Stocks In News, Quarterly Results News, Stocks In Focus

10 November 2022

FII & DII DATA 

FII Net  BUY - 36.06cr
DII Net SELL - 967.13cr

11 November 2022

Today Results 

ABB India
Adani Power
Alembic Pharma
Alkem Lab
Astral Ltd
AstraZeneca
Beekay Steel
BF Investment
BF Utilities
Bharat Dynamics
Cravatex
Delhivery
Esab India
Excel
Emami
Exide Ind
GE Shipping
GlaxoSmithKline
Glenmark
HEG
Hind Composites
Hindalco
Huhtamaki India
IDFC
Ind & Prud Invt
India Nippon
INEOS Styro
Info Edge
Ingersoll Rand
Ipca Labs
ISGEC Heavy Eng
KELTECH Energ
Kirloskar Ind
KPT Industries
Kovai Medical
KRBL.
LIC India
Lumax Inds
M&M
Mangalam Organ
Mercury Labs
MOIL
NCL Industries
Procter&Gamble
Restaurant Bran
Savita Oil Tech
SML Isuzu
Sobha
Star Paper
Subros
Sunshield Chem
TCI Industries
Tega Industries
Thermax
Thyrocare Techn
TV TodayNetwork
Ujjivan Financi
V-Mart Retail
Zydus Life


Stocks Quarterly Results News 
Stocks In News 

Eicher Motors 

The automobile company registered highest ever quarterly revenue and profits. It recorded a massive 76% year-on-year growth in profit at Rs 657 crore for the quarter ended September FY23 backed by strong operating as well as top line performance. Revenue from operations at Rs 3,519 crore for the quarter grew by 56.4% and EBITDA increased by 75% to Rs 821.4 crore compared to year-ago period. Margin expanded to 23.3% from 20.9% in the same period. Topline and bottomline were largely in line with analysts' estimates, but operating performance slightly missed estimates. Royal Enfield sold 2.03 lakh motorcycles in September FY23 quarter, an increase of 64.7% YoY.


Apollo Hospitals Enterprises 

The healthcare services provider reported a 20% year-on-year decline in profit at Rs 212.8 crore for the quarter ended September FY23 impacted by weak operating performance, and higher purchases of stock-in-trade. Revenue from operations grew by 14.4% to Rs 4,251 crore compared to year-ago period. EBITDA for the quarter at Rs 565.4 crore declined by 8 percent and margin fell by 330 bps YoY to 13.3% for the September FY23 quarter.


Trent 

The company has reported a 1.4% year-on-year decline in consolidated profit at Rs 78.9 crore for the quarter ended September FY23, impacted by higher input cost. Consolidated revenue from operations grew by 65.8% to Rs 1,952.7 crore compared to corresponding period last fiscal. EBITDA increased by 22% to Rs 255.8 crore but margin tanked 470 bps YoY to 13.1 percent for the quarter.


Bata India Ltd 

The shoemaker reported a 47.4 percent jump in net profit to Rs 54.8 crore in the September quarter. The revenue for the period came in at Rs 829.8 crore, up 35.1 percent from the year-ago period.



Jindal Steel & Power 

The company has recorded a 92.3% year-on-year decline in consolidated profit at Rs 200 crore for the quarter ended September FY23, impacted by dismal operating performance and fall in top line. Revenue from operations fell 0.7% YoY to Rs 13,521.4 crore in Q2FY23. EBITDA tanked 58% to Rs 1,931.4 crore and margin contracted by 1,950 bps to 14.3% compared to year-ago period. JSPL has prepaid its entire overseas long term debt.



Zomato 

The food delivery giant posted net loss at Rs 251 crore for the quarter ended September FY23, narrowing sharply from loss of Rs 430 crore in same period last year with strong top line and improving operating performance. Revenue from operations for the quarter at Rs 1,661 crore increased by 62% over a year-ago period, and EBITDA loss narrowed to Rs 311 crore from loss of Rs 536 crore in the same period. Hence, the quarterly earnings included ~50 days of Blinkit financials.



Suzlon Energy 

The renewable energy solutions provider has recorded consolidated profit at Rs 57.4 crore for September FY23 quarter, against loss of Rs 10.6 crore in same period last year, led by tax write-back. Revenue from operations for the quarter increased by 6.1% to Rs 1,437.8 crore YoY.

Stock In Focus 

Adani Power 

The company has entered into a Memorandum of Understanding to sell its 100% equity stake in subsidiary, Support Properties (SPPL) to AdaniConnex. The transaction value is Rs 1,556.5 crore. ACX is a 50:50 joint venture between promoter group company Adani Enterprises, and EdgeConneX.



Alkem Laboratories Ltd 

The pharma company has received a Form 483 with three observations from the US FDA for St. Louis, USA manufacturing unit. The company said that there is no data integrity observation.



Steel Authority Of India Ltd 

The state-owned company reported a loss of Rs 329 crore for the quarter ended September, down from a profit of Rs 4,338.8 crore in the year-ago period. The company's total income also took a hit falling to Rs 26,642.

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