Jul 20, 2021By: Rounak Jain
Reported a 9.4 percent rise in net profit in the June 2021 quarter to ₹3,213 crore, while revenue surged by 12.5 percent to ₹20,068 crore, year-on-year.
In its filing, the company said it expects double digit growth to continue through FY22, primarily driven by cloud and digital transformation deals.
In response to the government stating that some Adani group companies are being probed by SEBI and DRI, the company said that it has received no such communication from SEBI, and the DRI notice was issued 5 years ago.
Media reports suggest that the government is considering divesting its stake in ITC. It currently holds a 7.93 percent stake in the company, valued at ₹20,250 crore.
Bajaj Finance, Asian Paints, Shyam Metalics, CRISIL, ICICI Prudential Life Insurance, ICICI Securities, India Tourism Development Corporation, JSW Ispat Special Products, Mangalam Organics, Jubilant Ingrevia and more.
Media reports suggest that the government’s bid to divest a majority stake in the oil marketing company has slowed down and divestment could happen in early 2022 instead. The selloff could fetch the government up to $6.9 billion.
It reported nearly double the net profit in the June 2021 quarter at ₹534 crore, against ₹268 crore a year ago. Revenue surged nearly 50 percent to ₹3,885 crore from ₹2,601 crore, year-on-year.
Nomura’s investment fund acquired 10 lakh shares in the company at ₹1,715.33 per share.
Nomura’s trust fund acquired 5 lakh shares in the company at ₹1,714.6 per share.
It has secured an export order worth ₹120 crore.
Its board will meet to consider raising funds through debt securities, equity instruments or convertible debt securities.