Tata Communications: The company reported consolidated profit at Rs 309.4 crore in Q3FY21 against Rs 384.8 crore in Q2FY21, revenue fell to Rs 4,222.8 crore from Rs 4,401.1 crore QoQ.
Federal Bank: Rakesh Jhunjhunwala reduced stake in the bank to 2.4% in December quarter from 2.71% in September quarter. Mutual funds raised shareholding to 29.90% from 25.02%, but FPIs reduced to 21.69% from 24.64% in same periods.
ICICI Lombard General Insurance Company: The company reported profit at Rs 313.53 crore in Q3FY21 against Rs 294.11 crore in Q3FY20, total income rose to Rs 3,058.91 crore from Rs 2,798.9 crore, premium income increased to Rs 2,611.41 crore from Rs 2,456.16 crore YoY.
Vedanta: MFs reduced stake in the company to 5.56% in December quarter from 8.64% in September quarter 2020, while FPIs also reduced shareholding to 16.06% from 17.50% in same periods but Investment Opportunities V Pte Ltd name appeared with 1.49% stake in December quarter but Societe Generale, which was having 2.33% stake in September quarter, did not appear in December quarter.
Skipper: The company reported consolidated profit at Rs 11.45 crore in Q3FY21 against Rs 4.63 crore in Q3FY20, revenue rose to RS 459.8 crore from Rs 299.8 crore YoY.
IIFL Finance: Wholly-owned subsidiary IIFL Home Finance enters into a co-lending arrangement with Standard Chartered Bank for extending credit to MSME loans (loans against property). Under this partnership, both the players will co-originate these loans and IIFL Home Finance will service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing.
CEAT: Company says growth during the quarter was achieved on the back of new capacities across segments, particularly passenger car, two-wheeler and farm segments. The replacement market has been buoyant owing to consumer preference in personal mobility and strong rural demand. The company expects some margin pressure in Q4FY21 due to increasing raw material prices. Reduced debt by Rs 260 crore during the quarter.
HG Infra Engineering: Gets appointed date from NHAI as January 15, 2021 for construction of the proposed Rewari bypass in Haryana on a Hybrid Annuity Mode. The 14.4 km project is scheduled to be completed in two years and HG Infra placed a bid of Rs 522.02 crore.
Prince Pipes & Fittings: Receives first tranche of Rs 26.1 crore from promoter group entity Prince Marketing. The company had remitted an advance amount of Rs 40 crore to Prince Marketing for purchase of immovable property in Mumbai.
Sobha: Wholly-owned subsidiary Sobha Highrise Ventures Pvt. ltd. has acquired 100% equity shares of Annalakshmi Land Developers. Shares have been acquired at Rs 175.16 each at a face value of Rs 10 each. The company will hold the land parcel for future development.
Adani Transmission: Transmission lines are operating at greater than 99.83% availabilities. Added 650 ckt kms to its network during the quarter. Under construction projects progressing as per scheduled. Expected to commission eight out of the nine transmission projects by the end of 2021. Collection efficiency reached 109.9% in Q3 due to recoveries from H1FY21. Distribution loss for AEML is improving consistently and stood at 6.37% during the quarter.
Indian Bank: A meeting of Board of Directors is scheduled on January 22, 2021 to consider a proposal for raising of fund/equity capital by the Bank through QIP/FPO/Rights issue and/or in combination thereof.
IRFC IPO Update: Issue subscribed 1.04 times at the close of the second day of bidding. Institutional subscription remains zero, portion for HNIs subscribed 18.2% while that for retail investors is subscribed 2.01 times.
Indigo Paints: Has raised Rs 347.9 crore by allotting 23.35 lakh shares to anchor investors ahead of its IPO. Some Anchor investors include the Smallcap World Fund, Government of Singapore, Goldman Sachs, Fidelity Funds among others.
Nifty Earnings Today: Bajaj Finance, Bajaj Finserv
Non-Nifty Earnings Today: Agro-tech Foods, Everest Industries, Federal Bank, GMM Pfaudler, Havells India, HDFC AMC, Hindustan Zinc, Indorama Synthetics, L&T Technology Services, Newgen Software, Phillips Carbon Black, Sasken Technologies, Sterlite Technologies, Syngene, Tejas Networks, Tinplate Company of India, VST Industries
No comments:
Post a Comment