Quarterly Results on May 13:
State Bank of India, Eicher Motors, Tech Mahindra, Bank of Baroda, Bandhan Bank, Union Bank of India, Alkem Laboratories, Emami, Escorts, Hindustan Aeronautics, JK Paper, Linde India, Nazara Technologies, Amber Enterprises India, APL Apollo Tubes, Balkrishna Industries, Carborundum Universal, CESC, Coromandel Engineering Company, DB Corp, Elgi Equipments, Gujarat Fluorochemicals, REC, Reliance Infrastructure, Reliance Power, Sharda Cropchem, Sigachi Industries, Steel Strips Wheels, Triveni Turbine, UCO Bank, and Vakrangee will release quarterly earnings on May 13.
In the quarter ending March 2022, the engineering and infrastructure firm recorded a 10% increase in profit to Rs 3,621 crore, with sales up 10% to Rs 52,851 crore and EBITDA up 2.1 percent to Rs 6,520.5 crore, compared to the previous quarter. In Q4FY22, order inflow increased by 46% year on year to Rs 73,941 crore.
The manufacturer reported a loss of Rs 1,032 crore in Q4FY22, down from Rs 7,605 crore the previous quarter. During the quarter, sales fell 11.5 percent to Rs 78,439 crore, owing to a 27.1 percent reduction in Q4 revenues to 4.8 billion pounds due to a scarcity of semi-conductors and disruptions in the European and Chinese markets.
According to a news report, Reliance Industries Ltd (RIL) and BP Plc, who run over 1,400 petroleum retail outlets under the Jio-BP brand name, are working on a compensation scheme for dealers to avoid liquidation. Due to daily losses of 10-12 per litre on the sale of diesel, RIL practically decreased fuel supplies to its dealers in March. It has not fully restored gasoline supplies.
Bharti Airtel continues to grow its subscriber base in March, adding 2.2 million new subscribers. Reliance Jio ended a three-month losing trend in March by adding over 1.2 million new subscribers, bringing its total user base to 404 million, while Vodafone Idea lost over 2.8 million.
Punjab National Bank has announced that it will participate in PNB Housing Finance’s rights offering, which has resumed its capital raising strategy by issuing equity shares to current shareholders.
According to a media source, Zomato‘s 10-minute delivery strategy is being re-evaluated because the platform failed to reach the time objective for all orders during its test in Gurgaon.
Adani Green Energy:
Has authorised the sale of two crore equity shares to Green Energy Investment Holding RSC Ltd for Rs 3,850 crore. Green Energy Investment Holding will receive 2,00,18,198 equity shares with a face value of $10 each from Adani Green for a total of 38,49,99,99,303.50.
Future Retail Ltd. (FRL) has been given further time to respond to a Bank of India petition seeking to commence bankruptcy proceedings against the business for defaulting on loans by the Mumbai bench of NCLT.
Despite market “turbulence,” has began discussions with Qatar to prolong a multi-year gas deal, making new long-term contracts difficult as sanctions on Russian fuel have pressured an already oversupplied market. India’s largest gas importer has until the end of 2023 to extend its long-term LNG contract with Qatar Gas beyond 2028.
Ujjivan Small Finance Bank:
Profit fell 7% year on year to 127 crore in the quarter ended March, dragged down by increased provisions. Net interest income increased by 48% to 544 crore, while pre-provision operating profit increased by 40% to 217 crore.
JMC Projects (India):
The company’s consolidated profit increased by 41% year over year to Rs 58.5 crore in the quarter ending March 2022, owing to increasing other income and a low base in the previous quarter due to an extraordinary loss. In comparison to the previous year, revenue increased by 15.3 percent to Rs 1,605 crore. Azad Shaw has left as the company’s Chief Financial Officer to explore a career opportunity elsewhere.
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In the quarter ending March 2022, the firm recorded a profit increase of 184.4 percent YoY to Rs 160 crore, owing to lower bad loan charges. In comparison to the previous year, net interest income climbed by 12% to Rs Rs 519.6 crore, while pre-provision operating profit improved by 12% to Rs Rs 368.8 crore.
On May 11, UTI Mutual Fund and PACs purchased 27,378 equity shares in the firm through open market transactions. As a result, their stake in the firm has risen to 5.03 percent, up from 4.98 percent previously.
Tube Investments of India:
The company’s consolidated profit increased by 57.5 percent year over year to Rs 225 crore in the quarter ended March 2022, owing to greater operational income and topline. In comparison to the previous year, revenue increased by 25% to Rs 3,415 crore.
The business made a standalone profit of Rs 89.13 crore in the quarter ended March 2022, compared to a loss of Rs 625.9 crore the previous year, thanks to a write-back in bad loan provisions. During the same time, total revenue from operations declined 12% to Rs 383 crore, owing to reduced interest and fees & commissions income.
In Q4FY22, the tyre producer reported a 60.5 percent drop in consolidated profit to Rs 113.5 crore, owing to higher input costs and reduced other income. In comparison to the previous year, revenue increased by 11% to Rs 5,578.3 crore.
Gujarat State Petronet:
The company’s consolidated profit increased by 11% year over year to Rs 639.50 crore in the quarter ended March 2022, owing to improved operating income, while sales increased by 33% to Rs 5,094.2 crore.
In the quarter ended March 2022, the firm recorded a 2.6 percent year-on-year increase in consolidated profit of Rs 340 crore, with EBITDA up 6.1 percent to Rs 484.8 crore and sales up 13.5 percent to Rs 3,954.7 crore. Profitability is harmed by higher input costs, finance costs, and other expenses.
Lower operational income, increased finance costs, and an extraordinary loss contributed to the real estate company’s loss of Rs 11.63 crore in Q4FY22, compared to a profit of Rs 19.58 crore in the previous fiscal quarter. In comparison to the previous year, revenue increased by 19 percent to Rs 942.3 crore.
The board of directors of the firm authorised the buyback of shares worth up to Rs 75 crore at a price of Rs 1,150 per share, according to a BSE filing.
Ujjivan Small Finance Bank:
The bank’s earnings fell 7% year on year to Rs 127 crore in the quarter ended March 2022, owing to increased provisions. In comparison to the previous year, net interest income jumped by 48 percent to Rs 544 crore, while pre-provision operating profit improved by 40 percent to Rs 217 crore.
Operating income and topline drove a 151 percent year-on-year increase in profit to Rs 14.8 crore in the quarter ending March 2022. In comparison to the previous year, revenue increased 14.3% to Rs 122.1 crore, while EBITDA increased 28.7% to Rs 14.3 crore.