HUL, Axis Bank: Hindustan Unilever, Axis Bank, ICICI Prudential Life, Marico, United Spirits, Bank of Baroda, Canara Bank, Emami, Nalco, Quess Corp, PNB Housing, Nippon LIfe Asset Management and India Cements are among companies which will announce their December quarter results on Wednesday.
L&T: Larsen & Toubro plans to invest more in technology services business to increase its share in the company’s portfolio, while exiting infrastructure assets where it is a developer, Managing Director and Chief Executive Officer SN Subrahmanyan told ET in an interview.
GAIL: State-owned gas utility GAIL (India) Ltd plans to launch an InvIT of its two gas pipelines between Dahej and Bengaluru ahead of a proposed splitting of the pipeline business from the gas marketing function, sources said.
Kotak Mahindra Bank: Private sector lender Kotak Mahindra Bank’s consolidated profit after tax (PAT) grew 11 per cent to Rs 2,602 crore in the third quarter ended December.
Indiabulls Real Estate: The realtor is expecting a net surplus of nearly Rs 11,400 crore from its completed and ongoing real estate projects. In an investor presentation, the company informed that its new sales bookings stood at Rs 990 crore in the third quarter of this fiscal and Rs 1,359 crore during April-December period.
Inox Leisure: The multiplex operator said it has commenced commercial operations at a new multiplex at Thane, in Maharashtra, taking its total count to 151.
Tata Motors: The auto maker unveiled its upcoming flagship SUV Safari and is set to commence bookings for the model from the next month. The new Safari is based on the D8 platform from Land Rover which allows for further drive train enhancements including all-wheel drive and possibilities of electrification in future
NTPC: NTPC said Tamil Nadu Energy Company Limited (NTECL) has paid an interim dividend of over Rs 47.55 crore towards its 50 percent stake in the firm.
UCO Bank: Public sector UCO Bank on Monday reported a net profit of Rs 35.44 crore for the third quarter ended December 2020, on account of lower provisioning for bad loans.
MTNL: A Group of Ministers, chaired by Defence Minister Rajnath Singh, is learnt to have deferred merger of public sector telecom firms BSNL and MTNL due to financial reasons, according to government sources.
ICICI Securities: ICICI Securities reported a 95 per cent jump in profit after tax at Rs 267 crore for three months ended December 31 on account of growth in revenue and improvement in margins.