Quarterly results announced on 25/02/2024

NESTLE INDIA Q1

NET PROFIT- 7.5B RUPEES VS 6.9B (YOY); EST 8.15B

REVENUE- 48.1B RUPEES VS 46.6B (YOY); EST 50.75B

EBITDA- 11.14B RUPEES VS 10.56B (YOY);EST 12.05B

EBITDA MARGIN- 23.15% VS 22.66% (YOY); EST 23.7%

NET PROFIT AT 525 CR V 576 CR (YOY)

REVENUE AT 8598 CR V 8189 CR

EBITDA AT 910 CR V 821 CR(QOQ)

MARGINS AT 10.6 % V 10.02 %

ASHOK LEYLAND;; Resignation of Mr Dr. C Bhaktavatsala Rao as Non- Executive Director of the company w.e.f. July 31, 2024

Co. Says Ashok Leyland’s domestic MHCV volume grew by 8% and market share was at 30.7%. The bus market share was significantly up at 33.3%.
The Company’s domestic LCV volume in Q1 FY’25 was 15345 units, 4% higher than Q1 of last year (14821 units). The Company’s Export volume in Q1 FY’25 was 2324 units, 5% higher than Q1 of last year (2222 units).
EBITDA is up at 10.6% for Q1 FY25 (Rs. 911 Cr) as against 10.0% (Rs. 821 Cr) in Q1 of previous year. Net Debt to Equity ratio stood at 0.1 at the end of Q1’FY25.
The Company continued to see strong demand in all its business units.
While the Company achieved its highest ever Q1 CV volumes, the Power Solutions, Aftermarket, Defence business and the International Operations also contributed strongly to the top line. The efforts on product and network expansion helped the uptick in revenue and market share.

Canara Bank reported a Net Interest Income (NII) of Rs 9,166 crore. The net interest earned increased by 14.8%, reaching Rs 28,701.35 crore in Q1FY24, compared to Rs 25,004.07 crore during the same period in the previous fiscal year.
Canara Bank on Thursday recorded fiscal first quarter earnings with standalone profit at Rs 3,905.28 crore, up 10.5 per cent in comparison to Rs 3,534.84 crore recorded during the corresponding quarter of previous financial year, missing estimates.
The net interest earned was at Rs 28,701.35 crore, up 14.8 per cent as against Rs 25,004.07 crore during Q1FY24. The Bank recorded Net Interest Income (NII) at Rs 9,166 crore.
On a consolidated basis, Q1 profit was at Rs 3,977.22 crore, up 11.3 per cent as against Rs 3,573.50 crore during the same period last year.