Stocks in news: Impact of Q1 results on HDFC Bank and Oberoi Realty on July 18

The shares of Oberoi are up 1.38 per cent, while, despite decent results, HDFC Bank is down 1.3 per cent.

HDFC Bank   

The largest private sector bank in India, HDFC Bank reported its Q1 FY23 results on Saturday, July 16. In the latest June quarter, on a consolidated basis, the bank's net profit increased by 21.11 per cent to Rs 9,616.67 crore from Rs 7,940.28 crore for the same quarter the year prior. Whereas total revenue climbed by 13.53 per cent to Rs 44,202.32 crore from Rs 38,933.63 crore in the same quarter the previous year.  

However, as the bank missed market expectations, despite decent growth in both bank’s topline and bottom line, at 1 pm, the shares of HDFC Bank are down 1.3 per cent for the day.  

Oberoi Realty  

Oberoi Realty also reported its Q4 results last week. The company delivered stellar results, showcasing more than 3 times YOY increase in its net profit number from Rs 110.65 crore in Q1 FY22 to Rs 403.08 crore in Q1 FY23. The revenue number also jumped by 221 per cent YOY to Rs 913.11 crore, as against Rs 294.77 crore in the same quarter of last fiscal year. 

Oberoi Realty is a real estate company, headquartered in Mumbai. The company operates in three segments- Residential Projects, Rental Income, and Hospitality and Property management Services. The company belongs to BSE group ‘A’ and has a market capitalisation of Rs 31,360 crore. 

On July 18, the stock opened at Rs 872. At 1 pm, the shares of Oberoi Realty are trading at Rs 860.4 with 1.38 per cent gain for the day. The stock has a 52-week high and low of Rs 1051.9 and Rs 643.95, respectively.