Q1 results today: Adani Ports, Coal India to Utkarsh SFB — 87 companies to declare Q1 results 2023
Q1 results today: Amid trend reversal at Indian stock market, stock market experts are advising intraday traders and positional investors to remain vigilant about the quarterly earnings for the financial year 2023-24. They said that Q1 results 2023 would help an investor understand the fundamental status of the company with more clarity as companies declare their earnings expected for medium to long term as well while announcing their quarterly results. For such investors and traders, there is a piece of stock market news.
A total of 87 Dalal Street listed companies are going to declare their respective Q1 results 2023 on Tuesday. Those 87 companies include Coal India Ltd, Adani Ports, Oil India, Aarti Industries, Happiest Minds Technologies, Brigade Enterprises, Mishra Dhatu Nigam, Borosil Renewables, Utkarsh Small Finance Bank, IdeaForge Technology, Sudarshan Chemical Industries, Hikal, Ashiana Housing, Talbros Automotive Components, Windlas Biotech, etc. Adani Ports and Special Economic Zone (ASPEZ) owners earned a consolidated net profit of ₹1,158.88 crore in the fourth quarter of FY23, registering a growth of 5.1% as against ₹1,102.61 crore a year ago same quarter.
Adani Ports concluded its FY23 fiscal with the highest-ever cargo volumes, record investment, and maintaining its net debt to EBITDA ratio well within the guided range. However, the company's revenue witnessed a much stronger growth of 40% to ₹5,797 crore in Q4FY23, compared to ₹4,140.8 crore. The profit after tax (PAT) for Coal India Ltd (CIL) for FY 2022–23 grew dramatically by 62%, from ₹17,378 crores in FY22 to ₹28,125 crores.
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