Tech Mahindra, SRF, HDFC AMC: Tech Mahindra, Indus Towers, SRF, HDFC Assest Management Company, Coforge, Colgate Palmolive, Kansai
Paints, The Ramco Cements, Aditya Birla Sun Life AMC, Home First Finance Company India, CEAT and are among the companies that will announce their September quarter results today.
Reliance Industries: Billionaire Mukesh Ambani’s firm reported a 43 per cent jump in July-September quarter net profit as all its businesses witnessed robust performance. Net profit in the second quarter of the current fiscal at Rs 13,680 crore compared to Rs 9,567 crore a year back.
ICICI Bank: The private lending major eported 24.7 per cent rise in consolidated net profit at Rs 6,092 crore for September quarter 2021-22. The private sector lender had posted a net profit of Rs 4,882 crore in the same quarter of the previous fiscal year.
NTPC: The state-run power giant has floated a tender to procure 1 million tonnes of imported coal after a gap of more than two years amid the ongoing shortage of dry fuel at electricity generating projects across the country.
Bharat Petroleum Corporation: The privatisation-bound oil marketer said its board has approved the merger of the unit that operates the Bina oil refinery in Madhya Pradesh with itself.
Apollo Tyres: Strengthening its product offering further in the Indian market, Apollo Tyres has introduced its European tyre brand Vredestein in the country to cater to premium cars and superbike segments. The home-grown tyre major is eyeing around 30 per cent market share in the segment over the next two years.
Multi Commodity Exchange of India: The commodity bourse reported 44 per cent decline in consolidated net profit at Rs 32.66 crore for the quarter ended September 2021. Its net profit stood at Rs 58.55 crore in the year-ago period.
Federal Bank: The private sector lender reported a 50 per cent jump in its standalone profit after tax at Rs 460.26 crore in the quarter ended September 2021. The lender had earned a profit after tax of Rs 307.62 crore in the corresponding quarter of the previous fiscal.
Polycab India: The wires and cables manufacturer reported a decline of 9.49 per cent in consolidated net profit at Rs 200.52 crore for the September 2021 quarter. The company’s net profit stood at Rs 221.55 crore during the corresponding period of 2020-21.
Insurance Company: The private life insurer reported a 16 per cent decline in consolidated net profit to Rs 275.91 crore in the September quarter, primarily due to higher reserves set aside for expected COVID claims. The life insurer had posted a net profit of Rs 327.83 crore in the year-ago period.
Tata Power
: The Tata Group firm said it has inked a pact with IIT Delhi to work together on clean energy and other projects that can be transformed from research and development level to pilot stage.
Hindustan Zinc: Driven by recovery in metal prices and lower effective tax sequentially, Vedanta group firm Hindustan Zinc reported a 3.9 per cent rise in its net profit to Rs 2,017 crore for the quarter ended September 30. The company had posted a net profit of Rs 1,940 crore in the year-ago period.
Tata Elxsi: The IT plaer said its net profit increased 58.9 per cent to Rs 125.3 crore in September 2021 quarter. The company had registered a net profit of Rs 78.8 crore in the year-ago period.
Minda Industries: The auto parts manufacturer said the investment committee of its board has given its go-ahead to second tranche of stake purchase in Strongsun Renewables. The committee approved the acquisition of 3,07,850 equity shares of the face value of Rs 10 each at a premium of Rs 70 i.e. Rs 80 per share, aggregating to Rs 2,46,28,000.
Deepak Fertilisers and Petrochemicals Corporation: The chemical player has raised Rs 510 crore through the issue of equity shares to institutional investors. The company had launched its QIP issue on October 19, and the issue was closed on Friday.
Jubilant Pharmova: The pharmaceuticals firm reported a 3 per cent decline in consolidated net profit from continuing operations at Rs 142.64 crore crore for the second quarter ended September 30, 2021. The company had posted a consolidated net profit of Rs 146.9 crore in the same period last fiscal.
PVR: The leading multiplex chain operator reported narrowing of its consolidated net loss to Rs 153.13 crore for the second quarter ended September 30, 2021. The company had posted a net loss of Rs 184.06 crore in the July-September quarter a year ago.
Greaves Consumer Electricals: The electric appliance maker reported a 12 per cent increase in consolidated net profit at Rs 158.81 crore in the second quarter ended September. The company had posted a consolidated net profit of Rs 141.68 crore in the corresponding quarter last fiscal.
Icra: The rating agency announced the appointment of Ramnath Krishnan as the company’s Managing Director and Group Chief Executive Officer. He joined
in 2020 and is President – Ratings and Chief Rating Officer of the company.
TCI Express: The logistics firm posted a 41 per cent jump in standalone net profit to Rs 34 crore in the September quarter, mainly on account of higher income. It had clocked a net profit of Rs 24 crore in the year-ago period.
Macrotech Developers: The realty firm plans to raise up to Rs 4,000 crore through issue of securities for future growth and is also considering setting up a funding platform along with global investors to develop data centres and industrial & logistic parks.
SJVN: The power producer is keen to make more investments in hydro projects in Uttarakhand and expects to complete the 60 MW Naitwar Mori hydel project by June 2022. SJVN is working in hydro, wind, solar and thermal sectors.
CG Power and Industrial Solutions: The diversified conglomerate Murugappa Group has reported a standalone net profit at Rs 93.67 crore for the quarter ending September 30, 2021. The company had reported standalone net loss at Rs 134.90 crore during corresponding quarter previous year.
Dish TV: The broadcast company’s Rs 1,000 crore rights issue is critical for the survival of the DTH company that needs funds to upgrade technology and replace old set-top boxes with the new-age smart connected boxes otherwise its subscriber base would shrink.
ABB Power Products and Systems India: The electric utility firm posted multifold jump in net profit to Rs 34.32 crore for September quarter 2021. The net profit of the company in the year-ago quarter was Rs 4.76 crore.
Wendt (India): The super abrasives-manufacturer said the company reported standalone profits at Rs 7.03 crore for the quarter ending September 30, 2021. The Murugappa Group company made standalone net profit of Rs 3.49 crore during the corresponding quarter the previous year.
Mahindra Holidays and Resorts India: The leisure firm reported over two-fold jump in consolidated profit at Rs 59.76 crore for September quarter 2021-22 on the back of summer holiday season and domestic leisure travel gaining momentum.
Orient Electric: The electric appliances maker reported 7.25 per cent rise in net profit at Rs 34.77 crore for the second quarter ended September 30, 2021. The CK Birla group firm had posted a net profit of Rs 32.42 crore in July-September last fiscal year.
Dodla Dairy: The recently listed dairy player reported a 31 per cent fall in its consolidated net profit to Rs 29.39 crore for the quarter ended September. Its net profit stood at Rs 42.56 crore in the year-ago period, the regulatory filing said.
Shanthi Gears: The Manufacturers of gears and gear products has reported net profits of Rs 7.90 crore for the quarter ending September 30, 2021, the Tamil Nadu- based company said. A part of the diversified conglomerate Murugappa Group, Shanthi Gears clocked net profits at Rs 6.63 crore in the corresponding quarter previous year.
