India Movers: Coromandel International, Dr Reddy, L&T, PB Fintech, Petronet, SRF, Voltas

Arun Goswami
30 Jan, 2024
Mumbai

Voltas declined 2% to ₹1,020.0 after the home appliance maker reported a loss in its latest quarter.

Consolidated revenue in the December quarter rose 31% to ₹2,626 crore, and net loss narrowed to ₹27.6 crore from ₹110.5 crore a year ago.

Larsen & Toubro declined 1.9% to ₹3,639.85 after the infrastructure construction company estimated new order weakness in the next two quarters due to the Lok Sabha elections.

Revenue in the December quarter jumped 18.8% to ₹55,128 crore, and net income advanced 15.5% to ₹2,947 crore from ₹2,553 crore a year ago.

New orders in the quarter rose to ₹75,990 crore, driven by a 29% jump in international orders and a 44% decline in domestic orders.

Total order backlog soared to ₹4.69 lakh crore, or trillion, of which international orders are 29%, at the end of the quarter.

SRF decreased 0.8% to ₹2,227.75 after the intermediate chemicals maker reported a sharp decline in profit in its latest quarter.

Net profit in the December quarter dropped 50% to ₹253.4 crore from ₹511 crore a year ago.

Coromandel International plunged 7.7% to ₹1,050.0 after the crop protection fertilizer maker reported a sharp decline in its quarterly profit.

Consolidated net profit in the December quarter plunged 57% to ₹228 crore from ₹527 crore a year ago.

Petronet LNG rose 1.9% to ₹268.0 after the LNG importer and terminal operators reported a slight increase in profit in its latest quarter.

Consolidated profit in the December quarter increased 1.2% from a year ago to ₹1,903 crore.

PB Fintech gained 0.8% to ₹907.60 after the online marketplace for insurance products swung to a profit in its latest quarter.

Revenue in the December quarter rose 43% to ₹871 crore and swung to a net income of ₹37 crore from ₹87 crore a year ago.

Dr. Reddy's Laboratories declined 0.2% to ₹5,835.0 after the generic pharmaceuticals maker reported a rise in sales and earnings in its latest quarter.

Revenue in the December quarter increased 7% to 7,215 crore, and net income jumped 11% to 1,379 crore from a year ago, respectively.