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Emami to set up cement plant in Andhra Pradesh, Rajasthan

The comapny is expecting to clock revenues of around Rs 500 crore for a full year of operations ending March 2017

Emami is planning to set up cement units in Andhra Pradesh and Rajasthan. In its medium term goals, the company wants build a cement production capacity of 15-20 million tonnes over the next 3-5 years. Emami Cement, which began operations at its integrated cement manufacturing plant in Chattisgarh in July this year, is expecting to clock revenues of around Rs 500 crore for a full year of operations ending March 2017. The Chattisgarh plant, with a capacity of around 5.5 MTPA, was set up in addition to two separate grinding plants that are to come up in West Bengal and Odisha at a total cost of Rs 3500 crore. The company, which also has a limestone mine in Andhra Pradesh, plans to set up a plant in that state with a capacity of 2 MTPA at a cost of Rs 1,500 crore. The plant in Rajasthan, where it also has a mine, would come up with a capacity of 6 MTPA entailing a cost of another Rs 3,500 crore.

Emami manufactures products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products. The company has reported 34.59% fall in its consolidated net profit after tax, minority interest and share of profit of associates at Rs 56.65 crore for the quarter ended June 30, 2016 as compared to Rs 86.61 crore for the same quarter in the previous year.
source: Ventura

 

Today (25 .10.16) foll cos. will declare Q2 results :

Bharti Airtel, Deep Ind, Delta Corp, Adani Ports, Dr.Reddy, Alembic Pharma, Arvind, Asian Paints, AxisBank, Crompton Greaves Cons, Bharat Bijlee, Granules, Guj Siddhee Cem , Filatex, Gandhi Special Tubes, Geometric, HDFC Bank, Hexaware, IDFC Bank, IFB Agro, ICICI Prulife, IDBI Bank, Meghmani Org, Jyothy Lab, State Bank of Mysore, Kokoyu Camlin, Kotak Bank, KSB Pumps,M&M Financial, L&T FH, PI Ind, Piramal Phytocare, Polaris, Shakti Pumps, Rane Brake, Shriram Transport Fin, Symphony, Tata Investment, Tinplate, Welspun Corp, Zee Ent, Zydus Wellness
source: Ventura

 

Gujarat State Fertilizers reports 12% fall in Q2 net profit

Total income of the company decreased by 8.64% at Rs 1657.95 crore for the quarter under review

Gujarat State Fertilizers & Chemicals has reported results for second quarter ended September 30, 2016.

The company has reported 12.05% fall in its net profit at Rs 125.01 crore for the quarter under review as compared to Rs 142.14 crore for the same quarter in the previous year. Total income of the company decreased by 8.64% at Rs 1657.95 crore for the quarter under review as compared Rs 1814.81 crore for the corresponding quarter previous year.

The company is a leading manufacturer of quality products of Chemical Fertilizers and Industrial Products. The company’s manufacturing units is located at Kosamba, Sikka and Nandesari. It has marketing network spread across India in states like Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra etc.
source: Ventura

 

Rallis India reports 31% rise in Q2 consolidated net profit

The total income of the company increased by 21.20% at Rs 600.38 crore for quarter under review

Rallis India has reported results for second quarter ended September 30, 2016.

The company has reported 23.31% rise in its net profit at Rs 73.16 crore for the quarter under review as compared to Rs 59.33 crore for the same quarter in the previous year. Total income of the company increased by 18.85% at Rs 554.35 crore for Q2FY17 as compared Rs 466.42 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 31% rise in its net profit of Rs 66.52 crore for the quarter ended September 30, 2016 as compared to Rs 50.78 crore for the same quarter in the previous year. The total income of the company increased by 21.20% at Rs 600.38 crore for quarter under review as compared to Rs 495.38 crore for the quarter ended September 30, 2015.
source: Ventura

 

Bodal Chemicals sells Unit-V in Bharuch district to Makxan Products for Rs 5.31 crore

The agreement for sale has been entered in third week of October and the expected date of completion will be within one month

Bodal Chemicals has sold its Unit - V situated at G.I.D.C., Ankleshwar, Bharuch district in state of Gujarat to Makxan Products for Rs 5.31 crore. The agreement for sale has been entered in third week of October and the expected date of completion will be within one month from date of execution of agreement.

The revenue of the Unit- V of the company during the last financial year was NIL and the Unit - V has been shut from last 4 years. Unit - V is ideal assets of the company which is not used by the company and hence, the company has sold it.

Bodal Chemicals is amongst India's leading manufacturer of Dyestuffs, Dye Intermediates and Basic Chemicals. The company has capacity of manufacturing over 25 varieties of Dye Intermediates and around 150 variants in Dyestuff which are principally used as raw materials in Textile, Leather, Paper & other Dye consuming industries.
source: Ventura

 

Idea Cellular reports 88% fall in Q2 consolidated net profit

Total income of the company increased by 8.13% at Rs 9429.30 crore for quarter under review

Idea Cellular has reported results for second quarter ended September 30, 2016.

