Results on February 6: Britannia Industries, FSN E-Commerce Ventures (Nykaa), Azad Engineering, Birla Corporation, Blue Jet Healthcare, Computer Age Management Services, Endurance Technologies, Godrej Properties, J B Chemicals & Pharmaceuticals, JK Tyre & Industries, Lemon Tree Hotels, Max Financial Services, Navin Fluorine International, Nazara Technologies, NLC India, Trident, Tata Teleservices (Maharashtra), Welspun Corp, and Zaggle Prepaid Ocean Services will report their December quarter earnings on February 6.
2/21
Adani Total Gas: The Adani Group company has signed a mutual support agreement with Inox India (INOXCVA) to strengthen the LNG ecosystem in India. Under the said agreement, the company and Inox India will collaborate for the delivery of LNG and LCNG equipment and services, reports CNBC-TV18.
3/21
Tata Chemicals: The Tata Group company reported consolidated profit of Rs 158 crore for the quarter ended December FY24, falling sharply by 60 percent compared to the year-ago period, impacted by a lower topline as well as disappointing operating numbers. Power, fuel, and input costs remained lower YoY. Revenue from operations fell 10 percent YoY to Rs 3,730 crore for the quarter.
4/21
Bharti Airtel: The telecom operator has recorded consolidated net profit of Rs 2,442.2 crore for the quarter ended December FY24, growing sharply by 82.2 percent over the previous quarter as the Q2 FY24 profit was impacted by an exceptional loss of Rs 1,570.3 crore. Revenue from operations grew by 2.3 percent QoQ to Rs 37,900 crore, while EBITDA increased by 1.9 percent sequentially to Rs 20,044 crore, but margin dropped 20 basis points QoQ to 52.9 percent for the quarter. Mobile ARPU grew by 2.5 percent QoQ (up 7.5 percent YoY) to Rs 208 in Q3 FY24.
One97 Communications: The Paytm operator denied reports of investigation or violation of foreign exchange rules by the company or its associate Paytm Payments Bank. The reports of the investigation are misleading, baseless, and malicious, which harm the interests of all of the company's stakeholders.
6/21
Ashok Leyland: The commercial vehicle maker has registered a 60.5 percent on-year growth in net profit at Rs 580 crore for the quarter ended December FY24, beating analysts estimates and backed by strong operating numbers. Revenue from operations grew by 2.7 percent YoY to Rs 9,273 crore for the quarter.
7/21
BSE: The country's oldest stock exchange has registered 109.5 percent on-year growth in consolidated profit at Rs 108.2 crore for the quarter ended December FY24. Consolidated revenue from operations grew by 82.2 percent YoY to Rs 371.5 crore for the quarter.
8/21
Life Insurance Corporation of India: The state-owned life insurance company said the board of directors will be meeting on February 8 to consider the unaudited financial results for the quarter and nine-month period ended in December 2023. Further, in the said meeting, the board may consider a proposal for the declaration of an interim dividend for FY24.
JK Cement: JK Maxx Paints, a wholly owned subsidiary of JK Cement, and Acro Paints, the step-down subsidiary of JK Cement, have approved the Scheme of Amalgamation of Acro Paints with JK Maxx Paints on a going concern basis.
10/21
Indian Energy Exchange: The electricity exchange has achieved the highest ever total volumes in January, at 10,893 million units (MU), growing 26.1 percent over a year-ago period. The market clearing price in the day ahead market during January was Rs 5.83 per unit, down approximately 6 percent YoY due to easing supply-side constraints. The day-ahead market (DAM) volume was up 13.2 percent YoY at 5,540 MU in January, and real-time electricity market (RTM) volume increased 13.2 percent YoY to 2,380 MU during the month.
11/21
TVS Supply Chain Solutions: The logistics company recorded consolidated profit of Rs 9.99 crore for the quarter ended December FY24, falling 42 percent compared to the year-ago period despite lower input costs. Revenue from operations for the quarter fell 6.4 percent YoY to Rs 2,221.8 crore.
12/21
Sun Pharmaceutical Industries: A subsidiary company with the name Taro Pharma Corporation, Inc. (USA) is incorporated as a wholly-owned subsidiary of Taro Pharmaceutical Industries (Israel), a subsidiary of Sun Pharma.
13/21
Ideaforge Technology: The unmanned aircraft systems maker has clocked net profit at Rs 14.8 crore for the October-December period of FY24 against a loss of Rs 7.8 crore in the same period last year, boosted by healthy topline and operating numbers. Revenue from operations jumped significantly to Rs 90.9 crore for the quarter from Rs 7.8 crore in the corresponding period last fiscal.
14/21
Shree Cement: In a clarification note on the news - I-T Department issues final notice to Shree Cement after tax liability probe of Rs 4,000 crore - appeared on Moneycontrol, Shree Cement said a show-cause notice was issued in January 2024 to the company asking the company to sum up and summarize its response to the inquiry being made. There is no demand for tax deposition in the said notice. The company is in the process of preparing its response and will comply with the said notice.
15/21
Gulf Oil Lubricants India: The Hinduja Group Company has recorded 28.86 percent on-year growth in net profit at Rs 80.74 crore for the October-December period of FY24. Revenue from operations for the quarter at Rs 817.26 crore grew by 4.6 percent, and EBITDA at Rs 111.06 crore increased by 23.38 percent compared to the year-ago period. The company has declared an interim dividend of Rs. 16 per equity share.
16/21
Fusion Micro Finance: The NBFC microfinance institution has recorded a 23.4 percent on-year increase in net profit at Rs 126.45 crore for the third quarter of FY24. Net interest income increased 36.13 percent YoY to Rs 337.21 crore, while pre-provision operating profit jumped 41.62 percent YoY to Rs 260.26 crore for the quarter.
17/21
BLS E-Services: The business correspondent’s services provider is set to debut on the bourses on February 6. The final issue price has been fixed at Rs. 135 per share.
18/21
Suven Pharmaceuticals: The pharma company has clocked consolidated net profit at Rs 46.8 crore for the October-December period of FY24, growing 56.6 percent over a year-ago period, with a sharp fall in topline as well as operating numbers. Revenue from operations dropped nearly 38 percent to Rs 219.8 crore compared to the year-ago period.
19/21
Baweja Studios: The company will list its equity shares on the NSE Emerge on February 6. The issue price stands at Rs 180 per share. Its equity shares will be available for trading in the trade-for-trade surveillance segment.
20/21
Triveni Turbine: The industrial heat and power solutions company recorded net profit of Rs 68.3 crore for the quarter ended December FY24, growing 30 percent over a year-ago period. Revenue from operations jumped 33 percent YoY to Rs 432 crore for the quarter. Order booking stood at Rs 531 crore during Q3 FY24, an increase of 26 percent YoY.
21/21
Paradeep Phosphates: The phosphatic fertilizers and urea manufacturing company has reported consolidated net profit of Rs 108.9 crore for the quarter ended December FY24, falling 39.6 percent compared to the corresponding period of the last fiscal year despite a higher operating margin and a sharp fall in input costs. Revenue from operations declined 41 percent YoY to Rs 2,595 crore for the quarter.
