Handy futures on the Singapore Exchange traded 86.5 points, or 0.48 percent higher at 18,289.5, indicating Dalal Street was off to a positive start on Monday.
Results today
Coal India, Divis Laboratories, One 97 Communications (Paytm), PB Fintech (Policybazaar), Bharat Petroleum Corporation, Aditya Birla Capital, Affle India, Ceat, Cera Sanitaryware, Endurance Technologies, Greenply Industries, India Cements, KEC International, RateGain Travel Technologies , Sun Pharma Advanced Research Company, Sundaram-Clayton, Tata Teleservices (Maharashtra), Ujjivan Small Finance Bank and Vascon Engineers will be sharp for September FY23 quarterly results on Nov.
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National Bank of India
The country’s largest bank reported its highest-ever quarterly net profit of Rs 13,265 crore, up 74 percent year-on-year, as loan loss provisions fell sharply by 25 percent over the same period. Second quarter operating profit of 23 at Rs 21,120 crore increased by 16.82 percent year-on-year and net interest income increased by 12.83 percent year-on-year to Rs 35,183 crore, with loan portfolio growing 20 percent and deposits up 10 percent increased over the same period.
Tata Motors
The homegrown automaker said it has increased the prices of its passenger cars effective Nov. 7. The weighted average increase will be 0.9 percent, depending on the variant and model.
Bank of Baroda
The public sector company posted earnings growth of 59 per cent at Rs 3,313 crore for the quarter ended September FY23 as total provisions at Rs 1,628 crore fell 41 per cent year on year and other revenues fell 18.4 per cent to Rs 745 crore in the same period. Net interest income for the quarter rose 34.5 percent year-on-year to Rs 10,174 crore, with global deposits growing 13.6 percent and global advances growing 19 percent year-on-year.
Power Grid Corporation of India
The state-owned company reported 8 percent year-over-year growth in consolidated earnings of Rs 3,650 crore for the quarter ended September FY23, with EBITDA growing 3.4 percent year-on-year to Rs 9,426 crore in the same quarter. The operating income of Rs 11,151 crore increased by 8.6 percent compared to the same period a year ago.
Britannia Industries
The food company posted 28.5% year-over-year growth in consolidated profit of Rs 490.6 crore for the quarter ended September FY23, driven by strong operating performance and sales. Consolidated revenue of Rs 4,379.6 crore for the quarter was up 21.4 percent compared to the same period last year, aided by mid-single digit volume growth, with market share reaching its new 15-year high. EBITDA of Rs 711.7 crore for the quarter grew 27.5 percent and margin increased 78 bps year-over-year to 16.25 percent in Q2FY23.
DreamFolks Services
The airport lounge access aggregator posted a massive 745 percent year-over-year growth of Rs 14.78 crore for the quarter ended September FY23 as its operating and revenue numbers were strong. Operating revenue increased 183 percent to Rs 171.24 crore during the year-over-year quarter, while EBITDA increased 195 percent to Rs 21.1 crore and margin nearly doubled to 12.33 percent compared to the same period last year, thanks to a healthy growth in the number of passengers using lounge access and other contact points.
TVS Motor Company
The two-and-tricycle company reported a 59.3 percent year-over-year increase in consolidated profit of Rs 373.4 crore for the quarter ended September FY23, supported by strong operating and revenue performance. Revenue for the quarter at Rs 8,561 crore increased by 32 percent compared to the same period last year and EBITDA increased by 31 percent to Rs 737 crore in the same period.
InterGlobe Aviation
The IndiGo operator posted a loss of Rs 1,583 crore for the quarter ended September FY23 (including exchange rate loss of Rs 1,201.5 crore), broadened from Rs 1,435.7 crore in the same period last year, while EBITDAR was up 33 in the same period. per cent fell to Rs 229.2 crore during the period with higher fuel prices, but operating revenues rose 122.8 per cent year-on-year in the quarter to Rs 12,497.6 crore.
Titan Company
The company posted 30.3 percent year-over-year growth in consolidated profit of Rs 835 crore for the quarter ended September FY23, despite higher input costs, supported by strong business performance and revenue growth. Total revenues for the quarter were up 22 percent year-on-year to Rs 9,224 crore, with the jewelry trade growing 18 percent and the watches and wearables segment showing a 21 percent year-over-year growth.
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