Quarterly Results News, Share Market News

04 November 2022

FII & DII DATA 

FII Net  BUY - 1,436.25cr
DII Net SELL - 548.59cr

07 November 2022

Today Results 

Affle India
Alkyl Amines
Automotive Axle
BLS Internation
BPCL
Bannariamman
Ceat
Cera Sanitary
Coal India
KPR Mill
KEC Intl
Insecticides
Ind Motor Parts
Guj Themis
Endurance Techn
Divis Labs
India Cements
Privi Special
PB Fintech
One 97 Paytm
Mold-Tek Pack
Vinati Organics
Vinyl Chemicals
Themis Medicare
Sundaram Fin
Sundaram-Clayto
Sun Pharma Adv
Sansera Eng


Quarterly Results News 

State Bank Of India 

State Bank of India Q2 profit jumps 74% YoY to Rs 13,265 crore on decline in loan loss provisions. Net interest income rises 13%. The country's largest bank reported highest ever quarterly net profit at Rs 13,265 crore, growing 74% YoY as loan loss provisions fell sharply by 25% during the same period. Its operating profit for Q2FY23 at Rs 21,120 crore increased 16.82% YoY and net interest income rose by 12.83% YoY to Rs 35,183 crore with loan book growing 20% and deposits rising 10% in the same period.



Britannia Industries 

Britannia Q2 profit grows 28.5% YoY to Rs 490.6 crore driven by strong operating performance & top line. Revenue jumps 21.4%. The food company has recorded a 28.5% year-on-year growth in consolidated profit at Rs 490.6 crore for the quarter ended September FY23, driven by strong operating performance and top line. Consolidated revenue from operations at Rs 4,379.6 crore for the quarter increased by 21.4% compared to year-ago period aided by mid-single digit volume growth, with reaching market share to new 15-year high. EBITDA at Rs 711.7 crore for the quarter grew by 27.5% and margin expanded by 78 bps YoY to 16.25% in Q2FY23.



Titan Company 

Titan Company Q2 profit jumps 30% YoY to Rs 835 crore on strong operating performance, top line growth. The company recorded a 30.3% year-on-year growth in consolidated profit at Rs 835 crore for the quarter ended September FY23 despite higher input cost, supported by strong operating performance and top line growth. Total income for the quarter grew by 22% YoY to Rs 9,224 crore with jewellery business growing 18%, and watches & wearables segment showing a 21% growth YoY.



TVS Motor Company 

TVS Motor Company posts highest ever revenue, EBITDA, profit in Q2. Profit increases 59%. The two-and-three-wheeler company reported a 59.3% year-on-year increase in consolidated profit at Rs 373.4 crore for the quarter ended September FY23 supported by strong operating as well top line performance. Revenue for the quarter at Rs 8,561 crore increased by 32% compared to same period last year and EBITDA rose by 31% to Rs 737 crore during the same period.



Bank Of India 

Bank of India to raise Rs 2,500 crore via issue of bonds. The bank has received board approval for raising of Tier-1 capital by issue of AT-I bonds for Rs 2,500 crore.



Bank Of Baroda 

Bank of Baroda Q2 profit jumps 59% YoY to Rs 3,313 crore on fall in provisions, other income. Net interest income rises 34.5%. The public sector undertaking recorded a 59% YoY growth in profit at Rs 3,313 crore for the quarter ended September FY23 as total provisions at Rs 1,628 crore fell by 41% YoY and other income fell 18.4% to Rs 745 crore in the same period. Net interest income for the quarter jumped 34.5% YoY to Rs 10,174 crore, with global deposits rising 13.6% and global advances growing 19% YoY.



Marico

Marico Q2 profit declines 2.8% YoY to Rs 307 crore, with tepid top line & operating profit growth and pressure in margin. The FMCG company reported a 2.8% year-on-year decline in consolidated profit at Rs 307 crore for September FY23 quarter, with tepid top line & operating profit growth and pressure in margin. There was increase in other expenses including advertisement & sales promotion. Revenue for the quarter increased by 3.2% to Rs 2,496 crore YoY.



Fineotex Chemical 

Nippon Life India Trustee lowers stake in Fineotex Chemical. Nippon Life India Trustee sold 0.33% equity stake in the company via open market transactions. With this, its shareholding in the company reduced to 3.64%, down from 3.98% earlier.



Godrej Agrovet 

Godrej Agrovet Q2 profit falls 38% YoY to Rs 69.62 crore due to volatility in commodity price. Revenue rises 13.5%. The company recorded a 38% year-on-year decline in consolidated profit at Rs 69.62 crore due to commodity price volatilities, sustained cost inflation, limited transmission and unfavourable macro environment. Revenue for the quarter at Rs 2,445 crore increased by 13.5% compared to year-ago period.


City Union Bank 

City Union Bank Q2 profit jumps 52% YoY to Rs 276.5 crore on lower provisions. Net interest income rises 19%. The bank reported a 52% year-on-year growth in profit at Rs 276.46 crore for the quarter ended September FY23 supported by lower provisions and pre-provision operating profit. Net interest income for the quarter at Rs 567.91 crore increased by 19% compared to corresponding quarter of last fiscal.



Mahindra Logistics

Mahindra Logistics Q2 profit more than doubled to Rs 11 crore, revenue increases 28%. The stock will be in focus as the logistics & mobility solutions provider's profit for the quarter ended September FY23 more than doubled to Rs 11 crore from Rs 5 crore YoY. Revenue at Rs 1,326 crore for the quarter increased by 28% compared to year-ago period and EBITDA jumped 45% YoY to Rs 71 crore in Q2FY23, driven by continuing recovery in automotive industry and sustained growth in consumption end markets including telecom.



Paradeep Phosphates 

Paradeep Phosphates Q2 profit tanks 71% YoY to Rs 51 crore impacted by higher input cost. Revenue jumps 48%. The phosphatic fertilizer manufacturing company has reported a 71% year-on-year increase in consolidated profit at Rs 51.1 crore for quarter ended September FY23, impacted by higher input cost and other expenses. Revenue at Rs 2,863.7 crore for the quarter increased by 48% compared to year-ago period.



DreamFolks Services 

DreamFolks Services Q2 profit jumps 745% YoY to Rs 14.78 crore on healthy growth in number of passengers availing lounge access. The airport lounges access aggregator clocked a massive 745% on-year growth in profit at Rs 14.78 crore for the quarter ended September FY23 as operating and top line numbers were strong. Revenue from operations grew by 183% to Rs 171.24 crore during the quarter YoY, while EBITDA increased by 195% to Rs 21.1 crore and margin nearly doubled to 12.33% compared to same period last year on healthy growth in number of passengers availing lounge access & other

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