Tata Motors The auto major reported a consolidated net loss of Rs 1,032 crore for the fourth quarter ended March 31, 2022 as against a loss of Rs 7,605 crore last year. Its total consolidated revenue from operations stood at Rs 78,439.06 crore in the fourth quarter as compared to Rs 88,627.90 crore in the … Read more
Hindalco Industries The company’s subsidiary Novelis Inc recorded a 21 percent YoY growth in net income at $217 million in March 2022 quarter. Net sales increased 34 percent to $4.8 billion compared to the year-ago period. Novelis, the wholly-owned US unit of Aditya Birla Group company Hindalco, said it will invest $2.5 billion to build … Read more
State Bank of India SBI’s board of directors has approved raising up to $2 billion in FY23. Cipla The pharmaceutical company reported a 10 percent YoY fall in consolidated profit at Rs 370.7 crore in the quarter ended March 2022 while revenue rose 14 percent to Rs 5,260.33 crore compared to the year-ago period. Torrent … Read more
Rainbow Children’s Medicare The company will make its debut on the bourses today. The issue price has been fixed at Rs 542 per share. VST Tillers and Tractors The company registered a 71 percent YoY growth in profit at Rs 22.1 crore in the quarter ended March 2022 while its revenue went up 12 percent … Read more
Campus Activewear The company will make its debut on the BSE and NSE today. Tata Power Company The company reported a 31.4 percent YoY growth in profit at Rs 632.4 crore. Revenue from operations increased by 15.4 percent to Rs 11,960 crore during the same period. Reliance Industries Reliance Industries reported a 10.9 percent sequential … Read more
Tata Motors Tata Motors has announced its foray into electric last mile cargo segment with the Ace EV. TVS Motor Company The automobile company reported lower than expected numbers for the quarter ended March. Net profit fell 5 percent year-on-year (YoY) to Rs 274.5 crore while revenue was up 4 percent at Rs 5,530.3 crore. … Read more
Tata Consumer Products The company clocked 304 percent YoY growth in consolidated profit at Rs 217.54 crore in the quarter ended March 2022. Revenue grew 4.5 percent YoY to Rs 3,175.4 crore during the quarter. Additionally, Sivakumar Sivasankaran has been appointed as Chief Financial Officer, India and as key managerial personnel of the company, in … Read more
Titan Company The jewellery-to-watch major registered a 7.2 percent YoY decline in standalone profit at Rs 491 crore in the quarter ended March 2022. Revenue rose 2 percent to Rs 7,276 crore during the same period. Tata Steel The company reported a consolidated net profit of Rs 9,835.12 crore in Q4FY22, up 37 percent YoY, … Read more
Automobile companies Some automobile companies like Maruti Suzuki India and Tata Motors reported their monthly sales data for April while others are yet to post their provisional sales figures. IndusInd Bank The private sector lender registered 55.4 percent YoY growth in profit at Rs 1,361.4 crore for the quarter ended March 2022 as provisions declined … Read more
Axis Bank The private sector lender registered a 54 percent YoY growth in standalone profit at Rs 4,118 crore. Net interest income grew by 16.7 percent YoY to Rs 8,819 crore with credit growth of 15 percent and deposits growth of 19 percent for March 2022 quarter. Biocon The company reported a higher-than-estimated net profit … Read more