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Business News/ Markets / Stock Markets/  Q4 results today: Tata Motors, Cipla, Vedanta among others to announce earnings
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Q4 results today: Tata Motors, Cipla, Vedanta among others to announce earnings

Market investors will be waiting for the quarterly earnings of Tata Motors, Vedanta, HAL, DLF, Cipla and others to be announced today

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Team of traders working with forex (foreign exchange) trading charts and graphs on computer screen, concept about stock market investment, finance, selling and buying

Sensex and the Nifty ended flat with negative bias on May 11, as Sensex closed at 61,904.52, down 0.06 per cent points, while the Nifty ended the day at 18,297, down 0.10 per cent. Investors will be eyeing the quarterly earnings of Tata Motors, Cipla, Vedanta, Hindustan Aeronautics, Colgate-Palmolive, DLF and others up for release on Friday.

Hindustan Petroleum Corporation, APL Apollo Tubes, Cholamandalam Financial Holdings, Greaves Cotton, Indraprastha Gas, Indian Overseas Bank,  Manappuram Finance, Max Financial Services, Polycab India, will be in focus ahead of quarterly earnings on May 12.

Tata Motors

Tata Motors shares closed 0.43% higher at 511.65 per share on BSE on Thursday. 

Auto major Tata Motors posted its first quarterly profit in two years as it had reported consolidated net profit of 2,957.71 crore for the third quarter ending December (Q3FY23), while reported a consolidated revenue from operations at 88,488.59 crore, up 22.5% as against 72,229 crore from the year-ago period.

Cipla

Cipla shares closed lower at 943.70 down by 0.026 per cent on BSE on Thursday.

The pharma major had reported 9.93 per cent rise in consolidated net profit to 800.96 crore for the quarter ended December 2022. This is against a net profit of 728.60 crore in the corresponding quarter last fiscal.

Vedanta

Vedanta shares closed 1.49 per cent lower at 281.55 on BSE on Thursday. The stock has declined by nearly 11 per cent on a year-to-date basis.

Vedanta Ltd reported 42 per cent decline in consolidated net profit to 3,092 crore for the December 2022 quarter. This is against a net profit of 5,354 crore in the year-ago period, while the consolidated revenue declined by 0.017 per cent to 33,69 crore in the quarter under review from 33,697 crore a year ago.

Hindustan Aeronautics Ltd

Hindustan Aeronautics Ltd shares closed 2.16 per cent up at 3,018.40 on BSE.

Hindustan Aeronautics Limited reported a net profit of 1,155.2 crore, up 23.8 per cent year-on-year as against 933.4 crore reported in the year-ago period, while revenue from Operations declined 3.9 per cent to 5,665.5 crore in the December quarter as compared to 5,893.8 crore in the corresponding quarter of last year.

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Published: 12 May 2023, 07:10 AM IST
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