{"id":18963,"date":"2023-07-28T21:54:30","date_gmt":"2023-07-28T16:24:30","guid":{"rendered":"https:\/\/www.moneyworks4me.com\/investmentshastra\/?p=18963"},"modified":"2023-08-08T12:29:21","modified_gmt":"2023-08-08T06:59:21","slug":"q1fy24-result-updates-28-july-2023","status":"publish","type":"post","link":"https:\/\/www.moneyworks4me.com\/investmentshastra\/q1fy24-result-updates-28-july-2023\/","title":{"rendered":"Q1FY24 Result Updates (Reliance Ind, L&#038;T, Tata Motors, Bajaj Auto, Tech Mahindra)"},"content":{"rendered":"<p>Dear Readers,<\/p>\n<p>Welcome to our weekly company result update note. We understand the importance of staying up-to-date with the latest financial developments of the companies you have invested in. That&#8217;s why we are committed to providing you with short and insightful information about the earnings and performance of the companies in our coverage.<\/p>\n<h2>Reliance Industries<a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ril-1.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18965 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ril-1-600x278.png\" alt=\"Reliance Industries\" width=\"600\" height=\"278\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ril-1-600x278.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ril-1-150x70.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ril-1-768x356.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ril-1-270x125.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ril-1-370x172.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ril-1.png 992w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/h2>\n<p><em>Muted O2C performance and higher tax expense has dragged overall profitability, positive sequentially.<\/em><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/oil-gas\/refineries\/reliance-industries\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>Tech Mahindra<\/h2>\n<p style=\"text-align: center;\"><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tech-mahindra.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-18966 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tech-mahindra-600x160.png\" alt=\"Tech Mahindra\" width=\"600\" height=\"160\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tech-mahindra-600x160.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tech-mahindra-150x40.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tech-mahindra-768x205.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tech-mahindra-270x72.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tech-mahindra-370x99.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tech-mahindra.png 983w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>Net new deal TCV declined sharply at USD 359mn, -50% YoY which shall impact near term growth. Disappointing results, recovery might take longer than expected.<\/em><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/it-ites\/it-software\/tech-mahindra\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>Larsen &amp; Toubro<\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/Lnt.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18967 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/Lnt-600x124.png\" alt=\"\" width=\"600\" height=\"124\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/Lnt-600x124.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/Lnt-150x31.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/Lnt-768x158.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/Lnt-270x56.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/Lnt-370x76.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/Lnt.png 986w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>Strong results on all major fronts, robust orderbook gives good visibility of growth.<\/em><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/construction-infrastructure\/engineering-construction\/larsen-toubro\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>Tata Motors<\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tata-motos.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18968 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tata-motos-600x182.png\" alt=\"\" width=\"600\" height=\"182\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tata-motos-600x182.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tata-motos-150x46.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tata-motos-768x233.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tata-motos-270x82.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tata-motos-370x112.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tata-motos.png 984w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>Strong results led by JLR. Steady pipeline of CNG\/EV Models in PV space provides pipeline for further growth. Tata Motors Board has approved a proposal for converting its DVR (Differential Voting Rights) shares into ordinary shares (7 TTMT shares for every 10 DVR shares). This will reduce the share capital by 4% making it EPS accretive.<\/em><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/automobiles\/automobiles-trucks-lcv\/tata-motors\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>Bajaj Auto<\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bajaj-auto.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18969 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bajaj-auto-600x146.png\" alt=\"\" width=\"600\" height=\"146\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bajaj-auto-600x146.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bajaj-auto-150x36.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bajaj-auto-768x187.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bajaj-auto-270x66.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bajaj-auto-370x90.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bajaj-auto.png 988w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>Good performance even after the slowdown in exports.<\/em><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/automobiles\/automobile-two-three-wheelers\/bajaj-auto\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>TVS Motors<\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tvs-motor.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18970 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tvs-motor-600x124.png\" alt=\"\" width=\"600\" height=\"124\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tvs-motor-600x124.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tvs-motor-150x31.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tvs-motor-768x158.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tvs-motor-270x56.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tvs-motor-370x76.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/tvs-motor.png 985w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>Healthy performance on market share gains and ramp up of EV sales.<\/em><\/p>\n<h2 style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/automobiles\/automobile-two-three-wheelers\/tvs-motor\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/h2>\n<h2>ACC Ltd<\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/acc.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18971 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/acc-600x139.png\" alt=\"\" width=\"600\" height=\"139\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/acc-600x139.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/acc-150x35.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/acc-768x178.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/acc-270x63.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/acc-370x86.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/acc.png 996w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>Strong performance as a result of volume growth supported by reduced fuel cost, we expect sustained performance going forward.&nbsp;<\/em><\/p>\n<h2 style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/construction-infrastructure\/cement-construction-materials\/acc\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/h2>\n<h2>Cipla Ltd<\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/cipla.