LATEST BUSINESS NEWS

United Spirits reports 45% fall in Q3 net profit

The company’s total income has increased by 20.29% to Rs 2646.30 crore for the quarter under review
United Spirits has reported results for third quarter ended December 31, 2015.

The company has reported 45.20% fall in its net profit at Rs 40.95 crore for the third quarter as compared to Rs 74.73 crore for the same quarter in the previous year. The company’s total income has increased by 20.29% to Rs 2646.30 crore for the quarter under review from Rs 2199.86 crore for the corresponding quarter of the previous year.

United Spirits is the largest spirits company in India and a flagship entity of $2 billion UB group. It manufactures wide range of whisky, vodka, rum and other spirits.
source : ventura

 

Just Dial reports 16% fall in Q3 net profit

The company’s total income has increased by 14.58% to Rs 180.90 crore for the quarter under review
Just Dial has reported results for third quarter ended December 31, 2015.

The company has reported 16.02% fall in its net profit at Rs 26.99 crore for the third quarter as compared to Rs 32.14 crore for the same quarter in the previous year. However, the company’s total income has increased by 14.58% to Rs 180.90 crore for the quarter under review from Rs 157.88 crore for the corresponding quarter of the previous year.

Just Dial is one of the leading local search engines in India. It provides users search services with information and user reviews from its database of local businesses, products and services across India.
source : ventura

 

Housing Development Finance Corporation reports 11% rise in Q3 consolidated net profit

Total income of the company has increased by 2.96% at Rs 12306.52 crore for quarter under review
Housing Development Finance Corporation has reported results for third quarter ended December 31, 2015.

The company has reported 6.67% rise in its net profit at Rs 1520.51 crore for the quarter ended December 31, 2015 as compared to Rs 1425.49 crore for the same quarter in the previous year. The company’s total income has increased by 6.47% to Rs 7327.69 crore for the quarter under review from Rs 6882.52 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 11.01% rise in its net profit after tax attributable to the Corporation and its Subsidiaries at Rs 2419.00 crore for the quarter ended December 31, 2015 as compared to Rs 2179.01 crore for the same quarter in the previous year. Total income of the company has increased by 2.96% at Rs 12306.52 crore for quarter under review as compared to Rs 11952.48 crore for the quarter ended December 31, 2014.
source : ventura

 

RANE BRAKE Q3 PAT Rs.8cr vs Rs.4.4cr yoy

 

CENTURY PLY Q3 PAT Rs.42cr vs Rs.41cr yoy, vs Rs.46cr qoq

 

SYNDICATE BANK Q3 loss Rs.120cr vs PAT of Rs.305cr yoy, vs Rs.332cr qoq

 

Dabur India surges on reporting 13% rise in Q3 consolidated net profit

Total income of the company has increased by 3.30% at Rs 2187.37 crore for quarter under review
Dabur India is currently trading at Rs. 242.05, up by 5.05 points or 2.13% from its previous closing of Rs. 237.00 on the BSE.

The scrip opened at Rs. 235.00 and has touched a high and low of Rs. 244.20 and Rs. 235.00 respectively. So far 116231 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 316.50 on 06-Aug-2015 and a 52 week low of Rs. 231.30 on 27-Jan-2016.

Last one week high and low of the scrip stood at Rs. 251.40 and Rs. 231.30 respectively. The current market cap of the company is Rs. 41999.50 crore.

The promoters holding in the company stood at 68.10% while Institutions and Non-Institutions held 25.14% and 6.76% respectively.

The company has reported 14.71% rise in its net profit at Rs 248.77 crore for the quarter ended December 31, 2015 as compared to Rs 216.87 crore for the same quarter in the previous year. However, the company’s total income has decreased by 1.23% to Rs 1515.74 crore for the quarter under review from Rs 1534.64 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 12.65% rise in its net profit after taxes, Minority Interest and Share of Profit/(Loss) of Associates at Rs 318.54 crore for the quarter ended December 31, 2015 as compared to Rs 282.78 crore for the same quarter in the previous year. Total income of the company has increased by 3.30% at Rs 2187.37 crore for quarter under review as compared to Rs 2117.58 crore for the quarter ended December 31, 2014.
source : ventura

 

NOIDA TOLL Q3 PAT Rs.20cr vs Rs.20cr yoy, vs Rs.21cr qoq

 

ADLABS ENT Q3 loss Rs.25cr vs loss of Rs.22cr yoy, vs loss of Rs.35cr qoq

 

Syndicate Bank reports net loss of Rs 119.67 crore in Q3

Total income of the bank has increased by 4.50% at Rs 6188.25 crore for quarter under review
Syndicate Bank has reported results for third quarter ended December 31, 2015.

The bank has reported a net loss of Rs 119.67 crore for the quarter under review as compared to a net profit of Rs 304.99 crore for the same quarter in the previous year. However, total income of the bank has increased by 4.50% at Rs 6188.25 crore for quarter under review as compared to Rs 5921.58 crore for the quarter ended December 31, 2014.

Gross non-performing assets (NPAs) increased to 4.61% in the October- December quarter as against 3.60% in the same quarter previous year, while net NPAs stood at 3.04%.
source : ventura

 

Hindustan Construction Company reports 29% fall in Q3 net profit

The company’s total income has decreased by 4.02% to Rs 1080.98 crore for the quarter under review
Hindustan Construction Company has reported results for third quarter ended December 31, 2015.

