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Business News/ Markets / Stock Markets/  Stocks to Watch: L&T, Dr Reddy’s, SRF, Voltas, TCS
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Stocks to Watch: L&T, Dr Reddy’s, SRF, Voltas, TCS

Here are some stocks to watch out for ahead of Wednesday’s trading session.

Dr Reddy’s Laboratories registered 10.6% yoy growth in consolidated net profit at ₹1,378.9 crore for the December quarter, despite higher tax cost (Image: Pixabay)Premium
Dr Reddy’s Laboratories registered 10.6% yoy growth in consolidated net profit at 1,378.9 crore for the December quarter, despite higher tax cost (Image: Pixabay)

L&T: Recorded 15% yoy growth in consolidated net profit at 2,947 crore for the December quarter. Consolidated revenue from operations grew 19% yoy to 55,128 crore.

Dr Reddy’s Laboratories: Registered 10.6% yoy growth in consolidated net profit at 1,378.9 crore for the December quarter, despite higher tax cost. Revenue from operations rose 6.6% to 7,215 crore from a year ago.

SRF: Quarterly numbers were weaker than estimated, owing to the chemicals business. Ebitda margin was 18.5% from 24% last year. Ebitda was down 32.1% and net profit down 50%.

Voltas: Posted a net loss of 27.6 crore for the December quarter, narrowing from a loss of 110.5 crore a year ago despite a healthy topline, thanks to increased input costs. Consolidated revenue from operations increased 31% yoy to 2,625.7 crore.

TCS: Announced a 15-year expansion of its partnership with Aviva, the British insurance, wealth and retirement provider, to transform its business and enhance customer experience.

PB Fintech: The parent firm of Policybazaar posted a net profit of 37 crore for the December quarter, against a net loss of 87 crore a year ago. Revenue from operations jumped 43% you to 871 crore.

Astral: Revenue came in at 1,371 crore, below estimates of 1,436 crore, while Ebitda was up 12.8% to 204.6 crore, also below estimates. Revenue from the plumbing segment rose 7.1% from last year, revenue from paints and adhesives increased by 10.7%. Both the PVC and CPVC divisions posted inventory losses in the quarter, while pipe sales volume rose 15% to 52.7 kt.

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ABOUT THE AUTHOR
Zaheer Merchant
Zaheer is part of the team that edits and curates Mint's premium content, including Mark To Market pieces, SnapViews and Explainers. He has more than 20 years of experience in journalism, with stints at Mid Day, Mumbai Mirror, Hindustan Times, ESPN and The Economic Times.
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Published: 31 Jan 2024, 07:12 AM IST
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