HUL, Nestle, ICICI Pru Life: Hindustan Unilever, Nestle India, ICICI Prudential Life Insurance, L&T Technology Services, ACC, ICICI Securities, Navin Fluorine International, DCM Shriram,
Ingrevia, Tata Steel BSL, and Media & Investment are among the companies that will announce their September quarter results today.
HCL Technologies: The IT services major said it continues to be positive about its products and platform business and expects to see strong growth in the segment in the December quarter.
UltraTech Cement: The Aditya Birla group firm reported a consolidated net profit of Rs 1,310.34 crore for the quarter ended in September 2021 against Rs 1,310.06 crore in the year-ago quarter on account of sharp rise in coal and pet coke prices.
State Bank of India: The country’s largest lender said it has raised Rs 6,000 crore by issuing Basel III compliant bonds. In June, the bank had received approval from its central board for raising fresh AT 1 capital of up to Rs 14,000 crore.
Adani Ports and Special Economic Zone: The Adani Group firm said the company has raised Rs 1,000 crore by allotment of secured, redeemable, and non-convertible debentures (NCD) on the private placement basis.
Teclos: In line with the bold reforms announced for the telecom sector, the government has now written to telcos, including Bharti Airtel, Vodafone Idea and Reliance Jio, asking them to convey by October 29 if they would be opting for four-year dues moratorium.
Manappuram Finance: The gold loan player said Jagdish Capoor has resigned as its independent non-executive director and chairman of its board, due to age-related reasons. Capoor has tendered his resignation and is stepping down as director from the board with effect from October 18.
L&T Infotech: The IT company reported a 20.8 per cent increase in consolidated net profit to Rs 551.7 crore for the quarter ended September. This is against a net profit of Rs 456.8 crore in the same period a year ago.
Tata Coffee: The Tata Group coffee player reported a 26.55 per cent jump in consolidated net profit for the September quarter at Rs 53.66 crore, driven by value-added businesses. The company’s consolidated net profit during the corresponding quarter of the previous fiscal stood at Rs 42.40 crore.
Global Solutions: Fair trade regulator CCI approved the acquisition of worldwide healthcare BPO services of Hinduja Global by Betaine B.V. The transaction will involve the acquisition of worldwide healthcare BPO services of the company, along with certain assets, contracts and employees by Betaine.
Route Mobile: The enterprise communication services firm posted 28 per cent increase in its consolidated net profit to Rs 42 crore in the second quarter ended on September 30, 2021. The company had registered a profit of Rs 32.72 crore in the same quarter a year ago.
Edelweiss Financial Services: The NBFC said its insurance brokerage arm EGIBL has ceased to be its subsidiary post transfer of majority stake to Arthur J Gallagher & Co. In July this year, Edelweiss had informed about the acquisition of the stake in its subsidiary Edelweiss Gallagher Insurance Brokers Ltd by Arthur J Gallagher & Co.
CG Power and Industrial Solutions: The heavy electrical equipment said it has signed a binding term sheet with Evie Real Estate to sell its property at Kanjurmarg in Mumbai, for Rs 382 crore by March 2022.
Sunteck Realty: The real estate firm has signed a joint development agreement to develop a new housing project in Maharashtra on 110-acre land parcel.
Alok Industries: The integrated textile company reported a consolidated net loss of Rs 84.11 crore for the second quarter ended September. The Mumbai-based bankrupt company had reported a net profit of Rs 4,798.64 crore in the July-September period a year ago.
SVP Global Ventures: The compact cotton yarn manufacturer reported a nearly four-fold jump in consolidated net profit to Rs 40.85 crore for the second quarter ended September 30.
Lagnam Spintex: The manufacturers of cotton yarns has reported reported a net profit of Rs 6.14 crore for the quarter ending September 30, 2021 as against a net profit of Rs 1.13 crore for corresponding last year quarter.
