Tube Investments standalone net profit jumped as much as 84% to Rs 251 crore during the March quarter, compared with Rs 136 crore in the corresponding quarter of last year.
Revenue from operations, however, fell 4% to Rs 1,558 crore in the period. The same stood at Rs 1,628 crore in the same quarter last year.
Segment wise, for the engineering business, revenue for the quarter was at Rs 1,044 crore, compared with Rs 1,030 crore in the year ago quarter. Revenue from the metal formed products rose 4% to Rs 347 crore for the quarter under review.
Pfizer India’s net profit rose marginally to Rs 130 crore for the January-March period, compared with Rs 126 crore in the year-ago period. Revenue from operations during the quarter increased 4% to Rs 572 crore as against Rs 550 crore in the same quarter of last year.
The board has recommended a final dividend of Rs 35 per equity share of Rs 10 each (350%) and a special dividend of Rs 5 per equity share.Kalyan Jewellers
Kalyan Jewellers reported marginal decline in net profit at Rs 70 crore for the quarter ended March as against Rs 72 crore in the year-ago period.
Consolidated revenues for Q4FY23 was Rs 3,382 crore, compared with Rs 2,857 crore in the corresponding quarter of the previous year, showing a growth of 18%.
The company’s EBITDA (earnings before interest, taxes, depreciation and amortization rose 18% to Rs 257 crore during Q4.
The India operations recorded EBITDA of Rs 217 crore for the quarter, while the Middle East operations EBITDA came in at Rs 42 crore. The board has recommended a final dividend of Rs 0.5 (5%) per equity share of Rs 10 each for the financial year ended March 2023.
Karur Vysya Bank
Karur Vysya Bank’s net profit for the March quarter registered a robust growth of 64% at Rs 1,106 crore from Rs 673 crore during corresponding period of previous year.
Net interest income increased by 23% to Rs 3,349 crore in the fourth quarter as against Rs 2,716 crore for corresponding period of FY22.
Net interest margin came in at 4.18%, up by 46 bps year-on-year. The lender said credit Cost has improved on the back of continued strong asset quality, with GNPA and NNPA at 2.27% and 0.74% respectively, as of March quarter.