Kotak Mahindra Bank, SBI Life: Godrej Properties, IDBI Bank, Kotak Mahindra Bank, SBI Life Insurance, L&T Tech, Varun Beverages, Tata Chemicals, Home First Finance and
are among companies that will announce their March quarter results today.
Hero MotoCorp: The country’s top two-wheeler maker
said it has sold 3,72,285 units last month, down by 35 per cent from 5,76,957 units dispatched in March this year.
Bajaj Electricals: The company said it has bought the remaining stakes of Starlite Lighting Ltd for a cash consideration of around Rs 60 crore from its promoters.
Amara Raja Batteries: The battery maker said it has received closure orders from the Andhra Pradesh Pollution Control Board (APPCB) for its plants located in the state.
IndusInd Bank: The private sector lender reported a 193 per cent jump in consolidated profit after tax at Rs 926 crore for the March quarter, aided by higher net interest income and lower provisions.
Reliance Industries: Billionaire Mukesh Ambani’s RIL reported more than doubling of its March quarter net profit as consumer businesses of retail and telecom as well as petrochemicals saw sequential recovery on improved spreads offsetting continued weakness in refining business.
YES Bank: reported a net loss of Rs 3,787.75 crore for the quarter ended March as against a net loss of Rs 3,668.3 crore in the year-ago quarter due to a rise in provisions. The bank, meanwhile, said it would not sell any default loans to the newly proposed National Asset Reconstruction Company (NARC) as it believes it would be able to recover more than the proposed bad debt aggregator.
Eicher Motors: Mid-sized motorcycle maker Royal Enfield, part of Eicher Motors, said it has sold a total of 53,298 units in April, down 19 per cent from 66,058 units in March this year. The company’s domestic sales stood at 48,789 units, down 19 per cent from 60,173 units in March.
Tech Mahindra: IT company Tech Mahindra is in the process of filing a patent, along with Reagene Biosciences, for a drug molecule that can potentially attack coronavirus, according to a senior company official.
Maruti Suzuki: The country’s largest carmaker
(MSI) reported a 4 per cent decline in total sales to 1,59,691 units in April as compared to 1,67,014 units in March this year as a spike in COVID-19 cases hit dispatches.
Trent: The Tata group retail firm reported a consolidated net profit of Rs 17.44 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 3.21 crore in the January-March period a year ago, Trent said in a BSE filing.
SpiceJet, InterGlobe Aviation: Jet fuel price was hiked by steep 6.7 per cent on Saturday, reversing price cuts of last month, while an increase in petrol and diesel prices may be on the anvil as international prices firmed up.
Tata Motors:
said its total domestic sales declined by 41 per cent to 39,530 units in April as compared to 66,609 vehicles in March this year. The company had not sold any vehicle in April last year due to the nationwide lockdown.
Inox Leisure: Multiplex major Inox Leisure has partnered with food delivery apps, including Zomato and Swiggy, to deliver its food and beverages products to customers to their homes as the pandemic continues to impact cinema operations in the country.
Mahindra & Mahindra (M&M): The automaker said its total sales declined by 10 per cent to 36,437 units in April as compared with March this year on account of lockdown in various states amid surge in COVID-19 cases.
SBI:
(SBI) said it has reduced home loan interest rate to 6.70 per cent. The lender said home loan interest rates are now starting from 6.70 per cent for loans up to Rs 30 lakh and 6.95 per cent for loans above Rs 30 lakh to Rs 75 lakh.
Shriram City Union Finance: SCUF reported a nearly two-fold rise in consolidated net profit at Rs 298.28 crore for the last quarter of fiscal ended March 2021. The company’s net profit was Rs 150.92 crore in the corresponding period of 2019-20.
