A look at the notable corporate announcements that came after Thursday's market hours.
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Stocks of HDFC Bank, Kotak Mahindra Bank, Axis Bank and Avenue Supermarts will catch investors' attention on Monday.
Here are the notable corporate announcements that came after Thursday's market hours:
Stocks In Focus
- Bajaj Auto: The company reported that March auto sales rose 20% year-on-year to 4.5 lakh units.
- Vedanta: The company reported that total aluminium production increased 2% year-on-year to 613 kilo tonnes, Zinc India mined metal production rose 2% to 315 kilo tonnes, Zinc International production fell 3% to 49 kilo tonnes, and power sales increased 43% to 5.51 million units.
- Avenue Supermarts: The company reported that revenue increased 19% year-on-year to Rs 17,205 crore, while total number of stores stood at 500.
- Dabur India: The company expects mid-single digit revenue growth, with India FMCG demand likely to grow in high-single digits. Home and personal care segments are expected to grow in mid-teens, while international business was impacted by Middle East tensions. Operating profit is expected to grow faster than revenue.
- L&T Finance: The company reported that retail disbursements increased 62% year-on-year to Rs 24,080 crore, while retail loan book grew 26% to Rs 1.2 lakh crore.
- Bajaj Finance: The company reported that assets under management increased 22% year-on-year to Rs 5.1 lakh crore. Customer franchise increased by 39.3 lakh, new loans booked rose 20.5% year-on-year, customer franchise rose 17% year-on-year to 11.9 crore, while deposits declined 4% to Rs 68,550 crore.
- HDFC Bank: The company reported that gross advances increased 12% year-on-year to Rs 29.6 lakh crore, while period-end deposits rose 14.4% to Rs 31.1 lakh crore as of March 31.
ALSO READ: Why HDFC, Kotak Mahindra, Yes Bank, Other Banking Stocks Will Be In Focus On Monday
- IDBI Bank: The company reported that total business increased 14% year-on-year to Rs 6 lakh crore, total deposits rose 12% to Rs 3.5 lakh crore, CASA deposits increased 7% to Rs 1.54 lakh crore, and net advances rose 16% to Rs 2.53 lakh crore.
- Axis Bank: The company reported that gross advances increased 18.4% year-on-year to Rs 12.4 lakh crore, while total deposits rose 13.9% to Rs 13.4 lakh crore.
- IndusInd Bank: The company reported that net advances declined 8.7% year-on-year to Rs 3.15 lakh crore, while deposits fell 2.6% to Rs 4 lakh crore.
- Yes Bank: The company reported that loans and advances increased 10.7% year-on-year to Rs 2.72 lakh crore, while deposits rose 12.1% to Rs 3.18 lakh crore.
- Kotak Mahindra Bank: The company reported that net advances increased 16.2% year-on-year to Rs 4.95 lakh crore, CASA increased 15.5% to Rs 2.47 lakh crore, while total deposits rose 14.7% to Rs 5.72 lakh crore.
- NMDC: The company has revised the Baila lump ore price to Rs 5,300 per tonne and Baila fines ore price to Rs 4,500 per tonne.
- Tata Motors: The company reported that Jaguar Land Rover March total sales stood at 95,300 units, down 14.5% year-on-year, while retail sales stood at 92,700 units, down 14.3% year-on-year. The company said operations recovered quarter-on-quarter as production levels normalised.
- Hindustan Zinc: The company reported mined metal production at 3.2 lakh tonnes, up 2% year-on-year, refined metal production at 2.8 lakh tonnes, up 5% year-on-year, while silver production remained nearly flat at 176 tonnes.
- G R Infraprojects: The company has secured an Engineering, Procurement and Construction order worth Rs 1,898 crore for a railway line project in Madhya Pradesh.
- RBL Bank: The company reported that Emirates NBD has received Reserve Bank of India approval to acquire a 74% stake and become promoter, with voting rights capped at 26%. The company also reported deposits rose 25% year-on-year to Rs 1.4 lakh crore and advances rose 22% to Rs 1.2 lakh crore.
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