{"id":12568,"date":"2022-11-05T18:40:30","date_gmt":"2022-11-05T13:10:30","guid":{"rendered":"https:\/\/univest.in\/blogs\/?p=12568"},"modified":"2022-11-05T18:45:38","modified_gmt":"2022-11-05T13:15:38","slug":"sbi-state-bank-of-india-titan-and-tvs-motors-q2fy23-results","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/sbi-state-bank-of-india-titan-and-tvs-motors-q2fy23-results\/","title":{"rendered":"SBI (State Bank of India), Titan and TVS Motors Q2FY23 results"},"content":{"rendered":"<p>SBI, Titan and TVS Motors announced their respective results on 05th November 2022. <span style=\"font-weight: 400;\">Here are some of the key takeaways from the results mentioned down below:\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/sbi-state-bank-of-india-titan-and-tvs-motors-q2fy23-results\/#SBI\" title=\"SBI\">SBI<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/sbi-state-bank-of-india-titan-and-tvs-motors-q2fy23-results\/#Management_Speak\" title=\"Management Speak\">Management Speak<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/sbi-state-bank-of-india-titan-and-tvs-motors-q2fy23-results\/#Titan\" title=\"Titan\">Titan<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/sbi-state-bank-of-india-titan-and-tvs-motors-q2fy23-results\/#Management_Speak-2\" title=\"Management Speak\">Management Speak<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/sbi-state-bank-of-india-titan-and-tvs-motors-q2fy23-results\/#TVS_Motor_Company\" title=\"TVS Motor Company\">TVS Motor Company<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/sbi-state-bank-of-india-titan-and-tvs-motors-q2fy23-results\/#Management_Speak-3\" title=\"Management Speak\">Management Speak<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/sbi-state-bank-of-india-titan-and-tvs-motors-q2fy23-results\/#ABOUT_THE_AUTHOR\" title=\"ABOUT THE AUTHOR\">ABOUT THE AUTHOR<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"SBI\"><\/span><strong><span data-preserver-spaces=\"true\">SBI<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>SBI has posted its highest ever quarterly net profit at Rs 13,265 crores which is a YoY growth of 74% over Q2FY22 with a net profit of Rs 7626 crore.<\/li>\n<li>Operating Profit for Q2FY23 stands at Rs 21,120 crores, clocking YoY growth of 12.82%.<\/li>\n<li>SBI\u2019s NII (Net Interest Income) for Q2FY23 stood at Rs 35,183 crore, around 12.83% higher on a YoY basis as its NII in Q2FY22 stood at Rs 31,184 crore.<\/li>\n<li>In Q1FY23, SBI reported gross advances at Rs 30,35,071 crore, which is 19.93% higher than its Q2FY22 gross advances of Rs 25,30,777 crore.<\/li>\n<li>The bank\u2019s asset quality improved as gross NPA (non-performing assets) declined to 3.52% in Q2FY23 from 3.91% in Q2FY22.<\/li>\n<li>SME and agriculture loans at SBI have registered a YoY growth of 13.24 percent and 11 percent respectively.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Management_Speak\"><\/span><strong><span data-preserver-spaces=\"true\">Management Speak<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong><span data-preserver-spaces=\"true\">SBI Chairman Dinesh Khara<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0said the onset of festive seasons and pent-up demand kept growth impulses strong for India. &#8220;We are calibrating interest rates in sync with what the markets expect us to do. Will be able to meet the credit growth in the economy.&#8221;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&#8220;We have not just been able to ride through tough times but we also grow robustly. We posted our highest-ever quarterly profit in the quarter,&#8221; he said<\/span><\/p>\n<p style=\"text-align: right;\"><em>You may also like:<a href=\"https:\/\/univest.in\/blogs\/bharti-airtel-tata-steel-and-lt-results-declared\/\"> Bharti Airtel, Tata Steel and L&amp;T results declared<\/a><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Titan\"><\/span><strong><span data-preserver-spaces=\"true\">Titan<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-preserver-spaces=\"true\">Titan reported a YoY growth of 33% in its standalone profit after tax at Rs 857 crore in Q2FY23 as compared to Rs 641 crore in Q2FY22<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Standalone revenue grew 21.8% YoY to Rs 8,730 crore in Q2FY23 from Rs 7,170 crore in Q2FY22<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">EBITDA (Earnings before interest, taxes, depreciation, and amortisation) jumped 29.4% to Rs 1,234 crore in Q2FY23 from Rs 954 crore in Q2FY22<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">EBITDA margins expanded to 14.1% in Q2FY23 from 13.3 percent YoY in Q2FY22<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The jewellery business registered an income of Rs 7,203 crore in Q2FY23, up from Rs 6,106 crore in Q2FY22 (excluding bullion sales), a growth of 18%.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The watches and wearables business reported an income of Rs 829 crore, registering a YoY growth of 21%.