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2 Stocks that announced robust Q4 results; Net Profits jumps more than 20% 

Published 04-05-2023, 03:57 pm
Updated 04-05-2023, 04:46 pm
© Reuters.  2 Stocks that announced robust Q4 results; Net Profits jumps more than 20% 
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CHLA
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BACO
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The Benchmark Indices are in the green today with Sensex gaining 556 points and currently standing at Rs 61,749 and Nifty gaining 152 points and stands at Rs 18,241. Listed below are 2 stocks that announced their results for the last quarter as well as for FY22-23:

Cholamandalam (NS:CHLA) Investment and Finance Company Limited

Cholamandalam Investment and Finance, solely operating in India, conducts business as the financial services arm of the Murugappa Group. The company’s operating segments include Home Loans, Vehicle finance loans, Loans against property, etc. It also offers investment advisory and stockbroking services. The company has a market capitalization of Rs 78,056 crores.

The company, in its latest results, reported an increase in its revenues from Rs 3,356 crores in Q3 v/s Rs 3,741 crores in Q4. Moreover, the net profits of the company took a shift from Rs 685 crores to Rs 855 crores during the same period exhibiting an increase of 25 percent.

Having a yearly comparison of the above-mentioned metrics, the revenues went up from Rs 10,141 crores during FY21-22 to Rs 12,884 crores in FY22-23 and net profits shifted from Rs 2,154 crores to Rs 2,665 crores keeping the timeframe the same.

Bajaj Consumer Care (NS:BACO) Limited

Bajaj Consumer Care Limited is a company based in India that is principally engaged in the process of developing and distributing haircare and skincare products. It provides various hair oil products such as Bajaj Amla Hair Oil, Bajaj Almond Drops Hair Oil, Bajaj Kailash Parbat Hair Oil, etc. The skincare products comprise soaps, face wash, scrubs, face packs, etc.

The company, generating a majority of its revenue from domestic operations, has a presence in the overseas markets i.e., the ASEAN, Gulf and Middle-East, and African regions. The company has a market capitalization of Rs 2,435 crores.

The company, in its latest results, reported an increase in its revenues from Rs 230 crores in Q3 v/s Rs 250 crores in Q4. Moreover, the net profits of the company took a shift from Rs 33 crores to Rs 40 crores during the same period exhibiting an increase of 21 percent.

Having a yearly comparison of the above-mentioned metrics, the revenues went up from Rs 880 crores during FY21-22 to Rs 960 crores in FY22-23 and net profits shifted down from Rs 170 crores to Rs 140 crores keeping the timeframe the same.

Written by Amit Madnani

The post 2 Stocks that announced robust Q4 results; Net Profits jumps more than 20% appeared first on Trade Brains.

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