Stocks to watch: Oil India, Apollo Hospitals, Glenmark, Trent, Bata India

oil indiaOil India Limited (OIL), the country’s second largest state explorer, reported a triple net profit on record oil and gas price realization in the June quarter. it was a net profit 1,555.46 crore, or 14.34 per share, in April-June . Compared to 507.94 crore, or 4.68 per share, in the same period a year ago, the company said in a statement. Earnings increased as the company received a price of US$112.72 per barrel for crude oil, which was sold at US$67.15 per barrel in the same period last year.

Apollo HospitalHealthcare chain Apollo Hospitals Enterprise reported 35.33 per cent fall in consolidated net profit on Thursday 323.78 crore in the first quarter of FY23 amid higher expenditure and modest revenue growth. The company posted a consolidated net profit of 500.68 crore in the same period last fiscal, Apollo Hospitals Enterprise Ltd said in a regulatory filing. Consolidated revenue from operations during the quarter under review was 3,795.6 crore as against 3,760.21 crore in the year-ago period, it added.

Aurobindo PharmaPharmaceutical company Aurobindo Pharma on Thursday said its consolidated net profit declined by 32.4% for the quarter ended June 30. 520.5 crore as compared to 770. Revenue from operations grew by 9.4% in the first quarter of the previous fiscal 6,236 crore during the quarter under discussion 5,702 crore a year ago.

trentTata Group’s retail firm Trent Ltd on Thursday reported a consolidated net profit of Rs. 114.93 crore in the first quarter of the current financial year. The company had posted a net loss of 138.29 crore in the April-June quarter a year ago, Trent said in a BSE filing. Its revenue from operations during the quarter under review was 1,803.15 crore, more than three times those affected by the pandemic in the same quarter a year ago.

Glenmark PharmaGlenmark Pharmaceuticals’ consolidated revenue for the first quarter of FY 2022-23 stood at against 27,773 million 29,649 million, a decline of 6.3%. When viewed without taking into account the global sales of COVID related products in the first quarter of FY 2021-22, the base business shows a year-on-year growth of 10.4% in the current fiscal.

Bata India: Bata India reports 71.82 per cent growth in consolidated net profit on Thursday 119.37 crore for the first quarter of FY23. The company posted a net profit of 69.47 crore in the April-June quarter a year ago, Bata India Ltd said in a BSE filing. Its revenue from operations during the quarter under review was 943.01 crore, three times more than 267.04 crore in the pandemic-affected quarter in the corresponding quarter of FY22.

newgen software technology: Two entities – PGIM India Mutual Fund and Abu Dhabi Investment Authority – sold shares of NewGen Software Technology Limited on Thursday. 45 crores through open market transactions. According to the bulk deal data available with the National Stock Exchange (NSE), PGIM India Mutual Fund (PGIM MF) and Abu Dhabi Investment Authority (ADIA) sold a total of 12.20 lakh shares of the software company. Disposal of shares. was done at the average price of 370 each, depending on the size of the transaction 45.17 crores.

Bharti AirtelBharti Airtel on Thursday launched Wynk Studio, a web platform that will help Indian and international artists launch and monetize music across multiple platforms. India’s second largest telecom service provider that is focusing on generating revenue from its digital assets – Airtel Xstream, Airtel Ads, Airtel IQ among others – will expand and monetize the Wink Music platform with the initiative.

greaves cottonDiversified engineering company Greaves Cotton on Thursday reported Consolidated Profit After Tax (PAT) 15.94 crore in the April-June quarter of FY23. The company had recorded a loss of 22.48 crore in the corresponding period of the last fiscal, according to a regulatory filing. Its consolidated net sales more than doubled 660.19 crore in the quarter under review from 228.97 crore in Q1FY22 as per the filing.

purvankaraRealty firm Purvankar Ltd on Thursday reported 78% fall in its consolidated net profit 34.44 crore for the three months till June 2022, mainly on account of one-time profit in the year-ago quarter. it had the advantage 154.15 crore in Q1 FY22. total income also fell 297.35 crore in the first quarter of the current financial year from 542.12 crore in the corresponding period of last year.

first article