Moneycontrol PRO
Upcoming Event:Experts and leaders discuss how modern digital tools are transforming the media industry. Register now

Buzzing Stocks | Kotak Mahindra Bank, Titan Company, JSW Energy and others in news today

Stocks In the News: Check out the companies making headlines before the opening bell.

May 04, 2022 / 06:38 AM IST
Results on May 4: Kotak Mahindra Bank, Tata Consumer Products, ABB, Adani Green will be in focus. Kotak Mahindra Bank, Tata Consumer Products, ABB India, Adani Green Energy, CarTrade Tech, Adani Total Gas, Equitas Small Finance Bank, Havells India, Bombay Dyeing & Manufacturing Company, Deepak Nitrite, Laxmi Organic Industries, Mahindra EPC Irrigation, Satin Creditcare Network, SIS, Oracle Financial Services Software, Rain Industries, EIH, IIFL Wealth Management, Aptech, Cigniti Technologies, and MAS Financial Services will announce quarterly earnings on May 4.
Results on May 4: Kotak Mahindra Bank, Tata Consumer Products, ABB India, Adani Green Energy will be in focus. Others include CarTrade Tech, Adani Total Gas, Equitas Small Finance Bank, Havells India, Bombay Dyeing & Manufacturing Company, Deepak Nitrite, Laxmi Organic Industries, Mahindra EPC Irrigation, Satin Creditcare Network, SIS, Oracle Financial Services Software, Rain Industries, EIH, IIFL Wealth Management, Aptech, Cigniti Technologies, and MAS Financial Services.
Representative image
Godrej Properties: Reports net profit of Rs 260 crore. The Mumbai-based real estate company posted a profit of Rs 260.4 crore for the quarter ended March against loss of Rs 191.6 crore in the same period last year, with revenue rising 208 percent to Rs 1,331 crore. EBITDA stood strong at Rs 257.9 crore for the quarter against loss of Rs 154.2 crore in the year-ago period.
Titan Company: Titan Company net profit up 7% YoY in March quarter. The jewellery-to-watch major clocked a 7.2 percent year-on-year decline in standalone profit at Rs 491 crore in the quarter ended March 2022 with revenue rising 2 percent to Rs 7,276 crore during the same period amid partial lockdowns, volatility in gold prices and uncertainty in a fragile geo-political situation. At the operating level, EBITDA dropped 1.6 percent to Rs 782 crore and margin fell by 40 bps to 10.7 percent compared to year-ago period.
Titan Company: Net profit up seven percent. The jewellery-to-watch major clocked 7.2 percent year-on-year decline in standalone profit at Rs 491 crore in the quarter ended March 2022 with revenue rising two percent to Rs 7,276 crore amid partial lockdowns, volatility in gold prices and uncertainty in a fragile geo-political situation. At the operating level, EBITDA dropped 1.6 percent to Rs 782 crore and margin fell 40 basis points to 10.7 percent.
Ramkrishna Forgings: Ramkrishna Forgings reports 143% rise in net profit. The forging company reported a 143 percent year-on-year growth in profit at Rs 86.65 crore in quarter ended March 2022, with strong revenue growth of 32 percent at Rs 683.2 crore and EBITDA rising 41 percent to Rs 152 crore compared to year-ago period.
Ramkrishna Forgings: Reports 143 percent rise in net profit. The forging company reported 143 percent year-on-year growth in profit at Rs 86.65 crore in the quarter ended March, with strong revenue growth of 32 percent at Rs 683.2 crore and EBITDA rising 41 percent to Rs 152 crore.
Adani Wilmar: Adani Wilmar buys Kohinoor Brand from McCormick Switzerland. The packaged food FMCG company has acquired Kohinoor brand from McCormick Switzerland GMBH for an undisclosed amount. The acquisition would give Adani Wilmar exclusive rights over the brand 'Kohinoor’ basmati rice along with ‘Ready to Cook’, ‘Ready to Eat’ curries and meals portfolio in India. Also it will strengthen company's position in basmati rice business.
