Stocks in the news: Bajaj Finance, Century Textiles, HDFC Life, GMDC and Eros Media

Bajaj Finance, , AU SFB: Bajaj Finance, HDFC LIfe Insurance, Macrotech Developers, AU Small Finance Bank, United Breweries, Schaeffler India, Tata Teleservices, Atul, Nippon Life India Asset Management, Sanofi India, Aditya Birla AMC, KPIT Tech, UTI Asset Management are among the companies that will announce their March quarter results today.


Industries India: The battery and flashlights maker reported narrowing of its consolidated net loss to Rs 38.41 crore in the fourth quarter ended March. The company had posted a net loss of Rs 442.53 crore in the January-March period a year ago.


Mahindra CIE Automotive: The Auto component firm posted a consolidated net profit of Rs 161.42 crore for the first quarter ended March. The company had reported a consolidated net profit of Rs 10.09 crore in the year-ago period.

Century Textiles & Industries: The part of the Aditya Birla group reported a Rs 84 crore net income in the March quarter, making a turn around from a Rs 5 crore net loss in the year-ago period as its sales jumped 45 per cent to Rs 1,188 crore.

Mindtree: The IT company and Sapiens International have joined hands to offer solutions to the insurance sector. Initially designed to support insurance system implementations, the partnership will first focus on North America and subsequently grow into Europe and Asia.

Corporation: The mineral miner reported a consolidated profit after tax (PAT) of Rs 176.99 crore for the quarter ended March 2022. The company had posted a consolidated post-tax loss of Rs 184.63 crore in the year-ago period.


Eros International Media: The parent company of Indian entertainer, Eros STX Global Corporationm, said it has completed the sale of its subsidiary STX and has renamed itself with a new identity ‘Eros Media World PLC’. The company has fully repaid $152 million of outstanding JP Morgan credit facility and subordinated credit facilities at STX level.

Veranda Learning Solutions: The recently listed learning solutions provider has acquired T.I.M.E. (Advanced Educational Activities), the leading test-prep institute with a pan-India presence operating through 188 centres for Rs 287 crore.

Gufic Biosciences: The drug maker has received an approval from the CDSCO to manufacture and market a drug used to treat invasive Aspergillosis and Mucormycosis. The company has received approval for the production, sale and distribution of Isavuconazonium Sulfate API and finished formulation Isavuconazole for Injection 200 mg/vial.

Lemon Tree Hotels: The hotel chain company has signed a License Agreement for a 60 room hotel at Kharar, near Chandigarh under the brand ‘Lemon Tree Hotel’. The hotel is expected to be operational by November, 2025, operated and marketed by its subsidiary carnation hotels.

Bank of India: The State-owned lender said it will raise up to Rs 2,500 crore by issuing fresh equity shares in order to comply with the minimum public shareholding requirement of 25 per cent.

PTC India: The NBFC said its shareholders have approved the appointment of three non-executive directors. The nod by shareholders was given at the company’s Extraordinary General Meeting (EGM) held on April 22, 2022 through video-conferencing.

Meghmani Finechem: The speciality chemical pleayer posted a three-fold jump in its consolidated net profit at Rs 99.08 crore for the quarter ended March on strong revenue. The company posted a net profit of Rs 32.76 crore in the same quarter previous fiscal.

Tatva Chintan Pharma Chem: The specialty chemical firm reported a 17 per cent decline in profit to Rs 17.51 crore for the March 2022 quarter, dented by lower topline and operating income. Revenue dropped 9.3 per cent to Rs 98.53 crore during the qaurter.

Zee Learn: The private sector lender Yes Bank has moved National Company Law Tribunal seeking initiation of insolvency proceedings against Zee Learn. The company said that

has allegedly claimed that the total amount in default with respect to a financial facility is Rs 468 crore.

EKI Energy Services: The homegrown consulting service provider said it will generate 1 billion carbon credits by 2027. Carbon credits are earned by reduction of greenhouse gas emission in the atmosphere through climate-friendly projects, and can be used by governments, industries or private individuals to compensate for generating emissions elsewhere.


Shriram Properties: The recently listed realty firm said it plans to sell up to 90 acres of land in Kolkata to Logos for development of logistics and warehousing park. Shriram Properties and LOGOS have entered into a Memorandum of Understanding (MoU) for a potential sale of up to 90 acres of land in Shriram Grand City at Uttarpara, Kolkata.

The Ruby Mills: The textile company has repaid its entire term loans and all unsecured loans of Rs 145 crore.