Today Results.
Angel One
Infosys
AB Money
Cyient
Den Networks
Anand Rathi
Sheetal Cool Pr
Mindtree
Angel One
Infosys
AB Money
Cyient
Den Networks
Anand Rathi
Sheetal Cool Pr
Mindtree
HCL Technologies
HCL Technologies reports 6.3% QoQ growth in Q2 profit, expects FY23 revenue to grow 13.5–14.5% YoY in constant currency. The IT services company recorded 6.3% sequential growth in consolidated profit at Rs 3,489 crore and revenue increased by Rs 5.2% QoQ to Rs 24,686 crore. Constant currency revenue growth stood at 3.8% QoQ and the top line in dollar terms increased 1.9% QoQ to $3,082 million. Total contract value bookings (new deal wins) stood at $2,384 million, up 16% QoQ. HCL Tech expects revenue to grow 13.5–14.5% YoY in constant currency and EBIT margin guidance has been revised to 18-19% in FY23.
ITC
ITC Infotech incorporates subsidiary in Brazil. The company said its subsidiary ITC Infotech India has incorporated a wholly owned subsidiary in Brazil under the name of ITC Infotech Do Brasil LTDA. ITC Infotech has received registration certificate for incorporation of the subsidiary
Wipro
Wipro reports 4.1% QoQ growth in IT services revenue in constant currency, operating margin expands 16 basis points QoQ. The company said IT services segment revenue in constant currency increased by 4.1% QoQ in Q2FY23 and dollar revenue rose by 2.27% QoQ to $2,797.7 million for the quarter ended September FY23. IT services operating margin for the quarter was at 15.1%, an increase of 16 basis points QoQ. Profit during the quarter grew by 3.7% QoQ to Rs 2,659 crore.
Power Grid Corporation of India
LIC offloads 2% stake in Power Grid Corporation of India. Life Insurance Corporation of India has offloaded 2% stake in the company via open market transactions. With this, LIC's shareholding in the company has reduced to 3.3% from 5.3%.
Panacea Biotec
Serum Institute of India offloads 2.2% stake in Panacea Biotec. Investor Serum Institute of India offloaded 2.2% equity stake in the company via open market transactions on October 11. With this, its shareholding in the company has reduced to 7.63% from 9.83%.
CESC
CESC to consider fundraising of Rs 300 crore on October 15. The company said the board of directors will consider a proposal for issue of secured unlisted non-convertible debentures up to Rs 300 crore on October 15.
Suven Life Sciences
Suven Life Sciences gets board nod to raise Rs 400 crore via rights issue. The company said the board of directors has approved rights issue size of 7,26,91,239 shares for Rs 399.80 crore. The issue price is Rs 55 per share. The rights entitlement ratio is (1:2) one rights equity share for every two shares held by eligible shareholders of the company.
Jubilant Ingrevia
Jubilant Ingrevia raises Rs 100 crore via commercial papers. The company has issued commercial papers of Rs 100 crore with tenure of 49 days. The coupon rate for the commercial papers is 6.5 percent per annum.
Tata Power
Tata Power to develop 7 MW solar project at Pantnagar manufacturing facility. The company is going to develop 7 MW solar project at its Pantnagar manufacturing facility in Uttarakhand. This installation is expected to generate 215 million units of electricity, potentially reducing carbon emissions by over 1.7 lakh tonnes.
Sterling and Wilson Renewable Energy
Sterling and Wilson Renewable Energy posts loss of Rs 299 crore in Q2FY23, wins order worth Rs 2,212 crore from NTPC REL. The company has won an order from NTPC Renewable Energy (NTPC REL) for its proposed 1,255 MWac and 1,568 MWdc solar PV project at Khavda RE power park, Gujarat. The total value of the project is Rs 2,212 crore. In addition, the company posted consolidated loss of Rs 298.71 crore for the quarter ended September FY23, widening from loss of Rs 284.35 crore in same period last year, whereas revenue for the quarter stood at Rs 312.69 crore against Rs 1,438.42 crore a year ago
Adani Wilmar
Adani Wilmar expects revenue to grow in low single digit in Q2FY23. The company expects its revenue for September FY23 quarter to grow in low single digit compared to year-ago period, whereas first half of FY23 revenues and volumes are expected to register low double-digit growth.
