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The markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start for the broader indexafter Nifty closed 63 points lower at 23,992 on Tuesday.

3M India:

The company reported a Q1 consolidated net profit of INR 1.57 billion, up21% YoY from INR 1.3 billion. Q1 revenue was INR 10.5 billion, unchangedYoY. Q1 EBITDA was INR 2.27 billion, up 21% YoY from INR 1.88 billion. TheEBITDA margin improved to 21.71% from 17.92% YoY.

Ask Automotive:

The company has entered into a share subscription agreement withSolarcraft 25 for an investment of INR 8.2 million to subscribe to a minimum26% of its securities, and another agreement with Solarcraft 26 for INR 14.4million to subscribe to a minimum 26% of its securities, including equityshare capital and compulsory convertible debentures.

EIH:

The company has approved a mixed-use development on 8.6 acresoverlooking Hebbal Lake in Bengaluru, which will include a 120-room TheOberoi Hotel and a 250-room Trident Hotel, with an estimated investmentof INR 1,350 crore.

Inox Wind:

The company received a repeat order from Integrum Energy InfrastructureLtd. for 201 MW of equipment supply, with the project to be executedacross four states.

Lupin:

The company reported a Q1 consolidated net profit of INR 8 billion, up77.78% YoY and 122.22% QoQ. Q1 revenue was INR 55 billion, up 14.35%YoY. Q1 EBITDA was INR 12.4 billion, up 44.86% YoY, with an EBITDA marginof 22.16%, up from 17.79% YoY.

Morepen Labs:

The company raised INR 200 crore via QIP.

Quicktouch Technologies:

The company will acquire Pinnacle Exim IT Solutions LLC, a UAE-basedcompany, and will issue shares worth up to INR 500 million.

Rain Industries:

The company reported a Q1 consolidated net loss of INR 779 million,compared to a profit of INR 1.66 billion YoY and a loss of INR 1.5 billionQoQ. Q1 revenue was INR 40.9 billion, down from INR 46.7 billion YoY. Q1EBITDA was INR 3.7 billion, down from INR 6.45 billion YoY. The EBITDAmargin was 9.02%, down from 13.94% YoY.

Suzlon Energy:

The company approved the acquisition of a 76% stake in Renom EnergyServices, with the cost of acquiring a 51% stake at INR 4 billion and theremaining 25% stake at INR 2.6 billion.

Tata Power:

The company announced the acquisition of a 40% stake in Khorlochu HydroPower for INR 8.30 billion and the termination of Global Depository Shareswith delisting from the Luxembourg Stock Exchange.

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