Q1 results today: Bajaj Finserv, Birlasoft, BEL to IHC: 65 companies to declare Q1 results 2023

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Q1 results today: Amid improving Indian stock market sentiments, those who believe in stock specific trade are highly vigilant about Q1 results 2023 of the listed companies. In fact, company results are one of the most important events that help stock market investors decide the mid and long term positions. It also help them in taking investment decision about the potential stocks they are zeroing on.

For positional investors and stock specific intraday trading members, there is a piece of stock market news today. A total of 65 listed companies are going to declare their respective Q1 results today. Those 65 listed companies include Bajaj Finserv, Birlasoft, Bharat Electronics Ltd or BEL, Shriram Finance, Indian Hotels Company or IHC, ACC, Ajanta Pharma, Dr Lal Pathlab, Tata Teleservices (Maharashtra) Ltd or TTML, Ujjivan Small Finance Bank, Symphony, Sterlite Technologies, NDTV, etc.

Bharat Electronics Ltd or BEL reported a YoY jump of 2.21% in net revenue to ₹6,545.28 crore in the Q4 2022-2023. BEL's net profit margin jumped 17.15% YoY to 21.11% in the Q4 2022-2023. However, the Navratna defence company's PAT during the entire FY23 stood at ₹3,006.67 crore, logging 28 per cent growth over the PAT of ₹2,348.93 crore in Q4FY23.

In Q4FY23, Birlasoft came back to profit despite flat revenue growth. Revenue of the Pune-based IT major rose 0.36% on sequential basis to ₹1,226.38 crore in the quarter ended March 31, 2023. In FY23, net profit of the IT company stood at ₹331.6 crore, on the back of revenue that increased 16.1% year-on-year to ₹4,794.8 crore.