Results scheduled for 2nd May
Prior to the release of quarterly earnings on May 2, attention will be focused on Tata Steel, UCO Bank, Ambuja Cements, Sasken Technologies, Cigniti Technologies, DCM Shriram, Varun Beverages, Fino Payments Bank, Home First Finance Company India, Astec Lifesciences, Mold-Tek Technologies, KEI Industries, Birla Cable, Sasken Technologies.
Adani Green
According to Adani Green Energy’s Consolidated Quarterly Results for March 31, 2023, the company’s total income has increased from Rs. 2558 Crores as of December 31, 2022, to Rs. 2988 Crores as of March 31, 2023. The company’s net profit has decreased from Rs. 103 Crores as of December 31, 2022, to Rs. 507 Crores as of March 31, 2023. However, Adani Green Energy’s earnings per share (EPS) have improved, rising from Rs. 0.47 on December 31, 2022, to Rs. 3.02 on March 31, 2023, as per the company’s statement.
NTPC
A supplemental joint venture (JV) agreement was signed between NTPC Ltd. and Nuclear Power Corporation of India Ltd. (NPCIL) on May 1, to advance nuclear power projects in India. As per NTPC’s statement, the Chutka Nuclear Power Project in Madhya Pradesh and the Mahi Banswara Nuclear Power Project in Rajasthan are two pressurised heavy-water reactor (PHWR) projects identified as fleet-mode nuclear projects. NTPC, which is India’s largest power producer, aims to produce 2,000 MW of nuclear energy by 2032, 4,200 MW by 2035, and ultimately 20,000 MW by 2050.
Maruti Suzuki
Maruti Suzuki India (MSI) released a statement on Monday stating that the total wholesales for April increased by 7% to 1,60,529 units. In April 2022, the nation’s largest automaker had delivered 1,50,661 vehicles to dealers. In addition, MSI said that the company’s domestic sales in April increased 9% from the same month the previous year, with 1,43,558 units sold as opposed to 1,32,248 in April 2022.
Tata Motors
According to data given by Tata Motors Limited on Monday, the business sold 69,599 vehicles in April 2023, down 4% from the same month in the previous year when it sold 72,468 units.
SBI Cards
SBI Cards announced a rise in total income from Rs. 3656.15 Crores as of December 31, 2022, to Rs. 3916.57 Crores as of March 31, 2023 in its Consolidated Quarterly Results for March 31, 2023. According to a statement from the firm, as of March 31, 2023, the net profit has dropped from Rs. 509.46 Crores as of December 31, 2022, to Rs. 596.47 Crores. The profits per share (EPS), which increased from Rs. 5.36 on December 31, 2022, to Rs. 6.28 on March 31, 2023, have increased in spite of the decline in net profit.
RBL Bank
Consolidated Quarterly Results for March 31, 2023 are released by RBL Bank. As of March 31, 2023, RBL Bank expects its total revenue to rise from Rs. 3091.68 crores on December 31, 2022, to Rs. 3299.97 crores. As of March 31, 2023, the company’s net profit was Rs. 298.57 Crores as opposed to Rs. 224.80 Crores as of December 31, 2022. According to the company’s announcement, the profits per share (EPS) have risen, rising from Rs. 3.73 on December 31, 2022, to Rs. 4.95 on March 31, 2023.
IDBI Bank
Consolidated Quarterly Results for March 31, 2023 are released by IDBI Bank. As of March 31, 2023, IDBI Bank expects its total revenue to rise from Rs. 6152.43 crores on December 31, 2022, to Rs. 7133.43 crores. As of March 31, 2023, the company’s net profit stood at Rs. 1216.81 Crores as opposed to Rs. 944.82 Crores as of December 31, 2022. According to the company’s announcement, the profits per share (EPS) have risen, rising from Rs. 0.88 on December 31, 2022, to Rs. 1.13 on March 31, 2023.
Biocon
Health Products Regulatory Authority (HPRA), Ireland, the representative European inspection authority, has granted a Certificate of GMP Compliance for an additional product, the biosimilar bevacizumab, to subsidiary Biocon Biologics’ integrated, multi-product, monoclonal antibodies (mAbs) Drug Substance manufacturing facility (B3) at Biocon Park in Bengaluru. B3 facility acquired the EU GMP Certification for producing biosimilars last year.
Mahindra Finance
Consolidated Quarterly Results for March 31, 2023 are released by Mahindra Finance. Mahindra Finance reported that as of March 31, 2023, total revenue will grow from Rs. 3352.82 Crores as of December 31, 2022, to Rs. 3536.35 Crores. As of March 31, 2023, the company’s net profit was Rs. 681.33 Crores, down from Rs. 661.43 Crores as of December 31, 2022. According to the company’s announcement, the profits per share (EPS) have risen, rising from Rs. 5.35 on December 31, 2022, to Rs. 5.51 on March 31, 2023.
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