Stocks in Focus on Feb 11: Hero MotoCorp, ONGC, Zomato & More

Published 11-02-2022, 09:27 am
Updated 11-02-2022, 09:28 am
© Reuters.

By Malvika Gurung

Investing.com -- Hero MotoCorp (NS:HROM): The two-wheeler manufacturer’ standalone net profit declined 36.7% YoY to Rs 686 crore in the quarter ending December 2021, led by lower sales and increasing commodity prices. Its consolidated revenue too slid 19.4% YoY to Rs 7,883 crore in the quarter.

Zomato (NS:ZOMT): The food aggregating company posted a loss of Rs 63.2 crore in the Dec quarter, compared to a loss of Rs 352.6 crore posted in the year-ago period. The platform’s revenue surged 82.3% YoY to Rs 1,112 crore in the period.

Tata Chemicals (NS:TTCH): The chemical maker’s consolidated net profit surged 69.4% YoY to Rs 340 crore, while its revenue from operations climbed 20.5% YoY to Rs 3,141.58 crore in the December quarter.

Bharat Forge (NS:BFRG): The leading forging company’s consolidated net profit in Q3 FY22 stood at Rs 422 crore, compared to a net loss of Rs 210.45 crore reported by the company in Q3 FY21.

Torrent Power (NS:TOPO): The power generator acquired a solar power plant of 25 MW capacity from Blue Diamond Properties and Balrampur Chini, for an enterprise value of Rs 163 crore.

Dr Lal PathLabs (NS:DLPA): The healthcare diagnostics company reported a 39.3% drop in net profit in Q3 FY22 at Rs 58.2 crore, on a YoY basis, while its total revenue in the quarter raised 9.8% YoY to Rs 497 crore.

Quess Corp (NS:QUEC): The country’s largest staffing company’s net profit jumped 93.5% YoY to Rs 89 crore in the quarter ending December, while the revenue rose 31.2% YoY to Rs 3,684.98 crore in the period.

Companies including ONGC (NS:ONGC), Ashok Leyland (NS:ASOK), Divi's Laboratories (NS:DIVI), Motherson Sumi Systems (NS:MOSS), India Cements (NS:ICMN), NHPC (NS:NHPC), and Va Tech Wabag (NS:VATE), among others will release their earnings results for Q3 FY22 today.

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