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Results on August 7: PB Fintech, Barbeque-Nation Hospitality, Bayer Cropscience, Emami, Eris Lifesciences, Gland Pharma, Godrej Consumer Products, India Cements, Indigo Paints, ITD Cementation India, Krishna Institute of Medical Sciences, Medplus Health Services, Olectra Greentech, Paras Defence and Space Technologies, Ramco Cements, Ramco Systems, RateGain Travel Technologies, Sobha, Sun Pharma Advanced Research Company, Tata Chemicals, Torrent Pharmaceuticals, Ujjivan Financial Services, and Whirlpool of India will be in focus ahead of declaring their quarterly earnings today.

Britannia Industries: Bakery foods company has reported consolidated profit at Rs 455.45 crore for the quarter ended June FY24, rising 35.65% over a year-ago period backed by healthy operating numbers. Revenue from operations grew by 8.4% year-on-year to Rs 4,010.7 crore for the quarter, while EBITDA surged 37.6% to Rs 688.9 crore with margin expansion of 370 bps at 17.2% compared to year-ago period.

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Bank of Baroda: The public sector lender has registered a massive 87.7% year-on-year growth in profit at Rs 4,070.1 crore for quarter ended June FY24 despite higher provisions, supported by healthy operating income growth of 42.9% YoY. Net interest income during the quarter increased by 24% to Rs 10,997 crore compared to year-ago period, with 25 bps YoY increase in net interest margin at 3.27% for Q1FY24, while global advances grew by 18% and deposits increased by 16.2%.

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ICICI Bank: The country’s second largest private sector lender has received approval from the Reserve Bank of India to increase the shareholding in ICICI Lombard General Insurance Company, in multiple tranches up to 4%. The bank had already received board approval in May 2023 for increase the shareholding in ICICI Lombard, in multiple tranches up to 4.0% additional shareholding.

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Infosys: Richard Lobo has resigned as executive vice president and senior management personnel, of the IT services company. His last date with the company would be August 31.

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Punjab & Sind Bank: The public sector lender has reported profit at Rs 153 crore in the first quarter of financial year FY24, falling 25.4% compared to year-ago period impacted by higher provisions (up 121% YoY), and tepid growth in operating income. Net interest income grew by 4% year-on-year to Rs 738 crore, with gross advances rising 10.4% and deposit increasing 12.5% during the same period, while operating profit rose by 2% to Rs 257 crore in Q1FY24. On the asset quality front, gross non-performing assets fell 17 bps QoQ to 6.80%, but net NPA increased 11 bps to 1.95% during the quarter.

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Gujarat Fluorochemicals: The chemicals company has registered a 34.3% year-on-year decline in consolidated profit at Rs 201.2 crore for the quarter ended June FY24, impacted by lower topline and operating numbers. Revenue from operations for the quarter stood at Rs 1,209.3 crore, declining 9.3% compared to corresponding period last fiscal.

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Delhivery: The logistics company has narrowed its net loss significantly to Rs 89.5 crore for the quarter ended June FY24, against loss of Rs 399.3 crore in year-ago period as operating loss also reduced sharply. Consolidated revenue from operations jumped 10.5% year-on-year to Rs 1,930 crore during the quarter.

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