Tata Motors, Biocon, Hindustan Aeronautics in focus

28 Jul 2022 , 08:55 AM

Tata Motors: The auto major reported consolidated net loss of Rs 5,006.60 crore in Q1 FY23 as against a net loss of Rs 4,450.92 crore in Q1 FY22. Revenue from operations increased 8.3% YoY to Rs 71,935 crore during the quarter ended 30 June 2022. EBITDA stood at Rs 5,307 crore in Q1 FY23. EBITDA margin in Q1 FY22 was 7.4%, down 90 bps. Biocon: On a consolidated basis, Biocons net profit jumped 71% to Rs 144 crore on 23% increase in revenue to Rs 2217 crore in Q1 FY23 over Q1 FY22. Hindustan Aeronautics (HAL): HAL signed a contract worth over US$100 million for supply and manufacture of 88 TPE331-12B engines/kits along with maintenance and support services to power the Hindustan Trainer Aircraft (HTT-40). Exide Industries: Exide Energy Solutions (EESL), wholly owned subsidiary of Exide Industries has executed the lease cum sale agreement for procuring land parcel admeasuring 80 acres at Hitech, Defence & Aerospace Park, Phase-2, Bengaluru with Karnataka Industrial Areas Development Board (KIADB). Home First Finance Company India: On a consolidated basis, the companys net profit jumped 46% to Rs 51 crore on 19.4% increase in total income to Rs 169 crore in Q1 FY23 over Q1 FY22. Poonawalla Fincorp: The company reported consolidated net profit of Rs 141 crore in Q1 FY23 as against a net profit of Rs 65 crore in Q1 FY22. Net interest income rose to Rs 398 crore in Q1 FY23 from Rs 284 crore in Q1 FY22. Powered by Capital Market – Live News