Q2 results today: Paytm, JSW Steel to L&T Finance — 38 companies to announce earning today
Q2 results today: Despite speculations about global slowdown, Indian companies reported strong quarterly results in January to March 2023 quarter. The performance improved further in April to June 2023 quarter after better-than-expected recovery in the Indian economy. In fact, Indian economy has managed to keep the inflation under control throughout the year, which is expected to fuel industrial and other demands in India.
Hence, market observers and stock market investors are expected to remain vigilant about the Q2 results 2023 season as it would enable them to find out the fundamentals of the stocks they are mulling to add in their portfolio or they already have that stock in their portfolio. For such market observers and stock market investors, there is a piece of stock market news today. A total of 38 Dalal Street listed companies are going to declare their Q2 earning for the financial year 2023-24.
Those 38 listed companies include JSW Steel, JSW Energy, Paytm, Hindustan Zinc, Central Bank of India, L&T Finance Holdings, Poonawalla Fincorp, Laurus Labs, Tejas Networks, Atul, Sunteck Realty, Just Dial, Butterfly Gandhimathi Appliances, etc. We are giving below Q1 scorecard of some of these 38 companies that are going to announce their Q2FY24 results on Friday. JSW Steel reported an 179% year-on-year rise in its consolidated net profit (attributable to owners of the company) for the fiscal's first quarter ended June (Q1FY24) to ₹2,338 crore.
The company had reported a profit of ₹838 crore in the year-ago period. Sequentially, consolidated net profit was down 36% from ₹3,664 crore in Q4FY23. Company's consolidated total revenue from operations rose 10.8% on year to ₹42,213 crores during the quarter ended June from
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