Lloyd Consumer, with 27 revenue contribution to Havells India saw its net loss widening to Rs 62 crore in Q1-FY24 versus Rs 56 crore in Q1-FY22 and Rs 23 crore in Q4-FY23. Havells India EBITDA margins stood flat at 8.3 percent in Q1-FY24.

A significant portion of this growth can be attributed to Coal India Limited (CIL), which achieved an impressive production figure of 175.48 MT between April and June 2023, indicating a remarkable growth rate of 9.85 percent compared to the corresponding period of the previous year, where production stood at 159.75 MT.

As the steel industry braces itself for the upcoming result season, investors are closely monitoring the key factors that could influence the performance of major ferrous players. Strong volumes, lower steel prices, and higher coking coal costs are pivotal aspects shaping the sector's outlook. Furthermore, tracking the performance of key players like Tata Steel India, JSW Steel, JSPL, and NALCO will provide valuable insights into the overall health of the steel industry.

Jio Infocomm delivers a steady set of first quarter numbers, where profits grew 12 percent year on year, helped by 10 percent rise in revenues and expanding margins.