Bharti Airtel, Hindalco Industries, Zee Entertainment in brief

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Bharti Airtel: Moody’s Investors Service has assigned a Baa3 issuer rating to Bharti Airtel. Moody’s withdrew the company’s Ba1 corporate family (CFR) rating. Moody’s also upgraded to Baa3 from Ba1 the senior unsecured debt rating on bonds issued by Bharti as well as on senior unsecured back-to-back notes issued by Bharti Airtel Int’l (Netherlands) BV Moody’s changed the outlook on ratings to stable from positive.

Hindalco Industries: The company’s consolidated net profit jumped to Rs 3,851 crore in the fourth quarter of March 2022 from Rs 1,928 crore in the fourth quarter of March 2021. Operating income rose to Rs 55,764 crore from Rs 40,507 crore.



Zee Entertainment Enterprises: The company’s consolidated net profit fell by 34% to Rs 1,819 crore in Q4 March 2022 from Rs 2,758 crore in Q4 March 2021. Operating income increased by 18.2% to Rs 23,229 crore from Rs 19658 crore.

Muthoot Finance: The company’s consolidated net profit fell to Rs 1006.2 crore in the fourth quarter of March 2022 from Rs 1023.7 crore in the fourth quarter of March 2021. Total income fell to Rs 3041.1 crore from Rs 3118.9 crore.

Berger Paints India: The company’s consolidated net profit increased by 5.6% to Rs 220.29 crore in the fourth quarter of March 2022, from Rs 208.60 crore in the fourth quarter of March 2021. rose by 7.97% to Rs 2187.51 crore from Rs 2026.09 crore.

Union Bank of India: The Board of Directors has reviewed and approved the raising of equity capital not exceeding Rs 3,800 crore through a public offering (i.e. a follow-on public offering) and/or rights issue and/or private placements, including placements in qualified institutions and/or preferred placements Allocation to the Government of India and/or other institutions and/or by any other means; The bank’s board has also approved the raising of AT 1 and/or Tier 2 bonds not exceeding Rs 4,300 crore.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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