FIIs' favorite names and heavyweights like HDFC twins, ICICI Bank, Infosys, Kotak Bank, and Reliance Industries saw sharp cuts
Interest margins improve; provisions & contingencies fall sharply
HDFC, HDFC Bank, HDFC AMC and HDFC Life were underperforming the market by falling in the range of 3 per cent to 4 per as against a 1.7 per ent decline in the S&P BSE Sensex.
Shares of Bank of Baroda can jump 15% as it claimed a new 52-week high
In the past six months, the stock has shed nearly 30 per cent, as compared to a 7 per cent rise in the S&P BSE Sensex.
On outlook, GNFC said that the company is in a position to leverage boom in specific products and optimize, both, realization and profits, with flexible and multiple product basket.
Bayer Cropscience Ltd posted a net profit of Rs 84.8 crore for the third quarter of 2021-22 on better revenue and sale of its seed business.
Bayer Cropscience Ltd has reported a net profit of Rs 84.8 crore in the third quarter ended December 2021, despite unseasonal rains, crop infestations and a challenging corn season. The company had posted a net loss of Rs 45.1 crore in the corresponding quarter last fiscal. Net revenues rose to Rs 999.9 crore during the third quarter of the financial year 2021-22, compared with Rs 936.5 crore in the year-ago period. In a statement, the company said it has earned a profit of Rs 58.5 crore from the sale of its seed business to crystal crop protection on December 1, 2021. Expenses remained higher at Rs 940.6 crore, against Rs 830.4 crore in the said period. The company said it has incurred expenses in relation to the separation of employees arising from restructuring measures due to the amalgamation of Monsanto India Ltd with Bayer CropScience. Commenting on the performance, Bayer CropScience Executive Director Simon-Thorsten Wiebusch said the revenue has grown in the third quarter
Lender posts highest quarterly profit in Q3FY22, sees improvement in interest margins
Asset quality of the bank improved both sequentially and on a YoY basis; provisions of the lender fell over 27% to Rs 2,506 cr
CMS Info is the country's largest cash management company based on number of ATM points and the number of retail pick-up points as well as one of the largest ATM cash management companies worldwide
Most analysts are positive about Q3 results and guidance, with target prices ranging between Rs 200 and Rs 250
Q3 performance was led by strong demand/realisations in the chemicals business
IndiGo swung back into profit after registering seven consecutive quarters of loss thanks to a rebound in travel demand during the holiday season
The bank's NII declined by 18.7% to Rs 3,407 crore in reporting quarter
Airtel Africa reported a 54.4 per cent increase in profit after tax (PAT) to $180 million for the December 2021 quarter.
Revenues for the quarter dipped from Rs 1,823 crore to Rs 1,757 crore as sales volume dropped by 5.6%
Drugmaker Lupin reported a 24.45 per cent rise in its consolidated net profit at Rs 545.5 crore for the third quarter ended December 31
Battery and flashlights maker Eveready Industries India Ltd reported 51.41 per cent decline in consolidated net profit at Rs 23.71 crore for the third quarter ended December 31, 2021.
Shree Cements Ltd on Friday reported a decline of 23.57 per cent in its consolidated net profit at Rs 482.70 crore for the third quarter ended December 31, 2021. It had reported a net profit of Rs 631.58 crore in the October-December quarter a year ago, Shree Cements said in a filing to the BSE. Its revenue from operations was up 2.24 per cent at Rs 3,637.11 crore during the quarter under review as against Rs 3,557.21 crore in the corresponding quarter last fiscal. Shree Cements' total expenses were at Rs 3,131.12 crore, up 11.32 per cent in Q3/FY22, as against Rs 2,812.58 crore. Meanwhile, in a separate filing, Shree Cements informed that its board in a meeting held on Friday declared an interim dividend of Rs 45 per equity share of Rs 10 each for the financial year 2021-22. The company operates into the market with the brands -- Bangur Cement, Shree Cement, Shree Jung Rodhak and Rockstrong. Shares of Shree Cements Ltd on Friday settled at Rs 24,704 on the BSE, down 0.54 per cen