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Management_Speak-2\"><\/span><strong><span data-preserver-spaces=\"true\">Management Speak<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong><span data-preserver-spaces=\"true\">Managing director CK Venkataraman<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0said &#8220;Despite an uncertain macro environment, the current festive season starting from the end of September month and continuing till the end of October has been quite positive and the consumer confidence remains upbeat. We remain relentlessly focused on executing our growth plans in India and overseas and are optimistic about our performance in the remaining quarters of the current financial year.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"TVS_Motor_Company\"><\/span><strong><span data-preserver-spaces=\"true\">TVS Motor Company<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>TVS Motors registered a standalone net profit of Rs 407.47 crore in Q2FY23, as compared to a profit of Rs 277.60 crore in Q2FY22, registering a YoY growth of 46.78%.<\/li>\n<li>Operating revenue grew by 28% at Rs 7,219 crore in Q2FY23 as against Rs 5,619 crore reported in Q2FY22.<\/li>\n<li>The company\u2019s operating EBITDA grew by 31% at Rs 737 crore for Q2FY23 as against EBITDA of Rs 563 crore in Q2FY22.<\/li>\n<li>Its EBITDA margin for the quarter is at 10.2% as against 10% reported in Q2FY22.<\/li>\n<li>PBT (Profit before tax) grew by 46% at Rs 549 crore for Q2FY23 as against a PBT of Rs 377 crore in Q2FY22.<\/li>\n<li>TVS Motor posted sales of 10,27,437 units compared to 9,16,705 units in Q2FY22 and 9,06,791 units in Q1FY23<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Management_Speak-3\"><\/span><strong><span data-preserver-spaces=\"true\">Management Speak<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">In a press release on the results, the management of TVS Motor Company said \u201cHigher investments were made in all key brands with better availability of vehicles and launch of TVS Ronin and new TVS iQube Electric. As part of the EV strategy, specialized resources were added in the areas of software, electronics, and digital &amp; analytics to further augment the team.&#8221;<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"ABOUT_THE_AUTHOR\"><\/span>ABOUT THE AUTHOR<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Ketan Sonalkar (SEBI Rgn No INA000011255<\/p>\n<p>Ketan Sonalkar is a certified SEBI registered investment advisor and head of research at\u00a0<a href=\"https:\/\/univest.in\/\">Univest<\/a>. He is one of the finest financial trainers, with a track record of having trained more than 2000 people in offline and online models. He serves as a consultant advisor to leading fintech and financial data firms. He has over 15 years of working experience in the finance field. He runs Advisory Services for Direct Equities and Personal Finance Transformation.<\/p>\n<p><em>Note \u2013 This channel is for educational and training purpose only &amp; any stock mentioned here should not be taken as a tip\/recommendation\/advice<\/em><\/p>\n<p><em>You may also like:<\/em><a href=\"https:\/\/univest.in\/blogs\/sun-pharma-results-q2fy23\/\">\u00a0Sun Pharma results <\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SBI, Titan and TVS Motors announced their respective results on 05th November 2022. Here are some of the key takeaways from the results mentioned down below:\u00a0 SBI SBI has posted its highest ever quarterly net profit at Rs 13,265 crores which is a YoY growth of 74% over Q2FY22 with a net profit of Rs<\/p>\n","protected":false},"author":10,"featured_media":26913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[632,630,634,631,633,635,637,636,638,639,640],"class_list":["post-12568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-sbi-growth","tag-sbi-results","tag-sbi-revenue","tag-sbi-share","tag-sbi-share-price","tag-titan","tag-titan-growth","tag-titan-results","tag-titan-revenue","tag-tvs-motors","tag-tvs-motors-share"],"metadata":{"_edit_lock":["1667653998:10"],"_edit_last":["10"],"_thumbnail_id":["26913"],"_nectar_gallery_slider":["off"],"_nectar_quote_author":[""],"_nectar_quote":[""],"_nectar_link":[""],"_nectar_video_m4v":[""],"_nectar_video_ogv":[""],"_nectar_video_poster":[""],"_nectar_video_embed":[""],"_nectar_audio_mp3":[""],"_nectar_audio_ogg":[""],"_post_item_masonry_sizing":["regular"],"_nectar_header_bg":[""],"_nectar_header_parallax":["off"],"_nectar_header_bg_height":[""],"_nectar_page_header_bg_alignment":["top"],"_nectar_header_bg_color":[""],"_nectar_header_font_color":[""],"_wpb_vc_js_status":["false"],"_yoast_wpseo_focuskw":["SBI (State Bank of India) Titan and TVS Motors Q2FY23 results"],"_yoast_wpseo_title":["SBI (State Bank of India), Titan and TVS Motors %%sep%% %%sitename%%"],"_yoast_wpseo_metadesc":["SBI, Titan and TVS Motors announced their respective results on 05th November 2022. 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