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Stock In News:- Axis Bank: The private sector lender has posted loss of Rs 5,728.4 crore for March FY23 quarter against profit of Rs 4,117.8 crore in same period last year. The loss was due to the buying cost of Citi Bank's India consumer business during the quarter. Profit excluding the impact of exceptional items would have been Rs 6,625.29 crore for the quarter, a 61% growth YoY. Net interest income grew by 33.1% YoY to Rs 11,742.2 crore in Q4FY23. Tech Mahindra: The IT services provider has reported a 13.8% sequential decline in consolidated profit at Rs 1,117.7 crore on weak operating performance and lower topline growth. Numbers missed analysts' expectations on all fronts. Revenue dropped 0.1% QoQ to Rs 13,718.2 crore during the quarter. The revenue growth in constant currency terms came in at 0.3%, while the deal wins were at $582 million in Q4FY23. ACC: The cement company has reported a 40.5% year-on-year decline in consolidated profit at Rs 235.7 crore for Q4FY23, impacted partly by weak operating performance and exceptional loss. Revenue grew by 8.2% YoY to Rs 4,790.9 crore for the quarter. On the operating front, EBITDA fell 26.2% YoY to Rs 468.52 crore with margin falling 456 bps YoY to 9.78% during the quarter. The board has recommended dividend of Rs 9.25 per share for FY23. Wipro: The IT company has recorded a 0.7% sequential growth in consolidated profit at Rs 3,074.5 crore for quarter ended March FY23, while revenue declined 0.2% QoQ to Rs 23,190.3 crore for the quarter. IT services business revenue increased by 0.7% sequentially to $2,823 million, with constant currency revenue growth declining 0.6%. Wipro said the board has approved share buyback worth Rs 12,000 crore at Rs 445 per share. LTIMindtree: The IT company said its consolidated profit grew by 11.3% QoQ to Rs 1,113.7 crore and revenue increased by 0.8% to Rs 8,691 crore compared to previous quarter. Operating numbers remained strong, boosting bottomline. Revenue in dollar terms increased by 1% QoQ to $1,057.5 million and the same in constant currency grew 0.7%. The board recommended final dividend of Rs 40 per share for FY23. Godrej Consumer Products: The company has acquired FMCG business of Raymond Consumer Care. The acquisition cost is Rs 2,825 crore and the deal is expected to be completed by May 10. HDFC Bank: The country's largest private sector lender said the board of directors has approved the appointment of Kaizad Bharucha as Deputy Managing Director, and Bhavesh Zaveri as Executive Director of the bank for three years from April 19, 2023. IRB Infrastructure Developers: The infrastructure company has emerged as the selected bidder for the project of tolling, operation, maintenance & transfer (TOT) of Nehru Outer Ring Road in Hyderabad, Telangana. The total length of the project road is 158 km. The company has received Letter of Award from Hyderabad Metropolitan Development Authority (HMDA). IRB will pay upfront concession fee of Rs 7,380 crore to HMDA for revenue-linked concession period of 30 years. HFCL: The company along with its material subsidiary HTL has received the purchase orders of Rs 65.72 crore from Reliance Retail for supply of optical fiber cables to one of the leading private telecom operators of the country. PI Industries: The company through subsidiaries will acquire 100% stake in Therachem Research Medilab (TRM India) for $42 million, 100% stake in Solis Pharmachem for $3 million, and 100% stake in Archimica S.p.A. for 34.2 million euro, and certain assets of TRM US for $5 million.

Results on April 28: UltraTech Cement, SBI Cards and Payment Services, CSB Bank, L&T Finance Holdings, Mahindra & Mahindra Fin. Vedant Fashions, Atul, CarTrade Tech, eMudhra, Himadri Speciality Chemical, Ramkrishna Forgings, Star Health and Allied Insurance Company, Tata Metaliks .

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Stock in News:- Hindustan Unilever is expected to see a 13% year-on-year jump in both top line and bottom line for the quarter ended March 2023. The company will announce its Q4 FY23 results on April 27. According to a poll of brokerages, HUL's standalone Q4 revenue is seen at Rs 15,277 crore and net profit at Rs 2,584 crore. Bajaj Finance: The non-banking finance company recorded a 30% year-on-year growth in profit at Rs 3,158 crore for quarter ended March FY23 despite 22.4% increase in loan losses and provisions in the same period. Net interest income for the quarter grew by 28% to Rs 7,771 crore compared to year-ago period, with number of new loans booked during Q4FY23 increasing by 20% to 7.56 million YoY. HDFC Life Insurance Company: The life insurance company has reported a 0.3% year-on-year growth in standalone profit at Rs 358.66 crore for March FY23 quarter. Net premium income for the quarter at Rs 19,426.6 crore increased by 36% over a year-ago period, and net commission jumped 79% to Rs 1,111.4 crore during the same period L&T Technology Services: The L&T Group company has recorded 2% sequential growth in profit at Rs 309.6 crore for March FY23 quarter. Revenue grew by 2.3% QoQ to Rs 2,096.2 crore, while revenue in dollar terms increased by 2.8% and 2.2% in constant currency terms for Q4FY23 QoQ. The deal wins for the quarter were $70 million. The board recommended final dividend of Rs 30 per share for FY23. Voltas: The home appliances company has posted a 21.2% year-on-year decline in consolidated profit at Rs 143.92 crore for quarter ended March FY23 dented by weak operating performance. Revenue grew by 10.88% YoY to Rs 2,957 crore in Q4FY23 YoY, while EBITDA fell 16.4% YoY to Rs 218.2 crore with margin declining 240 bps at 7.4% for the quarter. The board recommended dividend of Rs 4.25 per share for FY23. HCL Technologies: Global pigment manufacturer Heubach Group has selected HCL Tech to drive its digital transformation agenda. HCL Tech will deliver an IT system for Heubach Group across 11 countries to include deployment of hybrid cloud, cybersecurity solutions, end-user services and secure networks. Rail Vikas Nigam: Finance Minister has approved the upgradation of Rail Vikas Nigam to Navratna CPSE. RVNL will be the 13th Navratna amongst the CPSEs. RVNL is a Ministry of Railways CPSE with an annual turnover of Rs 19,381 crore and net profit of Rs 1,087 crore for FY22. IDFC First Bank: The bank said its Board of Directors will be meeting on April 29 to consider an enabling proposal of borrowing via issuance of debt securities, on private placement basis, in one or more tranches. City Union Bank: The Reserve Bank of India has given its approval for the re-appointment of N Kamakodi as the Managing Director & CEO of the bank. He will remain MD & CEO of the bank for three years with effect from May 1. Central Bank of India: The public sector lender said the Board of Directors will meet on April 29 to consider the capital raising plan for FY24 via follow-on public offer, or Rights issue, or qualified institutional placement, or preferential issue, and/or issue of BASEL III compliant AT1/Tier II bonds.

Results on April 27: Axis Bank, Wipro, Tech Mahindra, ACC, Bajaj Finserv, Aarti Surfactants, Aditya Birla Sun Life AMC, Chennai Petroleum Corporation, Coforge, Dwarikesh Sugar Industries, Gateway Distriparks, Glenmark Life Sciences, Indian Hotels, Laurus Labs, LTIMindtree, Motilal Oswal Financial Services, Mphasis, Shriram Finance, Tinplate Company of India, Trent, Welspun India