Results on May 26
Hindalco Industries, Motherson Sumi Systems, Muthoot Finance, Zee Entertainment Enterprises, Aarti Surfactants, Oberoi Realty, Aban Offshore, AllCargo Logistics, Ansal API, Astrazeneca Pharma, Berger Paints, Colgate Palmolive India, Cummins India, Good Year India, Gujarat State Fertilizers Corporation, India Glycols, Jet Airways, Kirloskar Industries, Chemcon Speciality Chemicals, NMDC, Page Industries, Prestige Estate Projects, Quess Corp, Shalimar Paints, and Sudarshan Chemicals will be in focus on May 26 ahead of their March quarter earnings.
Stocks in News
The state-owned Power Finance Corporation (PFC) has reported a 10 percent year-on-year increase in its consolidated profit to Rs 4,296 crore for the quarter ended March 2022. The consolidated revenue for the company witnessed a modest improvement of 4 percent on year to Rs 18,853 crore. Lower finance cost and lower impairment on financial instruments, more than compensated for the higher loss on transaction exchange. The company has declared a final dividend of Rs 1.25 per share of Rs 10 each in addition to a dividend of Rs 10.75 already paid during FY2021-22.
NHPC, the hydro-electricity generating company reported a 6.8 percent YoY rise in its consolidated net profit to Rs 515 crore aided by deferred tax credit of Rs 87.8 crore against a deferred tax expense of Rs 394 crore during the same period last year. The consolidated revenue for the company inched higher by 4 percent on year to Rs 1,674 crore. The company has recommended a final dividend of Rs 0.5 per equity share of Rs 10 each which is in addition to the dividend of Rs 1.31 per equity share already paid for FY22.
Suzlon Energy net loss widens 261 percent to Rs 204.3 crore for the March quarter as against a loss of Rs 56.7 crore during the last year period impacted by higher tax expenses. The consolidated profit, however, more than doubled to Rs 2,478.8 crore from Rs 1,141 crore reported in the corresponding period of last year.
Nahar Spinning Mills reported a 69 percent jump in its profit for the quarter to Rs 107.2 crore as against a profit of Rs 63.4 crore in the March 2021 quarter. The growth was aided by robust demand and better realisation for yarn during the quarter. The revenue for the reported quarter improved 37.2 percent to Rs 999.37 crore compared to Rs 728.4 crore in the previous year.
Coal India consolidated profit surges 46.3 percent for the quarter to Rs 6,715 crore as against a profit of Rs 4,589 crore during the same period last year. The revenues were higher by 22.5 percent at Rs 32,707 crore compared to Rs 26,700 crore in the previous year. The growth was aided by higher production and offtake coupled with the increase in average realisations. The company has recommended a final dividend of Rs 3 per equity share of Rs 10 each for the financial year 2021-22.
Praj Industries' profit after tax rises 10.8 percent YoY to Rs 57.65 crore for the quarter ended March 2022 as against a PAT of Rs 52.01 crore during the same period of last year. The revenues for the quarter jumped 46.2 percent on year to Rs 829 crore. The company has declared a final dividend of Rs 4.2 per equity share of Rs 2 per share for FY 2021-22.
MOIL reported a 13 percent year-on-year jump in its net profit to Rs 131 crore as compared to a profit of Rs 116 crore during the last year period aided by lower inventory costs and lower other expenses. The revenues for the quarter increased marginally by 4 percent to Rs 467.9 crore.
Torrent Pharma declared a dividend of Rs 23 (460 percent) per share of Rs 5 each including a special dividend of Rs 15 per equity share. The pharma major also announced a bonus issue of 1:1 i.e. one equity share for each fully paid-up equity share held. Consequent to the bonus issue, the total paid-up share capital will be Rs 169.22 crore from the existing Rs 84.62 crore.