Results on April 22: Reliance Industries, Aarti Surfactants, Aditya Birla Money, Mahindra Logistics, Rallis India, Tejas Networks, Tamilnad Mercantile Bank, Hatsun Agro Product, Kesoram Industries, K P Energy, Epigral, Piccadily Agro Industries, Piccadily Sugar & Allied Industries, Rajratan Global Wire, and Trident Lifeline will be in focus ahead of declaring their quarterly earnings.

Wipro: The technology services and consulting company has recorded a consolidated net profit of Rs 2,834.6 crore for the quarter ended March FY24, growing 5.2 percent over the previous quarter. IT services revenue fell 0.3 percent sequentially to Rs 22,079.6 crore during the same period. EBIT grew by 2.2 percent QoQ to Rs 3,619.5 crore with a margin expansion of 40 bps at 16.4 percent in Q4 FY24, which both came in ahead of analysts' expectations. IT services revenue in dollar terms increased by 0.1 percent QoQ to $2,657.4 million during the quarter, but revenue in constant currency was down 0.3 percent QoQ. Wipro sees revenue in the range of $2,617–$2,670 million in Q1 FY25.

Zomato: The food delivery giant has received an order for GST demand of Rs 5.9 crore with interest and a penalty of Rs 5.9 crore from the Additional Commissioner, Central Goods and Services Tax, Gurugram, for the period July 2017 to March 2021.

ICICI Bank: The private sector lender said the board will be meeting on April 27 to consider fundraising via the issuance of debt securities in domestic markets.

HDFC Bank: The private sector lender has recorded a standalone net profit of Rs 16,511.9 crore for the quarter ended March FY24, growing 0.9 percent over the previous quarter, impacted by significantly higher provisions. Net interest income for the quarter, at Rs 29,077 crore, increased by 2.1 percent over the previous quarter. On the asset quality front, the gross NPA dropped by 2 bps QoQ to 1.24 percent, but the net NPA rose 2 bps to 0.33 percent for the quarter.

Allcargo Gati: The total volume, including surface and air express, stood at 111 kt for March 2024, an increase of 3 percent compared to March 2023 and up 7 percent compared to February 2024.

Vodafone Idea: The telecom operator will close its follow-on public offer (FPO) of Rs 18,000 crore on April 22. The issue has been subscribed to 49 percent till the second day of bidding.

Central Bank of India: The public sector lender has entered into a distributorship agreement with Aditya Birla Sun Life AMC for the distribution of their mutual fund products to the bank's customers on a do-it-yourself (DIY) model.

JSW Energy: The company bagged a letter of award from NTPC Ltd. for setting up 1,500 MW of ISTS-connected solar power projects.

Ircon International: The company has received a VAT demand of Rs 42.87 crore for its RCF Raebareli project for the year 2014–15. The company prefers an appeal against this demand order in the Tribunal, Bench-II, Commercial Tax Department, Lucknow.

Dr Reddy's Laboratories: The global pharma company has launched the condition management program DailyBloom IBS. DailyBloom IBS is India’s first integrated care plan for irritable bowel syndrome (IBS). IBS is a functional gastrointestinal disorder characterized by abdominal pain, bloating, and altered bowel habits.

Sterling and Wilson: The company posted a net profit of Rs 1.4 crore in Q4 as against a net loss of Rs 421.11 crore in the year-ago period. A spike in revenue helped the company report a net profit in the quarter gone by. During Q4, the company's total income increased to Rs 1,211.40 crore from Rs 86.36 crore a year ago.

Yes Bank: The lender has received income-tax computational statements from the Jurisdictional Assessing Officer, determining a refund of Rs 284.21 crore (including interest of Rs 113.44 crore) about AY 2011-12 to AY 2013-14. The income-tax department has appealed against the Income-tax Appellate Tribunal's (ITAT) consolidated order before the Bombay High Court.

