Power Grid, M&M, : Power
, Mahindra & Mahindra, Bosch, Petronet LNG, , Indraprastha Gas, MRF, Bharat Heavy Electricals, Hindustan Copper, Godrej Agrovet, Redington (India), and IDFC are among the companies that will announce their September quarter results today.
Reliance Industries: The largest company has exited the last of its shale gas assets in the US after it agreed to sell its holding in EagleFord shale gas assets for an undisclosed sum of money. Reliance had between 2010 and 2013 bought stakes in three upstream exploration joint ventures.
Industries: The FMCG player reported a decline of 22.9 per cent in consolidated net profit at Rs 381.84 crore for the second quarter ended in September, impacted by inflationary trends in raw material inputs. The company had posted a net profit of Rs 495.20 crore in the July-September quarter a year ago.
Vedanta: The mining player announced the delisting of American Depositary Shares from the New York Stock Exchange at the close of trading on Monday. Vedanta had earlier said the decision to delist American depositary shares from the New York Stock Exchange (NYSE) is aimed at simplification and triggered by the low trading volumes in the security.
Sobha: The realty firm reported a nearly three-fold jump in its consolidated net profit at Rs 48.3 crore for the quarter ended September and announced plans to raise Rs 140 crore through the issue of debentures. Its net profit stood at Rs 16.2 crore in the year-ago period.
SBI Cards and Payment Services: The NBFC said it will raise Rs 2,000 crore by issuing bonds on a private placement basis. The board of directors of the company has approved, raising of funds by way of issuance of non-convertible debentures (NCDs).
Aurobindo Pharma: The drug firm reported a 13.69 per cent decline in its consolidated net profit to Rs 696.71 crore in the July-September quarter mainly on account of decline in sales in the growth markets and its anti-retroviral business.
DCM Shriram: The company engaged in chemicals, sugar, and fertilisers businesses announced an investment of over Rs 350 crore, mainly to expand the capacity of sugar mills.
Ujjivan Small Finance Bank: The private lender reported a net loss of Rs 274 crore in quarter ended September 2021 as the core income fell, alongside a spike in provisions for bad loans. The Bengaluru-headquartered SFB had posted a net profit of Rs 96 crore in September 2020 quarter.
Cadila Healthcare: The drug firm said it has received an order to supply one crore doses of its COVID-19 vaccine, ZyCoV-D, to the Indian government at Rs 265 per dose.
V-Mart Retail: The retail chain player reported narrowing of net loss to Rs 14.14 crore for the second quarter ended September 30, 2021. The value fashion and lifestyle products retailer had posted a net loss of Rs 18.96 crore in July-September period a year ago.
Utkarsh Small Finance Bank: The small lender reported nearly 52 per cent decline in net profit at Rs 37.67 crore for the half year ended September 2021 of the current fiscal year on higher provisions. The IPO-bound SFB had posted a net profit of Rs 77.87 crore in the same period a year ago.
KRBL: The basmati rice firm reported a 9 per cent decline in its consolidated net profit at Rs 136.22 crore for the quarter ended September. Its net profit stood at Rs 149.81 crore in the year-ago period.
Inox Wind: The renewable energy player said it has bagged a 150 MW wind power project order from NTPC Renewable Energy. The project will help NTPC achieve its target of having over 60 GW renewable energy capacity, constituting nearly 50 per cent of the company’s overall power generation capacity by 2032.
Karur Vysya Bank: The private lender reported a 43.5 per cent jump in its net profit to Rs 165 crore in the quarter ended in September 2021 on improved credit off-take in retail and business segments as well as a fall in bad loan provisions. The south-based lender had posted a net profit of Rs 115 crore in the same quarter a year ago.
