Dr. Reddy’s Labs, IndusInd Bank, : Dr. Reddy’s Laboratories, IndusInd Bank, Interglobe Aviation,
, Torrent Pharmaceuticals, Dalmia Bharat, Dixon Technologies (India), The Ramco Cements, Sanofi India, , TTK Prestige, KPR Mills, Lux Industries and IIFL Finance are among the company that will announce quarterly earnings today.
Axis Bank: The private lender’s June quarter consolidated net profit more than doubled to Rs 2,374.50 crore driven by other income and lower provisions, but the third largest private sector lender witnessed a jump in stress in the retail loan portfolio.
Tata Motors: The homegrown auto major reported a narrowing of consolidated net loss at 4,450 crore in the first quarter ended June 30 as sales improved when compared with the same period of the last fiscal. The Mumbai-based company had posted a consolidated net loss of Rs 8,444 crore in the same quarter last fiscal.
Larsen & Toubro: The infrastructure major L&T posted an over two-fold jump in consolidated profit after tax (PAT) to Rs 1,531.66 crore for the quarter ended June, helped by higher income. In the year-ago quarter, the company’s “net profit after tax from continuing operations & discontinued operations” was at Rs 543.93 crore.
Vedanta: The metal miner reported over four-fold jump in its consolidated profit after tax (PAT) to Rs 4,280 crore for the April-June quarter, boosted by higher income. During the year-ago quarter, the company’s “net profit after taxes before exceptional items” was at Rs 1,033 crore.
Bajaj Auto: The two-wheeler maker said it has reached an agreement its Austrian partner Pierer Industrie AG for simplifying their shareholding pattern in premium bike maker KTM through a two-step transfer of their stakes to a new holding company.
DLF: The realty major reported a consolidated net profit at Rs 337.17 crore in the first quarter of this fiscal year on higher revenue. The company had posted a net loss of Rs 71.52 crore in the year-ago period.
Jindal Stainless: The steel maker returned to black in the April-June quarter, posting a net profit of Rs 271.42 crore on the back of a significant rise in income. The stainless steel maker also announced a Rs 2,150 crore investment plan to double the capacity of its Jajpur unit to 2.10 MTPA.
GlaxoSmithKline Pharmaceuticals: The drug firm reported a 9.24 per cent rise in consolidated net profit to Rs 121.08 crore for the quarter ended June 30, 2021. The company had posted a net profit of Rs 110.83 crore for the corresponding period of the previous fiscal.
Mahindra & Mahindra Financial Services: The NBFC reported a consolidated net loss of Rs 1,573 crore for June quarter, 2021-22 mainly on account of higher provision for expected credit loss. It logged a net profit of Rs 432 crore in April-June 2020-21.
Alembic Pharmaceuticals: The drug firm reported a 45.42 percent decline in its consolidated net profit to Rs 164.52 crore for the quarter ended June 30, 2021. The company had posted a net profit of Rs 301.46 crore for the corresponding period of the previous fiscal.
Zensar Technologies: The IT consulting software firm posted a 38.9 per cent rise in net profit to Rs 101 crore for the June 2021 quarter. It had reported a net profit of Rs 72.7 crore in the year-ago period, Zensar Technologies said.
Equitas Small Finance Bank, Equitas Holdings: The board of directors and shareholders of Equitas Holdings (EHL) and Equitas Small Finance Bank (ESFB) approved the amalgamation scheme of the two companies.
Hudco: The government’s up to 8 per cent stake sale in HUDCO at a floor price of Rs 45 apiece would open for institutional investors on Tuesday. The sale of over 16.01 crore shares, or a total of 8 per cent stake, would fetch around Rs 720 crore to the exchequer.
