Bharat Heavy Electricals (Bhel), Mahindra & Mahindra (M&M), Grasim Industries and Tata Motors are scheduled to announce their Q1 June 2015 earnings today, 7 August 2015.
Adani Enterprises will be watched. Adani Enterprises after market hours yesterday, 6 August 2015, issued a clarification that a technical legal error by the Federal Environment Minister of Australia made the approval for the company's Carmichael Coal Mine and Rail project in Australia into an adverse decision by the federal court of Australia. Certain documents were not presented by the Federal Environment Department while finalising the approval, which created a technical legal vulnerability, Adani Enterprises said. Adani will await the Minister and his department's timely reconsideration of its approval application under the Commonwealth Environment Protection and Biodiversity Conservation (EPBC) Act, the company said. Adani Enterprises said that the company is confident that the conditions imposed on the existing approval are robust and proper once the technicality is addressed.
Tata Steel will be in focus. With respect to news article titled, "Tata group may buyout Tata Steel's stake in Tata Motors, Tata Steel to undergo debt refinancing exercise to bring down interests costs," Tata Steel clarified after market hours yesterday, 6 August 2015, that the news is speculative. The company is committed to making disclosures to the regulators and the investing community at the appropriate time so as to eliminate any asymmetry of information. The company has robust disclosure principles and follows a policy of not commenting on speculative news, it added.
Trent's net profit slumped 73.72% to Rs 16.06 crore on 8.76% increase in total income to Rs 358.69 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 6 August 2015. Results for the quarter are not comparable with the corresponding quarter of the previous year which included net exceptional gain of Rs 70.18 crore. Profit before exceptional items for the quarter is higher by 74% as compared to the corresponding quarter of the previous year.
On a consolidated basis, Fortis Healthcare reported net profit of Rs 87 crore in Q1 June 2015 compared with net loss of Rs 46 crore in Q1 June 2014. Revenue rose 2.74% to Rs 1049 crore in Q1 June 2015 over in Q1 June 2014. The result was announced after market hours yesterday, 6 August 2015. The results for Q1 June 2015 are not comparable with Q1 June 2014 due to progressive divestment of the company's international businesses viz. RadLink Asia, Singapore and Fortis Surgical Hospital Singapore completed in Q1 June 2015.
On a consolidated basis, SRF's net profit rose 22.39% to Rs 113.21 crore on 3.5% increase in total income to Rs 1226.68 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 6 August 2015.
HCL Technologies turns ex-dividend today, 7 August 2015, for interim dividend of Rs 5 per share for the year ending 30 June 2016.
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IndusInd Bank turns ex-dividend today, 7 August 2015, for dividend of Rs 4 per share for the year ended 31 March 2015.
LIC Housing Finance turns ex-dividend today, 7 August 2015, for dividend of Rs 5 per share for the year ended 31 March 2015.
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