Results on February 2: Tata Motors, UPL, Delhivery, Bank of India, Aegis Logistics, Bikaji Foods International, Devyani International, Dhanlaxmi Bank, Engineers India, InterGlobe Aviation, JSW Infrastructure, LIC Housing Finance, Mahindra Lifespace Developers, Metropolis Healthcare, MOIL, Samhi Hotels, Satin Creditcare Network, Sundram Fasteners, Torrent Pharmaceuticals, and Ujjivan Financial Services will be in focus ahead of declaring their December quarter earnings on February 2.
2/27
Results on February 3: State Bank of India, Affle (India), Apollo Micro Systems, Clean Science and Technology, GHCL, Grindwell Norton, Krishna Institute of Medical Sciences, Salasar Techno Engineering, and Sangam India will be in focus ahead of December quarter earnings on February 3.
3/27
Hero MotoCorp: The world's largest two-wheeler maker recorded total sales at 4,33,598 units in January 2024, rising 21.6 percent over a year-ago period, with domestic sales increasing 20.5 percent on-year to 4.2 lakh units and exports surging 74.6 percent to 12,664 units for the quarter.
4/27
Mazagon Dock Shipbuilders: The shipbuilding company said Sanjeev Singhal has been given the additional charge of the post of Chairman and Managing Director of the company for one month, with effect from February 2024. Sanjeev Singhal is currently the Director (Finance) of the company.
Eicher Motors: Royal Enfield sold 76,187 motorcycles in January this year, rising 2 percent over the 74,746 units sold in the same month last year. However, export sales dropped 20 percent YoY to 5,631 motorcycles during the month.
6/27
RITES: The engineering services company has registered a 12.5 percent on-year decline in consolidated profit at Rs 128.8 crore for the third quarter of FY24, impacted by muted topline and weak operating performance. Revenue from operations increased by 0.8 percent to Rs 682.9 crore compared to the corresponding period of the last fiscal.
7/27
Ashok Leyland: The country's second-largest commercial vehicle maker recorded sales of 15,939 units in January 2024, missing analysts' estimates and falling 7 percent compared to 17,200 units sold in the year-ago period. Its total medium and heavy commercial vehicle sales dropped 8 percent YoY to 10,218 units.
8/27
Bata India: The leading footwear company has recorded net profit at Rs 57.3 crore for the October-December period of FY24, falling sharply by 31 percent compared to the year-ago period, impacted by a tepid topline and weak operating numbers. Revenue from operations grew by 0.4 percent year-on-year to Rs 903.5 crore for the quarter, driven by premium categories despite muted demand. Bata has received approval from the board members for monetizing its freehold industrial land of 11.54 acres in Faridabad.
NMDC: The state-owned iron ore company recorded iron ore production of 4.54 million metric tons (mt) in January this year, growing 8.09 percent over the year-ago period, while sales grew by 18.8 percent year-to-year to 4.56 mt during the month.
10/27
City Union Bank: The lender has registered net profit at Rs 253 crore for the quarter ended December FY24, growing 16 percent year-on-year, but net interest income dropped 7.2 percent year-on-year to Rs 516 crore, with advances growing 2.3 percent YoY to Rs 44,017 crore and deposits rising 5.5 percent to Rs 52,726 crore for the quarter. Asset quality improved with the gross NPA declining 19 bps sequentially to 4.47 percent and the net NPA down 15 bps to 2.19 percent for Q3 FY24.
11/27
Castrol India: The lubricant manufacturer has registered net profit at Rs 242 crore for the fourth quarter of CY23, rising 25.15 percent over a year-ago period on account of healthy operating numbers. Revenue grew by 7.5 percent year-on-year to Rs 1,264 crore for the quarter.
12/27
VST Tillers Tractors: The company sold 4,146 power tillers and tractors in January 2024, falling 3.7 percent compared to 4,306 tillers and tractors sold in the corresponding period of the last fiscal.
13/27
PB Fintech: Foreign venture capital investor Claymore Investments (Mauritius) Pte Ltd exited the Policybazaar operator by selling 1.2 crore equity shares at an average price of Rs 992.8 per share and 1.24 crore shares at an average price of Rs 992.8 per share, which amounted to Rs 2,425.4 crore.
