Stocks to Watch Today | Tata Motors, Dr Reddy's Labs, Biocon and others in news today
Results on July 28: Dr. Reddy’s Labs will focus on before the June quarter income on July 28. In addition to the laboratory Dr. Reddy, Nestle India, SBI Life Insurance Company, Shree Cement, Jubilant Foodworks, Vedanta, Bajaj Finserv, Punjab National Bank, Mahindra & Mahindra Finance Service Shriram, Chalet Hotel, Equitas Small Finance Bank, CMS Info System, GHCL, Aavas Impruding, Intellect Design Arena, Dr. Lal Pathlabs, Motilal, Motilal Oswal Financial Services, Nippon Life India Asset Management, Niit, Nocil, Rites, Sona Blw Precision Forgings , TTK Prestige, and Westlife Development will state the June quarter income today.
Tata Motors: The company posted a consolidated loss of RS 5,006.6 Crore for the quarter ended June 2022, widened from RS 4,450.92 Crore per year due to weak JLR performance. Consolidated income from operations grew 8.3 percent yoy to RS 71.934.66 Crore during the same period, driven by a domestic business. Jaguar Land Rover Revenue decreased 7.6 percent QoQ and 11.3 percent yoy to 4.4 billion pounds that were influenced by the lack of semiconductors and locking China, but customer order books grew further into 2 vehicle lakh.
Welspun India: The company has reported a decrease in consolidated revenue of 11.6 percent year-to-year at 1,957.3 Crore Hospital for the quarter ended in June 2022, influenced by the home textile business but the fateing floor business is better. Sharp profit down by 90.4 percent to RS 21.36 Crore in weak operating performance in the home textile business.
Biocon: Pharmacy companies recorded a growth of 54.4 percent yoy in consolidated profit in hospital 167.40 Crore for the quarter ended June 2022, some were assisted by higher income & other income and lower tax costs. Revenue grew by 21.5 percent to RS 2,139.50 crore during the same period.
Exide Industries: A subsidiary of the Exide Energy Solutions (EESL) has executed the 80 hectare recognized land parcels in the procurement of land parcels in Bengaluru with the Karnataka Industrial Area Development Board (KiadB). This land will be used to regulate the multi-green multi-green Li-ion multi-green battery cell manufacturing facility for electric mobility and stationary applications in India.
Aeronautics Hindustan: This has signed a contract worth more than $ 100 million with Honeywell for HTT-40 machines. The company will supply and produce 88 TPE331-12B KIT machines along with maintenance and support services to provide power to Hindustan Coach (HTT-40) aircraft.
Poonawalla Fincorp: The company reported the growth of 118.3 percent yoy in consolidated profit in Hospital 140.92 Crore for the quarter ended in June 2022 in writing a decline in financial instruments in RS 13.96 Crore (against the financial value of RS 49.38 Crore in Q1fy22). The total income grew by 18.3 percent to RS 571.67 Crore with assets managed for Q1FY23 rose 22.4 percent yoy to 17,660 crore Rs, while disbursement was in 3,436 crore hospitals, grew by 98.3 percent yoy.
Mixed Sugar Mills: The company recorded a growth of 26.2 percent year-to-year in consolidated profit in RS 39.30 Crore for the quarter ended June 2022, driven by a higher topline. Income grew by 52.3 percent to RS 828.86 Crore during the same period.
Home First Finance Company: The company recorded a profit growth of 46 percent year-to-year with the price of RS 51 Crore for the quarter ended in June 2022. Total revenue increased 19.4 percent to RS 169 Crore and pre-supply operating profit grew by 15, 2% up to RS 70 Crore during the same period, with assets under management increased 35.8 percent yoy to RS 5,832 Crore.
EIH: The company recorded a consolidated profit of RS 65.86 Crore for the quarter ended June 2022 regarding business normalization, against the loss of RS 114.25 Crore in the same period last year. In Q1fy22, the number is influenced by the second covid wave. Income grew by 314% yoy to RS 394.3 Crore in Q1FY23.
Schaeffler India: Schaeffler India Q2 Profits surged 76.2 percent yoy to RS 225.75 Crore driven by a healthy topline, higher operating income. Revenue grows 42 percent. The company recorded a year-to-year-to-year profit growth of 76.2 percent in RS 225.75 CRORE in Q2CY22 which was driven by a healthy topline and higher operating income. Gain from the sale of the drive chain business also supports the bottom line. Revenue grew by 41.8 percent yoy to 1,748.83 crore Rs during the June 2022 quarter.
VIP Industry: The company registered a healthy growth in consolidated profit in RS 69.10 Crore in Q1FY23, with low profit in RS 2.53 CRORE in Q1FY22 which was affected by the second wave of Covid. Income grew by 186.4 percent yoy to RS 590.61 Crore during the same period.
Filatex India: The company recorded a decrease in profit of 16.8 percent year-to-year with a price of RS 43.39 Crore for the quarter ended June 2022, influenced by higher input costs and weak operating performance. Income jumped 46.4 percent yoy to 1,023.3 crore Rs during the same period.
