Sensex, Nifty to edge up; SBI, L&T, Tata Motors, Tech Mahindra, BoB shares in focus
Shares to focus
Tata Motors: Continuing the losses in the fifth straight quarter, the auto giant reported a net loss of ₹1,033 crore for the January-March quarter compared to a ₹7,605 crore net loss during the same period last year. The revenue also fell 11% to ₹78,439 crore during the said quarter vs ₹88,627.90 crore during a year-ago period.
Larsen & Toubro (L&T): The engineering and construction major has posted a 10% year-on-year jump in consolidated net profit to ₹3,621 crore for the quarter ended March 2022, aided by large order wins from international customers. Consolidated revenue rose 10% year-on-year to ₹52,851 crore in the fourth quarter, according to its exchange filing.
Future Retail: The Mumbai bench of National Company Law Tribunal (NCLT) on Thursday gave more time to the Future Group company to file its reply to the insolvency petition moved by Bank of India against the company.
Ujjivan Small Finance Bank (SFB): The private lender on Thursday reported a 7% drop in its net profit to ₹126.5 crore for the last quarter of the fiscal ended in March 2022, as against ₹136 crore in the same quarter of the preceding fiscal year 2020-21. Total income during the quarter under review increased to ₹920 crore as against ₹735 crore in the year-ago period.
Poonawalla Fincorp Ltd (PFL): The financial services company reported a consolidated net profit of ₹119 crore in the fourth quarter ended March 2022 (Q4FY22), against a consolidated loss of ₹648 crore in Q4FY21. The company’s board recommended a dividend payment of 20% for FY22 subject to shareholder’s approval.
Aditya Birla Capital: The company on Thursday reported a YoY growth of 20% in its consolidated profit after tax at ₹450 crore in March quarter of 2022, while consolidated revenue rose 18% YoY to ₹6,962 crore.
Hindustan Construction Company (HCC): The company logged a 80.36% drop in consolidated net profit at ₹30.88 crore for the quarter ended March 31, 2022, against ₹157.28 crore in the year-ago period. Total income during the quarter under review stood at ₹2,946.16 crore, compared to ₹2,398.38 crore in the year-ago period.
Apollo Tyres: The tyre maker saw its consolidated net profit declining by 61% YoY to ₹113 crore for the fourth quarter ended March 2022. Revenue from operations rose by 11% YoY to ₹5,578 crore, as against ₹5,026 crore in the fourth quarter of FY21.
Kalpataru Power Transmission Ltd (KPTL): The engineering company and its subsidiaries have bagged new orders worth ₹4,474 crore.
Matrimony.com: The board of the company has approved to buyback shares worth up to ₹75 crore of the company, at a price of ₹1,150 per share.