State-run Oil India Ltd posted a 96 percent fall in fourth-quarter profit, hurt by a one-time charge realised on the pre-discount and post-discount price of crude oil paid to a state government.
Net profit was 193.1 million rupees ($2.99 million) in the quarter ended March 31, compared with 4.70 billion rupees a year earlier, the company said on Monday. http://bit.ly/2rwSDXf
DCCDL deal closure remains key
* DLF’s (DLFU) net debt levels increased by Rs7bn QoQ to Rs251bn in line with management guidance of quarterly cash burn of Rs7.5-10bn for the next few quarters until the consummation of the DCCDL deal.
* FY17 has been another lackluster year for
Ahmedabad-based Adani Group arm Adani Power Ltd has reported its consolidated net loss at Rs 4,960.53 crore for the fourth quarter ended March 31, 2017, due to non-recognition of compensatory tariff (CT) for Mundra plant, following the judgement by the Supreme Court regarding the matter.
“The consolidated net profit of the company stood at Rs 1,012.19 crore during the same perio
Diversified EPC conglomerate Punj Lloyd Ltd has reported its standalone net loss narrowed to Rs 181.58 crore in the January-March quarter of FY17, helped by surge in its revenue. The standalone net loss of the company stood at Rs 396.15 crore during the same period a year ago, said Punj Lloyd Ltd in a filing to the Bombay Stock Exchange.
Further, its standalone total income from opera
Realty major Jaypee Infratech Ltd has reported its standalone net loss widened to Rs 667.55 crore for the fourth quarter ended March 31, 2017. “The standalone net loss of the company stood at Rs 183.39 crore during the same period a year ago,” said Jaypee Infratech Ltd in a filing to the Bombay Stock Exchange.
Further, its standalone total income from operations reversed i
State-controlled utility NTPC Ltd reported a 25.5 percent fall in quarterly profit after taxes, hurt by higher expenses and a one-off charge on impairment loss on investment.
Net profit was 20.79 billion rupees ($322.31 million) in the quarter ended March 31, compared with 27.93 billion rupees a year earlier, the company said on Monday. http://bit.ly/2rMWCi8
By Vivek Mishra
India remained the fastest growing major economy in the world last quarter, with growth buoyed by an improved performance in manufacturing and services, a Reuters poll of economists found.
Prime Minister Narendra Modi's ban of high-value currency notes last year had a major short-term impact on demand but private and public consumption has recovered
Shares of FMCG major ITC rose nearly 4 per cent, hitting 52-week high, on the Bombay stock Exchange after the company reported a 12.13 per cent growth in its standalone net profit at Rs 2,669.47 crore for the fourth quarter ended March 31, 2017, helped by spurt in revenue from cigarette segment. Boosted by strong Q4, shares of the company gained as much as 3.64 per cent to hit 52-week high of R
Shares of Reliance Communications nosedived nearly 19 per cent, hitting all-time low, on the Bombay stock Exchange after the company reported a net loss of Rs948 crore for the fourth quarter, dented by intense price war unleashed by newcomer Jio. Weighed down by weak Q4, shares of the company declined as much as 18.99 per cent to hit 52-week low of Rs 20.90 apiece on the Bombay Stock Exchange.<
Shares of Sun Pharmaceutical Industries tumbled over 13 per cent, hitting 52-week low, on the Bombay stock Exchange after the pharma major reported a 14 per cent decline in consolidated net profit at Rs 1,223 crore in the March quarter of fiscal year 2017, compared to Rs 1,416 crore in Q4 of previous fiscal year.
Reacting to Q4, shares of the company declined as much as 13.28 per cent
Shares of Tech Mahindra plunged nearly 17 per cent, hitting 52-week low, on the Bombay stock Exchange after the IT services firm reported a drop of 30.2 per cent in its consolidated net profit after tax at Rs 589.69 crore sequentially for the March quarter of FY17, as compared to Rs 844.86 crore in December quarter.
