Bank of Maharashtra,: Bank of Maharashtra, Alok Industries, (India), and Nelco are among the companies that will announce their quarterly results for the quarter ending June 2022.
HDFC Bank: The largest private sector lender reported a 20.91% rise in its June quarter net profit to Rs 9,579.11 crore on the back of overall growth. On a stand-alone basis, its net profit rose to Rs 9,195.99 crore from Rs 7,729.64 crore a year ago, but was down from Rs 10,055.18 crore in the previous March quarter.
Tata Steel: The major steelmaker has planned capital expenditure (capex) of Rs 12,000 crore on its operations in India and Europe in the current financial year. The major national steel company plans to invest Rs 8,500 crore in India and Rs 3,500 crore in the company’s operations in Europe.
Indian oil: As competition in retail fuel grows, the state-owned oil marketing company has launched a one-stop Bikers Cafe to cater to the needs of Himalayan biker expeditions as it seeks to retain its leadership on the market with differentiated offers tailored to various consumer groups.
Steel and power of Jindal: The steelmaker reported a multiple jump in its consolidated net profit to Rs 2,770.88 crore for the quarter ended June 30, 2022, due to higher revenues. The “total profit” of the company was Rs 14.25 crore during the April-June 2021-22 period.
Vedanta: The mining major led by billionaire Anil Agarwal plans to commission two coal blocks in Odisha this fiscal year and is developing a plan to accelerate the operationalization of another coal mine in the eastern state.
Federal Bank: The private lender reported a 63.5% rise in net profit to Rs 601 crore in the June quarter due to a sharp drop in money set aside for bad debts. The Southern-based lender had reported a net profit of Rs 367 crore in the prior year period.
Vodafone idea: Shareholders of the debt-ridden telecom operator have approved the allocation of equity capital worth Rs 436.21 crore to its sponsoring entity, Vodafone Group. According to the results of the vote submitted to the stock exchanges, 99.94% of VIL shareholders approved the allocation of capital to the Vodafone group company, Euro Pacific Securities.
L&T Technology Services: The mid-cap IT player recorded a 27% increase in its consolidated net profit to Rs 274 crore in the three months to June. The company made a net profit of Rs 216.2 crore in the same period a year ago.
ICICI Prudential Life Insurance Company: The private insurance player reported a net profit of Rs 156 crore in the April-June quarter of this financial year amid a trend of moderating claims and provisions related to the pandemic. The company had reported a net loss of Rs 186 crore in the prior year quarter.
Bank of Baroda: The state-run lender will raise debt capital by Rs 1,000 crore by issuing long-term bonds to meet financing needs in the infrastructure sector. The lender has received approval from its investment committee.
Bharat Electronics: The state-owned defense company reported a 1,401% year-on-year growth in net profit to Rs 366.33 crore for the quarter ended June 2022, on the back of a strong earnings performance. exploitation. First quarter revenue increased by 90.5% to Rs 3,140.6 crore compared to the corresponding period of the previous fiscal year.
Power of torrents: The electric utility player intends to increase its renewable energy portfolio through the acquisition of existing projects and is also looking for new opportunities in the transmission and distribution sectors.
Oberoi Real Estate: The Mumbai-based real estate company reported a fivefold increase in Q1FY23 profit to Rs 403.48 crore from Rs 80.81 crore in the same period last year. Revenue tripled to Rs 934.81 crore from Rs 294.77 crore during the same period.
Hindustan Zinc: The Vedanta Group company is looking to expand its footprint in the production of zinc alloys and has received permission to set up a 30 kilotonnes per year plant. This decision will pave the way for the production of value-added zinc alloy products and enable the company to deliver world-class products to the domestic market.
Voltas: The Tata Group company said it sold nearly 1.2 million units of residential air conditioners in the first half of 2022, registering a 60% growth helped by an intense summer and the expansion of the sales network. The company sold nearly 1.2 million air conditioning units in H1 CY 22, a record not achieved by any player in the industry.
Just dial: The local search platform recorded a widening in consolidated loss to Rs 48.36 crore in the first quarter ended June 30, 2022. The company had recorded a loss of Rs 3.52 crore in the same period a year ago. one year old.
NHPC: The state-owned hydroelectric giant has signed two agreements to develop green hydrogen technologies in Leh and Kargil. NHPC has signed two MoUs for the development of ‘Pilot Green Hydrogen Technologies’ in line with the country’s drive to reduce the carbon footprint in the power sector in Leh and Kargil districts.
Bank of India: The state-owned lender said its shareholders had approved a proposal to raise up to Rs 2,500 crore in new equity through various modes. The decision was taken at the bank’s annual general meeting (AGM) held on July 15.
Technologies of the Happiest Minds: The small-cap IT company has purchased a fully constructed ready-made commercial property spread over 2.4 lakh square feet in Bengaluru for Rs 101 crore. The 1,600-seat capacity facility is located in the Electronics City technology hub.
Medplus Health Services: The medical and pharmaceutical retailer has incorporated a wholly owned subsidiary, namely MedPlus Insurance Brokers. The subsidiary will carry out direct insurance brokerage in life and damage insurance, as well as all kinds of guarantee and indemnification activities.
Den Networks: The digital cable TV service provider reported a 69% year-on-year drop in consolidated profit to Rs 12.71 crore in the quarter ended June 2022, marred by lower revenue and a weak operational performance as revenue fell by 6.5% to Rs 283.36 crore in the given quarter.
Priti International: The furniture startup said it will invest more than Rs 3 crore to open five stores in four states by the end of this financial year. The first offline store will open in Jodhpur, Rajasthan next month, while the second store will open in Pune, Maharashtra by October.