Motherson Sumi, , PVR: Motherson Sumi Systems, Muthoot Finance, Ratnamani Metals & Tubes, PVR, MTAR Technologies,
, NRB Bearings, Dhunseri Ventures, Lyka Labs, Jenburkt Pharmaceuticals and Burnpur Cement are among companies that will announce their March quarter results today.
ITC: The FMCG Major reported a consolidated net profit of Rs 3,816.84 crore for the fourth quarter ended March 2021. The cigarette-to-hotel conglomerate had posted a net profit of Rs 3,926.46 crore during the January-March quarter of the previous fiscal.
Infosys: Sebi has barred eight entities, including two employees of Infosys, from the securities market for indulging in insider trading activities in the shares of the IT major. Infosys will initiate an internal investigation into the insider trading matter, it said in a statement.
Eicher Motors: Mid-sized motorcycle maker Royal Enfield, part of Eicher Motors, said it has sold a total of 27,294 units in May, down 49 per cent from 53,298 units in April this year. The company’s domestic sales stood at 20,073 units, down 59 per cent from 48,789 units in April.
Hero Motocorp: The country’s top two-wheeler maker said it sold 1,83,044 units last month, down by 51 per cent from 3,72,285 units dispatched in April this year.
Mills: The sugar producer reported a 2.46 per cent decline in consolidated profit during the quarter ending March 31, at Rs 235.50 crore compared to the same period of the last financial year. The company’s consolidated profit stood at Rs 241.44 crore during the corresponding period of FY20.
of India: The largest lender of the country will auction two NPA accounts later this month for recovery of dues worth Rs 409.45 crore from the companies — Kamachi Industries Ltd and Tantia Agrochemicals Ltd. The e-auction will take place on June 25.
Radico Khaitan: The liquor maker reported an over two-fold jump in consolidated net profit at Rs 73.53 crore for the fourth quarter ended March 2021, helped by strong volume growth. The company had posted a consolidated net profit of Rs 32.67 crore in the January-March period a year ago.
Ashok Leyland: The Hinduja Group’s flagship firm reported a decline of 62 per cent in total vehicle sales at 3,199 units in May. The company had sold 8,340 units in April this year.
Suzlon Energy: The Group has bagged an order from CLP India to develop a 252 MW wind power project at Sidhpur in Gujarat. Suzlon will install 120 units of S120-140m wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower, with rated capacity of 2.1 MW each.
TVS Motor: TVS Motor Company on Tuesday reported sales of 1,66,889 units in May, down 30 per cent from 2,38,983 units sold in April this year.
Coal India: The state-owned coal producer said its coal offtake rose by 38 per cent to 55 million tonnes (MT) in May on the back of revival of fuel demand from the power sector.
Neogen Chemicals: The speciality chemical producer reported a 27 per cent jump in the consolidated net profit at Rs 9 crore for the fourth quarter ended March 2021. It had posted a net profit of Rs 7 crore during the January-March quarter of the previous fiscal.
Pharma stocks: The government has issued operational guidelines for the production linked incentive (PLI) scheme for the pharmaceutical industry, with an outlay of Rs 15,000 crore, to enhance India’s manufacturing capabilities by increasing investment and production in the sector.
India: The state-owned lender said it has nominated A K Vinod as its chief compliance officer. A K Vinod, chief general manager, has been nominated as the chief compliance officer with effect from June 1.
