Bharti Airtel's consolidated net profit rose 2.78% to Rs 1290.30 crore on 8.43% rise in total income to Rs 24983.10 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 27 April 2016.
Bharti Airtel's board of directors approved the proposal to buyback the shares on a proportionate basis through a tender offer. The buy back shall be up to an aggregate amount not exceeding Rs 1434 crore at a price of Rs 400 per share translating into approximately 3.58 crore shares, representing 0.9% of the total paid up equity share capital of the company, subject to the regulatory and other approvals, if any.
HCL Technologies' consolidated net profit rose 0.3% to Rs 1926 crore on 3.4% rise in revenue to Rs 10698 crore in Q3 March 2016 over Q2 December 2015. The result was announced before market hours today, 28 April 2016.
Adani Ports and Special Economic Zone (APSEZ) said that the company has incorporated a wholly owned subdiairy company Adani Petroleum Terminal (APTPL) in India, which is registered with Registrar of Companies, Gujarat at Ahmedabad on 26 April 2016. APTPL belongs to LPG and LNG sector and is yet to commence its business operations, APSEZ said. The cost of acquisition is Rs 5 lakh in cash, APSEZ said.
ACC and Ambuja Cements will announce their Q1 results today, 28 April 2016. Idea Cellular announces its Q4 results today, 28 April 2016.
Puravankara Projects said that the company had called a meeting of the board of directors on 26 April 2016, to pass an enabling resolution to exit its investment of Rs 403 crore at Raidurg, Panamaktha village which would involve the sale of its entire shares in three wholly owned subsidiaries of Puravankara Projects. The announcement was made after market hours yesterday, 27 April 2016.
Oil India said that Fitch Ratings has reaffirmed the credit rating for the company as "BBB-" with stable outlook. The announcement was made after market hours yesterday, 27 April 2016.
Exide Industries' net profit rose 29.04% to Rs 177.55 crore on 7.92% rise in total income to Rs 1784 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 27 April 2016.
Kansai Nerolac Paints net profit jumped 919.99% to Rs 615.77 crore on 10.29% rise in total income to Rs 897.45 crore in Q4 March 2016 over Q4 March 2015. On 30 March 2016, the company had sold its Perungudi fixed assets for Rs 537.86 crore. The profit of Rs 535.34 crore is disclosed as an exceptional item in Q4 March 2016. The announcement was made after market hours yesterday, 27 April 2016.
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