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18972 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/cipla-600x139.png\" alt=\"\" width=\"600\" height=\"139\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/cipla-600x139.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/cipla-150x35.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/cipla-768x178.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/cipla-270x63.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/cipla-370x86.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/cipla.png 994w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>Stellar performance on all fronts. Traction driven by chronic therapy solutions in domestic market as well as better execution in base business. Higher-than-expected revenue contribution from gRevlimid (myeloma cancer medication) also aided growth. &nbsp;<\/em><\/p>\n<h2 style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/healthcare\/pharmaceuticals-drugs\/cipla\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/h2>\n<h2>Dr Reddy&#8217;s Laboratories Ltd<\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/dr-reddy.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18973 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/dr-reddy-600x159.png\" alt=\"\" width=\"600\" height=\"159\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/dr-reddy-600x159.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/dr-reddy-150x40.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/dr-reddy-768x203.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/dr-reddy-270x71.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/dr-reddy-370x98.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/dr-reddy.png 1001w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>Good performance on uptick in exports across North America business and favorable seasonality in the Russia business.<\/em><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/healthcare\/pharmaceuticals-drugs\/dr-reddys-lab\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>Syngene International Ltd<\/h2>\n<p><em><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/syngine.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18974 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/syngine-600x144.png\" alt=\"\" width=\"600\" height=\"144\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/syngine-600x144.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/syngine-150x36.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/syngine-768x184.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/syngine-270x65.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/syngine-370x89.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/syngine.png 1003w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/em><\/p>\n<p><em>Healthy results aided by currency benefits (7% positive impact).<\/em><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/miscellaneous\/miscellaneous\/syngene-internation\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>Ajanta Pharma Ltd<\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ajanta-pharma.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18975 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ajanta-pharma-600x125.png\" alt=\"\" width=\"600\" height=\"125\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ajanta-pharma-600x125.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ajanta-pharma-150x31.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ajanta-pharma-768x159.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ajanta-pharma-270x56.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ajanta-pharma-370x77.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/ajanta-pharma.png 1002w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>Company reported good results on performance across therapeutic brand portfolio.<\/em><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/healthcare\/pharmaceuticals-drugs\/ajanta-pharma\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>Mahindra Logistics Ltd<\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/mahindra-log.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18976 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/mahindra-log-600x160.png\" alt=\"\" width=\"600\" height=\"160\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/mahindra-log-600x160.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/mahindra-log-150x40.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/mahindra-log-768x204.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/mahindra-log-270x72.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/mahindra-log-370x98.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/mahindra-log.png 993w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>In line performance- while operating margins were not hurt, PAT losses are due to IND 116 (lease accounting) which results in front loading of interest cost (flattish QoQ).<\/em><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/transportation-logistics\/logistics\/mahindra-logistics\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>Aegis Logistics Ltd<\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/aegis.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18977 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/aegis-600x121.png\" alt=\"\" width=\"600\" height=\"121\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/aegis-600x121.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/aegis-150x30.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/aegis-768x155.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/aegis-270x55.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/aegis-370x75.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/aegis.png 995w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>Overall good performance, minor decline in revenues is not to be read into.<\/em><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/transportation-logistics\/logistics\/aegis-logistics\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>Blue Dart Express Ltd<\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bluedart.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18978 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bluedart-600x139.png\" alt=\"\" width=\"600\" height=\"139\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bluedart-600x139.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bluedart-150x35.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bluedart-768x178.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bluedart-270x62.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bluedart-370x86.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/bluedart.png 994w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>Weak results but freight cost pass through expected in coming few quarters will lead to margin recovery.<\/em><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/transportation-logistics\/courier-services\/blue-dart-express\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>Coromandel International Ltd<\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/coromandal.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18979 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/coromandal-600x103.png\" alt=\"\" width=\"600\" height=\"103\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/coromandal-600x103.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/coromandal-150x26.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/coromandal-768x132.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/coromandal-270x46.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/coromandal-370x64.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/coromandal.png 995w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>Steady performance on back of strong volumes and sustained margins despite challenging business environment.<\/em><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/chemicals-fertilizers\/fertilizers\/coromandel-interntl\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>BASF India Ltd<\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/basf.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18980 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/basf-600x163.png\" alt=\"\" width=\"600\" height=\"163\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/basf-600x163.