Stocks to watch: Maruti, Axis Bank, Vodafone Idea, IEX, Deepak Nitrite

axis Bank: Private lender Axis Bank on Monday reported 224% year-on-year (YoY) growth in standalone net profit 3,614 crore for the December quarter (Q3FY22) as compared to a profit of Rs. 1,116.6 crore in the same quarter last year. On a quarter-on-quarter (QoQ) basis, Axis Bank reported a growth of 15% in profit. Private sector lender’s net interest income up 17% from a year ago 8,653 crore. stood on other income 3,840 crore, up 31% on a yearly basis. Bank’s retail lending grew 18% YoY and 6% QOQ 3,67,494 crore and accounted for 55% of the net advances.

Burger King India: Quick service restaurant chain Burger King India Ltd on Monday reported narrowing net loss 15.15 crore for the third quarter ended December 31, 2021. The company had a net loss 29.02 crore during the October-December period of the previous fiscal, Burger King said in a regulatory filing. Revenue from operations was up 71.51 percent 279.89 crore during the quarter under review 163.19 crore in the same period of 2020-21. the total cost was 298.23 crore, up 45.56 percent from 204.89 crore in the year-ago period.

Vodafone Idea: Vi may opt for another tariff hike in 2022, Chief Executive Officer and Managing Director Ravinder Takkar said in a call with analysts on Monday. The last round of tariff hikes in November happened after two years, which was too long, he said. The telecom operator aims to raise funds by March after fresh interest from investors, moratorium on spectrum payments and conversion of interest into equity, the top executive said. This money will be used to build higher capital expenditure to improve 4G network coverage.

SBI Card: SBI Cards and Payment Services reported 84 per cent jump in net profit on Monday 386 crore for the December quarter 2021-22 on account of healthy card spending, decline in bad loans and higher income from other sources. The pure-play credit card issuer promoted by the country’s largest lender SBI had posted a net profit of 210 crore in the same quarter a year ago. Company’s total revenue up 24 percent 3,140 crore during the quarter under review 2,540 crore in the same period of 2020-21, SBI Card said in a release.

IEX: Indian Energy Exchange reports nearly 39 per cent growth in consolidated net profit 80.73 crore in the December quarter mainly on the back of higher revenue. The company posted a net profit of 58.14 crore in the quarter ended December 31, 2020, said the BSE filing. Company’s total income increased 130.77 crore in the quarter to December 2021 96.09 crore in the year-ago period. The Board in its meeting held on Monday also approved an interim dividend of Re 1 per equity share of face value each for the financial year ending March 31, 2022.

Lamp Nitrite: Chemicals firm Deepak Nitrite (DNL) on Monday reported a nearly 12 per cent rise in net profit for the quarter ended December 31, 2021, as compared to the same period of the previous fiscal. The company posted a net profit of 242.46 crore for the quarter 216.56 crore in the year-ago quarter, according to an exchange filing. During the quarter under review, the company’s revenue from operations grew by 39.49 percent. Done 1,722.27 crore as compared to 1,234.69 crore in the same period of FY 2011.

Shriram Transport: Non-bank financing company Shriram Transport Finance Company (STFC) on Monday reported a 6.47 per cent fall in its single profit after tax. 680.62 crore in the quarter ended December 2021, even though its net interest income grew by 11.16 per cent. The company had reported profit after tax of 727.72 crore in the same period last year. Meanwhile, the board has approved raising funds under the $3.5 billion program.

Craftsman Automation: Company reported low profit 37.6 crore in December quarter as against 43.4 crore in the same quarter last year, revenue increased 554.1 crore from 489 crore yo.

Ramco Cements: Company reported low profit 82.6 crore in December quarter as against 201.4 crore in the same period last year; revenue increased from 1,549 crore 1,339 crore annually.

Sudarshan Chemical Industries: Eeported at low profit Against 36.38 crores in Q3 39.16 crore in the previous year; revenue jumped to 601.75 crores 506.37 crore annually.