Today’s stocks analysis and today stocks quarter result | company results

 Today’s stocks analysis and today stocks quarter result | company results

 

Tech Mahindra

The IT services company has recorded a 13% sequential increase in consolidated profit at Rs 1,299 crore for the quarter ended September FY23. Consolidated revenue increased by 3.3% QoQ to Rs 13,129 crore for the quarter. Revenue in dollar terms grew by 0.3% QoQ to $1,638 million and it clocked 2.9% growth in revenue in constant currency terms. The company has declared special dividend of Rs 18 per share.

Voltas

The company posted consolidated loss of Rs 6 crore for the quarter ended September FY23 as against a profit of Rs 104 crore for the same period last year, impacted by provision made on an overseas project. Total income for the quarter at Rs 1,833 crore rose by 5.5 percent compared to the year-ago period.

Kansai Nerolac Paints

The company has recorded a 27% year-on-year increase in consolidated profit at Rs 111.2 crore for the quarter ended September FY23, supported by higher operating income. Revenue from operations grew by 19% YoY to Rs 1,931 crore for the quarter. The quarter witnessed good demand in automotive with the easing of the supply chain challenges, but demand in decorative was subdued due to extended rains.


Adani Ports and Special Economic Zone

The company’s consolidated profit increased by 65.5% YoY to Rs 1,738 crore for the quarter ended September FY23, supported by top line, operating income and lower tax cost. Revenue surged 33% YoY to Rs 5,211 crore for the quarter. Cargo for the quarter stood at 86.6 MMT, a 15% YoY growth.

Karnataka Bank

The bank recorded a massive 228% year-on-year growth in standalone profit at Rs 412 crore for the quarter ended September FY23 as there was write-back of provisions and contingencies of Rs 14 crore in Q2FY23. Net interest income grew by 26% YoY to Rs 803 crore for the quarter.

TVS Motor Company

The company registered a growth of 2% with sales increasing from 3.55 lakh units in October 2021 to 3.60 lakh units in October 2022. Total two-wheelers registered sales of 3.44 lakh units in October this year against sales of 3.41 lakh units in same month last year.

LIC Housing Finance

The housing finance company clocked a 23% YoY growth in standalone profit at Rs 305 crore for the quarter ended September FY23. Revenue from operations for the quarter grew by 8% to Rs 5,085 crore compared to year-ago period.

Maruti Suzuki India

The country’s largest car maker announced production of 1.56 lakh vehicles in October 2022, increasing 15.8% compared to 1.34 lakh units produced in same month last year. Production volume in October 2021 was adversely impacted due to a sizeable shortage of electronic components.

JK TYRE

The tyre maker reported a 24% YoY decline in consolidated profit at Rs 49.6 crore for the quarter ended September FY23, impacted by exceptional loss of Rs 23 crore. Revenue from operations for the quarter at Rs 3,756 crore increased by 26% compared to year-ago period.

Hero MotoCorp

The company has sold 4.54 lakh motorcycles & scooters in October 2022, a 17% decline compared to 5.47 lakh units sold in year-ago month. In current financial year, it sold 32.72 lakh units, higher by 8.7% compared to 30.11 lakh units sold in same period last year.


Cholamandalam Investment and Finance Company

The company has reported a 7% year-on-year decline in standalone profit at Rs 563.41 crore for the quarter ended September FY23, impacted by significant increase in impairment of financial instruments. Revenue from operations grew by 21% YoY to Rs 2,988 crore for the quarter.

Grasim Industries

The company said its Finance Committee of the Board of Directors has approved issue of non-convertible debentures (NCDs) on private placement basis, for up to Rs 1,000 crore, in one or more tranches.

Chambal Fertilisers & Chemicals

The company has reported a 46% year-on-year fall in consolidated profit at Rs 274 crore for the quarter ended September FY23, impacted by weak operating performance as input cost and other expenses were significantly higher YoY. Consolidated revenue from operations grew by 92% YoY to Rs 8,587 crore for the quarter.

Today Results

Adani Trans

  • Andhra Paper
  • Auto Corp Goa
  • CL Educate
  • Dalmia Bharat
  • EIH
  • Eimco Elecon
  • Firstsource Sol
  • Gati
  • Grindwell Norto
  • Jamna Auto
  • Gravita India
  • Kajaria Ceramic
  • Keshav Cements
  • KSB Pumps
  • M&M Financial
  • Mahindra EPC
  • Mahindra Holida
  • MAS Financial S
  • P and G
  • Redington
  • Relaxo Footwear
  • SHAREINDIA
  • SIS
  • Triveni Turbine
  • UFO Moviez

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