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IMHO PSU Banks are junk stocks. Better buy private banks like DHFL, CAPF, Bajaj Finance, Federal Bank, CUB etc which are v. good stocks for portfolio.

 

Haa haa ha ..... Sroutaji well said
PSU banks profit is like " Ice " ...in my view we have to wait some more quarters ....

 

AJANTA PHARMA Q2 PAT rs.131cr vs Rs.103cr yoy

 

JSW Energy reports 59% fall in Q2 consolidated net profit

Total Income of the company has decreased by 23.71% to Rs 2098.64 crore for quarter under review

JSW Energy has reported results for second quarter ended September 30, 2016.

The company has reported a net loss of Rs 8.31 crore for the quarter ended September 30, 2016 as compared to a net profit of Rs 243.57 crore for the same quarter in the previous year. Total income of the company decreased by 42.10% at Rs 890.01 crore for the quarter under review as compared Rs 1537.20 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 59.27% fall in its net profit after taxes, minority interest and share of profit of associates at Rs 217.39 crore for the quarter ended September 30, 2016 as compared to Rs 533.77 crore for the same quarter in the previous year. Total Income of the company has decreased by 23.71% to Rs 2098.64 crore for quarter under review from Rs 2750.98 crore for the quarter ended September 30, 2015.
source: ventura

 

Thx for sharing. Keep it up.

 

VRL Logistics reports 54% fall in Q2 net profit

Total income of the company increased by 5.25% at Rs 452.41 crore for the quarter under review

VRL Logistics has reported results for second quarter ended September 30, 2016.

The company has reported 53.74% fall in its net profit at Rs 13.87 crore for the quarter under review as compared to Rs 29.98 crore for the same quarter in the previous year. However, total income of the company increased by 5.25% at Rs 452.41 crore for the quarter under review as compared Rs 429.85 crore for the corresponding quarter previous year.

VRL is one of the leading providers of transportation and logistics service for goods and passenger transportation services in India. Over the years VRL has pioneered in providing a safe and reliable delivery network in the field of parcel service. It has spread its operations to courier service, express cargo and aviation to meet the growing demand of the burgeoning customer base.
source:ventura

 

HCC reports 43% drop in Q2 net profit

Total income of the company decreased by 4.11% at Rs 970.96 crore for the quarter under review

Hindustan Construction Company (HCC) has reported results for second quarter ended September 30, 2016.

The company has reported 42.80% fall in its net profit at Rs 23.08 crore for the quarter under review as compared to Rs 40.35 crore for the same quarter in the previous year. Total income of the company decreased by 4.11% at Rs 970.96 crore for the quarter under review as compared Rs 1012.57 crore for the corresponding quarter 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

 

Castrol India reports marginal fall in Q3 net profit

Total income of the company decreased marginally by 2.75% at Rs 777.20 crore for the quarter under review

Castrol India has reported results for third quarter ended September 30, 2016.

The company has reported 2.37% fall in its net profit at Rs 139.80 crore for the quarter under review as compared to Rs 143.20 crore for the same quarter in the previous year. Total income of the company decreased marginally by 2.75% at Rs 777.20 crore for the quarter under review as compared Rs 799.20 crore for the corresponding quarter previous year.

Castrol India is the second largest player in the Indian lubricant industry and is the market leader in the retail automotive lubricant segment. It manufactures and markets a range of automotive and industrial lubricants.
source:ventura

 

Jet Airways to introduce 28 additional flights per week between India and Abu Dhabi

Jet Airways also intends to commence daily flights to Abu Dhabi from Kannur - its fourth and latest destination from Kerala - from the new, upcoming international airport

Jet Airways, India's premier international airline is planning to further boost connectivity between India and the United Arab Emirates. Beginning 2017, Jet Airways will add 28 flights per week and connect three new Indian cities to the rest of the world via its gateway in Abu Dhabi, complementing its services to other international destinations. As part of the new initiatives and in continuation of its focus to provide guests wider choice and seamless connectivity options, Jet Airways will introduce a second daily service between New Delhi and Abu Dhabi, with effect from Jan 15, 2017. This will be followed by the launch of daily flights between Tiruchirappalli (Trichy) and Abu Dhabi, with effect from Feb 1, 2017, enabling Jet Airways to further capitalise on the strong traffic flows between southern India and the Gulf via UAE and beyond.

