Rishi Sunak Set To Become Next UK Prime Minister As Penny Mordaunt Bows Out
Analysts Raise Target Prices For Kotak Mahindra Bank After Q2 Results
The market breadth is skewed in the favour of bulls. About 2,418 stocks rose, 588 fell and 127 remained unchanged.
Infosys has announced that it would extends its Living Labs ecosystem to help Australian start-ups to advance their go to market.
The launch was hosted in Infosys Living Lab in Melbourne in collaboration with its partner Telstra Ventures.
Start-ups from Infosys Innovation Networks pitched their products and services to Infosys' enterprise customers on the launch day.
Source: Exchange filing
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Reliance Industries Q2 FY23 (Consolidated, QoQ)
Revenue up 4.3% at Rs 2,32,863 crore, compared with Bloomberg estimate of Rs 2,25,825 crore.
Ebitda fell 25% to Rs 28,416 crore, compared with Bloomberg estimate of Rs 30,335.5 crore.
Ebitda margin 12.4% versus 15.6%
Net profit fell 20% to Rs 15,512 crore, compared with Bloomberg estimate of Rs 14,456.5 crore.
Hindustan Unilever Q2 FY23 (Consolidated, YoY)
Revenue up 16% at Rs 15,144 crore.
Ebitda up 8% to Rs 3,479 crore.
Ebitda margins at 23% versus 24.7 %
Net profit up 22% to Rs 2,665 crore.
Kotak Mahindra Bank Q2 FY23
Net Profit: Rs 2580.68 crore, compared with Bloomberg estimate of Rs 2,429.6 crore.
NII: 5,099 crore versus 4,021 crore (YoY)
GNPA: 2.08% versus 2.24% (QoQ)
NNPA: 0.55% versus 0.62% (QoQ)
Yes Bank Q2 FY23
Net Profit: Rs 152.82 crore versus Rs 225.5 crore (YoY)
NII: Rs 1,991 crore versus Rs 1,512 crore (YoY)
GNPA: 12.89% versus 13.45% (QoQ)
NNPA: 3.6% versus 4.7% (QoQ)
ICICI Bank Q2 FY23
Net profit: Rs 7,557.8 crore versus Rs 5,511 crore (YoY)
NII: Rs 14,787 crore versus 11,690 crore (YoY)
GNPA: 3.19% versus 3.41% (QoQ)
NNPA: 0.61% versus 0.7% (QoQ)
JSW Steel Q2 FY23 (Consolidated, YoY)
Revenues up 10% at Rs 41,778 crore.
Ebitda down 59% at Rs 1,752 crore,
Ebitda margin at 4.2%.
Net loss of Rs 848 crore against a net profit of Rs 9,791 crore
Torrent Pharmaceuticals Q2 FY23 (Consolidated, YoY)
Revenue up 7% at Rs 2,291 crore, compared with Bloomberg estimate of Rs 2,340 crore)
Ebitda up 5% to Rs 679 crore compared with Bloomberg estimate of Rs 698 crore.
Ebitda margins at 29.6% versus Bloomberg estimate of 29.8%.
Net profit down 1% to Rs 312 crore versus Bloomberg estimate of Rs 348 crore.
SBI Life Insurance Company Q2 FY23 (Consolidated, YoY)
Revenue rose 8% to Rs 27,525 crore.
Net profit up 52% at Rs 377 crore .
Solvency ratio 2.19 Vs 2.12
DLF Q2 FY23 (Consolidated, YoY)
Revenue fell 12% at Rs 1,302 crore.
Ebitda fell 5% at Rs 436.67 crore.
Ebitda margin 33.5% versus 31%
Net profit up 26% at Rs 477.04 crore.
United Spirits Q2 FY23 (Consolidated, YoY)
Revenue up 1% at Rs 8,283 crore.
Ebitda fell 7% at Rs 437.3 crore.
Ebitda margin 5.3% Vs 5.7%
Net profit up 90% at Rs 553.1 crore. Net profit for Q2 includes Rs 381.5 crore profit from slump sale of its 32 brands
Bajaj Holdings Q2 FY23 (Consolidated, YoY)
Revenue up 28% at Rs 188 crore.
Ebitda up 24% at Rs 151.08 crore.
Ebitda margin 81% Vs 83%
Net profit up 10% at Rs 1242.79 crore. Net profit for both quarters includes share of associates Bajaj Auto at Rs 1,200 crore and Rs 1,118 crore respectively.
VIP Industries Q2 FY23 (Consolidated, YoY)
Revenue up 56% at Rs 515 crore
Ebitda up 71% at Rs 71.58 crore
Ebitda margin 14% Vs 13%
Net profit up 2x at Rs 43.4 crore veresus Rs 18.54 crore
Declared interim dividend of Rs 2.5 per share of face value of Rs 2 each
Chalet Hotels (Consolidated QoQ)
Revenues down 2% at Rs 247.84 crore.
Net profit at Rs 15.73 crore versus loss of Rs 13.66 crore
Ebitda down 19% at Rs 87.71 crore.
Margins at 35.39% vs 43%
Tejas Networks (Consolidated QoQ)
Revenues up 75% at Rs 219.94 crore
Profit after tax at Rs 1.07 crore versus loss of Rs 6.64 crore
Ebitda at Rs 21.54 crore versus loss of Rs 7.32 crore
Margins at 9.8%
Credit Access Grameen (Consolidated)
Net interest income up 39.9% at Rs 516.2 versus Rs 368.9 (YoY)
Net profit up 171% at RS 172.03 crore (YoY)
GNPA at 2.17% versus 7.67% (QoQ)
NNPA at 0.77%
Stocks To Watch Today: HUL, ICICI Bank, JSW Steel, Kotak Mahindra Bank, RIL, SBI
Samvat 2079: All You Need To Know For Muhurat Trading Today