{"id":18747,"date":"2023-05-13T11:48:33","date_gmt":"2023-05-13T06:18:33","guid":{"rendered":"https:\/\/www.moneyworks4me.com\/investmentshastra\/?p=18747"},"modified":"2023-05-13T11:48:33","modified_gmt":"2023-05-13T06:18:33","slug":"q4fy23-result-updates-12-may-2023","status":"publish","type":"post","link":"https:\/\/www.moneyworks4me.com\/investmentshastra\/q4fy23-result-updates-12-may-2023\/","title":{"rendered":"Q4FY23 Result Updates \u2013 12 May 2023"},"content":{"rendered":"<p>Dear Readers,<\/p>\n<p>Welcome to our weekly company result update note. We understand the importance of staying up-to-date with the latest financial developments of the companies you have invested in. That&#8217;s why we are committed to providing you with short and insightful information about the earnings and performance of the companies in our coverage.<\/p>\n<p>In addition to the weekly company result update, after the end of the earnings season, we will also be sending you a quarterly sector result review. This will give you a broader understanding of how these sectors are performing and help you make informed decisions about your investments.<\/p>\n<h2>Equitas Small Finance Bank Ltd<\/h2>\n<p>Advances grew by 35% YoY 27,861 Cr in Q4FY23. NII grew 28% YoY and 9% QoQ, Other income grew 66% YoY and 38% QoQ, NIM\u2019s stable at 9.10%. Deposits grew 34% YoY 25,381 Cr, CASA ratio at 42.28%<\/p>\n<p>GNPA &amp; NNPA at 2.60% &amp; 1.14% in Q4FY23 as compared to 4.06% &amp; 2.37% in Q4FY22. PAT grew 59% YoY to 190 Cr in 4QFY23; For FY23 PAT grew 104% YoY to 574 Cr.<\/p>\n<p><strong>Good results driven by advances growth and decline in NPA.<\/strong><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/bfsi\/bank-private\/equitas-small-fin\/company-info\">Check, 10-Year X-ray Now!<\/a>&nbsp;&nbsp;<\/p>\n<h2>Godrej Consumer limited<\/h2>\n<p>Consol. sales growth stood at 10% YoY 3,200 Cr. India&#8217;s business was up 12% YoY led by 11% volume growth. Revenue from branded business grew 16% YoY (14% YoY home care to 826Cr and 17% YoY personal care to 872Cr) driven by 13% YoY volume growth. In-home care: household insecticide revenue grew 13-14% YoY, while air freshener portfolio continued to gain market share. In personal care: Magic hand wash recorded &gt;10% volume-led revenue growth, while hair color continues to consistently drive double-digit revenue growth.<\/p>\n<p>Consol. gross margins expanded 342bps YoY to 52.9%. Overall EBITDA grew 37% YoY to Rs640 led by operating leverage. India&#8217;s EBITDA margins expanded 279bps YoY to 26.4%. Ad-spends in India grew 41% YoY. Employee costs was up 36% YoY. Consol. net profit grew 24% YoY to Rs452Cr.<\/p>\n<p><strong>Good result on account of volume-led revenue growth and Operating profit expansion.<\/strong><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/fmcg\/household-personal-products\/godrej-consumer-prod\/company-info\">Check, 10-Year X-ray Now!<\/a>&nbsp;&nbsp;<\/p>\n<h2>Computer Age Management Services<\/h2>\n<p>Revenue grew 2.5% YoY to 249 Cr. Mutual fund AUM serviced grew by 5.3% to 28 lakh Cr, with equity component at 46.4% in Q4FY23 as compared to 41.2% in Q4FY22. Non-MF segment &#8211; CAMSPay grew by 25% QoQ and insurance repository business grew by 14% QoQ, &amp; Alternative Services vertical grew by 21% YoY. EBITDA margins declined to 43.8% n 4QFY23 v\/s 46.1% in 4QFY22. PAT declined by 0.6% to 285 Cr.<\/p>\n<p><strong>Stable results with a slowdown in the MF industry offset by other segments of the business.<\/strong><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/it-ites\/bpo-ites\/computer-age-man\/company-info\">Check, 10-Year X-ray Now!<\/a>&nbsp;&nbsp;<\/p>\n<h2>KFin Technologies Ltd<\/h2>\n<p>Revenue grew by 12.6% YoY to 720 Cr; Mutual Fund AAUM growth at 7.0% YoY at 12.8 Lakh Cr, market share at 31.6%. Equity component in Mutual fund AUM at 54.7% in Q4FY23 as compared to 53.9% in Q4FY22. Issuer Solutions segment revenue grew by 31.9% to 98 Cr, corporate clients list grew by 12% YoY to 5,363. EBITDA at 298 Cr, EBITDA margins declined to 41.4% from 45% in FY22. PAT grew by 31.8% to 195 Cr.