The company has reported net loss of Rs 42.79 crore for the quarter as ended September 30, 2016 compared to a net profit of Rs 739.59 crore for the same quarter in the previous year. However, total income increased by 7.02% at Rs 9286.44 crore for quarter under review as compared to Rs 8677.37 crore for the quarter ended September 30, 2015.

On the consolidated basis, the company has reported 88% fall in its net profit after tax of Rs 91.46 crore for the quarter ended September 30, 2016 as compared to Rs 762.28 crore for the same quarter in the previous year. However, total income of the company increased by 8.13% at Rs 9429.30 crore for quarter under review as compared to Rs 8720.45 crore for the quarter ended September 30, 2015.
source: Ventura

 

Bharti Infratel reports 31% jump in Q2 consolidated net profit

The total income of the company increased by 8.98% at Rs 1515 crore for quarter under review

Bharti Infratel has reported results for second quarter ended September 30, 2016.

The company has reported 46.86% rise in its net profit at Rs 535.30 crore for the quarter under review as compared to Rs 364.50 crore for the same quarter in the previous year. Total income of the company increased by 8.98% at Rs 1515 crore for Q2FY17 as compared Rs 1390.10 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 30.80% rise in its net profit after tax of Rs 773.80 crore for the quarter ended September 30, 2016 as compared to Rs 591.60 crore for the same quarter in the previous year. The total income of the company increased by 8.98% at Rs 1515 crore for quarter under review as compared to Rs 1390.10 crore for the quarter ended September 30, 2015.
source: Ventura

 

Power Grid to invest Rs 409.19 crore for power transmission related projects

The board of directors at its meeting held on October 22, 2016 approved for the same

Power Grid Corporation of India (Power Grid) has received its board’s approval for investment proposals worth Rs 409.19 crore for power transmission related projects. The board of directors at its meeting held on October 22, 2016 approved for the same.

The investment approval is for amendment of ‘North Eastern Region Strengthening Scheme - IV (NERSS - IV)’ at an estimated cost of Rs 409.19 crore with commissioning schedule of 24 months from the date of investment approval.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.
source: Ventura

 

Dr Reddys Laboratories’ Q2 consolidated net slumps 60%

The total income of the company decreased by 10.58% at Rs 3660.10 crore for quarter under review

Dr Reddys Laboratories has reported results for second quarter ended September 30, 2016.

The company has reported 54.12% fall in its net profit at Rs 313.20 crore for the quarter under review as compared to Rs 682.60 crore for the same quarter in the previous year. Total income of the company decreased by 9.68% at Rs 2691.40 crore for Q2FY17 as compared Rs 2980.00 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 60.13% fall in its net profit after tax, minority interest and share of profit of associates at Rs 308.90 crore for the quarter ended September 30, 2016 as compared to Rs 774.70 crore for the same quarter in the previous year. The total income of the company decreased by 10.58% at Rs 3660.10 crore for quarter under review as compared to Rs 4093.10 crore for the quarter ended September 30, 2015.
source: Ventura

 

Today (26 .10.16) foll cos. will declare Q2 results :
Dabur, Dalmia Bharat, Ajanta Pharma, Deepak Nitrite, Asian Granito, BPL, Cadila Healthcare, Canara Bank, Coromandel Int, Bliss GVS, Cummins, Elgi Rubber, Excel Crop Care, Exide Ind, HDFC, Hero MotoCorp, Hinduja Ventures, Hind Unilever, IPAPPM, IIFL, Indian Hume Pipe, Indoco Rem, IndoTech Trans, ITC, JKLakshmi Cem, Laxmi Machine Works, Motilal Oswal, OCL India, JSW Energy, Jubilant Food,Just Dial, Mah Scooters, Munjal Showa, Manugraph, Oriental Hotels, Kirloskar Bros, PNB Gilts, Raymond, Sagar Cements, State Bank of Travancore, Religare Ent, Shanti Gears, Smartlink, Syndicate Bank, Thomas Cook, Torrent Pharma, Somany Ceramics
source: ventura

 

Arvind divests 10% stake in Arvind Lifestyle Brands for Rs 740 crore

The company has divested its stake to the private equity firm and will use the money to reduce its debt

Arvind, one of India’s largest integrated textile and apparel companies, has divested 10% stake in its brand business subsidiary Arvind Lifestyle Brands to Multiples, the private equity firm founded by Renuka Ramnath. At an enterprise value of Rs 8,000 crore, the deal is valued at Rs 740 crore which would be used by the company to reduce its debt. Post this deal, effective November 2016, the overall debt on the group level of the conglomerate would decline to Rs 2,500 crore.

Arvind’s brand portfolio is among the strongest in India and has many power brands that have growth at a phenomenal pace. The unmatched portfolio includes global marquee brands such as Calvin Klein, Tommy Hilfiger, US Polo Assn, Ed Hardy, Hanes, Arrow, Gant and Nautica among others.

