HDFC Bank, Oberoi Realty, Jindal Steel & Power, and others

On July 15, with the help of positive global cues, the market broke the four-day decline and closed with a gain of 7-10 percent. Auto, financial services, FMCG and HDFC Group stocks supported the market. The BSE Sensex rose 345 points to 53,761, while the Nifty 50 rose 110.5 points to 16,049.

result today

Before the quarterly earnings on July 18, the focus will be on Heidelberg Cement India, Nelco, Bank of Maharashtra, Bhansali Engineering Polymers, Alok Industries, Ganesh Housing Corporation, Onward Technologies, Sudal Industries, Tanfac Industries.

stock to watch

HDFC bank

The country’s largest private sector lender reported a 19% year-on-year growth in standalone profit at Rs 9,196 crore for the quarter ended June 2022, led by a decline in provisions for bad loans. Net interest income grew 14 per cent to Rs 19,481.4 crore, led by credit growth of 22.5 per cent and deposits by 19.2%. During the quarter, pre-provision operating profit grew 14.7 per cent year-on-year to Rs 15,367.8 crore.

Bharat Electronics

The state-owned defense company reported a 1,401 per cent year-on-year growth in consolidated profit at Rs 366.33 crore for the quarter ended June 2022, driven by strong operating income. The base was lower in the year-ago quarter due to the second Covid wave. Revenue in Q1 grew by 90.5 per cent to Rs 3,140.6 crore as compared to the same period last fiscal.

ICICI Prudential Life Insurance Company

The insurance company posted a standalone profit of Rs 155.7 crore for the quarter ended June 2022, as against a loss of Rs 185.73 crore in the same period last year. Net premium income grew by 4.3 per cent to Rs 6,884.2 crore as compared to the same period last year.

just Dial

The company posted a comprehensive net loss of Rs 48.3 crore for the quarter ended June 2022, as against a loss of Rs 3.5 crore in the corresponding period last year, driven by other income, for the quarter attributable to the mark ( -60) crore was Rs. Two-market (MTM) losses on the Treasury portfolio due to a significant increase in bond yields (135-150 bps QoQ for 3-year AAA bonds) during the quarter. Operating revenue of Rs 185.6 crore grew by 12.2 per cent year-on-year in Q1FY23.

Oberoi Realty

The Mumbai-based real estate company reported a five-fold growth year-on-year growth at Rs 403.48 crore in Q1FY23 as against Rs 80.81 crore in the same period last year. Revenue grew three-fold to Rs.934.81 crore from Rs.294.77 crore during the same period, and EBITDA grew nearly four-fold to Rs.513.87 crore from Rs.135.39 crore in the same period.

Jindal Steel and Power

The steelmaker reported 23 per cent year-on-year decline in Q1FY23, adjusted profit of Rs 1,929 crore on lower operating profit, partially offset by lower finance cost. Funds from JPL’s disinvestment further strengthened the company’s balance sheet, with consolidated net debt declining by Rs 1,149 crore in Q1FY23 to Rs 7,727 crore at the end of the quarter. Consolidated gross revenue grew 26 per cent to Rs 14,738 crore during the quarter. Numbers adjusted for one-time foreign exchange gain of Rs 446 crore.

Medplus Health Services

The company has incorporated a wholly owned subsidiary named Medplus Insurance Brokers. The subsidiary shall carry on the business of direct insurance broking business in life and general insurance and all types of guarantee and indemnity business.

den networks

The digital cable TV service provider reported a 69 per cent year-on-year decline in consolidated profit at Rs 12.71 crore for the quarter ended June 2022, impacted by lower revenues and weak operating performance. Revenue fell 6.5 per cent YoY to Rs 283.36 crore in Q1FY23.

L&T Technology Services

The engineering services company posted a profit of 27 per cent YoY at Rs 274 crore in Q1FY23 while revenue during the quarter grew by 23 per cent to Rs 1,874 crore. Revenue in dollar terms grew 20 percent year over year to $239.5 million and in constant currency the topline grew 20 percent year over year. During the quarter, LTTS won deals worth more than $50 million.

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