HDFC Bank: The private lender on Saturday reported a 20.1% year-on-year (YoY) rise in net profit to Rs 10,605.8 crore for the second quarter of the financial year 2022-23. Net interest income (NNI) grew by 18.9% to Rs 21,021.2 crore, and the loan book grew 19% against the year-ago period. The lender reported improvement in asset quality with the gross non-performing assets (NPA) ratio was 1.23%, from 1.28% a quarter ago. The net NPA reported is 0.33% against 0.35% in the earlier quarter.

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Avenue Supermarts: The D-Mart retail chain owner on Saturday reported a 64.13% year-on-year rise in consolidated net profit at Rs 685.71 crore for the second quarter of the financial year 2022-23, with revenue rising 36.58% to Rs 10,638.33 crore. The total expenses were up by 36.93% to Rs 9,925.95 crore. EBITDA climbed 33.4% to Rs 892 crore compared to the year-ago period, but the margin fell 20 bps to 8.4%. 

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L&T Infotech: The IT company on Saturday reported a 23% rise in consolidated net profit at Rs 679.8 crore for the second quarter of FY23, with revenue rising 28.39 year-on-year to Rs 4,836.7 crore and EBIT at Rs 780.9 crore. Revenue in dollar terms grew by 3.6% quarter-on-quarter to $601 million and constant currency revenue growth stood at 4.6% quarter-on-quarter.

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Shree Cement: The cement company on Friday reported a 67.5% year-on-year decline in consolidated net profit at Rs 189.6 crore for the second quarter of the financial year 2022-23, impacted by weak operating performance and higher power and fuel cost. Gross revenue from operations grew by 17.9% year-on-year to Rs 3,780.9 crore in the reviewed quarter. At the operating level, EBITDA fell 41.7% to Rs 523.3 crore hit by freight & forwarding expenses. Margin tanked 1,420 bps to 13.8% compared to the year-ago period.

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Bajaj Auto: The company has reported a 15.7% year-on-year decline in consolidated profit at Rs 1,719.4 crore for the second quarter of the financial year 2022-23 as the profit in Q2FY22 was boosted by exceptional income. Revenue grew by 16.4% to Rs 10,202.7 crore, while EBITDA jumped 25% to Rs 1,749.6 crore and margin expanded by 120 bps year-on-year to 17.2% in Q2FY23.

Oberoi Realty: The real estate company recorded a 19.5% year-on-year growth in consolidated profit at Rs 318.62 crore for the second quarter of the financial year 2022-23, led by an increase in income from joint ventures against significantly low income in the year-ago period. Revenue declined 8.7% year-on-year to Rs 688.6 crore in the second quarter of the financial year 2022-23.

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Dilip Buildcon: The construction company has received a project from Gujarat Metro Rail Corporation worth Rs 702 crore. The completion period for the said project is stated as 26 months.

ZEE Entertainment Enterprises: Equity shareholders of the company have given approval to the proposed merger of ZEE and Bangla Entertainment with and into Culver Max Entertainment, formerly Sony Pictures Networks India. ZEE already received approval from the Competition Commission of India (CCI) for the merger on October 4, and also received approvals from the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in July 2022.