Q2 Results Review of Majors: Adani Ports, Tech Mahindra, Sun Pharma and Naica | Tech US News

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By Malvika Gurung

Investing.com — Adani (NS:) Ports and SEZ

India’s largest private multiport operator’s consolidated net profit beat Street estimates, jumping 68.5% yoy to Rs 1,677.48 crore, while overall income from operations rose 32.8% YoY to Rs 5,210.8 crore. , which led to a 15% increase in car volume in Q2. .

H1 FY23 has been a record half-year for the company, witnessing the highest cargo volume, revenue and EBITDA.

Tech Mahindra (NS:)

The IT company’s consolidated net profit fell 4% year-on-year to Rs 1,285 crore in Q2, supported by cost inflation and supply-side pressures, among other factors, growing in the order of 13.6%. Its total revenue grew 20.6% YoY and 3.3% QoQ to Rs 13,129.5 crore in the period.

The software exporter declared a special dividend of Rs 18 per share on November 10, setting a record date.

Sun Pharmaceuticals (NS:)

The pharma major’s consolidated net profit for Q2 beat street expectations and rose 8.2% year-on-year to Rs 2,260 crore, while revenue rose nearly 14% to Rs 10,952 crore.

The drug maker’s EBITDA rose 12.5% ​​to Rs 2,957 crore and EBITDA margin widened to 27% against 24.9% estimates.

Nykaa (NS:)

The e-commerce company’s net profit rose 344% year-on-year to Rs 5.2 crore in Q2, driven by higher demand ahead of the festive season, while quarterly income from operations rose 39% to Rs 1,230.8 crore. reached

The beauty e-retailer’s EBITDA rose 11.2% to Rs 61 crore, while EBITDA margin improved to 5% from 3.3% in the year-ago period.

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