On a consolidated basis, IT major TCS' net profit rose 5.81% to Rs 6925 crore on 3.79% increase in net sales to Rs 32075 crore in Q4 March 2018 over Q3 December 2017. Net profit fell 1.81% to Rs 25,880 crore on 4.36% increase in net sales to Rs 123104 crore in the year ended March 2018 over the year ended March 2017. The result was announced after market hours yesterday, 19 April 2018.
The board of TCS recommended bonus issue of equity shares in the ratio of 1 equity share of Re 1 each for every 1 equity share of Re 1 each.
Commenting on the Q4 performance, Rajesh Gopinathan, CEO and MD, said strong demand in digital across all industry verticals and large transformational deal wins have made this one of our best fourth quarters In recent years. The strong exit allows the company to start the new fiscal on a confident note.
Indian Metals & Ferro Alloys said it has received demand notices for alleged excess mining in respect of its Nuasahi and Bangur Chromite Mines amounting to Rs 24.13 crore and is taking appropriate legal advise to determine the future course of action. Taken in conjunction with the earlier notices received in respect of Sukinda and Chingudipal Chromite Mines the total cumulative demand stands at Rs 122.90 crore. The announcement was made after market hours yesterday, 19 April 2018.
Lasa Supergenerics said it received WHO-GMP certificate for unit situated at Mahad, Maharashtra. The announcement was made after market hours yesterday, 19 April 2018.
Kakatiya Cement Sugar & Industries said it resumed operation at cement plant on 19 April 2018 after its closure on pollution grounds. The announcement was made after market hours yesterday, 19 April 2018.
J B Chemicals & Pharmaceuticals said it received an order from Office of Member Secretary, Pollution Control Committee, Daman dated 18 April 2018 directing the closure of the company's formulation manufacturing facility at Daman on the ground of alleged deviation of standards of treated waste water released from ETP outlet of the said facility. The announcement was made after market hours yesterday, 19 April 2018.
The company said it does not accept the analytical results obtained by the said authority. The company is taking all necessary steps so as to resume operations at the said facility in line with the standards prescribed by the said authority. The Company's said facility has received all NOC/Consents to operate under applicable environmental laws and is operating well within the framework of law. During 2017-2018, the total sales of formulations manufactured at the said facility amounted to about Rs 223 crore.
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