Earnings Watch: JSW Metal, FSN E-Commerce Ventures (Nayaka), Jubilant Pharma, GAIL, Glenmark Pharma, Godrej Industries, PB Fintech (Coverage Bazaar) might be in focus forward of their This fall outcomes.

Paradip Phosphate: The nation’s second largest producer of non-urea fertilizers and DAP ((Diamonium Phosphate) will make its debut on the exchanges right this moment. Its subject value has been mounted at Rs 42.

Hindalco Industries: The Aditya Birla Group flagship metals firm on Thursday mentioned its consolidated web revenue doubled year-on-year (YoY) to Rs 3,851 crore for the quarter ended March 31 – the very best quantity for any quarter. Bloomberg consensus estimates had pegged This fall web revenue for the quarter at Rs 2,959 crore. learn extra

Vedanta: The metals and mining main has pledged 86.1 per cent of its stake in Hindustan Zinc for the quarter ended March 31, 2022, reflecting a pointy rise within the promoter pledged shares within the December quarter. Vedanta holds 64.9 per cent stake in Hindustan Zinc. learn right here

Zee Leisure Enterprise: The corporate on Thursday reported a consolidated web revenue of Rs 181.93 crore for the March quarter. The corporate had posted a web revenue of Rs 272.36 crore within the January-March quarter a yr in the past. learn right here

Piramal Enterprises: The corporate on Thursday reported a consolidated web revenue of Rs 151 crore within the January-March quarter of FY22 as towards a lack of Rs 510 crore within the year-ago interval. The web revenue included further provision of Rs 822 crore and curiosity repatriation of Rs 215 crore. learn extra

HDFC: Nation’s largest mortgage lender HDFC Ltd on Thursday mentioned it has bought its 10 per cent stake in HDFC Capital Advisors Ltd (HCAL) to Abu Dhabi Funding Authority for Rs 184 crore. With this, HCAL will stop to be an entirely owned subsidiary of HDFC. learn right here

Bharti Airtel: Ranking company Moody’s on Thursday upgraded the ranking of Bharti Airtel Ltd’s (Bharti) senior unsecured debt from “Baa1” to “Baa3”, based mostly on the telco’s continued power of the corporate’s operational metrics and stabilization of economic profile. Is. learn right here

ONGC: India’s high oil and fuel producer ONGC on Thursday mentioned it should make investments Rs 31,000 crore over the following three years in exploring the Indian sedimentary basin for gas reserves, boosting the nation’s output in its effort to develop into self-reliant within the vitality sector. might. learn extra

Solar Pharma: The corporate’s US-based arm Taro Pharma reported a web revenue of $27.4 million in the newest quarter, in comparison with a lack of $29.78 million a yr in the past. Its web gross sales had been $143.3 million versus $148.3 million, down 3.4 % from a yr earlier.

Muthoot Finance: The corporate’s consolidated web revenue declined 2.3 per cent year-on-year to Rs 997 crore for the quarter ended March 2022. Consolidated income declined 2.7 per cent to Rs 3,021 crore. The decline in revenue is because of decrease income and better worker prices which is partially negated by decrease losses on monetary devices.

Web page Trade: Its revenue after tax grew 65 per cent year-on-year to Rs 190.5 crore for the quarter ended March 2022. Internet margin at 17.1 per cent was up 400 bps year-on-year and 240 bps on a sequential foundation. Income grew 26.2 per cent year-on-year to Rs 1,111 crore.

Berger Paints India: For the March quarter, the corporate’s revenue grew 5.6 per cent year-on-year to Rs 220.2 crore and income rose eight per cent to Rs 2,187.5 crore. The board authorized the advice for fee of dividend of Rs 3.10 (310 per cent) per share for the monetary yr 2021-22.

NMDCState-owned NMDC on Thursday mentioned its consolidated web revenue fell 36 per cent to Rs 1,812.98 crore for the quarter ended March 31, pushed by increased bills. The corporate had posted a web revenue of Rs 2,835.54 crore in the course of the January-March quarter of 2020-21.

Tata Energy: Tata Energy Renewable commissioned a 100 megawatt (MW) venture for MSEDCL in Partur, Maharashtra. With this addition of 100 MW, the renewable capability in operation for Tata Energy now stands at 3,620 MW with 2,688 MW photo voltaic and 932 MW wind.

Bharat Dynamics: The corporate’s web revenue rose 1.5 per cent year-on-year to Rs 2,644 crore within the March quarter. Income grew 21.5 per cent to Rs 13,811 crore. The corporate has beneficial a ultimate dividend of Re 1 per share (face worth of Rs 10 every) for the yr ended March.

Union Financial institution: The financial institution mentioned it goals to safe capital funding of over Rs 8,100 crore by elevating fairness capital of over Rs 3,800 crore and issuing AT1/Tier 2 bonds of over Rs 4,300 crore.

AstraZeneca Pharma India: The corporate’s web revenue jumped two per cent to Rs 27.98 crore for the March quarter, from the identical quarter final yr. Internet income grew 10.3 per cent to Rs 232 crore. The board has beneficial a ultimate dividend of Rs 8 per share for the monetary yr 2021-22.

Expensive reader,

Enterprise Commonplace has at all times labored exhausting to offer up to date info and commentary on occasions which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on how you can enhance our providing has additional strengthened our resolve and dedication to those beliefs. Even throughout these tough occasions arising out of COVID-19, we’re dedicated to conserving you knowledgeable and up to date with related information, authoritative views and sharp feedback on related related points.
Nevertheless, we’ve a request.

As we grapple with the financial influence of the pandemic, we’d like your help much more in order that we are able to proceed to offer you extra high quality content material. Our subscription mannequin has obtained an encouraging response from lots of you who’ve subscribed to our on-line content material. Subscribing to extra of our on-line content material can solely assist us obtain our objectives of offering you with higher and extra related content material. We consider in unbiased, unbiased and credible journalism. Your help by means of extra subscriptions may also help us apply the journalism we’re dedicated to.

help high quality journalism and Subscribe to Enterprise Commonplace,

digital editor

First revealed: Fri, 27 Might 2022. 08:07 IST

Supply hyperlink