The Indian market is likely to open flat on Wednesday amid mixed global cues as investors await the release of China’s benchmark lending rates. At 7:05 am, the SGX Nifty was trading 9.50 points or 0.11 percent higher at 8,910.50, indicating a flat-to-positive start for the Sensex and Nifty50.
Bajaj Finance: The company reported 19.4 percent fall in Q4FY20 net profit to Rs 948 crore from Rs 1,176 crore, net interest income rose to Rs 4,684 crore versus Rs 3,385 crore, YoY.
Reliance Industries: The company’s rights issue worth Rs 53,036.13 crore opens today. (Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd., the parent company of CNBCTV18.com)
Ujjivan Small Finance Bank: The company reported profit of Rs 73.15 crore in Q4FY20 versus Rs 63.78 crore while revenue was at Rs 466.64 crore versus Rs 319.71 crore, YoY.
Tata Power: The company’s net profit in Q4FY20 rose to Rs 403 crore from Rs 122 crore while revenue to Rs 6,621 crore from Rs 7,230 crore, YoY. (Image: Reuters)
L&T Infotech: The company reported 12.9 percent YoY rise in Q4FY20 net profit to Rs 427.5 crore while revenue rose 21.2 percent YoY to Rs 3,011.9 crore.
M&M Financial Services: The company is gradually resuming operations from its offices pan-India in a phased manner.
Embassy Office Parks REIT: The company has announced distribution of Rs 531.67 crore for its unitholders for the quarter ended March.
JMC Projects: The company reported Q4FY20 loss at Rs 54.76 crore versus profit at Rs 35.24 crore, revenue at Rs 976.3 crore versus Rs 980.5 crore, YoY.
Apollo Tyres: The company has reported a 7.36 percent fall in Q4FY20 net profit to Rs 77.8 crore.
Suzlon Energy: The company has received shareholders' nod for its debt restructuring plan.
Q4FY20 Earnings: Bajaj Auto, UltraTech Cement, Dr Reddy's Laboratories, Jubilant FoodWorks, JSW Energy, Kalpataru Power Transmission, Ajanta Pharma, others.