Share Market News, Quarterly Results News

24January 23

FII & DII DATA 

FII Net SELL - 760.51cr
DII Net BUY - 1144.75cr

25 January 2022 

Today Results 

20 Microns
Amara Raja Batt
Apcotex Ind
Arvind
Bajaj Auto
Benares Hotels
Bikaji Foods
Blue Dart
Ceat
Chennai Petro
Cipla
Cybertech
Dr Reddys Labs
eMudhra
InfoBeans Tech
Jindal Saw
Johnson Control
Jyothy Labs
Kirloskar Pneum
MPS
Patanjali Foods
Shanthi Gears
Sirca Paints
Subros
Sundaram-Clayto
Swaraj Engines
Swastika Invest
Tata Elxsi
Tata Motors
Tata Steel Long
TeamLease Ser.
Thirumalai Chem
Torrent Pharma
Ugro Capital
VIP Industries
VST
Welcast Steels

Share Market News, Quarterly Results News 

Barbeque-Nation Hospitality 

Anurag Mittal has resigned as Chief Financial Officer of the Barbeque-Nation Hospitality. He will cease to be Chief Financial Officer from February 7, 2023. The company will release its quarterly earnings scorecard on February 7.


Pidilite Industries 

 The adhesives, sealants and construction chemicals manufacturer has reported a 14.3% year-on-year decline in consolidated profit at Rs 307.7 crore for quarter ended December FY23, impacted by lower operating margin. Revenue grew by 5.2% to Rs 2,998 crore compared to year-ago period with C&B business growing at 7%, as in Q3FY22, it had registered very high growth as a result of trade increasing inventory stocking because of substantial price increases in the quarter. Overall numbers missed analysts' expectations.


TVS Motor Company 

 The two-and-three-wheeler manufacturer has clocked a 22% year-on-year growth in standalone profit at Rs 352.8 crore for December FY23 quarter despite higher input cost. Revenue from operations grew by 14.7% to Rs 6,545 crore compared to year-ago period, with volume rising 0.09% to 8.79 lakh YoY. Operating profit at Rs 659 crore increased by 16% with margin expansion of 10 bps at 10.1% compared to same period last year. The board members have declared an interim dividend of Rs 5 per share.


Indus Towers 

The mobile tower installation company has posted consolidated loss of Rs 708.2 crore for quarter ended December FY23 against profit of Rs 1,570.8 crore in same period last fiscal, as the company made doubtful debt provision of Rs 2,298 crore against receivables from one of the telecom companies. Revenue fell 2.3% YoY to Rs 6,765 crore for the quarter, and EBITDA tanked 68% to Rs 1,185.8 crore compared to year-ago period.


Sonata Software 

 The company has appointed Samir Dhir as MD & CEO, and Srikar Reddy as executive vice chairman with effective from February 14, 2023. Currently Samir Dhir is the Whole-time Director & CEO and Srikar Reddy is the current Managing Director and a member of the board of directors.


Tatva Chintan pharma Chem 

 The specialty chemical company has reported a 49% year-on-year decline in consolidated profit at Rs 11.6 crore for quarter ended December FY23, impacted by weak operating performance. Revenue at Rs 120.6 crore grew by 15% over a year-ago period and EBITDA fell by 25% YoY to Rs 17.9 crore for the quarter.


Bharti Airtel 

 The telecom operator has confirmed that it has raised minimum tariff plans in 7 circles. According to a CNBC-TV18 report, Airtel has raised minimum tariff plan to Rs 155 from Rs 99-111 earlier. The company's spokesperson said that they have discontinued metered tariff & introduced an entry-level plan of Rs 155 in 7 circles.


Nazara Technologies 

 The gaming and sports media platform has clocked a 76% year-on-year growth in consolidated profit at Rs 18.1 crore for quarter ended December FY23 despite weak operating performance, led by topline and other income. Revenue from operations at Rs 315 crore grew by 69.4% compared to year-ago period. Operating profit increased by 3.4% YoY to Rs 30.1 crore and margin fell 6 percentage points YoY to 9.6% for the quarter.


Quick Heal Technologies

The cybersecurity software company has posted consolidated loss of Rs 9.3 crore for quarter ended December FY23, against profit of Rs 14.3 crore in corresponding period last fiscal. Revenue fell 16.1% to Rs 66.8 crore compared to year-ago period, while EBITDA loss at Rs 11.4 crore for the quarter against profit of Rs 20.5 crore in same period last fiscal.


Rail Vikas Nigam 

Rail Vikas Nigam bags Rs 38.4 crore worth order from Southern Railway. The company has received letter of award for provision of automatic block signalling with dual MSDAC, EI/OC interface and block optimization in Arakkonam Junction-Nagari section of Chennai division in Southern Railway. The cost of the project is Rs 38.4 crore.

Motilal Oswal Financial Services 
 
 The company has recorded a 5.5% year-on-year decline in consolidated profit at Rs 226.5 crore for quarter ended December FY23. Consolidated revenue from operations grew by 4.6% to Rs 1,072.1 crore compared to same period last fiscal. The company received board approval for an interim dividend of Rs 7 per share.


United Spirits 

The alcoholic beverages company has reported a 64.4% year-on-year decline in standalone profit at Rs 110.5 crore for December FY23 quarter impacted by lower revenue and weak operating performance. Revenue from operations at Rs 6,612 crore fell by 25.3% compared to year-ago period and revenue (excluding excise duty) declined 3.5% YoY. The company approved sale of entire shareholding in subsidiary Sovereign Distilleries, to Girish Jain and M Sukumar, the sole proprietor of Sri Lakshya Traders, for Rs 32 crore.


Sasken Technologies 

 The company has clocked a 3.9% year-on-year growth in consolidated profit at Rs 31.3 crore for quarter ended December FY23 despite weak operating performance, driven by higher topline and other income. Revenue grew by 15.5% YoY to Rs 122.8 crore in Q3FY23.


Sonata Software 

The company has appointed Samir Dhir as MD & CEO, and Srikar Reddy as executive vice chairman with effective from February 14, 2023. Currently Samir Dhir is the Whole-time Director & CEO and Srikar Reddy is the current Managing Director and a member of the board of directors.


Macrotech Developers 

 The real estate developer has registered a 41.7% year-on-year growth in consolidated profit at Rs 404.5 crore despite lower revenue and weak operating performance, supported by other income and lower tax cost. Revenue for the quarter at Rs 1,774 crore declined 14%, but pre-sales grew by 16% YoY to Rs 3,035 crore compared to year-ago period. The company reduced net debt by Rs 753 crore to Rs 8,042 crore.

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