Q1 results today: Bank of Baroda to Punjab & Sind Bank — 35 companies to declare Q1 results 2023
Q1 results today: Key benchmark indices of the Indian stock market snapped its three days losing steak and ended higher on Friday. This upside on Dalal Street has triggered trend reversal speculations as well. However, for intraday traders who believe in stock specific strategy, Q1 results 2023 announced on weekend would be crucial as these quarterly early earning will impact stock movement on Monday next week.
Even when there is trend reversal at Indian stock market next week, having idea about the fundamentals of the company would enable positional investors and intraday traders to maximse their return from Dalal Street. For such positional investors and day traders, there is a piece of stock market news today. A total of 35 listed companies are going to declare their respective Q1 results today.
Those 35 companies include Bank of Baroda (BoB), Balkrishna Industries, Gujarat Fluorochemicals Limited, Punjab & Sind Bank, Affle India, Balrampur Chini Mills, Zen Technologies, Meghmani Finechem, Jaiprakash Associates, Nitin Spinners, TVS Electronics, KM Sugar Mills, GP Petroleums, etc. Here we list out previous quarter results of some of the companies that are going to declare their respective Q1 results today: The public sector bank ended FY23 on a high note as the state-owned lender reported its highest-ever quarterly net profit of ₹4,775 crore in Q4FY23 against a profit of ₹1,778.77 in the corresponding quarter in previous financial year. The net interest income (NII) of the lender increased 34% to ₹11,525 crore during the quarter from ₹8,612 crore, YoY.
Net interest margin (NIM) rose to 3.31% from 3.03%, YoY. The asset quality during the quarter also improved while deposit growth remained strong. Punjab & Sind Bank
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