Results on May 2
HDFC, Britannia Industries, Alembic Pharmaceuticals, Astec Lifesciences, Adani Wilmar, Castrol India, CG Power and Industrial Solutions, Devyani International, Dwarikesh Sugar Industries, EIH Associated Hotels, IDBI Bank, Inox Leisure, JBM Auto, Jindal Stainless, Mahindra & Mahindra Financial Services, Mahindra Holidays & Resorts India, Meghmani Organics, NGL Fine-Chem, Olectra Greentech, Saregama India, Shakti Pumps (India), and Surana Solar will release quarterly earnings on May 2.
Stocks in News
Wipro: The IT services company clocked a 3.1 percent sequential increase in dollar revenue at $2,721.7 million for the quarter ended March 2022 and revenue in constant currency grew at 3.1 percent QoQ. Wipro expects 1-3 percent sequential growth in Q1FY23 revenue at $2,748-2,803 million. Profit during the March 2022 quarter grew by 3.98 percent QoQ to Rs 3,087.3 crore and revenue increased by 2.68 percent QoQ to Rs 20,860 crore in Q4FY22.
IndusInd Bank: The private sector lender registered 55.4 percent year-on-year growth in profit at Rs 1,361.4 crore for the quarter ended March 2022 as provisions declined 21.5 percent with an improvement in asset quality performance. Net interest income grew by 12.7 percent YoY to Rs 3,985.16 crore in Q4.
Yes Bank: The private sector lender reported a profit of Rs 367 crore in Q4FY22 against a loss of Rs 3,788 crore in the corresponding quarter of the previous fiscal, driven by a sharp downtick in provisions, strong net interest income, and pre-provision operating profit (PPoP) with an improvement in asset quality performance. For the full year, it reported a profit for the first time since FY19, at Rs 1,066 crore against a loss of Rs 3,462 crore in FY21 and a loss of Rs 22,715 crore in FY20, but net interest income (NII) declined 12.5 percent to Rs 6,498 crore compared to the previous year.
Usha Martin: The company clocked a 60.1 percent year-on-year growth in consolidated profit at Rs 108.7 crore in Q4FY22 driven by subsidy of Rs 31.18 crore from the Jharkhand government, and topline. Revenue during the quarter grew by 17.4 percent to Rs 766.56 crore YoY.
GHCL: The company clocked a healthy 144 percent year-on-year growth in Q4FY22 profit at Rs 271.3 crore despite rising input cost, led by strong topline and operating income. Revenue during the quarter grew by 77 percent to Rs 1,273.3 crore compared to the year-ago period.
Just Dial: The local search engine company recorded a 34 percent year-on-year decline in profit at Rs 22.1 crore for the quarter ended March 2022 hit by lower topline and operating loss. Revenue from operations stood at Rs 166.7 crore for the quarter, down 5.1 percent compared to the year-ago period but total traffic of unique visitors) for the quarter at 144.8 million grew by 12.2 percent YoY and total active listings at 31.9 million increased by 4.9 percent YoY, while active paid campaigns at the end of the quarter stood at 4,61,495, which rose by 0.9 percent YoY.
Tanla Platforms: The largest CPaaS provider reported a 37 percent year-on-year growth in profit at Rs 140.6 crore on strong topline and operating performance. Revenue increased by 32 percent year-over-year to Rs 853.1 crore and operating income grew by 37 percent to Rs 184.1 crore compared to the year-ago period.