Stocks Under Focus on May 26: IndiGo, BPCL, Torrent Pharma, Hindalco & More

  • Stock Market News
Stocks Under Focus on May 26: IndiGo, BPCL, Torrent Pharma, Hindalco & More

By Malvika Gurung -- Bharat Petroleum Corp: The state-owned fuel retailer’s net profit declined 82.16% YoY in the March quarter to Rs 2,130.5 crore, while revenue from operations surged 25.1% YoY to Rs 1,23,550.93 crore in the period.

Coal India (NS: COAL ): The state-owned giant’s consolidated net profit jumped 46.3% YoY to Rs 6,715 crore and revenues surged 22.5% YoY to Rs 32,707 crore, as growth was aided by increased production.

MOIL (NS: MOIL ): The Miniratna company’s net profit climbed 13% YoY to Rs 131 crore, led by lower inventory costs and other expenses, while rose marginally by 4% to Rs 467.9 crore in the quarter.

Torrent Pharma (NS: TORP ): The pharmaceuticals company announced a bonus issue of 1:1, and declared a dividend of Rs 23/share, including a special dividend of Rs 15 apiece.

IndiGo: The country’s largest airline reported a consolidated net loss of Rs 1,682 crore in Q4, widening marginally by 2% YoY, due to a 68.2% YoY jump in fuel prices to Rs 3,220.6 crore.

Apollo Hospitals (NS: APLH ): The healthcare company’s consolidated PAT fell 46% YoY to Rs 90 crore in Q4 FY22, and revenue from operations surged 28.6% YoY to Rs 3,546 crore.

National Aluminium Company: The mining company’s consolidated profit rose 9.5% YoY to Rs 1,025.46 crore, backed by higher income, and consolidated income surged 56.8% YoY to Rs 4,492.1 crore.

Companies including Hindalco (NS: HALC ), Berger Paints (NS: BRGR ), Motherson Sumi, Muthoot Finance (NS: MUTT ), Union Bank of India (NS: UNBK ), and Cummins India (NS: CUMM ), among others, will release their earnings results for the March quarter on Thursday.

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