Benchmark equity indices ended marginally higher after a choppy session on Tuesday, with investors largely remaining on the sidelines as the Reserve Bank of India's (RBI) monetary policy review meeting got underway.
Lack of cues from overseas markets also affected the momentum.
After a subdued opening, the 30-share Sensex ended 34.07 points, or 0.09 percent, higher at 36,616.81. Similarly, the NSE Nifty edged up 22.10 points, or 0.20 percent, to 10,934.35.
In the Sensex pack, Hero MotoCorp, IndusInd Bank, Bajaj Auto, Maruti and M&M were the top gainers, spurting up to 2.66 percent.
On the other hand, Tata Motors, Coal India, ONGC, Tata Steel, Yes Bank, Sun Pharma, ITC and ICICI Bank fell up to 2.63 percent.
BHEL, ACC, Tata Global Beverages, GAIL, Apollo Tyres, Marico, Symphony, Punjab National Bank and Tech Mahindra on Tuesday announced their results during the market hours.
BHEL – Miss Shares of state-run engineering firm BHEL ended at Rs 58.90 apiece on the BSE, down 9.18 percent from its previous close.
The company posted a 25.30 percent jump in its net profit at Rs 191.95 crore for the quarter ended on December 31, 2018, compared to the year-ago period. The company's net profit in the third quarter last fiscal was Rs 153.19 crore.
The board has declared and approved payment of interim dividend at the rate of 40 percent (Rs 0.80 per share) on the paid up share capital of the company for FY 2018-19.
ACC- HIT Shares of the cement company ended at Rs 1,388.15 per scrip on the BSE, down 1.39 percent from its previous close.
The company reported a net profit of Rs 732 crore for the quarter ended on December 31, 2018, as against Rs 206 crore a year ago.
The company's revenue from operations stood at Rs3,895 crore for the quarter under review.
TATA Global Beverages – Miss
Shares of the company ended at Rs 185.85 apiece on the BSE, down 7.21 percent from its previous close.
Tata Global Beverages Ltd (TGBL) reported a 34.81 percent decline in its consolidated net profit at Rs 121.32 crore for the third quarter ended December 31, 2018, on account of deferred tax credit. It had posted a net profit of Rs 186.11 crore in October-December period a year ago.
However, TGBL's total income was up 10.52 percent at Rs 1,935.17 crore during the quarter under review as against Rs 1,750.94 crore in the same quarter of the previous fiscal.
GAIL – Hit Shares of the nation's biggest gas utility ended at Rs 331.35 per scrip on the BSE, up 0.35 percent from its previous close.
The company reported a 33 percent jump in December quarter net profit as it sold more natural gas and transported higher volumes.
Net profit in October-December 2018 at Rs 1,681.23 crore, or Rs 7.46 a share, was higher than the earning of Rs 1,262.22 crore, or Rs 5.60 per share, in the corresponding period of the previous fiscal.
GAIL sold 9 percent more natural gas and transported 11 percent more LPG. Liquid hydrocarbon sales were up 5 percent.
During the April-December period of the current fiscal year, the company's net profit at Rs 4,903 crore was 36 percent higher than the profit earned in the year-ago period.
Apollo Tyres – Miss
Shares of Apollo Tyres were trading at Rs 202.50 apiece on the BSE, up 1.07 percent from the previous close.
The company reported a 19.18 percent decline in net profit to Rs 198 crore in the third quarter ended December 2018, owing to a rise in commodity prices.
The company had posted a net profit of Rs 245 crore in the corresponding period last fiscal.
Sales were up 16 percent to Rs 4,655 crore, against Rs 4,016 crore in the corresponding quarter last fiscal, it added.
Total expenses during the third quarter were higher at Rs 4,440.59 crore, against Rs 3,746.11 crore with cost of materials consumed rising to Rs 2,252.4 crore as compared to Rs 1,818.23 crore in the year-ago quarter.
Marico – HIT
Shares of Marico closed 0.40 percent up at Rs 368 on the BSE.
The FMCG firm reported 12.72 percent increase in consolidated net profit at Rs 251.7 crore for the quarter ended December 2018. The company had posted a net profit of Rs 223.28 crore during October-December period of the previous fiscal.
Total income during the latest quarter stood at Rs 1,882.54 crore, up 14.61 percent from Rs 1,642.49 crore reported in the year-ago period.
Revenue from operations grew 15 percent year-on-year to Rs 1,861 crore, with an underlying domestic volume growth of 5 percent and constant currency growth of 11 percent in international business.
India business revenue up stood at Rs 1,449.38 crore, while international business revenue was at Rs 411 crore.
Symphony – Miss
Shares of the company ended at Rs
1,217.25 per scrip on the BSE, up 0.39 percent from its previous close.
The company reported a net of Rs 43 crore for the quarter ended December 31, 2018, compared to Rs 67 crore in the year-ago quarter.
The company's revenue stood at 9.6 percent at Rs 240 crore in the quarter under review.
Punjab National Bank – HIT
Shares of PNB closed 0.55 percent higher at Rs 73.55 apiece on the BSE.
The state-run posted a 7.12 percent increase in net profit at Rs 246.51 crore for its third quarter ended December 31, 2018, driven by lower provisioning for bad loans. PNB, which was involved in a Rs 14,356-crore scam by Nirav Modi, had reported a net profit of Rs 230.11 crore for the corresponding quarter a year ago.
The bank's total income, fell by 2.64 percent to Rs 14,854.24 crore for the quarter under review from Rs 15,257.5 crore in the year-ago quarter.
On PNB's asset quality, the bank said, its gross non-performing assets (NPAs) as a percentage to total advances rose to 16.33 percent from 12.11 percent in the year-ago period.
Its net NPAs, however, came down to 8.22 percent from 8.90 percent at the end of December 2017.
Total provisions, excluding for income tax, made during the third quarter of the current financial year were Rs 2,753.84 crore as against Rs 4,466.68 crore in the year-ago period.
Out of which, provisioning for bad loans stood at Rs 2,565.77 crore as against Rs 2,996.42 crore reported during the third quarter of the previous fiscal.
The bank had recovered Rs 16,000 crore in the last 3 quarters and has written-back Rs 163 crore for IBC accounts.
Tech Mahindra - Hit Shares of the company closed at Rs 750.00 per scrip on the BSE, up 0.080 percent from its previous closing.
The IT company posted a 27.5 percent increase in consolidated profit after tax (PAT) to Rs 1,203 crore in the December 2018 quarter. It had reported PAT of Rs 9,431 crore in the corresponding period a year ago.
The company's consolidated revenue from operations increased 15 percent to Rs 8,944 crore, against Rs 7,776 crore in the year-ago quarter.
With inputs from PTI.