Buzzing Stocks: Today's stocks to watch are Dalmia Bharat, Bajaj Auto, and Maruti Suzuki.

Results on April 26: Today is the day that Maruti Suzuki India, Bajaj Finance, HDFC Life Insurance Company, Indus Towers, SBI Life Insurance Company, L&T Technology Services, KPIT Technologies, Can Fin Homes, IIFL Finance, Oracle Financial Services Software, Poonawalla Fincorp, Shoppers Stop, Supreme Petrochem, Syngene International, Tanla Platforms, UTI Asset Management Company, and Voltas are scheduled to release their quarterly results.

Bajaj Auto: Despite strong topline and operating performance, which were influenced by high base, the two- and three-wheeler manufacturer recorded a year-over-year fall in standalone profit of 2.5 percent at Rs. 1,433 crore for the quarter ended March FY23. Despite a 12.5% decline in sales volumes, the quarter's revenue of Rs 8,905 crore increased over the same period last year by 11.66%. EBITDA increased by 220 bps YoY for the quarter, or 25.7%, to Rs 1,717 crore. For FY23, the firm declared a dividend of Rs 140 per share.
 

Tata Consumer Products: In all respects, the FMCG company's Q4FY23 results exceeded expectations. Revenue from operations increased by 14% to Rs 3,618.7 crore during the quarter, while profit improved by 21% YoY to Rs 289.6 crore. These increases were primarily the result of underlying growth of 15% in India business, 6% in overseas business, and 9% in non-branded business. With a margin increase of 10 bps to 14.1%, EBITDA for the quarter, which totaled Rs 511.7 crore, increased by 15.2% over the same period last year. The business declared a final dividend per share of Rs 8.45.
 

Mahindra Lifespace Developers: Due to a high base, the real estate developer reported a profit of Rs 0.54 crore for the quarter ended March FY23, a significant decrease from Rs 137.7 crore in the same period last year. In Q4FY22, the company posted extraordinary profits of Rs 96.8 crore. Operations revenue for the quarter were Rs 255.4 crore, up 57.8% from the same time last year.
 

Cipla: With effect from April 28, 2023, Madison Pharmaceuticals Inc., a fully owned step-down subsidiary of Cipla in Delaware, USA, will be dissolved. Madison is a dormant entity, thus its performance and earnings will not be impacted by this dissolution.
 

Dalmia Bharat: Despite lower margin, the business recorded a staggering 121.4% year-over-year increase in Q4FY23 consolidated profit at Rs 589 crore, helped by profit from joint ventures of Rs 529 crore in Q4FY23 compared to nil in same period last year. Operations revenue climbed by 15.7% YoY to Rs 3,912 crore, while EBTIDA increased by 3.5% YoY to Rs 707 crore. However, margin for the quarter decreased by 213 bps YoY to 18.07%. For FY23, the firm declared a final dividend of Rs 5 per share.
 

UCO Bank: According to the bank, the Board of Directors meeting is scheduled for May 2 and will be used to discuss raising equity capital during Fiscal Year 24 using a variety of methods, including follow-on public offerings (FPOs), qualified institutional placements (QIPs), preferential issues, etc. Additionally, the bank will reveal its financial performance for the three months ended March 2023 and any dividends paid out for FY23.
 

AU Small Finance Bank: For the quarter that ended in March of FY23, the small finance bank saw a 23% year-over-year increase in profit at Rs 425 crore, with provisions and contingencies reducing 56% YoY. For the quarter, net interest income increased by 29.5% YoY to Rs 1,213 crore. Asset quality improved for Q4FY23, with net non-performing assets (NPA) falling 9 bps QoQ to 0.42% and gross non-performing assets (NPA) as a percentage of gross loans lowering 15 bps QoQ to 1.66%.

Mahindra CIE Automotive: The auto auxiliary company had a 73% increase in profit year over year for the March FY23 quarter, which was aided in part by solid operating and topline results. When compared to the same quarter last year, operating revenue increased by 18.4% to Rs 2,440.2 crore in Q1CY23. With a 200 bps margin expansion, EBITDA for the quarter grew 36% YoY to Rs 380.6 crore.

VST Industries: Due to a weaker operating performance and lower topline, the manufacturer of cigarettes reported a 21.2% year-over-year fall in Q4FY23 earnings at Rs 68.7 crore. To reach Rs 389.1 crore, revenue for the quarter decreased by 2.8% YoY. The business declared a final dividend per share of Rs 150.

Nippon Life India Asset Management: The company's consolidated profit increased by 13.25% year over year to Rs 198.02 crore for the quarter ended March FY23, mostly due to lower tax expenses. For the quarter, operating revenue increased by 3% YoY to Rs 348.34 crore. A dividend of Rs 7.5 per share for FY23 has been declared by the board.

India's Rallis: For the quarter that ended in March of FY23, the Tata Group company reported a loss of Rs 69.1 crore, up from Rs 14.1 crore during the same time in FY22. In Q4FY23, operating revenue increased by 3% YoY to Rs 522.6 crore. The business has declared a 2.5 rupee dividend per share.

Anant Raj: Due to strong topline and operating performance, the real estate company reported consolidated profit of Rs 49.4 crore for the quarter ended March FY23, an increase of 118% YoY. For the quarter, revenue increases 30% YoY to Rs 280 crore.

KPI Green Energy: The business has announced the completion of a 26.10 MW wind-solar hybrid power project in the Gujarati city of Bhavnagar. The 26.10MW wind-solar hybrid power project includes 10MWdc solar capacity and 16.10MW wind capacity under the company's IPP division.

Stove Kraft: At an average price of Rs 373 per share, Emerging Business Fund purchased 3.03 lakh shares, or 0.91% of the cooking equipment producer.
 

WF Asian Reconnaissance Fund, a foreign portfolio investor, sold 14.84 lakh equity shares in CMS Info Systems through open market transactions at an average price of Rs 280.02 per share and 14.82 lakh shares at an average price of Rs 280.01 per share, totaling Rs 83 crore. As of March 2023, 5.73% of the total stake was held; the total stake sold was 1.92%. However, at an average cost of Rs 280 a share, ICICI Prudential Mutual Fund purchased an additional 7.81 lakh shares in CMS.