Tata Motors reported a sharp increase in revenue and profit in the March quarter. BEML said quarterly profit and revenue advanced in the latest quarter on higher orders. ITDC said revenue declined but profit jumped in its latest quarter.
Abbott India reported a surge in revenue and earnings in the March quarter. VST Tillers and Tractors reported a decline in earnings and revenue in the fiscal final quarter. Intellect Design Arena said revenue declined after the loss of a government contract.
Coal India reported a slight increase in revenue in the March quarter. Adani Enterprises said March quarter net income declined on one-time charges. Blue Dart Express reported positive quarterly results. Ajanta Pharma announced a stock repurchase plan.
Maruti Suzuki said passenger car sales in April were unchanged from a year ago. Tata Motors, Hero MotoCorp, and Eicher Motor said vehicle sales in April rose in double digits.
Rites Ltd. won an order to supply passenger carriages to Bangladesh Railways. The Uttarakhand drug regulator suspended production of three products made by Patanjali Foods for misleading advertising claims. Poonawalla Fincorp. reported strong quarterly results.
ICICI Bank reported strong March quarter results due to an elevated net interest margin. Maruti Suzuki said March quarter revenue jumped 20%, driven by sustained demand across the nation.
Tech Mahindra said March quarter revenue and earnings declined from a year ago. Tata Steel plans to invest in an arc furnace at its plant in the UK as the company looks for ways to lower its carbon footprint.
Hindustan Unilever reported weak results in the March quarter, citing macroeconomic headwinds. Axis Bank swung to a profit in the March quarter, and the net interest margin stayed elevated.
ICICI Prudential reported a sharp decline in revenue and earnings in the March quarter. Tata Consumer Products said quarterly revenue rose, but net income fell. Gokaldas Exports plans to raise capital through an institutional offering.
Reliance Industries said March quarter net income declined 2% on a volatile margin in its crude oil refining business. HDFC Bank is negotiating with the Japan-based Mitsubishi UFJ to sell as much as a 20% stake in its non-bank financial services unit.
Wipro reported a decline in revenue and earnings in the March quarter. HDFC Bank reported weaker-than-expected quarterly results in its latest quarter. Gujarat State Petronet plunged after the central government agency cut its tariffs for petroleum transmission.
Stocks in Mumbai traded lower and extended weekly losses amid rising tensions in the Middle East. Crude oil jumped 4% after three explosions rocked a city in western Iran.
Adani Family increased its stake in Ambuja Cements to 70.3%. Tata Communications said profit in the March quarter slightly declined. Angel One reported a surge in profit and earnings in the March quarter.
Ambuja Cements acquired a cement griding and processing unit in Tamil Nadu. Brigade Enterprises plans to develop an office complex in Chennai. Vodafone Idea plans to roll out its 5G network in two years.
Senco Gold reported a surge in revenue in the March quarter, and the company held out for strong performance in the current quarter. TCS reported better-than-expected March quarter results.