Sanghvi Movers: Sham Dattatraya Kajale has decided to step down as Joint Managing Director of the company but will continue as Chief Financial Officer of the company. He would like to concentrate on future strategic and financial planning.

Satin Creditcare Network: The microfinance institution said the board of directors will be meeting on April 24 to consider fundraising via the issuance of non-convertible debentures on a private placement basis.

HDFC Asset Management Company: The company has reported a standalone revenue of Rs 541.1 crore for the March FY24 quarter, growing 43.8 percent over the year-ago period. Revenue from operations grew by 28.6 percent year-on-year to Rs 695.4 crore during the quarter. The board has recommended a dividend of Rs. 70 per share.

National Fertilizers: The Department of Public Enterprise, Ministry of Finance, Government of India has granted Navratna status to the company.

Indian Renewable Energy Development Agency: The green financing NBFC has reported a net profit of Rs 337.4 crore for the March FY24 quarter, rising 33 percent over the corresponding period of the last fiscal. Net interest income grew by 35.07 percent to Rs 481.4 crore during the same period, and total revenue from operations increased by 34.3 percent to Rs 1,391.3 crore. The loan book at Rs 59,698.11 crore for the quarter grew by 26.81 percent, and loan disbursement for the quarter at Rs 12,869.35 crore increased by 14 percent YoY.

Jio Financial Services: The financial services company recorded a profit of Rs 310.6 crore for the quarter ended March FY24, growing 5.7 percent over the previous quarter. Interest income for the quarter at Rs 280.7 crore increased by 4.3 percent, and total revenue from operations rose by 1 percent to Rs 418.1 crore compared to the December FY24 quarter.

Rushil Decor: Rushil Modala Ply, a subsidiary of the company, has commenced commercial production of plywood in its factory in Karnataka.

UltraTech Cement: The company has announced the acquisition of a grinding unit from India Cements. The unit, having an installed capacity of 1.1 million metric tonnes per annum (mtpa) and a captive railway siding, is situated in Parli, Maharashtra. The acquisition, valued at ?315 crore, was finalized through an Asset Purchase Agreement between UltraTech Cement and India Cements.

Greenhitech Ventures: Trading in equity shares of the company will commence on the BSE SME with effect from April 22. The issue price is Rs 50 per share. The stock will be in the trade-for-trade segment for 10 trading days.

Sona BLW Precision Forgings: The company inaugurated its new manufacturing plant in the Fipasi Industrial Park, Silao, Mexico. This strategic expansion aims to cater to the growing demand for high-quality driveline solutions for Battery Electric Vehicles (BEVs) in North America. The new facility will specialize in producing differential assemblies and reduction gears meticulously designed for BEVs.

Paisalo Digital: The company's board of directors will consider the allotment of commercial papers on a private placement basis at its meeting, scheduled for April 25.

Alok Industries: The textile company narrowed its consolidated net loss to Rs 215.9 crore in the January-March quarter. It reported a consolidated net loss of Rs 297.5 crore during the same quarter last fiscal. Revenue from operations fell 6 percent year over year to Rs 1,469.3 crore, down from Rs 1,570.4 crore in the year-ago period.

Aditya Birla Fashion & Retail (ABFRL): The company said the board has approved the vertical demerger of Madura Fashion and Lifestyle Business (MFL Business) from ABFRL into a newly incorporated company, Aditya Birla Lifestyle Brands (ABLBL). ABLBL will be listed separately upon completion of the demerger. The demerger will be implemented through an NCLT scheme of arrangement, and upon its completion, all shareholders of ABFRL will have identical shareholdings in both companies (ABLBL and ABFRL). The shareholders of ABFRL will get one share of ABLBL for every one share in ABFRL, in addition to their existing shareholding in ABFRL. Within 12 months after the completion of the demerger, ABFRL plans to raise Rs 2,500 crore in equity capital to strengthen its balance sheet and fund the growth of the remaining businesses.