Market Commentary - Stock Alert
NTPC, Power Grid, JSW Steel, Divi's Lab to be watched As on : 22-May-23  08:32

NTPC: NTPC recorded 1% rise in standalone net profit to Rs 5,672.32 crore on a 21.8% increase in total income to Rs 43,399.15 crore in Q4 FY23 as compared with Q4 FY22.

Power Grid Corporation of India: The company has reported a net profit of Rs 4,320 crore for Q4 FY23 on a consolidated basis which is 4% increase over Q4 FY22. The total income on consolidated basis for Q4 FY23 rose by 13% to Rs 12,557 crore compared to Rs 11,068 crore for Q4 FY22.

JSW Steel: The company's consolidated net profit rose to Rs 3741 crore in Q4 FY23 as against a net profit of Rs 3343 crore in Q4 FY22. Total income advanced to Rs 47427 crore in the quarter ended 31 March 2023 from Rs 47128 crore recorded in Q4 FY22.

Divi's Lab: The pharmaceutical company's net profit slumped 63.9% to Rs 318.79 crore on 23.52% decline in revenue from operations to Rs 1,908.17 crore in Q4 FY23 over Q4 FY22.

Zomato: The company reported consolidated net loss of Rs 188.2 crore in Q4 FY23 as against a net loss of Rs 359.7 crore in Q4 FY22. Total income advanced to Rs 2226.5 crore in the quarter ended 31 March 2023 from Rs 1350 crore recorded in Q4 FY22.

Crompton Greaves Consumer Electricals: Crompton Greaves Consumer Electricals reported a 25.7% decline in consolidated net profit to Rs 131.16 crore despite of 15.7% jump in net sales to Rs 1,790.96 crore in Q4 FY23 over Q4 FY22.

Muthoot Finance: The NBFC reported 6% fall in standalone net profit to Rs 902.66 crore despite of 6.9% rise in total income to Rs 2,863.80 crore in Q4 FY23 over Q4 FY22.

Glenmark Pharmaceuticals: Glenmark Pharmaceuticals reported a consolidated net loss of Rs 428.30 crore in Q4 FY23 as compared with net profit of Rs 155.59 crore in Q4 FY22. Revenue jumped 11.5% year on year to Rs 3,300.61 crore in quarter ended 31 March 2023.

Narayana Hrudayalaya: Narayana Hrudayalaya reported 151% rise in consolidated net profit to Rs 173.2 crore in Q4 FY23 from Rs 69 crore in Q4 FY22. Consolidated revenue increased by 29.9% to Rs 1,221.6 crore during the period under review.

Sun TV Network: The company reported a standalone PAT of Rs 365.82 crore in Q4 FY23 as against Rs 404.35 crore in the corresponding quarter ended 31 March 2022, recording a de-growth of 9.5% on YoY basis. Revenue in Q4 FY23 fell by 2.3% YoY to Rs 813.53 crore.

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