Adani Wilmar: Buys Kohinoor Brand from McCormick Switzerland. The packaged food FMCG company has acquired Kohinoor brand from McCormick Switzerland GMBH for an undisclosed amount. The acquisition would give Adani Wilmar exclusive rights to the Kohinoor basmati rice brand along with Ready to Cook, Ready to Eat curries and meals portfolio in India. Also it will strengthen the company's position in basmati rice business.
JSW ENERGY
JSW Energy: Net profit jumped eight times. The power generation company recorded massive eight times year-on-year growth in consolidated profit at Rs 864.3 crore in the March quarter, with EBITDA climbing 79 percent to Rs 1,131.8 crore led by one-time reversal of provision due to tariff true-up order of the Karcham Wangtoo plant. Revenue during the quarter increased 55.5 percent to Rs 2,440.7 crore, with generation higher by 15 percent on greater long term sales.
Jindal Stainless: Jindal Stainless reports 156% rise in net profit in March quarter. The company clocked a 156 percent year-on-year growth in Q4FY22 profit at Rs 750 crore with EBITDA rising 55 percent to Rs 842 crore and revenue climbing 68 percent to Rs 6,564 crore compared to year-ago period. Domestic business contributed 68 percent to sales volumes, and exports' contribution stood at 32 percent in March 2022 quarter doubled from 16 percent in same period last year.
Jindal Stainless: Reports 156 percent rise in net profit. The company clocked 156 percent year-on-year growth in March quarter profit at Rs 750 crore with EBITDA rising 55 percent to Rs 842 crore and revenue climbing 68 percent to Rs 6,564 crore. Domestic business contributed 68 percent to sales volumes, and exports' contribution stood at 32 percent in March quarter doubling from 16 percent in same period last year.
Alembic Pharmaceuticals: Alembic Pharma net profit rose 86% YoY in March quarter. The pharma company registered a 86 percent year-on-year decline in consolidated profit at Rs 35.5 crore in March 2022 quarter, post charging off non-recurring expenses of Rs 188 crore. Revenue grew by 11 percent to Rs 1,415.7 crore during the same period with US generics business increasing by 17 percent and Indian branded segment rising 25 percent YoY, but ex-US business dropped 19 percent in the same period.
Alembic Pharmaceuticals: Net profit rises 86 percent in March quarter. The pharma company registered 86 percent year-on-year decline in consolidated profit at Rs 35.5 crore in March quarter, after non-recurring expenses of Rs 188 crore. Revenue grew 11 percent to Rs 1,415.7 crore during the period with US generics business increasing 17 percent and Indian branded segment rising 25 percent, but ex-US business dropped 19 percent.
Mahindra & Mahindra Financial Services: M&M Fin net profit surges 301% YoY to Rs 601 crore. Mahindra Finance reported a whopping 301 percent year-on-year growth in standalone profit at Rs 600.80 crore as reduction in gross stage-3 led to significant credit cost reversal. Net interest income for the quarter at Rs 1,531 crore declined 1 percent YoY.
Mahindra & Mahindra Financial Services: Net profit surges 301 percent to Rs 601 crore. It reported whopping 301 percent year-on-year growth in standalone profit at Rs 600.80 crore as reduction in gross stage three led to significant credit cost reversal. Net interest income for the quarter came in at Rs 1,531 crore, down one percent.
Welspun Corp: LIC buys shares in Welspun Corp. Life Insurance Corporation of India bought 75,000 equity shares in the company via open market transactions. With this, the shareholding by LIC increased to 5.006 percent, up from 4.977 percent earlier.
Welspun Corp: LIC buys shares. Life Insurance Corporation of India bought 75,000 shares in the company via open market transactions. With this, the shareholding by LIC has increased to 5.006 percent from 4.977 percent earlier.
