Maruti Suzuki, Pidilite, SRF: Maruti Suzuki, , SRF, Cipla, United Spirits, Macrotech Developers, Torrent Pharma, APL , Federal Bank, Brightcom Group, Aditya Birla Sun Life AMC, Finolex Industries, Can Fin Homes, Symphony and Indiabulls Real Estate are among the companies that will announce their December quarter results today.
Axis Bank: The private lender consolidated net profit for the December quarter zoomed nearly three-folds to Rs 3,973 crore, as the money set aside for any reverses on loans reduced to nearly a third of the year-ago period. The third largest private sector lender reported a profit after tax of Rs 3,614.24 crore.
Hero MotoCorp: The country’s largest two-wheeler maker said its board has approved to invest up to Rs 700 crore in Hero FinCorp. The investment is subject to execution of definitive documents and completion of certain conditions customary to a transaction of this nature.
Vodafone Idea: The Loss-making telecom operator may raise mobile services rates this year as well but it will depend on the market reaction to the increase in tariff that the company made in November, a top official of the company said.
Finance Company: The non-bank financing company reported a 6.47 per cent decline in standalone profit after tax at Rs 680.62 crore in the quarter ended December 2021 even as its net interest income increased by 11.16 per cent. The company had reported a profit after tax of Rs 727.72 crore in the same period of the previous year.
SBI Cards and Payment Services: The pure-play credit card issuer reported 84 per cent jump in net profit at Rs 386 crore for December quarter 2021-22 on the back of healthy card spends, fall in bad loans and higher income from other sources. It had posted a net profit of Rs 210 crore in the year- ago same quarter.
Apollo Hospitals: The healthcare services player said it has tied up with US-based Cleveland Clinic to offer international second opinion services to patients.
Indian Energy Exchange: The utility exchange posted nearly 39 per cent rise in consolidated net profit to Rs 80.73 crore in the December quarter mainly on the back of higher revenues. The company had posted a net profit of Rs 58.14 crore in the quarter ended December 31, 2020.
Indiamart Intermesh: The B2B e-commerce firm posted a 12.4 per cent decline in consolidated net profit to Rs 70.2 crore in the December 2021 quarter. The company had registered a net profit of Rs 80.2 crore in the corresponding period of the last fiscal.
Zensar Technologies: The IT consulting player said its net profit declined 7.8 per cent to Rs 91 crore for the December 2021 quarter. It had posted a net profit of Rs 98.7 crore in the year-ago period.
Deepak Nitrite: The chemicals firm reported nearly 12 per cent increase in net profit for the quarter ending December 31, 2021, compared to the same period of the previous financial year. The company posted a net profit of Rs 242.46 crore for the quarter against Rs 216.56 crore in the year-ago quarter.
Burger King India: The quick service restaurant chain reported narrowing of net loss to Rs 15.15 crore for the third quarter ended December 31, 2021. The company had posted a net loss of Rs 29.02 crore during October-December period of the previous fiscal year.
Ramco Cements: The cement player has posted a 59 per cent drop in its standalone net profit for the third quarter ended December to Rs 83 crore on account of weak demand. The sales from products rose 16% to Rs 1,541 crore.
Quick Heal Technologies: The security software provider said its consolidated net profit grew 6.1 per cent to Rs 14.3 crore in December quarter 2021. The company had posted a net profit of Rs 13.5 crore in the year-ago period.
Cera Sanitaryware: The hardware and fitting maker reported 45.86 per cent rise in consolidated net profit at Rs 44.75 crore for the third quarter ended December 31, 2021. The company had logged a net profit of Rs 30.68 crore in the year-ago period.
Craftsman Automation: The company reported lower profit at Rs 37.6 crore in the December 2021 quarter against Rs 43.4 crore in the same quarter previous fiscal. Its revenue increased to Rs 554.1 crore from Rs 489 crore during the period under review.
Supreme Industries: The plastic products maker reported a 21.31 per cent decline in consolidated profit to Rs 245.72 crore for the quarter ended in December 2021. The company had posted a net profit of Rs 312.28 crore during the October-December quarter of the previous fiscal.
Rane Madras: The Chennai-based manufacturer of steering and suspension products and light metal casting components, reported on Monday a 64.1 per cent dip in standalone net profit at Rs 7.7 crore in the December quarter over the year-ago period. The company had posted a standalone net profit of Rs 21.5 crore in Q3 FY21.
Oriental Hotels: The hotels player reported a consolidated net profit of Rs 7.4 crore in the third quarter ended December 31, 2021. The company had posted a consolidated net loss of Rs 7.62 crore in the same period last fiscal.
Future Retail: The operator chains such as big bazaar and Easyday and Heritage among others, said it has missed payment of interest due on the dollar denominated notes, listed on Singapore Stock Exchange, due to weakening of its liquidity position.
Meghmani Finechem: The speciality chemical player posted a nearly three-fold jump in standalone net profit to Rs 69.68 crore during the third quarter of the current fiscal on the back of strong revenue. The company had posted a net profit of Rs 24.50 crore in the same quarter previous fiscal.
Source: The Economic Times
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