Adani Power's consolidated net profit jumped to Rs 4,645.47 crore in the March quarter from Rs 13.13 crore in the year-ago period, mainly on the back of higher revenues. Total income of the company rose to Rs 13,307.92 crore in the quarter ended on March 31, 2022 from Rs 6,902.01 crore in the same period a year ago, it said in a statement on Thursday. The consolidated net profit for 2021-22 climbed to Rs 4,911.58 crore from Rs 1,269.98 crore in 2020-21. Last fiscal, the company's total income increased to Rs 31,686.47 crore from Rs 28,149.68 crore in the same period a year ago. Gautam Adani, Chairman of Adani Group said that availability of reliable power supply to various sectors across the nation is critical to economic growth. "The Adani Group stands committed to fulfilling India's energy needs in a sustainable, reliable, and affordable manner. Our diversified presence across the energy value chain helps us ensure that this vital input is always available to power the economy,
Performance was aided by strong signs of recovery in the auto and mortgage industries.
Tyre major Ceat on Thursday reported an 84 per cent decline in its consolidated net profit to Rs 25 crore for the fourth quarter ended March 2022.
Logistics services provider Blue Dart Express Ltd on Thursday reported an increase of 52.18 per cent in its consolidated net profit at Rs 136.97 crore for the fourth quarter ended March 2022.
Air-conditioning and commercial refrigeration firm Blue Star Ltd on Thursday reported a 12.01 per cent increase in net profit at Rs 76.27 crore for the fourth quarter ended March 2022
CAMS, which acts as a registrar and transfer agent to mutual funds, on Thursday reported a 23% surge in its consolidated profit after tax at Rs 73.84 crore in quarter ended March.
FMCG firm Marico Ltd on Thursday reported a 13.21% rise in consolidated net profit to Rs 257 crore for the fourth quarter ended March 2022.
Borosil Renewables' March 2022 quarter net profit fell to Rs 46.38 crore against Rs 66.87 crore in the year-ago period, mainly due to lower revenues.
Drug firm Morepen Laboratories on Thursday said its consolidated net profit declined by 55 per cent to Rs 12 crore for the fourth quarter ended March 2022.
The company has a strong order backlog as of March 31, 2022, at Rs 5,229 crore, which provides revenue visibility and is well aligned to support growth plans in the coming quarters.
Stocks to Watch: Adani Power, Adani Transmission, CEAT, Dabur India, Marico, Exide Industries, Happiest Minds Technologies, and Indus Towers will be in focus ahead of theur Q4 results.
The lender's net interest income increased 18% YoY to Rs 4,521 crore, aided by a loan growth of 21%
Consumer electrical goods maker Havells India Ltd on Wednesday reported a 16.01% increase in its consolidated net profit to Rs 352.48 crore for the fourth quarter ended in March 2022
Tata Consumer Products Ltd (TCPL) on Wednesday reported an over three-fold jump in consolidated net profit at Rs 239.05 crore for the fourth quarter ended March
Meanwhile, the mega LIC IPO was off to a steady start, with policyholder and employee segment receiving strong response on Day 1 of the offer period.
The company delivered robust top-line growth of 15 per cent and a mid-single digit volume growth in March quarter (Q4FY22).
Tata group firm Titan Company Ltd on Tuesday reported a 7.21 per cent decline in its consolidated net profit at Rs 527 crore in the fourth quarter ended March 2022. It had posted a net profit of Rs 568 crore in the January-March quarter of FY21, Titan Company said in a regulatory filing. Its total income was up 4.25 per cent to Rs 7,872 crore during the period under review as against Rs 7,551 crore in the corresponding period of the preceding fiscal. The company's revenue from sales of products was down 1.14 per cent to Rs 7,267 crore in the fourth quarter of FY22 as against Rs 7,351 crore a year ago. Titan's total expenses were at Rs 7,165 crore in Q4 of FY22, up 5.04 per cent from Rs 6,821 crore a year ago. "Q4 FY22 ended with a satisfactory performance despite partial lockdowns, volatility in gold prices and uncertainty in a fragile geo-political situation," said Titan, adding, "Excluding bullion sale, revenue declined by 2 per cent compared to Q4 FY21." Titan's revenue from .
Consolidated revenue up 83.66% at Rs 25,141.56 crore
After adjusting for the tariff reversal, the company's net profit stood at Rs 372 crore in Q4, which is higher than Bloomberg's consensus estimate of Rs 243 crore
Total revenues for the quarter at Rs 69,324 crore were higher by 38.6 per cent compared to Rs 50,028 crore in the year-ago period