The company has reported 28.59% fall in its net profit at Rs 19.38 crore for the quarter ended December 31, 2015 as compared to Rs 27.14 crore for the same quarter in the previous year. The company’s total income has decreased by 4.02% to Rs 1080.98 crore for the quarter under review from Rs 1126.27 crore for the corresponding quarter of the previous year.

HCC is a leader in engineering and construction space. The company has established a vast presence and gained recognition in the sectors of Hydro Power, Water Solutions, Transportation and Nuclear Power.
source : ventura

 

Infosys invests $4 million in Waterline Data Science

Waterline Data Science is a leading provider of data discovery and data governance software
Infosys, a global leader in consulting, technology, outsourcing and next-generation services, has made an investment of $4 million in Waterline Data Science, a leading provider of data discovery and data governance software. The investment will be completed on or before February 4, 2016.

Waterline Data Science provides data scientists and business analysts with a self-service data catalog to help discover, understand and provision data, and an automated data inventory that enables agile data governance across metadata, data quality and data lineage.

Infosys is a global leader in consulting, technology, outsourcing and next-generation services. The company enables clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition.
source : ventura

 

EMAMI Q3 PAT Rs.206cr vs Rs.184cr yoy, vs Rs.61cr qoq

 

VEDANTA Q3 cons PAT Rs.18cr vs Rs.1588cr yoy, vs Rs.974cr qoq

 

FSL Q3 cons PAT Rs.67cr vs Rs.58cr yoy, vs Rs.62cr qoq

 

Gujarat Pipavav Port’s Q3 net profit drops 40%

The company’s total income has decreased by 9.37% to Rs 171.84 crore for the quarter under review
Gujarat Pipavav Port has reported results for third quarter ended December 31, 2015.

The company has reported 40.33% fall in its net profit at Rs 53.30 crore for the quarter ended December 31, 2015 as compared to Rs 89.32 crore for the same quarter in the previous year. The company’s total income has decreased by 9.37% to Rs 171.84 crore for the quarter under review from Rs 189.61 crore for the corresponding quarter of the previous year.

Gujarat Pipavav Port is the developer and operator of APM Terminals Pipavav, India's first private sector port, which has multi-cargo and multi-user operations.
source : ventura

 

Today (29.01.16) Q3 result :

AVT Natural, Yes Bank, Wabco, Vguard, UPL, Thermax, Siemens, Shriram City Union, Saregama, Shree Pushkar, Shoppers Stop, Taj GVK, Suzlon, Sundaram Finance, TVS Motors, Orient Paper, NTPC, Kokuyo Camlin, NRB, PVR, Kirloskar Ind, Nelco, Navin Fluoro, Premier, L&T, Praj Ind, JSW Steel, Pidilite Ind, Philips Carbon, Jayshree Tea, Jagran, Indoco, India Nippon, Indian Hume Pipe, IIFL, IRB, IFB Ind, GIC Housing, Gabriel, Elecon Eng, EIH Associated, Eclerx, Astra Micro, Cholamandalam Finance, Astec Life, CARE, Akzo Noble, Advanta, Blue Star, Bharat Gears, Den Networks, Banco Products
Source : Ventura

 

Titan Company reports 18% rise in Q3 net profit

The company’s total income has increased by 17.24% to Rs 3439.88 crore for the quarter under review
Titan Company has reported results for third quarter ended December 31, 2015.

The company has reported 18.12% rise in its net profit at Rs 225.29 crore for the third quarter as compared to Rs 190.73 crore for the same quarter in the previous year. The company’s total income has increased by 17.24% to Rs 3439.88 crore for the quarter under review from Rs 2934.03 crore for the corresponding quarter of the previous year.

Titan company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.
Source : Ventura

 

Muthoot Finance reports 21% rise in Q3 net profit

The company’s total income has increased by 6.73% to Rs 1141.16 crore for the quarter under review
Muthoot Finance has reported results for third quarter ended December 31, 2015.

The company has reported 20.86% rise in its net profit at Rs 186.66 crore for the quarter ended December 31, 2015 as compared to Rs 154.44 crore for the same quarter in the previous year. The company’s total income has increased by 6.73% to Rs 1141.16 crore for the quarter under review from Rs 1069.24 crore for the corresponding quarter of the previous year.

Muthoot Finance is the largest gold financing company in India in terms of loan portfolio. The company is a Systemically Important Non-deposit taking NBFC headquartered in the southern Indian state of Kerala and with its corporate office in New Delhi.
Source : Ventura

 

PC Jeweller receives nod to increase foreign investment limit to 49%

The company has received RBI’s approval to increase its foreign investment limit under PIS - FII/RFPIs
PC Jeweller has received an approval to increase its foreign investment limit under PIS - FII/RFPIs to 49%. The Reserve Bank of India (RBI) has informed the company that Foreign Institutional Investors (FIIs) / Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49% of the paid up capital under the Portfolio Investment Scheme (PIS).

PC Jeweller is one of the leading jewellery companies in India in the organized jewellery retail sector. Its operations include the manufacture, retail and export of jewellery. The company has developed a strong brand in north and central India markets.
Source : Ventura