Q1 results today: IDFC First Bank, NTPC to MCX — 18 companies to declare Q1 results 2023
Q1 results today: Amid falling Indian stock market, experts are buys advising intraday trading members to indulge in stock specific trade. So, for such day traders, Q1 results 2023 becomes an important event in deciding their buy or sell stocks. Even though Indian stock market will remain closed today but investors are expected to remain vigilant about the Q1 results 2023, which is expected today.
For such stock market investors, there is a piece of news as 18 listed companies are going to declare their respective Q1 results today. Those 18 listed companies include NTPC, IDFC First Bank, Sonata Software, Multi Commodity Exchange of India or MCX, Inox wind, Rossari Biotech, Sarda Energy and Minerals, Inox Wind Energy, Stove Kraft, D-Link India, SREI Infrastructure Finance, etc. In Q1 results 2023 season, stock market is expecting better numbers from auto, banking and capital goods segment.
They believe that high interest rate regime would help Indian banks to improve their margins and CASA while capital goods companies are sitting on record order book. Market is expecting better Q1 results from auto companies as well as Indian economy is signaling robust growth prospect. IDFC First Bank witnessed strong growth in earnings for the fourth quarter of FY23.
The lender's net profit in Q4FY23 more than doubled to ₹803 crore, which is the highest ever in a quarter, while recording double-digit growth in net interest income (NII). At the bank, customers' deposits and loan books stood strong. In Q4FY23, the bank's net profit skyrocketed by 134% to ₹803 crore as against a profit of ₹343 crore in Q4 of the previous fiscal.
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