Stocks to watch today: At 7:26 am, the SGX Nifty futures were quoting 16,223 levels, signaling 30-40 point loss for the 50-packed index.
But total revenue from operations was up 6.02 per cent at Rs 1,334.32 crore during the quarter under review as against Rs 1,258.47 crore in the year-ago period
Operating revenue rose 12.7% during the quarter to Rs 485.5 cr; Covid-19 and allied segments added roughly 13.6% to Q4 top line
Standalone net profit of Rs 6,021.88 crore, or Rs 6.56 a share, in January-March, compared with Rs 8,781.30 crore, or Rs 9.56 per share, in the same period a year back
Consolidated revenue rises 22.3% YoY to Rs 31,500 crore, ARPU up 9.2% sequentially and over 22% YoY to Rs 178
Indian Oil Corporation (IOC) on Tuesday reported a 31.4 per cent drop in the fourth quarter net profit on a margin squeeze in petrochemicals and losses on auto fuel sales. Standalone net profit of Rs 6,021.88 crore, or Rs 6.56 a share, in January-March, compared with Rs 8,781.30 crore, or Rs 9.56 per share, in the same period a year back, the company said in a stock exchange filing. Sequentially, the profit was higher than Rs 5,860.80 crore in the previous quarter. With oil prices surging, revenue from operations rose to Rs 2.06 lakh crore in the final quarter of this fiscal year ending March 31 from Rs 1.63 lakh crore a year back. IOC and other public sector oil companies held petrol and diesel prices for a record duration despite a surge in the cost of raw materials (crude oil). They started raising prices only on March 22. Pre-tax earnings from the sale of petroleum products fell 8 per cent to Rs 8,251.29 crore while the same from the petrochemicals business was down 72 per cen
The company remains confident of gasoline fueled engine and water pump business to perform well. It anticipates complete transition to gasoline from kerosene-powered products.
ITC is better-placed than peers with improving cigarette performance and strong earnings visibility, analysts.
IndiGo Q4 preview: Analysts expect the airline to bleed this quarter yet again amid high fuel costs
SBI Q4 result review: Global brokerage Nomura has cut the lender's target from Rs 650 to Rs 610 as it reported flat net interest margin (NIM) of 3.15 per cent
The company had posted a consolidated net profit of Rs 212.12 crore in the same period of the preceding fiscal, Bharat Forge
The company had posted a net profit of Rs 58.36 crore during the January-March quarter of the previous fiscal, Raymond said in a regulatory filing
Shares of Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Monday rallied over 10 per cent after the company reported a 3.11 per cent increase in consolidated net profit in Q4
NTPC, Bajaj Finance, Maruti Suzuki, SBI, HDFC, Kotak Bank, M&M, and IndusInd Bank were the top gainers on the Sensex index
It registered 52 per cent rise in its revenue at Rs 294.82 crore for the January-March quarter of FY22 from Rs 194.35 crore in the same period of previous fiscal
Watch out for these key levels on SBI and Bank of Baroda, while Tech Mahindra and DMart can be avoided for now.
Though January 2022 started extremely well but the omicron wave reduced the momentum over middle of the month.
In Q4, EBITDA margins declined by 240 bps to 6.5 per cent, due to delay in passing of higher raw material prices along with sharp increase in employee cost.
Stocks to Watch Today: Bharat Forge, Fino Payments Bank, MCX India, RateGain Travel, Raymond and VIP Industries are some of the notable companies scheduled to announce Q4 results on Monday.
Shipping Corporation of India (SCI) on Saturday reported a 77.42 per cent jump in its consolidated net profit to Rs 152.16 crore for the fourth quarter ended March 2022.