Tech Mahindra, APSEZ, Hero MotoCorp, Voltas in focus | Whuff News




Tech Mahindra: On a consolidated basis, IT core net profit rose 13.59% to Rs 1,285.40 crore on a 3.32% increase in revenue from operations to Rs 13,129.50 crore in Q2 FY23 compared to Q1 FY23. On a year-on-year (YoY) basis, Tech Mahindra’s net profit declined 4% while revenue jumped 20.7% in Q2 FY23.

Adani Ports and Special Economic Zones (APSEZ): APSEZ reported a 65% increase in consolidated net profit to Rs 1738 crore on a 33% increase in total revenue to Rs 5211 crore in Q2 FY23 compared to Q2 FY22.

Hero MotoCorp: Hero MotoCorp sold 454,582 units in October 2022. Sales in October 2021 stood at 547,970 units. With the Dussehra and Diwali festivals falling in October this year, October delivery sales are not on par with previous years, when festival days are usually spread over October and November.

Eicher Motors: Total motorcycle sales of Eicher Motors (Royal Enfield) jumped 86% to 82,235 units in October 2022 compared to 44,133 units sold in the same period last year.

Voltas: Voltas reported a consolidated net loss of Rs 6 crore in Q2FY23 as against a net profit of Rs 104 crore reported in Q2FY22. Total revenue increased to Rs 1833 crore in Q2FY23 as against Rs 1737 crore recorded in Q2FY22.

Kansai Nerolac Paints: Kansai Nerolac Paints reported a consolidated net profit of Rs 111.21 crore in Q2FY23 from a net profit of Rs 87.28 crore reported in Q2FY22. Total revenue increased to Rs 1935.03 crore in Q2FY23 as against Rs 1626.12 crore recorded in Q2FY22.

NCC: NCC has received two new orders for Rs 1056 crore (excluding GST) in October 2022. All these orders relate to Water & Environment Division and are received from State Government agencies and do not include any internal orders.

Mastered by Capital Markets – Live News

(This story has not been edited by Business Standard staff and is automatically generated from a syndicated feed.)



Source link