L&T, Tata Motors, Seimens, Honeywell Automation, Tube Investment, AB Capital, Poonawalla Fincorp, CreditAccess Grameen, Apollo Tyres, Brigade Enterprises, Anupam Rasayan and RBL Bank are among the companies which will announce their earnings today.
Nifty futures on the Singapore Exchange traded 157 points, or 0.97 per cent lower at 16,010.50, signaling that Dalal Street was headed for a neagitve start on Thursday. Here are a dozen stocks which may buzz the most in today’s trade:
L&T, Tata Motors, Seimens: Larsen & Toubro, Tata Motors, Siements, Honeywell Automation India, Tube Investment of India, Adtiya Birla Capital, Poonawalla Fincorp,
, Credit Access Grameen,
, Anupam Rasayan and
are among the companies which will announce their earnings today.
Ultratech Cement: The Aditya Birla Group, which owns the country’s largest cement company has formally joined the race to buy out the Swiss cement giant Holcim’s stake in Ambuja Cement and ACC.
of India: The state-run power player acquired 100 per cent equity of Khetri-Narela Transmission Ltd (KNTL) for an aggregate value of about Rs 22.50 crore.
Bank: The public sector lender reported a 66 per cent decline in its standalone net profit at Rs 202 crore for the quarter ended March 2022 due to higher amount parked towards provisioning, even as bad loans declined. The bank had posted a net profit of Rs 586 crore in the same quarter a year ago.
Relaxo Footwears: The footwear firm reported a decline of 38.40 per cent in its net profit at Rs 62.93 crore for the fourth quarter ended March 2022. It had posted a net profit of Rs 102.17 crore in the January-March quarter of the preceding fiscal.
Birla Corporation: The MP Birla group firm reported a 55.44 per cent decline in its consolidated net profit to Rs 111.08 crore in the fourth quarter ended on March 31, 2022, on account of credit adjustments. It had posted a net profit of Rs 249.33 crore in the January-March quarter a year ago.
Indian Bank: The public sector lender reported a 42 per cent dip in its standalone net profit at Rs 984 crore in the quarter ended March 2022, after it changed the deferred tax asset calculation from annual to quarterly basis. In the year-ago quarter, the bank’s standalone net profit stood at Rs 1,709 crore.
BSE: The leading stock exchange reported an over two-fold jump in net profit to Rs 71.52 crore for the three months to March 2022. In comparison, the exchange had posted a net profit of Rs 31.75 crore in the same quarter of the preceding fiscal.
Macrotech Developers: The real estate developer in partnership with Bain Capital and Ivanhoé Cambridge will develop a next-generation green digital infrastructure platform. The platform will jointly invest around $1 billion to create about 30 million square feet of operating assets to serve India’s digital economy.
Sagar Cements: The Hyderabad-based cement player reported a consolidated net loss of Rs 19.15 crore for the fourth quarter ended on March 31, 2022. The company had posted a consolidated net profit of Rs 48.14 crore in January-March quarter a year ago.
Works: The industrial machinery player recorded a healthy 218 per cent growth in consolidated profit at Rs 82.72 crore in quarter ended March 2022, driven by strong topline and operating income. Revenue increased by 46 per cent to Rs 998.5 crore.
SKF India: The Swedish auto component manufacturer reported a 4 per cent growth in Profit After Tax (PAT) at Rs 109.47 crore for the quarter ended March. The company had posted a PAT of Rs 104.87 crore in the year-ago period.
Kalyan Jewellers: The jewelry retailer reported a 2.47 per cent decline in consolidated profit after tax (PAT) during the quarter ended March 31, at Rs 72.04 crore. The company’s PAT stood at Rs 73.87 crore during the corresponding quarter of 2020-21.
Chemplast Sanmar: The part of the SHL Chemicals Group declared financial results for the quarter ending March 31, 2022 with profit after tax touching Rs 232 crore as compared to Rs 179 crore in corresponding quarter previous year. For the financial year ending March 31, 2022 profit after tax went up to Rs 649 crore as against Rs 310 crore registered year ago.
Arvind SmartSpaces: The realty firm said it has started a digital sales platform, enabling customers to view entire inventory listings as well as complete information of the price per unit.
AGI Greenpac: The smallcap packaging, formerly known as
, reported a 120 per cent rise in the net profit to Rs 193 crore in the March 2022 quarter. The company had reported a net profit of Rs 88 crore in the same quarter previous year.
AVRO India: The microcap plastic products player reported a net profit of Rs 2.99 crore in the March 2022 quarter, registering a rise of 73 per cent. It has reported a bottomline of Rs 1.73 crore in the fourth quarter of previous fiscal.
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