Today's Results: Nifty Nestle, Maruti Suzuki, TeamLease, Tata Coffee, Pfizer, Gateway Distriparks, UBL, Embassy Office Parks REIT, IDBI Bank, Oracle Financial, Happiest Minds, Welspun India, Radico Khaitan
Actions to watch in trading for July 28, 2021: IndusInd Bank, Torrent Pharma, Dalmia Bharat, IndiGo, Hudco & nbsp | & nbspPhoto credit: & nbspBCCL
Key points
- Rites has obtained a road sector consulting job order from National Highways & Infra Development Corp Ltd with a fee income of Rs 19.10 crore
- Bajaj Healthcare: The board will consider the stock split at the August 13 meeting.
- L&T Larsen to merge L&T hydrocarbon engine unit with itself
IndusInd Bank
The bank's PPOP for the first quarter of fiscal 22 was in line with estimates, while deviations were slightly above expectations. NII growth remained subdued due to moderation in loan growth. NIM decreased QoQ to 4.06% due to excess liquidity. Deposit trends continue to be strong, led by retail deposits.
Torrent Pharma
FY 22 first quarter performance was largely in line, while EBITDA performance was above estimates. The growth momentum in the Domestic Formulation (DF) business was offset by a subdued performance in the US business and a higher tax rate. The company reported revenue growth of 4%. The company saw strong positioning in India and an improvement in export prospects.
Dalmia Bharat
The company reported revenue growth of 36.9% year-on-year and revenue amounted to Rs 2,589 crore. The company reported earnings growth of 45% year-on-year. Cement realization growth at 8% QoQ was strong and largely in line.
Indigo
Losses have widened to Rs 3,174.2 crore in Q1, second wave Covid-19. While revenue from operations at Rs 3,006.9 crore, it increased by 292.2% yoy due to the low base. Q1FY21 was also hit hard by the first wave of Covid-19 that led to a nationwide lockdown. The EBITDAR loss for the quarter stood at Rs 1,360.2 crore, reducing from a loss of Rs 1,421.2 crore in the corresponding period of the last fiscal year.
Hudco
Housing and Urban Development Corporation: Government of India sale offer on Hudco gets 196% demand from non-retail investors on day one. Offers are received at an indicative price of Rs 45.03 per share.
India's Architects of the Future Set the Agenda for Growth in This Golden Decade, at Times Network India Economic Conclave - March 25, 26 | New Delhi. See LIVE coverage from the ground on the Times Network news channels and https://www.indiaeconomicconclave.com.
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