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  • Numbers, numbers, numbers: here is a simple summary of quarterly results announced on 26 July 2018

    Publish Date: 27th July, 2018

    Introduction

    The Sensex breached the 37,000 mark for the first time ever in its history, creating another exciting day at the stock markets. But the excitement didn’t end there since a number of big name companies announced their first quarter results for FY19. Here is a summary of the earnings reports released today.

    Also read: summary of results posted on 25 July 2018

    Bharat Financial Inclusion

    Non Banking Finance Company (NBFC), Bharat Financial Inclusion reported good results for the quarter ended June. Its profits increased by 195% to Rs 142 crore from Rs 48 crore during the same period last year. Steady business growth and lower marginal cost of borrowing helped to increase profitability. The company registered a 44% YoY growth in its loan portfolio to Rs 13,832 crore. While the YoY results have been good, the company’s net profits were down sequentially as a result of higher taxes and changes in income recognition.

    Read key highlights of HDFC bank’s Q1 results here.

    Cholamandalam Investment

    Cholamandalam Investment and Finance Company’s results for Q1FY19 were in-line with analysts’ expectations. Its profits increased by 35.7% on a YoY basis to Rs 285 crore. Revenues improved by 23.2% to Rs 1,597 crore due to good growth in Vehicle Finance (48%) and Home Equity (27%) segments of the company’s business. The company’s share price increased by 2.71% or Rs 46.75 to Rs 1,544.75 from its previous close on the BSE.

    How did Shriram City Union Finance perform in Q1? Read here.

    Colgate-Palmolive (India)

    FMCG giant Colgate-Palmolive India Ltd (CPIL) reported a 39% growth in net profit to Rs 189.51 crore for the quarter. The company registered a 4% volume growth led by a strong performance by products such as Colgate Swarna Vedshakti toothpaste, Colgate MaxFresh toothpaste and other brands belonging to its naturals portfolio. Regarding the company’s future outlook, MD Issam Bachaalani said that the company shall “continue to deliver innovation and invest in advertising” to build the company’s brands and drive growth. The company’s share price fell by 3.59% or Rs 1,084.10 at end of trading.

    Examine the numbers of Colgate’s competitor: Hindustan Unilever Limited

    Dr. Reddy’s Laboratories

    Generic drug manufacturer Dr Reddy’s Laboratories reported better than expected results for the quarter. The launch of a generic version of an opoid drug in the US helped to boost the company’s net profits by 621% to Rs 476 crore. Revenues grew by 12% to Rs 3,721 crore. Revenues from North America, the company’s biggest market, increased by 6% to Rs 1,590 crore, primarily driven by the launch of the drug: gSuboxone. However, revenues from the US were partly offset due to competitive pressures. Revenue from its Indian business increased by 30%. Dr Reddy’s share price increased by 2.19%; closing at Rs 2,134.65.

    Yes Bank

    Private sector lender Yes Bank began the FY19 with strong first quarter results. The company posted a 30.54% rise in profits at Rs 1,260.36 crore compared to Rs 965.52 crore during the same period last year. The company’s loan book grew quickly during the year. Advances increased by 53% to Rs 2.14 lakh crore across various segments like retail, domestic corporates, MSME and international banking. Non-Performing Assets (NPAs) stood at 1.31% for the quarter compared to 1.28% in the previous quarter. The company’s share price fell by 4.03% at the end of the trading day in what could be considered as a knee-jerk reaction to the earning numbers.

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