To view stock: smelly Futures contracts traded on the Singapore Exchange indicated a positive opening for domestic equities. The contract was trading at 18,148.50, up 24.5 points or 0.14% from its previous close.
Earnings Today: Aarti Industries, Apar Industries, Apollo Pipes, Avadh Sugar & Energy, Balkrishna Industries, Birlasoft, Canara Bank, Craftsman Automation, Exide Industries, Pidilite, UPL and VIP Industries are the top companies reporting Q4 FY2023 earnings Companies included. Monday, May 8th.
Aditya Birla Fashion, TCNS: Aditya Birla Fashion and Retail (ABFRL) has entered into a definitive agreement to acquire a controlling stake (51 per cent) in TCNS Clothing for Rs 1,650 crore.
Dr Reddy’s Labs: Dr Reddy’s Laboratories Ltd on Friday announced the launch of Regadenoson Injection, used as an agent in cardiac muscle imaging to check blood flow, in the US market.
PNC Infratech: The company has won an EPC project worth Rs 771.46 crore from Haryana Orbital Rail Corporation Limited.
Amara Raja Battery: The company has started work on the ‘Amara Raja Giga Corridor’, which aims to produce lithium cells and battery packs with final capacities of up to 16GWh and 5GWh, respectively.
Paytm: The company on Friday posted consolidated revenue of Rs 2,334 crore for the March quarter of FY23, up 51 per cent from Rs 1,540 crore posted in the March quarter of FY22. The company’s loss narrowed to Rs 168 crore from Rs 763 crore in the year-ago period.
Coal India: Coal India Ltd, the world’s largest coal miner, on Sunday reported a 17.7 per cent decline in its March quarter net profit at Rs 5,527.62 crore on higher provision made for wage revision of employees. Coal production rose 7 per cent to 224.16 million tonnes in the quarter ended March 31.
Bank of India: Public sector lender Bank of India’s (BoI) net profit more than doubled year-on-year (YoY) to Rs 1,350 crore for the quarter ended March 2023 (Q4FY23) on improvement in net interest income (NII). The board of directors declared a dividend of Rs 2.0 per share (Rs 10 each) for FY23, subject to the approval of the shareholders, the bank informed BSE.
Adani Power: The Adani Group company has reported nearly 13 per cent jump in consolidated net profit at Rs 5,242 crore for the March quarter 2022-23. Total income, however, declined to Rs 10,795 crore from Rs 13,307 crore in the year-ago quarter. Total expenditure rose to Rs 9,897 crore as against Rs 7,174 crore a year ago.
Britannia: Britannia Industries’ net income rose 47.1 per cent to Rs 558.7 crore in the January-March quarter of FY23 as its profit before interest, depreciation and tax (PBIDT) rose 42.7 per cent. This came on account of moderation in input costs, which helped operating margins. The Nusli Wadia Group firm’s revenue from operations in the quarter rose 13.3 per cent to Rs 4,023.2 crore amid significant distribution gains.
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