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/basf-150x41.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/basf-768x208.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/basf-270x73.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/basf-370x100.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/basf.png 984w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>Subdued results on account of industry wide low demand scenario and weak performance in key segment.&nbsp;<\/em><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/chemicals-fertilizers\/pesticides-agrochemicals\/basf-india\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>SRF Ltd<\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/sef.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18981 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/sef-600x143.png\" alt=\"\" width=\"600\" height=\"143\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/sef-600x143.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/sef-150x36.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/sef-768x183.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/sef-270x64.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/sef-370x88.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/sef.png 986w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>Weak results and near term headwinds due to down cycle in packaging film business as well as China dumping issues in chemical segment.<\/em><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/chemicals-fertilizers\/chemicals\/srf\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>Astec Lifesciences Ltd<\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/astec.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18982 size-medium\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/astec-600x142.png\" alt=\"\" width=\"600\" height=\"142\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/astec-600x142.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/astec-150x35.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/astec-768x181.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/astec-270x64.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/astec-370x87.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/07\/astec.png 983w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<p><em>Poor results on sluggish demand environment impacting volumes.<\/em><\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/chemicals-fertilizers\/pesticides-agrochemicals\/astec-lifesciences\/company-info#decision-maker-anchor-link\">Check, 10-Year X-ray Now!<\/a><\/p>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/payment\/index\/subscribe-superstars-offer\/?from=investmentshastra-q1fy24-results-28-july23-update-blog\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-18657 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner.png\" alt=\"core 50 superstars banner\" width=\"850\" height=\"251\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner.png 850w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner-600x177.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner-150x44.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner-768x227.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner-270x80.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner-370x109.png 370w\" sizes=\"(max-width: 850px) 100vw, 850px\" title=\"\"><\/a><br \/>\n<strong><span style=\"text-decoration: underline;\">Best Stocks From<\/span>:<\/strong><\/p>\n<p><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #1eaf6d; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/alpha-case\/index\/alpha-case\/id\/92\/strategy\/undervalued\/casename\/All%20Weather\">All Weather Alpha Case<\/a>&nbsp;&nbsp;<a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #1eaf6d; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/stock-screener\">Screener<\/a> <a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #1eaf6d; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/alpha-case\">Alpha Cases<\/a> &nbsp;<a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #1eaf6d; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/business-houses\/\">Business Houses Group<\/a><\/p>\n<hr>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/\"><img decoding=\"async\" style=\"float: left; height: 100px; padding-right: 16px; margin-left: 40px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/07\/logo-mw4me.png\" alt=\"\" title=\"\"> <\/a> <a class=\"hide-mobile\" href=\"https:\/\/t.me\/mw4me\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"float: left; height: 100px; padding-right: 16px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/investments-shastra-blog.png\" alt=\"\" title=\"\"> <\/a><\/p>\n<div class=\"hide-mobile\" style=\"height: 100px; padding-top: 15px;\"><strong style=\"font-size: 15px; color: #32aadf;\">Join our Telegram Channel:<\/strong><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/fundamentalstockinvesting\">Stock Investing<\/a><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/mutualfundinvesting\">Mutual Fund Investing<\/a><\/div>\n<p>&nbsp;<\/p>\n<div class=\"hide-desktop\" style=\"float: left; width: 100%; text-align: center; padding-bottom: 15px;\"><a href=\"https:\/\/t.me\/mw4me\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"height: 100px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/investments-shastra-blog.png\" alt=\"\" title=\"\"><\/a><br \/>\n<strong style=\"font-size: 15px; color: #32aadf;\">Join our Telegram Channel:<\/strong><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/fundamentalstockinvesting\">Stock Investing<\/a><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/mutualfundinvesting\">Mutual Fund Investing<\/a><\/div>\n<div style=\"text-align: center;\">\n<p><span style=\"color: #0070c0;\"><b>Need help on Investing? And more<\/b><b>\u2026.<\/b><b>Puchho<\/b> <b>Befikar<\/b><\/span><\/p>\n<div class=\"puchhoBefikarIcon\"><img decoding=\"async\" loading=\"lazy\" class=\"\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/puchho-befikar-logo.png\" width=\"59\" height=\"46\" alt=\"\" title=\"\"><\/div>\n<p><b><i><\/i><\/b><a href=\"https:\/\/www.youtube.com\/watch?v=iqqbuJbMlk4 \" target=\"_blank\" rel=\"noopener\">Why MoneyWorks4me<\/a> | Call: <a href=\"tel:+91 20 6725 8333\">020 6725 8333<\/a> | <a href=\"https:\/\/www.moneyworks4me.com\/dashboard\/sensible-investing\/books\/how-the-heck-to-invest-and-reach-nirvana\" target=\"_blank\" rel=\"noopener\">Ebook<\/a>&nbsp;| WhatsApp: <a href=\"https:\/\/api.whatsapp.com\/send?phone=918055769463&amp;text=Need%20any%20help?\" target=\"_blank\" rel=\"noopener\">9860359463<\/a><\/p>\n<p style=\"text-align: left;\"><strong>*<\/strong>Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.<\/p>\n<p style=\"text-align: left;\"><strong>*Disclaimer:<\/strong> The securities quoted are for illustration only and are not recommendatory<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dear Readers, Welcome to our weekly company result update note. We understand the importance of staying up-to-date with the latest financial developments of the companies you have invested in. That&#8217;s why we are committed to providing you with short and insightful information about the earnings and performance of the companies in our coverage. Reliance Industries [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":18984,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[1166,1182],"tags":[1551,1530,1549,1526],"modified_by":"MoneyWorks4me","_links":{"self":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/18963"}],"collection":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/comments?post=18963"}],"version-history":[{"count":0,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/18963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media\/18984"}],"wp:attachment":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media?parent=18963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/categories?post=18963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/tags?post=18963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}