On a consolidated basis, Jindal Steel & Power reported net loss of Rs 1618.78 crore in Q3 December 2014 compared with net profit of Rs 561.51 crore in Q3 December 2013. Total income fell 1.38% to Rs 5078.93 crore in Q3 December 2014 over Q3 December 2013.
Aurobindo Pharma, Bharti Airtel, Tata Power Company and Wockhardt will unveil their Q3 results today, 4 February 2015.
Shares of HCL Technologies turn ex-dividend today, 4 February 2015 for an interim dividend of Rs 8 per share for the year ending 30 June 2015.
HCL Technologies after market hours yesterday, 3 February 2015, announced the opening of a new service delivery centre in Oslo, to support its ongoing growth in the Nordics. The new centre will enhance HCL's delivery capabilities and serve as a hub to provide transformational IT infrastructure and application services to its customers in the region. This is HCL's third delivery centre in the Nordics besides Espoo (Finland) and Stavanger (Norway). Located in the heart of Oslo's BARCODE business area, the new centre will support more than 100 seats.
Shares of NTPC turn ex-dividend today, 4 February 2015 for an interim dividend of Rs 0.75 per share for the year ending 31 March 2015.
Reliance Industries (RIL) announced before market hours that that it has priced a Rule 144A/Regulation S offering of $750 million 4.875% Senior Unsecured Notes due 2045. The Notes have been assigned a rating of BBB+ (S&P) and Baa2 (Moody's). The Notes have been priced at 262.5 basis points over the 30-year US Treasury Note, at a price of 98.865 to yield 4.948%. The Notes will be denominated in US dollars, and will bear fixed interest of 4.875% p.a., with interest payable semi-annually in arrears and shall rank pari passu with all other unsecured and unsubordinated obligations of the company. The funds will be utilized for its ongoing capital expenditure.
With respect to news article titled "HDFC Bank to Raise Rs. 10KCr This week," the bank said after market hours yesterday, 3 February 2015, that the timing, type of issue and mode of capital raising will be decided by the boards of directors at an appropriate time subject to receipt of requisite approvals. The bank has obtained approval of shareholders to raise additional capital upto Rs 10000 crore through one or more tranches of domestic or international offerings.
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Hero MotoCorp's net profit rose 11.11% to Rs 582.98 crore on 0.56% decline in total income to Rs 6932.85 crore in Q3 December 2014 over Q3 December 2013.
PSU OMCs will be in focus after oil marketing companies cut petrol prices for the tenth time since August by Rs 2.42 to Rs 58.91 per litre in Delhi, while diesel prices cut by Rs 2.21 to Rs 46.01 effective 4 February 2015.
On a consolidated basis, Crompton Greaves reported 342.26% surge in net profit to Rs 274.29 crore on 2.09% fall in total income to Rs 3357.67 crore in Q3 December 2014 over Q3 December 2013. The company announced the result after market hours yesterday, 3 February 2015.
Crompton Greaves' Q3 December 2014 net profit was boosted by an exceptional income of Rs 267.54 representing profit on sale of portion of land at Kanjurmarg, Mumbai amounting to Rs 278.15 crore and compensation to employees pursuant to Voluntary Retirement Scheme amounting to Rs 10.61 crore.
Adani Ports and Special Economic Zone will be watched. With respect to media reports titled Adani, JSW in race for Rs. 350 cr. Project," Adani Ports and Special Economic Zone after market hours yesterday, 3 February 2015, replied that the company discusses various alternatives as may be feasible to pursue.
On a consolidated basis, Britannia Industries reported 36.51% rise in net profit to Rs 137.28 crore on 14.2% rise in total income to Rs 2052.92 crore in Q3 December 2014 over Q3 December 2013. The company announced the result after market hours yesterday, 3 February 2015.
Consolidated profit from operations on an equalised basis (after excluding the impact of additional depreciation basis revision in estimated useful lives of fixed assets as per schedule II of Companies Act 2013) rose 42.85% to Rs 200 crore in Q3 December 2014 over Q3 December 2013.
Commenting on the performance, Mr. Varun Berry, Managing Director, said, This quarter is a pay-off of all our efforts of strengthening our building blocks with great momentum on distribution, building cost efciencies, right sizing our xed costs and building a strong & passionate team. We have made our key brands more affordable and have selectively passed off the benets of benign commodity prices to consumers to ensure increased off-take in a sluggish market.
On a consolidated basis, Bharti Infratel reported 23.48% rise in net profit to Rs 506.90 crore on 8.77% rise in total income to Rs 3070.40 crore in Q3 December 2014 over Q3 December 2013. The company announced the result after market hours yesterday, 3 February 2015. Consolidated EBITDA improved 13% to Rs 1276 crore in Q3 December 2014 over Q3 December 2013, representing an operating margin of 43.3%. Consolidated EBIT rose 19% to Rs 717 crore in Q3 December 2014 over Q3 December 2013. Total towers rose to 85,064 in Q3 December 2014 from 82,813 in Q3 December 2014.
Akhil Gupta, Chairman, Bharti Infratel, said Telecom sector in India is witnessing a rapidly growing demand for data and high speed internet access. The operators have already invested significant amounts for data spectrum and are likely to increase it further in forthcoming auctions. Encouraged by surging demand for data across the country and to monetize this significant investment, the operators have already stepped up the rollout of the data networks. We expect this to further accelerate in the ensuing years. We continue to be the preferred infrastructure partners for telecom operators in India and fully geared to serve their rapidly increasing requirements of rollout.
Nilkamal reported 18.98% rise in net profit to Rs 8.46 crore on 11.62% rise in net revenue to Rs 422.64 crore in Q3 December 2014 over Q3 December 2013.
Ganesh Housing Corporation said that the Board of Directors of the company at its meeting held on 3 February 2015, have authorized the company to issue Non-Convertible Debentures aggregating upto Rs 100 crore on private placement basis in one or more tranches or issuances subject to approval of members at proposed Extra-ordinary General Meeting to be held on 28 February 2015 and other statutory authorities.
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