Titan, Cipla, Britannia:
Cipla, , Marico, , GAIL (India), TVS Motors Company, Tube Investment of India, Cummins India, , , and Escorts Kubota are among the companies that will announce their September 2022 quarter results today.
Hero MotoCorp: The country’s largest two-wheeler maker reported a 9 percent decline in consolidated profit to Rs 682 crore for the second quarter ended September 30, mainly due to improved costs and a slight decline in sales during the period. It had reported a net profit of Rs 748 crore for the July-September period of the previous fiscal.
HDFC: The major mortgage conglomerate reported an 18 percent growth in net income to Rs 4,454 crore in the September quarter, mainly driven by higher loan sales that reached an eight-year high of 36 percent.
Wipro: The IT company has roped in former Capgemini senior director Amit Choudhary as chief operating officer and member of the executive board. Based in New York, Choudhary will be responsible for improving organizational efficiency, helping to drive sustainable growth for Wipro.
Adani Enterprises: Gautam Adani’s flagship firm reported a double-digit increase in revenue for the September quarter after strong performance in its integrated equipment management and airport divisions. It posted a profit of Rs 460.94 crore in July-September compared to Rs 212.41 crore profit in the same period a year back.
Vodafone’s vision: The debt-ridden telecom operator reported a widening of consolidated losses to Rs 7,595.5 million in the second quarter ended September. The company posted a loss of Rs 7,132.3 crore in the same period last year.
SRF: The chemical company said its board has approved an investment of Rs 604 crore for setting up four new plants and capacity expansion of existing facilities. SRF said its board has approved investment in setting up four new plants and increasing the capacity of the existing plant to produce specialty chemicals at an estimated cost of Rs 604 crore.
Indian Hotels Company: The Tata Group’s hotel arm has signed a 55-room SeleQtions hotel in Munnar, Kerala. A brownfield project, this hotel is under management agreement with CRB Hotels & Resorts.
: The auto components player reported a 39.42 percent rise in consolidated profit after tax at Rs 201.22 crore for the second quarter ended September 30, driven by higher sales. The company posted a consolidated profit after tax of Rs 144.32 crore in the same period last fiscal.
Welspun Corp: The steel pipe player posted a loss of Rs 63.18 crore for the quarter ended September, mainly on account of cost escalation. The company reported a revenue of Rs 55.47 crore in the corresponding period of the previous fiscal.
Adani’s total gas: The city-based gas distribution company attributed a 12 percent drop in revenue for the September quarter as higher gas prices hurt margins. Revenue of Rs 139 in July-September compared to Rs 159 in revenue a year ago.
Raymond: The diversified group reported a two-fold increase in its consolidated profit to Rs 161.95 crore in the second quarter ended September 30 on improved growth across all business segments. The company had posted a profit of Rs 56.15 crore during the July-September quarter of the previous fiscal.
: The cement player reported a 29.21 percent decline in consolidated profit at Rs 61.79 crore for the September 2022-23 quarter due to rising fuel costs. The company posted a profit of Rs 87.29 crore last year.
: The quick-service restaurant operator reported a 22 percent rise in consolidated revenue at Rs 56.83 crore in the second quarter ended September. It had reported a revenue of Rs 46.59 crore last year.
The company, the largest franchisee of Yum Brands in India which includes Pizza Hut, KFC and Costa Coffee.
Blue Star: The air conditioning and refrigeration firm reported a 35.58 percent rise in consolidated profit at Rs 42.64 crore for the second quarter ended September 30 on higher sales. The company posted a consolidated profit of Rs 31.45 crore in the same period last fiscal.
Bank of India: The state-owned lender reported a nearly 10 percent drop in net income to Rs 960 crore in the September 2022 quarter on higher provisioning, which doubled to Rs 1,912 crore.
Ethos: India’s largest luxury watch chain posted a five-fold annual revenue growth of Rs 13.6 crore in the quarter ended September FY23, supported by strong demand and focused marketing initiatives.
Bank of India: The state-owned lender reported a 13 percent rise in net income to Rs 1,225 crore for the September 2022-23 quarter as provisions for bad loans declined. The bank posted a profit of Rs 1,089 crore last year.
Sanofi India: The pharmaceutical company reported a revenue of Rs 131 crore for the third quarter ended September 2022. The company posted a profit of Rs 530 crore in the July-September quarter last year.
: A shipbuilding company has bagged an order worth around Rs 1,000 crore for shipbuilding from a European customer. The project completion time is 35 months.
UCO Bank: The state-owned lender reported a two-fold jump in its net income of Rs 504.52 crore for the quarter ended September 2022 as a fall in bad loans led to a need for provisioning. The bank reported a profit of Rs 205.39 crore in the corresponding quarter last year.
Ajanta Pharma: The Chiza maker reported a 20 percent drop in consolidated net profit to Rs 156.6 crore in the second quarter ended September 30, hit by higher costs and lower sales in the US generics market. The company posted a consolidated profit of Rs 195.94 crore in the same period last fiscal.
: The realty player reported a consolidated loss of Rs 7.7 billion for the quarter ended September on higher expenses. Its revenue stood at Rs 6.5 crore last year.
: The heavy electronics player reported a net profit of Rs 8.73 crore for the quarter ended September. The company reported a loss of Rs 8.74 crore in the corresponding period of the previous fiscal.
: The firm’s creditors will meet on Friday to decide on a newly introduced ‘Challenge Mechanism’ clause in the resolution process. The ‘Challenge Mechanism’ gives lenders the power to challenge any resolution plan if they want to.
Filatex Fashions: The textile player intends to acquire 51 percent equity share capital in Isabella, Sri Lanka for a consideration of $7.55 million. Isabella is in the business of Manufacturing Products and Related Products in Srilanka.