The EBITDA margin declined by 268 bps YoY to 9.8 per cent on account of higher raw material cost and delay in price hikes.
ITC will announce its Q4 results and declare final dividend on May 18, 2022.
Shares of Reliance Industries, Canara Bank, Sundaram-Clayton, Tata Power Company, CSB Bank, Federal Bank will be in focus ahead of their Q4 results.
Homegrown FMCG major Dabur India Ltd on Thursday reported a 21.98 per cent decline in consolidated net profit at Rs 294.34 crore for the fourth quarter ended March 2022. The company had posted a net profit of Rs 377.29 crore in the January-March period a year ago, Dabur India said in a BSE filing. Its revenue from operations rose 7.74 per cent to Rs 2,517.81 crore during the quarter under review, as against Rs 2,336.79 crore in the year-ago period. Total expenses stood at Rs 2,141.04 crore, up 8.7 per cent from Rs 1,969.54 crore in Q4 FY21. Shares of Dabur India Ltd were trading at Rs 529 on BSE, down 1.59 per cent.
Adani Power's consolidated net profit jumped to Rs 4,645.47 crore in the March quarter from Rs 13.13 crore in the year-ago period, mainly on the back of higher revenues. Total income of the company rose to Rs 13,307.92 crore in the quarter ended on March 31, 2022 from Rs 6,902.01 crore in the same period a year ago, it said in a statement on Thursday. The consolidated net profit for 2021-22 climbed to Rs 4,911.58 crore from Rs 1,269.98 crore in 2020-21. Last fiscal, the company's total income increased to Rs 31,686.47 crore from Rs 28,149.68 crore in the same period a year ago. Gautam Adani, Chairman of Adani Group said that availability of reliable power supply to various sectors across the nation is critical to economic growth. "The Adani Group stands committed to fulfilling India's energy needs in a sustainable, reliable, and affordable manner. Our diversified presence across the energy value chain helps us ensure that this vital input is always available to power the economy,
Performance was aided by strong signs of recovery in the auto and mortgage industries.
Tyre major Ceat on Thursday reported an 84 per cent decline in its consolidated net profit to Rs 25 crore for the fourth quarter ended March 2022.
Logistics services provider Blue Dart Express Ltd on Thursday reported an increase of 52.18 per cent in its consolidated net profit at Rs 136.97 crore for the fourth quarter ended March 2022.
Air-conditioning and commercial refrigeration firm Blue Star Ltd on Thursday reported a 12.01 per cent increase in net profit at Rs 76.27 crore for the fourth quarter ended March 2022
CAMS, which acts as a registrar and transfer agent to mutual funds, on Thursday reported a 23% surge in its consolidated profit after tax at Rs 73.84 crore in quarter ended March.
FMCG firm Marico Ltd on Thursday reported a 13.21% rise in consolidated net profit to Rs 257 crore for the fourth quarter ended March 2022.
Borosil Renewables' March 2022 quarter net profit fell to Rs 46.38 crore against Rs 66.87 crore in the year-ago period, mainly due to lower revenues.
Drug firm Morepen Laboratories on Thursday said its consolidated net profit declined by 55 per cent to Rs 12 crore for the fourth quarter ended March 2022.
The company has a strong order backlog as of March 31, 2022, at Rs 5,229 crore, which provides revenue visibility and is well aligned to support growth plans in the coming quarters.
Stocks to Watch: Adani Power, Adani Transmission, CEAT, Dabur India, Marico, Exide Industries, Happiest Minds Technologies, and Indus Towers will be in focus ahead of theur Q4 results.
The lender's net interest income increased 18% YoY to Rs 4,521 crore, aided by a loan growth of 21%
Consumer electrical goods maker Havells India Ltd on Wednesday reported a 16.01% increase in its consolidated net profit to Rs 352.48 crore for the fourth quarter ended in March 2022
Tata Consumer Products Ltd (TCPL) on Wednesday reported an over three-fold jump in consolidated net profit at Rs 239.05 crore for the fourth quarter ended March
Meanwhile, the mega LIC IPO was off to a steady start, with policyholder and employee segment receiving strong response on Day 1 of the offer period.
The company delivered robust top-line growth of 15 per cent and a mid-single digit volume growth in March quarter (Q4FY22).