ONGC, Divi’s Labs, Apollo Hospitals: Oil and Natural Gas Corporation, Divis Laboratories, Apollo Hospitals, Motherson Sumi Systems, Star Health and Allied Insurance Company, Voltas, Ashok Leyland, Honeywell Automation India, Power Finance Corporation and NHPC are among the companies that will announce their December quarter results today.
Hero MotoCorp: The country’s largest two-wheeler manufacturer reported a 36.7 per cent decline in standalone net profit at Rs 686 crore for the quarter ended Dec 31, 2021, on the back of lower sales and a rise in commodity prices.
Dr Lal PathLabs: The diagnostics chain reported a consolidated net profit of Rs 58.2 crore in the third quarter ended in December 2021. The company had posted a consolidated net profit of Rs 95.9 crore in the same quarter last fiscal.
Tata Chemicals: The Tata Group’s chemical maker reported a 69.39 per cent growth in consolidated profit after tax (PAT) to Rs 340 crore for the quarter ended December 31, 2021. The company’s PAT had stood at Rs 200.72 crore during the corresponding quarter last year.
Zomato: The online food delivery platform reported narrowing of a consolidated net loss to Rs 67.2 crore for the third quarter ended December 31, 2021, on the back of better revenue growth. The company, which had posted a consolidated net loss of Rs 352.6 crore in the same quarter last fiscal.
Bharat Forge: The auto components major reported a consolidated net profit of Rs 422 crore in the third quarter ended December 31, 2021. The company had posted a consolidated net loss of Rs 210.45 crore in the same quarter last fiscal.
IRB Infrastructure Developers: The road and highway maker reported a 4.6 per cent rise in its consolidated net profit to Rs 72.68 crore for the quarter ended December 31, 2021. The company had clocked a Rs 69.48-crore net profit during the year-ago quarter.
Trent: Tata Group’s retail arm headed by Noel Tata reported a 79 per cent jump in standalone net profit to Rs 199 crore for the December 2021 quarter. The company had posted a profit of Rs 111 crore in the corresponding quarter last fiscal.
Sundram Fasteners: The company engaged in manufacturing of auto components reported a consolidated profit for the quarter ending December 31, 2021 at Rs 110 crore, the company said. The company had reported consolidated net at Rs 143.70 crore during same period of previous financial year.
Tata Steel Long Products: The Tata Steel subsidiary’s board has approved raising up to Rs 13,000 crore through issuance of non-convertible redeemable preference shares on private placement basis to parent firm Tata Steel. The funds raised would be used to meet the financial requirements to give effect to Tata Steel’s acquisition of Neelachal Ispat Nigam.
Carborundum Universal: The manufacturer of abrasives has reported consolidated profit for the quarter ending December 31, 2021 at Rs 110.91 crore, the company said. The part of the diversified conglomerate Murugappa Group, had reported consolidated net at Rs 86.62 crore during the corresponding quarter previous year.
Quess Corp: The business services provider reported a 93.47 per cent jump in consolidated profit after tax (PAT) to Rs 89 crore for the quarter ending December 31, 2021. The company’s PAT had stood at Rs 46 crore during the corresponding quarter of 2020-21.
Torrent Power: The Tata power has inked a share purchase agreement with Blue Diamond Properties and Balrampur Chini Mills to acquire 100 per cent stake in a 25 MW solar power plant at an enterprise value of Rs 163 crore. The company will acquire 100 per cent stake of Visual Percept Solar Projects Pvt Ltd, a special purpose vehicle.
IDFC First Bank: The Tourism Development Council Manali has authorised IDFC First Bank to collect the green tax by way of FASTag from motorists entering the city at toll plazas. The hill city in Himachal Pradesh is visited by around 50 lakh tourists every month.
Whirlpool of India: The Consumer durables maker reported 38.1 per cent decline in consolidated net profit at Rs 44.19 crore for December quarter 2021-22 on account of lower demand and input cost inflation. The company had posted a net profit of Rs 71.36 crore for the year-ago period.
Amara Raja Batteries: The auto parts maker said its consolidated net profit declined 25.25 per cent to Rs 145.30 crore in the third quarter ended December 31, 2021. The company had reported a net profit of Rs 193.69 crore in the corresponding quarter of the previous fiscal.
Strides Pharma Science: The pharma company reported a consolidated net loss of Rs 126.65 crore for the third quarter ended in December 2021. The company had posted a consolidated net profit of Rs 35.15 crore in the October-December period of the previous fiscal.
CAMS: The registrar and transfer agent for mutual funds reported a 37 per cent jump in its consolidated profit after tax to Rs 77.31 crore for the third quarter ended December 31. It had posted a profit after tax (PAT) of Rs 56.42 crore in the same quarter preceding fiscal.
Nuvoco Vistas Corp: The cement maker announced investment of Rs 1,950 crore, which includes Rs 1,500 for setting up a new project in Gulbarga, Maharashtra as part of its expansion plans The new facility will help it expand its footprints in the Western and Central India markets, said the Nirma Group company.
Manali Petrochemicals: The petrochemical manufacturing company reported consolidated profit after tax for the quarter ending December 31, 2021 at Rs 110.09 crore, the company said. The part of AM International, Singapore, had registered consolidated net at Rs 86 crore during corresponding quarter previous year.
Piramal Enterprises: The diversified global business conglomerate reported 11 per cent increase in consolidated net profit after tax at Rs 888 crore for the third quarter ended December 31, 2021. The company had posted a net profit of Rs 799 crore for the same period last fiscal year.
General Insurance Corporation of India: The general insurer reported a net loss of Rs 28.48 crore in the quarter ended December 2021, due to higher underwriting losses. It had posted a net profit of Rs 987.42 crore in the year-ago quarter.
Alembic Pharmaceuticals: The drug maker said its consolidated net profit declined by 39.93 per cent to Rs 176.42 crore for the third quarter ended in December 2021. The company had posted a net profit of Rs 292.57 crore for the same period of the previous fiscal.
Gulf Oil: The Lubes maker reported an eight per cent drop in profit after tax to Rs 58.63 crore for the December 2021 quarter. Gulf Oil had posted a PAT of Rs 64 crore in the corresponding quarter last year.
SJVN: The State-owned company posted a 19 per cent jump in its consolidated net profit to Rs 235.46 crore in the December 2021 quarter, mainly on the back of higher revenue. The company had reported a consolidated net profit of Rs 197.57 crore in the quarter ended December 31, 2020.
Schneider Electric Infrastructure: The manufacturer of wide range of electric products said its net profit rose 57 per cent to Rs 52.37 crore for the December quarter on the back of higher revenues. The company had reported a net profit of Rs 33.33 crore in the quarter ended December 31, 2020.
APM Terminals Pipavav: The private port operator posted a 19 per cent decline in net profit to Rs 43.76 crore in the December quarter over the same period year-ago. It had posted a net profit of Rs 54.32 crore in the quarter that ended December 31, 2020.
Reliance Power: The ADAG Group’s company reported a loss of Rs 13.93 crore for the December quarter, mainly due to lower revenues. The company had posted a consolidated net profit of Rs 52.29 crore for the quarter ended December 31, 2020.