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May 11, 2023

Dr. Reddy’s Lab: The firm reported a hike of 890% in its consolidated net profit of Rs 960.1 crore for Q4 ended March 2023 vs Rs 97 crore in the same quarter last year. Revenue from operations rose by 15.28% at Rs 5,843 crore in Q4 FY23 vs Rs 5,068.4 crore in Q4 FY22.

L&T: The firm reported a y-o-y growth of 10% in consolidated net profit for the March quarter to Rs 3,987 crore. Consolidated revenue saw a 10.4% YoY rise to Rs 58,335.15 crore.

Raymond: For the repayment of external debt, the company’s board has approved NCDs issuance for an amount of Rs 2,200 crore in two or more tranches on a private placement basis to Raymond Consumer Care associate of the company.

Bharti Airtel: The firm announced crossing the 2 million plus unique 5G user mark on its network in Andhra Pradesh and Telangana.

JSW Steel: The firm reported a 7% rise in standalone crude steel production of 1.7 MT for April 2023 vs 1.66 MT for April 2022.

ONGC: The firm likely has stopped receiving its share of oll from Russia’s Sakhalin-1 and instead will get a dividend from the field.

Nuvoco Vistas: With effect from September 2023, the board reappoints Jayakumar Krishnaswamy as the MD of the company for a further period of 5 years.

Lupin: The firm reported a 55% dip in its YoY profit after tax of Rs 142 crore for the March quarter of 2023 vs Rs 314 crore in the March quarter of 2022. Whereas, the company’s income saw an 18.39% YoY hike to Rs 5,252 crore vs Rs 4,437 crore Q4FY22