ITC, SBI, GAIL to Tata Elxsi: These companies to declare Q4 results today

ITC Ltd reported 21 per cent rise in net profit to ₹5,031.01 crore in October to December 2022 quarter. This was against a net profit of ₹4156.2 crore in the corresponding quarter in previous fiscal. The revenue from operations rose by 2.3 per cent to ₹16225.1 crore from ₹15862 crore in the corresponding quarter last fiscal. The earnings before interest, taxes, depreciation and amortisation (EBITDA), grew by 22% on year to ₹6223.2 crore from ₹5,102.1 crore.

ITC Ltd reported 21 per cent rise in net profit to ₹5,031.01 crore in October to December 2022 quarter. This was against a net profit of ₹4156.2 crore in the corresponding quarter in previous fiscal. The revenue from operations rose by 2.3 per cent to ₹16225.1 crore from ₹15862 crore in the corresponding quarter last fiscal. The earnings before interest, taxes, depreciation and amortisation (EBITDA), grew by 22% on year to ₹6223.2 crore from ₹5,102.1 crore.

India’s largest commercial bank State Bank of India (SBI) reported a 68% rise in its net profit to a record high of ₹14,205 crore during the third quarter ended December 2022. Analysts on average had expected a profit of ₹13,101 crore, according to Refinitiv IBES data. So, SBI managed to beat estimates after announcing Q3 results. SBI’s net interest income (NII), which is the difference between interest earned and expended, rose 24% to ₹38,068 crore from ₹30,687 crore year-on-year (YoY). Domestic net interest margin (NIM) for Q3FY23 increased by 29 bps YoY to 3.69%.

India’s largest commercial bank State Bank of India (SBI) reported a 68% rise in its net profit to a record high of ₹14,205 crore during the third quarter ended December 2022. Analysts on average had expected a profit of ₹13,101 crore, according to Refinitiv IBES data. So, SBI managed to beat estimates after announcing Q3 results. SBI’s net interest income (NII), which is the difference between interest earned and expended, rose 24% to ₹38,068 crore from ₹30,687 crore year-on-year (YoY). Domestic net interest margin (NIM) for Q3FY23 increased by 29 bps YoY to 3.69%.

The PSU bank’s asset quality improved as gross bad loans as a ratio of total loans eased to 3.14% from 3.52% a quarter earlier. Its net NPA stood at 0.77% as compared to 0.80% quarter-on-quarter (QoQ). The provisions and contingencies slipped to ₹5,760 crore versus ₹3,038 crore QoQ and ₹6,974 crore YoY.

The PSU bank’s asset quality improved as gross bad loans as a ratio of total loans eased to 3.14% from 3.52% a quarter earlier. Its net NPA stood at 0.77% as compared to 0.80% quarter-on-quarter (QoQ). The provisions and contingencies slipped to ₹5,760 crore versus ₹3,038 crore QoQ and ₹6,974 crore YoY.

Government-owned GAIL (India) recorded a decline in profitability during December 2022 quarter on both a year-on-year and quarter-on-quarter basis due to supply hit. Although, revenue was better compared to Q3 of the previous fiscal, however, down sequentially. GAIL posted a standalone net profit of ₹2245.73 crore in Q3FY23. On a standalone basis, the company’s Q3 PAT dipped by 92.52% from ₹3,287.99 crore in the same quarter a year ago. While PAT dropped by 84.01% from ₹1,537.07 crore in the September 2022 quarter.

Government-owned GAIL (India) recorded a decline in profitability during December 2022 quarter on both a year-on-year and quarter-on-quarter basis due to supply hit. Although, revenue was better compared to Q3 of the previous fiscal, however, down sequentially. GAIL posted a standalone net profit of ₹2245.73 crore in Q3FY23. On a standalone basis, the company’s Q3 PAT dipped by 92.52% from ₹3,287.99 crore in the same quarter a year ago. While PAT dropped by 84.01% from ₹1,537.07 crore in the September 2022 quarter.

For the quarter ended December 2022 or Q3FY23, the company posted revenue from operations of ₹817.7 crore as compared to ₹635.4 crore posted in the same quarter last year or Q3FY22, representing a YoY growth of 28.7%. Whereas Tata Elxsi said its overall quarterly revenue crosses US$ 100 million for the first time. The company reported an EBITDA of ₹246.9 Cr in Q3FY23 against ₹210.8 crore recorded in Q3FY22, representing a YoY growth of 17.1%, whereas its EBITDA margin expands to 30.2% YoY and 9.0% QoQ growth.

For the quarter ended December 2022 or Q3FY23, the company posted revenue from operations of ₹817.7 crore as compared to ₹635.4 crore posted in the same quarter last year or Q3FY22, representing a YoY growth of 28.7%. Whereas Tata Elxsi said its overall quarterly revenue crosses US$ 100 million for the first time. The company reported an EBITDA of ₹246.9 Cr in Q3FY23 against ₹210.8 crore recorded in Q3FY22, representing a YoY growth of 17.1%, whereas its EBITDA margin expands to 30.2% YoY and 9.0% QoQ growth.

Jet Airways (India) Ltd reported third consecutive profitable quarter in a row and posted highest ever quarterly profit as the country’s second largest airline by passengers carried benefited from lower fuel prices, higher traffic and increased aircraft utilisation. The airline’s profit shot up more than seven times to ₹467.11 crore in the three months ended December 2022, against the profit of ₹63.11 crore in the corresponding quarter in previous financial year.

Jet Airways (India) Ltd reported third consecutive profitable quarter in a row and posted highest ever quarterly profit as the country’s second largest airline by passengers carried benefited from lower fuel prices, higher traffic and increased aircraft utilisation. The airline’s profit shot up more than seven times to ₹467.11 crore in the three months ended December 2022, against the profit of ₹63.11 crore in the corresponding quarter in previous financial year.