The Quarterly Results of Asian Paints, Kotak Bank, Tata Group, etc., were Very Good. Let’s know what the Results were
Asian Paints:- The company has registered a profit of Rs 803.83 crore with a growth of 32.8% in the Net Profit for the second quarter ended September 30, 2022, due to strong sales. Asian Paints Company said that the company made a net profit of Rs 605.17 crore in the same quarter of the previous financial year.
Kotak Bank:– The bank Reported Quarterly Results for September with a 2131 crore profit. In the same quarter of last year, a profit of 1854 crores was registered. Kotak Bank is reporting a profit of 14.94% year-on-year. Meanwhile, PAT increased 31% year on year to Rs 3403 crore from Rs 2602 crore in the previous quarter.
Tata Consumer:-Tata Consumer Company did good business in the quarter 3 results. The company reported a 22.4% Increase in net profit to a profit of Rs 328 crore. The same revenue grew by more than 11%, to Rs 3363 crore.
Net profit when Revenue Exceeds Expectations
There was a gleam in the Quarterly Results of the Diwali season.
Reliance Retail:-The company registered a profit of Rs 2305 crore with 36% growth.
2305 crores, with a growth of 36% in the month of September,
recorded profit. Ambani’s retail company reported a 42.9% year-on-year increase in revenue during the quarter to Rs 64920 crore. Reliance Retail increased its EBITDA by 51.2% to Rs. 4404 crores. Blue-chip companies are having a lot of fun during the Diwali season. Some blue-chip companies are reporting profits of more than 20% year on year. Consumer-related companies registered their good performances. The market gained some strength as a result of the same companies’ positive results.
Reliance Financial Services will Announce the Demerger and Listing.
According to Reliance Industries, it will demerge its financial services into RSIL and rename it Jio Financial Services (JFS). On Friday, October 21, the company announced that it would rename the demerged JFSL into its financial company, i.e., RSIL. The company says that JSFL will be listed on the stock market exchange, i.e., the Sensex and Nifty. This important decision has been taken at the meeting of the Board of Directors. Let us tell you that for the last few years, Reliance Industries has been doing very good business in the market. In the last few years, Reliance has created a lot of buzz in the market by taking over large retail groups like Big Bazaar. The company is growing by more than 30% year after year, which is also benefiting the shareholders.
