Tata Motors reported consolidated net profit of Rs 848.16 crore in Q2 September 2016 as compared with net loss of Rs 1740.20 crore in Q2 September 2015. Total income rose 7% to Rs 66,106.96 crore in Q2 September 2016 over Q2 September 2015. The result was announced on Monday, 14 November 2016, when the stock market was closed for a public holiday.
GAIL (India) will announce its Q2 September 2016 results today, 15 November 2016.
Tata Steel reported consolidated net loss of Rs 49.38 crore in Q2 September 2016 compared with consolidated net profit of Rs 5609.43 crore in Q2 September 2015. Total income fell 0.01% to Rs 27579.57 crore in Q2 September 2016 over Q2 September 2015. The result was announced was announced after market hours on Friday, 11 November 2016.
Aurobindo Pharma's consolidated net profit rose 33.53% to Rs 605.64 crore on 12.03% rise in total income to Rs 3783.73 crore in Q2 September 2016 over Q2 September 2015. The result was announced on Monday, 14 November 2016.
Bharat Petroleum Corporation's (BPCL) net profit rose 26.16% to Rs 1305.18 crore on 2.67% fall in total income to Rs 45715.06 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours on Friday, 11 November 2016.
Seperately BPCL after market hours on Friday, 11 November 2016 announced formation of Joint Venture with GAIL Gas for a City Gas Distribution (CGD). Consortium of BPCL and GAIL Gas has been awarded the authorization for laying, building, operating and expanding of a City Gas Distribution Network (CGD Network) in the geographical area of North Goa by the Petroleum and Natural Gas Regulatory Board established under the PNGRB Act, 2006. The board of directors of the company has approved the proposal to form a new Joint Venture Company (JVC) for this purpose, BPCL said. The proposed JVC shall have equal equity participation from BPCL and Gail Gas and with a provision for equity stake of up to 10% for government of Goa or its nominee. The authorization provides exclusively for laying gas pipelines and related infrastructure in the GA over the next 25 years and a marketing exclusivity for 5 years. The CGD Network shall cater to the demand of CNG and Piped Natural Gas to consumers in the domestic, commercial and industrial segments.
Hindalco Industries' net profit surged 256.18% to Rs 439.74 crore on 1.28% rise in total income to Rs 9,494.40 crore in Q2 September 2016 over Q2 September 2015. The result was announced on Saturday, 12 November 2016.
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Bank of Baroda's net profit net profit jumped 343.54% to Rs 552.12 crore on 2.06% decline in total income to Rs 12046.60 crore in Q2 September 2016 over Q2 September 2015. The result was announced was announced after market hours on Friday, 11 November 2016.
IL&FS Transportation Networks said that IIPL USA LLC, a wholly owned subsidiary of the company has been declared as the preferred bidder for the maintenance of 4 project highways in Dallas County, Texas USA. The combined length of the highways to be maintained is 436 Miles (698 Km) for a period of 730 days at the total contract value of $1.75 million (approx. Rs 11.65 crore). This is in continuation to the Routine Maintenance Contract awarded for Tyler District, Texas in the amount of $5.25 million (approx. Rs 35 crore). The announcement was made after market hours on Friday, 11 November 2016.
Hikal said that credit rating agency ICRA has upgraded the company's long term rating from BBB to BBB+. The outlook on long term rating is stable. ICRA has reaffirmed the short term rating of A2. The announcement was made after market hours on Friday, 11 November 2016.
MOIL said that the board of directors of the company has approved Memorandum of Understanding (MoU) signed jointly with Government of Madhya Pradesh, Mineral Resources Department and Madhya Pradesh State Mining Corporation, a PSU under Govt, of Madhya Pradesh to conduct exploration and prospecting works in Madhya Pradesh. The announcement was made after market hours on Friday, 11 November 2016.
Kingfa Science & Technology (India) said that the Maharashtra Industrial Development Corporation has handed over the possession of Plot No. F-5/5 admeasuring 120000 sq mtr of the Chakhan Industrial Area Phase -II, Village Shinde & Vasuli Tal-Khed, District - Pune to the company, for manufacturing facility. The company also has signed the lease Agreement for the land. The result was announced on Monday, 14 November 2016, when the stock market was closed for a public holiday.
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