LATEST BUSINESS NEWS

NBCC Q3 cons PAT Rs.64cr vs Rs.55.5cr yoy, vs Rs.69cr qoq

 

HBL POWER Q3 PAT Rs.9.3cr vs Rs.2.6cr yoy

 

Hindalco Industries reports net profit of Rs 320.56 crore in Q3FY17

Total income of the company increased by 13.88% at Rs 10134.78 crore for the quarter under review

Hindalco Industries has reported results for third quarter ended December 31, 2016.

The company has reported a net profit of Rs 320.56 crore for the quarter ended December 31, 2016 as compared to net loss of Rs 32.75 crore for the same quarter in the previous year. Total income of the company increased by 13.88% at Rs 10134.78 crore for the quarter under review as compared Rs 8899.37 crore for the corresponding quarter previous year.

Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.
source: ventura

 

BYKE HOSPITALITY Q3 PAT Rs.10.6cr vs Rs.9cr yoy

 

JP INFRA Q3 loss Rs.41cr vs loss of Rs.25cr yoy

 

ALLAHABAD BANK Q3 PAT Rs.75cr vs loss of Rs.486cr yoy, vs PAT of Rs. 65cr qoq

 

PFC Q3 PAT Rs.1950cr vs Rs.1582cr yoy, vs Rs.1873cr qoq

 

PTC India reports 9% fall in Q3 net profit

Total income of the company increased by 7.89% at Rs 3132.48 crore for the quarter under review

PTC India has reported results for third quarter ended December 31, 2016.

The company has reported 9.08% fall in its net profit at Rs 42.57 crore for the quarter ended December 31, 2016, as compared to Rs 46.82 crore for the same quarter in the previous year. However, total income of the company increased by 7.89% at Rs 3132.48 crore for the quarter under review, as compared Rs 2903.31 crore for the corresponding quarter previous year.

PTC India acts as intermediary between buyer and sellers of power. In case of cross-border trading, the company plays the role of a nodal agency. It offers advisory services for setting up independent power producing plants.
source: ventura

 

Today (14.02.17) foll cos. will declare Q3 results :
Thomas Cook, Jindal Steel, Tata Motors, Lakshmi Energy, Aksh Optical, Natco Pharma, Vivimed, Kohinoor Foods, Brooks Lab, Jain Irrigation, MT Educare, Genesys,HDIL, Nectar Life, Godrej Ind, SH Kelkar, Deepak Nitrite, Vedanta, Oriental Carbon, Adani Ent, Prism Cement, Dhanlaxmi Bank, Patel Eng, Voltas, Surya Roshni,Fag Bearings, Kwality, KRBL, REC, Themis Medicare, sun Pharma, Graphite India, Easun Reyrolle, Apollo Hospitals, Suryalaxmi Cotton, Ashapura Minechem, AB Nuvo, Cox & Kings, Linc Pen, Patel Integrated,JKIL, Rolta, HFCL, VIP Ind, Datamatics, MTNL, Omkar Speciality, Greaves Cotton, Ingersoll Rand, India Glycols, MOIL, Ganesh Housing, DCW, Lovable Lingerie, Prime Focus, DLF, Shilpa Medicare, Emco, Finolex Cables, Swan Energy, BSE, Parag Milk, PC Jeweller, Liberty Shoes
source: nse india and ventura

 

SJVN reports 23% jump in Q3 net profit

Total income of the company increased by 11.06% at Rs 616.13 crore for the quarter under review

SJVN has reported results for third quarter ended December 31, 2016.

The company has reported 23.20% rise in its net profit at Rs 261.06 crore for the quarter under review as compared to Rs 211.90 crore for the same quarter in the previous year. Total income of the company increased by 11.06% at Rs 616.13 crore for the quarter under review as compared Rs 554.78 crore for the corresponding quarter previous year.
source: ventura

 

SKF India reports 16% rise in Q3 net profit

Total income of the company increased by 9.17% at Rs 739.68 crore for the quarter under review

SKF India has reported results for third quarter ended December 31, 2016.

