Quarterly Results News, Share Market News

20 October  2022

FII & DII DATA 

FII Net  BUY  - 1,864.79cr
DII Net SELL - 886.80cr

21/10/22

Today Results 

Atul
Reliance
SBI Life Insura
HDFC Life
United Spirits
VIP Industries
Motilal Oswal
Onward Tech
Hind Zinc
HUL
IDBI Bank
IRB Infra
JSW Steel
Kalyani Steels
Jubilant Pharmo
Kewal Kiran
Ambuja Cements
Route
S H Kelkar
Shanthi Gears
Sharda Crop
Shriram City
Stylam Ind
Tata Steel Long
Tejas Networks
Tips Industries
Sasken Tech
Amber Enterpris
Atam Valves
Avantel
Best Agrolife
Birlasoft
Bhageria Indu
CarTrade Tech
Century Enka
Chalet Hotels
DLF
Bajaj Finserv
Bajaj Holdings
JSW Steel
HDFC Life
Poonawalla Fin
Torrent Pharma
RamkrishnaForge
Rane Madras
CreditAccess Gr
CRISIL
CSB Bank
Cybertech
DBOL
Rajratan Global
De Nora India
Finolex Ind
Garware Technic
Glenmark Life
GNA Axles
Guj Intrux
Hardwyn
Laurus Labs


Quarterly Results News, Share Market News 

Axis Bank 

Axis Bank Q2 profit jumps 70% to Rs 5,330 crore on dip in provisions, NII spikes 31%. The private sector lender has clocked a massive 70% year-on-year growth in standalone profit at Rs 5,330 crore for the quarter ended September FY23, driven by sharp dip in provisions. Healthy growth in net interest income and pre-provision operating profit also boosted profitability. Net interest income grew by 31% year-on-year to Rs 10,360 crore in Q2FY23.


Bajaj Finance 

Bajaj Finance Q2 profit jumps 88% YoY to Rs 2,781 crore, net interest income grows 31% to Rs 7,001 crore. The non-banking finance company's profit grew by 88% year-on-year to Rs 2,781 crore for the quarter ended September FY23. It was the highest ever consolidated quarterly profit. Net interest income rose by 31% to Rs 7,001 crore during the same period with new loans booked up by 7% to 67.6 lakh YoY. Assets under management (AUM) grew by 31% YoY to Rs 2.18 lakh crore as of September FY23. Loan losses and provisions saw a significant declined to Rs 734 crore in Q2FY23 against Rs 1,300 crore in Q2FY22.



Indian Energy Exchange 

Indian Energy Exchange Q2 profit falls 8% YoY to Rs 71.2 crore impacted by lower topline. Revenue declines 14%. The company reported a 8% year-on-year decline in consolidated profit at Rs 71.2 crore for the quarter ended September FY23, impacted by lower topline. Revenue from operations declined nearly 14% to Rs 95.2 crore compared to year-ago period.



Coforge 

Coforge Q2 profit jumps 28.3% QoQ to Rs 220.6 crore. Revenue grows 7.1% to Rs 1,959.4 crore. The company's consolidated profit grew by 28.3% QoQ to Rs 220.6 crore for the quarter ended September FY23. Revenue grew by 7.1% to Rs 1,959.4 crore compared to previous quarter. Revenue growth in dollar terms increased 3.4% to $246.9 million and constant currency revenue growth at 6.2% QoQ. The company has maintained FY23 constant currency revenue growth guidance of at least 20%.



L&T Finance Holding 

L&T Finance Holdings Q2 profit rises 109% to Rs 360 crore despite moderate growth in revenue. The company reported profit from continuing operations at Rs 360.31 crore for the quarter ended September FY23, up 109% over year-ago period despite moderate growth in revenue. Revenue grew by 6% to Rs 3,138 crore compared to same period last year. It recorded highest-ever quarterly retail disbursements at Rs 10,238 crore, up 84% YoY, while retail book stood at Rs 52,040 crore, up 27% YoY, which company said in line with Lakshya 2026 strategic plan.



Tata Consumer Products 

Tata Consumer Products Q2 profit jumps 36% YoY to Rs 389 crore boosted by income from sale of land. Revenue grows 11%. The Tata Group company has recorded a 36% year-on-year growth in consolidated net profit at Rs 389 crore led by exceptional income related to sale of land. Revenue from operations grew by 11% YoY to Rs 3,363 crore (and in constant currency terms, the growth was 10%), mainly driven by underlying growth of 9% in India business, 6% in international business and 30% in non-branded business. Consolidated EBITDA for the quarter at Rs 438 crore grew 4% YoY.


Wipro 

Wipro appoints Suzanne Dann as Chief Executive Officer for Americas 2 strategic market unit. The IT services company has appointed Suzanne Dann as Chief Executive Officer for its Americas 2 strategic market unit, effective immediately. Dann will also join the Wipro Executive Board.



Shriram Transport Finance Company 

Shriram Transport Finance Company Q2 profit rises 38.3% YoY to Rs 1,067 crore. Net interest income increases 22.85%. The company recorded a 38.3% year-on-year growth in standalone profit at Rs 1,066.9 crore for the quarter ended September FY23. Net interest income grew by 22.85% YoY to Rs 2,693.96 crore during the quarter. Total assets under management as on September 2022 stood at Rs 1.35 lakh crore as compared to Rs 1.21 lakh crores as on September 2021.



Bharat Wire Ropes 

Bharat Wire Ropes Q2 profit jumps 1,342% to Rs 15.4 crore boosted by operating income. Revenue rises 58.5% YoY. The company has reported a massive 1,342% year-on-year growth in profit at Rs 15.4 crore for the quarter ended September FY23 boosted by operating income and revenue growth. Revenue from operations grew by 58.5% to Rs 149.7 crore during the same period.



Nazara Technologies 

Nazara Technologies clocks 10.5% YoY growth in Q2 profit at Rs 16.9 crore. Revenue increases 104% to Rs 263.8 crore. The diversified gaming and sports media platform delivered a profit of Rs 16.9 crore for quarter ended September FY23, up 10.5% YoY. Revenue increased by 104% to Rs 263.8 crore and EBITDA rose by 9.2% to Rs 21.3 crore compared to year-ago period. The company appointed Sudhir Kamath as its new chief operating officer, while Manish Agarwal resigned as CEO effective December 1, 2022 to pursue an entrepreneurial journey.



Suzlon Energy 

Suzlon Energy's Rs 1,200 crore rights issue oversubscribed by 1.8 times on final day. The wind component manufacturer closed its Rs 1,200 crore rights issue which was oversubscribed by 1.8 times. The rights issue of 240 crore partly paid-up equity shares on rights basis to eligible equity shareholders was launched on October 11.

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