Shares of housing finance major HDFC will be in focus as the company announces its Q4 March 2016 results today, 2 May 2016.
InterGlobe Aviation's net profit rose 0.3% to Rs 579.31 crore on 6.8% rise in net sales to Rs 4060.69 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours on Friday, 29 April 2016.
UltraTech Cement clarified after market hours on Friday, 29 April 2016 that the company has no fund raising proposal. Media reports had indicated that the company is looking to raise funds by way of equity for financing acquisition.
Wipro announced before market hours today, 2 May 2016 that its subsidiary Wipro Arabia and Saudi Aramco, Princess Nourah University (PNU) on 1 May 2016 inaugurated the Kingdom of Saudi Arabia's first all women business & technology park. The project is expected to create nearly 21,000 jobs for Saudi women over a period of ten years, Wipro said in a statement. The women's business park is envisioned to be the largest engineering drafting services, business process services and information technology hub in the region for a number of industry sectors including oil & gas, manufacturing, government, healthcare, telecom and construction, Wipro said.
Nestle India announced on Friday, 29 April 2016 that the company has introduced NESCAFSUNRISE INSTA-FILTER - which provides the taste of filter coffee and yet does not require a filter, adding to the range of coffee and beverages. The announcement was made after market hours on Friday, 29 April 2016. Specially made from 100% Indian coffee beans, handpicked from Coorg and Chikmagalur, this is blended and roasted to perfection transforming into a dry decoction - locking the rich aroma and fresh taste of filter coffee in every granule, Nestle India said. The company has partnered with Snapdeal for an exclusive offering of this product starting 30 April 2016, it added.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus after Indian Oil Corporation (IOCL) on Saturday, 30 April 2016, announced an increase in the price of petrol and diesel with effect from the midnight of 30 April 2016. Petrol price was hiked by Rs 1.06 per litre and diesel price was raised by Rs 2.94 a litre at Delhi (including state levies) with corresponding price revision in other states. After the latest revision, petrol in Delhi costs Rs 62.19 per litre and diesel costs Rs 50.95 a litre.
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Oberoi Realty's consolidated net profit fell 37.34% to Rs 64.55 crore on 32.06% fall in total income to Rs 237.35 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours on Friday, 29 April 2016. Meanwhile, Oberoi Realty's board of directors at its meeting held on 29 April 2016, has approved issue of non-convertible debentures upto an aggregate amount of Rs 1500 crore by way of private placement, in one or more offering(s) and/ or tranches(s). The company's board also approved issue of equity shares and/ or any other securities convertible into equity by way of one or more public offers or private placement, or both, for an aggregate amount not exceeding Rs 750 crore, including premium.
IDFC's consolidated net profit dropped 65.9% to Rs 130.45 crore on 16.7% fall in total income to Rs 2151.79 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours on Friday, 29 April 2016.
IDFC said that pursuant to order of the Madras High Court dated 25 June 2015 approving the Scheme of Arrangement between the company and IDFC Bank and their respective shareholders and creditors and on receipt of final banking licence by IDFC Bank for commencement of banking operations, the demerger has been recorded with effect from 1 October 2015. Post transfer of the financing undertaking to IDFC Bank, IDFC is mainly an investment company, with minimal operations. Accordingly, the results for Q4 March 2016 are not comparable with results of Q4 March 2015, IDFC said.
Linde India's net profit fell 43.05% to Rs 8.19 crore on 11.93% rise in total income from operations (net) to Rs 416.49 crore in Q1 March 2016 over Q1 March 2015. The result was announced after market hours on Friday, 29 April 2016.
Astra Microwave Products' net profit rose 246.2% to Rs 19.11 crore on 14.77% rise in total income from operations (net) to Rs 124.35 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours on Friday, 29 April 2016.
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