ARG Group

2023-04-17 09:56:27 OPTION UPDATE NIFTY 17600 CE book profit @ 144 Open / Comment

2023-04-17 09:18:54 OPTIONS BUY ADANIENT 1900 CE BETWEEN 77-81 SL 55 TARGET 127 Open / Comment

2023-04-17 09:08:32 OPTION BUY NIFTY 17600 CE @ 125-130 SL 90 TGT 185 Open / Comment

2023-04-17 08:13:26 AR POSITIONAL UPDATE BOOK PROFIT IN ITC @ 400.75 Open / Comment

2023-04-17 07:55:31 AR INTRDAY NIFTY FUT BOOK PROFIT @ 17711.50 Open / Comment

2023-04-15 12:18:11 First Cut Q4 FY23: HDFC Bank Limited (HDFCBANK)
The company’s net interest income (net interest earned less interest expended) grew 23.7% YoY to Rs.23,352 cr as compared to Rs.18,873 cr for the quarter ended March 31, 2022. Core net interest margin was at 4.1% on total assets, and 4.3% based on interest earning assets.
Pre- provision Operating profit (PPOP) at Rs.18,620 cr grew by 14.4% over the quarter ended March 31, 2022.
Provision and contingencies for the quarter ended March 31, 2023, Rs.2,685 cr as against Rs.3,312 cr. in the previous year quarter.
Profit before tax (PBT) for the quarter ended March 31, 2023, was at Rs.15,935 cr . After providing Rs.3,888 cr for taxation, the Bank earned a net profit of Rs.12,047 cr, an increase of 19.8% over the quarter ended March 31, 2022.
Gross NPA were at 1.12% of gross advances as on March 31, 2023, as against 1.23% as on December 31, 2022, and 1.17% as of March 31, 2022. Net NPA were at 0.27% of net advances as on March 31, 2023.
The bank's total capital adequacy ratio was at 19.3% as of March 31, 2023. CASA deposit grew by 11.3% with saving account deposit at Rs.562,493 cr and current account deposit at Rs.273,496 cr.
Overall, results are in line with expectation on the revenue and profitability front. Open / Comment

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2023-04-14 07:27:20 It’s Baisakhi and we wish you a harvest full of love and joy
Wishing you a all a very Happy Baisakhi! Open / Comment

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2023-04-13 16:21:48 First cut Q4 FY23: Infosys Ltd (INFY).
Revenue of the company stood at Rs. 37,441 crore in Q4 FY23, up by 16% YoY. In constant currency terms, revenue increased by 8.8% YoY.
On business segment front, revenue for Financial services, Retail, Communication, Energy Utilities, Manufacturing, Hi-Tech, Life-Sciences & Other verticals grew YoY by 0.4%, 12.6%, 0.3%, 17.1%, 26.5%, 3.7%, 15.7% & 13.4% respectively in constant currency terms.
Geography wise, revenue from North America, Europe, Rest of the World and India grew YoY by 6%, 20.3%, 3.4%, (7.1%) respectively in constant currency terms.
Large deal TCV for the quarter stood at $2.1 bn, $9.8 bn for FY23.
The management has given its revenue guidance of 4%-7% and operating margin guidance of 20% to 22% for FY24.
EBITDA of the company stood at Rs. 8,998 crores, up by 14.7% YoY and profit after tax (PAT) for the quarter came in at Rs. 6,134 crores, up by 7.7% YoY.
Operating margins and Net margins came in at 24.03% and 16.38% resp in Q4 FY23 as compared to 24.31% and 17.64% in Q4 FY22.
Voluntary employee attrition rate came at 20.9%, reduced from 24.3% QoQ.
The company has declared dividend of Rs. 17.5 per shares.
Overall, the results are in line with expectation on revenue front but below on profitability front. Open / Comment