Read more about Market Ahead Podcast, June 10: Top factors that could guide markets today on Business Standard. A total of 64 companies, including Century Plyboards, Mazagon Dock Shipbuilders, NHPC, and SAIL, are scheduled to post their quarterly numbers today
Domestic stocks opened higher on Thursday, mirroring gains in other Asian markets. Buying in Reliance Industries and IT majors TCS and Infosys lifted indices, but selling in ITC and select private banks kept upside limited. Investors globally are cautious ahead of US inflation readings and the ECB policy review later in the day. SAIL, NHPC & Century Plyboards, NHPC, Century Plyboards (India), Cera Sanitaryware, Mazagon Dock Shipbuilders, eClerx Services, Responsive Industries, Tide Water Oil Company, National Fertilizers and Mayur Uniquoters are among companies that will announce their March quarter results today. Watch this space as we bring you LIVE updates of the day s proceedings from Dalal Street.
MMTC: The state owned distribution company s board has approved the debt restructuring scheme of the state-owned company which envisages settlement of dues out of the disinvestment proceeds of the Neelachal Ispat Nigam Limited (NINL).
Bata India: The shoemaker reported 23.3 per cent fall in consolidated net profit at Rs 29.47 crore for the fourth quarter ended March 31, 2021. The company had posted a net profit of Rs 38.40 crore in the year-ago period.
Tech Mahindra: The IT major is looking for acquisitions in Europe to upgrade its capabilities in various segments, including cloud computing, 5G, SAP and Salesforce softwares, a senior company official said on Wednesday.
Sequentially, the company s net profit has increased by 31.55% from Rs 65.85 crore in Q3 FY20.
Revenue from operations increased by 40.51% year-on-year (YoY) to Rs 745 crore during the quarter.
The company s revenue from plywood and allied products was at Rs 405.58 crore (up 42.21% YoY), revenue from laminate and allied products was at Rs 152.93 crore (up 44.18% YoY) and that from medium density fibre board was at Rs 119.07 crore (up 41.20% YoY) in the fourth quarter.
Further, revenue from particle board segment was Rs 29.95 crore (up 29.82% YoY) and container freight station services was Rs 21.90 crore (up 7.14% YoY).
Profit before tax in Q4 FY21 stood at Rs 115.03 crore, which is significantly higher as compared with Rs 42.30 crore in Q4 FY20.
Century Plyboards (India) standalone net profit rises 114 57% in the March 2021 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.