Domestic equity market’s performance on Friday. The market witnessed a significant decline due to profit booking, particularly in response to the muted first-quarter earnings reported by two major companies, Infosys and Hindustan Unilever Limited (HUL). Here are the key points from the market’s performance:
ICICI Bank
ICICI Bank’s first quarter profit climbed 40% YoY to Rs 9,648 crore. Net interest income rose 38% YoY to Rs 18,227 crore
Paytm
Fintech major Paytm’s consolidated net loss narrowed to Rs 357 crore for the quarter ended June.
Reliance Industries
Reliance Industries posted a 11% fall in net profit for the quarter ended June to Rs 16,011 crore. Revenue declined 5.3% YoY to Rs 2.11 lakh crore.
Vedanta
Vedanta logged a 40% fall in consolidated net profit of Rs 2,640 crore for the quarter ended June. Revenue from operations slipped 13% to Rs 33,342 crore.
DLF
Real estate major DLF’s consolidated net profit climbed 12% year-on-year to Rs 527 crore in the June quarter. However, revenue from operations slipped 1% to Rs 1,423 crore.
Earnings today
Shares of Tata Steel, TVS Motor, IDBI Bank, and Canara Bank are in focus as the companies will announce their June quarter results today.
Dodla Dairy
Dodla Dairy’s net profit climbed 40% to Rs 35 crore in Q1. Revenues came 15% higher at Rs 823 crore
