Stocks in Focus on Feb 2: Tech Mahindra, KPIT Tech, HDFC & More

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Stocks in Focus on Feb 2: Tech Mahindra, KPIT Tech, HDFC & More
Credit: © Reuters.

By Malvika Gurung -- Tech Mahindra (NS: TEML )a: The IT player’s consolidated profit increased 6.8% in Q3 to Rs 1,378.2 crore, with the supply side challenges weighing hard on its profits. Consolidated revenue rose 18.7% to Rs 11,450 crore.

Punjab National Bank (NS: PNBK ): The public sector lender’s Managing Director & Chief Executive Officer position has been taken up by Atul Kumar Goel, starting February 1, 2022.

Adani Ports and Special Economic Zone (NS: APSE ): The multi-port operator’s net profit dropped 5.7% YoY to Rs 1,472.3 crore in Q3 and revenue rose 1.3% YoY to Rs 3,797 crore, both figures exceeding the Street’s estimates.

Kansai Nerolac Paints (NS: KANE ): The paint maker’s consolidated net profit declined 38.7% YoY to Rs 125.32 crore in the December quarter, led by raw materials’ input inflation. 

KPIT Technologies (NS: KPIE ): The IT firm’s net profit zoomed 64% YoY to Rs 70.3 crore for the December quarter.

Windlas Biotech (NS: WINL ): The company concluded the SAHPRA inspection audit report, a health audit, for its Plant-IV situated in Dehradun, with no critical observations and major deficiencies. 

Indian Hotels (NS: IHTL ): The hospitality company’s consolidated net profit surged 163.9% to Rs 76.01 crore in Q3, on a YoY basis.

Companies including HDFC (NS: HDFC ), Dabur India (NS: DABU ), Adani Green Energy (NS: ADNA ), Apollo Tyres (NS: APLO ), Jubilant Foodworks (NS: JUBI ), Zee Entertainment (NS: ZEE ), and Windlas Biotech, among others will release their earnings for the December quarter today.

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