Stocks That Released Earnings After Friday’s Choppy Session; BPCL, IOC & More

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Stocks That Released Earnings After Friday’s Choppy Session; BPCL, IOC & More
Credit: © Reuters.

By Malvika Gurung -- Dr. Reddy’s Laboratories Ltd (NS: REDY ): Driven high on its growing business of global generics and proprietary drugs, the pharmaceutical company reported a 30% rise in its consolidated net profit at Rs 992 crore, and 18% rise in consolidated revenues on a YoY basis, for the quarter ending September. The company’s stock surged 3.10% at Rs 4,803.05 at 10:40 am.

Bharat Petroleum Corp. Ltd. (NS: BPCL ): The public sector oil refiner reported a rise in net profit by 24% YoY for the September quarter, despite international oil prices soaring to multi-year highs. The company’s revenue rose by 53.7% to Rs 1.02 lakh crore for the same period. Its shares increased by 1.54% to Rs 424.15.

Vedanta Ltd (NS: VDAN ): The company’s consolidated net profit grew by 5.5 times to Rs 4,615 crore on a YoY basis for the September quarter, backed on aluminium prices touching an all-time high in September on the London Metal Exchange. Its revenue rose by 44.4% YoY. The stock was trading at Rs 307.15, up 1.05% at 10:45 am on Monday.

Bandhan Bank Ltd (NS: BANH ): The Kolkata-based lender reported losses worth Rs 3,008.6 in Q2 FY22, due to heightened provisions worth Rs 4,600 crore for bad loans, while its NII increased by 0.6% YoY. The bank’s shares were last found trading at Rs 278.8, sliding 4.34%.

Indian Oil (NS: IOC ) Corporation: Reporting a rise in net profit by 1.14% YoY for Q2 FY22, IOC has announced an interim dividend of Rs 5/share to eligible shareholders. The oil company’s revenue for the quarter rose by 47% YoY to Rs 1,71,787.19 crore. The petroleum refiner’s stock rose marginally by 0.66% to Rs 128.80.

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