CESC, Rites, : CESC,
, Rites, Somany Ceramics, Welspun Enterprises, Nureca, RSPG Ventures, Olectra Greentech, DIC India, EKI Energy Services and Manaksia Steels will announce their March quarter results today.
Corporation: The State-run NBFCposted a multifold jump in its consolidated net profit to Rs 3,906.05 crore in the January-March quarter mainly on the back of higher revenues. The consolidated net profit of the company was Rs 693.71 crore in the quarter ended on March 31.
ICICI Bank: The private lender said it has raised over Rs 2,827 crore by issuing bonds on a private placement basis. Its board of the directors in April this year had approved the fundraising through the issuance of debt securities.
Coal India: The state owned miner has decided to close down 23 unviable mines and it would help save the company around Rs 500 crore considering all costs, officials said. The world’s largest miner has shut down 82 such mines in the last three-four years.
and Industries: The sugar producer said it is planning to increase its ethanol manufacturing capacity to 15 crore litres per annum from January 2022, from the current 8 crore litres. This move is in line with the government’s decision to raise ethanol blending in auto fuels to 20 per cent by 2025 from around 8 per cent currently.
Finance: The mortgage financier reported a 5 per cent decline in its profit after tax at Rs 398.92 crore in the quarter ended in March 2021 due to higher provisioning for bad loans. It had reported a profit after tax of Rs 421.43 crore in the year ago period.
Canara Bank: The state-owned lender said it will be the lead sponsor of National Asset Reconstruction Company Limited (NARCL) or bad bank with 12 per cent stake in the entity. Bad bank refers to a financial institution that takes over bad assets of lenders and undertakes resolution.
Company: The two-wheeler company said it has reduced the price of iQube Electric scooter by Rs 11,250 in line with revision in subsidy under the FAME II Scheme. The electric scooter is now priced at Rs 1,00,777 in Delhi from Rs 1,12,027 earlier.
Jubilant FoodWorks: The fast-food chain and operator of Domino’s Pizza and Dunkin’ Donuts reported over three fold jump in its consolidated net profit at Rs 105.30 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 32.53 crore in the January-March quarter a year ago.
GE Power India: The utility firm has bagged three separate orders worth Rs 125 crore from STEAG Energy (for Vedanta), Tata Power and JSW Steel. GEPIL has received three separate orders for a combined value of Rs 125 crore for upgrade of the coal-fired power plants equipment from STEAG Energy (for Vedanta), Tata Power and JSW Steel.
Spencer’s Retail: RP-Sanjiv Goenka Group firm reported narrowing of its consolidated net loss to Rs 34.53 crore for the fourth quarter ended on March 2021. The company had posted a net loss of Rs 49.26 crore in the January-March period a year ago.
Whirlpool of India: The consumer durables maker reported a 40.84 per cent jump in consolidated profit to Rs 130.06 crore for the fourth quarter ended March 31, 2021 on account of higher revenue from operations. The firm had posted a profit of Rs 92.34 crore during the January-March quarter of the previous financial year.
Easy Trip Planners: The online travel company reported a multi-fold increase in its consolidated net profit to Rs 30.46 crore for the March-ended quarter. The company had posted a net profit of Rs 3.38 crore for the January-March quarter a year ago.
Capacit’e Infraprojects: The construction company has won three contracts worth Rs 384.7 crore from Sheth Developers, Raymond Realty and a few others.
Dish TV: The DTH player said its board will meet next week to consider raising up to Rs 1,000 crore by issue of permissible securities. The DTH service provider’s board had on February 7 this year considered various options for fundraising.
Newgen Software Technologies: Three promoters of the IT services firm offloaded shares worth over Rs 335 crore of the firm through open market transactions. The shares sold by the promoters represent 10.55 per cent stake of the company. They sold 73.81 lakh shares of the firm at an average price of Rs 454 a unit, block deal data on the BSE showed.
