BPCL, Sun TV: BPCL, Godrej Consumer, Torrent Pharma,
, NMDC, Sun TV, Aditya Birla Fashion, AstraZeneca Pharma and Redington India are among companies which will announce their December quarter results on Monday.
NTPC: State-run power giant NTPC said that an avalanche near Tapovan in Uttarakhand has damaged its under-construction hydropower project.
Industries: Billionaire Mukesh Ambani’s Reliance Industries has picked up two-thirds of its own new gas from KG-D6 block. Reliance and its partner UK’s BP Plc auctioned 7.5 million standard cubic metres per day of incremental gas from the R-series gas field in the KG-D6 block.
Sun Pharmaceutical Industries: The drug maker is recalling 36,275 cartons of a drug used to treat low testosterone levels in the US market for incorrect labelling.
Divi’s Laboratories: The drug maker reported a 31.05 net profit of Rs 470.62 crore for the quarter ended December 2020, on account of robust sales. The company had posted a net profit of Rs 359.09 crore for the corresponding period of the previous fiscal, Divi’s Laboratories said in a filing to the BSE.
BHEL: State-run engineering firm BHEL on Saturday reported a consolidated net loss of Rs 217.86 crore for the October-December quarter due to lower revenues. The consolidated net profit of the firm was Rs 161.81 crore in the quarter ended on December 31, 2019, a BSE filing stated.
Britannia Industries: Food company Britannia Industries Ltd on Friday reported a 22.4 per cent increase in consolidated net profit at Rs 452.64 crore for the third quarter ended December 2020.
PNB: State-owned Punjab National Bank (
) is expecting to recover a substantial Rs 3,800 crore from Bhushan Power and Steel under debt resolution in NCLT, which will help it achieve the target of Rs 8,000 crore cash recoveries during this fiscal, its managing director and CEO S S Mallikarjuna Rao said.
Godrej Properties: Realty firm
will launch 12 housing projects during this quarter to expand business as it targets to clock record sales bookings this fiscal year, beating Rs 5,915 crore achieved in 2019-20, despite the COVID-19 pandemic, a top company official has said.
Tata Communications: As many as 11 merchant bankers, including Goldman Sachs, JM Financial and Axis Capital, are in race for managing the sale of the government’s 26.12 per cent stake in Tata Communications.
Asian Hotels (West): Hospitality firm Asian Hotels (West) said that Sushil Kumar Gupta has resigned as Chairman and Managing Director of the company.
Jubilant FoodWorks: The company is awaiting relaxations in dine-in restrictions imposed by the government for the restaurant industry similar to that for multiplexes to ramp up growth.
Punjab & Sind Bank: The bank said its net loss in December quarter 2020-21 spiralled to Rs 2,375.53 crore on higher provisions for bad loans. The lender had posted a net loss of Rs 255.49 crore in the same period a year ago. In September quarter also, the bank had a loss of Rs 401.27 crore.
Bharti Airtel: The DTH market proposition continues to be “attractive” in the medium to long run, given the current structure, the upside opportunity from cable conversion, and current niche play of streaming services, Bharti Airtel CEO Gopal Vittal has said.
Affle: Digital advertising firm Affle posted a 42.9 per cent rise in net profit at Rs 30.6 crore in the December 2020 quarter. The company had registered a net profit of Rs 21.4 crore in the year-ago period, Affle said in a statement.
Tanla Platforms: Cloud communication technology firm Tanla Platforms posted multi-fold jump in consolidated net profit to Rs 93.5 crore for the quarter ended on December 31, 2020.
Magma Fincorp: The NBFC said its board of directors has approved raising up to Rs 3,000 crore through debt in the next fiscal year.
