Grasim Industries' consolidated net profit surged 63.55% to Rs 830.22 crore on 9.16% growth in total income to Rs 9278.13 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016.
Grasim Industries' board of directors at a meeting held yesterday, 11 August 2016, approved 5-for-1 stock split.
Aditya Birla Nuvo's (ABNL) consolidated net profit declined 56.79% to Rs 305.15 crore on 1.62% growth in total income to Rs 3318.68 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016.
Meanwhile, in separate announcements, Grasim Industries and ABNL said that the board of directors of the companies have approved a composite scheme of arrangement between Grasim Industries, ABNL and Aditya Birla Financial Services and their respective shareholders. The announcement was made after market hours yesterday, 11 August 2016.
Among key corporate earnings, Bosch, Hindalco Industries and Sun Pharmaceutical Industries are scheduled to announce their June 2016 quarter earnings today, 12 August 2016.
PTC India's net profit rose 13.46% to Rs 56.45 crore on 13.53% growth in total income to Rs 3684.05 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016.
MRF's net profit rose 2.37% to Rs 490.93 crore on 1.01% rise in total income to Rs 3555.53 crore in Q1 June 2016 over Q1 June 2015. The result was announced at the fag end of after market hours yesterday, 11 August 2016.
Rural Electrification Corporation announced that it has fixed 29 September 2016 as the record date for the purpose of ascertaining entitlement of eligibility of shareholders for 1:1 bonus issue of shares. The announcement was made after market hours yesterday, 11 August 2016.
JK Lakshmi Cement reported net profit of Rs 28.64 crore in Q1 June 2016 compared with net loss of Rs 23.48 crore in Q1 June 2015. Total income rose 32.33% to Rs 787.64 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016.
Bharti Airtel said after market hours yesterday, 11 August 2016 that the transaction to acquire rights to use 20 megahertz (MHz) 2300 Band 4G TD spectrum of Aircel has been successfully concluded for Orissa circle following the receipt of all necessary approvals and satisfying all the conditions (including conditions stated in the Spectrum Trading Guidelines). With this, the company has completed the transaction in 7 out of 8 circles namely Tamil Nadu (including Chennai); Bihar, Jammu & Kashmir, West Bengal, Assam, North East and Orissa. Bharti Airtel in April this year said it had acquired rights to use 4G spectrum of Aircel in eight telecom circles.
Piramal Enterprises announced that at the meeting of administrative committee of the board of directors held yesterday, 11 August 2016, the committee approved the issue of secured non-convertible debentures (NCDs) aggregating upto Rs 550 crore on private placement basis. The announcement was made after market hours yesterday, 11 August 2016.
Indiabulls Housing Finance announced that it has allotted secured, redeemable, non-convertible debentures aggregating Rs 1915 crore (Rs 400 crore plus Greenshoe of Rs 1515 crore). The announcement was made after market hours yesterday, 11 August 2016.
S. P. Apparels (SPAL) makes its debut on the secondary equity markets today, 12 August 2016. The company had priced its initial public offer (IPO) at Rs 268 per share, the top end of the Rs 258-268 per share price band for the IPO. SPAL is a leading manufacturer and exporter of knitted garments for infants and children. From the proceeds of the fresh issue, SPAL has earmarked Rs 70 crore towards expansion and modernization of manufacturing facility at Tamil Nadu, Rs 63 crore towards repayment of debt, Rs 27.85 crore towards opening of new stores for sale of Crocodile brand, Rs 4.90 crore towards balancing machinery for existing dyeing unit in Perundurai and rest towards for general corporate purpose. SPAL's consolidated profit after tax (PAT) jumped 245% to Rs 34.71 crore on 13% growth in net sales to Rs 532.83 in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015).
Hatsun Agro Product turns ex-dividend today, 12 August 2016 for interim dividend of Rs 1 per share for the year ending 31 March 2017 (FY 2017).
Indian Hotels Company turns ex-dividend today, 12 August 2016 for dividend of Rs 0.30 per share for the year ended 31 March 2016 (FY 2016).
Kajaria Ceramics turns ex-dividend today, 12 August 2016 for dividend of Rs 5 per share for the year ended 31 March 2016 (FY 2016).
L&T Finance Holdings turns ex-dividend today, 12 August 2016 for dividend of Rs 0.80 per share for the year ended 31 March 2016 (FY 2016).
Siemens turns ex-dividend today, 12 August 2016 for interim dividend of Rs 27.50 per share for the year ending 30 September 2016 (FY 2016).
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