ICICI Bank received RBI approval to convert ICICI Securities as its wholly-owned subsidiary and delist shares. SJVN reported weaker-than-expected quarterly results. Ashok Leyland reported that quarterly profit surged from a year ago but declined from the previous quarter.
Lupin said quarterly profit jumped nearly four-fold. Raymond reported flat quarterly earnings. Bata India said quarterly revenue increased but profit declined. Tata Power said revenue and profit advanced.
Hindustan Petrochemicals swung to a profit, but revenue eased in the latest quarter. Emami Ltd. reported muted quarterly results. Nyakka-parent FSN E-commerce reported a jump in quarterly earnings.
Vedanta swung to a quarterly loss on weak commodity prices compared to a year ago. Interglobe Aviation swung to a profit after demand for passenger travel picked up. Zomato reported its second consecutive quarterly profit in a row.
Adani Power reported a sharp jump in quarterly profit on improvements in operations, one-time gains, and the recognition of deferred tax assets. Tata Motors said quarterly results improved, driven by gains in the JLR division.
GAIL India reported a surge in quarterly profit on nearly flat revenue. L&T revenue and earnings advanced on a strong order book. Tata Consumer Products quarterly revenue advanced. Bharti Airtel quarterly net profit declined.
DLF reported rising earnings and sales in the latest quarter. KPIT Tech revised its fiscal year sales and earnings outlook. Marico reported flat standalone sales. Triveni Engineering's net income plunged.
Reliance Industries reported a decline in sales in its core petrochemicals business, reflecting weak oil prices, but sales and earnings in retail and telecom businesses advanced. SBI Cards said the net interest margin slipped. Maruti Suzuki reported a sharp jump in quarterly earnings.
Canara Bank, Punjab National Bank and Indian Bank reported higher profit, extending a string of positive earnings from banks. Vodafone Idea quarterly loss expanded.
Axis Bank reported a stable net interest margin and a rise in quarterly earnings. Chalet Hotels revenue and earnings surged following the rebound in travel. Jubilant FoodWorks reported a 40% decline in quarterly profit.
NDTV said quarterly revenue fell on a weak advertising market. Reliance Industries is in talks to acquire Disney-controlled streaming service Disney+Hotstar in India.
Banks reported a surge in quarterly profit on the back of a wider net interest margin. BSE Ltd. advanced on higher trading volume in cash and derivates trading. CreditAccess Grameen
Hindustan Unilever offered optimistic views for the second half after reporting mild growth in the fiscal second quarter. Ultratech Cement said quarterly net income soared on higher demand. Tata Communications said quarterly earnings plunged.
Wipro Ltd offered a cautious annual outlook. Cofoge reiterated its annual outlook. LTIMindtree reported improving earnings. Bajaj Auto reported healthy margins.
Bajaj Finance reported a surge in net interest income and net income after the company added new customers at an elevated rate. Maruti Suzuki to acquire Gujarat plant controlled by Suzuki Motor.