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By Malvika Gurung
Investing.com — ONGC (NS:): The state-run gas major reported a whopping 596.7% YoY jump in net profit at Rs 8,764 crore in the December ending period after higher oil and gas prices offset a drop in production. The revenue surged 67.3% YoY to Rs 28,474 crore in the quarter.
Dr. Reddy’s Laboratories (NS:): The pharmaceutical company signed an exclusive sales and distribution agreement with the pharma company Novartis India, to bolster its portfolio in the pain management and women’s health areas. However, this will result in about 400 Novartis employees being laid out.
Ashok Leyland (NS:): The auto manufacturer posted a standalone profit of Rs 6 crore in Q3 FY22, compared to a loss of Rs 19 crore in the year-ago period, due to efficient cost management initiatives and higher volumes.
TVS Motor Company (NS:): The two-wheeler manufacturer’s promoter Sundaram Clayton sold 2% of its stake or about 95 lakh equity shares of the company on Friday at Rs 635.97 apiece through open market transactions.
Indigo Paints (NS:): The leading paint company reported a 29% YoY rise in net profit at Rs 24.3 crore and revenue climbed 27% YoY to Rs 265.46 crore in the Dec quarter.
Yes Bank (NS:): The private lender plans for early redemption of tier II bonds of about Rs 1,763 crore.
Ruchi Soya Industries (NS:): The country’s largest edible oil manufacturer’s net profit in Q3 FY22 climbed 3% YoY to Rs 234.07 crore, while its total income rose 41% YoY to Rs 6,301.19 crore.
Stocks including Grasim Industries (NS:), Coal India (NS:), Eicher Motors (NS:), Graphite India (NS:), Natco Pharma (NS:), and Adani Wilmar (NS:), among others will release their Q3 earnings today.
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