Earnings Today: Nestle India, YES Bank, TechM, JSW Steel, ICICI Lombard, IDBI Bank, Persistent Systems and Aarti Drugs are among companies that will announce their September quarter results on Friday.
Ambuja Cements: The cement maker reported 50.51 per cent rise in consolidated net profit at Rs 803.50 crore for September quarter 2020, helped by volume growth and improvement in operational efficiencies.
HDFC Asset Management Company (AMC): The AMC reported a 8 per cent decline in profit after tax (PAT) at Rs 338.06 crore for the three months ended September 30.
Asian Paints: The company said its net profits were flat year-on-year (YoY) at Rs 830.37 crore. Consolidated revenue from operations increased 5.93 per cent YoY to Rs 5,350.23 crore.
Hexaware: T firm Hexaware Technologies on Thursday posted a 11.4 per cent fall in consolidated net profit at Rs 162.6 crore for September 2020 quarter. The company had reported a net profit of Rs 183.7 crore in July-September quarter a year ago, Hexaware Technologies said in a regulatory filing.
Mphasis: IT firm Mphasis on Thursday reported a 9.4 per cent increase in consolidated net profit to Rs 299.2 crore for the September 2020 quarter. The company's net profit stood at Rs 273.3 crore in the year-ago period, it said in a regulatory filing.
L&T Finance Holdings: The company reported a 52 per cent jump in consolidated net profit at Rs 265 crore in the September 2020 quarter, boosted by a strong demand revival in rural and renewable energy sectors, despite a fall in revenue.The company had posted a net profit of Rs 174 crore in the corresponding quarter of 2019-20.
Reliance Power: The company posted an over two-fold rise in its consolidated net profit at Rs 105.67 crore in the September 2020 quarter, mainly due to higher revenues.
UCO Bank: The bank has reached out to the government as well as the Life Insurance Corporation of India (LIC) for raising capital on a preference basis even as the state-owned lender has started preparing for share sales in qualified institutional placement.
Crompton Greaves Consumer Electricals: The company reported a 27.77 per cent increase in consolidated net profit at Rs 141.68 crore for the quarter ended September 2020. It had posted a net profit of Rs 110.88 crore in the July-September period a year ago.
Ashok Leyland: The commercial vehicle major said it was looking to increase its market share in the intermediate commercial vehicle segment similar to the levels it has in medium and commercial vehicle nationally, a top company official said.
Tech Mahindra: IT major Tech Mahindra on Thursday said its US subsidiary will acquire 6.03 per cent stake in US-based VitalTech Holdings, Inc for $3 million. Tech Mahindra (Americas), Inc will acquire 6.03 per cent of equity shares with an option to acquire additional equity of up to 8 per cent till January 2021, it said in a regulatory filing.
SBI Card: SBI Cards and Payment Services, the credit card arm of State Bank of India (SBI), reported a 46% drop in net profit in the quarter ended September 2020 to Rs 206 crore from Rs 381 crore a year earlier due to a rise in provisions as non perfoming assets (NPAs) spiked.
Indian Bank: State-owned Indian Bank reported a 15 per cent rise in net profit at Rs 412.28 crore for the second quarter ended September, despite increase in provisions for bad loans. The bank's net profit in July-September quarter of 2019-20 stood at Rs 358.56 crore.
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