The market wiped out all of its gains in the last hour of trading and continued its downward trend for a third straight session on May 10, weighed down by metals, technology stocks and index heavyweight Reliance Industries. Weak Asian counterparts and the depreciation of the rupee also weighed on sentiment. The BSE Sensex fell 106 points to 54,365, while the Nifty50 fell 62 points to 16,240.
Adani Ports, Punjab National Bank, Indian Bank, Petronet LNG, Balaji Amines, Birla Corporation, HSIL, JSW Ispat Special Products, Kalyan Jewelers India, Kennametal India, KSB, Lakshmi Machine Works, Lloyds Steels Industries, NCC, Skipper, Prism Johnson, Relaxo Footwears, Sagar Cements, SKF India, Butterfly Gandhimathi Appliances, Century Enka, Cholamandalam Financial Holdings and DIC India will report their quarterly results on May 11.
The pharmaceutical company reported a 10 percent year-over-year decline in consolidated profit of Rs 370.7 crore in the quarter ended March 2022, impacted by lower revenue and impairment charges related to investments in associate company Avenue Therapeutics Inc. quarter grew 14.2 percent to Rs 5,260.33 crore compared to the same period a year ago, while EBITDA fell 6 percent to Rs 750 crore in the same period.
The telecom operator posted a consolidated loss of Rs 6,563.1 crore in the quarter ended March 2022, which narrowed compared to a loss of Rs 7,230.9 crore in the previous quarter, supported by higher revenue and ARPU. Revenue during the quarter at 10,239.50 rupees rose 5.4 percent qoq, helped by rate increases in November 2021, with subscribers reaching 24.38 crore as of March 2022. EBITDA grew 22 percent qoq to 4,649 rupees and margin improved by 610 bps qoq to 45.4 percent in Q4FY22 with average revenue per user rising Rs 9 sequentially during the quarter to Rs 124.
The company recorded a consolidated loss of Rs 487.4 crore in Q4FY22 against a profit of Rs 398 crore in the same period last year, impacted by an additional write-down of Rs 1,300 crore related to DGEN Mega Power Project. Operating revenue increased 21 percent year-on-year to Rs 3,744 crore in Q4FY22 and EBITDA increased 15 percent year-on-year to Rs 1,088 crore in the same quarter.
The company has signed and executed a contract with Meghna Pulp & Paper Mills, received on May 9. It will supply GCC, GCC coating factory, vibrator separating machine with standard accessories including motor, conveyor, panel etc and spare parts for GCC and GCC coated machine to Meghna Pulp.
The company posted 27.6 percent year-over-year growth in consolidated profit of Rs 444.4 crore in the quarter ended March 2022, despite higher input costs, led by strong sales and operating income. Sales increased 36.5 percent to Rs 4,773.4 crore during the same period.
The company reported a 14.2 percent year-over-year decline in consolidated profit of Rs 50.1 crore in the quarter ended March 2022, impacted by higher input costs. Revenue grew 8.6 percent to Rs 880.2 crore during the same period.
The IT services company has extended its strategic agreement with Crédit Agricole CIB, the business and investment banking division of Crédit Agricole Group, to support the transformation of its IT infrastructure.
The company reported a 62 percent year-on-year decline in consolidated profit of Rs 51.25 crore in the quarter ended March 2022, impacted by lower operating income, lower other revenues and moderate revenue growth. Revenue grew 4.3 percent to Rs 2,227 crore in the same period and EBITDA increased 29.3 percent to Rs 226.5 crore.
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