Market Commentary - Stock Alert
Stocks in focus: Coal India, Britannia, Marico, Bank of India, Adani Power As on : 08-May-23  08:00

Coal India: The state-run company reported consolidated net profit of Rs 5527.62 crore in Q4 FY23 as compared with Rs 6715 crore in Q4 FY22. Net sales rose to Rs 35,161.44 crore in the quarter ended 31 March 2023 as compared with Rs 29,985.45 crore posted in corresponding quarter last year.

Britannia Industries: Britannia Industries recorded 47% jump in consolidated net profit to Rs 559 crore on a 11% rise in sales to Rs 3,892 crore in the quarter ended 31 March 2023 as compared with the same period last year.

Marico: Marico reported 20% jump in consolidated net profit to Rs 302 crore on a 4% rise in revenue from operations to Rs 2,240 crore in Q4 FY23 as compared with Q4 FY22.

Bank of India: The state-run bank reported 122.75% surge in net profit of Rs 1,350.44 crore in Q4 FY23 as compared with Rs 606.27 crore in Q4 FY22. Total income jumped 44.61% to Rs 16,548.93 crore in the quarter ended 31 March 2023 as compared with Rs 11,443.46 crore posted in corresponding quarter last year.

One 97 Communications: One 97 Communications reported a consolidated net loss of Rs 167.5 crore in Q4 FY23, which is significantly lower as compared with a net loss of Rs 762.5 crore in Q4 FY22. Consolidated revenue from operations for the quarter under review surged by 51% YoY to Rs 2,334 crore, led by increase in GMV, higher merchant subscription revenues, and growth of loans distributed through the company's platform.

Adani Power: Adani Power reported 12.9% rise in consolidated net profit of Rs 5,242.48 crore despite of 3.4% decline in revenue from operations to Rs 10,242.06 crore in Q4 FY23 over Q4 FY22.

Alembic Pharma: Alembic Pharmaceuticals reported net profit of Rs 152.60 crore in Q4 FY23, steeply higher from Rs 21.92 crore in Q4 FY22. Revenue from operations declined marginally to Rs 1406.45 crore in quarter ended 31 march 2023 from Rs 1415.74 crore in same quarter last year.

Aditya Birla Fashion & Retail (ABFRL), TCNS Clothing: ABFRL is acquiring TCNS Clothing, the owner of ethnic fashion brands W, Aurelia, Wishful, Folksong and Elleven. The total value of the deal is approximately Rs 1650 crore for a 51% stake in TCNS, making it one of the largest deals in the Indian fashion space.

Equitas Small Finance Bank: Equitas Small Finance Bank reported 32% jump in net profit to Rs 922 crore on a 28% increase in net interest income to Rs 707 crore in Q4 FY23 as compared with Q4 FY22.

SJVN: The state-owned firm said that it has bagged a contract for setting up a connected wind power plant anywhere in India from Gujarat Urja Vikas Nigam.

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