DLF, , Sun TV: DLF, Bharat Heavy Electricals (BHEL), Sun TV Networks, CG Power and Industrial Solution,
, BEML, DFM Foods, Cochin Shipyard, Heranba Industries, India Power Corporation and Lumax Industries are among the companies that will announce their March quarter results today.
NHPC: The state-owned hydro power giant reported nearly 80 per cent jump in its consolidated net profit to Rs 464.60 crore for the March 2021 quarter. Its consolidated net profit stood at Rs 258.83 crore in the quarter ended on March 31, 2020.
Mazagon Dock Shipbuilders: The recently listed PSU firm reported a manifold jump in consolidated net profit to Rs 230.54 crore for the quarter ended March 2021. The company had reported a profit of Rs 41.55 crore in the corresponding period previous fiscal.
National Fertilizer: The state owned fertilizers player reported narrowing of consolidated loss at Rs 9.53 crore for March quarter 2020-21. The company had reported a loss of Rs 248.65 crore in the year-ago period.
YES Bank: The private lender received board approval for raising up to Rs 10,000 crore by issuing debt securities. The board of directors in its meeting held on June 10, 2021, considered and approved seeking shareholders’ approval for borrowing funds in Indian/foreign currency up to Rs 10,000 crore by issuing debt securities.
Century Plyboards (India): The Forest Products company reported a standalone net profit of Rs 83 crore for the fourth quarter ended March 2021, a jump of 115 per cent over the previous year corresponding quarter profit of Rs 39 crore.
Power Grid Corporation: The state-run entity said its board will consider a proposal to issue bonus shares to its shareholders in a meeting scheduled on June 17.
GE T&D India: The power transmission and distribution firm posted a net profit of Rs 16.11 crore in the March 2021 quarter. The company had reported a loss of Rs 187.13 crore in the quarter ended on March 31, 2020.
NBCC: Jaypee Infratech’s financial creditors decided to put the bids of NBCC and Suraksha group to vote after both parties submitted final offers for the debt-laden company.
Enterprises: The media major will launch its streaming platform ZEE5 in the US market on June 22, targeting the large diaspora audience in the region. The platform is currently under beta testing in the US market, ZEE5 said.
Bank of Baroda: The state-owned lender said it has slashed the benchmark one-year marginal cost of funds based lending rate (MCLR) by 0.05 per cent. The bank has approved the revision in MCLR with effect from June 12, 2021.
Gayatri Projects: The National Highways Authority of India (NHAI) said it has declared Gayatri Projects as a non-performer and has prohibited the firm to participate in the ongoing and future bids of NHAI till the defects on the current project are not completely rectified as per contract requirement.
Construction Companies: Around 90 per cent of real estate developers feel that the second wave of the COVID-19 has been more “devastating” on their business than the first one, as new sales and collections have fallen drastically since April this year, as per a survey by realtors’ body Credai.
