Results scheduled for July 17
Prior to the release of quarterly earnings on July 17, attention will be focused on HDFC Bank, LTIMindtree, Tata Elxsi, Tinplate Company of India, Central Bank of India, CRISIL, Hathway Cable & Datacom, Huhtamaki India, Onward Technologies and Seacoast Shipping Services.
Suzlon Energy
The supplier of renewable energy solutions has been awarded a contract to build a 100.8 MW wind power project for Everrenew Energy. Suzlon, the organisation in charge of the project, will set up 48 S120 – 2.1 MW type wind turbine generators. At two different locations—Velliyanani Phase II in the Karur district and Vengaimandalam in Trichy, Tamil Nadu—these turbines will be erected on hybrid lattice tubular towers. The project is anticipated to be finished and launched in March 2024.
Dr Reddy’s Laboratories
The pharmaceutical firm and TEQ Green Power XI Private Limited and O2 Power SG Pte Ltd recently entered into a securities subscription and shareholders’ agreement. The agreement comprises an investment in a special purpose entity named O2 Renewable Energy IX Private Limited and relates to the use and production of renewable energy. According to the terms of the arrangement, the firm will own 26% of the SPV, with TEQ Green Power XI keeping the other 84%.
State Bank of India
The State Bank of India (SBI), the largest lender in the country, has increased its marginal cost of funds-based lending rate (MCLR) by 5 basis points (bps) starting from July 15. As a result of this hike, the MCLR-based interest rates will now be in the range of 8 percent to 8.75 percent.
GTPL Hathway
GTPL Hathway shared its Q1 results on Friday. They earned 780.57 crores in revenue this quarter, but that’s more than the 701.66 crores they made last quarter. The company’s growth increased by 11.25 percent when comparing the two quarters. In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 35.91 crores, up from -11.748 crores in the previous quarter. Their quarter-to-quarter growth increased by 405.75 percent.
Just Dial
Just Dial shared its Q1 results on Friday. They earned 328.38 crores in revenue this quarter, but that’s more than the 306.69 crores they made last quarter. The company’s growth increased by 7.07 percent when comparing the two quarters. In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 83.40 crores, down from 83.60 crores in the previous quarter. Their quarter-to-quarter growth decreased by -0.24 percent.
Tata Steel Long Products
Tata Steel Long Products shared its Q1 results on Friday. They earned 2104.68 crores in revenue this quarter, but that’s more than the 1911.98 crores they made last quarter. The company’s growth increased by 10.08 percent when comparing the two quarters. In terms of profits, the company’s PAT (Profit After Tax) for this quarter was -36.49 crores, down from -184.11 crores in the previous quarter. Their quarter-to-quarter growth decreased by 80.18 percent.
VST Industries
VST Industries shared its Q1 results on Tuesday. They earned 452.92 crores in revenue this quarter, but that’s more than the 405.16 crores they made last quarter. The company’s growth increased by 11.79 percent when comparing the two quarters. In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 83.70 crores, up 68.70 crores in the previous quarter. Their quarter-to-quarter growth increased by 21.83 percent.
Nestle India
The Industrial Promotion & Investment Corporation of Odisha Limited has given Nestle India, an FMCG firm, its in-principle clearance to build a food processing facility in Khordha, Odisha. This food manufacturing facility has a total investment of Rs. 894.10 crore.
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