Hero MotoCorp: Two-wheeler major Hero MotoCorpBSE 2.16 % on Wednesday posted a 13.86 per cent decline in net profit at Rs 717.75 crore for the March quarter, impacted by lower sales and discounts to liquidate banned BS-III models. The company had reported a net profit of Rs 833.29 crore in the same quarter of the previous fiscal.
Trident: The company on Wednesday posted a 63.6 per cent increase in net profit to Rs 99.7 crore for the fourth quarter ended March 2017. The home textiles and paper products maker had posted a net profit of Rs 60.9 crore in the year-ago period, it said in a statement.
Dalmia Bharat: Dalmia Bharat, manufacturer of Dalmia Cement, reported a steep jump of 94.16 per cent in its consolidated net profit at Rs 184.05 crore for the fourth quarter ended March. The company reported a net profit of Rs 94.79 crore in January-March a year-ago.
Hindalco: Novelis Inc, an overseas subsidiary of Hindalco IndustriesBSE 3.74 %, announced 46 per cent jump in net income at $73 million during the fourth quarter ended March 2017. Novelis grew its fourth quarter fiscal 2017 net income 46 per cent to $73 million, and increased full year net income by 78 per cent to $233 million.
Vardhman Textiles: The company on Wednesday reported a 10 per cent drop in net profit to Rs 158.56 crore for the fourth quarter ended March. It had posted a net profit of Rs 176.21 crore in the corresponding period of the last fiscal.
Earnings today: Asian PaintsBSE 0.63 %, Force Motors, GlenmarkBSE 1.22 % Pharma, Granules, HCL TechnologiesBSE -0.09 %, ITD CementationBSE 0.61 % and MT Educare will announce their financial results for the quarter ended March 31, 2017 on Thursday.
Union Bank: Union Bank of IndiaBSE 0.28 % plans to raise a total of Rs 6,350 crore by selling bonds and shares in FY18 as it looks to shore up capital to be ready for an acquisition if the government decides to merge small public sector banks with itself, chairman Arun Tiwari said.
HCL Technologies: The IT major reported a 12.3 per cent quarter-on-quarter rise in March quarter net profit at Rs 2,325 crore compared with Rs 2,070 crore reported for the December quarter.
Bharti Airtel: The telecom major will focus on cost controls and 4G data revenues and spend $2.5 billion in capex in a bid to stave off the stiff challenge posed by new entrant Reliance Jio Infocomm.