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
Reliance Industries Reliance and Viacom18 announced a strategic partnership with Bodhi Tree Systems, which is a platform of James Murdoch’s Lupa Systems and Uday Shankar, to form one of the largest TV and digital streaming companies in India Indian Hotels CoThe company posted a net profit of Rs 74.19 crore in Q4 FY22 as compared … Read more
Schaeffler India The company recorded a massive 48.4 percent year-on-year growth in profit at Rs 207 crore for the quarter ended March 2022, driven by topline as well as operating performance. Revenue from operations rose 19 percent YoY to Rs 1,567.5 crore during the quarter and EBITDA grew by 45 percent in the same period. … Read more
Aarti Industries Life Insurance Corporation of India (LIC) acquired additional 2.24 lakh equity shares in the company through open market transactions on April 22. With this, LIC’s stake in the company stands increased to 5.03 percent, up from 4.97 percent earlier Mahindra CIE Automotive Profit in the quarter ended March 2022 grew by 1,499 percent … Read more
ICICI Bank The country’s second-largest private sector lender reported a 59.4 percent YoY growth in standalone profit at Rs 7,019 crore in the quarter ended March 2022 as compared to CNBC-TV18 Poll estimate of Rs 6,629.7 crore. Net interest income grew by 21 percent YoY to Rs 12,604.6 crore in Q4FY22 Tata Motors The auto … Read more
HCL Technologies The IT firm reported a 226 percent YoY jump in net profit at Rs 3,593 crore for the fourth quarter ended March 31, 2022. In the corresponding quarter last year, the company posted a net profit of Rs 1,102 crore. CNBC-TV18 Poll had predicted a profit of Rs 3,334 crore for the quarter … Read more