Stocks in news: Zomato, LIC, M&M, HAL, Adani group companies

The February futures contract of Nifty 50 traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 93 points or 0.53% lower around 7 am.

A slew of stocks will be in focus due to the following reasons:

Zomato
Food delivery giant Zomato's net loss widened to Rs 347 core compared with a loss of 63 crore a year ago. Consolidated revenue from operations surged 75% on year to Rs 1,948 crore.

LIC
Life Insurance Corp (LIC) of India on Thursday posted multi-fold growth in consolidated net profit at Rs 8,334 crore for the December 2022 quarter, compared with just Rs 211 crore in the corresponding quarter of last year.

Adani Total Gas
Adani Total Gas posted 17% growth in consolidated net profit at Rs 150 crore for the December quarter. Revenue from operations rose 27% year-on-year to Rs 1,185 crore for the quarter under review.

HAL
Hindustan Aeronautics reported a consolidated net profit of Rs 1,155 crore for the December quarter as against Rs 933 crore in the same quarter of last year. Revenue from operations came in at Rs 5,666 crore for the quarter under review.

Adani group stocks
Index provider MSCI said it had determined that some Adani securities should no longer be designated as free float after market participants raised concerns about the eligibility of the Indian conglomerate's companies for some of its indexes. Changes for Adani securities associated with its MSCI Global Investable Market Indexes were announced late on Thursday.

HPCL
Hindustan Petroleum Corporation posted net profit of Rs 172 crore for the third quarter, which is lower than Rs 869 crore profit clocked in the year-ago period. The average gross refining margins for April-December period came in at $11.40 per bbl.

Voltas
The company's consolidated total income for the December quarter was higher by 12% year-on-year at Rs 2,036 crore. The company has reported a loss of Rs 110 crore for the third quarter.

Pfizer India
Pfizer India has appointed Meenakshi Nevatia as an Additional Director and the Managing Director of the company for a period of five years with effect from April 3. The company's net profit came in at Rs 151 crore.

Suzlon Energy
The company's net profit has more than doubled in the December quarter to Rs 78 crore, registering a growth of 107% year-on-year. Revenues during the quarter stood at Rs 1,449 crore.

United Breweries
United Breweries has reported a net loss of Rs 1.9 crore for the December quarter, compared with a net profit of Rs 91 crore in the year-ago period. The company's revenue from operations came in at Rs 3,700 crore for the quarter under review.

Ujjivan Financial Services
Ujjivan Financial Services posted a net profit of Rs 220 crore for the December quarter as against a loss of Rs 151 crore in the corresponding quarter of last year. The company's net interest income rose 69% year-on-year to Rs 753 crore.

Sula Vineyards
The company's net profit rose 15% year-on-year to Rs 39 crore during the three months ended December period, when revenue from operations increased 14% to Rs 209 crore

Indian Overseas Bank
Indian Overseas Bank posted a net profit of Rs 555 crore during the December quarter, which is higher than Rs 454 crore clocked in the year-ago period.

Mahindra and Mahindra
The company will announce its third quarter results today. Strong sales volume in both the automotive and tractor segments is likely to help M&M put up a good show in the quarter ended December.