Eicher Motors and Hero MotoCorp are scheduled to announce their Q4 March 2016 results today, 5 May 2016.
Wipro and Qlik, a leader in visual analytics, have collaborated to offer advanced enterprise analytics solutions to joint customers across industry sectors. Wipro's competency in delivering end-to-end Business Intelligence (BI) solutions combined with QlikView, Qlik's market-leading data discovery solution, will widen the scope and scale of visualization solutions offered to customers, Wipro said in a statement.
As part of this expanded alliance, QlikView is now fully integrated into Wipro's SmartView-ServiceNXT analytics solution which converts complex data to easy visuals, leading to simplified decision making. This integrated environment will result in customized offerings that will help organizations model, optimize, forecast, budget, execute, manage, and measure product and customer performance across the globe at the click of a button. In addition, QlikView has been integrated into Wipro's SNIPE-BI Transformation Solution, which empowers enterprises to simplify the BI landscape by standardizing and setting up the right set of governance, processes and policies with robust migration frameworks, tools, and accelerators to assist in seamless transformation journeys.
Wipro and Qlik will jointly bring these solutions to market. The companies will collaborate and drive the resultant synergies to customers to deliver a self-service analytics culture. The companies have been jointly hosting several initiatives to upskill and cross-skill resources from Wipro, including Innovation Days and Qlik Academy courses. The announcement was made after market hours yesterday, 4 May 2016.
HDFC after trading hours yesterday, 4 May 2016, announced that it intends to raise Rs 1135 crore through private placement of senior secured redeemable non-convertible debentures. HDFC said that the coupon rate of debentures is 8.34% per annum with a tenor of 2 years and 10 months. The issue opens and closes on the same day on 6 May 2016. The object of the issue is to augment the long-term resources of the company.
Sun Pharmaceutical Industries after trading hours yesterday, 4 May 2016, announced that the two pivotal phase-3 clinical trials evaluating the efficacy and safety of the investigational IL-23p19 inhibitor antibody tildrakizumab (MK-3222) in patients with moderate-to-severe plaque psoriasis met their primary endpoints for both evaluated doses. The overall safety profile of tildrakizumab in both phase-3 clinical trials was consistent with the safety data observed in previously reported studies, the company said. The preparations for submission of a Biologics License Application to the US Food and Drug Administration (USFDA) are proceeding. The detailed findings from the phase-3 clinical trials will be presented at upcoming scientific meetings.
On a consolidated basis, Jindal Steel & Power (JSPL) reported net loss of Rs 363 crore in Q4 March 2016, lower than net loss of Rs 581 crore in Q4 March 2015. Turnover rose 7% to Rs 4874 crore in Q4 March 2016 over Q4 March 2015. Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) rose 9% to Rs 896 crore in Q4 March 2016 over Q4 March 2015. EBITDA margin was reported at 18% in Q4 March 2016, same as in in Q4 March 2015. The result was announced after market hours yesterday, 4 May 2016.
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On a consolidated basis, JSPL reported net loss of Rs 1999 crore in the year ended March 2016, higher than net loss of Rs 1455 crore in the year ended March 2015. Turnover fell 6% to Rs 18412 crore in the year ended March 2016 over the year ended March 2015. EBITDA fell 39% to Rs 3483 crore in the year ended March 2016 over the year ended March 2015. EBITDA margin was reported at 19% in the year ended March 2016, lower than 29% in in the year ended March 2015.
In its outlook, JSPL said that its endeavor for the year ending March 2017 (FY 2017) would be to fully utilize its consolidated capacities of 6.75 MTPA in steel. With Steel prices looking up in recent times on the back of rise in global steel prices and government support through minimum import price (MIP), the company is looking to improve its net sales realization (NSR) substantially during the year and generate higher EBITDA. Ramp up of Oman rebar mill and commissioning of Angul rebar mill should further help increase these realizations.
In power business, the company expects the demand to pick up, both in short term & long term markets. With the summer setting in, the demand and the exchange prices should move higher; helping the company generate higher revenues. Also, the company believes the UDAY scheme by the Government of India is a commendable scheme, which could catalyze the PPA markets in the coming year. JPL is well placed to make competitive bids whence the PPAs began to come up and would look to tie up as much capacity, the company said in a statement.
Supported by government's novel initiatives like Make-in-India campaign, 24X7 power, housing for all, dedicated freight corridors, smart city initiative, JSPL envisages the demand for steel and power to increase in near future and help JSPL sweat its assets to generate additional revenues and higher operating profits in FY 2017 and beyond, the company added.
V-Guard Industries' net profit surged 109.1% to Rs 41.97 crore on 16% rise in net sales to Rs 510.07 crore in Q4 March 2016 over Q4 March 2015. The Q4 result was announced after market hours yesterday, 4 May 2016.
Engineers India (EIL) will be watched. Sonangol is planning to set up 200,000 barrels per stream day (BPSD) (9.5 million metric tonnes per annum) refinery in Lobito, Angola. EIL has been awarded FEED revalidation, licensor selection and BDEP review of Lobito refinery assignment by Sonangol, Angola. The refinery will produce LPG, gasoline, diesel, jet al, coke and sulphur, EIL said in a statement. Financial details of the deal were not disclosed. The announcement was made after market hours yesterday, 4 May 2016.
MOIL said that the Government of Maharashtra has granted mining lease over 53.75 hectare in village Parsoda, Nagpur district in favour of the company. The lease has been executed and registered by the company, MOIL said. The announcement was made after market hours yesterday, 4 May 2016.
Dewan Housing Finance Corporation (DHFL)'s net profit rose 16.87% to Rs 189.66 crore on 24.27% increase in total income to Rs 1966.57 crore in Q4 March 2016 over Q4 March 2015.
DHFL's net profit rose 17.37% to Rs 729.20 crore on 22.32% increase in total income to Rs 7316.72 crore in the year ended March 2016 over the year ended March 2015.
On a consolidated basis, the company's net profit rose 16.63% to Rs 749.30 crore on 22.33% increase in total income to Rs 7856.65 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours yesterday, 4 May 2016.
In a separate announcement after trading hours today, 4 May 2016, the company announced that its board approved further issuance of non-convertible secured debentures (NCDs) upto Rs 5000 crore, non-convertible subordinated unsecured debentures upto Rs 1000 crore and non convertible perpetual unsecured debentures upto Rs 300 crore for the ensuing quarter and till the date of the next board meeting.
The board also approved the company to seek shareholders' approval in the upcoming Annual General Meeting (AGM) for issuing non-convertible secured/unsecured debentures upto Rs 20000 crore, non-convertible subordinated unsecured debentures upto Rs 2000 crore, non-convertible perpetual unsecured debentures upto Rs 500 crore and any other hybrid instrument(s) which can be classified as being Tier II, on private placement basis.
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