Earnings Posted by Key Stocks Yesterday: Shares Swing Upto 8% on Friday

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Earnings Posted by Key Stocks Yesterday: Shares Swing Upto 8% on Friday
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Hindalco Industries (NS: HALC ): The mining company posted its best-ever quarterly net profit in the March quarter at Rs 3,851 crore, while its consolidated revenue surged 37.7% YoY to Rs 55,764 crore, led by a rise in the prices of commodities and higher volumes.

NMDC (NS: NMDC ): The state-owned mining company’s net profit declined 36% YoY to Rs 1,812.98 crore in the March quarter, as its total expenses zoomed 55.8% YoY to Rs 4,156.62 crore in the period.

Muthoot Finance (NS: MUTT ): The country’s largest gold loan NBFC reported a marginal 1.75% drop in its consolidated net profit at Rs 1,006.23 crore in Q4 FY22, as its core interest income declined, and revenue from operations fell 2.67% to Rs 3,021 crore. Shares tanked 8.2% in early trade on Friday.

Berger Paints (NS: BRGR ): The paint company’s consolidated net profit increased 5.6% YoY to Rs 220.3 crore in Q4, and revenues rose 8% YoY to Rs 2,187.5 crore.

Cummins India (NS: CUMM ): The engine equipment manufacturer’s standalone PAT rose marginally to Rs 189.15 crore in Q4 and sales from operations climbed 7% YoY to Rs 1,468.5 crore.

Page Industries (NS: PAGE ): The company’s net profit surged 64.9% YoY to Rs 190.52 crore in Q4, its revenue from operations climbed 26.15% YoY to Rs 1,111.1 crore and total expenses were up 18.6% YoY to Rs 870.04 crore. Shares zoomed past 7% in early trade today.

Motherson Sumi Wiring (NS: MSWI ): Its net profit declined 72.7% YoY to Rs 46.4 crore despite a 10% YoY uptick in revenues, as expenses rose in the period.  

Kirloskar Industries (NS: KIRL ): The company reported a consolidated loss of Rs 44.2 crore in the March ending quarter, compared to a profit of Rs 133.7 crore in the same period last year.

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