28 April 23
FII & DII DATA
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Yasho Industrie
02 May 2023
RBL BANK
The private sector lender has clocked a 37% year-on-year growth in profit at Rs 271 crore for quarter ended March FY23, driven by lower provisions and higher other income, with improved asset quality performance. Net interest income for the quarter at Rs 1,211 crore increased by 7% over a year-ago period, with credit growth of 17% and deposits growing 7% YoY. Net interest margin expanded by 27 bps YoY to 5.01%, but there was 3 bps decline sequentially.
RPG Life Sciences
The pharmaceutical products maker has registered a 37.6% year-on-year growth in profit at Rs 10.35 crore for quarter ended March FY23, and revenue for the quarter increased by 14.1% YoY to Rs 118.5 crore. EBITDA increased by 17.8% YoY to Rs 15.91 crore with margin expansion of 41 bps at 13.42% for quarter ended March FY23. The company announced equity dividend of Rs 12 per share for FY23
Kotak Mahindra Bank
The private sector lender has recorded a 26.3% on-year growth in standalone profit at Rs 3,495.6 crore for quarter ended March FY23, and net interest income during the same period grew by 35% to Rs 6,102.55 crore, beating estimates. Profitability was boosted by net interest income, non-interest income and pre-provision operating profit, while advances grew by 18% and deposits growth was 16.5% YoY. The bank reported provisions & contingencies at Rs 147.6 crore for Q4FY23 against reversal of provisions worth Rs 306.2 crore in Q4FY22, while asset quality improved with gross NPAs falling 12 bps QoQ to 1.78% and net NPAs down by 6 bps to 0.37% for the quarter.
Central Bank of Bank of India
The public sector lender has reported a 84% year-on-year growth in standalone profit to Rs 571 crore for January-March period of FY23 with improved asset quality performance, though provisions remained elevated. Higher net interest income, non-interest income and pre-provision operating profit remaind strong on year-on-year basis. Net interest income surged by 45.4% YoY to Rs 3,513 crore during the quarter, with advances growing 20.7% YoY and deposits growth at 5%. The bank has received board approval for raising of capital up to Rs 2,500 crore during FY24.
State Bank of India
The Central Board of the bank will be meeting on May 18 to consider the financial results for the quarter and year ended March 2023.
Biocon
Subsidiary Biocon Biologics' integrated, multi-product, monoclonal antibodies (mAbs) Drug Substance manufacturing facility (B3) at Biocon Park in Bengaluru, has received a Certificate of GMP Compliance for an additional product, biosimilar Bevacizumab, from the representative European inspection authority, Health Products Regulatory Authority (HPRA), Ireland. Last year B3 facility had received the EU GMP Certification for manufacturing biosimilar.
Rossari Biotech
The chemical manufacturing company has recorded a 20.3% year-on-year growth in consolidated profit at Rs 29 crore for March FY23 quarter, driven by operating profit margin. Revenue from operations for the quarter at Rs 406.5 crore fell by 7.4% compared to year-ago period. On the operating front, EBITDA rose 4.3% YoY to Rs 54.6 crore with margin expansion of 150 bps at 13.4% for the quarter.
SBI Cards and Payment Services
The credit card issuing company has recorded a 2.7% year-on-year increase in profit at Rs 596.5 crore for quarter ended March FY23, impacted by higher impairment on financial instruments. Revenue from operations for the quarter at Rs 3,762.2 crore grew by 32% YoY with interest income rising by 32% to Rs 1,672 crore, and fees & commission income up by 25% at Rs 1,786 crore during the quarter
Bank of Baroda
The Central Government has appointed Debadatta Chand as Managing Director and Chief Executive Officer of the public sector lender for three years. Currently Debadatta Chand is Executive Director of the bank.
L&T Finance Holding
The non-banking finance Company has registered a 46.4% year-on-year growth in profit at Rs 501.08 crore for March FY23 quarter. Revenue for the quarter at Rs 3,216 crore increased by 9.1% over corresponding period last fiscal. Retail book size crossed Rs 61,000 crore, coming in at Rs 61,053 crore in Q4FY23, up 35% YoY.
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