Q2 Snippets of Key Stocks: HDFC Bank, Bajaj Auto, Tata Elxsi & More

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Q2 Snippets of Key Stocks: HDFC Bank, Bajaj Auto, Tata Elxsi & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- HDFC Bank (NS: HDBK ): The country’s largest private lender’s consolidated net profit jumped 22.3% YoY to Rs 11,125.2 crore in Q2 FY23, thanks to a decline in the amount set aside for bad loans, while NII surged 18.9% to Rs 21,021 crore and NIM remained stable at 4.1%.

Bajaj Auto (NS: BAJA ): The automaker’s net profit surged 20% YoY to Rs 1,530 crore in Q2 and total revenue from operations advanced 16.4% YoY to Rs 10,202.8 crore, beating the Street’s estimates. Its EBITDA jumped 25.5% in the quarter to Rs 1,759 crore and its operating margin expanded sharply by 125 bps to 17.2%.

L&T Infotech (NS: LRTI ): The IT company's total net profit rose 23% YoY to Rs 679.8 crore and consolidated revenue from operations surged 28.4% to Rs 4,836.7 crore in Q2.

Shree Cement (NS: SHCM ): The cement producer’s consolidated net profit fell 67.5% YoY to Rs 183.24 crore in Q2, led by higher power and fuel cost, and gross revenue surged 20.4% YoY to Rs 5,081.75 crore in the period.

Avenue Supermarts (NS: AVEU ): The retail chain giant’s consolidated PAT jumped 64% YoY to Rs 685 crore and consolidated revenue surged 36% YoY to Rs 7,789 crore in Q2, while the EBITDA margin lowered slightly to 8.4% from 8.6 in the year-ago period. 

Tata Elxsi (NS: TTEX ): Its net profit surged 39% YoY to Rs 174.3 crore and total income jumped 30.8% YoY to Rs 781.8 crore in Q2 FY23. Its revenue from operations rose 28.2% YoY to Rs 763.2 crore.

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