Among key corporate earnings, Grasim Industries and Aditya Birla Nuvo are scheduled to announce Q1 June 2016 results today, 11 August 2016.
NTPC announced that it has commissioned a 50 megawatts (MW) capacity of NP Kunta Ultra Mega Solar Power Project at Anantapuram. With this, the commercial capacity of NTPC group has become 45,928 MW. The announcement was made after market hours yesterday, 10 August 2016.
Lupin announced that its US subsidiary Gavis Pharmaceuticals LLC, USA has received final approval for its Potassium Chloride Extended-Release Tablets USP, 8 mEq (600 mg) and 10 mEq (750 mg) from the United States Food and Drug Administration (USFDA). The drug is a generic equivalent of Upsher-Smith Labs' Klor-Con Extended-Release Tablets, 8 mEq and 10 mEq. It is an electrolyte replenisher indicated for the therapeutic use of patients with hypokalemia, with or without metabolic alkalosis; in digitalis intoxication; and in patients with hypokalemic familial periodic paralysis. Klor-Con Extended-Release Tablets, 8 mEq and 10 mEq had annual US sales of $101.3 million as per IMS MAT June 2016 data. The announcement was made after market hours yesterday, 10 August 2016.
Hindustan Copper announced that Balvinder Kumar, Secretary, Ministry of Mines, inaugurated the company's nickel, copper and acid recovery plant in Indian Copper Complex, Ghatsila, Jharkhand yesterday, 10 August 2016. This is the first facility in India to produce nickel metal of LME grade from primary source, Hindustan Copper said in a statement. The announcement was made after market hours yesterday, 10 August 2016.
Indiabulls Real Estate's consolidated net profit rose 29.55% to Rs 116.83 crore on 7.07% growth in total income to Rs 894.32 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 10 August 2016.
Punj Lloyd reported net loss of Rs 211.39 crore in Q1 June 2016, lower than net loss of Rs 581.84 crore in Q1 June 2015. Total income rose 45.5% to Rs 1010.17 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 10 August 2016.
Dilip Buildcon (DBL) makes its debut on the secondary equity markets today, 11 August 2016. The company had priced its initial public offer (IPO) at Rs 219 per share, the top end of the 214-219 per share price band for the issue. DBL is one of the leading road-focused engineering, procurement and construction (EPC) contractors in India. From the proceeds of the fresh issue, DBL has earmarked Rs 430 crore towards repayment of term loans of around Rs 203.60 crore, Rs 200 crore for meeting working capital requirements and rest for general corporate purpose.
DBL's consolidated net profit rose 124% to Rs 196.60 crore on 56% growth in net sales to Rs 4315.40 crore in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015). As of 31 March 2016, the company had order book of Rs 10800 crore. Government contracts accounted for 76.27% of the order book as on 31 March 2016.
Jammu & Kashmir Bank announced after market hours yesterday, 10 August 2016 that the board of directors in a meeting held on 10 August 2016 approved the issue of debt securities namely, unsecured subordinated redeemable non-convertible Basel III compliant tier II bonds in the nature of debentures of face value of Rs 10 lakh each on private placement basis aggregating up to Rs 1000 crore in one or more tranches in the financial year ending 31 March 2017 (FY 2017). The board also approved proposal for seeking approval to the special resolution from the shareholders for the issue.
NESCO's net profit rose 58.64% to Rs 35.07 crore on 13.74% rise in net total income from operations to Rs 54.36 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 10 August 2016.
IFCI announced after market hours yesterday, 10 August 2016 that it has reduced its benchmark rate, IFCI benchmark rate upto one year (IBR - ST) from 9.4% per annum to 9.3% per annum with monthly rests. The new IBR-ST will be effective from 11 August 2016.
Power Finance Corporation (PFC) turns ex-dividend today, 11 August 2016 for final dividend of Rs 0.60 per share for the year ended 31 March 2016 (FY 2016).
Bharti Airtel turns ex-dividend today, 11 August 2016 for final dividend of Rs 1.36 per share for the year ended 31 March 2016 (FY 2016).
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