Maruti Suzuki, Tata Motors, Vedanta, Nestlé and others

The market had a strong performance in the previous session, with benchmarks posting a percentage gain, on the back of widespread buying. He recouped all of the losses from the day before, before the July futures and options expired. The BSE Sensex jumped 548 points to 55,816, while the Nifty50 rose 158 points to 16,642.

Results today

Dr Reddy Laboratories, Nestlé India, SBI Life Insurance Company, Shree Cement, Jubilant FoodWorks, Vedanta, Bajaj Finserv, Punjab National Bank, Mahindra & Mahindra Financial Services, PNB Housing Finance, SBI Cards and Payment Services, TVS Motor Company, Shriram Transport Finance, Chalet Hotels, Equitas Small Finance Bank, CMS Info Systems, GHCL, AAVAS Financiers, Intellect Design Arena, Dr Lal PathLabs, Motilal Oswal Financial Services, Nippon Life India Asset Management, NIIT, NOCIL, RITES, Sona BLW Precision Forgings, TTK Prestige, and Westlife Development will be front and center ahead of the June quarter results on July 28.

Actions in brief

Tata Motors

Tata Motors recorded a consolidated loss of Rs 5,006.6 crore for the quarter ended June 2022, widening from the loss of Rs 4,450.92 crore in the same period last year due to the poor performance of JLR. Consolidated revenue from operations increased by 8.3% year-on-year to Rs 71,934.66 crore during the same period, driven by domestic business. Jaguar Land Rover revenue fell 7.6% quarter-on-quarter and 11.3% year-on-year to £4.4bn, impacted by semiconductor shortages and lockdowns in China, but the customer backlog further increased to 2 lakh vehicles.

Welsh India

The company reported an 11.6% year-on-year decline in consolidated revenue to Rs 1,957.3 crore for the quarter ended June 2022, impacted by the home textiles business, but the flooring business fared better. Earnings fell sharply by 90.4% to Rs 21.36 crore due to weak operating performance in the home textile business.


The pharmaceutical company posted 54.4% year-on-year growth in its consolidated profit to Rs 167.40 crore for the quarter ended June 2022, partly helped by higher income and other income and lower charges tax. Revenue increased by 21.5% to Rs 2,139.50 crore during the same period.

Exide Industries

Subsidiary Exide Energy Solutions (EESL) has signed the lease with sale agreement for the acquisition of a plot of land spanning 80 acres in Bengaluru with the Karnataka Industrial Areas Development Board (KIADB). The land will be used to set up a state-of-the-art, multi-gigawatt Li-ion battery cell manufacturing facility for new era electric mobility and stationary applications businesses in India.

VIP Industries

The company recorded healthy growth in its consolidated profit at Rs 69.10 crore in Q1FY23, on a weak profit base at Rs 2.53 crore in Q1FY22 which was affected by the second wave of Covid. Revenue grew by 186.4% year-on-year to Rs 590.61 crore during the same period.

Schaeffler India

The company reported a 76.2% year-on-year growth in profit to Rs 225.75 crore in Q2CY22, on the back of healthy revenue and higher operating profit. The gain on the sale of the chain drive business also supported net income. Revenue grew by 41.8% year-on-year to Rs 1,748.83 crore in the June quarter of 2022.


The company recorded a consolidated profit of Rs 65.86 crore for the quarter ended June 2022 on business normalization, compared to a loss of Rs 114.25 crore in the same period last year. In Q1FY22, the figures were affected by the second wave of Covid. Revenue grew 314% year-on-year to Rs 394.3 crore in the first quarter of FY23.

Hindustan Aeronautics

HAL has signed a contract worth over $100 million with Honeywell for HTT-40 motors. The company will supply and manufacture 88 TPE331-12B engines/kits along with maintenance and support services to power the Hindustan trainer aircraft (HTT-40).

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Garland K. Long