Q1 Results Today: Wipro, Tech Mahindra, HDFC Life, Angel One And Other Companies In Focus

The June quarter earnings season will remain in focus as Wipro, Tech Mahindra, Jio Financial Services, ITC Hotels, 360 ONE WAM, 5paisa Capital, Bharat Heavy Electricals, Ceat, Muthoot Capital Services, Piramal Finance, Polycab India, South Indian Bank, Sterling and Wilson Renewable Energy and WeWork India Management are scheduled to announce their quarterly results today.

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HDFC Life Reports 12% Growth In New Business Premium

HDFC Life Insurance Company reported a 12% year-on-year increase in new business premium to ₹8,143 crore in the first quarter, compared with ₹7,272 crore in the year-ago period. Annual Premium Equivalent rose 9% to ₹3,515 crore from ₹3,225 crore.

Retail APE increased 7% to ₹2,969 crore, while the value of new business climbed 9% to ₹879 crore from ₹809 crore. The VNB margin stood at 25%, compared with 25.1% a year earlier.

ICICI Lombard Profit Drops 46%

ICICI Lombard General Insurance Company reported a 46% decline in quarterly profit to ₹403.2 crore from ₹747.1 crore. Net premium earned rose 15.8% to ₹5,950 crore.

Net commission increased 32.9% to ₹1,250.2 crore, while operating profit fell 64.3% to ₹233.8 crore. The underwriting loss widened to ₹629.88 crore from ₹293.14 crore.

HDB Financial Services, Angel One Post Strong Profit Growth

HDB Financial Services reported a 38.3% year-on-year rise in profit to ₹785 crore. Net interest income increased 20% to ₹2,509 crore from ₹2,092 crore.

Angel One reported a 102.2% increase in consolidated profit to ₹231.4 crore, while revenue grew 25.4% to ₹1,429.7 crore. Angel One share price will remain in focus following the strong quarterly performance.

MRPL Swings To Profit; Jana SFB Improves Asset Quality

Mangalore Refinery and Petrochemicals reported a consolidated profit of ₹945.7 crore against a loss of ₹270.7 crore in the year-ago quarter. Revenue more than doubled to ₹38,254.2 crore.

Jana Small Finance Bank reported a 52% increase in profit to ₹155 crore, with net interest income rising 33.4% to ₹782 crore. Gross NPA declined to 2.39% from 2.46% quarter-on-quarter, while net NPA fell to 0.91% from 0.92%.

Other Quarterly Updates

Himadri Speciality Chemical reported a 26.3% increase in profit to ₹229.5 crore, while revenue rose 28% to ₹1,431.9 crore.

Network18 Media & Investments recorded a 10.3% rise in operating revenue to ₹516 crore, with EBITDA increasing to ₹8 crore. GTPL Hathway’s profit fell 78% to ₹2.3 crore despite a 12.4% rise in revenue.
Sai Silks (Kalamandir) reported a 14.7% decline in profit to ₹25.6 crore, while revenue slipped 1% to ₹375.1 crore.

GMR Airports Reports Mixed June Traffic

GMR Airports reported a 0.3% decline in passenger traffic in June on a year-on-year basis. Domestic traffic fell 0.4%, while international passenger traffic increased 0.1%. Aircraft movements declined 2.4%.

The day’s results calendar will also include earnings from several companies across technology, financial services, manufacturing, infrastructure, hospitality and consumer sectors, making quarterly disclosures the key corporate focus for investors.