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Stocks in the News (28 July):
Bharti Infratel reported a decrease of 15% in Profit BeforeTax to Rs 943 crore for the quarter ended June, against Rs 1,106 crore in the same period of last year. The consolidated profit after tax was down 21% to Rs 704 crore from Rs 887 crore in the same period last year.
Tech Mahindra
reported Profit of Rs 972.3 crore in Q1 2021 versus Rs 803.9 crore in Q1 2020, revenue at Rs 9,106.3 crore versus Rs 9,490 crore QoQ.
United Spirits – Reported Q1 loss at Rs 241.5 crore versus profit at Rs 202.1 crore, revenue at Rs 3,820.7 crore versus Rs 7,292.5 crore YoY.
Tejas Networks – Reported Q1 loss at Rs 9.76 crore versus profit at Rs 5.85 crore, revenue at Rs 80.11 crore versus Rs 161.89 crore YoY.
Pfizer – Reported Q1 profit at Rs 124.45 crore versus Rs 112.81 crore, revenue at Rs 514.89 crore versus Rs 544.40 crore YoY.
ITC announced acquisition of spices manufacturer Sunrise Foods in an all-cash deal (on a
cash-free, debt-free basis) valued at Rs 2,150 crore. In addition, the sellers are entitled to contingent consideration of an amount not exceeding Rs 150 crore, which is payable upon Sunrise achieving mutually agreed operational and financial milestones, over a period of two years,” ITC said in a regulatory filing.
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