Shares of Pfizer Ltd. fell as much as 4% after the company's net profit missed estimates on one-time expenses.
(Consolidated figures, YoY)
Revenue down 21% at Rs 593 crore
Net profit down 84% at Rs 32.5 crore
Total costs down 13% at Rs 431 crore
There were two one-time expenditures during the quarter:
Rs 129.85 crore on account of Voluntary Retirement Scheme.
Additional charge of Rs 6.48 crore (net) on account of restructuring to drive business transformation
(Consolidated figures, YoY)
Revenue up 257% at Rs 2,770 crore vs Rs 774 crore
Net profit at Rs 124 crore vs loss of Rs 510 crore
Total costs up 112% to Rs 264 crore vs Rs 125 crore
Shares of Venky's india fell 11%, the most since November, as the company's Q1 profit declined on high bird feed prices.
The poultry firm posted a net profit of Rs 49.2 crore versus Rs 55.1 crore a year ago. Its revenue grew 11% to Rs 1,200 crore while costs grew to Rs 1,140 crore from Rs 1,020 crore in the same period last year.
"The poultry and poultry products segment witnessed lower realisations from the sale of day old chicks of layer and broiler and grown up broilers. High prices of feed ingredients (maize and soya), has resulted in lower profitability," the company said.
Q1FY2023 (Consolidated, YoY)Revenue up 14% at Rs 399 crore Vs Rs 349 crore (BBG estimate : Rs 388 crore)
Net profit down 11% to Rs 95 crore Vs Rs 107 crore (BBG estimate : Rs 101 crore Profit)
EBITDA up 2% to Rs 129 crore from Rs 127 crore (BBG estimate : Rs 129 crore Profit)
Margins at 32.4% Vs 36.2% (BBG estimate : 33.3%)
Declared interim dividend of Rs 7.35 per share of face value Re 1 each
Revenue up 14% at Rs 399 crore Vs Rs 349 crore (BBG estimate : Rs 388 crore)
Net profit down 11% to Rs 95 crore Vs Rs 107 crore (BBG estimate : Rs 101 crore Profit)
EBITDA up 2% to Rs 129 crore from Rs 127 crore (BBG estimate : Rs 129 crore Profit)
Margins at 32.4% Vs 36.2% (BBG estimate : 33.3%)
Declared interim dividend of Rs 7.35 per share of face value Re 1 each
Source: Exchange filing
The broader indices outperformed their larger peers, with MidCap gauge adding 0.25% and SmallCap index rising 0.6%. Twelve of the 19 sectoral indices compiled by BSE rose with Telecom index jumping 1.3%.
The market breadth is skewed in the favour of bulls. About 1,939 stocks rose, 1,290 fell and 164 remained unchanged.
M&M Q1FY23 (Standalone, QoQ)Net Profit rose 11% to Rs 1,430 crore from Rs 1,292 crore (Bloomberg estimate: Rs 1,540 crore)
Revenue increased 15% to Rs 19,613 crore from Rs 17,124 crore (Estimate: Rs 19,926 crore)
Operating profit rose 20% to Rs 2,341 crore from Rs 1,946 crore (Estimate: Rs 2,461 crore)
Operating margin expanded to 11.9% from 11.4% (Estimate: 12.4%)
Net Profit rose 11% to Rs 1,430 crore from Rs 1,292 crore (Bloomberg estimate: Rs 1,540 crore)
Revenue increased 15% to Rs 19,613 crore from Rs 17,124 crore (Estimate: Rs 19,926 crore)
Operating profit rose 20% to Rs 2,341 crore from Rs 1,946 crore (Estimate: Rs 2,461 crore)
Operating margin expanded to 11.9% from 11.4% (Estimate: 12.4%)
Source: Exchange filing
Current account deficit likely to remain at sustainable levels as per RBI’s forecasts.
Cannot spell out forecast for current account deficit.
Two months of trade data cannot be extrapolated to current account deficit for the full year.
Source: RBI Press Conference
RBI Monetary Policy Live: RBI Hikes Repo Rate By 50 Basis Points To 5.4%
The MidCap index almost mirrored its larger peers while SmallCap gauge outperformed jumping 0.5%. Fourteen of the 19 sectoral indices compiled by BSE Ltd. advanced with Metal and Telecom measures gaining nearly 1%.
The market breadth is skewed in the favour of bulls. About 1,679 stocks rose, 730 fell and 99 remained unchanged.
Indian currency appreciates 44 paise to 79.02 against the greenback.
Source: Bloomberg
Mahindra & Mahindra, One97 Communications, FSN E-Commerce Ventures, Titan, Fortis Healthcare, Alkem Laboratories, Indigo Paints, Greenply Industries, Engineers India, Chemplast Sanmar, CCL Products, Caplin Point Laboratories, CAMS, BLS International Services, Automotive Axles, Aptus Value Housing Finance, Akzo Nobel, Pfizer, Petronet LNG, Paisalo Digital, Motherson Sumi Wiring India, C.E. Info Systems, Jindal Saw, Jubilant Ingrevia, Kirloskar Ferrous, Zensar Technologies, UCO Bank, Rolex Rings, Raymond
Adani Enterprises: The company, through its subsidiary Adani Road Transport signed a share purchase agreement with Macquarie Asia Infrastructure Fund India to 100% stake in Andhra Pradesh toll roads portfolio and 56.8% stake in Gujarat Road and Infrastructure. Total consideration is Rs 3,110 crore.
