Nifty futures on the Singapore Exchange traded 14 points down at 16,365 around 8.45 am, indicating a weak start for the benchmark indices on Friday.
Earnings Today: Burger King India, DHFL, Future Consumer, Grasim Industries, Hindustan Aeronautics, ONGC, and SpiceJet are a number of the names slated to report their results today, while Easy Trip Planners, Future Retail, and Vodafone Idea are among over 100 companies scheduled to report their first-quarter results on Saturday.
Analysts’ expectations are that the majority likely SpiceJet will report a net loss for the April-June quarter of FY22. All eyes are now on the airline’s fundraising plans also as growth within the cargo business during the Covid-hit period. READ MORE
Tata Steel: The Tata Group company posted a consolidated net income of Rs 9,768.34 crore for June quarter 2021-22. within the year-ago period, the corporate incurred a net loss of Rs 4,648.13 crore.
Hero Moto Corp: The country’s largest two-wheeler maker Hero MotoCorp on Thursday said its consolidated net income surged over four-folds to Rs 256 crore for the primary quarter ended June 30, riding on the rear of strong sales during the amount .
Eicher Motors: the corporate reported a consolidated profit after tax of Rs 237 crore for the quarter ended June, riding on improved sales. the corporate had witnessed a loss of Rs 55 crore within the April-June period of 2020-21. the corporate also said Vinod Dasari, Royal Enfield CEO, is stepping down with effect from August 13. the corporate has appointed B Govindarajan as executive to go the Royal Enfield business.
Jubilant FoodWorks: CRISIL reaffirmed its rating on the cash equivalent programme of Jubilant FoodWorks at CRISIL A1+.
Aviation stocks: Ministry of Civil Aviation has allowed domestic schedule carriers to work 72.5 per cent of its pre-Covid schedule. The capping has been increased from 65 per cent capacity.
Future Group companies: Kishore Biyani, Rakesh Biyani and other relations of the Biyani family along side the holding companies Future Coupons, Future Corporate Resources, Akar Estate and Finance has filed SLP against Amazon.com NV Investment Holdings LLC before the Supreme Court, said a regulatory filing by a gaggle firm Future Retail Ltd.
RVNL: Rail Vikas Nigam (RVNL) reported a 64.73 per cent rise in its consolidated net income to Rs 232.26 crore for the quarter ended June 30, 2021 against a consolidated net income of Rs 140.99 crore within the year-ago quarter. Consolidated total income rose to Rs 3,931.80 crore as against Rs 2,967 crore earlier.
Nucleus Software: IT company Nucleus Software posted about 83 per cent decline in consolidated profit after tax to Rs 6 crore within the half-moon ended on June 30, 2021, thanks to the impact of Covid-19 pandemic. It had registered a profit after tax (PAT) of Rs 36.33 crore within the same period a year ago.
Dish TV: Direct-to-home firm Dish TV India reported a 34.07 per cent decline in its consolidated net income to Rs 49.14 crore for the primary quarter led to June 2021. the corporate had reported a net income of Rs 74.54 crore within the April-June quarter a year ago. Its revenue from the operation was down 12.51 per cent to Rs 730.97 crore during the quarter under review as against Rs 835.58 crore of the corresponding quarter.
NMDC: State-owned NMDC on Thursday posted an over six-fold jump in its consolidated net income to Rs 3,191.30 crore within the half-moon ended June, mainly on account of upper income. the corporate had reported a net income of Rs 531.35 crore within the same period a year ago.
Ashok Leyland: Commercial vehicles maker Ashok Leyland on Thursday reported narrowing of its net loss to Rs 282 crore within the three months to June 2021. The Hinduja Group flagship company had posted a net loss of Rs 389 crore within the same period a year ago.
Aurobindo Pharma: Drug firm Aurobindo Pharma on Thursday reported a 1.68 per cent decline in its consolidated net income to Rs 769.97 crore for the quarter ended on June 30, 2021, mainly on account of reduction in expenses. the corporate had posted a net income of Rs 783.16 crore for the corresponding period of the previous fiscal.
Tata Power: Tata Power Solar Systems, a wholly-owned subsidiary of Tata Power, has been awarded a project to create a solar PV plant with 50MWh Battery Energy Storage System (BESS) in Leh, Ladakh. The order value of the project is Rs 386 crore.
Page Industries: Apparel manufacturer Page Industries reported a net income of Rs 10.94 crore for the quarter ended June 2021. the corporate had posted a net loss of Rs 39.55 crore during the April-June period a year ago. Revenue from operations rose 76.08 YoY per cent to Rs 501.53 crore during the quarter under review.
ITC: the corporate plans to take a position $2 billion within the medium term to make growth vectors under its ‘ITC Next’ strategy. the corporate plans to take a position across its FMCG, hospitality, agriculture, education and stationery businesses, chairman and director Sanjiv Puri said at a news conference on August 12.
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