Q1 Results of Key Stocks in Focus: L&T, Tata Power, Ethos & More

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Q1 Results of Key Stocks in Focus: L&T, Tata Power, Ethos & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Larsen & Toubro (NS: LART ): The construction conglomerate’s consolidated net profit jumped 25% YoY to Rs 1,702.07 crore in the June quarter, while consolidated revenues rose 22.2% YoY to Rs 35,853 crore from the EPC segment and surged 30% YoY to Rs 9,424 crore from its IT and tech services.

Bajaj Auto (NS: BAJA ): The auto manufacturing major’s standalone net profit climbed 10.6% YoY to Rs 1,173.3 crore, revenues from operations rose 8.4% YoY to Rs 8,005 crore, EBITDA surged 15.8% YoY to Rs 1,328 crore and margins expanded 100 bps YoY to 16.6% in the June quarter.

Tata Power (NS: TTPW ): The country’s largest power generating company’s consolidated net profit rallied 103.2% YoY to Rs 794.6 crore and revenue from operations surged 43% YoY to Rs 14,495.5 crore in Q1 FY23, both beating the Street’s estimates. 

United Spirits (NS: UNSP ): The largest liquor company in the country’s net profit rallied a whopping 204% YoY to Rs 210 crore, while sales surged 34.3% YoY in Q1, thanks to a low base last year and higher sales of premium brands.

Aditya Birla Sun Life AMC (NS: ADIE ): The company’s net profit declined 33.6% YoY to Rs 103 crore in Q1, majorly due to lower income, which fell 18% YoY to Rs 274 crore in the quarter and AUM slipped 10% to Rs 2.82 lakh crore.

KPIT Technologies (NS: KPIE ): The software company’s net profit in Q1 surged 41% YoY to Rs 85.4 crore on increased revenues and wider profit margins, which expanded to 19.4% from 17.3 in Q1 FY22.

Ethos (NS: ETHO ): The recently-listed watch retailer’s consolidated profit rallied 1,430% YoY to Rs 12.8 crore and revenue almost doubled to Rs 173.56 crore, led by health healthy operating performance.

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