Graphite India

Revenue down 3.43% at Rs 815 crore (Bloomberg estimate: Rs 722.3 crore) Ebitda down 29.5% at Rs 62 crore (Bloomberg estimate: Rs 82 crore) Ebitda margin at 7.61% vs 10.4% (Bloomberg estimate: 11.4% Net profit down 69.5% at Rs 29 crore (Bloomberg estimate: Rs 71.7 crore) The board recommended a dividend of Rs 8.50 per share for the fiscal 2023.

May Auto Sales Estimates YoY

Ashok Leyland:* 14110 units versus 13273 units ( *Up 6.0%* ) Tata Motors:* 72600 units versus 76210 units ( *Down 4.7%* ) M&M Total:* 66500 units versus 53726 units ( *Up 21.0%* ) M&M Tractor:* 32600 units versus 34722 units ( *Down 6.0%* ) Maruti:* 1.65 lakh units versus 1.61 lakh units ( *Up 2.5%* ) Hero Motocorp:* 5.20 lakh units versus 4.90 lakh units ( *Up 7.0%* ) TVS Motors:* 3.2 lakh units versus 3.0 lakh units ( *Up 7.0%* ) Bajaj Auto:* 3.5 lakh units versus 2.75 lakh units ( *Up 27.0%* ) Eicher Motors RE:* 75900 units versus 63643 units ( *Up 19.0%* )

MOIL

The miniratna state-owned manganese ore mining company has increased prices for some of manganese ore grades

Lemon Tree Hotels

Lemon Tree Hotels Revenue up 111.4% at Rs 252.7 crore (Bloomberg estimate: Rs 250.3 crore) Ebitda up 385.9% at Rs 141.9 crore (Bloomberg estimate: Rs 136.5 crore) Ebitda margin at 56.2% vs 24.4% (Bloomberg estimate: 54.5%) Net profit of Rs 59 crore vs net loss of Rs 39.16 crore (Bloomberg estimate: Rs 47.6 crore)

WIPRO Buyback

Record Date for Eligibility : Friday, JUNE 16 Buyback Price : 445 ₹ Today's Closing Price : 405 ₹ Buyback Size ₹ : 12,000 Crore Buyback Size in Share : 26,96,62,921 Shares Retail Reservation : 4,04,49,439 Shares

Ramkrishna Forgings India

Ramkrishna Forgings India- 3QFY23 Result Ramkrishna Forgings continued to post steady performance - RKFORG’s reported a topline growth of 29.3% YoY, though it dropped 5.7% QoQ to Rs7775mn in 3QFY23, compared to our estimate of Rs7466mn. EBITDA margin stood exactly in-line with our estimate of 22.2%. EBITDA during the quarter grew 22.5% YoY, though declined sequentially by 1.4% QoQ to Rs1730mn (MNCL Estimate: Rs1657mn). Higher than expected interest expenses and tax provision resulted in lower than estimated PAT. PAT stood at Rs610mn (up 34.4% YoY, though lower by 9.4% QoQ), lower than our estimate of Rs712mn. RKFORG has almost reached our previous target price of Rs286, giving ~61% return since our Initiating Coverage Report on July 22, 2022. We will share our detailed view, revised rating and target price after the concall with the management, scheduled today.

Aether Industries

Aether Industries Q3FY23 Net profit up 37.8% at Rs 35 cr Vs Rs 25.4 cr (YoY) Revenue up 10.5% at 167.1 cr vs 151.2 cr (YoY) EBITDA up 19.4% at Rs 47.3 cr Vs Rs 39.6 cr (YoY) Margin at 28.3% Vs 26.2%