Q1 results today: LT, Suzlon Energy, Tata Motors to Bajaj Auto — 40 companies to declare Q1 results 2023

livemint.com:

Q1 results today: Amid weak sentiments at Indian stock market, 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 such stock market investors, there is a piece of stock market news today. 40 listed companies are going to declares their Q1 results today. Those 40 companies include Larsen & Toubro, Asian Paints, Tata Motors, Bajaj Auto, SBI Life, Suzlon Energy, Cyient, UTI AMC, KPIT Tech, CEAT, Jyothy Labs, etc.

Here we list out quarterly results announced by some of these 40 companies in the previous quarter i.e. in Q4FY23: Tata Motors beat market estimates in consolidated net profit to ₹5,407.79 crore in the fourth quarter of FY23, against a net loss of ₹1,032.84 crore in the same quarter a year ago. Sequentially, the Q4FY23 PAT saw a growth of nearly 83%.

The company's top-line front came in strong with an upside of over 35% YoY in revenue. On a consolidated basis, revenue from operations stood at ₹1,05,932.35 crore in Q4FY23, as compared to ₹78,439.06 crore in Q4 of previous fiscal. Two-wheelers and commercial vehicles maker, Bajaj Auto despite witnessing a single-digit drop in PAT due to lower sales, beat Street's estimates for the quarter ending March 31, 2023.

The auto giant posted a net profit of ₹1,433 crore in Q4FY23, as against a profit of ₹1,469 crore in the same period a year ago, registering a single-digit drop of 2.5%. The bottom-line front was impacted by lower sales. Larsen & Toubro registered 10% growth each