Stocks Which Released Earnings Results: ONGC, Coal India, Hero Motocorp & More

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Stocks Which Released Earnings Results: ONGC, Coal India, Hero Motocorp  & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Oil And Natural Gas Corporation Ltd (NS: ONGC ): The state-owned natural gas company reported the highest ever quarterly net profit by any Indian firm, exceeding Rs 18,347 crore and growing 565% YoY, sharply exceeding the Street’s estimates. The profit was the result of net tax writeback of Rs 7,195.4 crore. The public firm was trading 2.17% higher at Rs 158 at 10:15 am on Monday.

Nykaa (BO: FSNE ): The newly-listed beauty and fashion platform Nykaa has reported a 96% decline in PAT while its revenues from operations grew 47% YoY to Rs 885.3 crore. The stock declined 4.7% to Rs 2,247.80 at 10:15 am on Monday.

Coal India (NS: COAL ): The coal producer reported a flat financial performance for the quarter ending September, with PAT of Rs 2,933 crore, marginally declining by 0.6% YoY and 8% on a sequential basis, a lot lower than the Street’s expectation. The company’s stock is trading at Rs 162.35, down 2.7% at 10:20 am.

Hero Motocorp (NS: HROM ): The automaker reported a PAT of Rs 794, declining 17% YoY and surging 117% sequentially. Similarly, its total revenues declined 10% YoY to Rs 8,453.4 crore, while surging 54% sequentially. The stock was last seen trading 2.4% higher at Rs 2,748.10. 

Grasim Industries (NS: GRAS ): The textile industry company’s PAT surged 27.4% YoY to Rs 2,032.41 crore in Q2 FY22, and its revenues from operations grew by 67% YoY to Rs 4,933 crore, both higher than the Street’s estimates. The company’s operating margins expanded as a result of improving product realizations across its different business segments.

Vodafone Idea (NS: VODA ): The loss-making telco’s consolidated net loss declined 2.5% QoQ to Rs 7,132.3 crore for the September quarter, while its revenue from operations rose 3% compared to last quarter to Rs. 9,406.4 crore. The stock was trading 2.43% lower at Rs 10.05 at 10:30 am on Monday.

 

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