May 5, 2021By: Rounak Jain
India’s top steel manufacturer will announce its March 2021 quarter results today.
The Adani group company is all set to announce its March 2021 quarter results today.
It has entered into a memorandum of understanding with Rolls Royce for packaging, installation, marketing and services support for Rolls Royce MT30 marine engines in the country.
Tata Steel, Adani Enterprises, Adani Green Energy, CEAT, Deepak Nitrite, Craftsman Automation, Gillette India, JM Financial, ABB Power Products and Systems India, Shalby.
Its March 2021 quarter net profit jumped nearly 4 times to ₹1,320 crore from ₹340 crore, while revenue increased by 24 percent to ₹3,608 crore, year-on-year.
Its March 2021 quarter net profit fell 34 percent to ₹75 crore and net interest income saw a decline of 11 percent to ₹906 crore, year-on-year.
Its March 2021 quarter net profit rose 18 percent to ₹144 crore, while revenue surged 25 percent to ₹614 crore, year-on-year.
It plans to raise ₹455 crore via issue of non-convertible debentures.
Its board is scheduled to meet on May 7 to consider fund raising via qualified institutional placement (QIP).
The IT services company has announced the launch of its new innovation centre in Holborn, London.