HDFC Bank, ICICI Bank, PVR, Nazara Tech and others
Domestic stock markets ended the week lower, thanks to selling sparked by hawkish commentary from Fed boss Jerome Powell. A flop show by index heavyweights in the March quarters also hurt sentiment. Yesha Shah, Head of Equity Research, Samco Securities | Market sentiment this week will be driven primarily by quarterly results and monthly expiration. As Covid cases increase in parts of the country, the pace of the spread will be closely monitored. On a global scale, the evolution of Treasury bill yields and the dollar index, coupled with the evolution of the conflict between Ukraine and Russia, will influence the evolution of the market. While no other major national or global macroeconomic events are expected during the week, the factors highlighted above will keep the market choppy. Investors are urged to navigate cautiously and avoid aggressive trading.
Results on April 25
Tatva Chintan Pharma Chem, Tata Investment Corporation, Century Textiles & Industries, Eveready Industries India, Gujarat Mineral Development Corporation, Mahindra CIE Automotive, Meghmani Finechem, Arihant Capital Markets, Artson Engineering, Automotive Stampings & Assemblies, Axita Cotton, Divyashakti, Maharashtra Scooters, Snowman Logistics, Steel Exchange India, Sylph Technologies, Triveni Enterprises and VTM.
ICICI Bank reports a 59% increase in profits year-on-year. The country’s second-largest private sector lender reported a 59.4% year-on-year growth in autonomous profit to Rs 7,019 crore in the quarter ended March 2022 following a sharp drop in provisions and an increase in operating profit. Net interest income increased by 21% year-on-year to Rs 12,604.6 crore in Q4FY22 and also supported profitability. The company declared a dividend of Rs 5 per share.
HDFC Bank Board of Directors Declares Dividend. The country’s biggest private sector lender said the board had declared a dividend of Rs 15.50 per share for the financial year ending March 2022.
Nazara Tech completes purchase of Paper Boat Apps. The company has completed the acquisition of a stake in Paper Boat Apps Private Limited for nearly Rs 10 crore. Its subsidiary Nodwin Gaming has bought a 35% stake in Brandscale Innovations for Rs 10.01 crore.
RailTel Corporation of India
The public telecommunications infrastructure provider has received a work order from the electronics and information technology department of the Odisha government. The company will provide secondary bandwidth provisioning and equipment replacement as well as implement the SDWAN project for OSWAN for five years at a cost of Rs 122.08 crore.
The company reported a 30% year-on-year decline in Q4FY22 profit to Rs 52.5 crore due to higher input costs, but was buoyed by revenue from the sale of land in Maharashtra. However, revenue increased by 22% to Rs 808 crore from the prior year quarter.
The maker of telecommunications and networking products recorded a loss of Rs 49.62 crore in the quarter ended March 2022 compared to a profit of Rs 33.55 crore a year ago due to a growth in lower income. Revenue fell sharply by 37% to Rs 126.5 crore from Rs 201.5 crore in the period due to global chip supply shortages, but rose sequentially by 18%. The company continued to see positive business momentum, with an influx of orders of Rs 316 crore during the quarter, pushing the total order book to a record high of Rs 1,175 crore.
Aditya Birla’s Money
Profit more than doubled to Rs 7.62 crore in the March quarter from Rs 3.68 crore in the same period a year earlier. Revenue rose 23.2% to Rs 60.4 crore year-on-year, driven by brokerage business which contributed 87% to the prize pool.
The company reported 18% year-on-year growth in consolidated profit to Rs 2,928 crore in Q4FY22, driven by higher revenue and healthy operating profit and margin. Revenue in the quarter increased by 26.6% YoY to Rs 8,797, largely driven by the zinc business which grew 51% YoY.
Future retail and addiction sectors
The $3.4 billion deal to take over the retail assets of Future Retail (FRL) cannot be implemented because the company’s secured creditors have “voted against the project”, Reliance Industries told reporters. scholarships.
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