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Major equity indices fell as investors were worried over corporate margins and dragged by index heavyweights like RIL. The Sensex fell 0.55% and the Nifty dropped 0.53%.
Top losers were Auto [-1.67%], Oil & gas [-1.36%], Energy [-1.02%], Pharma [-1.02%] and Media [-0.71%]. Top gainer was Metal [1.46%]
Indian rupee jumped 13 paise to 79.73 against the US dollar on Monday.
Stock in News Today
Canara Bank: The public sector lender’s net profit grew 71.8% YoY to Rs 2,022 crore in Q1FY23 on the back of a rise in its net interest income (NII). It had posted a net profit of Rs 1,177 crore during the same period last year. Its net interest income (NII) was up 10.15% in Q1FY23 to Rs 6,785 crore from Rs 6,160 crore in Q1FY22. Its net NPAs fell to 2.48% from 3.46% a year ago.
Zomato: Shares of the food delivery company plummeted 11.3% to Rs 47.6 per equity share after the lock-in period for investors in the online food delivery platform ended on Monday.
Jyothy Labs: The FMCG firm reported an 18.73% rise in its consolidated net profit at Rs 47.73 crore in the first quarter ended June 30, 2022. It had posted a net profit of Rs 40.20 crore in the same period of the last fiscal year. Its revenue from operations was up 13.66% to Rs 597.20 crore during the period under review, as against Rs 525.40 crore in the corresponding period of the previous financial year.
Central Bank of India: The company reported its Q1FY23 earnings. Net profit was up 13.8% YoY at Rs 234 crore compared with Rs 205.5 crore in the year-ago period. NII was up marginally 0.7% YoY at Rs 2,142 from Rs 2,127 crore in the same period last year.
CRISIL: The rating agency posted a net profit of Rs 136.9 crore in Q1FY23, up 35.8% from Rs 100.8 crore in the year-ago period. Revenue rose 26.5% to Rs 668.5 crore in the quarter under review, from Rs 528.5 crore in the year-ago period. EBITDA increased 21.4% YoY to Rs 169.1 crore in Q1FY23 from Rs 139.3 crore in the corresponding quarter last year. EBITDA margin slipped to 25.3% in the reported quarter from 26.4% in the year-ago period.
Anupam Rasayan: The company’s net profit in Q1FY23 rose 23.4% YoY to Rs 39.6 crore from Rs 32.1 crore in the year-ago period. Revenue was up 31.2% YoY at Rs 306.5 crore.
EBITDA rose 55% YoY to Rs 93.8 crore from Rs 60.5 crore in the corresponding period last year. EBITDA margin stood at 30.6% in the reported quarter compared with 25.9% in the year-ago period.
Gokaldas Exports: The company’s consolidated Q1FY23 net income stood at Rs 39.39 crore as against a net loss of 2.55 crore in the year-ago period. Its revenue for the reported quarter came in at Rs 610.63 crore as against Rs 240.97 crore in the corresponding quarter last fiscal. Its EBITDA at Rs 72.26 crore Vs. Rs 17.92 crore
Sterlite Technologies: The company registered a consolidated net loss of Rs 20 crore in Q1FY23 as against a net profit of Rs 116 crore in the year-ago period. Its revenue rose to Rs 1,574 crore in the quarter under review from Rs 1,309 crore in the corresponding quarter last fiscal. EBITDA fell to Rs 119 crore in the quarter from Rs 238 crore in the same period last year.
Sharda Cropchem: The company posted a decline in consolidated net profit at Rs 22.64 crore in Q1FY23 from Rs 38.06 crore in the year-ago period. Revenue increased to Rs 824.53 crore in the reported quarter from Rs 622.68 crore in same period last fiscal. EBITDA fell to Rs 96.12 crore in the quarter under review from Rs 103.05 crore in the year-ago period.