Q1 results today: Maruti Suzuki, Adani Green to GAIL — 45 companies to declare Q1 results 2023 on Monday

livemint.com:

Q1 results today: Amid weak sentiments at 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. So, stock market investors are expected to remain vigilant about the Q1 results 2023, which is expected today.

For information to our readers, a total of 45 listed companies are going to declares their respective Q1 results today. Those 45 listed companies include Maruti Suzuki India, Power Grid Corporation, Adani Green Energy, Adani Transmission, GAIL, Bosch, UPL, Oberoi Realty, KEI Industries, Navin Fluorine International, JBM Auto, Castrol India, Go Fashion India, NOCIL, India Pesticides, Mold Tek Technologies, etc. The auto giant witnessed double-digit growth in both PAT and net sales front during Q4FY23.

Total sales volume also saw a single-digit growth year-on-year. In the quarter between January to March 2023, Maruti earned a net profit of ₹2,623.6 crore increasing by 42.7% YoY and 11.6% QoQ. Net sales climbed by ₹30,821.8 crore soaring by 20.8% YoY and 10.7% QoQ.

Sequentially, Maruti's total sales volume was better with an upside of 10.5% to 514,927 vehicles in Q4FY23. Year-on-year, the growth was in the single-digit of 5.3% from sales of 488,830 units in Q4FY22. Operating profit improved to ₹2,611.1 crore up by 46.7% YoY and 23% QoQ on account of higher sales volume, improved realization from the market, and favorable forex movement.