Stocks in Focus on Feb 4: ITC, Tata Steel, Indigo & More

  • Stock Market News
Stocks in Focus on Feb 4: ITC, Tata Steel, Indigo & More
Credit: © Reuters.

By Malvika Gurung -- ITC (NS: ITC ): The cigarette-to-hotels conglomerate reported a 15% YoY and 8% QoQ rise in net profit at Rs 4,056.73 crore in Q3, while its standalone revenue rose 32.5% YoY to Rs 15,862.32 crore.

Adani Power (NS: ADAN ): The company’s net profit for Q3 came in at Rs 218.5 crore, compared to a loss of Rs 288.7 crore in Q3 FY21, while revenue declined 22.2% YoY to Rs 5,360.9 crore.

Titan (NS: TITN ) Company: The Indian luxury products company exceeded the Street’s estimates, posting a higher net profit, revenue, operating profit and operating margin in Q3. Its net profit zoomed 135.6% YoY to Rs 987 crore, and revenue surged 30.6% YoY to 9,515 crores.

GAIL (NS: GAIL ): The state-owned natural gas corporation reported a whopping 121% YoY growth in net profit at Rs 3,288 crore in Q3, exceeding the Street’s estimate, and its revenue rose 20% YoY to Rs 25,775 crore, as a result of hiked domestic gas prices in H2 FY22.

Power Grid Corporation (NS: PGRD ): The state-run power major’s board approved to invest Rs 677.59 crore in transmission projects, in a meeting held on February 2.

Radico Khaitan (NS: RADC ): The alcohol manufacturer reported its net profit at Rs 79.13 crore in Q3, declining 5.9% on a YoY basis, while its revenue grew 12% YoY to Rs 766 crore.

Blue Star (NS: BLUS ): The AC maker posted a better-than-expected earnings result in Q3, with revenue surging 34% YoY and 22% sequentially to Rs 1,510 crores, and the consolidated net profit rose 29.4% YoY to Rs 47.57 crore.

Companies including Tata Steel (NS: TISC ), IndiGo (NS: INGL ), Siemens (NS: SIEM ), Shree Cements (NS: SHCM ), Paytm (NS: PAYT ), Bank of India (NS: BOI ), and Aditya Birla Fashion (NS: ADIA ), among others will release their earnings for the Dec 2021 quarter today.

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