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RIL, Infosys, ICICI Bank, Kotak Bank to react to their Q1 results
(08:49, 25 Jul 2022)

Reliance Industries (RIL): The Mukesh Ambani-led diversified company reported 40.8% increase in consolidated net profit to Rs 19,443 crore on 56.7% increase in net sales to Rs 2,19,304 crore in Q1 June 2022 over Q1 June 2021. EBITDA jumped 45.8% YoY to Rs 40,179 crore during the quarter, driven by strong contribution from O2C business, even as other businesses contributed positively to growth.

Infosys: The IT major's consolidated net profit dropped 5.7% to Rs 5360 crore on 6.8% rise in revenue to Rs 34470 crore in Q1 FY23 over Q4 FY22.

ICICI Bank: The bank reported standalone net profit of Rs 6905 crore in Q1 June 2022 as against a net profit of Rs 4616 crore in Q1 June 2021. Net interest income rose to Rs 13210 crore from Rs 10936 crore.

Kotak Mahindra Bank: The bank reported 26% rise in standalone net profit to Rs 2071 crore on 19% rise in net interest income to Rs 4697 crore in Q1 June 2022 over in Q1 June 2021.

GAIL (India): The meeting of the board of directors of the company is scheduled on 27 July 2022, to consider and approve issuance of bonus shares.

Bharat Electronics: The company signed a contract with the Ministry of Defence, Government of India, worth around Rs. 250 crores, towards supply of nine Integrated ASW Complex (IAC) MOD C Systems. IAC MOD ,C is an Integrated Anti-Submarine Warfare (ASW) system for all surface ships of the Indian Navy.

Granules India: The US FDA has completed an inspection of the facility of Granules Pharmaceuticals, Inc., a wholly-owned foreign subsidiary of the company located in Chantilly, Virginia, the USA on 22nd July 2022 with six observations.

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