Tata Group firm Titan Company Wednesday posted a 14.41 per cent increase in consolidated net profit at Rs 348.30 crore for the the fourth quarter of 2018-19.
The Noida-based IT company is slated to announce its March quarter results for the financial year 2018-19 (FY19) on Thursday. It is expected to post 2.9 per cent increase on quarter-on-quarter (QoQ) basis in revenue at Rs 16,152.7 crore while on year-on-year (YoY) basis, the number is likely to rise by 22.6 per cent, say analysts at Nirmal Bang Securities. In constant currency (CC) terms, the revenue is seen rising 4 per cent QoQ.
Catalyst Trusteeship has sold 86,00,000 shares of the company at Rs 342.33 apiece on NSE, bulk deal data showed.
Earnings today: Apart from HCL Tech, around 54 companies are scheduled to unveil their March quarter results today. The list includes names such as Asian Paints, Apollo Tyres, Indian Overseas Bank and PNB Housing Finance.
KEC International: The infrastructure company on Wednesday reported 7.7 per cent increase in profit after tax (PAT) to Rs 496 crore during 2018-19 from Rs 460 crore in the year-ago period.
YES Bank: India Ratings on May 8 downgraded YES Bank's long-term ratings to 'IND AA' with negative outlook. The development comes a day after another rating agency Icra lowered the bank's rating.
Alembic Pharma: The company's net profit for the March quarter came in at Rs 107.66 crore, down 25.33 per cent from Rs 144.19 crore in March 2018. EBITDA stood at Rs 153.91 crore in March 2019, down 25.67 per cent from Rs 207.07 crore in the year-ago period.
Shriram Transport Finance: The company on Wednesday reported a 22.4 per cent fall in its net profit at Rs 746.04 crore for the fourth quarter ended March 31, 2019.
Hindalco: Novelis, the wholly-owned subsidiary of Hindalco Industries, on Wednesday posted a 5.5 per cent decline in net income at $103 million (around Rs 717.64 crore) in the quarter ended on March 31, 2019
Digital infrastructure provider Tata Communications on Wednesday said its losses widened to Rs 198.8 crore for the fourth quarter ended March 31, from ₹120.9 crore in the year-ago period.
ADAG stocks: Following the National Company Law Tribunal (NCLT) directive, Reliance Communications (RCom) on Wednesday informed the stock exchanges that the administration of the corporate debtor would be taken over by the interim resolution professional (RP) and the corporate insolvency resolution process (CIRP) would resume.
Gillette India: FMCG firm Gillette India on Wednesday reported a 37 per cent rise in its net profit at Rs 48.40 crore for the quarter ended on March 31, 2019. Total income from operations rose Rs 468.84 during the quarter against Rs 452.60 crore in the year-ago period.