Tata Consumer Products: The FMCG company recorded a consolidated net profit of Rs 268 crore for the quarter ended March FY24, declining sharply by 23 percent compared to the same period last fiscal despite healthy operating numbers, and topline, impacted by an exceptional loss of Rs 216 crore. Revenue from operations grew by 9 percent year over year to Rs 3,927 crore for the quarter. EBITDA increased by 22 percent year-on-year to Rs 631 crore, with a margin expansion of 180 bps to 16.1 percent for the quarter. The company has recommended a dividend of Rs. 7.75 per share.

NHPC: The state-owned entity has signed a supplementary joint venture agreement with JV partners for the sale of a partial stake in the National High Power Test Laboratory (NHPTL). The joint venture partners are NHPC, NTPC, Power Grid Corporation of India, DVC, CPRI, and NHPTL. NHPC holds a 20 percent stake in NHPTL.

Dr. Reddy’s Laboratories: The pharma company has voluntarily recalled six lots of Sapropterin Dihydrochloride powder for oral solution 100 mg due to powder discoloration in some packets, leading to decreased potency. The issue was discovered during an accelerated stability test, in addition to customer complaints.

Vodafone Idea: The Capital Raising Committee of Vodafone has allotted 1,636.36 crore equity shares worth Rs 18,000 crore at the offer price of Rs 11 per equity share. The follow-on public offer (FPO) was opened on April 18–22. After the allotment of equity shares via FPO, the paid-up equity share capital of the company increased from Rs 50,119.82 crore to Rs 66,483.45 crore.

Lupin: The US Food and Drug Administration (US FDA) has issued an establishment inspection report for the company's Aurangabad manufacturing facility. The US FDA has determined that the inspection classification of the facility is voluntary action indicated (VAI). The inspection of the said facility was conducted on March 6–15, 2024.

Bandhan Bank: Europe-based financial services company Societe Generale has bought 1,21,16,098 equity shares (equivalent to 0.75 percent of paid-up equity) in the lender at an average price of Rs 180.8 per share, valued at Rs 219.06 crore. However, UK-based hedge fund Marshall Wace Investment Strategies - Eureka Fund sold 1,17,48,919 equity shares in the bank at the same price, amounting to Rs 212.42 crore.

Multi Commodity Exchange of India: The commodity exchange has reported a net profit of Rs 87.87 crore for the March FY24 quarter, increasing significantly from Rs 5.45 crore in the corresponding period of the last fiscal. Revenue from operations grew by 35.4 percent year-on-year to Rs 181.1 crore during the quarter. The board has recommended a final dividend of Rs 7.64 per equity share for FY24.

Bank of Baroda: Societe Generale has purchased 3,26,38,297 equity shares of the bank at an average price of Rs 261.3 per share via open market transactions, valued at Rs 852.8 crore. However, Marshall Wace Investment Strategies - Eureka Fund offloaded 3,16,25,157 equity shares at an average price of Rs 261.3 per share, amounting to Rs 826.36 crore.

SH Kelkar and Company: The fire incident occurred at the company's Vashivali facility in Khalapur (Maharashtra) on April 23. However, there was no loss of human life. The company has taken adequate insurance coverage against the loss or damage caused by such incidents and will file its claim in due process.

Manappuram Finance: Societe Generale has bought 73,58,579 equity shares in the gold loan financing company at an average price of Rs 191 per share, amounting to Rs 140.55 crore. However, Marshall Wace Investment Strategies - Eureka Fund sold 71,30,120 equity shares of the company at the same price, valued at Rs 136.18 crore.

Results on April 24: Hindustan Unilever, Axis Bank, LTIMindtree, Nippon Life India Asset Management, Microtech Developers, Syngene International, 5paisa Capital, Anant Raj, AU Small Finance Bank, Chennai Petroleum Corporation, Dalmia Bharat, DCB Bank, Equitas Small Finance Bank, Indian Hotels, MAS Financial Services, Oracle Financial Services Software, and Supreme Petrochem will be in focus ahead of quarterly earnings on April 24.

Huhtamaki India: The packaging solutions provider has recorded a net profit of Rs 26 crore for the quarter ended March FY24, falling 26.7 percent compared to the year-ago period, dented by weak topline and operating numbers. Revenue from operations declined 7.8 percent year-on-year to Rs 610 crore for the quarter.

ICICI Prudential Life Insurance Company: The life insurance company registered a profit after tax at Rs 174 crore for the March FY24 quarter, declining 26 percent compared to the corresponding period of the previous fiscal. The value of new business (VNB) declined by 26.4 percent year-on-year to Rs 776 crore during the quarter, and the VNB margin was down 1,050 bps to 21.5 percent in the same period. New business received premiums, which grew by 16.3 percent YoY to Rs 6,553 crore for the quarter. Annual premium equivalent (APE) increased by 9.5 percent year over year to Rs 3,615 crore in Q4 FY24.

Nelco: The company has reported a net profit of Rs 6.1 crore for the quarter ended March FY24, growing 7.77 percent over a year-ago period despite lower topline and operating numbers, partly supported by lower finance costs and depreciation expenses. Revenue from operations declined by half a percent year over year to Rs 81.61 crore for the quarter. Meanwhile, the company has received board approval for the re-appointment of PJ Nath as MD and CEO, with effect from June 13, 2024.

Tata Elxsi: The Tata Group company has reported a 4.6 percent on-year decline in net profit at Rs 196.9 crore for the quarter ended March FY24 on lower topline and weak operating numbers. Revenue from operations fell 0.9 percent year-on-year to Rs 905.9 crore during the quarter. The board has announced a dividend of Rs. 70 per share.

IIFL Finance: The special audit directed by the Reserve Bank of India (RBI) commenced on April 23. On March 4, the RBI suspended the disbursement of new gold loans by the company until the satisfactory completion of the said audit. This measure was part of RBI’s supervisory action over concerns related to certain loan disbursement practices.

Gokaldas Exports: The company has raised Rs 600 crore via the allotment of 77,41,935 equity shares to eligible qualified institutional buyers at an issue price of Rs 775 per share. The qualified institution placement (QIP) issue was opened on April 18.

Cyient DLM: The electronics manufacturing solutions provider has recorded a consolidated net profit of Rs 22.7 crore for the March FY24 quarter, growing significantly by 80.7 percent over the same period in the previous fiscal year despite weak operating margins driven by other income and topline. Revenue from operations increased by 30.5 percent year-on-year to Rs 361.8 crore during the quarter.

Remus Pharmaceuticals: The company has received approval from the board of directors for the issuance of three bonus shares for every equity share held by the eligible shareholders as of the record date.

Adroit Infotech: The software company has entered into a non-binding share purchase agreement with a US-based ERP solutions company. This 100 percent acquisition of the US company will allow Adroit to sell other ERP solutions (Oracle) along with SAP solutions.

Rama Steel Tubes: The company has received approval from the board of directors for raising funds up to Rs 500 crore via a further public offer.

Sakuma Exports: The company has received a contract worth Rs 150 crore for the supply of sugar in the North East, West Bengal, and Bihar regions from Kejriwal Sugar Agencies.