Jet Airways also intends to commence daily flights to Abu Dhabi from Kannur - its fourth and latest destination from Kerala - from the new, upcoming international airport, as well as connect the key northern city of Chandigarh with Abu Dhabi via daily flights during the second half of 2017, subject to appropriate regulatory approvals and completion of operational readiness at these airports. The addition of these new routes and frequencies will further strengthen Jet Airways’ strategic partnership with Etihad Airways and demonstrates the airline’s commitment towards connecting India - one of the world’s fastest growing aviation markets to International destinations over its Abu Dhabi gateway.

Jet Airways is India's premier international airline which operates flights to 67 destinations, including India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.
source:ventura

 

Shriram City Union Finance reports 34% rise in Q2 net profit

Total income of the company increased by 17.93% at Rs 1115.58 crore for the quarter under review

Shriram City Union Finance has reported results for second quarter ended September 30, 2016.

The company has reported 34.26% rise in its net profit at Rs 204.49 crore for the quarter under review as compared to Rs 152.31 crore for the same quarter in the previous year. Total income of the company increased by 17.93% at Rs 1115.58 crore for the quarter under review as compared Rs 945.96 crore for the corresponding quarter previous year.

Shriram City Union Finance has presence in the following business segments - loan Against Gold (LAG), Small Business Finance Loans (SBF), Auto Loans, 2-Wheeler loans, Personal Loans and Consumer Durables Loans.
source: ventura

 

TVS Motor registers 33% growth in Q2 net profit

Total income of the company increased by 21.12% at Rs 3765.51 crore for the quarter under review

TVS Motor Company has reported results for second quarter ended September 30, 2016.

The company has reported 33.42% rise in its net profit at Rs 177.39 crore for the quarter under review as compared to Rs 132.96 crore for the same quarter in the previous year. Total income of the company increased by 21.12% at Rs 3765.51 crore for the quarter under review as compared Rs 3108.88 crore for the corresponding quarter previous year.

TVS Motor Company is engaged in manufacturing of two-wheeler vehicles. Its products include automobile component, components distribution, powered two-wheelers, computer peripherals, financial services, contract manufacturing services and software development.
source:ventura

 

United Spirits reports 16% jump in Q2 net profit

Total income of the company increased by 12.86% at Rs 6067.08 crore for the quarter under review

United Spirits has reported results for second quarter ended September 30, 2016.

The company has reported 15.86% rise in its net profit at Rs 82.54 crore for the quarter under review as compared to Rs 71.24 crore for the same quarter in the previous year. Total income of the company increased by 12.86% at Rs 6067.08 crore for the quarter under review as compared Rs 5375.93 crore for the corresponding quarter 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

 

NMDC inks Tripartite MOU with Madhya Pradesh government, MPSMCL

The MOU is for geological & geophysical exploration of various minerals in state of Madhya Pradesh

NMDC has inked a Tripartite MOU with Government of Madhya Pradesh (Directorate of Geology and Mines (DGM) through Mineral Resource Department (MRD)) and Madhya Pradesh State Mining Corporation (MPSMCL). The MOU is for geological & geophysical exploration of various minerals in state of Madhya Pradesh.

NMDC had made intentions to invest during the Global Investors Summit held in October, 2016 for exploration for different minerals in various districts of Madhya Pradesh over an area of approximately 7,200 square kilometers. NMDC has explored several deposits for over five decades within and outside the country and has established deposits of iron ore, copper, limestone, dolomite, bauxite, diamond, sapphire etc.

NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
source:ventura

 

ICICI Bank to provide online money transfer services from Sweden, Norway and Denmark

With this, Money2India Europe service is now available in 20 countries in Europe

ICICI Bank’s British subsidiary - ICICI Bank UK Plc has launched an online money transfer services to facilitate transaction from any bank accounts in Sweden, Norway and Denmark to any recipient account based in India. The service called ‘Money2India Europe’ verifies the credentials of the customers over video call from Money2India Europe website.

The website is owned by ICICI Bank UK Plc. With this, Money2India Europe service is now available in 20 countries in Europe. The service is completely online and can be completed within 15 minutes.

