Vedanta
The company is in negotiations with banks to obtain $2.5 billion to $3 billion in debt to fund its semiconductor and display production plans as it strives to become India’s first chipmaker, reported Reuters citing sources.
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Wipro
The IT services company clocked a 3.1% sequential increase in dollar revenue at $2,721.7 million for the quarter ended March 2022 and revenue in constant currency grew at 3.1% QoQ. Wipro expects 1-3% sequential growth in Q1FY23 revenue at $2,748-2,803 million. Profit during the March 2022 quarter grew by 3.98% QoQ to Rs 3,087.3 crore and revenue increased by 2.68% QoQ to Rs 20,860 crore in Q4FY22.
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Quarterly Results on May 2
HDFC, Britannia Industries, Alembic Pharmaceuticals, Astec Lifesciences, Adani Wilmar, Castrol India, CG Power and Industrial Solutions, Devyani International, Dwarikesh Sugar Industries, EIH Associated Hotels, IDBI Bank, Inox Leisure, JBM Auto, Jindal Stainless, Mahindra & Mahindra Financial Services, Mahindra Holidays & Resorts India, Meghmani Organics, NGL Fine-Chem, Olectra Greentech, Saregama India, Shakti Pumps (India), and Surana Solar will release quarterly earnings on May 2.
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IndusInd Bank
The private sector lender registered 55.4% year-on-year growth in profit at Rs 1,361.4 crore for the quarter ended March 2022 as provisions declined 21.5% with an improvement in asset quality performance. Net interest income grew by 12.7% YoY to Rs 3,985.16 crore in Q4.
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Yes Bank
The private sector lender reported a profit of Rs 367 crore in Q4FY22 against a loss of Rs 3,788 crore in the corresponding quarter of the previous fiscal, driven by a sharp downtick in provisions, strong net interest income, and pre-provision operating profit (PPoP) with an improvement in asset quality performance. For the full year, it reported a profit for the first time since FY19, at Rs 1,066 crore against a loss of Rs 3,462 crore in FY21 and a loss of Rs 22,715 crore in FY20, but net interest income (NII) declined 12.5% to Rs 6,498 crore compared to the previous year.
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IDFC First Bank
The company posted over two-fold rise in net profit to Rs 343 crore in the March 2022 quarter on the back of strong core operating income and lower provisioning for bad loans. The private sector lender had reported a net profit of Rs 128 crore in the same quarter of the previous fiscal.
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SHRIRAM CITY UNION FINANCE
The company has reported a 7.57% rise in its net profit at Rs 303.44 crore for the fourth quarter and year ended March 31, 2022, as compared to Rs 282.08 crore for the same quarter in the previous year. On a consolidated basis, the company has reported a rise of 9.79% in its net profit at Rs 327.49 crore for the quarter under review as compared to Rs 298.28 crore for the same quarter in the previous year.
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Usha Martin
The company clocked a 60.1% year-on-year growth in consolidated profit at Rs 108.7 crore in Q4FY22 driven by a subsidy of Rs 31.18 crore from the Jharkhand government, and topline. Revenue during the quarter grew by 17.4% to Rs 766.56 crore YoY.
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Thyrocare Technologies
The company has reported a fall of 42.42% in its net profit at Rs 20.35 crore for the fourth quarter and year ended March 31, 2022, as compared to Rs 35.34 crore for the same quarter in the previous year. On a consolidated basis, the company has reported a fall of 43.74% in its net profit at Rs 21.24 crore for the quarter under review as compared to Rs 37.75 crore for the same quarter in the previous year.
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GHCL
The company clocked a healthy 144% year-on-year growth in Q4FY22 profit at Rs 271.3 crore despite rising input costs, led by strong topline and operating income. Revenue during the quarter grew by 77% to Rs 1,273.3 crore compared to the year-ago period.
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Ambuja Cements
The company is planning to increase cement capacities and move closer to its target of 50 million tonnes per annum in the near future. Ambuja has ambitious growth plans to increase cement capacities.
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Just Dial
The local search engine company recorded a 34% year-on-year decline in profit at Rs 22.1 crore for the quarter ended March 2022 hit by lower topline and operating loss. Revenue from operations stood at Rs 166.7 crore for the quarter, down 5.1% compared to the year-ago period but total traffic of unique visitors) for the quarter 144.8 million grew by 12.2% YoY and total active listings at 31.9 million increased by 4.9% YoY, while active paid campaigns at the end of the quarter stood at 4,61,495, which rose by 0.9% YoY.
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HDFC Life Insurance
The company has signed up for the UN-supported Principles for Responsible Investment (PRI), epitomising its objective of sustainable growth and long term value creation.
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Tanla Platforms
The largest CPaaS provider reported a 37% year-on-year growth in profit at Rs 140.6 crore on strong topline and operating performance. Revenue increased by 32% year-over-year to Rs 853.1 crore and operating income grew by 37% to Rs 184.1 crore compared to the year-ago period.
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Coal India
The company has logged a 27% jump in production till April 28 amid skyrocketing demand for the fuel. Coal India produced 49.6 million tonnes of coal till April 28.
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Tata Consultancy Services (TCS)
The company has been positioned as a “Major Player” in the IDC MarketScape for Worldwide Customer Data Platforms Focused on Data and Marketing Operations Users 2022 report.
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Axis Bank
The bank has received an approval to borrow/ raise funds in Indian/Foreign Currency by the issue of debt Instruments including but not limited long term bonds, non-convertible debentures, perpetual debt instruments, AT 1 Bond, infrastructure bonds and Tier II capital bonds or such other debt securities as may be permitted under RBI guidelines from time to time up to an amount of Rs. 35,000 crore in terms of Section 42 of the Companies Act, 2013, the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 and the Listing Regulations, subject to the approval of the members of the Bank.
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Can Fin Homes
The company has reported a 19.85% rise in its net profit at Rs 122.93 crore for the fourth quarter and year ended March 31, 2022, as compared to Rs 102.57 crore for the same quarter in the previous year. For the year ended March 31, 2022, the company has reported a 3.30% rise in its net profit at Rs 471.11 crore as compared to Rs 456.06 crore for the previous year.
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SBI Cards and Payment Services
The company has reported a 3-fold jump in its net profit at Rs 580.86 crore for the fourth quarter and year ended March 31, 2022, as compared to Rs 175.42 crore for the same quarter in the previous year. For the year ended March 31, 2022, the company has reported a 64.16% rise in its net profit at Rs 1616.14 crore as compared to Rs 984.52 crore for the previous year.
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