Hindalco Industries

Hindalco Industries’ fourth-quarter net profit doubled year on year to Rs 3,851 crore as against Rs 1,928 crore recorded a year ago. Consolidated revenue for one of the largest metals companies in India surged 37.7% to Rs 55,764 crore in the March quarter as compared to a revenue of Rs 40,507 crore registered in the year-ago period. The growth was supported by the surge in commodity prices and higher volumes. The company recommended a dividend of 400% (Rs 4 per share) for 2021-22 as against 300% (Rs 3 per share) for 2020-21.

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Jet Airways

Jet Airways, which remains grounded for two years,
reported a standalone net loss of Rs 233.63 crore for the March quarter of
fiscal 2022. The full service carried had posted a standalone net loss of Rs
107.01 crore in the year-ago period, according to a regulatory filing. Total
income stood at Rs 11.63 crore in the March quarter compared to Rs 17.73 crore
in the year-ago period.

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Results on May 27

JSW Steel, FSN E-Commerce Ventures (Nykaa), GAIL, Glenmark Pharma, Godrej Industries, India Cements, PB Fintech (Policy Bazaar), Ruchi Soya, Jubilant Pharmova, Jubilant Industries, Aarti Industries, Ion Exchange, Info Edge India, JP Power, Aegis Logistics, Akzo Nobel India, Apar Industries, Arvind Fashions, Astral Pipes, Atul Auto, Balmar Lawrie, BEML, Crompton Greaves Consumer Electricals, City Union Bank, Edelweiss Financial Services, Engineers India, ESAB India, Everest Industries, Exxaro Tiles, Future Consumer, Force Motors, Heritage Foods, HT Media, Inox Wind, IRCON International, Kalyani Forge, Karnataka Bank, Lemon Tree Hotels, Man Industries, Oil India Ltd, Ramky Infrastructure, Sun TV, Tarsons Products, TCNS Brands, United Spirits, and VRL Logistics will release their quarterly earnings scorecard on May 27.

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Piramal Enterprises

Piramal Enterprises reported a consolidated net profit of
Rs 151 crore in the March quarter of fiscal 2022, compared to a loss of Rs 510
crore in the year-ago period. The net profit was factored in additional
provisioning of Rs 882 crore and interest reversal of Rs 215 crore. Revenues
surged 16% year on year to Rs 4,163 crore in the reported quarter as against Rs
3,402 crore in the year-ago period. The company board has recommended a
dividend of Rs 33 per share, subject to shareholders’ approval.

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Muthoot Finance

Muthoot Finance reported a 2.3% year on year decline in
net profit to Rs 997 crore for the March quarter of fiscal 2021-22, as compared
to a profit of Rs 1,020 crore recorded during the same quarter of the previous
financial year. The consolidated revenues also increased 2.7% year on year to
Rs 3,021 crore. The decrease in profit is due to lower revenues and higher
employee costs partially offset by lower impairment of financial instruments.

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Page Industries

Page Industries reported a profit after tax of Rs 190.5
crore for the March quarter of fiscal 2022, up 65% from the net profit of Rs
115.65 crore reported during the year-ago period. Net margin at 17.1% was
higher by 400 bps on year and higher by 240 bps on a sequential basis. Revenue
from operations was up 26.15% to Rs 1,111.11 crore during the quarter, as
against Rs 880.76 crore in the year-ago period. The growth was aided by
increasing trends across product categories and channels.

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Bharat Dynamics

Bharat Dynamics posted a net profit of Rs 2,644 crore in
the fourth quarter of fiscal 2020-21, up 1.5% from Rs 2,604 crore during the
same period last year. The revenues surged by 21.5% year on year to Rs 13,811
crore. The dip during the quarter was mainly caused by higher employee and
inventory costs, as well as an increase in other expenses that were partially
negated by an exceptional income of Rs 335 crore during the quarter.

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Tata Power Renewable

Tata Power Renewable commissioned a 100 MW project for
MSEDCL in Partur, Maharashtra. The installation comprises over 4,11,900
monocrystalline PV modules and is expected to reduce CO2 emissions by around
234 million tonnes annually. With this addition of 100 MW, the renewable
capacity in operation for Tata Power now stands at 3,620 MW with 2,988 MW of
Solar and 932 MW of Wind. Tata Power’s total Renewable capacity is 4,920 MW
including 1,300 MW of Renewable projects under various stages of

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Zee Entertainment

Zee Entertainment Enterprises reported a 34% decline in
its March quarter net profit at Rs 181.9 crore from Rs 275.7 crore in the same
quarter last fiscal. The company revenue jumped 18.1% to Rs 2,322.9 crore as
against Rs 1,965.8 crore, year on year. The company board recommended an equity
dividend of Rs 3 per equity share of Re 1 each for the financial year 2021-22,
subject to the approval of equity shareholders.