Tata Steel, SBI, InterGlobe Aviation, Paytm and other hot stocks on February 7

Feb 7, 2022

By: Rounak Jain

Tata Steel

Reported a 158 percent surge in net profit to ₹9,573 crore while revenue jumped 45 percent to ₹60,783 crore, year-on-year.

Credit: Tata-Steel

SBI

The state banker reported a net profit of ₹8,432 crore as against ₹5,196 crore a year ago, while net interest income increased to ₹30,687 crore from ₹28,820 crore. Net non-performing assets stood at 1.34 percent.

Credit: Wikimedia

InterGlobe Aviation

Reported a net profit of ₹128 crore as against a loss of ₹627 crore a year ago. Revenue surged sharply by 89 percent to ₹9,295 crore.

Credit: BCCL

Paytm

Losses ballooned to ₹778 crore from ₹536 crore, but revenue saw a jump of 89 percent to ₹1,456 crore, year-on-year.

Credit: Paytm

Reliance Industries

Its subsidiary Jio Platforms announced the acquisition of a 25 percent stake in AI company, Two Platforms Inc., for $15 million.

Credit: Reliance-Industries

Zee Entertainment

IndusInd Bank filed an insolvency petition against the company claiming a default of ₹83 crore.

Credit: Zee-Entertainment

Shree Cement

Net profit fell over 21 percent to ₹492 crore, while revenue edged up 6.8 percent to ₹3,552 crore, year-on-year.

Credit: Shree-Cement

Earnings today

TVS Motor, Nalco, Borosil, Castrol India, Fortis Malar, Indo Count Industries, PB Fintech, Tarsons Products, among others.

Credit: Pixabay

Siemens

Reported a 15 percent decline in net profit to ₹245 crore while revenue increased 12 percent to ₹3,240 crore, year-on-year.

Credit: Siemens

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