Customers buying smaller packs as both traditional kirana shops and modern supermarkets clock business: NielsenIQ
Adani Green Energy Limited (AGEL) on Tuesday posted a fall of over 2 per cent in consolidated net profit at Rs 214 crore in the April-June quarter of FY23, due to higher expenses. The consolidated net profit of the company in the year-ago period was at Rs 219 crore, according to a regulatory filing. The company's total income rose to Rs 1,701 crore in the first quarter of the current fiscal. It was at Rs 1,079 crore in the same period last year. The expenses stood at Rs 1,425 crore during the quarter under review compared to Rs 898 crore in the preceding fiscal. In a separate statement, Vneet S Jaain, MD & CEO, AGEL, said: "With deployment of latest technologies and analytics driven O&M, AGEL's solar and wind portfolio performance has continued to improve. We are further proud of our teams that have enabled commissioning of India's first solar-wind hybrid capacity of 390 MW at Jaisalmer, Rajasthan with more such projects in pipeline." During the April-June quarter, the company
Air conditioning and engineering services provider Voltas Ltd on Tuesday reported a decline of 10.47 per cent in its consolidated net profit at Rs 109.62 crore in the first quarter ended June 30, 2022
EMI, BNPL, and other financial schemes brought down the upfront cost for the buyer
CLOSING BELL: losses in HDFC twins, ICICI Bank, Infosys, L&T, and Bharti Airtel nearly balanced gains in Kotak Bank, State Bank of India, Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance
Senior executive says 'early signs of slowdown in global economy'
Vodafone Idea is slated to report its Q1FY23 earnings on August 3, whereas Bharti Airtel would report its results on August 8
Analysts believe ITC would be able to continue to grow in high single digit in cigarettes & log a double-digit growth in all the other segments going forward.
InterGlobe Aviation Q1FY23 results: Analysts expect IndiGo's net loss to narrow sharply due to increased air traffic
The contribution as a percentage of gross order value (GOV) increased to 2.8 per cent in Q1FY23, against 1.7 per cent in Q4FY22, driven by improvements on both cost and revenue sides.
Stocks to Watch today: Cigarettes-to-hotels major ITC on Monday reported a 33.98 per cent year-on-year (YoY) jump in its consolidated net profit, which came in at Rs 4,389.76 crore
Shares of Arvind Ltd were trading at Rs 100 on BSE, up 8.28 per cent from the previous close
The capital expenditure incurred during the quarter was Rs 56 crore at the consolidated level
Revenue for the June 2022 quarter came in at Rs 1,413.9 crore, up 67.45 per cent YoY and 16.7 per cent quarter-on-quarter (QoQ)
The performance of ITC in the June quarter reflected normalisation of business activity across segments
CLOSING BELL: M&M (up 6 per cent) was the top Sensex gainer, followed by RIL, Maruti Suzuki, Bharti Airtel, Power Grid, Kotak Bank, Ultratech Cement, ITC, NTPC, SBI, Axis Bank, and Titan
The mobile gaming company reported over 22 per cent year-on-year (YoY) growth in consolidated net profit to Rs 16.5 crore in April-June quarter (Q1FY23)
Metro Brands reported a consolidated net profit of Rs 105.78 crore, while revenue grew 3.5-fold in the June 2022 quarter.
The stock touched an intra-day high of Rs 380.55 as it inched closer to its 52-week high level of Rs 387.40. Shares of the paper company have gained 14 per cent in the preceding ten sessions.
ITC Q1FY23 results preview: Analysts expect the company to report revenue growth of over 20 per cent over the previous year on the back of healthy cigarettes and hotels business