Profit Booker

2022-05-25 06:59:12 Results on May 25

BPCL, Coal India, Deepak Fertilisers, Apollo Hospitals Enterprises, HEG, NHPC, Easy Trip Planners, Fortis Healthcare, NALCO, GMM Pfaudler, InterGlobe Aviation, Jai Corp, Kolte Patil Developers, Bata India, PFC, Suzlon Energy, Torrent Pharma, Whirlpool, MSTC, MOIL and Peninsula Land will be in focus ahead of their March quarter earnings on May 25. Open / Comment

2022-05-24 06:59:43 Stocks in News Today

Maruti Suzuki India: The largest carmaker in India will acquire an equity stake of 12.09 per cent in Sociograph Solutions Pvt Ltd (SSPL) for about Rs 2 crore. SSPL is an artificial intelligence (AI) software company, specialised in visual AI platforms.

Marico: The FMCG major said it has acquired a majority 54 per cent stake in the digital-first healthy breakfast and snacks brand True Elements for an undisclosed amount.

Zomato: The online food delivery platform reported widening of its consolidated net loss at Rs 359.7 crore in the fourth quarter ended March 2022, impacted by higher expenses.

Bharat Electronics: The defence sector play repored a 16 per cent drop in the net profit for March quarter to Rs 1140 crore. Revenue for the quarter fell 9 per cent from a year ago to Rs 6,320 crore.

Rupa & Company: The innerwear manufacturer has accepted the resignation of Dinesh Kumar Lodha as the Chief Executive Officer and Ramesh Agarwal as the Chief Financial Officer of the company, with effect from May 31.

The Indian Hotels Company: The hotel chain is eyeing to build a portfolio of 300 hotels and strengthen and scale up new businesses, including Qmin, 7Rivers, ama Stays & Trails, under its Ahvaan 2025.

Best Agrolife: The agrochemical firm reported a nearly three-fold jump in its net profit at Rs 104.76 crore in FY 2022. Its net profit stood at Rs 37.08 crore in the 2020-21 financial year.

Sintex Industries: The textiles maker reported narrowing of consolidated net loss to Rs 119.30 crore for fourth quarter ended March 2022. Open / Comment

2022-05-24 06:59:30 Results on May 24

Grasim Industries, Adani Ports, JM Financial, Clariant Chemicals, Ugro Capital, Bank of India, eClerx Services, Ipca Laboratories, Latent View Analytics, Jyothi Labs, Metropolis Healthcare, Minda Industries, MTAR Technologies, NIIT, National Fertilizers, RailTel Corporation of India, Shree Renuka Sugars, RITES, Strides Pharma Science, and Zee Media will be in focus ahead of March quarter earnings on May 24. Open / Comment

2022-05-23 07:14:51 Stocks in News Today

Infosys: The board of IT services major has approved the reappointment of Salil Parekh as Chief Executive Officer (CEO) and Managing Director of the company for five more years, till March 31, 2027, according to a regulatory filing.

Sun Pharma: The drug major is recalling around 10,500 bottles of a generic drug meant for the treatment of major depressive disorders in the US market following a customer complaint.

NTPC: The state-owned power giant posted a nearly 12 per cent jump in consolidated net profit to Rs 5,199.51 crore in the March quarter, mainly on the back of higher revenues.

Power Grid Corporation of India: The state-owned utility player posted about 18 per cent rise in its consolidated net profit at Rs 4,156.44 crore for the March 2022 quarter, backed by higher income.

BHEL: The state-owned engineering firm returned to black posting Rs 912.47 crore consolidated net profit in the March quarter, backed by higher income. In the year-ago quarter, the company had reported a consolidated net loss of Rs 1,036.32 crore.

Indiabulls Housing Finance: The mortgage financier reported an 11.23 per cent rise in profit after tax (PAT) to Rs 307 crore for the fourth quarter ended March 2022 on lower credit cost and higher profit from its co-lending business.

One97 Communications: The digital financial services firm One97 Communications, which operates under the Paytm brand, on Friday reported widening of its consolidated loss to Rs 761.4 crore for the quarter ended March 2022 on account of rise in payment processing charges and employees benefit expenses.

Sobha: The realty firm reported 40 per cent growth in its net profit for the March quarter to Rs 25 crore against Rs 18 crore a year ago. Revenue grew 30 per cent to Rs 766.80 from Rs 588.90 crore last year.

Eveready Industries: The promoter status for the Burman family in Eveready Industries, in which it is vying to acquire an additional 26 per cent stake through a Rs 607-crore open offer, hinges on the nod by market regulator SEBI, which is yet to give its approval to the proposal.

JK Cement: The cement player plans to raise up to Rs 500 crore via non-convertible debentures (NCDs) on a private placement basis in one or more tranches.

Amara Raja Batteries: The battery maker reported a decline of 47.80 per cent in consolidated net profit at Rs 98.85 crore in the fourth quarter ended March 2022.

Orient Green Power Company: The renewable energy firm's consolidated net loss narrowed to Rs 32.35 crore in the March quarter, mainly on the back of higher revenues.

Arvind SmartSpaces: The realty firm reported a two-fold jump in net profit at Rs 14 crore for the quarter ended March. Its profit stood at Rs 6.6 crore in the year-ago period. Open / Comment

2022-05-23 07:14:44 Results on May 23

Zomato, Divis Laboratories, Bharat Electronics, Birlasoft, TRF, SAIL, Nelcast, Pricol, The Ramco Cement, TTK Healthcare, Patel Engineering, Igarashi Motors, Graphite India, Data Patterns (India), Shilpa Medicare, and Vaibhav Global will be in focus ahead of March quarter earnings on May 23. Open / Comment

2022-05-20 06:44:43 One Line News

Ashok Leyland net profit surges 274% YoY in March quarter.

