Breaking News - 7th August 2023

Financial News – 7th August 2023 

In the financial year 2022-23, Indian companies collected a total of ₹9.8 lakh crore from the capital markets. This is a 4.6% increase compared to the previous year. The Securities Exchange Board of India (SEBI) provided this information in their yearly report. The money was gathered by companies to support their financial needs, and they used different methods like selling shares, borrowing, and investing in special funds related to real estate and infrastructure. Overall, this shows that the Indian capital markets were helpful in raising funds for various businesses and projects. 

Tata Chemicals recently revealed its financial results for the April-June period of 2023. The company's profits have decreased by 11.8% compared to the same time last year, now standing at ₹523 crore. However, their total earnings from selling goods and services increased by 5.6%, reaching ₹4,218 crore. 

In the last quarter, the company's overall income was even higher at ₹4,407 crore. Additionally, Tata Chemicals mentioned that their EBITDA has gone up by 2.8% to ₹1,043 crore in this quarter compared to ₹1,015 crore a year ago. The margin of EBITDA, which reflects how much profit the company is making from its operations, was 24.7% this quarter, a bit lower than the 25.4% they had at the same time last year. 

Max Healthcare Institute Limited has shared its financial results for the period of April to June. They made a profit of ₹291 crore during this time, which is 27% higher compared to the same period last year. The company's earnings went up because they earned more money from their services, with their total revenue increasing by 17% to ₹1,719 crore. 

When we look at their financial performance, the company's EBITDA was ₹436 crore, and this was about 26.8% of their earnings. They also mentioned that the earnings they make per bed increased by 14% compared to last year, and the amount of money they earn from each bed that's being used went up by 13% due to changes in prices. 

The chairman and managing director of Max Healthcare Institute Ltd., Abhay Soi, mentioned that even though the first quarter of the year is usually not very strong for business, they were able to make the most money they ever have during this period. They managed to keep a good number of beds occupied across their network of hospitals, and they have been working on digital projects like their Max MyHealth app, which has been received positively and is now fully available. They are focusing on growing and improving in the future. 

Torrent Pharmaceuticals Ltd. has shared its financial results for the time between April and June. They made a total profit of ₹378 crore during this period, which is 7% more compared to the same time last year. The company earned more money from its activities, with its total revenue increasing by 10% to ₹2,591 crore. 

When we look at their financial performance, EBITDA was ₹791 crore. This number is about 31% of their earnings. They also mentioned that their net profit margin was 14.6%. 

During this time, Torrent Pharma spent ₹129 crore, which is 6% more compared to last year. Debt to equity ratio went up from 0.60x to 0.74x, which means they used more borrowed money in this quarter. 

The company saw a 15% growth in their operations in India. This means they earned more money in India, with their earnings going up from ₹1,245 crore to ₹1,426 crore. They mentioned that this growth is partly due to their products for diabetes and other medical treatments performing well. 

Investors of Aditya Birla Fashion and Retail Ltd. have reasons to be worried about. The results for the April-June period of this year (Q1FY24) are not very good. The total earnings of the company increased by 11% compared to the same time last year, reaching around Rs 3200 crore. However, one of their main parts of the business, Pantaloons, didn't perform well and only grew by 1%. This is despite Pantaloons adding more stores, showing that people didn't shop there much. On the other hand, the Madura segment did better than Pantaloons. 

Reliance Jio, a big telecommunications company, has received financial help of $2.2 billion from a Swedish agency that supports exports. This money will be used to buy equipment for their upcoming 5G network. The company's annual report mentioned that they got most of their equipment from two companies, Ericsson from Sweden and Nokia from Finland. 

This support from the Swedish agency is a significant deal, the biggest they've ever given to a private company worldwide. The money they're getting will be used to set up their new 5G network all across India. 

Jio has already brought high-speed internet to many rural areas and 5G service to thousands of cities and towns. This new funding will help them expand even more and make their network better. 

The Ramco Cements recently shared their financial results for the first three months of this year. Their standalone net profit, which is the money they make after expenses, went down by about 30% compared to the same time last year, now at ₹79 crore. 

However, their revenue from their main activities, which is like their earnings from selling their products, went up by 26%. This means they made more money from their business activities, reaching ₹2,241 crore. 

They also mentioned that they sold 29% more cement during this period compared to last year. But they said that they could have sold even more if they didn't face problems like a lack of sand in Kerala, disruptions in supply due to a train accident, and heavy rains in the North East. 

The company's ability to use its cement production capacity was at 79%, meaning they used about 79% of what they could produce. 

Another important thing they talked about was EBITDA went up by 13.3% to ₹341 crore, but the margin went down because they had to deal with higher fuel prices and lower prices for their cement in the markets where they operate. 

Over the past 11 years, Sebi has given back a total of ₹138.07 crore to investors of two Sahara companies. These companies were told by the Supreme Court in August 2012 to repay money to about 3 crore investors, along with interest. Sebi has been handling this refund process and has received around 19,650 applications from people who want their money back. Out of these, they have already returned money to 17,526 applicants, totaling ₹138.07 crore, including an interest of ₹67.98 crore. The total money given back by Sebi increased by only ₹7 lakh in the last financial year (2022-23), but the overall balance in the accounts set up for these refunds grew by ₹1,087 crore.