Top Gainers and Losers in BSE & NSE Stock Market Today | Today Q2 Results of these companies
Top #Gainers and #Losers in BSE & NSE Stock Market Today
IndusInd Bank
IndusInd Bank Q2 profit jumps 57% YoY to Rs 1,805 crore on lower provisions. Net interest income grows 18% to Rs 4,302 crore. The private sector lender recorded profit at Rs 1,805 crore for the quarter ended September FY23, a 57% year-on-year growth led by lower provisions, with improvement in asset quality performance. Pre-provision operating profit increased 10% YoY to Rs 3,544 crore, and net interest income rose by 18% to Rs 4,302 crore in Q2FY23 with 17 basis points expansion in net interest margin.
Havells India
Havells India Q2 profit plunges 38% YoY to Rs 187 crore on lower operating income. Revenue grows 13.6%. The electric equipment maker has reported a 38% YoY decline in consolidated profit at Rs 187 crore for the quarter ended September FY23 on lower operating income. Revenue grew by 13.6% YoY to Rs 3,679.5 crore in Q2FY23
Max Financial Services
Max Financial Services Q2 consolidated profit rises 29% YoY to Rs 61.61 crore supported by operating performance, other income. The company recorded a 29% year-on-year growth in consolidated profit at Rs 61.61 crore for the quarter ended September FY23 supported by operating performance and higher other income. Revenue from operations was almost flat at Rs 9,316 crore against Rs 9,325.4 crore a year ago.
Persistent Systems
Persistent Systems clocks 4% QoQ rise in Q2 profit, constant currency revenue growth at 6.6%. The IT services company has recorded a 4% sequential growth in profit at Rs 220 crore for the quarter ended September FY23 on revenue of Rs 2,048.6 crore that grew by 9.1% QoQ. Revenue in dollar terms increased by 5.8% QoQ to $255.56 million and constancy currency growth was 6.6% QoQ. The order booking for the quarter was at $367.8 million in total contract value (TCV) and at $271.2 million in annual contract value (ACV).
Rallis India
Rallis India Q2 profit jumps 26% YoY to Rs 71 crore on operating & performance. Revenue increases 31% YoY. The Tata Group company has registered a 26% YoY growth in consolidated profit at Rs 71 crore for the quarter ended September FY23 driven by operating as well as topline performance. Revenue increased by 30.7% YoY to Rs 951.2 crore for Q2FY23
Bharat Electronics
Bharat Electronics bags order worth Rs 8,060 crore for battery packs from Triton Electric Vehicle India. Triton Electric Vehicle India, a part of Triton Electric Vehicle LLC, USA, has issued a Letter of Intent to navratna defence PSU Bharat Electronics for 300 KW Li-ion battery packs for its semi-truck project in India at a value of Rs 8,060 crore. The battery packs will be delivered by the company to Triton in 24 months commencing from January 2023.
Inox Leisure
Inox Leisure posts Q2 loss at Rs 40.37 crore on weak operating performance, lower topline. Revenue falls 36% QoQ. The multiplex chain operator has posted consolidated loss of Rs 40.37 crore for September FY23 quarter, against profit of Rs 57.09 crore in previous quarter, impacted by operating loss and lower revenue. Consolidated revenue fell 36% QoQ to Rs 374.12 crore during the quarter ended September FY23.
NHPC
Life Insurance Corporation of India offloads 2.02% stake in NHPC. Life Insurance Corporation of India has offloaded 2.02% stake in the company via open market transactions. With this, LIC’s shareholding in the company reduced to 5.2%, down from 7.23% earlier.
Jindal Steel & Power
Jindal Steel & Power signs MoU with Greenko Group to facilitate 1,000 MW of carbon-free energy for its steel plant in Odisha. The company has signed an MoU with Greenko Group to facilitate 1,000 MW of carbon-free energy for its steel-making operations at Angul, Odisha. This is in line with its goal to become a net-zero steel company by 2035
Navin Fluorine International
Navin Fluorine International Q2 profit falls 8.6% YoY to Rs 57.81 crore impacted by higher input cost. Revenue up 23.7%. The consolidated profit for the quarter ended September FY23 declined by 8.6% YoY to Rs 57.81 crore impacted by higher raw material cost.