Britannia Industries: Britannia Industries net profit rose 5% YoY in March quarter. The Wadia group food company registered a 5 percent year-on-year growth in consolidated profit at Rs 378 crore for the quarter ended March 2022, revenue from operations rising 13.4 percent to Rs 3,550.5 crore and EBITDA increasing by 8.8 percent to Rs 550 crore compared to corresponding period last fiscal. It delivered a mid-single digit volume growth during the quarter.
Britannia Industries: Net profit rises five percent. The Wadia group food company registered five percent year-on-year growth in consolidated profit at Rs 378 crore for the quarter ended March, with revenue from operations rising 13.4 percent to Rs 3,550.5 crore and EBITDA increasing 8.8 percent to Rs 550 crore. It delivered mid-single digit volume growth during the quarter.
Power Grid Corporation of India: Power Grid Corp buys stake of IL&FS Energy Development in Cross Border Power Transmission Co. The company has decided to acquire equity shareholding of IL&FS Energy Development Company (IEDCL) in Cross Border Power Transmission Company (CPTCL). CPTCL is a joint venture company wherein currently Power Grid and Satluj Jal Vidyut Nigam hold 26 percent stake each, Nepal Electricity Authority has 10 percent stake and the rest 38 percent is held by IEDCL.
Power Grid Corporation of India: To buy stake of IL&FS Energy Development in Cross Border Power Transmission Co. The company has decided to acquire shareholding of IL&FS Energy Development Company (IEDCL) in Cross Border Power Transmission Company. CPTCL is a joint venture company where Power Grid and Satluj Jal Vidyut Nigam hold 26 percent stake each, Nepal Electricity Authority has 10 percent stake and the rest 38 percent is held by IEDCL.
Astec Lifesciences: Astec Lifesciences net profit jumps 80% YoY in March quarter. The agrochemical active manufacturer clocked a massive 80 percent year-on-year growth in profit at Rs 43 crore driven by strong realizations in export markets and healthy volume growth in contract manufacturing. Revenue grew by 58 percent to Rs 272 crore and EBITDA increased by 82 percent to Rs 72 crore with 345 bps improvement in margin compared to corresponding period last fiscal.
Astec Lifesciences: Net profit jumps 80 percent. The agrochemical active manufacturer clocked massive 80 percent year-on-year growth in profit at Rs 43 crore driven by strong realisations in export markets and healthy volume growth in contract manufacturing. Revenue grew 58 percent to Rs 272 crore and EBITDA increased 82 percent to Rs 72 crore with 345 basis point improvement in margin.
Representative Image
Castrol India: Net profit up 21 percent. The automotive and industrial lubricants manufacturer reported 21 percent year-on-year growth in profit at Rs 228.4 crore in the first quarter of the calendar year as revenue grew 13 percent to Rs 1,235.7 crore and operating income increased 19 percent to Rs 317.2 crore.
JBM Auto: JBM Auto net profit surges 162% in March quarter. The auto ancillary company clocked a massive 162 percent year-on-year growth in consolidated profit at Rs 85.8 crore driven by strong topline and operating income. Revenue during the quarter grew by 44 percent to Rs 1,072 crore compared to year-ago with strong growth in component and OEM segments.
JBM Auto: Net profit surges 162 percent. The auto ancillary company clocked massive 162 percent year-on-year growth in March quarter consolidated profit at Rs 85.8 crore driven by strong topline and operating income. Revenue grew 44 percent to Rs 1,072 crore with strong growth in component and OEM (original equipment maker) segments.
Stock,Market,Or,Forex,Trading,Graph,And,Candlestick,Chart,Suitable
Zuari Agro Chemicals: Shuts ammonia and urea plant. The company has shut down its ammonia and urea plants for annual maintenance effective May 1. The plants are expected to resume operations on May 21.
