Stocks in the news: Tata Steel, Hero Moto, VIL, NMDC and Ashok Leyland

ONGC, Grasim, IGL: Oil and Natural Gas Corporation,

, , Indraprastha Gas, , , Indian Railway Finance Corporation, General Insurance Corporation of India, , Network, Bayer Cropsciences and NHPC are among the companies that will announce quarterly earnings today.

Tata Steel: The Tata group’s steel producer posted a consolidated net profit of Rs 9,768.34 crore for June quarter 2021-22. In the year-ago period, the company incurred a net loss of Rs 4,648.13 crore.

Hero Motocorp: The country’s largest two-wheeler maker said its consolidated net profit surged over four-folds to Rs 256 crore for the first quarter ended June 30, riding on the back of robust sales during the period. The company had reported a consolidated net profit of Rs 58 crore in the April-June quarter of 2020-21 fiscal.

Vodafone Idea: The troubled telecom operator has filed a review petition in the Supreme Court after the apex court recently dismissed its plea for rectification of the alleged errors in the calculation of adjusted gross revenues-related dues.

NMDC: The state-owned miner posted an over six-fold jump in its consolidated net profit to Rs 3,191.30 crore in the first quarter ended June, mainly on account of higher income. The company had reported a net profit of Rs 531.35 crore in the same period a year ago.

Ashok : The commercial vehicles maker reported narrowing of its net loss to Rs 282 crore in the three months to June 2021. The Hinduja Group flagship company had posted a net loss of Rs 389 crore in the same period a year ago.

Aurobindo Pharma: The drug firm reported a 1.68 per cent decline in its consolidated net profit to Rs 769.97 crore for the quarter ended on June 30, 2021, mainly on account of reduction in expenses. The company had posted a net profit of Rs 783.16 crore for the corresponding period of the previous fiscal.

Rail Vikas Nigam: The railway firm reported a 64.73 per cent rise in its consolidated net profit to Rs 232.26 crore for the quarter ended June 30, 2021. The public sector enterprise under the Ministry of Railways had clocked a consolidated net profit of Rs 140.99 crore in the year-ago quarter.

India: Leading shoemaker is working on portfolio changes towards casuals and sneakers as part of its business growth plans and channel expansion through franchise.

JB Chemicals & Pharmaceuticals: The drug firm reported a consolidated net profit of Rs 119.05 crore for the quarter ended on June 30, 2021. The company had posted a net profit of Rs 119.50 crore for the corresponding period of the previous fiscal.

Sundram Fasteners: The TVS Group company posted a net profit of Rs 112.55 crore in three months to June despite facing challenges caused by the second wave of the coronavirus pandemic. It had a net loss of Rs 23.48 crore in the year-ago period.


Nucleus Software: The IT company posted about 83 per cent decline in consolidated profit after tax to Rs 6 crore in the first quarter ended on June 30, 2021, due to the impact of Covid-19 pandemic. It had registered a profit after tax (PAT) of Rs 36.33 crore in the same period a year ago.

Gulf Oil Lubricants: The lubes maker on reported a 77 per cent growth in profit after tax (PAT) at Rs 30.35 crore for the quarter ended June. The Hinduja Group company had posted a PAT of Rs 17.7 crore in Q1 FY21.


Future group stocks: Promoters, including Kishore Biyani and several group holding companies, have approached the Supreme Court against an order passed by the Delhi High Court directing to enforce the order of the Singapore-based Emergency Arbitrator.


Schneider Electric Infrastructure: The electric equipment firm said its net loss narrowed to Rs 16 crore during the quarter ended June 30, 2021. During the April-June period of financial year (FY) 2020-21, the company had suffered a loss of Rs 29 crore.

India: The direct-to-home firm reported a 34.07 per cent decline in its consolidated net profit to Rs 49.14 crore for the first quarter ended in June 2021. The company had reported a net profit of Rs 74.54 crore in the April-June quarter a year ago.

Indostar Capital Finance: The non-banking finance company reported a net loss of Rs 36.8 crore in the quarter ended June 30, 2021. The companyshad registered a net profit of Rs 47.20 crore in the year-ago quarter ended on June 30.

Garware Technical Fibres: Technical textiles manufacturer posted an 80.6 per cent growth in profit after tax at Rs 31.9 crore during the quarter ending June 30, 2021. The company’s PAT stood at Rs 17.7 crore in the corresponding period of FY21.