HCL Technologies reports 6.3% QoQ growth in Q2 profit, expects FY23 revenue to grow 13.5–14.5% YoY in constant currency. The IT services company recorded 6.3% sequential growth in consolidated profit at Rs 3,489 crore and revenue increased by Rs 5.2% QoQ to Rs 24,686 crore. Constant currency revenue growth stood at 3.8% QoQ and the top line in dollar terms increased 1.9% QoQ to $3,082 million. Total contract value bookings (new deal wins) stood at $2,384 million, up 16% QoQ. HCL Tech expects revenue to grow 13.5–14.5% YoY in constant currency and EBIT margin guidance has been revised to 18-19% in FY23.
ITC
ITC Infotech incorporates subsidiary in Brazil. The company said its subsidiary ITC Infotech India has incorporated a wholly owned subsidiary in Brazil under the name of ITC Infotech Do Brasil LTDA. ITC Infotech has received registration certificate for incorporation of the subsidiary
Wipro
Wipro reports 4.1% QoQ growth in IT services revenue in constant currency, operating margin expands 16 basis points QoQ. The company said IT services segment revenue in constant currency increased by 4.1% QoQ in Q2FY23 and dollar revenue rose by 2.27% QoQ to $2,797.7 million for the quarter ended September FY23. IT services operating margin for the quarter was at 15.1%, an increase of 16 basis points QoQ. Profit during the quarter grew by 3.7% QoQ to Rs 2,659 crore.
Power Grid Corporation of India
LIC offloads 2% stake in Power Grid Corporation of India. Life Insurance Corporation of India has offloaded 2% stake in the company via open market transactions. With this, LIC's shareholding in the company has reduced to 3.3% from 5.3%.
Panacea Biotec
Serum Institute of India offloads 2.2% stake in Panacea Biotec. Investor Serum Institute of India offloaded 2.2% equity stake in the company via open market transactions on October 11. With this, its shareholding in the company has reduced to 7.63% from 9.83%.
CESC
CESC to consider fundraising of Rs 300 crore on October 15. The company said the board of directors will consider a proposal for issue of secured unlisted non-convertible debentures up to Rs 300 crore on October 15.
Suven Life Sciences
Suven Life Sciences gets board nod to raise Rs 400 crore via rights issue. The company said the board of directors has approved rights issue size of 7,26,91,239 shares for Rs 399.80 crore. The issue price is Rs 55 per share. The rights entitlement ratio is (1:2) one rights equity share for every two shares held by eligible shareholders of the company.
Jubilant Ingrevia
Jubilant Ingrevia raises Rs 100 crore via commercial papers. The company has issued commercial papers of Rs 100 crore with tenure of 49 days. The coupon rate for the commercial papers is 6.5 percent per annum.
Tata Power
Tata Power to develop 7 MW solar project at Pantnagar manufacturing facility. The company is going to develop 7 MW solar project at its Pantnagar manufacturing facility in Uttarakhand. This installation is expected to generate 215 million units of electricity, potentially reducing carbon emissions by over 1.7 lakh tonnes.
Sterling and Wilson Renewable Energy
Sterling and Wilson Renewable Energy posts loss of Rs 299 crore in Q2FY23, wins order worth Rs 2,212 crore from NTPC REL. The company has won an order from NTPC Renewable Energy (NTPC REL) for its proposed 1,255 MWac and 1,568 MWdc solar PV project at Khavda RE power park, Gujarat. The total value of the project is Rs 2,212 crore. In addition, the company posted consolidated loss of Rs 298.71 crore for the quarter ended September FY23, widening from loss of Rs 284.35 crore in same period last year, whereas revenue for the quarter stood at Rs 312.69 crore against Rs 1,438.42 crore a year ago
Adani Wilmar
Adani Wilmar expects revenue to grow in low single digit in Q2FY23. The company expects its revenue for September FY23 quarter to grow in low single digit compared to year-ago period, whereas first half of FY23 revenues and volumes are expected to register low double-digit growth.
Food & FMCG basket continued its growth trajectory similar to previous quarters registering growth of over 40%. Its industry essential business also grew close to 20% during the quarter and H1.
Mishtann Foods
Mishtann Foods plans to set up ethanol project in Gujarat, expects annual revenue of Rs 3,500 crore. The company plans to set up a 1,000 kilolitres per day (KLPD) grain-based ethanol manufacturing facility in Gujarat. It estimates annual revenue of Rs 3,500 crore through this project and is aiming to commence operations of the plant from the second quarter of 2024.
Mishtann Foods
Mishtann Foods plans to set up ethanol project in Gujarat, expects annual revenue of Rs 3,500 crore. The company plans to set up a 1,000 kilolitres per day (KLPD) grain-based ethanol manufacturing facility in Gujarat. It estimates annual revenue of Rs 3,500 crore through this project and is aiming to commence operations of the plant from the second quarter of 2024.
