Britannia, Sobha, Auro Pharma: Britannia Industries, Sobha, Aurobindo Pharma, Shyam Metalics and Energy, EID Parry (India), V-Mart Retail, 3i Infotech, Balrampur Chini Mills, KRBL, Elgi Equipments, Vijaya Diagnostics Centre, HG Infra Engineering and Wockhardt are among the companies that will announce their September quarter results today.
Tata Motors: The homegrown auto major owned Jaguar Land Rover (JLR) expects the semiconductor shortage situation to gradually start recovering in the remaining part of the current financial year. The British multinational auto company in the meantime will continue to take steps to contain the impact of the shortage on its operations across the globe.
Sun Pharma, Lupin: The leading drug makers are recalling different products in the US, the world’s largest market for medicines, for different reasons.
State Bank of India: The country’s largest lender reported a 66.73 per cent jump in its standalone profit after tax (PAT) to Rs 7,627 crore in the quarter ended September, aided by higher net interest income and improvement in asset quality.
Eicher Motors: The automaker reported 9 per cent rise in consolidated profit at Rs 373.2 crore for September quarter 2021-22 boosted by growth in commercial vehicles segment amid semiconductor shortage affecting sales of Royal Enfield motorcycles.
Indian Oil Corporation: The nation’s largest oil firm will set up 10,000 charging stations for electric vehicles (EVs) in the next three years as it prepares for the energy transition leading to net-zero by 2070, its chairman Shrikant Madhav Vaidya said on Wednesday.
GAIL (India): The National Company Law Tribunal has approved state-owned gas utility GAIL (India) Ltd’s acquisition of bankrupt Infrastructure Leasing and Financial Services’ 26 per cent stake in ONGC Tripura Power Company (OTPC).
NMDC: The state-owned miner has recorded 43 per cent jump in its iron ore output to 21.04 million tonne (MT) during the April-October period of the ongoing fiscal year, according to an official statement. During the period, sales of the country’s largest iron ore miner also registered 43 per cent growth to 22.08 MT.
Gland Pharma: The drug maker which operates primarily under a business-to-business model, is looking at complex injectables segment, contract development, and manufacturing of biosimilars to fuel its near term growth.
Hindalco Industries: The part of the Aditya Birla Group announced the acquisition of 100 per cent equity stake in Ryker Base Pvt Ltd for an enterprise value of Rs 323 crore. Ryker is a wholly-owned subsidiary of Polycab India.
DLF: The realty major’s arm DCCDL, which holds bulk of its office and rental assets, has reported a 3 per cent increase in net debt at Rs 19,640 crore during the September quarter due to higher capex.
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ven Pharmaceuticals: The pharma player posted a 31 per cent increase in its consolidated net profit at Rs 97 crore for the second quarter ended September 30. The company had reported a net profit of Rs 74 crore in the July-September period of the previous fiscal.
Ashok Leyland: The hinduja Group flagship said it has handed over the first batch of 12 M Ultra Low Floor BS VI CNG buses to IndiGo airlines for operation at the New Delhi airport.
Pfizer: The drug firm reported an 8.81 per cent rise in net profit to Rs 142.95 crore for the quarter ended September 30, 2021. The company had posted a net profit of Rs 131.37 crore for the corresponding period of the previous fiscal.
Tata Steel BSL: The metal player aid it has exported 9,000 tonnes of LD slag, a by-product of manufacturing the metal, to Bangladesh, in the first such shipment from India to the neighbouring country. It shipped out the product through Dhamra Port to the Bangladesh market from its unit in Odisha’s Dhenkanal district.
Godrej Properties: The realty firm’s sales bookings rose 18 per cent to Rs 3,072 crore during the April-September 2021 period, driven by higher demand of its residential properties in Delhi-NCR. The sales bookings had stood at Rs 2,605 crore in the corresponding period of the last financial year.
Divi’s Laboratories: The drug firm reported a 16.71 per cent jump in its consolidated net profit to Rs 606.46 crore for the quarter ended September 30, mainly on account of robust sales.
Happiest Minds Technologies: The IT player wants to bring down its dependency on the world’s largest software market US to under-65 per cent on a sustainable basis.
Aditya Birla Fashion and Retail: The fashion retailer swung back into black in the July-september quarter of 2021 on the back of a strong rebound in the business. The company posted a net profit of Rs 5.09 crore for the quarter ended in September 2021 against a net loss of Rs 188.22 crore during the July-September quarter of the previous fiscal.
Sun TV Networks: The media player reported a consolidated profit after tax (PAT) of Rs 395.55 crore for the quarter ended September 30, 2021. The company had reported a PAT of Rs 335.02 crore in the previous July-September period.
TCI Express: Logistics company is looking to begin deliveries using drones by the end of the ongoing fiscal. Recently, the company concluded its initial trials, TCI Express Managing Director (MD) Chander Agarwal told.
Uflex: The packaging materials and solution company reported 22.95 per cent fall in consolidated net profit at Rs 171.05 crore for the second quarter ended September 30, 2021. The company had posted a net profit of Rs 222 crore in the year-ago period.
Bata India: The shoemaker reported a consolidated net profit of Rs 37.18 crore for the second quarter ended September 2021 helped by an increase in sales from its retail outlets, e-commerce platforms and expansion drive of the company.
Dhanlaxmi Bank: The private lender reported a nearly 74 per cent plunge in its net profit to Rs 3.66 crore in quarter ended in September 2021 as provisions rose due to a spike in bad loans. The private sector bank had posted a net profit of Rs 14.01 crore in the corresponding period a year ago.
RattanIndia Power: The energy firm reported widening of consolidated net loss to Rs 463.95 crore for September quarter 2021-22. In the year-ago period, it incurred a loss of Rs 461.27 crore.
Future Retail: In escalation of the Future group-Amazon feud, Future Retail Ltd’s independent directors have urged the Competition Commission to revoke the approval given two years ago for Amazon’s deal with Future Coupons, alleging that the e-commerce major had made false statements for getting the regulatory nod.
McLeod Russel India: The bulk tea major its bankers have signed an Inter Creditors Agreement (ICA), a precursor to a resolution plan for debt restructuring, that rekindled hope of revival of the once largest tea producer of the world.
EKI Energy Services: The energy player is eyeing a turnover of Rs 1,000 crore in the current fiscal and expects sales to grow up to 50 per cent in 2022-23 in the backdrop of many nations opting for the ‘net zero’ emissions goal.
