TCS

The IT services provider recorded a profit of Rs 9,926 crore for the quarter ended March 2022, a 7.4% growth over a year-ago period, while revenue during the March 2022 quarter increased by 15.8% year-on-year to Rs 50,591 crore. Revenue growth in constant currency terms was 14.3% YoY. The company recorded the highest ever order book TCV (total contract value) of $11.3 billion in Q4FY22 and the full-year order book stood at $34.6 billion.

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Quarterly Results on April 12

Anand Rathi Wealth, GM Breweries, Hathway Cable & Datacom, Tinplate Company of India, Evexia Lifecare, and Gayatri Bioorganics will release quarterly earnings on April 12.

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Kesoram Industries 

The company posted a loss of Rs 46.14 crore for the March 2022 quarter, which widened from a Rs 31.97 crore loss in the previous quarter. It had recorded a profit of Rs 96.41 crore in the year-ago period. An increase in power, fuel and finance costs impacted the bottom line to a major extent. Revenue increased by 20% to Rs 1,031.78 crore compared to the year-ago period and the sequential growth was 18%.

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Rama Steel Tubes 

The company is planning to raise funds by way of the issue of fresh Shares/Warrants on a preferential basis along with other matters, if any, as may be permitted under applicable laws, subject to such regulatory/statutory approvals as may be required, including the approval of the shareholders of the Company. The meeting of the board of directors of the Company is scheduled to be held on April 19, 2022, to consider the same.

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UltraTech Cement 

The cement major has been declared as a preferred bidder for the Diggaon limestone block. The company participated in the e-auction conducted by the Karnataka government. The block is adjacent to the company’s Rajashree unit and has total cement grade geological resources of 530 million tonnes of limestone over an area of 7.86 square km.

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Wipro 

The company has earned Intel’s EPIC Distinguished Supplier Award. Through its dedication to excellence, partnership, inclusion, and continuous quality improvement, Wipro has achieved a level of performance that consistently exceeds Intel’s expectations.

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JSW Steel 

JSW Utkal Steel, a subsidiary of JSW Steel, has received the environmental clearance for setting up a greenfield integrated steel plant (ISP) with a capacity of 13.2 million tonnes per annum (MTPA) crude steel, from the government. The capital expenditure for the said steel plant project is expected to be Rs 65,000 crore.

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Ruchi Soya Industries 

The company’s board has accorded its in-principle approval for evaluating the most efficient mode of enhancing synergies with the Patanjali Ayurved’s food portfolio in any manner on an arm’s length basis. The company has developed 57,000 hectares of area under oil palm and the plan is to expand significantly in the southern and northeastern regions of the country. The board has also decided to change the name of the company to Patanjali Foods or any other name as may be made available by the Registrar of Companies.

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Gufic Biosciences 

The company has received permission from the Central Drugs Standard Control Organisation (CDSCO), Ministry of Health and Family Welfare to manufacture Isavuconazonium Sulfate API and finished formulation Isavuconazole for injection of 200 mg/vial. Isavuconazole is indicated for the treatment of invasive aspergillosis and invasive mucormycosis.

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Hindustan Aeronautics Limited (HAL) 

The company has signed a contract with the Nigerian Army for imparting Phase-II flying training on Chetak Helicopter for six officers of Nigerian Army Aviation.

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Delta Corp 

The gaming and hospitality company has reported a lower profit at Rs 48.11 crore for the quarter ended March 2022, compared to a profit of Rs 57.77 crore in the year-ago period, while revenue for the quarter has seen a moderate growth at Rs 218.32 crore, up from Rs 211.34 crore YoY. The company also approved the amalgamation of Daman Entertainment and Daman Hospitality with itself.

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Hathway Bhawani Cabletel and Datacom Ltd

The sales for the March 2022 quarter moved down to Rs. 8.79 million as compared to Rs. 10.11 million during the year-ago period. The Company has registered a profit of Rs. 2.01 million for the quarter ended March 2022, a growth of 10.44%  over Rs. 1.82 million achieved in the corresponding quarter of last year. The company reported a degrowth in operating Profit to 2.74 million from 3.16 million.