Quarterly Updates : Coal India, Exide Industries and More

With the quarterly result updates in motion, it’s time for one of the best dividend companies in India to provide the results. Coal India posted a rise in sales by 35%. Alongside it the Exide Industries reported a rise in sales but it was around 4%. Other results discussed in depth are of Apollo Pipes, RRIL, Mahanagar Gas and More.

Exide Industries

The net sales of the firm was around 3540 Crore Rs. This was a 3.94% rise in the same. The same for March 2022 was at 3408 Crore Rs. The most affected area for the financial results of this quarter is the net profit.The profit of the firm was down by 95%. The profit before was 4120 Crore Rs which decreased to 207.8 Crore Rs. The earnings before interest, tax, depreciation and amortisation was at 408 Crore Rs up from previous year’s quarter of 388.24 Crore Rs. The earnings per share of the firm decreased from 48.47 Rs to 2.44 Rs. However the results have been down the share price of the firm has seen a return of 28.4% in the past 1 year.

Coal India

The net sales of Coal India was 509 Crore Rs which was 35/66% up from the sales of the previous year’s March quarter. The sales for March 2022 were at 375.24 Crore Rs. The company is one of the premium dividend companies in India. The net profit for the firm was down by 17.27%. 

The profit for March 2023 was 3138 CRore Rs against the March 2022 net profit of 3793 Crore Rs. The earnings before interest, Tax, depreciation and amortisation was 3875 Crore Rs for March 2022. In comparison to it the current figure stands at 3266 Crore Rs or a downfall of 15.72% in the same. The company’s earnings per share was 6.16 Rs in March 2022 which came down to 5.09 Rs in March 2023. For the quarter ending in March 2023 the company has declared a dividend of 5.25 Rs per share. The share price of the company is 235 Rs. This means the company has given 2.2% of its share price as dividend.

Godrej Agrovet

The consolidated net profit of the firm has been down to 23.47 Crore Rs. The same for March 2022 was 139.81 Crore Rs. This is a decline of more than 83% in the consolidated net profit of the firm. The revenue of the firm was almost unchanged with the same being 2088 Crore Rs in March 2023 and 2075 Crore Rs in March 2022. The net profit of the firm fell by 29.5% from 419 Crore Rs in the financial year 2022 to 295 Crore Rs in the FY23. The share price of the firm is currently valued at 438 Rs per share.

Apollo Pipes

The net sales of the firm was up by a minor 1.8% to 251 Crore Rs in the March 2023 quarter. The same for the previous year’s quarter was 247 Crore Rs. The net profit of the firm was 15 Crore Rs which is 3.6% down from the previous year’s net profit of 15.60 Crore Rs. The earnings before interest, tax, depreciation and amortisation was at 30.15 Crore Rs which is 2.38% more than the previous year’s figure of 29.45 Crore Rs. The earning per share of the frim was 3.97 Rs in March 2022 which decreased to 3.82 Rs in March 2023. 

Mahanagar Gas

The net sales of the firm was at 1610 Crore Rs which is 35.61% more than the previous year’s net sales of 1187 Crore Rs. The firm had gained a net profit of 268 Crore Rs in March 2023 which was 103% higher than the March 2022’s net profit of 131.8 Crore Rs. The earnings before interest, tax, depreciation and amortisation was 238 Crore Rs in March 2022. This came at 423 Crore Rs in March 2023 which is a jump of 77.75%. The earnings per share of the firm was 13.34 Rs in March 2022 which increased to 27.21 Rs in March 2023. The current share price of the firm is at 999 Rs per share. 

RRIL

The net sale of the firm was at 12.11 Crore Rs. This is a jump of 9.2% than the previous year’s figure of 11.09 Crore Rs. The net profit of the firm was 4.07 Crore Rs which is 15.79% mre than the March 2022’s net profit of 3.52 Crore Rs. The earnings per share of the firm was 0.29 Rs in March 2022 which increased to 0.34 Rs in March 2023. The current share price of the company is 17.3 Rs per share.