कृपया ध्यान दे हमारी कोई Paid Service ,Paid Training & Paid Group नहीं है तो जो हमारे नाम से आप से पैसे माँगते है वो सभी Fraud है तो उन चोरो से आप सावधान रहे मुझे सिर्फ आप लोगो का आशीर्वाद चाहिए - धन्यवाद
कृपया ध्यान दे हमारी कोई Paid Service ,Paid Training & Paid Group नहीं है तो जो हमारे नाम से आप से पैसे माँगते है वो सभी Fraud है तो उन चोरो से आप सावधान रहे मुझे सिर्फ आप लोगो का आशीर्वाद चाहिए - धन्यवाद
13 October 2022
FII & DII DATA
FII Net SELL - 1,636.43cr
DII Net BUY - 753.29cr
FII & DII DATA
FII Net SELL - 1,636.43cr
DII Net BUY - 753.29cr
Today Results.
Amal
Bajaj Auto
Shree Cements
Federal Bank
Tata Elxsi
Just Dial
Oberoi Realty
Plastiblends
Amal
Bajaj Auto
Shree Cements
Federal Bank
Tata Elxsi
Just Dial
Oberoi Realty
Plastiblends
Infosys
Infosys reports 12.3% QoQ increase in profit with constant currency revenue growth at 4% in Q2FY23 & deal wins at $2.7 billion. The IT services company reported earnings (except topline) above analysts' estimates for Q2FY23 with profit climbing 12.3% sequentially to Rs 6,021 crore and revenue growing 6% QoQ to Rs 36,538 crore. Revenue in dollar terms increased by 2.5% QoQ to $4,555 million and constant currency revenue growth was at 4% in Q2FY23. The company recorded robust large deal total contract value for the quarter at $2.7 billion, the highest in the last 7 quarters, against $1.7 billion in the previous quarter, while it revised constant currency revenue forecast to 15-16% for the current financial year of FY23, from 14-16% earlier, and expects operating margin for FY23 in the range of 21-22%, against 21-23% earlier.
Chemcon Speciality Chemicals
Chemcon Speciality Chemicals purchases land for business operations. The company has purchased land in Vadodara for its business operations. The total cost of land acquisition is Rs 22.3 crore. These are related party transactions.
Angel One
Angel One Q2 profit grows 17.7% sequentially to Rs 213.6 crore, total income rises 9% QoQ. The company posted a 17.7% sequential growth in profit at Rs 213.6 crore for the quarter ended September FY23, with consolidated total income growing 9 percent QoQ to Rs 745.9 crore during the same period. It reported gross addition of around 1.2 million clients in Q2FY23, crossing the 11 million mark in total client base during the quarter. The company announced second interim dividend of Rs 9 per share, which is equivalent to 35% of consolidated profit for the quarter.
Den Networks
Den Networks Q2 profit rises 28% YoY to Rs 48 on lower tax expenses, loss by associates, but revenue falls 11.6%. The digital cable TV service provider has recorded 27.7% year-on-year growth in consolidated profit at Rs 48.12 crore for the quarter ended September FY23 due to lower tax expenses and loss by associates, but revenue declined 11.6% to Rs 287.3 crore during the same period
Anand Rathi Wealth
Anand Rathi Wealth reports 8% sequential growth in Q2 profit at Rs 43 crore, revenue grows 3.4%. The company reported 8.15% sequential growth in consolidated profit at Rs 42.95 crore for the quarter ended September FY23, and revenue grew 3.4% to Rs 136 crore from a year ago. Operating profit also registered 8.4% QoQ growth at Rs 60.4 crore for the quarter.
Mindtree
Mindtree Q2 earnings beat estimates, profit rises 7.9% QoQ to Rs 508.7 crore and revenue grows 8.9%. The midcap IT services company reported earnings above analysts' estimates for the quarter ended September FY23 with profit rising 7.9% sequentially to Rs 508.7 crore and revenue in rupee terms growing 8.9% QoQ to Rs 3,400.4 crore. The revenue in dollar terms grew by 5.7% QoQ to $422.1 million for the quarter, while the operating profit increased by 8.8% to Rs 650.6 crore and margin dipped to 19.13% in Q2FY23, from 19.2% in Q1FY23. Attrition rate dropped to 17.7% versus 24.5% on a sequential basis.
