The market appears to be in a complete bear trap as benchmark indices fell more than 2 percent on May 12, dented by sales across several sectors. Concerns about global growth, higher-than-expected US inflation and the contraction of the UK economy weighed on sentiment in global counterparts, including India. The BSE Sensex fell 1,158 points to 52,930, while the Nifty50 fell 359 points to 15,808 – continuing the downward trend for the fifth straight session.
Results on May 13 and May 14
State Bank of India, Eicher Motors, Tech Mahindra, Bank of Baroda, Bandhan Bank, Union Bank of India, Alkem Laboratories, Emami, Escorts, Hindustan Aeronautics, JK Paper, Linde India, Nazara Technologies, Amber Enterprises India, APL Apollo Tubes, Balkrishna Industries, Carborundum Universal, CESC, Coromandel Engineering Company, DB Corp, Elgi Equipments, Gujarat Fluorochemicals, REC, Reliance Infrastructure, Reliance Power, Sharda Cropchem, Sigachi Industries, Steel Strips Wheels, Triveni Turbine, UCO Bank and Vakrangee to release quarterly earnings on May 13.
Avenue Supermarts, Heranba Industries, Affle (India), Anant Raj, GPT Infraprojects, Kalpataru Power Transmission, Neogen Chemicals, Share India Securities, Transformers, and Rectifiers (India), Triveni Engineering & Industries, TVS Electronics, and Vinati Organics will be released quarterly win on May 14.
Larsen & Toubro: The engineering & infrastructure major reported a 10-percent year-over-year profit growth from Rs 3,621 crore in the quarter ended March 2022, with revenue up 10 percent to Rs 52,851 crore and an EBITDA rising 2.1 percent to Rs 6,520.5 crore compared to a year ago. Order inflow grew 46 percent year-on-year to Rs 73,941 crore in Q4FY22.
Tata Motors
The company recorded a loss of Rs 1,032 crore in Q4FY22, which was smaller than the loss of Rs 7,605 crore in the same period last year. Sales fell 11.5 percent during the quarter to Rs 78,439 crore year-on-year, impacted by subsidiary Jaguar Land Rover, whose fourth-quarter sales fell 27.1 percent year-on-year to £4.8 billion due to a shortage of semiconductors and disruption of European and Chinese affairs.
Pipe Investments of India
The company posted a whopping 57.5 percent year-over-year growth in consolidated profit of Rs 225 crore in the quarter ended March 2022, driven by higher operating income and sales. Revenue grew 25 percent to Rs 3,415 crore compared to the same period a year ago.
Apollo tires
The tire maker reported a 60.5 percent year-over-year decline in consolidated profit of Rs 113.5 crore in Q4FY22, dented by higher input costs and lower other revenues. Sales grew 11 percent to Rs 5,578.3 crore compared to the same period a year ago.
Siemens
The company reported 2.6 percent year-over-year growth in consolidated profit of Rs 340 crore in the quarter ended March 2022, with EBITDA increasing 6.1 percent to Rs 484.8 crore and revenue growing by 13.5 per cent to Rs 3,954.7 crore compared to a year ago period. Higher input costs, financial costs and other costs depress profitability.
marriage.com
The company said in a BSE filing that the board has agreed to buy back shares worth up to Rs 75 crore from the company at a price of Rs 1,150 per share.
Ujjivan Small Finance Bank
The bank reported a 7 percent year-over-year profit decline from Rs 127 crore in the quarter ended March 2022, affected by higher provisions. Net interest income rose 48 percent to Rs 544 crore and operating profit before provision increased 40 percent to Rs 217 crore compared to the same period a year ago.
Windlass Biotech
The company reported an annualized profit growth of 151 percent from Rs 14.8 crore in the quarter ended March 2022, driven by operating profit and sales. Revenue grew 14.3 percent year-on-year to Rs 122.1 crore and EBITDA increased 28.7 percent to Rs 14.3 crore compared to the same period last year.
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