The company has reported 16.14% rise in its net profit at Rs 65.34 crore for the quarter under review as compared to Rs 56.26 crore for the same quarter in the previous year. Total income of the company increased by 9.17% at Rs 739.68 crore for the quarter under review as compared Rs 677.54 crore for the corresponding quarter previous year.

Consequent to change in the financial year of the company, year to date figures for period ended December 31, 2016 are for nine months and year to date figures for period ended December 31, 2015 are for twelve months and hence they are not comparable.
source: ventura

 

Reliance Infrastructure reports 49% rise in Q3 net profit

Total income of the company decreased by 2.23% at Rs 6625.55 crore for the quarter under review

Reliance Infrastructure has reported results for third quarter ended December 31, 2016.

The company has reported a marginal fall of 2.50% in its net profit at Rs 440.85 crore for the quarter under review as compared to Rs 452.17 crore for the same quarter in the previous year. Total income of the company decreased by 5.96% at Rs 2915.73 crore for the quarter under review as compared Rs 3100.56 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 49.05% in its net profit at Rs 374.85 crore for the quarter ended December 31, 2016, as compared to Rs 251.50 crore for the same quarter in the previous year. However, total income of the company decreased by 2.23% at Rs 6625.55 crore for the quarter under review as compared Rs 6776.90 crore for the corresponding quarter previous year.
source: ventura

 

Dishman Pharmaceuticals reports 13% rise in Q3 consolidated net profit

Total income of the company decreased by 3.39% at Rs 377.60 crore for the quarter under review

Dishman Pharmaceuticals and Chemicals has reported results for third quarter ended December 31, 2016.

The company has reported 5.35% fall in its net profit at Rs 16.11 crore for the quarter under review as compared to Rs 17.02 crore for the same quarter in the previous year. Total income of the company decreased by 19.56% at Rs 107.03 crore for the quarter under review as compared Rs 133.05 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 13.23% in its net profit after taxes, minority interest and share of profit of associates at Rs 50.68 crore for the quarter ended December 31, 2016, as compared to Rs 44.76 crore for the same quarter in the previous year. However, total income of the company decreased by 3.39% at Rs 377.60 crore for the quarter under review as compared Rs 390.85 crore for the corresponding quarter previous year.
source: ventura

 

Repco Home Finance reports 20% rise in Q3 net profit

Total income of the company increased by 17.79% at Rs 265.58 crore for the quarter under review

Repco Home Finance has reported results for third quarter ended December 31, 2016.

The company has reported 20.37% rise in its net profit at Rs 46.44 crore for the quarter under review as compared to Rs 38.58 crore for the same quarter in the previous year. Total income of the company increased by 17.79% at Rs 265.58 crore for the quarter under review as compared Rs 225.46 crore for the corresponding quarter previous year.

Repco Home Finance is a professionally managed housing finance company head quartered in Chennai, Tamil Nadu. It is registered as a housing finance company with the National Housing Bank (NHB).
source: ventura

 

GlaxoSmithkline Consumer reports 8% fall in Q3 net profit

Total income of the company decreased by 11.94% at Rs 1016.09 crore for the quarter under review

GlaxoSmithkline Consumer Healthcare has reported results for third quarter ended December 31, 2016.

The company has reported 8.25% fall in its net profit at Rs 136.41 crore for the quarter under review as compared to Rs 148.68 crore for the same quarter in the previous year. Total income of the company decreased by 11.94% at Rs 1016.09 crore for the quarter under review as compared Rs 1153.86 crore for the corresponding quarter previous year.

GlaxoSmithkline Consumer Healthcare’s core business is manufacturing of health drinks under the brand Horlicks. It exports products to countries like Bangladesh, Myanmar, Sri Lanka, Middle East, Fiji, Mauritius, Nepal, Bhutan and many more.
source: ventura

 

BEML reports over two-fold jump in Q3 net profit

Total income of the company decreased by 13.50% at Rs 738.17 crore for the quarter under review

BEML has reported results for third quarter ended December 31, 2016.

