Bharti Airtel's consolidated net profit fell 58.4% to Rs 617.70 crore on 14% decline in net sales to Rs 21958.10 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 25 July 2017.
Axis Bank's net profit fell 16.1% to Rs 1305.60 crore on 1.4% growth in total income to Rs 14052.30 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 25 July 2017.
Hero MotoCorp's net profit rose 3.5% to Rs 914.04 crore on 7.7% increase in net sales to Rs 7971.58 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 25 July 2017.
The company's EBITDA (earnings before interest, taxes, depreciation and amortization) rose 5.35% to Rs 1295.90 crore in Q1 June 2017 over Q1 June 2016.
Cipla and the product development partnership Medicines for Malaria Venture (MMV) announced the launch of 100 mg Artesunate Rectocaps/Rectal Artesunate Suppositories (RAS), a life-saving, pre-referral intervention for the management of severe malaria in young children. The announcement was made after market hours yesterday, 25 July 2017.
Initially developed by the World Health Organization's (WHO) Tropical Diseases Research programme, RAS 100 mg manufactured by Cipla was recently added to the Global Fund Expert Review Panel's list of quality-assured medicines, while the process of WHO prequalification of this medicine moves through its final stages. This authorization makes it the first quality-assured RAS product.
Cipla's RAS product contains 100 mg of Artesunate and is indicated in children from 6 months to 6 years. It was developed with the support of MMV (with UNITAID financing) and will now soon be available in four sub-Saharan countries.
HDFC and Yes Bank are among the prominent companies that will be announcing their June quarter earnings today, 26 July 2017.
Pidilite Industries' consolidated net profit fell 16.77% to Rs 226.51 crore on 2.58% decline in net sales to Rs 1528.92 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 25 July 2017.
National Fertilizers after market hours yesterday, 25 July 2017 said that the government will divest upto 7.35 crore shares or 15% stake in the company by way of offer for sale (OFS). The floor price for the OFS is Rs 72.80 per share. The OFS will remain open today, 26 July 2017 for non-retail investors and tomorrow, 27 July 2017 for retail investors and for non-retail investors who choose to carry forward their bids through the separate window provided for the purpose on the stock exchanges.
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