2021-08-06 07:23:43
Morning Alert..
RBI will announce Monetary Policy today.
SEBI refund to Sahara Investors inches up to Rs 129Cr in 9 years.
Gold price today at 46970/10gm, silver trending at 67600/kg.
Corporate News
Maruti Suzuki – Cos July production 170719 units vs 107687 units YoY.
Greaves Cotton – Co to sell Pune land for 320Cr.
Panacea Biotec – Co entered licensing and manufacturing agreement with Human vaccine limited liability co on Aug 3.
Key Results today : 06/08/2021 : AU Small Fin Bank, Berger Paints, M&M, Muthoot Finance, NALCO, SAIL, Tata Power, ZEEL.
Key Results Highlights : 05/08/2021
Arvind (Good results)
Companys loss narrow down from 97.31Cr to 11.42Cr in Q1FY22
Company reported 140% YoY growth in revenue from 599.28Cr to 1439.43Cr.
Textile business grew 170%, while Advance Material Business grew 81%.
Within textile division White denim grew 2.8x, woven volumes grew 3.3x. garments volume grew 1.8x.
Cipla (Superb Results)
Company reported 24% YoY growth in PAT to 715Cr.
Revenue from operations grew 27% YoY to 5504Cr, higher than estimates.
Indian sales grew 68% YoY to 2710Cr, US sales was up 5%.
For Q1FY22 company spent 264Cr on R&D.
GAIL (Good Results)
Company reported 500% jump in PAT from 255.51Cr to 1529.92Cr.
Company`s turnover rose 44% to 17386.63Cr
Profit from gas transportation business was up 27%, Petrochemical business was 138.30Cr against loss of 154.43Cr.
Natural gas transmission and natural gas marketing volumes increased by 19% & 1*% respectively.
Company has capital expenditure plan of 6600Cr during current year.
Tata Chemicals (Superb Results)
Company registered superb multifold rise in PAT from 74.15Cr to 343.33Cr.
Income from operations was up 27% YoY from 2348Cr to 2977Cr.
This was mainly due to rebound in soda ash volumes in US and India.
Income from basic chemistry segment was up 30%, while specialty products were up 18%.
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