Power Mech Projects
Power Mech Projects bags contract from Bangalore Metro Rail Corporation. The company has received a Letter of Award worth Rs 499.41 crore from Bangalore Metro Rail Corporation. This project has been received by the company in a 49:51 joint venture with RITES
MAS Financial Services
MAS Financial Services raises Rs 55 crore via issuance of commercial papers. The company has raised Rs 55 crore via issuance of commercial papers. The maturity date for the commercial papers is 31 October 2022 which has credit rating of CARE A1+.
NITCO
NITCO CFO Shirish Suvagia resigns. Shirish Suvagia has resigned as Chief Financial Officer of the company with immediate effect.
HDFC Life Insurance Company
Infosys reports 12.3% QoQ increase in profit with constant currency revenue growth at 4% in Q2FY23 & deal wins at $2.7 billion. The IT services company reported earnings (except topline) above analysts' estimates for Q2FY23 with profit climbing 12.3% sequentially to Rs 6,021 crore and revenue growing 6% QoQ to Rs 36,538 crore. Revenue in dollar terms increased by 2.5% QoQ to $4,555 million and constant currency revenue growth was at 4% in Q2FY23. The company recorded robust large deal total contract value for the quarter at $2.7 billion, the highest in the last 7 quarters, against $1.7 billion in the previous quarter, while it revised constant currency revenue forecast to 15-16% for the current financial year of FY23, from 14-16% earlier, and expects operating margin for FY23 in the range of 21-22%, against 21-23% earlier.
Chemcon Speciality Chemicals
Chemcon Speciality Chemicals purchases land for business operations. The company has purchased land in Vadodara for its business operations. The total cost of land acquisition is Rs 22.3 crore. These are related party transactions.
Angel One
Angel One Q2 profit grows 17.7% sequentially to Rs 213.6 crore, total income rises 9% QoQ. The company posted a 17.7% sequential growth in profit at Rs 213.6 crore for the quarter ended September FY23, with consolidated total income growing 9 percent QoQ to Rs 745.9 crore during the same period. It reported gross addition of around 1.2 million clients in Q2FY23, crossing the 11 million mark in total client base during the quarter. The company announced second interim dividend of Rs 9 per share, which is equivalent to 35% of consolidated profit for the quarter.
Den Networks
Den Networks Q2 profit rises 28% YoY to Rs 48 on lower tax expenses, loss by associates, but revenue falls 11.6%. The digital cable TV service provider has recorded 27.7% year-on-year growth in consolidated profit at Rs 48.12 crore for the quarter ended September FY23 due to lower tax expenses and loss by associates, but revenue declined 11.6% to Rs 287.3 crore during the same period
Anand Rathi Wealth
Anand Rathi Wealth reports 8% sequential growth in Q2 profit at Rs 43 crore, revenue grows 3.4%. The company reported 8.15% sequential growth in consolidated profit at Rs 42.95 crore for the quarter ended September FY23, and revenue grew 3.4% to Rs 136 crore from a year ago. Operating profit also registered 8.4% QoQ growth at Rs 60.4 crore for the quarter.
Mindtree
Mindtree Q2 earnings beat estimates, profit rises 7.9% QoQ to Rs 508.7 crore and revenue grows 8.9%. The midcap IT services company reported earnings above analysts' estimates for the quarter ended September FY23 with profit rising 7.9% sequentially to Rs 508.7 crore and revenue in rupee terms growing 8.9% QoQ to Rs 3,400.4 crore. The revenue in dollar terms grew by 5.7% QoQ to $422.1 million for the quarter, while the operating profit increased by 8.8% to Rs 650.6 crore and margin dipped to 19.13% in Q2FY23, from 19.2% in Q1FY23. Attrition rate dropped to 17.7% versus 24.5% on a sequential basis.
Power Mech Projects
Power Mech Projects bags contract from Bangalore Metro Rail Corporation. The company has received a Letter of Award worth Rs 499.41 crore from Bangalore Metro Rail Corporation. This project has been received by the company in a 49:51 joint venture with RITES
MAS Financial Services
MAS Financial Services raises Rs 55 crore via issuance of commercial papers. The company has raised Rs 55 crore via issuance of commercial papers. The maturity date for the commercial papers is 31 October 2022 which has credit rating of CARE A1+.
NITCO
NITCO CFO Shirish Suvagia resigns. Shirish Suvagia has resigned as Chief Financial Officer of the company with immediate effect.
HDFC Life Insurance Company
HDFC Life Insurance Company gets final approval of IRDAI for Exide Life Insurance merger. The company has received final approval from Insurance Regulatory and Development Authority of India (IRDAI) for the merger of Exide Life Insurance with itself. The appointed date for the scheme of amalgamation is 1 April 2022 and the scheme will be effective from the end of the day on 14 October 2022.