Paytm: On Friday, digital financial services firm One97 Communications, which operates under the Paytm brand, reported a 761.4 crore consolidated loss for the quarter ended March 2022, owing to an increase in payment processing charges and employee benefit expenses.
BHEL: State-owned engineering firm BHEL returned to profitability on Saturday, posting a consolidated net profit of 912.47 crore in the March quarter, boosted by higher revenue. According to a regulatory filing, the company had a consolidated net loss of 1,036.32 crore in the previous quarter.
Mortgage lender Indiabulls Housing Finance Lower credit costs and higher profit from its co-lending business helped Indiabulls Housing Finance Company increase profit after tax (PAT) by 11.23 percent to 307 crore in the fourth quarter ended March 2022.
Sun Pharma is a pharmaceutical company. Following a customer complaint, Sun Pharma is recalling approximately 10,500 bottles of a generic drug used to treat major depressive disorders in the United States.
PGCIL: The state-owned Power Grid Corporation of India Ltd increased its consolidated net profit by 18% to Rs 4,156.44 crore in the March 2022 quarter, owing to higher income. Power Grid Corporation of India Ltd (PGCIL) reported a consolidated net profit of 3,526.23 crore in the previous quarter in a BSE filing.
According to a company official, auto component manufacturer Wheels India has planned to invest about 155 crore in the current financial year to expand its construction equipment and aluminium wheels business.
Amara Raja Batteries: In the fourth quarter ended March 2022, Amara Raja Batteries Ltd reported a 47.80% drop in consolidated net profit to 98.85 crore. Amara Raja Batteries Ltd reported a net profit of 189.38 crore for the January-March period last year in a regulatory filing.
Arvind SmartSpaces: For the quarter ended March, real estate firm Arvind SmartSpaces reported a two-fold increase in net profit at 14 crore. In the previous year, it made a profit of 6.6 crore.
JK Tyre & Industries reported an 80% drop in consolidated net profit for the fourth quarter ended March 31, 2022, to Rs 38.22 crore, owing to higher expenses primarily due to rising input costs.
Karur Vysya Bank: Karur Vysya Bank, based in South India, reported a more than two-fold increase in net profit to 213.47 crore in the March 2022 quarter, owing to a decrease in bad loans. In the same quarter of the previous fiscal, the bank made a net profit of 104.37 crore.
