Bharat Forge, GSK Pharma, Century Ply: Bharat Forge,
, Century Plyboards, Raymond. VIP Industries, MCX, Ami Organics, , PDS, Dodla Dairy, , GRM Overseas,Fino Payments Bank and Nava Bharat Ventures are among the companies which will announce their earnings today.
State Bank of India: The country’s largest lender reported a 41.28 per cent rise in standalone profit after tax at Rs 9,114 crore for the quarter ended March 2022, driven by healthy interest income and better asset quality. Its standalone profit after tax (PAT) stood at Rs 6,451 crore in the fourth quarter of the previous fiscal.
Tech Mahindra: The IT services major reported a 39 per cent jump in its consolidated net profit for March 2022 quarter at Rs 1,678.4 crore, and exuded confidence that the positive business momentum will continue in the current fiscal. On a standalone basis, the Mahindra group company reported a post-tax profit at Rs 1,505 crore in the quarter under review as against Rs 1,081 crore a year ago.
Eicher Motors: The two-wheeler auto major’s consolidated net profit after tax increased by 16 per cent to Rs 610 crore for the fourth quarter ended March 31, 2022. The company had reported a net profit after tax of Rs 526 crore in the January-March quarter of the 2020-21 fiscal.
Maruti Suzuki India: The country’s largest carmaker announced an investment of Rs 11,000 crore in the first phase of a new facility to be set up at Sonipat in Haryana. The company said it has completed the process of allotment of an 800-acre site at IMT Kharkhoda in Sonipat district with HSIIDC.
Bank of Baroda: The state-owned lender reported a standalone profit after tax of Rs 1,779 crore in the quarter ended March 2022, helped by higher interest income and fall in bad loans. The lender had a loss of Rs 1,047 crore in the year-ago period.
Pharma stocks: Homegrown drug majors Lupin, Glenmark and Dr Reddy’s Laboratories are recalling different products in the US, the world’s largest market for medicines, due to deviation from standard manufacturing norms.
Bandhan Bank: The private lender reported a doubling of net profit for the March quarter at Rs 1,902 crore on the back of a massive reduction in provisions for bad debts. The Kolkata-headquartered bank that started as a microfinancier closed FY22 with a profit of Rs 126 crore, down 94 per cent as against the previous fiscal.
Carborundum Universal: The abrasives and industrial ceramics maker reported a 7.60 per cent jump on its standalone net profit for the quarter ending March 31, 2022 at Rs 61.91 crore. The Murugappa Group company had registered standalone net profit at Rs 57.52 crore during the corresponding quarter in the previous year.
JK Paper: The paper firm reported a 25 per cent increase in consolidated net profit at Rs 170.17 crore for the fourth quarter ended March riding on higher sales volumes. The company had posted a consolidated net profit of Rs 136.07 crore in the corresponding period of previous fiscal.
Alkem Laboratories: The pharma player said on exchanges that the medicines and healthcare products regulatory agency (MHRA) has pointed out no critical or major observations at its Taloja Plant. The company said the MHRA has closed its inspection.
Avenue Supermarts: The owner and operator of retail chain D-Mart reported a 3.11 per cent increase in its consolidated net profit to Rs 426.75 crore for the fourth quarter ended March 2022. The company had posted a net profit of Rs 413.87 crore in the January-March quarter a year ago.
Union Bank of India: The state-owned lender reported 22.68 per cent jump in consolidated net profit at Rs 1,557.09 crore for March quarter 2021-22 helped by a Rs 627 crore gain through a stake-sale in its insurance arm and benefits through low cost of deposits.
Welspun Enterprises: The engineering firm said its consolidated net profit jumped over 58 per cent to Rs 65 crore for the quarter ended March 31, on account of reduced expenses. In the year-ago period, the company had clocked Rs 40.94-crore net profit.
Shipping Corporation of India: The state run shipping firm reported a 77.42 per cent jump in its consolidated net profit to Rs 152.16 crore for the fourth quarter ended March 2022. The state-owned company had clocked a consolidated profit of Rs 85.76 crore in the same quarter of 2020-21.
Nazara Technologies: The digital gaming and sports platform posted an about 17 per cent increase in consolidated profit to Rs 4.9 crore for the quarter ended March 2022. The company had logged a profit of Rs 4.2 crore in the same period a year ago.
Triveni Engineering and Industries: The sugar business firm has reported a 28 per cent increase in its consolidated net profit at Rs 109.17 crore for the quarter ended March 2022 on lower tax expenses. Its net profit stood at Rs 85.02 crore in the year-ago period.
REC: The State-owned NBFC posted a 14 per cent rise in its consolidated net profit to Rs 2,301.33 crore in the March quarter, mainly on the back of higher revenues. The consolidated net profit of the company was Rs 2,017.84 crore in the quarter ended March 2021.
UCO Bank: The state-owned posted an over three-fold jump in net profit at Rs 312.18 crore for the quarter ended March 2022 as a fall in bad loans lowered the provisioning requirement. The lender had posted a net profit of Rs 80 crore in the corresponding quarter a year ago.
CESC: The power utility arm posted a 3.7 per cent rise in its consolidated net profit to Rs 445 crore in the March quarter, mainly on the back of higher revenues. The consolidated net profit of the company was at Rs 429 crore in the quarter ended March 2021.
Triveni Turbine: The turbine firm posted about 42 per cent rise in its consolidated net profit at Rs 33.02 crore in the March 2022 quarter. The consolidated net profit of the company stood at Rs 23.28 crore in the corresponding quarter for FY21.
Reliance Infrastructure: The Anil Ambani Group firm reported a loss of Rs 449.13 crore in the March 2022 quarter. The company had reported a consolidated net profit of Rs 1,611.02 crore in the corresponding quarter of FY21.
DB Corp: The media house reported 60.39 per cent decline in consolidated net profit at Rs 24.52 crore for the fourth quarter ended March 2022. The company had clocked a net profit of Rs 61.91 crore in January-March period a year ago.
Quint Digital Media: AMG Media Networks, a unit of billionaire Gautam Adani’s conglomerate Adani Enterprises, will pick a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media for an undisclosed sum, which was announced earlier this year.
Reliance Power: The power arm of ADAG Group reported a consolidated loss of Rs 555.18 crore for the March quarter, mainly due to higher expenses. The company had clocked a consolidated net profit of Rs 72.56 crore in the quarter ended March 31, 2021.
Future Retail: The debt-ridden firm’s Chief Financial Officer C P Toshniwal has resigned from the company, effective May 12. Toshniwal’s resignation is the recent addition to the string of resignations that started after the Rs 24,713-crore deal was called off last month by the billionaire Mukesh Ambani-led
after creditors voted against it.
RattanIndia Power: The utility player reported a loss of Rs 306.39 crore for the quarter ended March mainly due to lower revenues. The consolidated net profit of the company was at Rs 39.28 crore in the year-ago period.
Future Consumer: Ashni Biyani, daughter of Future Group’s Chairman Kishore Biyani, has resigned as the Managing Director of Future Consumer (FCL). Ashni Biyani’s resignation has been accepted by the board.
