rs 70 crore vs Rs 26 crore (YoY)

Other income at Rs 28 crore vs Rs 3 crore (YoY)

Revenue up 1.5% at Rs 753 crore vs Rs 742 crore (YoY)

EBITDA up 42% at Rs 68 crore vs Rs 48 crore (YoY)

Margin at 9% vs 6.5% (YoY)

Net profit down 7.9% at Rs 35 cr vs Rs 38 cr (YoY)

Revenue up 21% at Rs 623 cr vs Rs 513.6 cr (YoY)

EBITDA up 12.3% at Rs 74.2 cr vs Rs 66.1 cr (YoY)

Margin at 12% vs 13% (YoY)

-Net profit up 34% at Rs 148 cr vs Rs 110 cr (YoY)

-Revenue up 21% at Rs 841 cr vs Rs 702 cr (YoY)

-EBITDA up 35% at Rs 156 cr vs Rs 116 cr (YoY)

-Margin at 18.5% vs 16.5% (YoY)

Net profit decreased by 15% to Rs 37 crore from Rs 44 crore year-on-year.

Revenue increased by 26% to Rs 205.3 crore from Rs 163.3 crore year-on-year.

EBITDA rose by 3.4% to Rs 51.4 crore from Rs 49.7 crore year-on-year.

Margin stood at 25%, down from 30.4% year-on-year.

Emkay Global stated that price actions in select SKUs are expected to reduce competition and help the company gain market share. However, these price adjustments are projected to result in a 45 basis points year-on-year gross margin contraction to 41.5 percent.

According to a Moneycontrol poll of ten brokerages, Britannia Industries is likely to report a four percent revenue growth at Rs 4,178 crore. Net profit is likely to come in at Rs 517 crore from Rs 458 crore from the corresponding quarter last year.

A Moneycontrol poll of eight brokerages suggests the jewellery major is likely to report a nine percent revenue growth at Rs 12,185 crore. Net profit is likely to come in at Rs 711 crore, declining marginally from Rs 777 crore in the corresponding quarter last year.

Loan growth is likely to remain weak, net interest margin may decline sequentially, operating profits are likely to be weak, and stability in credit costs expected

Titan is expected to have a tepid quarter due to fewer wedding dates, rising gold prices, and increasing competition from regional players, according to experts. The April to June period, typically buoyed by weddings and festivals like Gudi Padwa and Akshaya Tritiya, had fewer wedding dates this year, leading to a slowdown in the strong growth seen in previous quarters.