Arvind is India’s largest integrated textile player and is one of the oldest and most respected groups in the Textile Business in India. The company is also one of the largest producers of denim fabrics and is supplier to a large number of fashion brands in the world.
source: ventura

 

Delta Corp reports 8-fold jump in Q2 consolidated net profit

The total income of the company increased by 44.34% at Rs 135.42 crore for quarter under review

Delta Corp has reported results for second quarter ended September 30, 2016.

The company has reported over two fold jump in its net profit at Rs 26.47 crore for the quarter under review as compared to Rs 10.46 crore for the same quarter in the previous year. Total income of the company increased by 38.48% at Rs 88.31 crore for Q2FY17 as compared Rs 63.77 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported around 8 fold jump in its net profit after taxes, Minority Interest & Share of Profit / (Loss) of Associates at Rs 32.25 crore for the quarter ended September 30, 2016 as compared to Rs 4.13 crore for the same quarter in the previous year. The total income of the company increased by 44.34% at Rs 135.42 crore for quarter under review as compared to Rs 93.82 crore for the quarter ended September 30, 2015.
source: ventura

 

PI Industries registers 78% growth in Q2 net profit

Total income of the company increased 20.50% to Rs 585.30 crore for Q2FY17

PI Industries has reported results for second quarter ended September 30, 2016.

The company has reported 77.98% rise in its net profit at Rs 101.38 crore for the quarter ended September 30, 2016 as compared to Rs 56.96 crore for the same quarter in the previous year. Total income of the company increased 20.50% to Rs 585.30 crore for Q2FY17 from Rs 485.72 crore for the corresponding quarter in previous year.

PI Industries focuses on Agri-Input and Custom Synthesis with strength of over 1,400 employees. PI Industries currently operates three formulation and two manufacturing facilities as well as five multi-product plants under its three manufacturing locations across Jammu and Gujarat.
source: ventura

 

Bharti Airtel reports 5% fall in Q2 consolidated net profit

Total income of the company increased by 3.44% at Rs 24671.50 crore for quarter under review

Bharti Airtel has reported results for second quarter ended September 30, 2016.

The company has reported 46.67% rise in its net profit at Rs 3308.10 crore for the quarter under review as compared to Rs 2255.40 crore for the same quarter in the previous year. Total income of the company increased by 10.79% at Rs 16480.10 crore for Q2FY17 as compared Rs 14875.00 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 4.91% fall in its net profit of Rs 1460.70 crore for the quarter ended September 30, 2016 as compared to Rs 1536.10 crore for the same quarter in the previous year. However, total income of the company increased by 3.44% at Rs 24671.50 crore for quarter under review as compared to Rs 23851.90 crore for the quarter ended September 30, 2015.
source: ventura

 

AXIS Bank reports 83% fall in Q2 net profit

Total income of the Bank increased by 14.15% at Rs 13698.77 crore for the quarter under review

AXIS Bank has reported results for second quarter ended September 30, 2016.

The Bank has reported 83.34% fall in its net profit at Rs 319.08 crore for the quarter under review as compared to Rs 1915.64 crore for the same quarter in the previous year. However, total income of the Bank increased by 14.15% at Rs 13698.77 crore for the quarter under review as compared Rs 12001.01 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 4.17% as compared to 1.38% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.02% in Q2FY17.
source: ventura

 

Ricoh India unveils Ricoh Theta SC 360-degree camera

The new RICOH THETA SC allows users to easily transfer capture 360-degree images to smartphones and tablet computers

Ricoh India, a leader in the field of Imaging Solutions & IT Services, has unveiled Ricoh Theta SC, a spherical camera that captures the space around with just one touch. Developed as the standard-class model of the popular Ricoh Theta series, this 360-degree camera provides outstanding usability even for first-time 360-degree camera users and a full range of basic features and solid specifications. The Ricoh Theta SC measures a convenient 45.2mm (W) x 130.6mm (H) x 22.9mm (17.9 mm *6) and weighs approximately 102 gms which makes it noticeably lighter and less bulky than a basic compact camera.

The new RICOH THETA SC allows users to easily transfer capture 360-degree images to smartphones and tablet computers. In addition, it also allows users to upload their images to the theta360.com dedicated website and then share them on social networks, or upload 360-degree videos directly to Facebook and YouTube. The RICOH THETA SC captures high-resolution, fully spherical videos at Full HD quality (1920x 1080 recorded pixels, 30 frames per second) for a maximum duration of five minutes (after a synthesizing process).

Ricoh is a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services.
source: ventura

 

OCL INDIA Q2 PAT Rs.86cr vs Rs.34cr yoy

 

Nse OBERPIRLTY 5.50 lacs @ 349 value 19.19 crs

 

Nse NAUKRI 3.74 lacs @ 882 value 33.07 crs