Adani Power | The thermal power producer reported a sharp rise in profitability for the March quarter, even as revenue growth remained muted and operating performance softened slightly. Net profit for the quarter rose 52% year-on-year to ₹4,017 crore, compared with ₹2,637 crore in the same period last year.
Bajaj Finance | India’s largest NBFC reported a steady set of March quarter earnings on April 29, with profit growth remaining strong on a year-on-year basis, though both net profit and net interest income came in slightly below Street estimates. Net profit for the quarter rose 22% year-on-year to ₹5,465 crore, compared with ₹4,480 crore a year ago.
Schaeffler India Ltd | Industrial and automotive parts maker reported a 25.6% year-on-year rise in first-quarter net profit at ₹316 crore, supported by higher revenue and operating profit.
Navin Fluorine International Ltd | Flurochemicals maker reported fourth-quarter net profit of ₹213 crore, more than double from a year ago and ahead of the CNBC-TV18 poll estimate of ₹156 crore. Net profit for the quarter rose from ₹95 crore in the corresponding period last year to ₹213 crore.
Larsen & Toubro Ltd | The firm has executed a Share Purchase Agreement with Hyderabad Metro Rail Limited for the sale of its entire shareholding in L&T Metro Rail (Hyderabad) Limited for a consideration of ₹1,461.47 crore, the company said in an exchange filing.
IIFL Finance | The company reported a strong performance for the fourth quarter on Wednesday, April 29, with net profit rising sharply to ₹586.8 crore from ₹207.7 crore a year ago, according to an exchange filing.
Indian Hume Pipe Company Ltd | Concrete pipe manufacturing company said it has received a Letter of Acceptance for a ₹458.69 crore order from the Public Health & Municipal Engineering Department, Hyderabad, Telangana, for a water supply improvement project in Greater Warangal Municipal Corporation.
Brigade Enterprises Ltd | The realty firm said the company and Bain Capital have formed a 50:50 joint venture to develop a premium mixed-use project in Whitefield, Bengaluru. The project will be developed on an approximately 11-acre land parcel with a total investment of around ₹2,200 crore.
Jana Small Finance Bank Ltd | The SFB reported a 13.3% year-on-year rise in fourth-quarter net profit at ₹140 crore, compared with ₹123 crore in the same period last year. Net interest income (NII) increased 26.5% to ₹736 crore in the March quarter, up from ₹581.5 crore a year earlier. The net credit cost stood at ₹156 crore in line with guidance.
MOIL Limited | The firm reported a decline in profitability for the March quarter, even as revenue saw modest growth. Net profit for Q4 fell 20% year-on-year to ₹92.6 crore, compared with ₹115.7 crore in the same period last year. The drop in earnings came despite a marginal increase in topline performance.
