The benchmark indices are in the green today with Sensex gaining 300 points and currently standing at Rs 61,414 and Nifty, in congruence with the former, has gained 97 points and stands at Rs 18,162.
Its results season for Indian companies and, in this article, we will analyze the results of 3 companies that were released in the last few days:
IDFC First Bank Limited
Established in 2015, IDFC First Bank provides debt financing facilities to small and middle-market companies. It caters to a wide array of industries such as luxury goods, household applicants, environmental services, and many others. The Bank offers savings and current accounts, salary accounts, NRI accounts, fixed and recurring deposits, demat accounts, etc.
Shares of the company have gained nearly 4.5 percent and currently trade at Rs 64.20. The company has a market capitalization of Rs 42,528 crores.
Coming onto the financials, the Total Income figures of the company, on a sequential basis, showed decent growth from Rs 7,064 crores in Q3 to Rs 7,822 crores in Q4. Net profits have also increased from Rs 617 crores to Rs 816 crores during the same period.
Having a yearly comparison of the above-mentioned metrics, the Total Income went up from Rs 20,345 crores in FY21-22 to Rs 27,195 crores in FY22-23. Moreover, the net profits have jumped a whopping 1,780 percent from Rs 132 crores to Rs 2,485 crores keeping the timeframe the same.
Adani Green Energy Limited
Adani Green Energy Limited (AGEL) is one of the largest renewable companies in India which is engaged in the process of developing, owning, and maintaining utility-scale grid-connected solar and wind farm projects. With a portfolio of over 50 operational projects, the company has expanded its presence across 12 Indian states.
Shares of the company have gained nearly 3.3 percent and currently trade at Rs 982.50. The company has a market capitalization of Rs 155,678 crores.
Having a look at the financials, the Total Income figures of the company, on a sequential basis, took a shift from Rs 2,258 crores in Q3 to Rs 2,988 crores in Q4. Net profits have also increased from Rs 103 crores to Rs 507 crores during the same period.
Having a yearly comparison of the above-mentioned metrics, the Total Income went up from Rs 5,548 crores in FY21-22 to Rs 8,633 crores in FY22-23. Moreover, the net profits have
jumped nearly 100 percent from Rs 489 crores to Rs 973 crores keeping the timeframe the same.
Mahindra and Mahindra Financial Services Limited
With over 24,000 employees, Mahindra & Mahindra Financial Services Limited provides a comprehensive range of financial solutions under one roof. The product portfolio of the company consists of SME finance as well as vehicle finance. It also undertakes mutual fund distribution, personal loans, and fixed deposit services which are customized to fit into the unique customer requirements.
Shares of the company have gained nearly 4 percent and currently trade at Rs 269.40. The company has a market capitalization of Rs 33,248 crores.
Digging into the financials, the revenue from operations of the company, on a sequential basis, moved from Rs 3,324 crores in Q3 to Rs 3,463 crores in Q4. Net profits have also increased from Rs 664 crores to Rs 675 crores during the same period.
Having a yearly comparison of the above-mentioned metrics, the revenue from operations went up from Rs 11,318 crores in FY21-22 to Rs 12,700 crores in FY22-23. Moreover, the net profits have jumped 80 percent from Rs 1,150 crores to Rs 2,071 crores keeping the timeframe the same.
Written by Amit Madnani
