Most companies have already posted their results for the March quarter of FY23. Some have missed analyst expectations, whereas others have met or exceeded their expectations. The banking sector stood out with an impressive performance, led by an increase in net interest income, growth in advances, expansion in net interest margins, and fall in provisions. A few other sectors that did well include auto, FMCG and oil marketing companies.
Here are a few Nifty 500 companies that witnessed a significant increase in their net profit margins year-on-year (YoY):
Indian Hotels Co Ltd (IHCL):
The Tata Group company owns, operates and manages hotels, palaces and resorts. IHCL is a small-cap company with a market capitalization of ₹ 55,069 crores and its shares were trading at ₹ 392.75 apiece on Tuesday.
The company’s net profit margin increased from 8.51% in the March quarter of FY22 to 20.20% in the March quarter of FY23, translating to an increase of 11.69%.
Phoenix Mills Ltd:
Phoenix Mills is engaged in the operation & management of malls, construction of commercial & residential property and hotel business in India. It is a mid-cap company with a market capitalization of ₹ 28,414 crores and its shares were trading at ₹ 1588.25 apiece.
The company’s net profit margin climbed 13.7% from 21.15% in the March quarter of FY22 to 34.85% in the March quarter of FY23.
Natco Pharma Ltd:
Natco Pharma is a vertically integrated, research and development-focused pharmaceutical company engaged in developing, manufacturing, and marketing complex products for niche therapeutic areas. It is a small-cap company with a market capitalization of ₹ 11,142 crores and its shares were trading at ₹ 621.00 apiece.
The company’s net profit margin increased by 39.18% from -8.46% in the March quarter of FY22 to 30.72% in the March quarter of FY23.
Great Eastern Shipping Company Ltd:
The Great Eastern Shipping Company is a major player in the Indian shipping and oil drilling services industry. It is a small-cap company with a market capitalization of ₹ 10,2344 crores and its shares were trading at ₹ 721.50 apiece.
The company’s net profit margin grew by 28.95% from 20.63% in the March quarter of FY22 to 49.58% in the March quarter of FY23.
Written By Simran Bafna
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