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Futures on the Singapore Exchange traded 56.5 points, or 0.31 percent lower, at 18,137, signaling that Dalal Street is headed for a negative start on Thursday.
Results of Q2 today
Eicher Motors, Zomato, Adani Green Energy, Apollo Hospitals Enterprise, Ashok Leyland, Aster DM Healthcare, Bata India, Mrs. Bectors Food Specialties, Berger Paints India, Campus Activewear, Container Corporation of India, Gujarat State Petronet, Gujarat Gas, Hotels India, Jindal Steel & Power, Kalpataru Power Transmission, Kalyan Jewelers India, Linde India, Mazagon Dock Shipbuilders, Muthoot Finance, NHPC, Oil India, Page Industries, Power Finance Corporation, RITES, SAIL, Suzlon Energy, Torrent Power, and Trent will be in focus ahead of earnings in the 23-month quarter. September of November 10.
Tata Motors
The passenger and commercial vehicle maker posted a net loss of Rs 944.6 crore for the quarter ended September FY23, narrowing from a loss of Rs 4,441 crore in the same period last year, on strong operations and top performance. Operating income at Rs 79,611 crore for the quarter increased by 30 percent and EBITDA increased by 35.4 percent to Rs 5,572 crore compared to the same period last year. Jaguar Land Rover’s revenue was 5.3 billion pounds up 36 percent YoY for the quarter with EBITDA margin at 10.3 percent up 300 bps YoY. Tata Motors will withdraw its American depositary shares from the New York Stock Exchange.
Tata Power Company
The company said its subsidiary Tata Power Renewable Energy has received a ‘Letter of Award’ from the Maharashtra State Electricity Distribution Corporation (MSEDCL) to set up a 150MW solar power project in Solapur, Maharashtra. The project will be awarded within 18 months from the date of implementation of the PPA.
The happiest mental technology
The company has announced a partnership with Singapore-based ESG (Environmental, Social and Governance) solutions provider CredQuant for BFSI (Banking, Financial Services and Insurance) clients. This collaboration with CredQuant will help BFSI clients in solving ESG audits, ESG rating models, sustainability disclosure and reporting, impact reporting and carbon emissions.
Piramal Enterprises
The company reported a consolidated loss of Rs 1,536.4 crore for the quarter ended September FY23, the impact of off-balance sheet financial instruments, net loss from changes in fair value, and higher other expenses. It had a gross profit of Rs 426.5 billion last year. Revenue increased by 20.3% to 1,893.7 billion rupees compared to the same period last year.
Pidilite Industries
The company recorded an 11.3 per cent year-on-year decline in consolidated profit at Rs 332.4 crore for the quarter ended September FY23, skewed by weak performance. Profit and operating income missed analysts’ estimates, while revenue was in line with estimates. Revenue of 3,011.2 billion rupees for the quarter increased by 14.6 percent compared to the previous period. EBITDA declined by 9.1 percent to Rs 500 crore and margin declined by 430 bps to 16.6 percent YoY in Q2FY23.
Narayana Hrudayalaya
The healthcare provider posted a 70 per cent year-on-year growth in gross profit at Rs 168.8 crore for the quarter ended September FY23, led by healthy operations and higher traffic. Total revenue from operations increased by 21.4 percent to Rs 1,141.5 crore and EBITDA at Rs 274.9 billion, an increase of 51.9 percent compared to the previous period.
Port Gujarat Pipavav
The company recorded 58.5 percent year-on-year gross profit growth at Rs 72.1 crore for the last quarter of FY23 with revenue for the quarter rising 16.7 percent to Rs 227.3 crore and EBIDTA rising 11.2 percent to Rs 121 crore. compared to the previous year. However, the margin decreased by 265 bps YoY to 53.23 percent in Q2FY23.
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