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SIS: The company recorded consolidated profit at Rs 97.4 crore for the quarter ended March 2022, down 4.7 percent compared to year-ago period on moderate growth in EBITDA and sharp downtick in other income. Revenue during the quarter grew by 8.3 percent YoY to Rs 2,648 crore and EBITDA increased by 0.9 percent to Rs 124.4 crore in Q4FY22, while the company crossed Rs 10,000 crore on full year basis in FY22, for the first time in its history.
Tata Consumer Products: The company clocked 304 percent year-on-year growth in consolidated profit at Rs 217.54 crore in the quarter ended March 2022 driven by growth in underlying profitability and lower exceptional costs. Revenue grew by 4.5 percent YoY to Rs 3,175.4 crore during the quarter, with 4 percent growth in topline in constant currency, supported by India branded business. Sivakumar Sivasankaran is appointed as Chief Financial Officer, India and as key managerial personnel of the company, in place of John Jacob, who is retiring from the services of the company.
ABB India: The company reported solid performance during the quarter ended March 2022, with profit growing 145 percent YoY to Rs 370 crore on strong topline and operating performance. Revenue during the first quarter of 2022 grew by 21 percent to Rs 1,968 crore compared to year-ago period. The company won orders worth Rs 2,291 crore in Q1CY22, up 25.5 percent YoY.
Havells India: The electrical equipment manufacturer clocked 16 percent year-on-year growth in Q4FY22 profit at Rs 352.48 crore driven by lower tax cost and higher topline. Revenue increased by 33 percent to Rs 4,426.3 crore compared to corresponding period last fiscal.
Dilip Buildcon: The company in a BSE filing said the road project 'four laning of Sangli- Solapur section of NH-166' in Maharashtra on Hybrid Annuity Mode' has been provisionally completed. The authority has issued Provisional Completion Certificate for the said project, saying the project fit for entry into commercial operation as on April 25, 2022.
Adani Total Gas: The Adani Group company reported a 44 percent year-on-year decline in consolidated profit at Rs 81 crore in quarter ended March 2022 impacted by higher cost of natural gas prices. However, revenue grew by 73 percent YoY to Rs 1,065.5 crore during the quarter on higher volume coupled with increase in sales price.
Cyient: The company has completed acquisition of 100 percent stake in Grit Consulting, Singapore.
CarTrade Tech: The company posted loss of Rs 21.39 crore for the quarter ended March 2022 against profit of Rs 15.95 crore in corresponding period last fiscal as there was a loss of Rs 25.94 crore at EBITDA level, against EBITDA profit of Rs 15.95 crore in same period last year. Revenue grew by 13.4 percent to Rs 93.1 crore during the same period.