Results scheduled for April 28th-29th
28th April: Ahead of March quarter earnings on April 28th, attention will be on a group of companies including UltraTech Cement, SBI Cards and Payment Services, CSB Bank, L&T Finance Holdings, Mahindra & Mahindra Financial Services, Vedant Fashions, Atul, CarTrade Tech, eMudhra, Himadri Speciality Chemical, Ramkrishna Forgings, Star Health and Allied Insurance Company, and Tata Metaliks.
29th April: Ahead of March quarter earnings on April 29th, the spotlight will be on several companies including Kotak Mahindra Bank, IDBI Bank, RBL Bank, IDFC First Bank, Aarti Drugs, Central Bank of India, GHCL, Meghmani Organics, Parag Milk Foods, Rossari Biotech, and Satin Creditcare Network.
Wipro
According to the company’s statement, Wipro has reported its Consolidated Quarterly Results for March 31, 2023, revealing an increase in total income from Rs. 23687.3 Crores as of December 31, 2022, to Rs. 23835.6 Crores as of March 31, 2023. While the net profit for the company has decreased from Rs. 3052.9 Crores as of December 31, 2022, to Rs. 3074.5 Crores as of March 31, 2023, the earnings per share (EPS) have improved, rising from Rs. 5.57 on December 31, 2022, to Rs. 5.61 on March 31, 2023.
Axis Bank
As per the company’s statement, Axis Bank has released its Consolidated Quarterly Results for March 31, 2023, disclosing an increase in total income from Rs. 28083.94 Crores as of December 31, 2022, to Rs. 30125.55 Crores as of March 31, 2023. Although the net profit for the company has decreased from Rs. 6187.38 Crores as of December 31, 2022, to Rs. -5361.85 Crores as of March 31, 2023, the earnings per share (EPS) have improved, rising from Rs. 19.88 on December 31, 2022, to Rs. -17.43 on March 31, 2023.
HFCL
The leading private telecom operator in India has awarded purchase orders worth Rs 65.72 crore to the company and its material subsidiary HTL for the supply of optical fiber cables. The orders were received from Reliance Retail.
Bajaj Finserv
According to the company’s statement, Bajaj Finserv has released its Consolidated Quarterly Results for March 31, 2023, revealing an increase in total income from Rs. 21755.35 Crores as of December 31, 2022, to Rs. 23624.95 Crores as of March 31, 2023. While the net profit for the company has decreased from Rs. 1782.02 Crores as of December 31, 2022, to Rs. 1768.95 Crores as of March 31, 2023, the earnings per share (EPS) have improved, rising from Rs. 11.2 on December 31, 2022, to Rs. 11 on March 31, 2023.
Hindustan Unilever
Hindustan Unilever has released its Consolidated Quarterly Results for March 31, 2023, revealing an increase in total income from Rs. 15707 Crores as of December 31, 2022, to Rs. 15375 Crores as of March 31, 2023. While the net profit for the company has decreased from Rs. 2474 Crores as of December 31, 2022, to Rs. 2600 Crores as of March 31, 2023, the earnings per share (EPS) have improved, rising from Rs. 10.53 on December 31, 2022, to Rs. 11.06 on March 31, 2023.
Adani Green
The Adani Group is seeking to raise approximately $800 million to finance its upcoming green energy initiatives. This could be the conglomerate’s largest borrowing to date since it was targeted by a short-seller earlier this year. The company, led by Gautam Adani, is currently in discussions with several global banks, including DBS Bank Ltd., Mitsubishi UFJ Financial Group, Standard Chartered Plc, and Sumitomo Mitsui Banking Corp.
Godrej Consumer Products
The acquisition of Raymond Consumer Care’s FMCG business by the company has been confirmed, with the deal expected to be completed by May 10. The acquisition is valued at Rs. 2,825 crore.
Tech Mahindra
The IT services provider’s consolidated profit has declined by 13.8% sequentially to Rs. 1,117.7 crore due to weak operating performance and lower revenue growth. The numbers fell short of analysts’ expectations on all fronts. The company’s revenue during the quarter dropped by 0.1% QoQ to Rs. 13,718.2 crore. The revenue growth in constant currency terms stood at 0.3%, and the deal wins were at $582 million in Q4FY23.
ACC Ltd
ACC Ltd’s net profits for the quarter ending in December were reported at ₹236 Crore, substantially lower than the ₹396 Crore reported in the same quarter of the previous year due to higher costs. However, profits rebounded well on a sequential basis, more than doubling from ₹113 Crore in the previous quarter. The reported Ebitda for the quarter was ₹588 crore, down 15.5% YoY, but showed an improvement of more than 40% on a sequential basis.
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