LATEST BUSINESS NEWS

BHEL Q2 PAT Rs.109cr vs loss of Rs.181cr yoy

 

SUTLEJ TEX Q2 PAT Rs.62cr vs Rs.44cr yoy

 

THEMIS MEDICARE Q2 cons PAT Rs.7cr vs rs.7cr yoy

 

WABCO INDIA Q2 PAT Rs.47cr vs Rs.48.5cr yoy

 

KEC INT Q2 cons PAT Rs.65cr vs Rs.28cr yoy, vs Rs.30cr qoq

 

INSECTICIDES Q2 PAT Rs.29cr vs Rs.18cr yoy

 

SANGHI IND Q2 PAT Rs.9cr vs loss of Rs.1cr yoy

 

NITIN SPINNERS Q2 PAT Rs.14cr vs Rs.10cr yoy

 

DECCAN CEMENT Q2 PAT Rs.13.5cr vs Rs.15.5cr yoy

 

BHARAT FORGE Q2 standalone PAT Rs.127cr vs Rs.172cr yoy, vs Rs.122cr qoq

 

ZF STEERING Q2 PAT Rs.9cr vs Rs.14cr yoy

 

Sagar Cements reports 7% rise in October production

The Cement sales for October 2016 stood at 1,08,916 MT, down by 4.71% compared to 1,14,301 MT sold in October 2015

Sagar Cements has reported the cement production and sales figures for October 2016. The Cement production for October 2016 stood at 1,11,260 million tonnes (MT), up by 6.88% compared to 1,04,094 MT produced (including cement purchase) in October 2015. However, the Cement sales for October 2016 stood at 1,08,916 MT, down by 4.71% compared to 1,14,301 MT sold in October 2015.

The cement production for April- October 2016, stood at 8,65,820 MT, down by 13.50% compared to 10,00,933 MT produced (including cement purchase) for the same period last year. The cement sales for April- October, 2016 stood at 8,71,820 MT, down by 12.85% compared to sales of 10,00,325 MT for April- October, 2015 period.

Sagar Cements is one of the most modern mini cement plants in the state of Andhra Pradesh. The plant is based on Dry Process Rotary Kiln Technology that is used in ‘Standard Quality' cement companies.
source: ventura

 

GlaxoSmithkline Consumer Healthcare reports 17% cut in Q2FY17

Total income of the company decreased marginally by 0.82% at Rs 1250.58 crore for the quarter under review

GlaxoSmithkline Consumer Healthcare has reported results for second quarter ended September 30, 2016.

The company has reported 16.62% fall in its net profit at Rs 183.72 crore for the quarter under review as compared to Rs 220.34 crore for the same quarter in the previous year. Total income of the company decreased marginally by 0.82% at Rs 1250.58 crore for the quarter under review as compared Rs 1260.95 crore for the corresponding quarter previous year.

GlaxoSmithKline Consumer Healthcare is a subsidiary of GlaxoSmithKline plc of UK. 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

 

Vesuvius India registers 26% growth in Q3 net profit

Total income of the company increased 23.71% to Rs 222.96 crore for the quarter under review

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

The company has reported 25.98% rise in its net profit at Rs 25.46 crore for the quarter ended September 30, 2016 as compared to Rs 20.21 crore for the same quarter in the previous year. Total income of the company increased 23.71% to Rs 222.96 crore for the quarter under review from Rs 180.23 crore for the corresponding quarter in previous year.

Vesuvius India is engaged in manufacturing and trading of refractory goods. The Company operates in the segment of manufacturing, trading and sale of refractories. The Company provides services in relation to refractory goods.
source: ventura

 

ICICI Bank reports 13% drop in Q2 consolidate net profit

Total Income of the Bank has increased by 29.03% to Rs 32434.92 crore for quarter under review

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

The Bank has reported 2.38% rise in its net profit at Rs 3102.27 crore for the quarter under review as compared to Rs 3030.11 crore for the same quarter in the previous year. Total income of the Bank increased by 41.31% at Rs 22759.08 crore for the quarter under review as compared Rs 16106.22 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported 12.86% fall in its net profit at Rs 2978.95 crore for the quarter ended September 30, 2016 as compared to Rs 3418.53 crore for the same quarter in the previous year. However, total Income of the Bank has increased by 29.03% to Rs 32434.92 crore for quarter under review from Rs 25137.61 crore for the quarter ended September 30, 2015.
source: ventura

 

Today (08.11.16) foll cos. will declare Q2 results :
BBTC, Bharat Forge, BHEL, Deccan Cement, Bombay Dyeing, Apar Ind, Ashok Leyland, Cineline, ENIL, Interglobe, HEG, Hitech Plast, Mcleod Russel, MRPL, KEC, PFS,Repco Home, Sanghi Ind, SML Isuzu, UFO Movies, Tata Comm, Themis Medicare, Vesuvius, VA Tech Wabag, Wabco
source: ventura

 

EID Parry turns black in Q2

Total Income of the company has increased by 6.66% to Rs 4757.26 crore for quarter under review

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

The company has reported a net profit of Rs 81.72 crore for the quarter under review as compared to a net loss of Rs 33.89 crore for the same quarter in the previous year. Total income of the company increased by 2% at Rs 671.26 crore for the quarter under review as compared Rs 658.11 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net profit after tax and Minority Interest of Rs 126.15 crore for the quarter ended September 30, 2016 as compared to a net loss of Rs 4.00 crore for the same quarter in the previous year. Total Income of the company has increased by 6.66% to Rs 4757.26 crore for quarter under review from Rs 4460.17 crore for the quarter ended September 30, 2015.
source: ventura

 

Bharat Forge reports 26% fall in Q2 net profit

Total income of the company decreased by 19.37% at Rs 966.82 crore for the quarter under review

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

The company has reported 26.34% fall in its net profit at Rs 126.89 crore for the quarter under review as compared to Rs 172.27 crore for the same quarter in the previous year. Total income of the company decreased by 19.37% at Rs 966.82 crore for the quarter under review as compared Rs 1199.14 crore for the corresponding quarter previous year.

Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components
source: ventura

 

KEC International reports over two fold rise in Q2 consolidated net profit

Total Income of the company has increased by 2.78% to Rs. 2126.87 crore for quarter under review

KEC International has reported results for second quarter ended September 30, 2016.

The company has reported 4.19% fall in its net profit at Rs 48.89 crore for the quarter under review as compared to Rs 51.03 crore for the same quarter in the previous year. Total income of the company decreased by 1.02% at Rs 1850.00 crore for the quarter under review as compared Rs 1869.13 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over two fold rise in its net profit after taxes, minority interest and share of profit of associates at Rs 65.04 crore for the quarter ended September 30, 2016 as compared to Rs 28.15 crore for the same quarter in the previous year. Total Income of the company has increased by 2.78% to Rs 2126.87 crore for quarter under review from Rs 2069.26 crore for the quarter ended September 30, 2015.
source: ventura