Spandana Sphoorty, 5Paisa Capital: Financial, Mishtann Foods, 5Paisa Capital, , and & Entertainment are among the companies that will announce their quarterly earnings for the quarter ended June 2022.
Tata Consultancy Services: The country’s largest software exporter reported a 5.2 per cent rise in the June quarter net profit to Rs 9,478 crore, restricted by the impact of annual wage hikes and promotions that took operating profit margins to multi-quarter lows.
Dr Reddy’s Laboratories: The drug maker said it has launched its generic version of fesoterodine fumarate extended-release tablets used for treating overactive bladder in the US market. The launch follows the approval granted by the US Food and Drug Administration (USFDA).
Power Grid Corporation of India: The state-owned power major has bagged an inter-state transmission project for evacuation of electricity from Neemuch SEZ in Madhya Pradesh. PGCIL has won the project through a tariff-based competitive bidding process.
Fortis Healthcare: The healthcare facilities firm aims to add around 1,500 beds over the next five years to enhance its presence in existing locations, according to its Annual Report for 2021-22. The healthcare major currently has over 4,300 operational beds.
Avenue Supermarts: The operator of D-Mart reported over six-fold jump in its consolidated net profit to Rs 642.89 crore for the quarter ended on June 30, 2022, helped by a “very good recovery” in overall sales and a comparative low YoY base. The company had posted a net profit of Rs 95.36 crore in the April-June quarter a year ago.
Tata Motors: The homegrown auto major said it has increased prices of its passenger vehicle range with immediate effect to partially offset the impact of rising input costs. A weighted average increase in price of 0.55 per cent will come into effect starting Saturday across the range, depending upon the variant and model.
Bandhan Bank: The leading lender’s advances grew by 20 per cent from a year ago to Rs 96,649 crore as of June 30, the bank said. Total deposits of the private sector lender also grew by 20 per cent to Rs 93,057 crore by the end of Q1 FY23.
Aurobindo Pharma: The drug maker remains focused on developing complex and differentiated products in multiple areas comprising oncology, hormonal products, biosimilars, depot injections and vaccines to drive the next phase of growth, as per its Annual Report for 2021-22.
Punjab National Bank: The state run lender will select an actuarial firm for calculating the embedded value of insurance joint venture CHOICE, in which the state-owned bank has to divest its stake as per regulatory requirement. The New Delhi-based lender will open financial bids on July 11, 2022 to select the actuarial firm.
IIFL Wealth Management: The wealth management firm paid a settlement amount of over Rs 3 crore to markets regulator Sebi to settle a case pertaining to violations of regulatory norms. The company was alleged to have violated stock brokers’ regulation as well as PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) regulations.
Zydus Lifesciences: The pharma and drug maker said it has launched the generic version of sitagliptin in India under the brand names Sitaglyn and Siglyn to address type 2 diabetes. Sitaglyn and Siglyn offer an oral solution to the patients providing ease of convenience and better compliance.
Indian Overseas Bank: The state-owned lender has increased the marginal cost of funds based lending rate across tenors by 0.10 per cent. The new rates, which will come to effect from July 10, will range in 6.95-7.55 per cent.
MMTC: The state-owned mining and metals firm reported a consolidated net profit of Rs 118.38 crore for the fourth quarter ended March against a loss of Rs 597.17 crore in the year-ago period. During the January-March quarter, its total income stood at Rs 2,260.81 crore compared to Rs 9,314.17 crore.
REC: The state-owned run financial firm has sought shareholders’ approval for the issuance of 65.83 crore bonus shares. These bonus shares would be issued by utilising capital reserves of Rs 658.30 crore through postal ballot. The company has proposed to issue one new (bonus) share for holding three existing shares to shareholders.
Monte Carlo Fashions: The apparel brand reported over two-fold revenue growth of 130 per cent in the April-June quarter this fiscal, helped by volume growth and price increase.