Reliance Industries: The Mukesh Ambani company has completed spin-off of the firm’s oil-to-chemical business into a new unit that will help it pursue growth opportunities with strategic partnerships, the company said. The company has reported a rise of over 25 per cent in its consolidated net profit for December quarter on a year-on-year (YoY) basis.
YES Bank: The bank has reached the “peak” of asset quality stress after reporting heightened challenges in the December quarter earnings, even though there can be a jump in the gross non-performing assets (GNPA) ratio in the March quarter, a top official said. The GNPA ratio may shoot up to touch 20 per cent of the overall assets once the Supreme Court order on bad asset recognition comes in, the official said.
L&T, Kotak Bank: L&T, Kotak Mahindra Bank, ICICI Securities, UCO Bank, Can Fin Homes, Mahindra Holidays, Sharda Corpchem, APL Apollo Tubes, and Navin Flourine are some of the companies which will announce their Q3 results today.
Apollo Hospitals: The healthcare major announced raising Rs 1,169.99 crore through allotment of shares to the qualified institutional buyers (QIBs).
UltraTech Cement: Aditya Birla group firm reported over two-fold jump in consolidated net profit to Rs 1,584.58 crore in the December quarter.
Hinduja Global Services (HGS): The company said its UK unit has acquired 8.23 per cent stake in HGS Digital LLC. Hinduja Global Solutions UK Ltd, a HGS subsidiary, already held 91.77 per cent equity interest in HGS Digital LLC (formerly known as Element Solutions LLC, USA).
SAIL: The company with the help of the Centre is planning to set up India’s first gas to ethanol plant at its ferro alloy plant in Chandrapur in Maharashtra, according to an official.
BPCL: Bharat Petroleum Corporation Ltd (BPCL) expects to expand its customer base 10-fold to one million under a new customer loyalty campaign, said a senior company official.
Birla Corp: The MP Birla Group flagship said its consolidated net profit jumped 82.1 per cent year-on-year to Rs 148.42 crore for the third quarter of the current fiscal on the back of cost rationalisation and higher sales.
JM Financial: The company reported a 15 per cent rise in its consolidated net profit to Rs 181 crore in the third quarter ended December. The financial services provider had posted a net profit of Rs 158 crore in the year-ago quarter.
DCB Bank: Private sector lender DCB Bank reported a net profit of Rs 96.21 crore for the third quarter ended December 2020. Its net profit was Rs 96.70 crore in the October-December period a year ago, DCB Bank said in a regulatory filing.