Axis Bank, Bajaj Finance, Maruti Suzuki and other hot stocks on October 27 as earnings season gathers momentum

Oct 27, 2021

Credit: BCCL

Axis Bank

A sharp fall in provisions and a surge in fee income gave Axis Bank’s net profit an 86 percent boost to ₹3,133 crore, year-on-year.

Credit: Axis Bank

Contd...

Its net interest income rose 8 percent to ₹7,900 crore, while net non-performing assets stood at 1.2 percent for the September quarter.

Credit: Axis Bank

Bajaj Finance

Its net profit rose 53 percent to ₹1,481 crore in the September quarter, while net interest income surged 28 percent to ₹5,335 crore, year-on-year.

Credit: Unsplash

Maruti Suzuki

India’s leading car maker will declare its September quarter results today.

Credit: BCCL

Earnings today

Maruti Suzuki, ITC, Bajaj Auto, Titan, Larsen & Toubro, Adani Ports & SEZ, Adani Enterprises, SBI Life Insurance, Punjab National Bank, Happiest Minds Technologies, Tata Chemicals, Raymond, Balaji Animes, among others.

Credit: Pixabay

Cipla

Reported a 7 percent rise in net profit to ₹711 crore in the September quarter, while revenue registered a 10 percent growth to ₹5,520 crore, year-on-year.

Credit: Cipla

IDFC, IDFC First Bank

IDFC has written to IDFC First Bank with regards to value unlocking plans which would allow it to exit as a promoter. It currently holds a 36.5 percent stake in IDFC First Bank.

Credit: IDFC First Bank

Ambuja Cements

Its net profit in the September quarter rose 11 percent to ₹891 crore, while revenue was up 8 percent to ₹6,647 crore, year-on-year.

Credit: Ambuja Cements

IRB Infrastructure Developers

Back in the green with a net profit of ₹42 crore, while revenue grew 30 percent to ₹1,465 crore, year-on-year. To raise ₹5,347 crore via a stake sale.

Credit: IRB Infrastructure Developers

Reliance Industries

Has reportedly submitted an expression of interest (EoI) for the bankrupt fabric provider Sintex Industries.

Credit: Reliance Industries