New loans booked in Q1 FY23 were 7.4m vs. 4.6m, up 61% year-on-year
Core assets under management stood at ~Rs 204,000 cr, up 31% YoY
The company’s liquidity position remains strong
Consolidated net excess liquidity amounted to ~ 11,550 cr as of June 30, 2022
Remains well capitalized with a CRAR of around 26.2%
Passbook deposit stood at Rs 34,100cr up 22% YoY
Recorded the highest ever quarterly increase in its customer franchise of 2.7 million in Q1 FY23
Marico-Q1FY23 Update
Consolidated revenue ended up slightly over the year
Gross margin should remain at similar levels (44.5%) as seen in 4QFY22
Ad spend was higher on an annual basis to support the investments behind strategic brand development
Expects reasonable operating profit growth in Q1FY23
However, net profit growth is expected to lag EBITDA growth due to higher ETR (200-300 bps vs. base quarter)
Board meets to consider fundraising up to Rs 6,000 crore and sanction term loan of Rs 5,000 crore from Commercial Bank to meet capital expenditure
Offers open to public shareholders begin today
Adani to buy ACC shares at Rs 2,300; CMP at Rs 2147
Adani to buy Ambuja shares at Rs 385; CMP at Rs 367
Merger of Shriram Group
Shareholders approve the merger.
Only a small group of public shareholders (about 2%) voted against.
J Kumar Infraprojects
JV wins order for Mumbai sewer tunnel.
The company’s share in the Mumbai order stands at Rs 343cr (60% share)
Tata power
Signature of a memorandum of understanding with the government of Tamil Nadu for the establishment of a manufacturing plant for Mega Solar.
Will add 4 GW modules and 4 GW cells by FY24 at an investment of Rs 3,000-3,400 cr.
The amount of investment will be through debt and equity.
