The non-banking finance company clocked an 80 % year-on-year growth in profit at Rs 2,420 crore in Q4FY22 led by strong NII and a decline in provisions. Net interest income during the quarter grew by 30 % to Rs 6,068 crore with assets under management (AUM) rising 29 % to Rs 1,97,452 crore as of March 2022. Loan losses and provisions for Q4 FY22 at Rs 702 crore declined sharply compared to Rs 1,231 crore in the year-ago period.
Quarterly Results on April 27
Hindustan Unilever, Bajaj Auto, HDFC Asset Management Company, Hatsun Agro Product, Indian Energy Exchange, 5paisa Capital, Indian Hotels Company, Persistent Systems, Syngene International, Trent, Mahindra Lifespace Developers, Chennai Petroleum Corporation, KPR Mill, MPL Plastics, Shree Digvijay Cement, Supreme Petrochem, and Swaraj Engines will release quarterly earnings on April 27.
The company recorded a massive 48.4 % year-on-year growth in profit at Rs 207 crore for the quarter ended March 2022, driven by topline as well as operating performance. Revenue from operations rose 19 % YoY to Rs 1,567.5 crore during the quarter and EBITDA grew by 45 % in the same period.
Tata Consultancy Services (TCS)
The company has been positioned as a leader in the IDC MarketScape for Worldwide Life Science Sales and Marketing IT Outsourcing Services.
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API manufacturer Lasa Supergenerics has bagged a new order of Rs 50 crore from five customers. The order will help the company boost its production and contribute to the topline.
AU Small Finance Bank
The bank in a BSE filing said profit in Q4FY22 rose by 105% year-on-year to Rs 346 crore on a fall in provisions and higher NII. Net interest income grew by 43 % YoY to Rs 936.6 crore in the quarter ended March 2022 with net interest margin expanding 60 bps YoY to 6.3 %. The bank declared a bonus issue of one equity share for every one equity share held by shareholders.
The company will acquire a 100 per cent stake in Rizing Intermediate Holdings for about $540 million (around Rs 4,135 crore) in an all-cash deal to scale up its SAP consulting capabilities, the company said on Tuesday.
The company’s novel COVID-19 vaccine, ZyCoV-D has received Emergency Use Authorisation (EUA) from the Drug Controller General of India (DCGI) as a two-dose vaccine.
Bharat Electronics (BEL) | Hindustan Aeronautics (HAL)
Bharat Electronics (BEL) has signed a contract with Hindustan Aeronautics (HAL) for the co-development and co-production of Long-Range Dual-Band Infra-Red Search and Track System (IRST) for Su-30 MKI under the MAKE-II procedure of Defence Acquisition Procedure (DAP) 2020, as part of the ‘Make in India’ initiative.
The real estate firm has raised Rs 440 crore from Värde Partners, a leading global alternative investment firm. The funds will be deployed for expediting the construction and delivery of its projects as well as for expansion.
HDFC Life Insurance
The company has reported a rise of 12.45% in its net profit at Rs 357.52 crore for the fourth quarter and year ended March 31, 2022, as compared to Rs 317.94 crore for the same quarter in the previous year. On a consolidated basis, the company has reported a rise of 58.65% in its net profit at Rs 506.19 crore for the quarter under review as compared to Rs 319.06 crore for the same quarter in the previous year.
Airtel | IndusInd Bank
Bharti Airtel’s subsidiary — Airtel Payments Bank has partnered with IndusInd Bank to offer fixed deposit (FD) facilities to its customers.
Tata Teleservices (TTML)
The company has reported a net loss of Rs 280.62 crore for the fourth quarter and year ended March 31, 2022, as compared to a net loss of Rs 288.29 crore for the same quarter in the previous year. For the year ended March 31, 2022, the company has reported a net loss of Rs 1,215.00 crore as compared to a net loss of Rs 1,996.69 crore for the previous year.
The company has reported a 63.40% rise in its net profit at Rs 238.40 crore for the first quarter ended March 31, 2022, as compared to a net profit of Rs 145.90 crore for the same quarter in the previous year.
Reliance Industries (RIL)
RIL and Abu Dhabi Chemicals Derivatives Company RSC (TA’ZIZ) have signed the formal shareholder agreement for the TA’ZIZ Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC) project.