Tata Steel, Adani Green Energy: Adani Green Energy,
, SRF, , Gillette India, Deepak Nitrite, Oracle Financial, Blue Dart Express, JM Financial, , Craftsman Automation, Angel Broking and Shalby are among companies that will announce their March quarter results today.
RBL Bank: Small-sized private lender RBL Bank reported a 34 per cent decline in its March quarter profit to Rs 75 crore compared to Rs 114 crore in the year-ago period due to provisioning for possible loan losses that it sees in the retail unsecured segments.
Maruti Suzuki: The country’s largest carmaker
(MSI) expects some impact on its production if lockdowns and curfews imposed across various states continue amid the second wave of COVID-19 sweeping across the country.
Adani Ports and Special Economic Zone (APSEZ): Billionaire Gautam Adani’s port-to-energy conglomerate said US-based counsels are of opinion that its investment in a port in Myanmar are not in violation of law, but the firm will abandon the project if the US administration opines that the investment was in violation of sanctions against Military-ruled nation.
L&T Infotech: The IT company reported a 27.6 per cent rise in consolidated net profit to Rs 545.7 crore for the quarter ended March 2021. This was against a net profit of Rs 427.5 crore in the same period a year ago.
Steel stocks: Domestic steel makers have hiked the prices of Hot Rolled Coil (HRC) and Cold Rolled Coil (CRC) by Rs 4,000 and Rs 4,500 per tonne, respectively, industry sources said. The price revisions have been made in the last three days, the sources added.
RIL, Vodafone Idea, Airtel: The Department of Telecom approved applications of telecom companies — Reliance Jio,
, Vodafone Idea and MTNL — for conducting 5G trials but none of them will be using technologies of Chinese entities.
Shriram Transport Finance: Non-banking finance company is looking at a 10-12 per cent growth in its asset under management (AUM) during fiscal 2021-22, its managing director and CEO Umesh Revankar said. The asset financing NBFC registered a 6.83 per cent growth in its AUM to Rs 117,242.83 crore as of March 31, 2021, compared to Rs 109,749.24 crore as of March 2020.
Bank, NBFC stocks: A second Covid wave many times worse the first has prompted banks, non-banking financial companies (NBFCs) and small-finance banks to ask RBI that flexible restructuring up to two years across all categories of borrowers be allowed. Three people aware of the development said financial institutions have asked RBI to classify the second wave as a national natural calamity.
Infosys, Mphasis, Wipro: IT firms Infosys and Mphasis said they will create employment for about 2,000 people, while Wipro will invest GBP 16 million in the UK over the next few years.
Adani Total Gas: The city gas joint venture of Adani Group and French energy giant Total, reported a 19 per cent rise in its March quarter net profit as the firm expanded operations in newer geographies, resulting in higher sales volumes.
DCM Shriram: The Chemical manufacturing firm posted a 15.42 per cent increase in consolidated net profit at Rs 232 crore for the fourth quarter of the 2020-21 fiscal on strong sales. The company’s net profit stood at Rs 201.27 crore in the same period of the previous fiscal.
Satin Creditcare Network: The Microfinance institution said it has received a senior loan facility of $5 million from Oesterreichische Entwicklungsbank – OeEB, Austria, through an external commercial borrowing route.
Alembic Pharmaceuticals: The drug firm reported an 11.60 percent rise in consolidated net profit to Rs 250.70 crore for the quarter ended March 2021, mainly on account of robust sales. The company had posted a net profit of Rs 224.63 crore for the corresponding period of the previous fiscal.