14/27
Dixon Technologies: Nirupam Sahay has resigned as President and COO of the lighting solutions business, with effect from the close of business hours on January 31. Now, Amit Mittal has assumed responsibility for the lighting solutions vertical of the company, effective February 1. Amit Mittal is the senior vice president of operations for the company.
15/27
Mphasis: The IT services company recorded consolidated net profit of Rs 373.6 crore for the October–December period of FY24, falling 4.7 percent compared to the previous quarter, dented by weak operating numbers. Revenue from operations increased by 1.9 percent sequentially to Rs 3,338 crore for the quarter.
16/27
Pricol: The automotive components maker has registered a 27.1 percent on-year growth in consolidated net profit at Rs 34 crore for the quarter ended December FY24, backed by healthy topline and operating earnings. Consolidated revenue from operations for the quarter increased by 21 percent to Rs 572.6 crore compared to the corresponding period of the last fiscal.
17/27
Sonata Software: The IT services company has posted a consolidated net loss of Rs 46.2 crore for the quarter ended December FY24, against a profit of Rs 124.2 crore in the previous quarter. The profitability was impacted by exceptional losses due to changes in the fair value of the acquired entity, i.e., Quant Systems Inc. Consolidated revenue from operations grew by 30.4 percent sequentially to Rs 2,493.3 crore for the quarter.
18/27
Panacea Biotec: The United States Food and Drug Administration (USFDA) has classified the inspection of the Baddi, Himachal Pradesh, facility of the company's subsidiary, Panacea Biotec Pharma, as Official Action Indicated (OAI). The OAI classification implies that the USFDA expects further corrective actions and may withhold approval of any pending product applications or supplements in which this facility is listed until the outstanding observations are resolved. The inspection of the said facility by the USFDA was conducted on October 3 and 12, 2023.
19/27
Abbott India: The pharmaceutical company has registered a 26 percent on-year growth in net profit at Rs 311 crore for the quarter ended December FY24, backed by healthy operating numbers. Revenue from operations for the quarter grew by 8.7 percent to Rs 1,437 crore compared to the same period last year.
20/27
HFCL: The telecom equipment and optical fiber cable manufacturer has registered a consolidated profit of Rs 82.43 crore for the quarter ended December FY24, falling 19 percent compared to the year-ago period due to disappointment over the topline as well as operating numbers. Revenue from operations fell 4.9 percent year-on-year to Rs 1,032.3 crore in Q3 FY24, while the order book increased to Rs 7,678 crore during the quarter, up from Rs 7,064 crore in Q3 FY23.
21/27
Indian Hotels Company: The company has reported 18.2 percent on-year growth in consolidated net profit at Rs 477 crore for the third quarter of FY24, with a healthy topline as well as operating numbers. Consolidated revenue grew 16.5 percent YoY to Rs 1,964 crore, led by 21 percent growth in room revenue in the December quarter.
22/27
GMM Pfaudler: The glass-lined equipment maker has recorded net profit at Rs 31.72 crore for the quarter ended December FY24, growing 70 percent over a year-ago period despite single-digit growth in topline. Revenue from operations increased 8 percent YoY to Rs 856 crore for the quarter. The order backlog stood at Rs 1,625 crore, while order intake was at Rs 756 crore for the quarter.
23/27
Umang Dairies: Manish Upadhyaya, the business head, has resigned as Chief Executive Officer and all key managerial personnel of the company with effect from the close of business hours on January 31, 2024, due to personal reasons.
24/27
Docmode Health Technologies: The company will debut on the NSE Emerge on February 2. The issue price is Rs. 79 per share. Its equity shares will be available for trading in the trade-for-trade surveillance segment.
25/27
Fonebox Retail: The smartphones and accessories retailer is set to debut on the NSE Emerge on February 2. The issue price is Rs 70 per share. Its equity shares will be available for trading in the trade-for-trade surveillance segment.
26/27
Banka BioLoo: Ace investor Kenneth Andrade has sold 75,000 equity shares in the water, sanitation, and hygiene infrastructure company via open market transactions at an average price of Rs 162.6 per share.
27/27
Delaplex: The company will list its equity shares on the NSE Emerge on February 2. The issue price is Rs. 192 per share. Its equity shares will be available for trading in the trade-for-trade surveillance segment.
