Tata Steel, BPCL, Eicher Motors: Tata Steel,
, Eicher Motors, Hero Motocorp, NMDC, Aurobindo Pharma, IRCTC, Ashok , Page Industries, , Power Finance Corporation, 3M India, Natco Pharma, , GR Infraprojects, , Redington (India) are among the companies that will announce quarterly earnings today.
Power of India: The state-owned board has decided to infuse fresh equity up to Rs 425 crore in Energy Efficiency Services. The Board of Directors of Power Grid has, in its 394th Meeting held on August 10, 2021, approved the proposal to infuse fresh equity up to Rs. 425 crore in Energy Efficiency Services Limited (EESL).
India: The shoemaker reported narrowing of consolidated net loss to Rs 69.47 crore for the first quarter ended June 30, 2021. The company had posted a net loss of Rs 100.88 crore for the same period of 2020-21.
Zomato: The food delivery company said its step- down subsidiary
Inc has divested its stake in Nextable Inc for $100,000. Zomato Inc has entered into a stock purchase agreement with Justin Doshi, Thusith Desilva and Robert Tyree for sale of shares held by it of Nextable Inc, another step-down subsidiary of the company.
RBL Bank: The private lender said it has been accredited by the RBI to be an agency bank to carry on banking transactions of the central and state governments. RBL Bank has been empanelled by the Reserve Bank of India (RBI) as an agency bank to conduct banking business for the central and state governments.
India Cements: The cement maker reported an over two-fold jump in consolidated net profit at Rs 46.63 crore for the quarter ended June 2021. The company had posted a net profit of Rs 19.74 crore during the April-June period of the previous fiscal.
PTC India: Power trading solutions firm reported an over 36 per cent jump in consolidated net profit to Rs 136.17 crore for the June 2021 quarter. The company’s net profit had stood at Rs 100.06 crore in the June quarter of the financial year 2020-21.
HeidelbergCement India: The company entered into Power Purchase Agreement, Share Subscription Agreement and Shareholders Agreement with Lalganj Power (LPPL) for subscribing to 36,36,364 equity shares of Rs 10 each.
YES Bank: The private lender has proposed to set up an asset reconstruction company (ARC) and invited interest from prospective investors to be a part of the company as the lead investor.
Engines: The smallcap auto parts maker reported a consolidated net profit of Rs 32.30 crore for the first quarter ended June 30, 2021. The company had posted a net loss of Rs 6.73 crore in the same period last fiscal year.
PNB Housing Finance: The housing financier is now looking to raise Rs 35,000 crore debt, after facing legal hurdles in the Carlyle group deal, days after SAT gave a split verdict in the matter. The company will seek shareholders’ nod in its annual general meeting (AGM) on September 3, 2021.
Force Motors: The commercial vehicles maker reported narrowing of consolidated net loss to Rs 4.36 crore for the June quarter amid disruptions due to the second wave of the coronavirus pandemic. The company had posted a consolidated net loss of Rs 64.99 crore in the same period last fiscal.
Novartis India: The drug firm on Wednesday reported a 43.05 per cent rise in its net profit to Rs 6.28 crore for the quarter ended June 30. The company had posted a net profit of Rs 4.39 crore for the corresponding period of the previous fiscal.
CESC: The electric utlitiy firm a 34 per cent jump in its consolidated net profit to Rs 280 crore for the June 2021 quarter. Its consolidated net profit had stood at Rs 209 crore in the corresponding quarter of the previous financial year 2020-21.
Bajaj Electricals: The household appliances maker reported widening of its consolidated net loss to Rs 24.97 crore for the quarter ending June 2021 on account of impact of the second wave of COVID-19 and rise in commodity prices. The company had posted a net loss of Rs 16.60 crore during the April-June quarter of the previous fiscal.
Rupa & Company: The knitwear major reported a 32 per cent jump in its net profit to Rs 27.2 crore in the first quarter of the current fiscal. The Kolkata-based company said that it recorded a net profit of Rs 20.6 crore in the corresponding quarter of the previous fiscal.
Orient Green Power: The smallcap utilities company posted a consolidated net profit of Rs 2.2 crore in the June quarter on the back of higher revenues. The company had reported a consolidated net loss of Rs 14.71 crore in the quarter ended on June 30, 2020.
Essar Shipping: The smallcap shipping company reported widening of its consolidated loss to Rs 311.43 crore in the first quarter ended June 30. The company had clocked a ‘loss after share of profit/loss of associate’ of Rs 103.22 crore in the corresponding quarter a year ago.
