Stocks to watch: M&M, Hindustan Copper, PFS

Mahindra & Mahindra: Company registers 214% year-on-year growth in profit 1,929 crore for the quarter ended September 2021 due to lower base but operating performance was impacted by higher input prices. In addition, Mahindra Logistics Limited acquired Meru Travel Solutions Private Limited with the aim of expanding its range of mobility solutions.

Hindustan Copper: The company on Tuesday reported a seven-fold increase in the consolidated profit after tax. 67.53 crore for the quarter ended September. The company had posted a consolidated profit and profit share after tax of the joint venture/associate 9.12 crore in the year-ago period.

PFS: PTC India Financial Services on Tuesday reported a jump of 65% in its net profit 51.46 crore for the September quarter. Non-Banking Finance Company had posted a net profit of 31.85 crore in the corresponding quarter of the last financial year. However, total income also fell in Q2 242.34 crores, against PFS said 297.98 crore in the year-ago period.

Indian Hotels: Tata Group’s hospitality firm on Tuesday fixed the price of its rights issue: 150 per share to raise a total amount 1,982.10 crore from eligible shareholders. Last month, the company’s board had approved the raising of funds. 4,000 crore, against Rs 3,000 crore was sanctioned in August this year.

Coward: Bharat Heavy Electricals Limited reported a consolidated net loss of 45.98 crore net loss in Q2FY22 552.02 crore in Q2FY21. Earnings from operations grew 42.6% year over year during the quarter 4,910.62 crore. Total spending up 16.2% 5,275.39 crore in Q2FY22 from 4,539.02 crore in Q2FY21 on account of higher raw material cost (25.1% p.a.).

State Bank Of India: A Jaisalmer court on November 9 granted bail to former SBI chairman Pratip Choudhary in a loan scam case.

IDFC Limited: Promoter of IDFC First Bank reports Consolidated Net Profit for Tuesday 262.55 crore for the quarter ended September 30. The company had posted a net loss of 146.91 crore in the same period a year ago. posted a loss of 410.08 crore in the April-June quarter of 2021-22. The total income of the company increased during July-September 2021-22 138.93 crore from 91.54 crore in the same period of 2020-21, according to a regulatory filing by the company.

power grid: The company reported consolidated quarterly figures on Tuesday. Company posted quarterly net profit 3,376.38 crore in September 2021, up 9.12% from 3,094.10 crore in September 2020. Its Ebita. was on 7.04% up from Rs 9,358.30 crore in September 2021 8,742.73 crore in September 2020.

AstraZeneca India: Drug firm AstraZeneca Pharma India on Tuesday reported a 54.65% drop in its net profit 11.94 crore for the quarter ended 30 September 2021. The company posted a net profit of 26.33 crore for the same period last fiscal, it said in a filing to BSE. Its revenue from operations during July-September 2021 was 197.70 crores. He was 209.47 crore for the same period a year ago, it added. Parent company AstraZeneca has also announced that it is creating a separate division for vaccines and antibody treatments to focus on its COVID-19 shot and coronavirus treatment after several setbacks during the pandemic.

Godrej Agrovet: The company on Tuesday reported a nearly flat 0.5% growth in consolidated profit after tax 112.2 crore for the second quarter ended 30 September. The company posted a PAT of 111.7 crore in the same period of 2020-21, Godrej Agrovet said in a BSE filing.