October 1, 2022
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SBI, Larsen & Toubro, Eicher Motors, Vodafone and others

By on May 13, 2022 0

The market appears to be in a complete bear trap, with benchmarks falling more than 2% on May 12, shaken by selling across all sectors. Worries over global growth, higher-than-expected US inflation and a shrinking UK economy weighed on sentiment among global peers, including India. The BSE Sensex plunged 1,158 points to 52,930, while the Nifty50 plunged 359 points to 15,808 – continuing the downward trend for the fifth consecutive session.

Results on May 13 and 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 will publish quarterly May 13 results.

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 report results on 14 may.

Larsen & Toubro: The major engineering and infrastructure company posted 10% year-on-year profit growth to Rs 3,621 crore in the quarter ended March 2022, with revenue rising by 10% to Rs 52,851 crore and EBITDA up by 2.1% to Rs 6,520.5 crore compared to the period a year ago. Order intake increased by 46% year-on-year to reach Rs 73,941 crore in Q4FY22.

Tata Motors

The company recorded a loss of Rs 1,032 crore in Q4FY22, which was down from the loss of Rs 7,605 crore in the same period last year. Revenue in the quarter fell 11.5% to Rs 78,439 crore YoY, impacted by subsidiary Jaguar Land Rover, whose fourth quarter revenue fell 27.1% year-on-year to 4.8 billion pounds sterling amid shortages of semiconductors and disruptions in European and Chinese affairs.

India Tube Investments

The company recorded a phenomenal 57.5% year-on-year growth in consolidated profit to Rs 225 crore in the quarter ended March 2022, driven by operating profit and revenue higher. Revenue increased by 25% to Rs 3,415 crore from the prior year period.

Apollo tires

The tire maker reported a 60.5% year-on-year decline in its consolidated profit to Rs 113.5 crore in Q4FY22, due to higher input costs and the decline in other income. Revenue increased by 11% to Rs 5,578.3 crore from the prior year period.

Siemens

The company reported 2.6% year-on-year growth in consolidated profit to Rs 340 crore in the quarter ended March 2022 with EBITDA up 6.1% to Rs 484.8 crore and revenue up 13.5% to Rs 3,954.7 crore from a year ago. period. Rising input costs, financial costs and other expenses affect profitability.

Marriage.com

The company, in an ESB filing, said the board had approved the buyback of 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% drop in year-on-year profit to Rs 127 crore in the quarter ending March 2022, due to higher provisions. Net interest income increased by 48% to Rs 544 crore and pre-provision operating profit increased by 40% to Rs 217 crore from the prior year period.

Windlas Biotech

The company recorded a 151% year-on-year growth in profit to Rs 14.8 crore in the quarter ended March 2022, driven by operating profit and revenue. Revenue increased by 14.3% year-on-year to Rs 122.1 crore and EBITDA increased by 28.7% to Rs 14.3 crore from the prior year period.

Warning:Disclaimer: The views and investment advice of the experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before making any investment decision.

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