MRF and Union Bank of India: MRF, The New India Assurance Company, Union Bank of India, Central Bank of India, Jubilant Ingrevia, SMC Global Securities, Fairchem Organics, Seamec and Yuken India are among companies that will announce their March quarter results today.
Tata Consumer Products: The Tata group firm has forayed into the premium roast and ground coffee segment with the launch of ‘Sonnets By Tata Coffee’.
NIIT: The skills and talent development company said its net profit stood at Rs 46.5 crore in the March 2021 quarter. The company has also strengthened its board with the addition of four new members, including the appointment of Udai Singh Pawar and Leher Vijay Thadani.
Jubilant Pharmova: The drug firm reported a consolidated net profit of Rs 214 crore for the fourth quarter ended March 31, 2021. The company had posted a net profit of Rs 260 crore in the January-March quarter of 2019-20.
VA Tech WABAG: Water treatment player has clocked standalone profit for the quarter ending March 31, 2021 at Rs 32.82 crore. The Chennai-based company had clocked standalone net at Rs 1.38 crore during corresponding quarter previous year.
IndusInd Bank: BofA Securities Europe SA picked up 36.18 lakh shares of IndusInd Bank for Rs 364 crore through a market transaction. The shares were offloaded by UBS Principal Capital Asia Ltd.
Bank of India: The state-owned lender reported a standalone profit after tax of Rs 250 crore for March quarter 2020-21 as bad loans shrunk. The lender had incurred a standalone loss of Rs 3,571 crore in the year-ago period.
Punjab National Bank: The State-owned lender PNB posted a standalone profit of Rs 586.33 crore for the fourth quarter ended March, aided by good increase in interest income. The second largest public sector lender had reported a loss of Rs 697.20 crore in January-March period of 2019-20.
Quess Corp: The business services provider reported a reduction in a loss at Rs 58 crore for March 2021 quarter. The company’s loss stood at Rs 630 crore in the same quarter a year ago.
Dr Reddy’s Laboratories: The leading hospital chain Manipal Hospitals said it has collaborated with Dr Reddy’s Laboratories to add the Sputnik V COVID-19 vaccine in its existing vaccine portfolio.
Emami: The FMCG major has raised product prices on an average by four per cent in the current fiscal to offset the present input cost pressure that will help the company to retain a gross margin of 66-67 per cent, a senior company official said.
Tata Steel: The wholly-owned subsidiary of Tata group’s iron maker
Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said on Sunday.
Cosmo Films: The packaging solutions provider said its long-term credit rating has been upgraded by Crisil to AA- (stable) from A+. The ratings agency has also upgraded its short-term credit rating to A1(+) from A1, Cosmo Films said.
Equitas Small Finance Bank: The recently listed Small Finance Bank has reported a drop in its collection efficiency at around 78 per cent in May from over 105 per cent in the previous month.
NBCC: The State-owned construction company submitted its final bid to acquire Jaypee Infratech Ltd (JIL) while rival Suraksha group sought more time to make the final offer for the debt-laden realty firm under the insolvency resolution process, sources said.
Bank of Baroda: The state-run lender has received board approval to set off accumulated loss of over Rs 11,048 crore against the share premium account of the bank. The Board of Directors of the bank has approved the proposal on June 5, 2021.
PG Electroplast: The electronic manufacturing and plastic holding services provider reported a standalone net profit of Rs 10.43 crore for the quarter ended in March 2021 against a net loss of Rs 2.91 crore for the year-ago period.
REC: The state-run non-banking finance firm REC’s arm RECPDCL has handed over two special purpose vehicles (SPVs) of transmission projects to Power Grid Corporation of India Ltd (PGCIL).
Bank of Maharashtra: The PSU lender said the pandemic-driven slowdown in the economic activities may lead to a rise in customer defaults, and its impact on the bank will depend on the COVID-19 situation going forward.
Dewan Housing Finance Corporation: The NBFC reported a consolidated net profit of Rs 96.75 crore for the last quarter of fiscal ended in March 2021. The company, which is under corporate insolvency process, had posted a net loss of Rs 7,507.01 crore in the January-March quarter of the year-ago fiscal.
Reliance Infrastructure: The Anil Ambani led firm said its board has approved raising up to Rs 550.56 crore through issuance of shares on a preferential basis. The funds raised would be utilised for long-term resources for general corporate purposes, to fund future growth and also to reduce debt, the company said.
