Stocks in Focus Which Released Q2 Earnings Yesterday

By Malvika Gurung

Investing.com — Tech Mahindra Ltd (NS:): The IT companies supplier recorded a revenue of Rs 1,338.70 crore for the September quarter, which is a 25.8% bounce in its internet revenue YoY however fell by 1% sequentially. Additionally, the corporate’s income was recorded at Rs 10,881.3 crore, up 16.1% YoY however didn’t meet the Road estimates. Moreover, the corporate’s board has introduced a particular dividend of Rs 15/share.

CEAT Ltd (NS:): The tyre maker’s consolidated internet revenue declined 77% to Rs 42.28 crore for the quarter ended September, backed on excessive costs of fabric used and better bills. The full bills rose to Rs 2,401.64 crore within the mentioned quarter, up from Rs 1,814.89 crore in Q2 FY21.

HDFC (NS:) Asset Administration Firm Ltd (NS:): The nation’s largest asset administration firm reported a internet revenue of 1.87% to Rs 344.38 crore for the quarter ending September, up from Rs 338.06 crore in Q2 FY21. The corporate’s gross sales additionally grew by 18.87% to Rs 542.33 crore QoQ.

Orient Cement Ltd (NS:): Whereas the consolidated whole revenues for the cement producer grew by 28.4% for the September quarter to Rs 613.12 crore QoQ, its sequential determine declined by 11.26%.

Moreover, corporations together with AXIS Financial institution Ltd (NS:), Kotak Mahindra Financial institution Ltd. (NS:), Bajaj Finance Ltd (NS:), Cipla Ltd. (NS:), Ambuja Cements Ltd. (NS:), ABB Cements, Persistent Methods Ltd (NS:), and Dr Lal PathLabs Ltd (NS:), amongst others will launch their earnings studies for the September quarter right this moment.