Devyani International Limited - Q3 Results

 

On February 9th, 2023, Devyani International Limited released its Q3 FY 23 results. The largest franchisee of Yum! Brands in India is Devyani International, which runs KFC, Pizza Hut, Costa Coffee, Vangoo, and the Food Street.

 

The key financial metrics are tabulated below.

    (Rs. in Crores)

Particulars	Q-3 FY 23	Q-3 FY 22	YOY Growth
Revenue from Operations	791	624	27%
Total Income	799	628	27%
EBITDA	179	150	20%
Profit  before tax(PBT)	65	67	-3%
Profit after tax(PAT)	71	66	8%
Net Profit Ratio	8.99%	10.57%	-15%

 

Revenue from operations

The business reported operating income of Rs. 791 crores, a 27% year-over-year rise. For the nine months that ended on December 31, 2022, the company recorded revenues of Rs. 2,243 Crores, an increase of 50% from Rs. 1,493 Crores for the nine months that ended on December 31, 2021.

 

Net Profit

With an annual growth rate of 8%, the company's net profit (PAT) is Rs. 71 crores. The company's net profit ratio is currently down from 11% YOY to 9%. The gross profit ratio for the company is 70%, and it has been stable year over year.

EBITDA

The EBITDA margin of the company rose by 20% YOY to Rs. 179  crores.

EPS

For the nine months that ended in 2022, the Company's earnings per share more than doubled. EPS for the nine months ended in 2022 is Rs. 1.70, compared to Rs. 0.67 for the same period in the previous year. 

Amalgamation

At a meeting held on December 29, 2022, the necessary majority of equity shareholders and unsecured creditors approved the plan of amalgamation of the company's two wholly owned subsidiaries listed below.

1. Devyani Food Street Private Limited

2. Devyani Airport Services (Mumbai) Private Limited

 

 

 

 

 

 

 

Tata Power Limited Q3 FY 23 Results - Outstanding Performance

Tata Power Limited has posted it's Q3 FY 23 results on 3rd February, 2023.  The company is involved in power generation, transmission, and renewable energy. 

The key financial metrics are tabulated below.

Revenue from operations

The company recorded revenue from operations of Rs. 14,129 crores, an increase of 29% YOY. The company reported sales of Rs. 42,655 Crores for the nine months that ended on December 31, 2022, an increase of 38% from Rs. 30,856 Crores for the nine months that ended on December 31, 2021. 

Net Profit

The company declared net profit (PAT) of Rs. 1,052 Crores, with an outstanding growth rate of 91% year over year.  

EBITDA

The EBITDA margin of the company rose by 53% YOY to Rs. 3,816  crores.

 Segment-wise revenue and results

The Power Transmission and Distribution sector generates around 58% of the company's sales and 27% of its profits.

A whopping 64% of the profits among the group are contributed by the Power generating sector, which generates 38% of the company's revenue.

ITC Q3 Results, Dividend and Segment performance

ITC Limited has posted it's Q3 FY 23 results on 3rd February, 2023. 

The key financial metrics are tabulated below.

Rs. in Crores

Particulars	Q-3 FY 23	Q-3 FY 22	YOY Growth
Revenue from Operations	17,265	16,806	2.73%
Total Income	18,137	17,616	2.96%
EBITDA	6,223	5,102	21.97%
Profit  before tax(PBT)	6,677	5,492	21.58%
Profit after tax(PAT)	5,031	4,156	21.05%

Revenue from operations

The company recorded revenue from operations of Rs. 17,265 crores, an increase of 2.73% YOY. The company's hotel segment outperformed the others, while the agro business division has experienced decline in revenue.

 Net Profit

The company declared net profit (PAT) of Rs. 5,031 Crores, with an outstanding growth rate of 21.05% year over year. The Cigaratte division contributes significantly to the company's net profit.

 EBITDA

The EBITDA margin of the company rose by 21.97% YOY to Rs. 6,223  crores.

 Dividend

The Company has declared dividend of Rs. 6 per share. Check the important dates with respect to dividends below.

 

Dividend per share	Rs. 6/-
Record date	15th February, 2023
Payment date	3rd March 2023 to 5th March 2023

 

Segment wise revenue and results

(Rs. in Crores)

Segment	Q-3 FY 23	Q-3 FY 22	YOY Growth
FMCG Cigarattes
Revenue	7,288	6,244	16.72%
Profit	4,620	3,951	16.93%
FMCG Others
Revenue	4,841	4,090	18.36%
Profit	348	242	43.80%
Hotels
Revenue	712	473	50.53%
Profit	146	51	186.27%
Agri Business
Revenue	3,124	4,962	(36.21%)
Profit	391	295	32.54%
Paperboards, Paper and packaging
Revenue	2,305	2,046	12.65%
Profit	606	448	35.26%

         

About 40% of the company's sales come from cigarette sales, which also account for about 75% of the company's profits.

Even though the company's agribusiness revenue has declined, the company was still able to make excellent profits in this area. 

In the hotel sector, sales increased by 50% YOY while profits increased by 186% YOY. Its indeed a stellar performance in hotel sector.