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Tata Steel, Ambuja Cements, Spandana Sphoorty to react to earnings As on : 03-May-23  07:32

Tata Steel: On consolidated basis basis, the steel major reported net profit of Rs 1566 crore in Q4 March 2023 as compared to net profit of Rs 9835 crore in Q4 March 2022. Turnover dropped to Rs 62,962 crore in Q4 March 2023 from Rs 69,324 crore in Q4 March 2022.

Ambuja Cements: On consolidated basis basis, the cement major's net profit declined 2.11% year on year to Rs 644.94 crore in March 2023 quarter. Revenue rose marginally to Rs 7965.98 crore in quarter ended 31 March 2023 from Rs 7900.04 crore posted in the corresponding quarter last year.

Spandana Sphoorty Financial: On consolidated basis basis, the company reported net profit of Rs 105.6 crore in Q4 March 2023 as compared to net profit of Rs 28.6 crore in Q4 March 2022. Total income rose to Rs 533 crore in Q4 March 2023 from Rs 299.10 crore in Q4 March 2022.

Bharti Airtel: Dialog Axiata Plc (Dialog), Axiata Group Berhad (Axiata) and Bharti Airtel (Airtel) (collectively ?the Parties?), have entered into a binding term sheet to combine operations of Bharti Airtel Lanka (Private) Limited, Airtel's wholly-owned subsidiary with Dialog, a subsidiary of Axiata Group Berhad. The proposed transaction envisages Airtel being granted a stake in Dialog, representing the fair value of Airtel Lanka. Airtel would accordingly be issued new shares in Dialog upon completion of the transaction.

B.L. Kashyap and Sons: The company has secured new order for concrete and block work package aggregating to Rs 238 crore approx from Embassy Construction Pvt. Ltd.

Mahindra & Mahindra Financial Services: In April 2023, the company estimates the overall disbursement at approximately Rs. 3,775 crores delivering a 39% Y-o-Y growth.

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