The price of crude fell 2.3% and the price of gold fell 0.3%. Bitcoin fell 0.1% to trade around $27,400.
National benchmarks Sensex and Nifty pared losses to close near the day’s high, both up 0.1% on gains in public sector banks and energy stocks.
The Indian rupee closed flat against the US dollar as the rise in domestic equities was countered by currency outflows and hardening crude prices.
Overseas investors were net sellers for the seventh day on Tuesday and unloaded shares worth Rs 407.35 crore, according to National Stock Exchange data. On the other hand, domestic institutional investors were buyers for the fourth consecutive day and mopped up shares worth Rs 563.61 crore.
Bajaj Auto Q4 FY23 (consolidated, annual)
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Revenue increased by 12% to Rs 8,904.7 crore (Bloomberg estimate: Rs 8,567 crore)
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Ebitda increased by 26% to Rs 1,716.6 crore (Bloomberg estimate: Rs 1,572 crore)
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Ebitda margin was 19.28% vs. 19.07% (Bloomberg estimate: 18.3%)
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Net profit fell 2% to Rs 1,432.9 crore (Bloomberg estimate: Rs 1,353 crore)
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The company has approved a dividend of Rs 140 per share for the financial year 2023.
Tata Consumer Products Q4 FY23 (consolidated, annual)
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Revenue up 14% to Rs 3,618.73 crore (Bloomberg estimate: Rs 3,511.21 crore)
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Ebitda up 15% to Rs 511.67 crore (Bloomberg estimate: Rs 442.90 crore)
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Ebitda margin at 14.1% vs. 13.9% (Bloomberg estimate: 12.6%)
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Net profit up 23% to Rs 268.59 crore (Bloomberg estimate: Rs 267.63 crore)
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The company has declared a final dividend of Rs 8.45 per share for the financial year ending March 2023.
Tata Steel Long Products Q4 FY23 (consolidated, QoQ)
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Revenue up 42.76% to Rs 3,015.81 crore
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EBITDA loss narrows to Rs 41.99 crore vs Ebitda loss of Rs 372.05 crore
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Net loss narrows to Rs 501.63 crore after loss of Rs 769.53 crore
AU Small Finance Bank Q4 FY23 (Consolidated)
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Net interest income up 30% to Rs 1,213.21 crore (YoY)
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Net profit up 23% to Rs 424.63 crore (YoY) (Bloomberg estimate: Rs 388.06 crore)
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GNPA at 1.66% vs. 1.81% (T/T)
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NNPA at 0.42% vs. 0.51% (T/T)
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The bank’s board has recommended a dividend of Rs 1 per share, subject to shareholder approval.
Dalmia Bharat Q4 FY23 (consolidated, annual)
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Revenue up 15.74% to Rs 3,912 crore (Bloomberg estimate: Rs 3,867 crore)
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Ebitda up 3.51% to Rs 707 crore (Bloomberg estimate: Rs 797.36 crore)
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Ebitda margin at 18.07% vs 20.21% (Bloomberg estimate: 20.6%)
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Net profit up 121.43% to Rs 589 crore (Bloomberg estimate: Rs 343.08 crore)
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The company has announced a final dividend of Rs 5 per share for the financial year ending March 2023.
Mahindra CIE Automotive Q1 CY24 (consolidated, annual)
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Revenue up 18.41% to Rs 2,440.20 crore (Bloomberg estimate: Rs 2,390.05 crore)
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Ebitda up 35.74% to Rs 380.65 crore (Bloomberg estimate: Rs 332.20 crore)
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Ebitda margin at 15.6% vs 13.61% (Bloomberg estimate: 13.9%)
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Net profit up 72.92% to Rs 279.10 crore (Bloomberg estimate: Rs 188.60 crore)
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The board has approved a final dividend of Rs 2.5 per share for the financial year ending December 2022.
Mahindra Lifespace Developers Q4 FY23 (consolidated, annual)
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Revenue up 57.87% to Rs 255.37 crore
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Ebitda loss of Rs 27.37 crore vs Ebitda loss of Rs 35.68 crore
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Net profit down 99.61% to Rs 0.54 crore
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The board has recommended a dividend of Rs 2.30 per share for the financial year ending March 2023.
Lloyds Metal and Energy Q4 FY23 (consolidated, annual)
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Revenue up 163% to Rs 876.25 crore
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Ebitda up 46.74% to Rs 164.55 crore
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Ebitda margin at 18.78% vs 33.65%
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Net profit up 118% to Rs 269.04 crore
Anant Raj Q4 FY23 (consolidated, annual)
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Revenue up 29.75% to Rs 280.15 crore
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Ebitda up 195% to Rs 73.67 crore
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Ebitda margin at 26.3% vs. 11.58%
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Net profit up 118% to Rs 49.4 crore
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The company declared a final dividend of Rs 0.50 per share for the previous financial year.
HDFC Life Insurance, Maruti Suzuki India, SBI Life Insurance Company, Voltas, UTI Asset Management Company, Bajaj Finance, L&T Technology Services, IIFL Finance, Can Fin Homes, Indus Towers, JTL Industries, KPIT Technologies, Poonawalla Fincorp, Oracle Financial Services Software , Shoppers Stop, Supreme Petrochem, Syngene International, Tanla Platforms.
Mankind Pharma: The pharmaceutical company received offers for 14% of the offer size on the first day of its IPO. Institutional investors subscribed 8% of their basket, while HNIs offered 33% of their share. The retail share was subscribed at 10% on opening day.
Spoiled : Promoter TCI Finance issued a pledge of 4.88 lakh shares on April 18.
Nifty April futures finished at 17,776, a premium of 12.10 points.
Nifty April futures fell 18.89% and 33,739 shares in Open Interest.
Nifty Bank April futures ended at 42,660, a premium of 7.65 points.
Nifty Bank April futures fell 29.58% and 26,272 shares in Open Interest.
Titles Added to Blackout Period: Zee Entertainment Enterprises
Titles taken out of the prohibition period: None.