Coal India

State-owned Coal India Limited posted a 45.9% rise in consolidated net profit at Rs 6,692.94 for the quarter ended March 2022 on the back of higher revenue from operations. The company’s consolidated net profit was at Rs 4,586.78 crore in the year-ago period. The consolidated revenue from operations of CIL in the March quarter increased to 32,706.77 crores from Rs 26,700.14 crore in the same quarter of the previous financial year.

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CIL’s production for the March quarter increased to 209 million tonnes over 203.42 million tonnes in the year-ago period. The company board has recommended a dividend of Rs 3 per share for 2021-22, subject to the approval of the member of the ensuing annual general meeting. CIL accounts for more than 80% of the country’s total coal output.

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Results on May 26

Hindalco Industries, Motherson Sumi Systems, Muthoot Finance, Zee Entertainment Enterprises, Aarti Surfactants, Oberoi Realty, Aban Offshore, AllCargo Logistics, Ansal API, AstraZeneca Pharma, Berger Paints, Colgate Palmolive India, Cummins India, Good Year India, Gujarat State Fertilizers Corporation, India Glycols, Jet Airways, Kirloskar Industries, Chemcon Speciality Chemicals, NMDC, Page Industries, Prestige Estate Projects, Quess Corp, Shalimar Paints, and Sudarshan Chemicals will be in focus on May 26 ahead of their March quarter earnings.

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Bharat Petroleum (BPCL)

Bharat Petroleum Corporation Limited (BPCL) reported an 82% decline in net profit for the quarter ended March 2022 as the firm held fuel prices despite the rise in cost. The company’s net profit was Rs 2,131 crore in the March quarter as compared with Rs 11,940 crore in the year-ago period. Revenue from operations surged 25% to Rs 1.23 trillion on higher oil prices but losses on petrol, diesel and domestic LPG sales hurt the financials.

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InterGlobe Aviation (IndiGo)

InterGlobe Aviation, the parent company of IndiGo, reported that its consolidated loss widened to Rs 1,692 crore for the quarter ending March 31, 2022, as higher fuel costs more than offset a rebound in demand for air travel. It had reported a consolidated loss of Rs 1,147 crore in the year-ago period. Fuel prices in the fourth quarter of 2021-22 increased by 61% compared to the same period last year, the airline said. Consolidated revenue from operations jumped 29% to Rs 8,021 crore in the March quarter against Rs 6,223 crore in the same quarter of the previous financial year.

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Power Finance Corporation

The state-owned Power Finance Corporation (PFC) reported a 10% year on year rise in its consolidated net profit at Rs 4,296 crore for the quarter ended March 31, 2022. The consolidated revenue of the company saw modest growth of 4% year on year to Rs 18,853 crore. Lower finance cost and lower impairment on financial instruments, more than compensated for the higher loss on transaction exchange. The company has declared a final dividend of Rs 10.75 already paid during fiscal 2021-22.

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NHPC

NHPC, the hydro-electricity generating company reported a 6.8% year on year rise in its consolidated net profit to Rs 515 crore helped by a deferred tax credit of Rs 87.8 crore against a deferred tax expense of Rs 394 crore during the year-ago period. The consolidated revenue surged by 4% year on year to Rs 1,674 crore. The company board has recommended a final dividend of Rs 0.5 per equity share of Rs 10 each, in addition to the dividend of Rs 1.31 per equity share already paid for the financial year 2021-22.

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Apollo Hospitals

Apollo Hospitals Enterprises said its consolidated profit after tax declined by 46% to Rs 90 crore for the fourth quarter ended March 31, 2022. The healthcare provider had posted a PAT of Rs 168 crore in the March 2021 quarter. Revenue from operations rose to Rs 3,546 crore in the March quarter as compared with Rs 2,868 crore in the year-ago period. The company said its board approved the re-appointment of Prathap C Reddy as a whole-time director designated as an Executive Chairman for two years with effect from June 25, 2022, subject to the approval of shareholders.

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Torrent Pharma

Torrent Pharma declared a dividend of Rs 23 (460%) per share of Rs 5 each including a special dividend of Rs 15 per equity share. The Pharma major also announced a bonus issue of 1:1 i.e. one equity share for each fully paid-up equity share held. Consequent to the bonus issue, the total paid-up share capital will be Rs 169.22 crore from the existing Rs 84.62 crore.

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Bata India

Shoemaker Bata India reported over two-fold increase in its consolidated net profit at Rs 62.96 crore for the fourth quarter ended March 31, 2022. The company had reported a net profit of Rs 29.47 crore in the March quarter of fiscal 2021. Revenue from operations increased 12.77% to Rs 665.24 crore during the quarter as against Rs 589.90 crore in the year-ago period. The company board has recommended a dividend of Rs 54.5 per equity share (1,090%) of Rs 5 per fully paid-up share of the company, which includes a one-time special dividend of Rs 50.5, for the year ended March 31, 2022.

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Nahar Spinning Mills

Nahar Spinning Mills reported a 69% increase in its profit for the March 2022 quarter to Rs 107.2 crore as against a profit of Rs 63.4 crore in the year-ago quarter. The growth was supported by robust demand and better realisation for yarn during the quarter. The revenue for the reported quarter grew 37.2% to Rs 999.37 crore compared to Rs 728.4 crore in the same quarter of the previous financial year.

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Praj Industries

Praj Industries reported a 10.8% year on year rise in profit to Rs 57.65 crore for the quarter ended March 2022 as against a PAT of Rs 52.01 crore during the same period of the previous fiscal. The revenues for the quarter surged 46.2% year on year to Rs 829 crore. The company has declared a final dividend of Rs 4.2 per equity share of Rs 2 per share for fiscal 2021-22.

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MOIL

The state-owned manganese ore mining company, MOIL reported a 13% year-on-year jump in its net profit to Rs 131 crore as compared to a profit of Rs 116 crore in the year-ago period aided by lower inventory costs and lower other expenses. The revenues for the quarter rose by 4% to Rs 467.9 crore.