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Avenue Supermarts, HDFC, Ultratech Cement in focus

Avenue Supermarts (D-Mart) s consolidated net profit surged 52.7% to Rs 414 crore on 18.4% rise in net sales to Rs 7412 crore in Q4 FY21 over Q4 FY20. Housing Development Finance Corporation (HDFC) on Friday entered into a share purchase agreement for sale of 44,12,000 equity shares of Rs 10 each in HDFC ERGO General Insurance for a cash consideration of Rs 236.48 crore to ERGO International AG. Maruti Suzuki India said that the maintenance shutdown, which was till the 9th May, 2021, is being extended till the 16th May, 2021 keeping in view the current pandemic situation. Ultratech Cement reported 45.2% drop in consolidated net profit to Rs 1775.23 crore in Q4 FY21 as against Rs 3240.23 crore in Q4 FY20. Net sales during the quarter increased 32.7% year-on-year (YoY) to Rs 14405.61 crore. Profit before tax in Q4 FY21 stood at Rs 2638.98 crore, up 80.8% from Rs 1459.43 crore in Q4 FY20. Current tax outgo increased 93.9% to Rs 478.20 crore in Q4 FY21 over Q4 FY20.

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