Bombay Dyeing and Manufacturing Company: Bombay Dyeing CFO resigns. Hitesh Vora has resigned as a Chief Financial Officer & Chief Risk Officer of the company, on account of personal reason. He will continue in his current position till August 2, 2022.
Bombay Dyeing and Manufacturing Company: CFO resigns. Hitesh Vora has resigned as chief financial officer and chief risk officer on account of personal reason. He will continue in his current position till August 2.
Voltas: Voltas in pact with Hong Kong based firm. The home appliances company has executed the joint venture agreement with Hong Kong-based Highly International, a wholly-owned subsidiary of Shanghai Highly (Group) Company. The company will do a design, manufacturing, sale and service of inverter compressors for room air-conditioners, motors for inverter compressors, and their associated parts.
Voltas: In pact with Hong Kong based firm. The home appliances company has executed a joint venture agreement with Hong Kong-based Highly International, a wholly-owned subsidiary of Shanghai Highly (Group) Company. The company will do design, manufacturing, sale and service of inverter compressors for room air-conditioners, motors for inverter compressors, and their associated parts.
RITES: RITES in pact with IIT Guwahati to promoting transport system in North Eastern region. The transport infrastructure consultancy and engineering company has entered into a memorandum of understanding (MoU) with the Indian Institute of Technology Guwahati (IIT-G). They will collaborate for improving infrastructure facilities and promoting a multimodal transport system in the North-Eastern region.
RITES: Signs pact with IIT Guwahati for promoting transport system in northeast. The transport infrastructure consultancy and engineering company has entered into a memorandum of understanding with the Indian Institute of Technology Guwahati. They will collaborate for improving infrastructure facilities and promoting a multimodal transport system in the northeast.
RailTel Corporation of India: Railtel Corp gets order from Madhya Pradesh government. The state-owned telecom infrastructure provider has received work order from Madhya Pradesh State Electronics Development Corporation. The company will act as a system integrator for expansion of SDC and establishment of disaster recovery center. The work order is worth Rs 97.64 crore.
RailTel Corporation of India: Gets order from Madhya Pradesh government. The state-owned telecom infrastructure provider has received a work order from Madhya Pradesh State Electronics Development Corporation. The company will act as a system integrator for expansion of SDC and establishment of disaster recovery centre. The work order is worth Rs 97.64 crore.
Seya Industries: Nippon Life India sells stake in Seya Industries. Nippon Life India Trustee sold 16,260 equity shares in the company via open market transactions. With this, its shareholding in the company stands reduced to 3.31 percent, down from 3.37 percent earlier.
Seya Industries: Nippon Life India sells stake in Seya Industries. Nippon Life India Trustee sold 16,260 shares in the company via open market transactions. With this, its shareholding in the company has reduced to 3.31 from 3.37 percent.
Network18 Media and Investments: Network18 Media net profit rose 58% YoY. The company's Q4FY22 profit grew by 58 percent to Rs 62 crore with operating revenue rising 14.6 percent to Rs 1,621 crore compared to corresponding period last fiscal driven by movies business, and advertising revenue growth.
Network18 Media and Investments: Net profit rises 58 percent. March quarter profit grew 58 percent to Rs 62 crore with operating revenue rising 14.6 percent to Rs 1,621 crore compared to corresponding period last fiscal driven by movies business and advertising revenue growth. Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
TV18 Broadcast: Net profit falls 14 percent. The media company's March quarter profit declined 13.85 percent year-on-year to Rs 143 crore but revenue increased 11 percent to Rs 1,496 crore with news revenue rising 10 percent and entertainment business revenue climbing 11 percent. Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
TV18 Broadcast: Net profit falls 14 percent. The media company's March quarter profit declined 13.85 percent year-on-year to Rs 143 crore but revenue increased 11 percent to Rs 1,496 crore with news revenue rising 10 percent and entertainment business revenue climbing 11 percent. Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Moneycontrol News
first published: May 4, 2022 06:38 am
Sections
ISO 27001 - BSI Assurance Mark