Adani Ports, Grasim, : Adani Ports & SEZ,
, Info Edge, Minda Industries, Phoenix Mills, , , , KIOCL, , , and are among the companies which will announce their March quarter earnings today.
Delhivery: The new age logistics company will make its Dalal Street debut on Tuesday. The company’s Rs 5,235 crore initial public offering (IPO) was open for subscription between May 11-13 as it sold its shares in the range of Rs 462-487. The issue received a muted response from the investors.
Venus Pipes and Tubes: The manufacturer of the steel pipes will also be listed on bourses on Tuesday after its Rs 165.42 crore IPO closed on May 13. The company sold its shares in the range of Rs 310-328 during the primary stake sale. The issue had received a strong responses from the investors.
Maruti Suzuki India: The largest carmaker in India will acquire an equity stake of 12.09 per cent in Sociograph Solutions Pvt Ltd (SSPL) for about Rs 2 crore. SSPL is an artificial intelligence (AI) software company, specialised in visual AI platforms.
Marico: The FMCG major said it has acquired a majority 54 per cent stake in the digital-first healthy breakfast and snacks brand True Elements for an undisclosed amount. The homegrown firm has acquired a 54 per cent equity stake in HW Wellness Solutions, which owns brand True Elements, through primary infusion and secondary buyouts.
Zomato: The online food delivery platform reported widening of its consolidated net loss at Rs 359.7 crore in the fourth quarter ended March 2022, impacted by higher expenses. The company had posted a consolidated net loss of Rs 134.2 crore in the same period of the previous fiscal.
Bharat Electronics: The defence sector play repored a 16 per cent drop in the net profit for March quarter to Rs 1140 crore. Revenue for the quarter fell 9 per cent from a year ago to Rs 6,320 crore.
Rupa & Company: The innerwear manufacturer has accepted the resignation of Dinesh Kumar Lodha as the Chief Executive Officer and Ramesh Agarwal as the Chief Financial Officer of the company, with effect from May 31. Agarwal will continue to hold the position of Whole Time Director of the company.
The Indian Hotels Company: The hotel chain is eyeing to build a portfolio of 300 hotels and strengthen and scale up new businesses, including Qmin, 7Rivers, ama Stays & Trails, under its Ahvaan 2025.
Natco Pharma: The drug maker said US-based FMC Corporation has filed a patent suit against it in the Delhi High Court. The company would like to update that FMC Corporation has filed a suit for a Process Patent IN 298645 in the Delhi High Court today.
The Ramco Cements: The cement products firm reported a decline of 45.22 per cent in consolidated net profit at Rs 118.27 crore for the fourth quarter ended March. The company had posted a net profit of Rs 215.92 crore during the March quarter of the previous fiscal.
Patel Engineering: The construction company reported a Rs 33.58 crore consolidated net profit in the March quarter, boosted by higher income. The company had reported a loss of Rs 145.95 crore in the January-March quarter of 2020-21 fiscal.
Best Agrolife: The agrochemical firm reported a nearly three-fold jump in its net profit at Rs 104.76 crore in FY 2022. Its net profit stood at Rs 37.08 crore in the 2020-21 financial year.
Olectra Greentech: The electric mobility player said it has bagged the biggest ever order worth Rs 3,675 crore for supplying 2,100 electric buses from Brihanmumbai Electric Supply & Transport (BEST).
has bagged the biggest ever order in its history for 2,100 electric buses from BEST,”
Jyothy Laboratories: Nalanda India Equity Fund bought FMCG company’s shares worth Rs 96 crore through an open market transaction. According to bulk deal data available with BSE, Nalanda India Equity Fund purchased 62,00,000 shares at an average price of Rs 154.98 apiece, taking the transaction size to Rs 96.08 crore.
Sintex Industries: The textiles maker reported narrowing of consolidated net loss to Rs 119.30 crore for fourth quarter ended March 2022. The company had incurred a net loss of Rs 144.05 crore during January-March period a year ago.
Thomas Cook India: The travel services firm reported widening of its consolidated net loss to Rs 50.3 crore in the fourth quarter ended March. The company had posted a net loss of Rs 20.23 crore in the corresponding period of the previous year.
: The Hyderabad-headquartered electronics manufacturer said it is looking to aggressively enter the domestic EV ecosystem in the ongoing fiscal amid plans to revitalize its existing business lines. The EV foray is in lines with the company’s strategy of growing the business efficiently through diversification.