Q4 earnings: Zydus Wellness, Intellect Design Arena, HFCL: Zydus Wellness, Intellect Design Arena, Chambal Fertilizers & Chemicals, HFCL, Venky’s (India), Paushak, HSIL, Satia Industries, PPAP Automotive, Oriental Aromatics, JMC Projects (India), Sangam Renewables, are among companies that will announce their March quarter results today
Ultratech Cement: The Aditya Birla Group firm reported a 45.2 per cent decline in consolidated net profit to Rs 1,774.13 crore for the fourth quarter ended March 2021 on account of reversal of deferred tax liabilities. The leading cement producer had posted a net profit of Rs 3,236.85 crore in the January-March quarter a year ago, it said in a BSE filing.
HDFC: Mortgage lender reported a 31 per cent jump in consolidated profit after tax at Rs 5,669 crore for the quarter ended March 2021. The company had posted a consolidated profit after tax (PAT) of Rs 4,342 crore in the same quarter of the previous year.
IDFC First Bank: The private sector lender reported a 78 per cent jump in net profit at Rs 128 crore for the fourth quarter ended March 2021. It had posted a profit of Rs 72 crore during the corresponding January-March quarter a year ago.
DCB Bank: The private lender reported a 13 per cent increase in net profit to Rs 78 crore for the January-March quarter compared to that of Rs 69 crore in the year-ago quarter.
Reliance Capital: Anil Ambani-promoted Reliance group firm reported narrowing of its consolidated net loss to Rs 1,649 crore in the fourth quarter ended March 2021. The company had posted a net loss of Rs 2,179 crore in the January-March quarter of the last fiscal.
CSB Bank: Kerala-based lender posted a net profit of Rs 42.89 crore for the March 2021 quarter as against a loss of Rs 59.68 crore in the year-ago period, largely helped by a write-back of standard asset provisioning and improvement in core income. The bank’s profit for full financial year 2020-21 zoomed to Rs 218 crore, from Rs 12 crore a year ago.
Avenue Supermarts: The owner and operater of retail chain D-Mart reported an increase of 52.56 per cent in its consolidated net profit to Rs 413.87 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 271.28 crore in the January-March quarter a year ago, Avenue Supermart said in a BSE filing. It is having an “adverse and severe impact” on its revenues due to “significant disruptions” of its store operations from March 2021 onwards.
Reliance Home Finance: The Anil Ambani-controlled Reliance Capital subsidiary firm reported widening of its net loss to Rs 444.62 crore in the fourth quarter ended March 31. It had reported a net loss of Rs 238.37 crore in the same quarter of the previous fiscal year. Sequentially also, the loss widened from Rs 339.55 crore in quarter ended December 2020.
Godrej Agrovet: The agricultural products firm on Friday reported a consolidated profit after tax of Rs 63.4 crore for the quarter ended March. The company’s profit for the last quarter of 2019-20 stood at Rs 69.20 crore, Godrej Agrovet said in a BSE filing.
Paints: The paint firm reported an increase of 89.14 per cent in its consolidated net profit to Rs 123.62 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 65.36 crore in the January-March quarter a year ago, Kansai Nerolac said in a BSE filing.
ICRA: The ratings firm reported an over 35 per cent decline in consolidated net profit at Rs 22.5 crore for the fourth quarter of the fiscal ended March 2021. The company had reported a net profit of Rs 34.9 crore in the year-ago quarter.
EIH: The hospitality firm, which runs a chain of hotels and resorts under Oberoi and Trident brands, on Friday reported a consolidated net loss of Rs 48.83 crore for the quarter ended March 31, 2021. The company had posted a net profit of Rs 33.16 crore in the corresponding period of the previous fiscal, EIH said in a regulatory filing.
& Finance Company: Murugappa Group flagship firm on Friday reported a 470 per cent jump in its net income to Rs 243 crore for the March 2021 quarter. The company had logged a net profit of Rs 42.66 crore in the year-ago quarter.
Reliance Power: Anil Ambani’s utility firm reported a consolidated net profit of Rs 72.56 crore for the March 2021 quarter, mainly due to lower expenses. The company had posted a consolidated net loss of Rs 4,206.38 crore in the quarter ended March 2020, it said in a BSE filing.
