Larsen & Toubro Technology Services (LTTS): The company on Monday posted a 5 per cent decline in consolidated net profit at Rs 194.5 crore in the March 2021 quarter. In addition, the Board of Directors at their meeting held on Mnday have recommended a final dividend of 725 per cent which is Rs 14.5 per equity share of face value of Rs 2 each.
SBI Life Insurance Company: Insurer on Monday reported a flat net profit at Rs 532 crore for the March 2021 quarter. The Board of Directors, in its meeting held on March 25, 2021, has declared an interim dividend of 2.50 per equity share of the face value of 10 each for the year ended March 31, 2021.
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Nifty futures on the Singapore Exchange traded 62.5 points, or 0.43 per cent, higher at 14,706.50 , in signs that Dalal Street was headed for a positive on Thursday. Here are a few stocks which may buzz the most in today s trade:
Asian Paints,
Bajaj Auto: Asian Paints, Bajaj Auto, SBI Card, Bandhan Bank,
Biocon, Mphasis, Kajaria Ceramics, MCX and Mphasis are some of the companies which will announce their Q3 results today.
Axis Bank: Fair trade regulator Competition Commission of India (CCI) said it has approved the stake acquisition in Max Life Insurance Company by Axis Bank, Axis Capital and Axis Securities.
Larsen & Toubro Technology Services (LTTS) on Wednesday posted an 8.8 per cent decline in consolidated net profit to Rs 186.1 crore for the December 2020 quarter. The company had registered a net profit of Rs 204.1 crore in the year-ago period, it said in a regulatory filing. Its revenue fell 1.6 per cent to Rs 1,400.7 crore in the quarter under review from Rs 1,422.9 crore a year ago, it added. On a sequential basis, the net profit was higher by 12.4 per cent from Rs 165.5 crore, while revenue increased 6.6 per cent from Rs 1,313.8 crore in the September 2020 quarter. Our Q3 results marked another quarter of resilient performance with growth in revenue, deal wins, operating margin and free cash flow. All five of our industry segments grew sequentially, while three segments - Industrial Products, Plant Engineering and Telecom & Hitech grew over 5 per cent, LTTS CEO and Managing Director Keshab Panda said.
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