The company has reported over two-fold jump in its net profit at Rs 21.74 crore for the quarter under review as compared to Rs 9.73 crore for the same quarter in the previous year. However, total income of the company decreased by 13.50% at Rs 738.17 crore for the quarter under review as compared Rs 853.41 crore for the corresponding quarter previous year.

BEML is a manufacturer of mining and construction equipments in India. It deals in three product segments comprising mining and construction equipments, defense products and railway & metro products.
source: ventura

 

BEL unveils new communication radio for Indian armed forces: Report

It is a multi brand, high data rate, software intensive IP radio with MANET functions supporting up to 64 notes

Bharat Electronics (BEL) has reportedly launched a new communication radio for the Indian armed forces, called STARS-V Mk III, at the Aero India 2017 show. The radio is completely designed, developed and made in the company. It is a multi brand, high data rate, software intensive IP radio with mobile ad hoc networking (MANET) functions supporting up to 64 notes.

Bharat Electronics is a multi-product, multi-technology, multi-unit conglomerate with over 350 products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems.
source: ventura

 

Cadila Healthcare receives USFDA clearance for Moraiya facility

The USFDA inspected company’s Moraiya facility from February 6, 2017 to February 15, 2017

Cadila Healthcare has received US Food and Drug Administration (USFDA) clearance for its Gujarat plant after an inspection. The USFDA inspected company’s Moraiya facility from February 6, 2017 to February 15, 2017. At the end of the inspection, no observation (483) has been issued.

Earlier, USFDA had issued a warning letter to the Cadila’s facility at Moraiya in Gujarat for breach of good manufacturing practices.

Cadila Healthcare is part of the Zydus Cadila Group. The company operates in areas of active pharmaceutical ingredients (API) to formulations, and animal health products to cosmeceuticals. Over the last five decades, it has been developing and manufacturing pharmaceutical products and selling and distributing these in over 50 countries around the world.
source: ventura

 

RBI allows FIIs to purchase shares in HDFC Bank

RBI has notified that the aggregate foreign shareholding through ADR/GDR/ FIIs /FPIs/ FDI/NRIs/ PIOs in HDFC Bank have gone below the prescribed limit stipulated under the extant FDI Policy

Reserve Bank of India (RBI) has allowed overseas investors to buy stake in HDFC Bank as the foreign shareholding in the bank went below the prescribed limit. RBI has notified that the aggregate foreign shareholding through American Depository Receipts (ADR)/Global Depository Receipts (GDR)/ Foreign Institutional Investors (FIIs) /Foreign Portfolio Investors (FPIs)/ Foreign Direct Investment (FDI)/Non-Resident Indians (NRIs)/ Persons of Indian Origin (PIOs) in HDFC Bank have gone below the prescribed limit stipulated under the extant FDI Policy. Accordingly, the restrictions placed on the purchase of shares of the bank are withdrawn with immediate effect.

HDFC Bank has reported 15.15% rise in its net profit at Rs 3865.33 crore for the quarter ended December 31, 2016 as compared to Rs 3356.84 crore for the same quarter in the previous year. Total income of the Bank increased 13.48% at Rs 20748.27 crore for Q3FY17 as compared to Rs 18283.31 crore for the corresponding quarter previous year.
source: ventura

 

Havells India to buy Lloyd Electric's consumer business for Rs 1500 crore: Report

The consumer business for Lloyd Electric is its mainstay accounting for the 58% of its total revenues and 44% of the operational profits of the company in the December 2016

Havells India, one of the prominent makers of branded electrical products, is reportedly in advance negotiations with Lloyd Electric & Engineering to acquire its consumer durables business for around Rs 1200 -1500 crore, to get a toehold in the fast growing Indian air conditioners market. The consumer business for Lloyd Electric is its mainstay accounting for the 58% of its total revenues and 44% of the operational profits of the company in the December 2016. Its other business divisions - heat exchangers, original equipment manufacturing and packaged AC business - have seen flat or declining sales.

Havells India is the country's leading Fast Moving Electrical Goods (FMEG) manufacturer, producing a wide range of world class industrial and consumer electrical products. The Company works in step with the Make in India initiative and has an extensive production and distribution network across India and the world.
source: ventura