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February 14, 2023

Adani Enterprises: The group issued another statement on Monday, saying that the balance sheet of each independent portfolio company is very healthy and that they have secure assets, strong cash flow and industry- leading development capabilities.

NYKAA: Net profit for the December quarter declined 71 percent year-on-year as depreciation doubled.

Revenue grew 33 percent from last year while EBITDA margin declined 100 basis points, despite a 290 basis points drop in gross margin. Gross Merchandise Value increased 37 percent to Rs 2,796.5 crore.

SAIL: Company has registered a 64.5% YoY decline in profit at Rs 542 crore for quarter ended December FY23, impacted by lower topline and operating income.

Power Finance Corporation: Company has recorded a 7.8% year-on- year increase in consolidated profit at Rs. 3,860 crore for three-month period ended December FY23, aided by write-back of impairment on financial instruments.

Net interest income for the quarter at Rs 7,218.7 crore declined by 7.1% compared to year-ago period.

Linde India: Company has reported a 62.3% year-on- year growth in consolidated profit at Rs 110 crore for quarter ended December FY23, led by operating performance and partly by low base.

In Q3FY22, it had an exceptional loss of Rs 18.97 croreRevenue for the quarter grew by 8.2% YoY to Rs 697 crore, while on the operating front.

Castrol India: Company has clocked a 2.5% year-on-year growth in profit at Rs 193.32 crore for December FY23 quarter dented by weak operating performance. Revenue for the quarter at Rs 1,176 crore grew by 7.8% YoY.