ICICI Bank is India’s largest private sector bank with consolidated total assets of $138.67 billion as of March 31, 2016. Its subsidiaries include India’s leading private sector insurance companies, securities brokerage firm and mutual fund. The bank’s presence currently spans 17 countries, including India.
source:ventura

 

Today (28 .10.16) foll cos. will declare Q2 results :
Carborandum Universal, Century Tex, Colgate, Bajaj Auto, Bajaj Holding, Bharat Financial, Dish TV, GIC Housing, Grasim, Eicher Motors, HCL Info, IDFC,Inox Wind, Heritage Foods, NTPC, Marico, JM Financial, Mahindra Holiday,Jubilant Ind, Kansai Nerolac, UPL, Subros, Sparc, Strides Shashun, Vedanta
source:ventura

 

Bajaj Finserv reports 31% rise in Q2 consolidated net profit

The total income of the company increased by 34.90% at Rs 2999.84 crore for quarter under review

Bajaj Finserv has reported results for second quarter ended September 30, 2016.

The company has reported 43.38% fall in its net profit at Rs 40.69 crore for the quarter under review as compared to Rs 71.86 crore for the same quarter in the previous year. Total income of the company decreased by 28.49% at Rs 69.44 crore for the quarter under review as compared Rs 97.10 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 30.52% rise in its net profit after tax, minority interest and share of profit of associates of Rs 575.75 crore for the quarter ended September 30, 2016 as compared to Rs 441.13 crore for the same quarter in the previous year. The total income of the company increased by 34.90% at Rs 2999.84 crore for quarter under review as compared to Rs 2223.80 crore for the quarter ended September 30, 2015.
source:ventura

 

Torrent Power reports 43% fall in Q2 consolidated net profit

Total Income of the company decreased by 15.55% to Rs 2726.80 crore for quarter under review

Torrent Power has reported results for second quarter ended September 30, 2016.

The company has reported 41.93% fall in its net profit Rs 138.68 crore for the quarter under review as compared to Rs 238.80 crore for the same quarter in the previous year. Total income of the company decreased by 15.20% at Rs 2728.44 crore for the quarter under review as compared Rs 3217.63 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 42.95% fall in its net profit after tax, non controlling interest and share of profit/(loss) of an associate at Rs 140.93 crore for the quarter ended September 30, 2016 as compared to Rs 247.01 crore for the same quarter in the previous year. Total Income of the company decreased by 15.55% to Rs 2726.80 crore for quarter under review from Rs 3228.79 crore for the quarter ended September 30, 2015.
source:ventura

 

Cholamandalam Investment reports 38% rise in Q2 consolidated net profit

Total Income of the company has increased by 14.64% to Rs 1172.81 crore for the quarter under review

Cholamandalam Investment and Finance Company has reported results for second quarter ended September 30, 2016.

The company has reported 41.89% rise in its net profit Rs 170.94 crore for the quarter under review as compared to Rs 120.47 crore for the same quarter in the previous year. Total income of the company increased by 14.27% at Rs 1162.64 crore for the quarter under review as compared Rs 1017.45 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 37.75% rise in its net profit after minority interest at Rs 167.68 crore for the quarter ended September 30, 2016 as compared to Rs 121.73 crore for the same quarter in the previous year. Total Income of the company has increased by 14.64% to Rs 1172.81 crore for the quarter under review from Rs 1023.08 crore for the quarter ended September 30, 2015.
source:ventura

 

UPL Q2 cons PAT Rs.166cr vs Rs.361cr qoq

 

Bharat Financial Inclusion reports 87% rise in Q2 net profit

Total income of the company increased by 38.65% at Rs 449.60 crore for the quarter under review

Bharat Financial Inclusion has reported results for second quarter ended September 30, 2016.

The company has reported 87.36% rise in its net profit of Rs 145.88 crore for the quarter under review as compared to Rs 77.86 crore for the same quarter in the previous year. Total income of the company increased by 38.64% at Rs 449.60 crore for the quarter under review as compared to Rs 324.29 crore for the corresponding quarter previous year.

Bharat Financial Inclusion (formerly known as SKS Microfinance) is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. The company’s mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty.
source:ventura