ITC, SBI, GAIL to Tata Elxsi: These companies to declare Q4 results today

Q4 results today: Both positional investors and market observers eagerly wait for the company results season as it helps them understand fundamentals of the company and its financial conditions. Quarterly results also help retail investors and shareholders of the company to check viability and sustainability of the business model of a listed company. So, retail investors wait for the quarterly results of the companies belonging to its stock portfolio and the company they are zeroing on as a potential bet for future.

For such retail investors and stock market observers, there is a piece of stock market news as a good number of listed companies of well repute are going to declare its Q4 results today. Companies that are going to announce its fourth quarter results for the financial year 2022-23 includes State Bank of India (SBI), ITC, GAIL India, Tata Elxsi, Bata India, Container Corporation of India (CCI), Gland Pharma, GNFC, Gulf Oil Lubricants India, InterGlobe Aviation or IndiGo, Jet Airways, PI Industries, PNB Housing Finance, Rama Phosphates, Ramco Cements, Sah Polymers, Sharda Motor, Ujjivan Financial Services, United Spirits, etc.

Here we list out Q3 results of some important companies that are going to declare its Q4 results today:

ITC Q3 results

ITC Ltd reported 21 per cent rise in net profit to ₹5,031.01 crore in October to December 2022 quarter. This was against a net profit of ₹4156.2 crore in the corresponding quarter in previous fiscal. The revenue from operations rose by 2.3 per cent to ₹16225.1 crore from ₹15862 crore in the corresponding quarter last fiscal. The earnings before interest, taxes, depreciation and amortisation (EBITDA), grew by 22% on year to ₹6223.2 crore from ₹5,102.1 crore.

Also read: ITC share price jumps ahead of Q4 results today. Buy, sell or hold?

SBI Q3FY23 results

India's largest commercial bank State Bank of India (SBI) reported a 68% rise in its net profit to a record high of ₹14,205 crore during the third quarter ended December 2022. Analysts on average had expected a profit of ₹13,101 crore, according to Refinitiv IBES data. So, SBI managed to beat estimates after announcing Q3 results. SBI's net interest income (NII), which is the difference between interest earned and expended, rose 24% to ₹38,068 crore from ₹30,687 crore year-on-year (YoY). Domestic net interest margin (NIM) for Q3FY23 increased by 29 bps YoY to 3.69%.

The PSU bank's asset quality improved as gross bad loans as a ratio of total loans eased to 3.14% from 3.52% a quarter earlier. Its net NPA stood at 0.77% as compared to 0.80% quarter-on-quarter (QoQ). The provisions and contingencies slipped to ₹5,760 crore versus ₹3,038 crore QoQ and ₹6,974 crore YoY.

GAIL Q3 results

Government-owned GAIL (India) recorded a decline in profitability during December 2022 quarter on both a year-on-year and quarter-on-quarter basis due to supply hit. Although, revenue was better compared to Q3 of the previous fiscal, however, down sequentially. GAIL posted a standalone net profit of ₹2245.73 crore in Q3FY23. On a standalone basis, the company's Q3 PAT dipped by 92.52% from ₹3,287.99 crore in the same quarter a year ago. While PAT dropped by 84.01% from ₹1,537.07 crore in the September 2022 quarter.

Tata Elxsi Q3 earnings

For the quarter ended December 2022 or Q3FY23, the company posted revenue from operations of ₹817.7 crore as compared to ₹635.4 crore posted in the same quarter last year or Q3FY22, representing a YoY growth of 28.7%. Whereas Tata Elxsi said its overall quarterly revenue crosses US$ 100 million for the first time. The company reported an EBITDA of ₹246.9 Cr in Q3FY23 against ₹210.8 crore recorded in Q3FY22, representing a YoY growth of 17.1%, whereas its EBITDA margin expands to 30.2% YoY and 9.0% QoQ growth.

Jet Airways quarterly results

Jet Airways (India) Ltd reported third consecutive profitable quarter in a row and posted highest ever quarterly profit as the country’s second largest airline by passengers carried benefited from lower fuel prices, higher traffic and increased aircraft utilisation. The airline's profit shot up more than seven times to ₹467.11 crore in the three months ended December 2022, against the profit of ₹63.11 crore in the corresponding quarter in previous financial year.