Q1 results today: Adani Enterprises, Adani Power, Sun Pharma to Zomato — 63 companies to declare Q1 results 2023
Q1 results today: Amid falling stock market due to weak global market cues after Fitch downgraded US credit rating from AAA+ to AAA, stock market experts are suggesting stock specific approach to intraday trading members. For long term investors too, Q1 results 2023 is an important trigger as it would help them understand the fundamentals of the company to find out quality stock at discounted levels.
For such stock market investors, there is a piece of stock market news today. A total of 63 listed companies are going to declared their Q1 results today.
Those 63 listed companies include Bharti Airtel, Adani Enterprises, Sun Pharmaceuticals, Varun Beverages, Adani Power, Eicher Motors, Zomato, Cummins India, Lupin, MRF, Deepak Nitrite, LIC Housing Finance, Radico Khaitan, Piramal Pharma, Cera Sanitaryware, Minda Corporation, Karnataka Bank, etc. Here we list out Q4FY23 performance of some of the companies that are going to declare their respective Q1 results 2023 on Thursday: In fourth quarter of the financial year 2022-23, Adani Enterprises Ltd recorded 137% net profit growth.
The flagship Adani group company said its revenue from operations stood at ₹31,346.05 crore during Q4FY23, up by 26% YoY from ₹24,865.52 crore during Q4FY22, whereas in FY23 its revenue reached ₹136,977.76 crore as against ₹69,420.18 crore during FY22. The net profit of Adani Enterprises reached ₹722.48 crore during the quarter under review, up by 137.40% YoY from ₹304.34 crore recorded in the year-ago quarter, whereas in FY23 its PAT reached ₹2,472.94 crore as against ₹776.56 crore during FY22, up by 218.44% YoY.
The EPS of Adani Enterprises reached ₹6.34 during Q4FY23 as against ₹2.77 in Q4FY22. Telecom major Bharti Airtel's consolidated net
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