Pre Market: Dalal Street likely to open higher; Airtel, Eicher and Divi’s shares in focus

Airtel: The telecom operator aims to leverage its 180 million plus digital service customers and its wide presence in rural areas to grow its payment bank business. The company said it offers a plethora of services such as attractive interest rates, gift cards, FASTag, telecom recharges, payments and debit cards. It added their large merchant base of more than eight million allows them to drive both engagement and monetisation.

Eicher Motors: The makers of Royal Enfield motorcycles posted a 9 per cent year-on-year rise in consolidated profit at Rs 373.2 crore in July-September quarter of FY22 boosted by growth in commercial vehicles segment. Its operating revenue during the quarter stood at Rs 2,249.56 crore as against Rs 2,133.6 crore in the year-ago period. It sold 1,23,515 motorcycles, a decline of 17.2 per cent from 1,49,120 motorcycles in the same period last fiscal due to semi-conductor shortage.

Sun TV: The media company’s consolidated profit after tax rose to Rs 395.55 crore in Q2FY22, from Rs 335.02 crore in the same period last year. Its revenue from operations increased to Rs 848.67 crore in the second quarter from Rs 768.69 crore in the same quarter of last fiscal. The company said its regular business operations was affected by the outbreak of the COVID-19 pandemic and the subsequent lockdown.  

Divi’s Labs: The drugmaker’s consolidated net profit rose 16.7 per cent to Rs 606.46 crore in Q2FY22 from Rs 519.59 crore in Q2FY21 on the back of robust sales. Its consolidated total income during July-September 2021 stood at Rs 2,006.62 crore, compared with Rs 1,762.94 crore in the year-ago period.

CDSL: The company’s KYC arm, CDSL Ventures Limited (CVL), has been exposed to data breach of over 4 crore Indian investors twice in a period of 10 days, according to cyber security consultancy startup CyberX9. CDSL said that CVL has taken immediate action and the vulnerability has been mitigated now.

Muthoot Finance: The company’s standalone net profit rose 11 per cent to Rs 994.01 crore in Q2FY22, from Rs 894.38 in Q2FY21It total revenue from operation rose to Rs 2830.43 crore in the reported quarter from Rs 2583.41 crore in the same period last year.

Bata India: The footwear company registered a consolidated net profit of Rs 37.18 crore in Q2FY22, helped by an increase in sales from its retail outlets, e-commerce platforms and expansion drive of the company. The company had posted a net loss of Rs 44.31 crore in the same period a year ago. Its operating revenue increased to Rs 614.12 crore in the quarter from Rs 367.87 crore in the corresponding quarter last fiscal.

Suven Pharma: The drugmaker posted a 31 per cent increase in its consolidated net profit at Rs 97 crore in Q2FY22, as against a net profit of Rs 74 crore in the July-September period of the previous fiscal. Operating revenue rose to Rs 301 crore in the second quarter, from Rs 237 crore in the year-ago period. It noted that its business and research operations in India and our wholly-owned subsidiary, Suven pharma Inc USA continues to be impacted due to the pandemic.

PNB Housing Finance: The company’s MD and CEO Hardayal Prasad said it pulled out of the Rs 4,000-crore Carlyle-led deal as the company did not want to entangle in a long legal battle and lose focus on the lending business. The deal was mired in controversy with regards to the valuation of the shares being offered to the investors.

HCL Tech: The company announced that it has launched its Amazon Web Services (AWS) Business Unit (AWS BU) to help enterprises globally accelerate their cloud transformation journey. The new business unit will help companies to modernise their legacy systems and mainframe applications, and reliably adopt cloud technologies that boost efficiency, achieve objectives and meet regulatory compliance.