Results on May 30
Life Insurance Corporation of India, Jubilant Foodworks, Sun Pharma, Aurobindo Pharma, Campus Activewear, IRCTC, Coffe Day Enterprises, LT Foods (Daawat), Dilip Buildcon, DCM Shriram Industries, Delhivery, Dhampur Sugar, Dhani Services, Dish TV, Dixon Technologies, Dredging Corporation of India, Eureka Forbes, Jindal Steel & Power, Lux Industries, Mazagon Dock Shipbuilders, Mawana Sugar, Mcleod Russel, Medplus Health, Natco Pharma, Prudent Corporate Advisory Services, Radico Khaitan, Stove Kraft, and Wockhardt will be in focus ahead of March quarter earnings.
Stocks in News
Adani Defence Systems and Technologies, a wholly owned subsidiary of Adani Enterprises, has signed definitive agreement to acquire 50 percent stake in General Aeronautics. Adani Defence Systems and Technologies Limited shall leverage its military drone and AI/ML capabilities and work with General Aeronautics for providing end to end solutions for agriculture sector. General Aeronautics provides robotic drones and drone based solutions for crop protection services, crop health, precision- farming and yield monitoring using artificial intelligence and analytics for the agricultural sector.
Arvind Fashions' Q4 revenue rose 34 percent YoY to Rs 917 crore as compared to Rs 685 crore, led by a strong bounce back in demand and strong footfalls, reflected in 20 percent like to like (LTL) growth in February-March 2022. The company reported a marginal profit of Rs 1 crore as compared to a loss of Rs 45 crore during the same period last year.
TCI Express' Q4 profit fell 15.6 percent YoY to Rs 35.93 crore, compared to Rs 42.57 crore in the prior year period. The regional restrictions due to COVID, impacted the performance of the company. However, revenue for the quarter improved by 7.3 percent to Rs 300 crore as compared to Rs 280 crore last year. The company recommended a dividend of Rs 2.00 per equity share of Rs 1 each for the financial year ended March 31, 2022.
Welspun Corp's Q4 profit slumped 30.4 percent year-on-year to Rs 263.5 crore as compared to a profit of Rs 379 crore in the year ago period, due to higher global energy prices and rise of commodity prices. Revenue for the quarter dipped marginally by 1.2 percent on year to Rs 2,011 crore as compared to Rs 2,035 crore a year ago. The company has recommended a final dividend of Rs 5 per share for FY22.
HUDCO's Q4 consolidated net profit jumped 42 percent YoY to Rs 746.85 crore for the March ending quarter as compared to Rs 526.28 crore during the same period last year, aided by lower finance costs and impairment credit. Revenue for the housing development company remained flat with a marginal decline of 1.8 percent to Rs 1,727 crore as compared to 1,759 crore during the prior year period.
Sun TV Network's Q4 consolidated net profit fell 16 percent to Rs 410 crore as compared to Rs 488 crore due to higher operating and other expenses. The revenue for the quarter inched higher by 7 percent to Rs 857 crore compared to Rs 803 crore during the prior year period.
FSN E-Commerce (Nykaa) Q4 profit fell 33 percent YoY to Rs 413 crore compared to Rs 616 crore last year, due to steep rise in marketing and other operating expenses. Revenue came in higher by 55 percent on year to Rs 3,774 crore.
JSW Steel's consolidated Q4 profit declined 23 percent YoY to Rs 3,234 crore as against Rs 4,198 crore during the prior year period due to surge in cost of raw materials, power & fuel, other expenses and inventory costs. Consolidated revenue rose 74 percent on-year to Rs 46,895 crore as compared to a net revenue of Rs 26,934 crore registered in the year-ago quarter. The company has recommended a dividend of Rs 17.35 per equity share of Rs 1 each for the year ended 31 March 2022.
United Spirits' Q4 consolidated profit fell 12 percent YoY to Rs 178.6 crore compared to Rs 203 crore earned during the same period last year, due to higher raw material and marketing expenses. Revenue remained flat with a marginal growth of 1.2 percent to Rs 7,767 crore as compared to Rs 7,678 crore last year.