The Singapore Exchange Nifty Nifty traded 18 points, or 0.10 per cent, higher at 18,237, indicating that Dalal Road will open at a slower pace on Wednesday.
Results of S2: Results for the second quarter will be announced today by M&M Financial Services, Adani Transmission, Dalmia Bharat, EIH, GATI, Gravita India, JK Paper, and Kajaria Ceramics.
Reliance, ONGC and Filters: The government increased the special additional excise duty on aviation turbine fuel exports from Rs 3.5 per liter to Rs 5 per liter while lowering the windfall tax on crude oil from Rs 11,000 per tonne to Rs 9,500. Special additional excise duty on diesel exports has also been increased from Rs. 12 per liter to Rs.
Adani Port: India’s largest private port operator, Adani Ports and Special Economic Zones, on Tuesday posted a 69% rise in quarterly profit on strong cargo volumes. Combined business revenue for the three months ended September 30 rose to 16.77 billion Indian rupees ($203 million).
Tech Mahindra: As a result of pressure from the supply side, the company’s net profit for Q2 FY23 fell by 4% to Rs 1,285 crore. However, on a quarterly basis, profits increased by 13.6%. At Rs 13,129 crore, revenue for the quarter grew by 20.7% year-on-year.
LIC Housing Finance: During the second quarter of fiscal 2022, which ended in September, the company’s net profit rose by 23% YoY to Rs 304.97 crore, mostly as a result of a decline in provisions. It earned a net profit of Rs 247.86 crore in the second quarter of FY22.
TVS Motor Company: The company saw an increase in sales from 355,033 units in October 2021 to 360,288 units in October 2022, representing a growth of 2%.
Cholamandalam Investment and Finance Company: The company reported a 7% decline in net profit for the second quarter of fiscal year 2022–23 to Rs 563 crore, down from Rs 606 crore for the July–September quarter of the previous fiscal year.
Maruti Suzuki India: The business reported that it produced 1.56 lakh cars in October 2022, up 15.8% from the 1.34 lakh units produced in the same month a year earlier. It claimed that a significant shortage of electronic components in October 2021 had a negative influence on production volumes.
Eicher Motors: In contrast to the same month last year, the company sold 86% more Royal Enfields, 82,235 units, in October 2022. 5,707 Royal Enfields were sold internationally, an increase of 62% YoY.
Grasim Industry: The company’s board of directors has sanctioned a maximum NCD raise of Rs 1,000 crore.
Hero MotoCorp: On a year-over-year basis, the company’s overall revenue fell 17% in October. Exports fell 41.8% to 11,757 units from 20,191 units a year earlier.
Voltage: The firm reported a consolidated loss of Rs. 6 crore for Q2FY23 compared to a profit of Rs. 104 crore the previous year, which was affected by the provision made on international projects. From a year ago, revenue increased by 5.5% to Rs 1,833 crore.
NCC: In October, the business received two new orders totaling Rs 1,056 crore.
Kansai Nerolac paint: The business reported a 27% year-on-year rise in consolidated profit for Q2FY23 at Rs. 111.2 crore, helped by greater operating income. At Rs 1,931 crore for the quarter, operating revenue grew by 19% year-on-year.