Q1 FY24 Earnings Season

Varun Beverages reported a solid Q1 CY24 with consolidated revenue of INR 4,317 crore (+10.9% YoY) and EBITDA of INR 989 crore (+23.9% YoY), driven by volume growth of 7.2% and...

ABB India delivered a strong Q1 CY2024 with revenue crossing INR 3,000 crore for the first time, growing 28% YoY, driven by robust execution of a record backlog.

Adani Enterprises reported a strong Q1 FY24 with consolidated EBITDA up 47% YoY to INR 2,896 crore and PAT up 44% to INR 674 crore, driven by robust performance in the green hyd...

Aurobindo Pharma delivered a robust Q1 FY24 with revenue of INR 6,850 crore (+9.9% YoY) and EBITDA of INR 1,151 crore (+19.3% YoY), driven by strong US formulation growth (+11.2...

Hindalco's Q1 FY24 consolidated revenue was INR 52,991 crore, down 5% sequentially, while EBITDA rose 5% QoQ to INR 6,109 crore, driven by recovery at Novelis and India downstream.

Alkem Laboratories reported Q1 FY2024 revenue growth of 15.2% YoY, driven by strong international business crossing INR 1,000 crore for the first time.

Divis Laboratories reported a consolidated total income of INR 1,859 crore for Q1 FY24, down from INR 2,343 crore in the same quarter last year, reflecting the absence of COVID-...

Dixon Technologies reported a solid Q1 FY24 with consolidated revenue of INR 3,274 crore (+15% YoY), EBITDA of INR 135 crore (+34% YoY), and PAT of INR 57 crore (+28% YoY).

Hero MotoCorp reported Q1 FY24 revenue of ~INR 9,000 crore, with EBITDA up 28% YoY and PAT up 32% YoY (excluding INR 160 crore VRS charge).

Kalyan Jewellers delivered a strong Q1 FY24 with consolidated revenue of ₹4,376 crore (+31% YoY) and PAT of ₹144 crore (+33% YoY).

Sun Pharma reported Q1 FY24 consolidated revenue of INR 11,785 crore, up 10.7% YoY, driven by US specialty growth (up 21% to $232M) and episodic lenalidomide sales.

Apollo Hospitals reported a solid Q1 FY24 with consolidated revenue of INR 4,418 crore (+16% YoY) and EBITDA of INR 509 crore (+4% YoY).

Biocon Group delivered a strong revenue-led Q1 FY24, with consolidated revenue up 59% YoY to INR 3,516 crore, driven by the Viatris biosimilars acquisition and robust growth acr...

M&M reported a strong Q1 FY24 with consolidated PAT of INR 3,508 crore, up 60% YoY, driven by robust auto and farm performance.

CDSL reported a strong Q1 FY24 with consolidated revenue up 19% YoY to INR 174 crore and net profit up 28% YoY to INR 74 crore, driven by buoyant capital markets and a 29% YoY i...

Eicher Motors delivered a stellar Q1 FY24, with consolidated revenue of ₹3,986 crore (+17% YoY), EBITDA of ₹1,021 crore (+23% YoY), and PAT of ₹918 crore (+50% YoY).

SBI reported its highest-ever quarterly net profit of INR 16,884 crore, up 178% YoY, driven by strong NII growth of 24.71% YoY and a sharp improvement in asset quality.

Dabur India reported a strong Q1 FY24 with consolidated revenue crossing INR 3,130 crore, up 11% YoY, driven by 13.3% constant currency growth.

Titan delivered a solid Q1 FY24, with 19% revenue growth in the jewelry segment driven by market share gains and strong wedding demand.

Ashok Leyland reported a strong Q1 FY24 with revenue of INR 8,189 crore (+13% YoY) and EBITDA margin of 10% (vs 4.4% last year), driven by price hikes, cost reduction, and favor...

Astral delivered a strong Q1 FY24 with 31% volume growth in pipes and healthy adhesive volumes, though revenue growth was muted due to sharp polymer price declines.

Bharti Airtel delivered a strong Q1 FY24 with consolidated revenue of INR 37,440 crore, up 4% QoQ, driven by India mobile revenue growth of 4.5% QoQ.

Adani Total Gas reported Q1 FY24 revenue of INR 1,135 crore (+2% YoY) and EBITDA of INR 255 crore (+12% YoY), driven by 8% volume growth to 198 MMSCM and cost optimization.

Adani Green reported strong operational performance in Q1 FY24, with operational capacity up 43% YoY to 8,316 MW and sale of energy rising 70% to 6,023 million units.

Grasim's Q1 FY24 consolidated revenue grew 11% YoY to INR 31,065 crore, driven by subsidiaries UltraTech and Aditya Birla Capital, but standalone revenue fell 14% YoY to INR 6,2...

Berger Paints delivered a strong Q1 FY24 with standalone value growth of 10.1% and operating profit growth of 37.5%, driven by double-digit volume growth of 12.7% and market sha...

BPCL reported a stellar Q1 FY24 with consolidated PAT of INR 10,644 crore, its highest ever, driven by record refinery throughput at 115% capacity utilization and strong marketi...

Britannia reported Q1 FY24 revenue growth of 9% YoY, driven entirely by transaction growth, with operating profit surging 37% YoY.

Coromandel reported a steady Q1 FY24 with consolidated revenue of INR 5,758 crore (down 1% YoY) and EBITDA of INR 709 crore (up 3.5% YoY).

Maruti Suzuki reported a strong Q1 FY24 with revenue of INR 30,845 crore (+22% YoY) and PAT of INR 2,485 crore (+145% YoY), driven by higher volumes, improved realization, and c...

Asian Paints reported a strong Q1 FY24 with 10% volume growth on a high base, driven by broad-based demand across geographies and segments.

