Adani Enterprises, Eicher Motors, Grasim Industries, ONGC, Apollo Hospitals Enterprises, Aster DM Healthcare, Bata India, Bharat Forge, Biocon, Bosch, CESC, GMR Airports Infrastructure, Indiabulls Housing Finance, Ipca Laboratories, NBCC (India), NMDC, PI Industries, PNC Infratech, Prestige Estates Projects, Radico Khaitan, Siemens, Spencers Retail, SpiceJet, Swan Energy, and Torrent Power will be in focus ahead of quarterly earnings on February 14.
Zee Entertainment: The media company has reported a 92% year-on-year decline in consolidated profit at Rs 24.31 crore for quarter ended December FY23, dented by weak operating performance, lower topline and exceptional loss (Rs 168.97 crore). Consolidated revenue from operations at Rs 2,111.2 crore fell by 0.07% compared to year-ago period hit by lower advertisement revenue (down 15.6% YoY), but subscription revenue growth was strong at 13.2% in the same period. On the operating front, EBITDA fell by 27.5% YoY to Rs 343.8 crore with margin decline of 615 bps in Q3FY23. Numbers, barring profit, were better than analysts' expectations.
Power Finance Corporation: The public sector 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. The board has declared an interim dividend of Rs 3.50 per share for FY23.
Shree Cement: PN Chhangani resigns as whole-time director of Shree Cement. Prakash Narayan Chhangani has resigned as Whole Time Director of the company effective from close of business hours on February 13, 2023 to pursue his career outside the organization.
NLC India: The coal mining company has posted consolidated loss of Rs 406.7 crore for December FY23 quarter dented by regulatory deferral account balances expenses, against profit of Rs 231.1 crore in year-ago period. Consolidated revenue for the quarter at Rs 3,679 crore jumped 35% over a year-ago period. On the operating front, EBITDA grew by 50.4% YoY to Rs 1,360 crore with margin expansion of 387 bps for the quarter.
Linde India: The industrial gases 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 crore. Revenue for the quarter grew by 8.2% YoY to Rs 697 crore, while on the operating front, EBITDA jumped 13.4% YoY to Rs 167.8 crore with margin expansion of 110 bps YoY.
(With inputs from agencies)