LIC Housing, PVR, Tejas Networks, TVS Motor, Union Bank
NEW DELHI: Aditya Birla Fashion and Retail Ltd, Bandhan Bank, BHEL, Britannia, Dalmia Sugar, Dr Lal PathLab, Future Enterprises, among other actions, will release their first quarter results today. Here are the top 10 stocks that could make the news today.
Tours of the Indus: The telecommunications infrastructure company on Thursday released a consolidated after-tax profit of ₹1,415 crore for the first quarter ended June 30. Indus Towers had recorded an after-tax profit of ₹1,121 crore in the same quarter a year ago.
Jyothy Laboratories: The local FMCG company reported a 19.61% drop in its consolidated net profit at ₹40.20 crore for June 2021-22 quarter due to increased input cost. She had made a net profit of ₹50.01 crore in the April-June period of last fiscal year, Jyothy Labs said in a regulatory filing.
LIC housing finance: The company’s June quarter results showed that the impact of the second wave of covid on asset quality was greater than that of the first wave last year. The lender doubled its stock of bad debt provisions in order to ₹4,727 crores over one year.
RVP: Leading multiplex chain operator PVR Ltd reported a consolidated net loss of ₹219.55 crore for the first quarter ended June 2021, due to a blow to its film exploitation business amid Covid-induced lockdowns. The company had recorded a net loss of ₹225.73 crore in the April-June quarter a year ago, PVR said in a BSE filing.
Sterling and Wilson: The company plans to expand into hybrid energy power plant engineering, procurement and construction projects, energy storage solutions and biomass / waste to energy in addition to offering pure solar EPC, she said in a regulatory filing.
Tech Mahindra: The IT company recorded growth of 42.91% in the June quarter of its consolidated net profit to ₹1,365.7 crore on higher incomes and expanding profit margins. The profit for the previous financial year amounted to ₹955.6 crores. The company’s total revenue in the quarter improved 7% month-on-month to ₹10,485 crores.
Tejas networks: Tata Son Pvt. Ltd has agreed to purchase a 43.35% stake in telecommunications equipment maker Tejas Networks Ltd for ₹1,884 crore, as India’s largest conglomerate tries to set up a network equipment company to capitalize on massive carrier spending to build 5G networks and hold back Chinese suppliers.
TV engine: The Indian two-wheeler manufacturer alone made a net profit of ₹53 crore in the quarter ended June 30, as sales recovered from the impact of covid-19. The company had reported a loss of ₹139 crore in the corresponding quarter of the previous fiscal year.
Union Bank of India: The public lender has restructured retail loans of ₹So far 6,557 crore or 5.2% of its retail loan portfolio under the two tranches of the Reserve Bank of India (RBI) Covid-19 relief window, its chief executive Rajkiran said on Thursday. Rai G. The bank’s personal loan portfolio amounted to ₹1.25 trillion as of June 30.
Welspun Corp. : The company recorded an increase of more than 80% in its consolidated net profit at ₹97.28 crore for the first quarter ended June 30. The company had recorded a net profit of ₹53.92 crore in the period of one year ago. However, its total income during the quarter under review fell to ₹1,336.49 crores from ₹One year ago, 2,085.42 crore, said Welspun Corp. Ltd in a case relating to BSE.
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