New Delhi, June 18, 2020.
Shares of telecom companies including Vodafone Idea, Bharti Airtel may be in focus as the Supreme Court will hear the adjusted gross revenue (AGR) matter today. The apex court had earlier asked telecom operators to file affidavits regarding the roadmap they propose to clear the dues.
Muthoot Finance: The company reported a 52.4% jump in consolidated net profit at ₹835.78 crore in the last quarter of the fiscal ended March 2020 due to higher demand for gold loans. It had posted a net profit of ₹548.56 crore during the corresponding January-March quarter of fiscal ended March 2019.
Pidilite Industries: The company reported a 33.92% decline in its consolidated net profit to ₹156.51 crore for the fourth quarter ended March 31. Pidilite Industries had posted a net profit of ₹236.87 crore for the January-March period of 2018-19.
Cummins India: The company posted around 9% increase in its consolidated net profit to ₹170.24 crore in the March quarter compared to the same period last year. Cummins India had reported a consolidated net profit of ₹156.31 crore in the quarter ended on March 31, 2019.