Tata Motors, Sona BLW Precision Forgings and TCS to see some action today

Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (JLR) has reported increased wholesale volumes for the third quarter of FY23 (Q3FY23) reflecting gradual improvement in chip supplies. Wholesale volumes were 79,591 units in Q3FY23 (excluding the Chery Jaguar Land Rover China joint venture), up 5.7% compared to the prior quarter ending September 30, 2022 (Q2FY23) and 15.0% compared to the same quarter a year ago.

Sona BLW Precision Forgings (Sona Comstar) has signed an agreement to acquire a 54% equity stake in NOVELIC, a Serbia-based company founded in 2012, that is a leading provider of mmWave radar sensors, perception solutions and full-stack embedded systems. ADAS sensors are a fast-growing category in the automotive industry. It is one of the very few profitable, high-tech, and fast-growing companies in the ADAS Sensor space.

Tata Consultancy Services (TCS) has reported results for third quarter ended December 31, 2022 (Q3FY23). The company has reported a rise of 7.03% in its net profit at Rs 10,659 crore for the quarter under review as compared to Rs 9,959 crore for the same quarter in the previous year. Total income of the company increased 18.02% at Rs 50,833 crore for Q3FY23 as compared to Rs 43,070 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported rise of 10.98% in its net profit at Rs 10,883 crore for the quarter under review as compared to Rs 9,806 crore for the same quarter in the previous year. Total income of the company increased 17.29% at Rs 58,749 crore for Q3FY23 as compared to Rs 50,090 crore for the corresponding quarter previous year.

Kotak Mahindra Bank’s 100% subsidiary -- Kotak Mahindra General Insurance Company (Kotak General Insurance) has partnered with Clootrack, an AI-driven, real-time customer experience platform. The latter's comprehensive intelligent customer experience analytics platform offers a fully SAAS model, gathers and analyses billions of customer reviews to help enterprises understand 'why' customer experience drops. 

GHCL has received Consent Amendment from regulatory authority for increase in its Soda Ash production capacity from 11,00,000 Ton per annum (TPA) to 12,00,000 TPA as per consent condition. 

Bandhan Bank’s collection efficiency ratio has increased to 98 per cent at the end of December 2022 from 95 per cent at the end of the second quarter. The ratio for micro-credit loans was 98 per cent at the end of December 2022, while for non-MFI loans, it was 99 per cent.

JSW Ispat Special Products’ crude steel production stood at 0.10 MT (Million Tonnes) in Q3FY23 as compared to 0.14 MT in Q3FY22, decline by 30% on year- on- year basis. In Q2FY23, crude steel production stood at 0.03 MT. The crude steel production for Q3FY23 was higher than Q2FY23 due to restart of certain plant operations of the Company in Q3FY23.