Market Commentary - Stock Alert
Quarterly results reactions : Tata Motors, Avenue Supermarts, DLF, HPCL As on : 15-May-23  08:30

Tata Motors: The auto major reported a consolidated net profit of Rs 5,407.79 crore in Q4 FY23 as against a net loss of Rs 1,032.84 crore recorded in Q4 FY22. Total revenue from operations jumped 35.05% YoY to Rs 1,05,932.35 crore in the quarter ended 31 March 2023.

Avenue Supermarts (DMart): The company reported 7.8% increase in consolidated net profit to Rs 460.13 crore on 20.57% jump in revenue from operations to Rs 10,594.11 crore in Q4 FY23 over Q4 FY22.

DLF: The realty major's consolidated net profit jumped 40.6% to Rs 570.01 crore in Q4 FY23 as against Rs 405.33 crore recorded in Q4 FY22. Revenue from operations declined 5.9% year on year to Rs 1,456.06 crore in the quarter ended 31 March 2023.

HPCL: Hindustan Petroleum Corporation (HPCL) reported 79.5% jump in standalone net profit of Rs 3,222.62 crore as against Rs 1,795.26 crore posted in Q4 FY22. Net sales (excluding excise duty) grew by 10.6% to Rs 1,07,536.62 crore in Q4 FY23 from Rs 97,226.51 crore recorded in the same period a year ago.

Colgate-Palmolive (India): The FMCG major's net profit declined 2.3% to Rs 316.22 crore in Q4 FY23 as against Rs 323.57 crore reported in Q4 FY22. Revenue from operations rose 3.7% year on year to Rs 1,341.69 crore in the quarter ended 31 March 2023.

Adani Enterprises, Adani Transmission: Adani Enterprises said that it would raise Rs 12,500 crore, while Adani Transmission plans to raise Rs 8,500 crore through qualified institutional placement (QIP).

Rail Vikas Nigam (RVNL): RVNL-SCC Infrastructure Pvt. Ltd (RVNL-SCC) JV has received Letter of Award (LOA) for irrigation prject in Rajasthan on Engineering, Procurement and Construction (E.P.C.) basis. The cost of project is Rs.2248.94 crore in which RVNL share is 51% and SCC share is 49%.

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