Mahindra & Mahindra Financial Services : The company has reported a decline of 37 per cent in standalone net profit at Rs 234 crore for the last quarter ended March 31, 2017. Its net profit stood at Rs 370 crore in the corresponding quarter a year ago.
IDFC Bank : The bank on Tuesday posted a net profit growth of 7 per cent at Rs 176 crore for the fourth quarter ended March. The corresponding figure in the previous fiscal read Rs 165.10 crore. Income during the quarter grew by a marginal 1 per cent to Rs 558.40 crore, as against Rs 554.50 crore.
Axis Bank : The private sector lender will announce its financial results for the quarter ended March 31, 2017 later in the day.
Wipro : Consolidated net profit of the IT company jumped 7.19 per cent on quarter-on-quarter (QoQ) basis to Rs 2,267 crore for the quarter ended March 31, 2017. It had posted a consolidated net profit of Rs 2114.80 crore in the sequential quarter ended December 31, 2016.
ICICI Prudential Life Insurance : The company on Tuesday reported a marginal increase in net profit at Rs 408.2 crore for the fourth quarter ended March 2017. The insurer had earned a net profit of Rs 403 crore in the same quarter of the previous fiscal.
LIC Housing BSE -0.48 % Finance: Mortgage lender LIC Housing FinanceBSE -0.48 % (LICHFL) on Tuesday reported an 18 per cent growth in net profit at Rs 529.19 crore in the quarter ended March 31, helped by the higher loan growth. The company’s profit after tax was Rs 448.02 crore in the same quarter last year.
Reliance Industries: Reliance Jio Infocomm is expected to pursue its pricing strategy of sharp discounts and complimentary services for the next 12-18 months in a bid to garner about 15 per cent of India’s wireless subscribers, a move that will continue to hurt rivals, analysts said.
Tata Consultancy Services: The company has launched an Aadhaar-enabled payment platform that allows retailers to integrate payments across multiple channels, such as credit or debit card, Aadhaar-based and phone based payments, through a single interface.
Eicher Motors : VE Commercial Vehicles, a joint venture between Volvo AB and Eicher MotorsBSE 0.54 %, would invest Rs 500 crore to make trucks that comply with the latest emission norms after India skipped a stage in the chronologically progressive set of standards monitoring automobile pollution.
Persistent Systems : For the quarter ended March 31, 2017, The company on Tuesday reported a consolidated net profit of Rs 72.80 crore, down 11.10 per cent against Rs 81.89 crore in the sequential quarter ended December 31, 2016.