<\/p>\n<p><strong>Good Results, driven by equity AUM mix, and issuer solution segment.<\/strong><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/bfsi\/finance-others\/kfin-technologies\/company-info\">Check, 10-Year X-ray Now!<\/a>&nbsp;&nbsp;<\/p>\n<h2>Dr Reddy<\/h2>\n<p>Revenues grew 15.3% YoY to 6315 Cr, mainly driven by growth in the US and India markets followed by improvement on the Europe front. The reported gross margin was 69.9% and the EBITDA margin was ~25.1%. However, excluding gRevlimid and Eris brand sales, the company\u2019s gross margins stood at 65% and EBITDA margin at 20%. Adjusted &nbsp;PAT increased 192.6% YoY to &nbsp;952.5 Cr. Despite the reported quarter being backed by a strong margin US portfolio and favourable forex movement.<\/p>\n<p><strong>Week result on account of missed margin expectation.<\/strong><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/healthcare\/pharmaceuticals-drugs\/dr-reddys-lab\/company-info\">Check, 10-Year X-ray Now!<\/a>&nbsp;&nbsp;<\/p>\n<h2>Federal Bank<\/h2>\n<p>Net advances grew by 20% YoY to 1.77 Lakh Cr. Total Deposits grew by 17% YoY to 2.13 lakh Cr. CASA ratio at 32.6% vs. 36.9% in Q4FY22. Net interest income (NII) grew by 25% YoY to 1,904 Cr, Net interest Margins saw a decline by 18 bps QoQ to 3.31%. GNPA at 2.36% &amp; NNPA at 0.69% in Q4FY23.Other Income grew by 58% YoY to 734 Cr and Net Profit at 903Cr, up 67% YoY.<\/p>\n<p><strong>Results were good on account of lower provisions and high other income.<\/strong><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/bfsi\/bank-private\/federal-bank\/company-info\">Check, 10-Year X-ray Now!<\/a>&nbsp;&nbsp;<\/p>\n<h2>Marico<\/h2>\n<p>Marico registered a good performance in Q4FY2023 with volume-led revenue growth of 3%to Rs.2,240 Cr, OPM expansion by 153 bps YoY to 17.5%, and PAT growth at 10% YoY to Rs. 283 Cr. Parachute Coconut Oil posted 9% YoY volume growth, Value Added Hair Oils (VAHO) delivered 13% YoY value growth, while the Saffola franchisee declined by 9% (value terms) YoY. Foods continued to scale up well and reported 18% YoY value growth, while Premium Personal Care grew by 20%+ and the Digital First portfolio maintained its healthy run rate. The international business delivered 16% CC YoY growth with expansion in margins. The management has maintained its aspiration to deliver a 13-15% revenue growth aided by 8-10% volume growth in the domestic business and double-digit CC growth in the international business in the medium term.<\/p>\n<p><strong>Good result on account of volume-led revenue growth and Operating profit expansion.<\/strong><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/fmcg\/consumer-food\/marico\/company-info\">Check, 10-Year X-ray Now!<\/a>&nbsp;&nbsp;<\/p>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/payment\/index\/subscribe-superstars-offer\/?from=investmentshastra-q4fy23-results-12-may23-update-blog\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18657 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner.png\" alt=\"core 50 superstars banner\" width=\"850\" height=\"251\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner.png 850w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner-600x177.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner-150x44.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner-768x227.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner-270x80.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner-370x109.png 370w\" sizes=\"(max-width: 850px) 100vw, 850px\" title=\"\"><\/a><\/p>\n<p><strong><span style=\"text-decoration: underline;\">Best Stocks From<\/span>:<\/strong><\/p>\n<p><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #1eaf6d; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/alpha-case\/index\/alpha-case\/id\/92\/strategy\/undervalued\/casename\/All%20Weather\">All Weather Alpha Case<\/a>&nbsp;&nbsp;<a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #1eaf6d; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/stock-screener\">Screener<\/a> <a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #1eaf6d; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/alpha-case\">Alpha