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Results on May 17: Jubilant FoodWorks, REC, Deepak Fertilisers & Petrochemicals Corporation, Devyani International, Endurance Technologies, Eris Lifesciences, Glaxosmithkline Pharmaceuticals, Honeywell Automation India, Jindal Saw, JK Tyre & Industries, Jindal Stainless,l MTAR Technologies, Quess Corp, RailTel Corporation of India, Sterlite Technologies, Thermax, Vaibhav Global, and Whirlpool of India will be in focus ahead of quarterly earnings on May 17.

Bharti Airtel: The telecom operator has recorded a massive 89.2% sequential growth in consolidated profit at Rs 3,005.6 crore for quarter ended March FY23 due to lower tax cost. Profit in previous quarter was impacted by exceptional loss of Rs 669.8 crore. Revenue from operations for the quarter at Rs 36,009 crore grew by 0.6% over previous quarter. On the operating front, EBITDA grew by 1.1% QoQ to Rs 18,806.7 crore with margin expansion of 20 bps at 52.2%, while average revenue per user (ARPU) was flat at Rs 193 on sequential basis.

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Bharti Airtel: The telecom operator has recorded a massive 89.2 percent sequential growth in consolidated profit at Rs 3,005.6 crore for the quarter ended March FY23 due to lower tax costs. Profit in the previous quarter was impacted by an exceptional loss of Rs 669.8 crore. Revenue from operations for the quarter at Rs 36,009 crore grew by 0.6 percent over the previous quarter. On the operating front, EBITDA grew by 1.1 percent QoQ to Rs 18,806.7 crore with a margin expansion of 20 bps at 52.2 percent, while average revenue per user (ARPU) was flat at Rs 193 on a sequential basis.

Bharat Petroleum Corporation: The oil marketing company has received board approval for ethylene cracker project at Bina refinery including downstream petrochemical plants and expansion of refinery with capital expenditure of approximately Rs 49,000 crore. The company will also be setting up two 50 MW wind power plants for captive consumption one at Bina Refinery in Madhya Pradesh and another at Mumbai Refinery in Maharashtra, with total project cost of Rs 978 crore. It will be putting up petroleum oil lubricants (POL) and lube oil base stock (LOBS) storage installations with receipt pipelines at Rasayani in Maharashtra with project cost of Rs 1,903 crore.

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Bharat Petroleum Corporation: The oil marketing company has received board approval for an ethylene cracker project at Bina refinery including downstream petrochemical plants and expansion of the refinery with capital expenditure of approximately Rs 49,000 crore. The company will also be setting up two 50 MW wind power plants for captive consumption one at Bina Refinery in Madhya Pradesh and another at Mumbai Refinery in Maharashtra, with a total project cost of Rs 978 crore. It will be putting up petroleum oil lubricants (POL) and lube oil base stock (LOBS) storage installations with receipt pipelines at Rasayani in Maharashtra with a project cost of Rs 1,903 crore.

Jindal Steel & Power: The steel producer has reported a 69.5% year-on-year decline in consolidated profit at Rs 465.66 crore for March FY23 quarter, impacted by weakness in operating performance and one-time loss of Rs 153 crore during the quarter. Revenue from operations for the quarter at Rs 13,692 crore declined by 4.5% compared to same period last fiscal.

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Jindal Steel & Power: The steel producer has reported a 69.5 percent year-on-year decline in consolidated profit at Rs 465.66 crore for the March FY23 quarter, impacted by weakness in operating performance and a one-time loss of Rs 153 crore during the quarter. Revenue from operations for the quarter at Rs 13,692 crore declined by 4.5 percent compared to the same period last fiscal.

JK Paper: The paper & packaging board company has registered a 15% year-on-year decline in consolidated profit at Rs 283.52 crore for quarter ended March FY23, dented by dismal operating numbers. Revenue from operations for the quarter grew by 4.6% to Rs 1,719.4 crore compared to corresponding period last fiscal. The board has recommended a final Dividend of Rs 4 per share.

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JK Paper: The paper & packaging board company has registered a 15 percent year-on-year decline in consolidated profit at Rs 283.52 crore for the quarter ended March FY23, dented by dismal operating numbers. Revenue from operations for the quarter grew by 4.6 percent to Rs 1,719.4 crore compared to the corresponding period last fiscal. The board has recommended a final Dividend of Rs 4 per share.

Redington: The technology solutions provider has reported a 10.88% year-on-year fall in consolidated profit at Rs 310.1 crore for January-March FY23 quarter, impacted by lower operating margin. Revenue from operations was highest ever for any quarter at Rs 21,848.6 crore, growing 26.3% over same period last year supported by solid execution across businesses and geographies. The board recommended dividend of Rs 7.20 per share for FY23.

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Redington: The technology solutions provider has reported a 10.88 percent year-on-year fall in consolidated profit at Rs 310.1 crore for the January-March FY23 quarter, impacted by lower operating margin. Revenue from operations was the highest ever for any quarter at Rs 21,848.6 crore, growing 26.3 percent over the same period last year supported by solid execution across businesses and geographies. The board recommended a dividend of Rs 7.20 per share for FY23.

MRF: The tyre manufacturer has entered into a purchase agreement with First Energy 4 Private Limited for purchase of solar power and will be acquiring upto 19.10% equity of the company for Rs 13.09 crore. First Energy 4 is a solar power generation company.

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MRF: The tyre manufacturer has entered into a purchase agreement with First Energy 4 Private Limited for the purchase of solar power and will be acquiring upto 19.10 percent equity of the company for Rs 13.09 crore. First Energy 4 is a solar power generation company.

Oberoi Realty: The Mumbai-based real estate developer has recorded a 106.7% year-on-year growth in consolidated profit at Rs 480.3 crore for quarter ended March FY23, backed by healthy topline and tax writeback, but operating margin was weak. Revenue grew by 16.8% to Rs 961.4 crore compared to year-ago period. The board has approved raising upto Rs 1,500 crore via NCDs on a private placement basis.

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Oberoi Realty: The Mumbai-based real estate developer has recorded a 106.7 percent year-on-year growth in consolidated profit at Rs 480.3 crore for the quarter ended March FY23, backed by healthy topline and tax writeback, but the operating margin was weak. Revenue grew by 16.8 percent to Rs 961.4 crore compared to the year-ago period. The board has approved raising upto Rs 1,500 crore via NCDs on a private placement basis.

Amber Enterprises India: The air conditioners and its component manufacturer has recorded a 82% year-on-year growth in consolidated profit at Rs 104 crore for quarter ended March FY23. Revenue from operations for the quarter grew by 55% to Rs 3,002.6 crore compared to same period last year.

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Amber Enterprises India: The air conditioners and its component manufacturer has recorded an 82 percent year-on-year growth in consolidated profit at Rs 104 crore for the quarter ended March FY23. Revenue from operations for the quarter grew by 55 percent to Rs 3,002.6 crore compared to the same period last year.

CCL Products (India): The instant coffee maker and exporter has reported a 61.8% year-on-year growth in consolidated profit at Rs 85.3 crore for March FY23 quarter, supported by lower tax cost and higher topline. Revenue for the quarter at Rs 520 crore grew by 38.2% over same period last year.

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CCL Products (India): The instant coffee maker and exporter has reported a 61.8 percent year-on-year growth in consolidated profit at Rs 85.3 crore for the March FY23 quarter, supported by lower tax cost and higher topline. Revenue for the quarter at Rs 520 crore grew by 38.2 percent over the same period last year.

Buzzing Stocks: Bharti Airtel, JSPL, BPCL, Redington, Oberoi Realty & others in news today

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