2022-05-13 06:54:11
Stocks in News Today
Larsen & Toubro: The engineering and infrastructure major reported a 10 percent year-on-year growth in profit at Rs 3,621 crore in the quarter ended March 2022, with revenue rising 10 percent to Rs 52,851 crore and EBITDA climbing 2.1 percent to Rs 6,520.5 crore, compared to the year-ago period. Order inflow grew 46 percent on-year to Rs 73,941 crore in Q4FY22.
Tata Motors: The automaker posted a loss of Rs 1,032 crore in Q4FY22, which narrowed from a loss of Rs 7,605 crore a year back. Revenue during the quarter declined 11.5 percent to Rs 78,439 crore after subsidiary Jaguar Land Rover posted a 27.1 percent drop in revenues for Q4 to 4.8 billion pound amid semi-conductors shortage, and disruption in the European and China business.
JMC Projects (India): The company recorded a massive 41 percent year-on-year growth in consolidated profit at Rs 58.5 crore in the quarter ended March 2022, driven by higher other income, and low base in year-ago quarter due to exceptional loss.
Coforge: UTI Mutual Fund and PACs bought 27,378 equity shares in the company via open market transactions on May 11. With this, their shareholding in the company stands increased to 5.03 percent, up from 4.98 percent earlier.
Apollo Tyres: The tyre maker reported a 60.5 percent year-on-year decline in consolidated profit at Rs 113.5 crore in Q4FY22 dented by higher input cost and lower other income. Revenue grew by 11 percent to Rs 5,578.3 crore compared to year-ago period.
Gujarat State Petronet: The company recorded a 11 percent year-on-year growth in consolidated profit at Rs 639.50 crore in quarter ended March 2022 driven by higher operating income, with revenue rising 33 percent to Rs 5,094.2 crore compared to year-ago period.
Siemens: The company reported a 2.6 percent year-on-year growth in consolidated profit at Rs 340 crore in quarter ended March 2022 with EBITDA rising 6.1 percent to Rs 484.8 crore and revenue growing 13.5 percent to Rs 3,954.7 crore compared to year-ago period. Higher input cost, finance cost, and other expenses hit profitability.
Ujjivan Small Finance Bank: The bank reported a 7 percent year-on-year decline in profit at Rs 127 crore in quarter ended March 2022 dented by higher provisions. Net interest income grew by 48 percent to Rs 544 crore and pre-provision operating profit increased by 40 percent to Rs 217 crore compared to year-ago period.
Windlas Biotech: The company reported a 151 percent year-on-year growth in profit at Rs 14.8 crore in quarter ended March 2022, driven by operating income and topline. Revenue grew by 14.3 percent YoY to Rs 122.1 crore and EBITDA rose by 28.7 percent to Rs 14.3 crore compared to year-ago period.
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