Adani Ports & SEZ: AD Ports and Adani Ports signed a key agreement for strategic joint investments in end-to-end logistics infrastructure and solutions in Tanzania. It will include rail, maritime services, port operations, digital services, an industrial zone and the establishment of maritime academies in Tanzania.
Axis Bank: The bank has terminated the agreement with OpenPayd Holdings for sale of its UK arm. The parties have mutually decided not to go ahead with the transaction. The bank will now initiate the winding up process of Axis Bank UK
Berger Paints: The company has appointed Vikash Sarda as the Chief Financial Officer with effect from October 1.
Adani Enterprises Q1 FY23 (Consolidated, QoQ)
Revenue up 64% at Rs 40844.25 crore Vs Rs 24,865.52 crore
EBITDA up 38% at Rs 1,742.39 crore Vs Rs 1,262.44 crore
EBITDA margin 4.3% Vs 5%
Net profit up 54% at Rs 469.46 crore Vs Rs 304.32 crore
Container Corporation of India Q1 FY23 (Consolidated, YoY)
Revenue up 10% at Rs 1,993.99 crore Vs Rs 1,819.94 crore (Bloomberg estimate: Rs 2,059.9 crore)
EBITDA up 9% at Rs 478.75 crore Vs Rs 438.2 crore (Bloomberg estimate: Rs 332.8 crore)
EBITDA margin 24% flat
Net profit up 15% at Rs 297.08 crore Vs Rs 259.23 crore
Declared interim dividend of Rs 2 per share of face value of Rs 5 each
Dalmia Bharat Q1 FY23 (Consolidated, YoY)
Revenue up 27% at Rs 3,302 crore Vs Rs 2,591 crore (Bloomberg estimate: Rs 3,191.7 crore)
EBITDA fell 18% at Rs 589 crore Vs Rs 717 crore (Bloomberg estimate: Rs 535.6 crore)
EBITDA margin 18% Vs 28%
Net profit fell 27% at Rs 196 crore Vs Rs 269 crore (Bloomberg estimate: Rs 144.4 crore)
Gujarat Alkalies & Chemicals Q1 FY23 (Consolidated, YoY)
Revenue up 58% at Rs 1128.33 crore Vs Rs 716.44 crore
EBITDA up 3x at Rs 381.76 crore Vs Rs 126.96 crore
EBITDA margin 34% Vs 18%
Net profit up 3x at Rs 190.87 crore Vs Rs 63.12 crore
Gujarat State Petronet Q1 FY23 (Consolidated, YoY)
Revenue up 63% at Rs 5,669.6 crore Vs Rs 3,481.66 crore
EBITDA fell 12% at Rs 973.51 crore Vs Rs 1101.21 crore
EBITDA margin 17% Vs 32%
Net profit fell 7% at Rs 473.12 crore Vs Rs 509.46 crore
BEML Q1 FY23 (Consolidated, YoY)
Revenue up 43% at Rs 669.18 crore Vs Rs 467.19 crore
EBITDA loss fell 16% at Rs 55.79 crore Vs Rs 66.1 crore
EBITDA margin -8% Vs -14%
Net loss fell 12% at Rs 82.36 crore Vs Rs 94.01 crore
Bayer Cropscience Q1 FY23 (Consolidated, YoY)
Revenue up 18% at Rs 1,667.4 crore Vs Rs 1,415.9 crore
EBITDA up 23% at Rs 395.10 crore Vs Rs 322.3 crore
EBITDA 24% Vs 23%
Net profit up 19% at Rs 302.6 crore Vs Rs 253.7 crore
Balkrishna Industries Q1 FY23 (Consolidated, YoY)
Revenue up 45% at Rs 2,619.43 crore Vs Rs 1,802.87 crore
EBITDA fell 13% at Rs 443.98 crore Vs Rs 511.17 crore
EBITDA margin 17% Vs 28%
Net profit fell 7% at Rs 306.96 crore Vs Rs 330.56 crore
Declared interim dividend of Rs 4 per share of face value of Rs 2 each
Alembic Pharma Q1 FY23 (Consolidated, YoY)
Revenue fell 5% at Rs 1262.14 crore Vs Rs 1326.03 crore
EBITDA fell 94% at Rs 14.65 crore Vs Rs 233.75 crore
EBITDA margin 1% Vs 18%
Net loss 65.88 crore Vs net profit of Rs 158.27 crore
Manappuram Finance Q1 FY23 (Consolidated, YoY)
Revenue fell 11% at Rs 1,099.11 crore Vs Rs 1,233.07 crore
EBITDA fell 21% at Rs 764.15 crore Vs Rs 962.02 crore
EBITDA margin 70% Vs 78%
Net profit fell 32% at Rs 290.12 crore Vs Rs 425.21 crore
LIC Housing Finance Q1 FY23 (Consolidated, YoY)
Revenue up 9% at Rs 5,255.11 crore Vs Rs 4,828.54 crore
EBITDA up 27% at Rs 4,750.88 crore Vs Rs 3,717.23 crore
EBITDA margin 90.4% Vs 77%
Net profit up 6x at Rs 926.89 crore Vs Rs 151.07 crore
Asian equities rose amid slew of earnings and decisions from central banks to tackle inflation.
Shares gained in Japan, South Korea and Australia. U.S. futures were volatile after the S&P 500 ended little changed.
At 7:20 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 0.30% higher at 17,449.50 points. The West Texas Intermediate crude was at $88.48 a barrel, down 0.1%
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