The Indian rupee reversed losses and strengthened past 70 a dollar.

Shares of the Jaguar Land Rover owner pared gains to 0.7 percent after it rose as much as 1.8 percent.

Jaguar Land Rover sold 39,185 vehicles last month, a fall of 13.3 percent compared to April 2018, according to its stock exchange filing.

• Jaguar sales fell 13.7 percent year-on-year to 11 ,462 units.
• Land Rover sales fell 13.1 percent year-on-year to 27,723 units.

Voltas (Q4, YoY)

• Stock fell as much as 6.3 percent to Rs 537.70.
• Revenue up 0.7 percent to Rs 2,062.8 crore.
• Net profit down 27.6 percent to Rs 139.6 crore.
• Ebitda down 43 percent to Rs 144.2 crore.
• Margin at 7 percent versus 12.4 percent.
• RM as percent of sales at 44 percent versus 36 percent.
• Raw material costs up 23 percent to Rs 904.8 crore.
• Deferred tax reversal of Rs 33.8 crore.
• Unitary cooling segment revenue down 6 percent to Rs 997.6 crore.
• Electro-mechanical project and services segment revenue up 12 percent to Rs 976 crore.
• Engineering products and services revenue down 6 percent to Rs 78.5 crore.

Shankara Building Products (Q4, YoY)

• Stock fell as much as 5.9 percent to Rs 455.
• Revenue down 18.5 percent to Rs 619.7 crore.
• Net profit down 92.6 percent to Rs 1.6 crore.
• Ebitda down 69.6 percent to Rs 16.4 crore.
• Margin at 2.6 percent versus 7.1 percent.
• Inventory gain of Rs 63.1 crore in base quarter.

Mahanagar Gas (Q4, YoY)

• Stock fell as much as 5.6 percent to Rs 886.
• Revenue up 23.1 percent to Rs 722.5 crore.
• Net profit up 27.4 percent to Rs 133.5 crore.
• Ebitda up 21.5 percent to Rs 214 crore.
• Margin at 29.6 percent versus 30 percent.
• Total volumes up 9.2 percent to 2.95 MMSCMD.
• Declares dividend of Rs 10.5 per share.

PNB Housing Finance (Q4, YoY)

• Stock rose as much as 6.3 percent to Rs 744.40.
• Net Interest Income up 16.8 percent to Rs 465.4 crore.
• Net profit up 51 percent to Rs 379.8 crore.
• Declared dividend of Rs 9 per share.
• Board approved raising Rs 10,000 crore via NCDs and raising up to $1 billion by external commercial borrowings.

South Indian Bank (Q4, YoY)

• Stock fell as much as 5.9 percent to Rs 14.35.
• Net Interest Income up 1.4 percent to Rs 499.3 crore.
• Net profit down 38.2 percent to Rs 70.5 crore.
• Provisions up 48 percent to Rs 219.2 crore.
• GNPA at 4.92 percent versus 4.88 percent (QoQ)
• NNPA at 3.45 percent versus 3.54 percent (QoQ)

Indian Overseas Bank (Q4, YoY)

• Stock fell as much as 1.5 percent to Rs 13.05.
• Net Interest Income down 14.7 percent to Rs 1,479 crore.
• Net loss of Rs 1985.2 crore versus net loss of Rs 3,606.7 crore
• Provisions down 34 percent to Rs 4,501.9 crore.
• GNPA at 21.97 percent versus 23.76 percent. (QoQ)
• NNPA at 10.81 percent versus 13.56 percent. (QoQ)

Hikal (Q4, YoY)

• Stock rose as much as 2.8 percent to Rs 174.70.
• Revenue up 17.2 percent to Rs 457.5 crore.
• Net profit up 31.6 percent to Rs 33.3 crore.
• Ebitda up 17.3 percent to Rs 83.9 crore.
• Margin flat at 18.3 percent.
• Raw materials as percent of sales at 58 percent versus 55 percent.
• Pharma segment revenue up 21 percent to Rs 259.2 crore.
• Crop protection segment revenue up 13 percent to Rs 198.4 crore.

Gujarat Mineral Development Corporation (Q4, YoY)*

• Stock rose as much as 3.6 percent to Rs 74.75.
• Revenue down 16.5 percent to Rs 530.5 crore.
• Net profit up 23.9 percent to Rs 124 crore.
• Ebitda up 25.5 percent to Rs 169.1 crore.
• Margin at 31.9 percent versus 21.2 percent.
• Total expenses down 22 percent to Rs 390.2 crore.
• Deferred tax payment of Rs 16.2 crore in base quarter.

Gujarat State Petronet (Q4, QoQ)

• Stock rose as much as 3.5 percent to Rs 180.90.
• Revenue down 4.4 percent to Rs 433.8 crore.
• Net profit down 11.7 percent to Rs 153.3 crore.
• Ebitda down 6.8 percent to Rs 329.3 crore.
• Margin at 75.9 percent versus 77.9 percent.
• Deferred tax payment up 5.3 times to Rs 16.9 crore.

Oracle Financial Services (Q4, QoQ )

• Stock fell as much as 1.2 percent to Rs 3,411.
• Revenue up 2.4 percent to Rs 1,214.9 crore.
• Net profit up 6.5 percent to Rs 326 crore.
• EBIT up 3.7 percent to Rs 505.6 crore.
• Margin at 41.6 percent versus 41.1 percent.

Dalmia Bharat (Q4, YoY)

• Stock fell as much as 3.6 percent to Rs 1,076.45.
• Revenue up 8 percent to Rs 2,842 crore.
• Net profit up 78 percent to Rs 228 crore.
• Ebitda up 22.2 percent to Rs 677 crore.
• Margin at 23.8 percent versus 21.1 percent.
• Sales volume up 7.5 percent to 5.57 MT.

HCC (Q4, YoY)

• Stock fell as much as 3.2 percent to Rs 12.25.
• Revenue down 8 percent to Rs 1,322.5 crore.
• Net loss of Rs 428 crore versus net profit of Rs 20.1 crore.
• Ebitda loss of Rs 24.6 crore versus Ebitda gain of Rs 159.5 crore.
• Exceptional loss of Rs 389.17 crore due to arbitration awards and impairment loss.
• Order book stood at Rs 18,554 crore as March 31, 2019.

*Numbers not comparable due to change in accounting policy.

Reliance Industries Ltd. reclaimed Rs 8 lakh crore mark in terms of market cap after it fell below the figure in yesterday's trade. However, TCS remains the country's most valued company with a market cap of Rs 8.18 lakh crore.

Shares of the pipe maker gained for the second day after it rose as much as 3.3 percent to Rs 145.

Welspun Corp, in an exchange notification, said that it will consider share buyback proposal during its board meet scheduled on May 14. Also, the company may consider recommending a final dividend for 2018-19, the filing said.

The stock traded at 27 times its estimated earnings per share for the coming year, according to Bloomberg data.