Some corporate and economy snippets for today

1 Nov 2022 , 09:13 AM

Corporate Snippets:

• Larsen & Toubro’s consolidated profit after tax grew y-o-y by 22.5% to Rs 2229 crore in the September quarter.
• Tata Steel’s profit after tax, in the September quarter, has come down y-o-y by 87%.
• Equitas Small Finance Bank’s profit in the September quarter grew y-o-y by 183% to Rs 116 crore.
• Bain Capital will sell its 1.24% stake in Axis Bank for Rs 3,350 crore. This block deal will take place today.
• Bharti Airtel’s net profit in September quarter grew y-o-y by 89% to Rs 2,145.2 crore.

      
Economy Snippets:

• Retail inflation for industrial workers in India increased to 6.49% in September.
• In August, retail inflation for industrial workers had stood at 5.85%.
• Food inflation for industrial workers in September quarter stood at 7.76%.
• Food inflation for industrial workers had stood at 6.46% in August.

 
Results Today:   Sun Pharmaceuticals, Tech Mahindra, Punjab National Bank, Adani Ports and Special Economic Zone, Voltas, Varun Beverages, Nykaa, UPL, Whirlpool India, Tata Investment Corporation, JK Tyre & Industries, Dhanuka Agritech etc.