Adani Transmission, Vedanta, Shree Cement:
, Vedanta, Shree Cement. Bharat Petroleum, Dr Reddy’s Laboratories, IRCTC, GAIL (India), JSW Energy, UPL, , Bharat Electronics, Bandhan Bank, SAIL, Adani Power, and Oberoi Realty are among the companies that will announce their September quarter results today.
NTPC: The state-owned power major posted a nearly six per cent jump in net profit at Rs 3,690.95 crore in the September quarter, mainly on account of higher revenues. The net profit of the company was at Rs 3494.61 crore in the year-ago period.
Tata Consumer Products: The FMCG player said it will transfer its tea cafe business ‘Tata Cha’ to group firm IHCL, which operates Taj group of hotels. Tata Cha would be of Qmin brand of IHCL.
DLF: The realty firm reported a 66 per cent increase in consolidated net profit at Rs 378.12 crore for the quarter ended September while sales bookings grew 77 per cent to Rs 1,512 crore on revival in housing demand, particularly for luxury apartments. The company’s net profit stood at Rs 227.75 crore in the year-ago period.
Marico: The Homegrown FMCG major reported a 16 per cent growth in consolidated net profit at Rs 316 crore in the second quarter ended September driven by volume growth in the domestic market. The company had posted a consolidated net profit of Rs 273 crore in the corresponding period last fiscal.
Jindal Stainless (Hisar): The metal player posted a nearly three-fold jump in its consolidated net profit at Rs 498.58 crore during the quarter ended September 30, mainly on account of higher income. The company said it had clocked Rs 168.64 crore net profit in the year-ago quarter.
SBI Cards and Payment Services: The financial service player reported a 67 per cent jump in net profit at Rs 345 crore for the September quarter on the back of good growth in retail and corporate spends. The pure-play credit card company had registered a net profit of Rs 206 crore in the same period a year ago.
RBL Bank: The private sector lender reported a 78 per cent decline in its September quarter net profit at Rs 31 crore on a jump in asset quality issues but guided towards a better second half with better ratios.
InterGlobe Aviation: The parent of the country’s largest airline IndiGo reported a net loss of Rs 1,435 crore for September quarter 2021-22. The airline, which had a fleet of 279 planes at the end of September 2021, incurred a net loss of Rs 1,194 crore in the year-ago period.
AU Small Finance Bank: The private lender reported 13 per cent decline in net profit at Rs 279 crore for September quarter 2021-22 due to rise in bad loans. The lender had posted a net profit of Rs 322 crore for the year-ago period.
Motilal Oswal Financial Services: The financial services player reported Rs 536 crore in consolidated net profit for the quarter to September, a full 81 per cent growth year-on-year and the highest ever quarterly profit, driven by investment gains to the tune of Rs 267 crore and the record high performance of the broking vertical.
Mahindra & Mahindra Financial Services: The NBFC reported an over three-fold rise in consolidated net profit at Rs 1,103 crore for the September quarter, boosted by healthy operating performance and reversal of impairment cost. The company had posted a net profit of Rs 353 crore in the corresponding quarter of last year.
Indian Bank: The state-run lender reported a 164 per cent jump in standalone net profit at Rs 1,089 crore for the quarter ended September, aided by a fall in provisions and better recoveries. The lender had reported a profit after tax of Rs 412 crore in the year-ago period.
Happiest Minds Technologies: The IT player said its consolidated net profit in September quarter rose 30.4 per cent to Rs 44.44 crore. The IT company had posted a net profit of Rs 34.08 crore in the year-ago period.
UTI Asset Management Company: The mutual fund firm reported a 68 per cent jump in profit after tax (PAT) to Rs 199 crore for the three months ended September 2021. The company had posted a PAT of Rs 118.61 crore in the same quarter of the preceding fiscal.
& Industries: The tyre maker reported a 40.77 per cent decline in consolidated net profit at Rs 64.96 for the second quarter ended September 30, 2021. The company had posted a net profit of Rs 109.68 crore in the July-September period of previous fiscal.
Tata Power: The Tata Group firm posted 36 per cen jump in consolidated net profit at Rs 506 crore for September quarter 2021-22 on the back of higher revenues. The net profit of the company in the quarter ended September 30, 2020 was Rs 371 crore.
Zydus Wellness: The pharma player reported a consolidated net profit of Rs 21.47 crore for the second quarter ended September on account of robust sales. The company had posted a net loss of Rs 105.34 crore for the corresponding period of the previous fiscal.
Intellect Design Arena: The IT company posted a 33.7 per cent increase in consolidated profit after tax at Rs 79.2 crore for the second quarter ended September. It had registered a profit after tax of Rs 59.2 crore in the same period a year ago.
Karnataka Bank: The private sector lender reported a moderate rise of 5.17 per cent in its net profit at Rs 125.61 crore in the second quarter ended September 2021. The bank had posted a net profit of Rs 119.44 crore in the same quarter of the previous fiscal year.
JM Financial: The leading brokerage reported Rs 174.43 crore in net profit for the three months to September, up 25.44 per cent from Rs 139.06 crore a year ago.
Blue Star: The air conditioning and commercial refrigeration firm reported over two-fold jump in consolidated net profit to Rs 31.45 crore for the second quarter ended September 30. The company had posted a consolidated net profit of Rs 15.40 crore in the July-September quarter last fiscal.
Welspun Corp: The pipe maker reported a 45 per cent fall in its consolidated net profit to Rs 84.16 crore for the second quarter ended September 30, mainly due to higher expenses. It had clocked Rs 153.83 crore net profit in the year-ago quarter.
UCO Bank: The state run lender reported a multifold jump in net profit at Rs 205.39 crore for the second quarter ended September 2021 as bad loans fell. The Kolkata-headquartered public sector lender had registered a net profit of Rs 30.12 crore in the year-ago period.
CarTrade Tech: Multi-channel automobile buying and selling platform reported a consolidated net loss of Rs 35.35 crore for the second quarter ended September 30, 2021. The company had posted a consolidated net profit of Rs 10.88 crore in the same period last fiscal.
EaseMyTrip: Online travel platform said it will acquire B2B travel marketplace Traviate Online Pvt Ltd for an undisclosed sum to bolster its hotel and holiday portfolios.
Sugars: The sugar producer posted a consolidated net loss of Rs 97.8 crore during the second quarter of the current fiscal on lower income and higher finance cost. The company had posted a net profit of Rs 104.8 crore in the corresponding quarter of the previous fiscal.
Westlife Development: The restaurants operator reported narrowing of consolidated net loss at Rs 4.42 crore for September quarter 2021-22. The company had posted a net loss of Rs 32.54 crore in July-September period a year ago.
Infibeam Avenues: The IT player reported a 53 per cent rise in consolidated net profit to Rs 18 crore in the September 2021 quarter. It had posted a net profit of Rs 12 crore in the year-ago period.
EKI Energy Services: The energy player posted a net profit of Rs 81 crore in the September quarter, helped by higher revenues. The company had a net profit of Rs 19 crore in the entire 2020-21 fiscal, a company statement said.
Reliance Infrastructure: The Anil Amabni Group firm reported a consolidated net loss of Rs 287.21 crore for the quarter ended September 30, 2021. The company incurred a loss of Rs 277.44 crore in the year-ago period.
Best Agrolife: The agro-chemical firm posted a multi-fold increase in standalone net profit at Rs 24.94 crore for the quarter ended September on higher sales revenue. The company had posted a net profit of Rs 1.81 crore in the year-ago period.
