Don’t miss the latest developments in business and finance.

Britannia Industries in spotlight after Q2 earnings

Image
Capital Market
Last Updated : Nov 12 2013 | 11:56 PM IST

On a consolidated basis, Britannia Industries' net profit jumped 65.7% to Rs 97.60 crore on 12.8% increase in revenue to Rs 1740 crore in Q2 September 2013 over Q2 September 2012. The result was announced after market hours on Monday, 11 November 2013.

National Aluminium Company's (Nalco) net profit surged 3648.33% to Rs 179.17 crore on 6.50% increase in total income to Rs 1861.07 crore in Q2 September 2013 over Q2 September 2012. The result was announced after market hours on Monday, 11 November 2013.

Asian Paints said after market hours on Monday, 11 November 2013, that it has closed its open offer for buying the shares of Berger International, Singapore (BIL) and has acquired 96.48% stake in the latter. The open offer made by its Mauritius-based wholly-owned subsidiary Asian Paints International (APIL) was closed on 8 November 2013, Asian Paints said in a filing to BSE.

Hindalco Industries, HPCL, MMTC, Oil India, Oracle Financial Services Software, Reliance Capital, Reliance Communications and Tata Global Beverages, among others will announce their June-September 2013 quarter results on Tuesday, 12 November 2013.

Godrej Industries' consolidated net profit rose 22% to Rs 94 crore on 2% growth in total income to Rs 2083 crore in Q2 September 2013 over Q2 September 2012. The result was announced after market hours on Monday, 11 November 2013.

Godrej Industries' consolidated profit before depreciation, interest, taxation (PBDIT) rose 31% to Rs 191 crore in Q2 September 2013 over Q2 September 2012. Profit before tax (PBT) rose 38% to Rs 139 crore.

Godrej Properties' board of directors at a meeting held on Monday, 11 November 2013, fixed 22 November 2013 as the record date for 2-for-1 stock split.

More From This Section

Reliance Power (RPower)'s consolidated net profit rose 4% to Rs 251 crore on 23% growth in total income to Rs 1457 crore in Q2 September 2013 over Q2 September 2012. The result was announced after market hours on Monday, 11 November 2013.

RPower's consolidated operating revenue rose 22% to Rs 1321 crore in Q2 September 2013 over Q2 September 2012. EBITDA (earnings before interest, taxation, depreciation and amortization) rose 10% to Rs 431 crore.

RPower said it has maintained its growth momentum by registering strong operational and financial performances in Q2 September 2013.

RPower said that the progress at the second unit of 660 megawatts (MW) of Sasan ultra mega power project (UMPP) of 3,960 MW is on track and the unit is likely to be commissioned in November 2013. The work at 100 MW Concentrated Solar Power (CSP) project in Dhursar, Rajasthan is on stream and the project is expected to be commissioned in the current financial year, it said.

Reliance Infrastructure (RInfra)'s consolidated net profit rose 11.78% to Rs 427 crore on 9.05% decline in total income to Rs 5273 crore in Q2 September 2013 over Q2 September 2012. The result was announced after market hours on Monday, 11 November 2013.

As on 30 September 2013, the consolidated networth of the company stood at Rs 26110 crore and is conservatively financed with debt to equity of 0.79, RInfra said.

NHPC's net profit fell 9.67% to Rs 707.58 crore on 3.13% decline in total income to Rs 1950.23 crore in Q2 September 2013 over Q2 September 2012. The result was announced after market hours on Monday, 11 November 2013.

Engineers India's net profit fell 30.62% to Rs 111.86 crore on 25.81% decline in total income to Rs 548 crore in Q2 September 2013 over Q2 September 2012. The result was announced after market hours on Monday, 11 November 2013.

Binani Industries' board of directors at a meeting held on Monday, 11 November 2013, decided to merge Wada Industrial Estate (WIEL), a wholly owned subsidiary with the company effective 1 December 2013.

Relaxo Footwears said that 25 November 2013 has been fixed to be record date for the purpose of 5-for-1 stock split as approved by the company's board of directors in their meeting held on 27 July 2013 and by the shareholders in the Annual General Meeting of the company held on 19 September 2013.

Fomento Resorts & Hotels' board of directors at a meeting held on Monday, 11 November 2013, inter alia, have considered the matter concerning voluntary delisting of equity shares from Ahmadabad Stock Exchange as per the board meeting agenda which was intimated to the exchange vide letter dated 31 October 2013. The board of directors has deferred the matter of delisting of equity shares from the Ahmadabad Stock Exchange.

Powered by Capital Market - Live News

Also Read

First Published: Nov 12 2013 | 8:46 AM IST

Next Story