Cases<\/a> &nbsp;<a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #1eaf6d; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/business-houses\/\">Business Houses Group<\/a><\/p>\n<hr>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/\"><img decoding=\"async\" style=\"float: left; height: 100px; padding-right: 16px; margin-left: 40px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/07\/logo-mw4me.png\" alt=\"\" title=\"\"> <\/a> <a class=\"hide-mobile\" href=\"https:\/\/t.me\/mw4me\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"float: left; height: 100px; padding-right: 16px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/investments-shastra-blog.png\" alt=\"\" title=\"\"> <\/a><\/p>\n<div class=\"hide-mobile\" style=\"height: 100px; padding-top: 15px;\"><strong style=\"font-size: 15px; color: #32aadf;\">Join our Telegram Channel:<\/strong><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/fundamentalstockinvesting\">Stock Investing<\/a><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/mutualfundinvesting\">Mutual Fund Investing<\/a><\/div>\n<p>&nbsp;<\/p>\n<div class=\"hide-desktop\" style=\"float: left; width: 100%; text-align: center; padding-bottom: 15px;\"><a href=\"https:\/\/t.me\/mw4me\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"height: 100px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/investments-shastra-blog.png\" alt=\"\" title=\"\"><\/a><br \/>\n<strong style=\"font-size: 15px; color: #32aadf;\">Join our Telegram Channel:<\/strong><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/fundamentalstockinvesting\">Stock Investing<\/a><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/mutualfundinvesting\">Mutual Fund Investing<\/a><\/div>\n<div style=\"text-align: center;\">\n<p><span style=\"color: #0070c0;\"><b>Need help on Investing? And more<\/b><b>\u2026.<\/b><b>Puchho<\/b> <b>Befikar<\/b><\/span><\/p>\n<div class=\"puchhoBefikarIcon\"><img decoding=\"async\" loading=\"lazy\" class=\"\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/puchho-befikar-logo.png\" width=\"59\" height=\"46\" alt=\"\" title=\"\"><\/div>\n<p><b><i><\/i><\/b><a href=\"https:\/\/www.youtube.com\/watch?v=iqqbuJbMlk4 \" target=\"_blank\" rel=\"noopener\">Why MoneyWorks4me<\/a> | Call: <a href=\"tel:+91 20 6725 8333\">020 6725 8333<\/a> | <a href=\"https:\/\/www.moneyworks4me.com\/dashboard\/sensible-investing\/books\/how-the-heck-to-invest-and-reach-nirvana\" target=\"_blank\" rel=\"noopener\">Ebook<\/a>&nbsp;| WhatsApp: <a href=\"https:\/\/api.whatsapp.com\/send?phone=918055769463&amp;text=Need%20any%20help?\" target=\"_blank\" rel=\"noopener\">9860359463<\/a><\/p>\n<p style=\"text-align: left;\"><strong>*<\/strong>Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.<\/p>\n<p style=\"text-align: left;\"><strong>*Disclaimer:<\/strong> The securities quoted are for illustration only and are not recommendatory<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dear Readers, Welcome to our weekly company result update note. We understand the importance of staying up-to-date with the latest financial developments of the companies you have invested in. That&#8217;s why we are committed to providing you with short and insightful information about the earnings and performance of the companies in our coverage. In addition [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":18748,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[1166,1182],"tags":[1530,83,1529,1531,1526],"modified_by":"MoneyWorks4me","_links":{"self":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/18747"}],"collection":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/comments?post=18747"}],"version-history":[{"count":0,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/18747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media\/18748"}],"wp:attachment":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media?parent=18747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/categories?post=18747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/tags?post=18747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}