Market Commentary - Stock Alert
Bharti Airtel, BPCL, Oberoi Realty, JSPL in focus As on : 17-May-23  08:34

Bharti Airtel: The telecom major's consolidated net profit jumped 49.7% to Rs 3,005.6 crore on 14.31% increase in revenue from operations to Rs 36,009 crore in Q4 FY23 over Q4 FY22. The company said that the rise in revenue was backed by strong and consistent performance delivery across the portfolio.

BPCL: The company received board approval for the ethylene cracker project at Bina refinery including downstream petrochemical plants and expansion of refinery with capital expenditure of approximately Rs 49,000 crore.

Oberoi Realty: The company's consolidated net profit rose to Rs 480.29 crore as against Rs 232.35 crore posted in Q4 FY22. Total income rose to Rs 995.11 crore in Q4 FY23 from Rs 842.94 crore recorded in the same period a year ago.

Jindal Steel & Power (JSPL): The company's consolidated net profit dropped to Rs 466 crore as against Rs 1527 crore posted in Q4 FY22. Gross revenue fell to Rs 15781 crore in Q4 FY23 from Rs 16089 crore recorded in the same period a year ago.

CreditAccess Grameen: The company's consolidated net profit rose to Rs 296.57 crore as against Rs 159.13 crore posted in Q4 FY22. Total income rose to Rs 1066.24 crore in Q4 FY23 from Rs 824.48 crore recorded in the same period a year ago.

Chemplast Sanmar: The company's consolidated net profit dropped to Rs 46.08 crore as against Rs 231.64 crore posted in Q4 FY22. Total income rose to Rs 1177.76 crore in Q4 FY23 from Rs 1815.70 crore recorded in the same period a year ago.

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