Hero Motocorp: Two-wheeler market leader Hero MotoCorp on Sunday said it is extending the shutdown of its plants across India by another week till May 16 in view of the prevailing COVID-19 situation in the country. The shutdown also includes the Global Parts Center (GPC) in Neemrana and R&D facility – the Centre of Innovation and Technology (CIT) in Jaipur, Hero MotoCorp said in a statement.
Maruti Suzuki: The country’s largest carmaker said it has extended maintenance shutdown of its plants till May 16 amid the ongoing surge in COVID-19 cases across the country. The company had last month said it was advancing the annual plant maintenance shutdown to May 1-May 9, which was originally scheduled for June.
Amara Raja Batteries: The auto parts & equipment firm said it has resumed operations at its plants at Chittoor district in Andhra Pradesh. The company has resumed operations at its plants at Nunegundlapalli and Karkambadi in Chittoor district with effect from May 8, after High Court of Andhra Pradesh granted an interim suspension of the orders passed by Andhra Pradesh Pollution Control Board (APPCB),
said in a statement.
Bandhan Bank: Chandra Shekhar Ghosh, MD and CEO of private lender, is hopeful that the economy will rebound by the third and fourth quarters of the current fiscal, enabling the lender to meet its targets. He said the bank had exercised caution amid the COVID-19 pandemic and made additional provisioning in the last quarter of 2020-21.
Tubes and Pipe Stocks: The government has extended anti-dumping duty on certain types of seamless tubes, and pipes till October 31 this year with a view to guarding domestic manufacturers from cheap Chinese imports. The duty on ‘seamless tubes, pipes and hollow profiles of iron, alloy or non-alloy steel (other than cast iron and stainless steel), whether hot finished or cold drawn or cold rolled of an external diameter not exceeding 355.6 mm’ was first imposed in May 2016 for five years.
Godrej Properties: The Real Estate firm expects its sales booking this fiscal to surpass the last year’s record Rs 6,725 crore despite the outbreak of second wave of COVID-19 and hopes to cross Rs 10,000 crore mark in the next financial year. It expects “muted” sales in the April-June quarter because of the ongoing second wave of coronavirus disease and lockdown in various parts of the countries, its Executive Chairman Pirojsha Godrej said in a call with analysts.
Ajanta Pharma: The drug maker has lined up a capex plan of Rs 250 crore for the current fiscal as it looks to expand its corporate office and production facilities, a top company official said. The Mumbai-based pharma compnay operates eight manufacturing facilities in India and Mauritius, including two plants which have been approved by the US Food and Drug Administration (USFDA).
Ahluwalia Contracts: The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against construction firm for defaulting on payments to an operational creditor. The New Delhi-based NCLT bench allowed the insolvency plea filed by A2 Interiors Products Pvt Ltd against
, claiming default of Rs 14.10 crore, and appointed an interim resolution professional.
Deepak Nitrite: Chemicals firm has said that while the global macroeconomic cues show most geographies coming out of the pandemic with cautious optimism, but the effects on the domestic front will only be visible once the second wave dissipates.
Mahindra & Mahindra: The Homegrown auto major is keeping a close watch on recent increase in commodity prices, especially that of steel, to see how situation pans out before initiating any action to safeguard its business, said a top company official. Over the past few days, domestic steel makers have hiked the prices of hot rolled coil (HRC) and cold rolled coil (CRC) by Rs 4,000 and Rs 4,500 per tonne, respectively.
Coal India: The State-owned unit will continue with the supply of coal to the power plants under import substitution in the ongoing fiscal. The development assumes significance in the wake of the PSU earlier stating its drive for coal import substitution has gained tempo with consumers opting for about 90 million tonnes (MT) of indigenous coal in FY’21.
Interglobe Aviation: The parent of the country’s largest airline IndiGo plans to raise funds to increase its liquidity amid the aviation sector grappling with coronavirus pandemic woes. The board of the company, during its meeting held on Friday, deliberated the possibility of raising funds through the qualified institutional placement (QIP) route.
Life Insurance Companies: The set of companies logged nearly 45 per cent growth in their cumulative new business premium at Rs 9,738.79 crore in April 2021, Irdai data showed on Friday. All 24 life insurers had collected Rs 6,727.74 crore as new business premium during the same month a year ago.
