GCPL, & Neuland Labs:
, Siemens, , Linde India, BASF India, , , Granules India, Kalpataru Power, Neuland Labs, Alembic, Huhtamaki India and Dishman Carbogen Amcis are among companies that will announce their March quarter results today.
HFCL: The domestic telecom gear maker posted a multifold jump in its consolidated net profit to Rs 86.47 crore in the quarter ended March 31, 2021. The company had posted a net profit of Rs 8.7 crore in the corresponding period of the previous year.
Indian Overseas Bank: State-owned lender said its board will meet next week to issue preference shares to the government for Rs 4,100 crore capital infusion. A meeting of the board of directors for the issue of equity share capital would be held on Monday, May 17, 2021, to issue and allot shares to the government on a preferential basis for the capital infusion of Rs 4,100 crore,
said in a regulatory filing.
JMC Projects: The construction and engineering firm posted a consolidated net profit of Rs 41.44 crore for the January-March quarter driven by higher revenues. The company had reported a consolidated net loss of Rs 54.76 crore in the quarter ended on March 31, 2020, a BSE filing said.
HSIL: Sanitaryware and packaging products maker HSIL reported several-fold jumps in its net profit to Rs 33.02 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 3.38 crore in the January-March period a year ago, HSIL Ltd said in a BSE filing.
BPCL: Government-headhunter PESB selected the next chairman and managing director of (BPCL), in signs that the privatisation of the state-owned oil refining and marketing firm may be delayed.
InterGlobe Aviation: The parent of the country’s largest airline IndiGo, its board has approved raising up to Rs 3,000 crore through sale of shares to institutional investors. The fundraising plan of the company comes at a time when the airline industry is facing significant headwinds due to the coronavirus pandemic that has resulted in falling passenger demand and low occupancy in flights.
Punjab National Bank: The PSU lender said its board has approved raising equity capital from qualified institutional investors to enhance its capital base. For the Qualified Institutional Placement (QIP) purposes, the bank has fixed the floor price at Rs 35.51 per equity share.
Coforge: The sole promoter of IT firm, Hulst BV offloaded shares worth a little over Rs 616 crore in the firm, through an open market transaction. As per BSE’s bulk deal data, the promoter sold 19 lakh scrips at an average price of Rs 3,242.26.
Private sector banks: The Reserve Bank came out with modified guidelines that allow sound private sector banks to undertake government business, whether at the Centre or in states. According to the modified norms, scheduled private sector banks, which are not under the Prompt Corrective Action (PCA) framework of the RBI, can undertake government business after executing an agreement with the central bank.
Chambal Fertilisers and Chemicals: The chemical manufacturer reported a surge in consolidated profit for the quarter ending March 31 at Rs 541.75 crore compared to the same period of the previous financial year. The company’s consolidated net profit stood at Rs 201.07 crore during the corresponding quarter of 2019-20.
General Insurance companies: The gross direct premium written by non-life insurance companies rose by over 22 per cent in April this year to Rs 17,309.54 crore, as per regulatory data. All the 33 insurance companies in the non-life segment had generated gross written premiums of Rs 14,174.10 crore in the same month of 2020.
