HDFC, , Dabur: HDFC, Ultratech Cement, Dabur India,
, Cholamandalam Investment, Navin Fluorine, Grindwell Norton, Shriram Pistons, EIH and Godrej Agrovet are among companies that will announce their March quarter results today.
Raymond: The Textile major reported a consolidated net profit of Rs 58.36 crore for the fourth quarter ended March 2021. The company had posted a net loss of Rs 69.10 crore during the January-March period of the previous fiscal.
Hero Motocorp: Two-wheeler market leader reported a 44 per cent jump in consolidated net profit at Rs 885.28 crore for the fourth quarter ended March 31, riding on robust sales. The company had posted a consolidated net profit of Rs 613.81 crore in the same period a year ago.
PSU Banks: State-run lenders will take a lead in creation of the bad bank, but the sick asset resolution platform needs the support of private banks and other lenders to be successful, said State Bank of India Managing Director Swaminathan J.
InterGlobe Aviation: Wadia group-owned low-cost carrier GoAir, which has already launched the vaccination programme for its about 4,400 staff, is aiming to get most of the employees inoculated by this month-end. As many as 110 employees have already been vaccinated as part of the drive.
NLC India: The Electric Utilities firm said it has raised Rs 650 crore by issuing commercial paper. “We wish to inform that 13,000 nos of commercial paper of a face value of Rs 5,00,000 each, aggregating to Rs 650 crore have been issued and allotted on May 5, 2021,” the company said.
Tata Consumer Products: The Tata group entity reported a consolidated net profit of Rs 74.35 crore for the fourth quarter ended March 2021, helped by double-digit volume growth in its domestic business. The company had posted a net loss of Rs 122.48 crore in the January-March quarter a year ago.
CEAT: The tyre maker said that the cost pressure is an area of concern with raw material prices going up over the last six months, and there is a need for hiking rates of products by 5-6 per cent to offset the impact.
IIFL Finance: The non-banking financial company reported a multifold jump in its consolidated net profit at Rs 248 crore in the last quarter of the fiscal ended March 2021 on healthy revenues from operations such as interest income. It had posted a net profit of Rs 59 crore in the corresponding quarter of the previous financial year 2019-20.
Transmission: The Adani group firm said its consolidated net profit jumped over four-fold to Rs 256.55 crore in the March quarter. The company had registered a net profit of Rs 58.97 crore in the year-ago period.
UTI Asset Management Company: The mutual fund house said it has appointed Peshotan Dastoor as Group President and Head of Sales, where he will be responsible for developing the fund house’s sales strategy, and explore new opportunities for distribution and growth. Before joining UTI AMC, Dastoor successfully led the sales of the retail and institutional business of Franklin Templeton Asset Management India.
Praj Industries: Industrial biotechnology company reported a consolidated profit after tax (PAT) of Rs 52 crore for the quarter ended March 2021. The company’s PAT stood at Rs 24.86 crore in the year-ago period.
Banks and NBFCs: A day after the RBI allowed another round of restructuring, largest domestic ratings agency Crisil on Thursday said half of the mid-size companies in its portfolio will be eligible for the recast. Companies with relatively weaker credit profiles, and part of low-resilience sectors are expected to benefit more from the scheme, Crisil said, specifying that mid-sized companies are those having aggregate exposures of less than Rs 500 crore.
Cement Stocks: Nuvoco Vista
