Wipro, Havells, IndusInd Bank: Wipro, Havells (India), IndusInd Bank, Gland Pharma, , , , (India), Mastek, Ceat, Hathway Cable & Datacom and are among the companies that will announce their earnings for the quarter ended June 2022.
Telecom Stocks: India’s largest telecom operator Reliance Jio cemented its lead in the market as it gained over 31 lakh mobile subscribers in May, according to the Trai data. Bharti Airtel added 10.27 lakh subscribers in May and Reliance Jio gained 31.11 lakh wireless subscribers. Debt-ridden Vodafone Idea lost 7.59 lakh wireless subscribers.
Hindustan Unilever: The FMCG major reported a 13.85 per cent rise in its consolidated net profit to Rs 2,391 crore for the first quarter ended June 30, mainly driven by higher product prices. The company had posted a net profit of Rs 2,100 crore in the April-June quarter of the previous fiscal.
Grasim Industries: The Aditya Birla Group firm announced its entry into B2B e-commerce platform for building material segment with an investment of Rs 2,000 crore over the next five years, which will primarily focus on MSMEs with the potential to further extend to other relevant categories.
HDFC Life: The private life insurer reported 21 per cent rise in net profit at Rs 365 crore for June quarter 2022-23 buoyed by topline growth along with higher renewal ratio. Total premium rose 23 per cent to Rs 9,396 crore during the quarter from Rs 7,656 crore a year ago, adding the first-year premium income rose 27 per cent to Rs 4,776 crore.
Vedanta: The mining giant said that its board has approved the second interim dividend of Rs 19.50 per equity share for the current financial year. The total payout would amount to Rs 7,250 crore. The record date for the purpose of payment of dividend is July 27. The interim dividend will be paid within stipulated timelines as prescribed under law.
Ambuja Cements: The cement player reported a 25.46 per cent fall in consolidated net profit at Rs 865.44 crore for the June 2022 quarter due to rising fuel prices and related inflationary impacts. The company had clocked a net profit of Rs 1,161.16 crore in the year-ago quarter.
Canara Bank: The state owned lender said it has raised Rs 2,000 crore by issuing Basel III compliant additional tier I bonds this month. The bank came out with the issuance of Rs 2,000 crore of additional tier-I bonds on July 15, 2022.
L&T Finance Holdings: The financial player reported a 47 per cent rise in net profit at Rs 261 crore for the quarter ended June 2022 on the back of its highest-ever quarterly retail disbursements. The non-banking financial company had posted a net profit of Rs 177 crore in the quarter ended June 2021.
Sterlite Technologies: The telecom services technology provider said it has bagged a Rs 250-crore deal from a telecom operator for building optical network. With this, STL will address the telecom operator’s requirement for setting up a high-performance, modern communication network.
ICICI Lombard General Insurance Company: The leading private insurance firm reported a jump of about 80 per cent in its net profit at Rs 349 crore in quarter ended June 2022. The company had posted a net profit of Rs 194 crore in the corresponding quarter a year ago.
Network18 Media & Investments: The media and broadcasting firm reported a 67.52 per cent decline in consolidated net profit at Rs 39.46 crore for the quarter ended June 30, 2022. The company had posted a net profit of Rs 121.51 crore during the April-June period a year ago.
Rallis India: The subsidiary of Tata Chemicals reported a decline of 18.13 per cent in net profit at Rs 67.47 crore for the June quarter. The company’s net profit stood at Rs 82.42 crore during the corresponding quarter of the previous financial year.
Mangalore Chemicals and Fertilizers: The subsidiary of
has shut its phosphatic fertilizer plant. The company said it has shut down phosphatic fertilizer plant due to non-availability of raw material Phosphoric Acid.
TV18 Broadcast: The media firm reported a 63.05 per cent decline in its consolidated net profit to Rs 60.02 crore for the first quarter ended on June 30, 2022. The company had posted a net profit of Rs 162.44 crore for the April-June period of the previous fiscal.
Patanjali Foods: The baba Ramdev led FMCG player will soon cut prices of soyabean oil, sunflower oil and palm oil by Rs 10-15 per litre to pass on the benefits of fall in global prices. Earlier this month, the food ministry had directed edible oil companies to reduce prices of edible oil in line with the fall in global rates.
Krsnaa Diagnostics: The healthcare service provider has received order from Rajasthan Medical Education Society (Directorate of Medical Education), for supply, installation, operation and maintenance of CT Scan Center at Raj – MES Medical College at Churu, Rajasthan on public private partnership (PPP) basis.
Ansal Housing: The mortgage lender HDFC said it has sold a portion of the shares of real estate firm which it had acquired by way of invocation after the housing construction company failed to pay its loan dues. Details about HDFC’s loan exposure to Ansal were not provided.
Manali Petrochemicals: The manufacturer of polyols and part of the AM International Group, Singapore has signed a commercial agreement with United Kingdom-based Econic Technologies to manufacture eco-friendly polyols. The agreement further strengthens the MPL-Econic partnership and the tie-up would offer significant upside.