Gland Pharma reports 10% rise in net profit for March quarter.

HAL gets type certification for light transport civil aircraft.

Godrej Consumer reports 1% fall in net profit for March quarter.

PN Vasudevan resigns as MD and CEO of Equitas Small Finance Bank.

HPCL profit fell 34% YoY in March quarter.

Zydus Lifesciences will be in focus ahead of board meeting tomorrow.

Biocon Biologics and Viatris Launch Abevmy their third oncology biosimilar in Canada.

Eros board approves raising funds. Open / Comment

2022-05-20 06:44:33 Stocks in News Today

Wipro: The IT major has launched its new innovation studio at Austin in Texas, US, the company said. Wipro said that the new centre, spread over 40,000 square feet, will create hundreds of jobs locally.

Hindustan Petroleum Corporation: The oil marketing firm reported a 40 per cent drop in net profit in the quarter ended March 31 as higher refining margins were wiped away by losses on auto fuel sales. Net profit of Rs 1,795.26 crore in January-March compared with Rs 3,017.96 crore a year back.

Ashok Leyland: The Hinduja group's flagship company reported a 58.14 per cent decline in consolidated net profit at Rs 157.85 crore in the fourth quarter ended March 2022, pulled down by higher expenses.

Godrej Consumer Products: The homegrown FMCG major reported a marginal decline in consolidated profit after tax at Rs 363.24 crore for the fourth quarter ended March.

V-Guard Industries: The leading consumer electronics manufacturer reported a 31 per cent jump in consolidated net profit for the March quarter at Rs 89.6 crore, boosted by strong growth in the consumer durables and electrical segments.

Gland Pharma: The drug maker reported a 10 per cent rise in the net profit to Rs 285.90 crore in the quarter ended March 2022 as against Rs 260.41 crore during the same quarter previous fiscal. Net sales rose 24.25 per cent to Rs 1,103.01 crore.

Container Corporation of India: The state-owned multi-modal logistics company reported a jump in consolidated net profit at Rs 252.51 crore for the fourth quarter ended March. The company had clocked a net profit of Rs 18.51 crore in the year-ago period.

Go Fashions: According to bulk deal data available with BSE, ICICI Venture through its fourth private equity fund -- India Advantage Fund S4 I sold 18,11,478 shares at an average price of Rs 1,050 apiece, taking the transaction size to Rs 190.21 crore.

Equitas Small Finance Bank: The Founder and CEO of the private lender PN Vasudevan has asked the lender to look for his successor as he wants to hang up his boots to pursue "a distinct set of goals". Open / Comment

2022-05-20 06:44:26 Results on May 20

NTPC, One 97 Communications (PayTM), Amara Raja Batteries, Gati, HeidelbergCement India, Indiabulls Housing Finance, IDFC, Indigo Paints, Indian Railway Finance Corporation, JK Tyre and Industries, CE Info Systems, Metro Brands, Narayana Hrudayalaya, Nuvoco Vistas Corporation, Paras Defence and Space Technologies, Pfizer, SML Isuzu, Sobha, Thermax, and Zydus Lifesciences will report their March quarter earnings on May 20. Open / Comment

2022-05-19 08:15:46 IPO

Paradeep Phosphates: Day 3

Paradeep Phosphates IPO was subscribed 0.51 times on day 2. Retail investors subscribed 0.95 times.

Ethos: Day 2

• Ethos IPO was subscribed 0.27 times on day 1. Retail investors subscribed 0.53 times. Open / Comment

2022-05-19 06:40:59 Stocks in News Today

ITC: The FMCG major reported an 11.60 per cent rise in its consolidated net profit to Rs 4,259.68 crore for the fourth quarter ended in March 2022 driven by all-round growth across verticals.

Indraprastha Gas: The largest CNG distribution company in the country reported a 9 per cent increase in its net profit in the quarter ended March 2022, on rise in gas sales volume.

Manappuram Finance: The leading NBFC reported over 44 per cent decline in net profit at Rs 261 crore in the quarter ended March 2022.

IRB Infrastructure Developers: The road maker said its wholly-owned subsidiary Chittoor Thachur Highway has achieved financial closure for a hybrid annuity project in Tamil Nadu.

LIC Housing Finance: The Mortgage financier reported a nearly threefold jump in its profit after tax to Rs 1,118.64 crore on lower provisions and improvement in collection efficiencies. It had reported a net profit of Rs 398.92 crore in the same quarter of FY21.

IDBI Bank: The private lender said it has divested its entire stake of over 19 per cent in ARCIL to Avenue India Resurgence Pte. The lender, however, did not disclose the deal value.

Aditya Birla Fashion and Retail: The retail chain reported a consolidated net profit of Rs 31.90 crore for the fourth quarter ended in March 2022, led by a revival in demand across categories.

Indian Overseas Bank: The public sector lender reported a 58 per cent jump in its net profit at Rs 552 crore in the quarter ended March 2022, aided by lower provisioning for bad loans and better recoveries.

NDTV: The News broadcaster reported a 7 per cent increase in consolidated profit after tax at Rs 25.83 crore in the fourth quarter ended March 2022. Open / Comment