Bharti Airtel: The telecom major is set to announce its June quarter results for FY21 (Q1FY21) on Wednesday and analysts expect the company to post a loss of as much as Rs 318.9 crore as compared to Rs 5,236.9 crore loss reported in Q4FY20. Revenue growth for the quarter, however, is likely to remain flat with India non-wireless revenues traction remaining robust.
The company is set to announce Q1 numbers today. Edelweiss Securities pegs India’s largest airline’s net loss at Rs 797 crore for the quarter under review, down 166.5 per cent, from net profit of Rs 1,200 crore logged in Q1FY20. Sequentially, it would be less than Rs 871 crore-loss incurred in Q4FY20. READ MORE
Nestle: Food major Nestlé India on Tuesday clocked a marginal decline in profit before tax (PBT) to Rs 652 crore for the April-June period versus Rs 659 crore reported a year ago, as Covid-19 disruptions impacted business.
Earnings today: Besides Maruti, Bharti Airtel, and IndiGo, other companies that are slated to release their June quarter numbers include TVS Motor Company, Ceat Ltd, Dr Reddy's, IEX, Manappuram Finance, and Mastek.
Tata Coffee: Tata Coffee Ltd on Tuesday reported a 77 per cent increase in consolidated net profit at Rs 62 crore for the quarter ended June. Its net profit stood at Rs 35 crore in the year ago period.
RBL Bank: Excess provisions of Rs 460 crore led small sized private sector lender RBL Bank to report a 47 per cent decline in June quarter net profit at Rs 141 crore on Tuesday. The bank said it set aside Rs 240 crore for Covid-19 related provisions, taking the total money set aside due to possible reverses because of the pandemic to Rs 350 crore.
YES Bank: Private sector lender YES Bank posted profit before tax (PBT) at Rs 60.24 crore in the quarter ended June (Q1FY21). The Mumbai-based lender had posted a PBT of Rs 174.98 crore in the quarter ended June 2019 (Q1FY20). Its pre-tax loss was Rs 4,765.9 crore in the fourth quarter ended March (Q4FY20).
IDBI Bank: The private sector lender posted a profit before tax (PBT) of Rs 437.97 crore for the quarter ended June 2020 (Q1FY21) on a rise in net interest income and a dip in provisions and contingencies.
The private lender's standalone net profit slumped 67.84 per cent to Rs 460.64 crore on 0.65 per cent rise in total income to Rs 8,680.92 crore in Q1 June 2020 over Q1 June 2019.
TCS: The IT major company and Zinier, the leader in intelligent field service automation, announced the launch of a digital solution to help field service organisations quickly
adapt to unexpected disruptions to essential workforces and services to ensure business continuity.
Castrol India: The company's net profit declined 64.20 per cent to Rs 65.40 crore in the quarter ended June 2020 as against Rs 182.70 crore during the previous quarter ended June 2019.
Sanofi India: Net profit of the company rose 39.94 per cent to Rs 136.30 crore in the quarter ended June 2020 as against Rs 97.40 crore during the previous quarter ended June 2019.
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