Tata Motors, Abbott, : Tata Motors, Torrent Pharmaceuticals, PI Industries, Abbott India, Astral,
, GSK Pharma, Canara Bank, IIFL Wealth Management, Route Mobile, Jyothy Laboratories, Brigade Enterprises, Chalet Hotels, Minda Corp are among companies that will announce their March quarter results today.
Bharti Airtel: The telecom operator reported a consolidated net profit of Rs 759 crore for the fourth quarter of financial year ended on March 31, 2021, and an annual turnover of more than Rs 1 lakh crore for the first time. The company had posted a loss of Rs 5,237 crore in the same period a year ago.
Gland Pharma: The recently listed drug firm reported a 34 per cent rise in its consolidated net profit to Rs 260.4 crore for the fourth quarter ended March 2021, on account of robust sales. The company had posted a net profit of Rs 194.8 crore for the corresponding period of the previous fiscal.
Federal Bank: The private lender reported a 58 per cent jump in its consolidated net profit to Rs 521.24 crore for the March 2021 quarter, as money set aside for loan losses decreased due to upfront provisioning earlier. On a standalone basis, the private sector bank’s net profit for the quarter also increased by 58 per cent to Rs 477.81 crore, while the same for the entire fiscal came at Rs 1,590 crore as against 1,542 crore.
GNFC: The chemical firm
Fertilizers and Chemicals (GNFC) reported a 29.37 per cent growth in net profit at Rs 308.03 crore for the quarter ending March 31 compared to the same period of the previous financial year.
Wabco India: Auto component manufacturer reported 55 per cent rise in net profit at Rs 48 crore for the fourth quarter ended March 31, 2021. The company had clocked a net profit of Rs 31 crore in January-March period of 2019-20.
Subex: IT services firm posted a consolidated net profit of Rs 15.6 crore for the fourth quarter ended March 31, 2021. The company had posted a net profit of Rs 31.99 crore in the year-ago period.
Orient Cement: The CK Birla group firm reported an over two-fold jump in net profit at Rs 99.87 crore in the fourth quarter ended March 2021. It had posted a net profit of Rs 44.06 crore in the January-March quarter a year ago.
Panacea Biotec: Serum Institute of India CEO Adar Poonawalla offloaded his entire stake in the pharma firm amounting to 5.15 per cent shareholding of the firm for Rs 118 crore, through an open market transaction. The shares were picked by Serum Institute of India (SII).
NBCC: State-owned contruction firm and Suraksha group, which are in the race to acquire debt-laden Jaypee Infratech Ltd (JIL), will submit their revised bids today.
Reliance Industries: RIL’s telecom arm Jio said it is constructing the largest international submarine cable system centred on India with global partners and submarine cable supplier Subcom to cater to increased data demand.
Hero Motocorp: The country’s largest two wheeler maker said it has extended the duration of all its warranty and free services by 60 days owing to the current situation.
HCL Technologies: IT major said it is hiring 1,000 technology professionals from the fields of digital transformation, cloud, artificial intelligence and cybersecurity in the United Kingdom to support its clients in the UK and around the world.
NBFCs: The double-digit growth registered by non-banking financial companies (NBFCs) during the second and third quarters of 2020-21 amid the disruptions caused by the COVID-19 pandemic reflects the ‘resilience’ of these entities, an RBI article said.
