30 January 2023
FII & DII DATA
FII Net SELL - 6792.8cr
DII Net BUY - 5512.63cr
31 January 2023
Today Results
ACC
Andhra Paper
Apar Ind
Automotive Axle
BASF
Blue Star
Carborundum
Century
Chola Invest.
Cigniti Tech
Coal India
Edelweiss
Dhanlaxmi Bank
GE Shipping
Godrej Consumer
GPT Infra
Guj Heavy Chem
Hester Bio
IFB Agro
Indian Hotels
IOC
Jindal Steel
JSW Holdings
Jubilant Ing.
Kaynes Tech
KEC Intl
KPIGREEN
KPIT Tech
Kokuyo Camlin
Max Financial
MOIL
NIIT
P and G
Power Grid Corp
Rajapalayam
Railtel
Shriram Finance
Spandana Sphoor
Star Health
Sun Pharma
Sunteck Realty
TCI Express
Tega Industries
TTK Prestige
UPL
Valiant Organic
Venus Pipes
Welspun Enter
Westlife Food
Quarterly Results News
Larsen & Toubro
The infrastructure major has reported a robust 24% year-on-year growth in consolidated profit at Rs 2,553 crore despite weak operating margin performance. Consolidated revenues at Rs 46,390 crore for the quarter grew by 17% YoY aided by improved execution in the infrastructure projects segment and continued growth momentum in the IT&TS portfolio. The company received orders worth Rs 60,710 crore during the quarter, a 21% YoY growth, taking the consolidated order book to Rs 3.86 lakh crore as of December FY23.
Aditya Birla Fashion and Retail Ltd
The company on Monday announced appointments of Ananyashree Birla and Aryaman Birla, children of its Chairman Kumar Mangalam Birla, as additional non-executive directors on its board.
Maruti Suzuki
Japanese auto major Suzuki Motor Corporation on Monday said its subsidiary Maruti Suzuki India has crossed 2.5 crore domestic sales milestone earlier this month. Maruti Suzuki India achieved the sales mark on January 9, 2023.Suzuki had signed a joint venture agreement with Maruti Udyog, the predecessor of Maruti Suzuki in 1982 and rolled out its first car -- Maruti 800 -- in December 1983.
Adani Enterprises
Abu Dhabi based International Holding Company PJSC has subscribed to 16 percent of Adani Enterprises' Further Public Offering (FPO) by investing a sum of $400 million. IHC CEO Syed Basar Shueb said that they are confident in the fundamentals of Adani Enterprises and that they see a strong potential for growth from a long-term perspective and add value to their shareholders.
BPCL
Earnings beat led by the refining segment. Reported GRMs of $15.5 per barrel were ahead of the $15 estimate. Marketing volumes were also up 12 percent sequentially, higher than the estimate of 8 percent growth. Petrol margin at Rs 10 per litre while it lost Rs 6 per litre on diesel. December quarter numbers were ahead of estimates on most fronts, barring revenue, which was marginally lower to in-line.
Ultra Tech
Leading cement manufacturer on Monday, January 30, said it has entered into a share sale and purchase agreement with Seven Seas Company LLC, Oman for acquisition of 70 percent equity shares in Duqm Cement Project International, LLC, Oman for $2.25 million. The acquisition is being done for the purpose of raw material security. The target company does not have any revenue over the last three years. The acquisition will be completed in 90 days from the date of the share sale and purchase agreement.
Tech Mahindra
The IT services company has clocked a 0.9% sequential growth in consolidated profit at Rs 1,297 crore for quarter ended December FY23, with revenue rising 4.6% QoQ to Rs 13,735 crore, beating analysts' estimates. Revenue in dollar terms grew by 1.8% QoQ to $1,668 million with constant currency revenue growth at 0.2%. Operating numbers were ahead of expectations while deal wins at $795 million for the quarter.
REC
The power projects finance company has recorded a 4% year-on-year growth in standalone profit at Rs 2,878 crore for quarter ended December FY23, with weak topline. Standalone revenue from operations at Rs 9,695 crore fell by 3.1% compared to year-ago period.
Trident
The company reported a 32% year-on-year decline in consolidated profit at Rs 144.2 crore for quarter ended December FY23, impacted by weak topline and operating performance. Revenue from operations at Rs 1,641 crore fell by 17% compared to year-ago period.
Inox Leisure
The multiplex chain operator has reported a net loss of Rs 40.4 crore for quarter ended FY23 against loss of Rs 1.3 crore in same period last year, impacted by exceptional loss related to amalgamation expenses. Revenue grew by 74% YoY to Rs 515.6 crore for the quarter, with highest ever quarterly average ticket price of Rs 230 and highest ever quarterly spends per head at Rs 106.
Astec Lifesciences
The company has received board approval to raise funds - Rs 50 crore - through issuance of non-convertible debentures (NCD) for expansion and development of business operations and meeting the short term and long-term financial requirements. The company recorded consolidated profit at Rs 0.85 crore for quarter ended December FY23, falling 97% YoY on lower topline. Revenue from operations at Rs 117.2 crore for the quarter grew by 32.4% YoY.
Cupid
The company reported a massive 302% year-on-year growth in profit at Rs 10.03 crore for December FY23 quarter aided by healthy operating performance. Revenue from operations grew by 16% YoY to Rs 42.9 crore for the quarter.
Stocks In News
Life Insurance Corporation of India
LIC's total holding under equity and debt is Rs 35,917.31 crore under Adani group of companies as of December FY23. The total purchase value of equity under all the Adani group companies is Rs 30,127 crore and the market value for the same as at close of market hours on January 27 was Rs 56,142 crore.
KEC International
The infrastructure EPC major and an RPG Group company secured new orders of Rs 1,131 crore across various businesses including transmission and distribution, and civil. With these orders, the YTD order intake stands at over Rs 15,500 crore, a growth of 10% YoY.
Orient Electric
The company recorded a 14.5% year-on-year decline in profit at Rs 32.56 crore for December FY23 quarter, impacted by weak operating performance. Revenue from operations at Rs 739 crore for the quarter increased by 9% over a year-ago period.
Mangalore Refinery & Petrochemicals
The subsidiary of ONGC has posted standalone loss of Rs 188 crore for December FY23 quarter, narrowing from loss of Rs 1,789 crore in previous quarter with improving operating performance. Revenue from operations grew by 8% QoQ to Rs 26,557.4 crore for the quarter.
Dhampur Sugar Mills
The sugar company has registered a 20% year-on-year fall in profit at Rs 46.4 crore for quarter ended December FY23 with 14% decline in operating profit and tepid topline. Revenue from operations grew by 2% YoY to Rs 642 crore for the quarter.
IIFL Finance
The company has clocked a massive 37% year-on-year growth in profit at Rs 423.2 crore for quarter ended December FY23, with revenue from operations rising 18% YoY to Rs 2,121 crore for the quarter. Pre-provision operating profit at Rs 773 crore grew by 26% YoY. Overall core loan portfolio grew by 26% YoY, but non-core (primarily construction & real estate finance) portfolio shrunk by 7%. Asset quality improved with gross non-performing
assets (NPA) falling 30 bps QoQ to 2.1% and net NPA declining 10 bps QoQ to 1.1% for the quarter.
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