The Nifty futures on the Singapore Exchange fell 7.5 points, or 0.04 percent, to 18,107, indicating that Dalal Street will open unchanged on Friday.
Q2 Result: Several companies will today disclose their Q2 financial results, including Britannia, Cipla, Titan Company, GAIL India, InterGlobe Aviation, Aditya Birla Fashion and Retail, Escorts Kubota, Go Fashion (India), Mahindra Logistics, Marico, TVS Motor Company, and Wockhardt.
Vodafone Idea: As a result of rising finance and operating costs, Vodafone India’s (Vi’s) net loss increased 6.4% on a year-over-year (YoY) basis to Rs 7,595 crore in the second quarter of FY23. The business reported a net loss of Rs 7,132 crore over the comparable period in the previous year.
Adani Enterprises: According to its results released on Thursday, the company’s consolidated net profit for the quarter ending in September (Q2) more than quadrupled from the prior year to reach Rs 461 crore. Consolidated sales for the company increased nearly threefold year over year (YoY) in the second quarter to reach Rs 38,175 crore.
Hero MotoCorp: Due to weaker rural demand, the company’s consolidated net profit decreased 8.63% year over year (YoY) to Rs 682.28 crore in the second quarter of FY23. In Q2 of FY22, the company generated a net profit of Rs. 747.79 crore.
Mahindra Lifespaces Developers: Compared to a net profit of Rs 6.52 crore in the same quarter last year, Mahindra Lifespaces Developers, the Mahindra Group’s real estate and infrastructure development division, posted a net loss of Rs 7.74 crore for the quarter that ended in September.
Amara Raja Batteries: The business reported a combined profit of Rs 201.22 crore, up 39% year over year. The quarter’s revenue increased 19.3% to Rs 2,700.5 crore.
Sanofi India: As a result of an unusual gain in the prior year, the company’s second-quarter earnings, at Rs. 130.9 crore, was down 75% YoY. For the quarter, revenue decreased 8.3% year over year to Rs 692 crore.
Blue Star: The business reported a combined profit of Rs. 43 crore, up 37% year over year. Its income increased by 27% to Rs 1,576 crore.
JK Lakshmi Cement: In the second quarter, the cement company’s consolidated earnings fell by 29% year over year to Rs. 61.8 crore. With respect to the same period previous year, its income increased by 13.6% to Rs 1,373.5 crore.
Ajanta Pharma: For Q2FY23, the business reported a 20% year-over-year fall in earnings at Rs 157 crore. Operating income increased 6% to Rs 938 crore.
Cochin Shipyard: A European Client has placed an international order with the business for two commissioning service operation vessels (CSOV). For the installation of offshore wind farms, these vessels will be employed. Approximately Rs 1,000 crore is the project’s anticipated cost.
SRF: The business has authorised plans for the construction of four new facilities and the expansion of an existing plant’s production capabilities, which are expected to cost Rs 604 crore in total.
Ceeta Industries: The business has started producing ready-to-eat snacks on a commercial scale.
Persistent Systems: The company has established a strategic agreement with Software AG to create joint solutions to speed up operational excellence through the modernization of processes and applications as well as the simpler movement of data between businesses to create value.