Get App
The benchmark Indian indices closed higher on Thursday, helped by gains in IT stocks, public sector lenders, power and utilities stocks. The Sensex closed 0.58% higher at 54843.98 and Nifty ended 0.50% up at 16364.40
Among sectoral indices, Nifty IT jumped 1.82%, Nifty PSE rose 1.51% and Nifty PSU Bank advanced 1.26%.
Indian rupee strengthened by 17 paise to 74.27 against the US dollar on Thursday.
Earnings Update
IRCTC: The company’s net profit stood at Rs 82 crore in Apr-Jun quarter of FY22, as against a net loss of Rs 24 crore in the same period of FY21. Its operating revenue rose to Rs 243 crore in Q1FY22, up 85.4% from Rs 131 crore in the year-ago period. The board of the company has approved the proposal for a split of 1 share at a face value of Rs 10 each into 5 equity shares at a face value of Rs 2 each, which is subject to approval from Ministry of Railways.
Sundaram Fasteners: The auto ancillary manufacturer reported a consolidated net profit of Rs 120.5 crore in Q1FY22, as against a net loss of Rs 25.4 crore in Q1FY21. Its revenue from operations stood at Rs 1112.43 crore, compared with Rs 373.17 crore in the year-ago period.
Bharat Petroleum Corp: The company posted a 28% decline in net profit at Rs 1501.6 crore in Q1FY22 compared with the same period of FY21. The company’s sales soared to Rs 89687 crore, up 77% from Q1FY21. The rise in crude oil prices increased the company’s raw materials cost in the quarter and it stood at Rs 26805 crore in Q1FY22, compared with Rs 9238 crore in Q1FY21.
Cummins India: The company’s standalone total sales rose 141% to Rs 1167 crore in Q1FY22 from the same period last year. Domestic sales rose 140% to Rs 859 crore in the quarter from the same quarter last year. The profit after tax rose to Rs 236.62 crore in Q1FY22, from Rs 52.56 crore in Q1FY21.