Wipro, Tata Motors, Maruti, YES Bank among stocks to watch out for on May 2

May 2, 2022

By: Bhakti Makwana

Wipro

The information technology (IT) major posted nearly 4 percent year-on-year growth in consolidated net profit at ₹3,087 crore for the March quarter. Its operating margin stood at 17 percent down from 17.6 percent in the previous quarter.

Credit: BCCL

Tata Motors

The auto maker’s sales in April grew 74 percent to 72,468 units as compared to 41,729 units during the same period last year.

Credit: IndusInd-Bank

Maruti Suzuki India

India’s largest car maker’s sales declined 5.7 percent to 1.50 lakh units in April as compared to 1.59 lakh units in the year ago period.

Credit: IndusInd-Bank

IndusInd Bank

The lender reported 55 percent year-on-year growth in net profit at ₹1,361 crore for Jan-March quarter as against ₹875 crore in the previous year.

Credit: IndusInd-Bank

YES Bank

The lender announced a net profit of ₹367 crore for the Jan-March quarter as against a loss of ₹3,788 crore in the previous year.

Credit: YES-Bank

SBI Cards and Payment Services

The credit card and payment solutions provider reported a three-fold jump in its net profit at ₹580 crore in Jan-March quarter as compared to ₹175 crore during the same period last year.

Credit: Star-Health-and-Allied-Insurance-Company

Just Dial

The local search engine’s net profit slipped 34 percent year-on-year at ₹22.1 crore for the quarter ended March 2022.

Credit: Star-Health-and-Allied-Insurance-Company

Star Health and Allied Insurance Company

The insurance company’s net loss narrowed to ₹82.04 crore for Jan-March quarter from a loss of ₹578.37 crore last year.

Credit: Star-Health-and-Allied-Insurance-Company

IDFC First Bank

The bank posted a two-fold rise in net profit at ₹343 crore in the March quarter as against ₹136 crore last year.

Credit: IDFC-First-Bank

Tata Chemicals

The Tata Group company reported a multi-fold jump in consolidated profit after tax, which stood at ₹470 crore for the quarter ended March as against ₹29.26 crore during the same period last year.

Credit: BCCL

Shriram City Union Finance

The company announced 7.6 percent year-on-year growth in net profit at ₹303 crore in March quarter.

Credit: BCCL

Q4 results today

HDFC, Britannia Industries, Adani Wilmar, IDBI Bank, Inox Leisure, JBM Auto, Jindal Stainless, Mahindra & Mahindra Financial Services, Mahindra Holidays & Resorts India, Alembic Pharmaceuticals, Castrol India, Devyani International, Olectra Greentech among companies to release its quarterly earnings today.

Credit: BCCL

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