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Tech Mahindra, Bharti Airtel, Indus Towers in focus

Tech Mahindra, Bharti Airtel, Indus Towers in focus

October 26, 2021 8:27 IST | capital market

Axis Bank, Kotak Mahindra Bank, Bajaj Finance, Cipla and Ambuja Cements among others will release their September 2021 quarter earnings today, 26 October 2021.

Tech Mahindra reported 25.8% increase in consolidated net profit to Rs 1338.70 crore on 16.1% rise in revenue from operations to Rs 10881.30 crore in Q2 September 2021 over Q2 September 2020. Tech Mahindras consolidated net profit fell 1.1% and revenue from operations rose 6.7% in Q2 September 2021 over Q1 June 2021.

Bharti Airtel said that the company has confirmed to avail both options - deferment of the payment of spectrum auction instalments due up to four years; and deferment of AGR (adjusted gross revenue) related dues by a period of four years with immediate effect.

Indus Towers reported 38% increase in consolidated profit after tax to Rs 1559 crore on a 8% rise in revenue to Rs 6877 crore in Q2 FY22 over Q2 FY21.

HDFC Asset Management Company reported profit after tax of Rs 344.38 crore in Q2FY22 against Rs 338.06 crore in Q2FY21. Total income rose to Rs 608.40 crore from Rs 569.95 crore YoY.

Ceat reported consolidated net profit of Rs 42.28 crore in Q2FY22 against Rs 182.18 crore in Q2FY21. Total income increased to Rs 2454.52 crore from Rs 1982.24 crore YoY.

Kansai Nerolac Paints reported 38.1% fall in profit after tax to Rs 99 crore on a 16.2% rise in revenue to Rs 1521 crore in Q2 FY22 over Q2 FY21.

Adani Total Gas said the companys board will consider on October 28 a proposal to raise funds via a medium-term note program of as much as $750 million, or its equivalent in any currency, in one or more tranches.

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