Indian benchmarks are likely to open flat amid mixed global signals.
The benchmark indices closed higher for the second consecutive session on Tuesday, driven by stocks in Reliance Industries, Kotak Bank and Bajaj Finance amid a largely positive trend in global markets.
Sensex finished 383.21 points higher at 61,350 and Nifty rose 143 points to 18,268.
These are the actions you are likely to focus on today.
Cipla: Drug maker Cipla reported a 7 percent year-on-year increase in its consolidated net profit of Rs 711 crore for the July-September quarter.
The company's operating income grew 10 percent to Rs 5,520 crore, while earnings before interest, taxes, depreciation and amortization (EBITDA) increased 4 percent to Rs 1,226 crore. The EBITDA margin for the quarter was 22.2%.
Revenue from India operations grew 16 percent to Rs 2,416 crore, led by sustained volume traction in leading therapies and the contribution from the COVID-19 portfolio that normalized in line with expectations, the company said. company in a statement.
Bajaj Finance: The company reported a 53 percent year-on-year increase in its consolidated net profit of Rs 1,481 crore during the July-September quarter. The company's net interest income (NII) increased 28 percent to Rs 5,335 crore during the quarter.
The company's assets under management (AUM) increased 22 percent to Rs 1,66,937 crore at the end of the September quarter 2021 from Rs 1,37,090 crore as of September 30, 2020.
On the asset front, gross delinquency and net delinquency stood at 2.45% and 1.10%, respectively, during the quarter, compared to 2.96% and 1.46% at the end of the quarter. previous quarter of June.
Banking axis: The bank reported an all-time highest quarterly profit of Rs 3,133 crore in the second quarter of fiscal 22, recording 86 percent year-on-year growth (YoY), compared to earnings of Rs 1,683 crore in the second quarter. of fiscal year 21.
The high gain can be attributed to strong CASA (checking account savings account) and fee performance, acceleration of credit growth in the focus segments, limited restructuring, improved asset quality and resilient balance sheet, the private lender said.
The bank's operating profit for the quarter was Rs 5,928 million, while the main operating profit was Rs 5,456 million. The bank's net interest income (NII) grew 8 percent year-on-year to Rs 7,900 crore from Rs 7,326 crore in the second quarter of fiscal 21. The net interest margin (NIM) for the second quarter stood at 3 , 39 percent.
Torrent Pharma: The company reported earnings of Rs 316 crore in Q2FY22 against Rs 310 crore in Q2FY21, revenue increased to Rs 2,137 crore from Rs 2,017 crore YoY.
Larsen & Toubro, ITC, IndusInd Bank, Bajaj Auto, Titan Company, Lupine, Maruti Suzuki India, PNB, among others, will release their September quarter earnings today.
