Stocks to watch today: The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 18,443, up 39.5 points or 0.21% from the previous close.
Q4FY23 earnings today
Bharti Airtel, LIC Housing Finance, Max Healthcare Institute, Bank of Baroda, Indian Oil Corporation, Jindal Steel & Power, JK Paper, Creditaccess Grameen, Alicon Castalloy, Amber Enterprises India, Aurionpro Solutions, Automotive Axles, Chemplast Sanmar, EIH Associated Hotels, Excel Industries, Granules India, Indo Rama Synthetics (India), Jubilant Ingrevia, Kajaria Ceramics, Kaynes Technology India, Metropolis Healthcare, Morepen Laboratories, MPS, Mukand, Navneet Education, Oberoi Realty, Paras Defence And Space Technologies, Prakash Industries, Redington, Safari Industries (India), Shanti Educational Initiatives, Sirca Paints India, Siyaram Silk Mills, Triveni Turbine, TV Today Network, V-Mart Retail.
Reliance Industries, ONGC: The government has cut windfall tax on petroleum crude to zero from Rs 4,100 per tonne with effect from May 16, according to a government notification. The windfall tax on petrol, diesel and aviation turbine fuel (ATF) was left unchanged at zero.
Suryoday Small Finance Bank: It posted a net profit of Rs 38.9 crore in fourth quarter ended March 2023 (Q4FY23) as against a net loss of Rs 48.1 crore in Q4FY22. The lender’s net interest income rose by 43.5 per cent year-on-year to Rs 210 crore, while other income rose by 69.5 per cent YoY to Rs 33.92 crore.
PVR Inox: Multiplex firm PVR Inox Ltd, on Monday, reported a widening in consolidated net loss at Rs 333 crore for the March quarter. The company reported a net loss of Rs 105 crore a year ago. The company’s consolidated total revenue from operation rose by 113 per cent to Rs 1,143 crore for the March quarter as compared to Rs 536 crore in the year-ago period.
Berger Paints: The company, on Monday, posted a consolidated net profit of Rs 186 crore for the March quarter, down 15 per cent from Rs 221 crore posted a year ago. The company’s consolidated revenue from operation rose by 11.7 per cent YoY to Rs 2,444 crore.
Pfizer: Drug firm Pfizer, on Monday, posted a consolidated net profit of Rs 130 crore for the March quarter, higher by 3 per cent YoY. Total income increased to Rs 604 crore as compared with Rs 567 crore in the year-ago period.
Karur Vysya Bank: Karur Vysya Bank, on Monday, posted a 59 per cent rise in net profit at Rs 338 crore for Q4FY23, compared to Rs 213 crore during the same time in FY22. The bank’s gross non-performing assets (NPA) in Q4 FY23 declined to 2.27 per cent (Rs 1,458 crore) as compared to 6.03 per cent (Rs 3,431 crore) a year ago.
HDFC: Mortgage lender HDFC will raise up to Rs 8,000 crore by issuing bonds on a private placement basis to shore up its resources. The unsecured redeemable non-convertible debentures (NCDs) issue will have a base size of Rs 3,000 crore with an option to retain over-subscription of up to Rs 5,000 crore.
HCL Technologies: The information technology company has expanded its long-standing partnership with SAP. As part of the expanded collaboration, HCLTech has become a customer of and a global strategic service partner for SAP SuccessFactors Human Experience Management Suite (SAP SuccessFactors HXM Suite).
Adani Enterprises: The Ministry of Finance, on Monday, differed with market regulator Sebi over Adani-Hindenburg row, and said it stands by its reply to Parliament in July 2021. Government had then stated that Securities and Exchange Board of India was investigating some Adani Group companies.
Wipro: It has announced that its FullStride Cloud Studio has partnered with Google Cloud’s Rapid Migration Program (RaMP) to help clients accelerate their journey to the cloud and pursue a migration strategy anchored in business outcomes.
Indiabulls Housing Finance: The company’s Board of Directors will meet on May 22 to consider issuance of secured and/or unsecured bonds, in one or more tranches to raise funds. It will also consider and approve audited financial results of the company for the quarter and financial year ended March 31, 2023.
Ultratech Cement: Ultratech Nathdwara Cement, the company’s wholly owned subsidiary commissioned a brownfield cement facility with annual capacity of 0.8 million tonnes in Neem Ka Thana, Rajasthan. The company’s total grey cement manufacturing capacity now stands at 129.95 million tonnes per annum.
NIIT: The company bought remaining 10 per cent stake in RPS Consulting for a fixed consideration of Rs 15 crore, and a performance based earnout consideration of up to Rs 3.71 crore, payable over the next two years. NIIT now owns 100 per cent stake in RPS Consulting.
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