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Tata Steel's Q1 FY24 consolidated revenue stood at ₹59,490 crore with EBITDA of ₹6,122 crore (10% margin).

Bajaj Finserv reported a strong Q1 FY24 with consolidated PAT up 48% YoY to INR 1,943 crore and total income up 47% to INR 23,280 crore.

L&T delivered a robust Q1 FY24 with group revenues of INR 47,900 crore (+34% YoY) and PAT of INR 2,490 crore (+46% YoY), driven by strong execution across infrastructure and hyd...

AU Small Finance Bank reported Q1 FY24 PAT of INR 387 crore, up 44% YoY, driven by strong asset growth (gross advances +29% YoY) and stable asset quality.

ICICI Bank reported a strong Q1 FY24 with PAT up 39.7% YoY to INR 96.48 billion, driven by robust loan growth of 18.1% YoY and NII expansion of 38% YoY.

Kotak Mahindra Bank reported a strong Q1 FY24 with consolidated PAT of INR 4,150 crore, up 51% YoY, driven by robust NII growth of 33% YoY and healthy fee income.

Bosch Limited reported Q1 FY24 revenue of INR 4,158 crore, up 17.3% YoY, driven by growth in mobility solutions (13.6%) and beyond mobility (21.5%).

HUL reported a resilient Q1 FY24 with underlying sales growth of 7% (UVG 3%) on a high base, despite a challenging operating environment.

JSW Steel delivered a strong Q1 FY24 with consolidated EBITDA of ₹7,046 crore (up 64% YoY) and net profit of ₹2,428 crore (up 189% YoY), driven by robust domestic demand, a valu...

Reliance Industries reported consolidated EBITDA of INR 42,000 crore, up 5.1% YoY, driven by strong performance in Jio (+17%), retail (+34%), and upstream (+47%), offsetting a 2...

Adani Ports delivered its strongest ever quarterly performance in Q1 FY24, with record revenue of INR 6,248 crore (+24% YoY), EBITDA of INR 3,765 crore (+80% YoY), and PAT of IN...

Aditya Birla Capital delivered a strong Q1 FY24 with consolidated PAT up 51% YoY to INR 649 crore and revenue up 39% YoY to INR 8,144 crore.

ABFRL reported Q1 FY24 consolidated revenue of INR 3,196 crore (+11% YoY) and EBITDA of INR 353 crore (11% margin), with PAT loss of INR 162 crore.

Bajaj Auto delivered a record Q1 FY24 with revenue of ₹10,310 crore (+29% YoY), EBITDA of ₹1,954 crore (+51% YoY), and PAT of ₹1,665 crore.

Bajaj Finance delivered an excellent Q1 FY24 with PAT of INR 3,437 crore (up 32% YoY) and AUM growth of 32% to INR 2.7 lakh crore, the highest ever quarterly addition of INR 22,...

Bandhan Bank reported a stable Q1 FY24 with net profit of INR 721 crore, down 18.7% YoY from INR 887 crore, impacted by seasonal weakness in microfinance and higher provisions.

Canara Bank reported a strong Q1 FY24 with net profit surging 74.83% YoY to ₹3,535 crore, driven by 27.72% NII growth and improved asset quality.

Cipla delivered a strong Q1 FY24 with 18% YoY revenue growth to INR 6,329 crore, driven by record performance in India (12% growth) and the US ($222 million, +43% YoY).

DLF reported a steady Q1 FY24 with consolidated revenue of INR 1,522 crore and PAT of INR 528 crore, up 12% YoY.

IEX reported consolidated revenue of INR 127.4 crore (+12.3% YoY) and PAT of INR 75.8 crore (+9.7% YoY) for Q1 FY24.

Infosys reported a solid Q1 FY24 with constant currency revenue growth of 4.2% YoY and 1% QoQ, driven by strong large deal wins totaling $2.3 billion (56% net new) and a robust...

SBI Life reported a decent Q1 FY24 on a high base, with individual new business premium growing 18% YoY to INR 40.6 billion and PAT up 45% YoY to INR 3.8 billion.

Tata Consumer delivered a strong Q1 FY24 with 12% revenue growth and 19% EBITDA growth, driven by double-digit growth in India business and margin expansion of 80bps.

Tech Mahindra reported a tough Q1 FY24 with revenue of INR 13,959 crore, down 4.1% QoQ, and PAT of INR 693 crore.

UltraTech Cement reported strong operational performance in Q1 FY24, with capacity utilization reaching 90% and volumes growing double-digits.

Coforge delivered a solid Q1 FY24 with constant currency revenue growth of 2.7% QoQ and 18.4% YoY, despite a challenging macro environment.

HDFC Bank reported a strong Q1 FY24 with net profit of INR 11,952 crore (+30% YoY) and net revenues of INR 32,829 crore (+26.9% YoY).

Ajanta Pharma reported a solid Q1 FY24 with consolidated revenue of ₹1,021 crore (+7% YoY) and EBITDA margin of 26% (+300 bps YoY), driven by gross margin expansion from softer...

Wipro's Q1 FY24 results reflect a mixed performance amid a cautious macro environment.

HCLTech reported a soft Q1 FY24 with constant currency revenue growth of 6.3% YoY but a sequential decline of 1.3%, missing internal expectations.

TCS reported a steady Q1 FY24 with revenue of INR 59,300 crore (+12.6% YoY) and operating margin of 23.2%, despite absorbing annual wage hikes.

AIA Engineering reported a strong Q1 FY24 with sales volume of 74,000 tons, a record for the first quarter, driven by mining segment growth.

APAR Industries reported a strong Q1 FY24 with consolidated revenue of INR 3,773 crore (+22% YoY), EBITDA of INR 369 crore (+54% YoY) at a margin of 9.8%, and PAT of INR 197 cro...