January futures contract of smelly 50 on the Singapore Exchange indicates a positive start for domestic equities on Monday. The contract was trading at 18,139, up 94.5 points or 0.52% from the previous close.
Income Today: Axis Bank, Canara Bank, Concor (Container Corporation of India), Gland Pharma, HFCL, IDBI, J&K Bank, Jindal Stainless, Maharashtra Seamless, Omaxe Auto, Route Mobile, Sailen Exploration, Shoppers Stop, Syngen International, Tata Communications and Zensar Technologies .
ICICI Bank: The bank’s net profit grew 34.2 per cent to Rs 8,311.85 crore in Q3FY23, as against Rs 6,193.81 crore in the same quarter a year ago. Total income grew by 23.9 per cent to Rs 33,529.26 crore.
UltraTech Cement: The Aditya Birla Group company’s consolidated net declined 37.9 per cent to Rs 1,062.68 crore in the quarter ended December 2022, as against Rs 1,710.40 crore in the quarter ended December 2021. However, the total income grew by 27.5 per cent to Rs 16,647.52 crore during the same period.
Reliance Industries: The Mukesh Ambani-led company reported a 15 per cent decline in consolidated net profit at Rs 15,792 crore for Q3FY23, but slightly ahead of expectations. In a post-results conference call, the company cautioned against the impact of global economic headwinds on energy demand.
SBI Life: The state-run insurer’s net declined by 16.5 per cent to Rs 304.13 crore in Q3FY23 from Rs 364.06 crore in Q3FY22. Revenue from operations, however, grew by 30.1 per cent to Rs 26,626.71 crore.
Yes Bank: The bank’s net in Q3 declined 80.7 per cent to Rs 51.52 crore in the quarter ended December 2022, as against Rs 266.43 crore in a year-ago period. Total income, however, grew 24.6 per cent YoY to Rs 7,015.18 crore.
Apollo Micro Systems: The company’s board approved a stock split in the ratio of 1:10; That is, each share of face value of Rs 10 will be sub-divided into ten equity shares of face value of Rs 1 each.
Petronet LNG: The company reported highest ever profit of Rs 1,181 crore in Q3FY23, up 3.2 per cent as compared to Rs 1,144 crore in a year-ago period. Turnover grew by 44 per cent to Rs 46,025 crore. The company said it was able to achieve the results due to reductions in global LNG prices, and reductions in power and fuel costs from operational optimization.
Wipro: The IT major has sacked 452 freshers on the basis of performance. “We had to weed out 452 freshers as they repeatedly performed poorly in assessments, even after training,” a Wipro spokesperson said in a statement.
IDFC First Bank: The bank’s Q3FY23 net grew by 115 per cent to Rs 604.61 crore as against Rs 281.06 crore in Q3FY22. Total income grew by 35.9 per cent to Rs 7,064.30 crore.
Bajaj Auto: The two-wheeler major will launch its iconic scooter brand Chetak in Europe by Pier Mobility (parent company of KTM) in early 2024. The company’s Chakan plant recently rolled out its one millionth KTM bike.
RBL Bank: The private bank reported a 34 per cent rise in Q3 net to Rs 209 crore as strong growth in net interest income strengthened the private lender’s bottom line. Net interest income grew by 13.6 per cent to Rs 1,148 crore.
Punjab & Sind Bank: Net profit grew by over 24 per cent to Rs 373.24 crore in Q3FY23 as against Rs 300.82 crore in Q3FY22. Total income grew by nearly 10 per cent to Rs 2,245.10 crore.
LTIMindtree: The company’s Q3 net declined 4.6 per cent to Rs 1,000.70 crore due to one-time impact of integration cost related to the merger. Revenue from operations increased by 25 percent to Rs.8620 crore.
HDFC Life: The private sector insurer’s Q3 net grew 15 per cent to Rs 315 crore, as against Rs 274 crore in the year-ago period. Total income grew by 38.5 per cent to Rs 19,693 crore.
JSW Steel: The company’s Q3 consolidated net fell 85.50 per cent to Rs 474 crore in the December quarter, mainly due to higher expenses. Total income, however, grew by nearly 3 per cent YoY to Rs 39,322 crore.
Axis Bank: The private bank is planning to raise up to Rs 5,000 crore by issuing 10-year infrastructure bonds in the coming days.
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