Weighed down by Q4, shares of the company declined as much as 16.71 p
The state-run Indraprastha Gas Ltd (IGL) supplying cooking gas and vehicle fuel to Delhi, Noida, Greater Noida and Ghaziabad has reported a 23 per cent rise in net profit for the fourth quarter ended March at Rs 133.5 crore, buoyed by better turnover and sales.
The supplier of compressed natural gas (CNG) and piped natural gas (PNG) in the National Capital Region had posted a net
Reliance Communications' consolidated revenues for the fourth quarter of 2016-17 stood at Rs 4,524 crore, down 8.1 per cent, a company statement said here on Saturday.
The earnings before interest, tax, depreciation and amortization (EBITDA) margin declined to 24 per cent, compared to 24.5 per cent in the quarter before, the statement said.
Adani Power on Saturday reported a consolidated net loss of Rs 4,960.53 crore for the fourth quarter (Q4) of 2016-17.
According to the company, its consolidated net loss during the quarter under review stood at Rs 4,960.53 crore from a profit of Rs 1,021.19 crore in the corresponding period of 2015-16.
The consolidated net profit for the quarter was hit by th
National Aluminium Company Limited (Nalco) said on Saturday that it registered a growth of 25.23 percent with a net profit of Rs 268 crore in the fourth quarter of 2016-17 against Rs 214 crore during the same period of the previous fiscal.
However, the standalone net profit for the full fiscal year has dropped.
The company has posted a net profit of Rs 669 crore, c
Real estate major DLF on Friday reported a consolidated net profit of Rs 136 crore for the fourth quarter (Q4) of 2016-17.
According to the company, its consolidated net profit during the quarter under review stood at Rs 136 crore from a loss of Rs 181 crore in the corresponding period of 2015-16.
However, the real estate major's consolidated revenue for the fourth quart
Tata Chemicals on Friday reported close to 32 per cent rise in its consolidated net profit to Rs 343.02 crore in the fourth quarter ended March 31, 2017, from Rs 260.21 crore in the corresponding period a year ago.
The company's revenue from operations, however, saw a 15.8 per cent fall to Rs 3,002.33 crore during the quarter from Rs 3,565.20 crore in same period in the previous f
Cigarette-to-hotel-to-FMCG major ITC Ltd on Friday posted a 12.13 per cent rise in its standalone net profit to Rs 2,669.47 crore for the quarter ended March 31, 2017, from Rs.2,380.68 crore in the year ago period.
The diversified company's revenue from operation during the quarter increased to Rs 15,008.82 crore from Rs 14,138.78 crore in the corresponding period of the previous
By Lucia Mutikani
WASHINGTON - The U.S. economy slowed less than initially thought in the first quarter, but softening business investment and moderate consumer spending are clouding expectations of a sharp acceleration in the second quarter.
Gross domestic product increased at a 1.2 percent annual rate instead of the 0.7 percent pace reported last month, th
MUMBAI - Oil and Natural Gas Corporation Ltd India's biggest hydrocarbon explorer, reported a 6 percent fall in fourth-quarter net profit to 43.40 billion rupees ($673 million) hurt by a one-time provision.
Analysts on average had expected a profit of 49.91 billion rupees.
Total income of 262.34 billion rupees was up almost 30 percent on highe
Below is the views on Tech Mahindra Ltd 4QFY2017 Results By Ms. Sarabjit Kour Nangra (VP Research- IT, Angel Broking Pvt Ltd)
“For 4QFY2017, the company posted bad set of numbers. For the quarter, sales came in at US$1,131mn V/s 1,129mn expected, registering a QoQ growth of 1.3%. On rupee front the sales is expected to come in at INR 7,495cr V/s
Software major Tech Mahindra on Friday reported Rs 590 crore consolidated net profit for the fourth quarter of 2016-17, registering 33 per cent decline from Rs 876 crore in the same period last year.
In a regulatory filing on the BSE, the city-based IT firm said consolidated revenue for the quarter under review grew 9.9 per cent to Rs 7,733 crore from Rs 7,039 crore in the same period
State-run oil marketing company Hindustan Petroleum Corp Ltd reported a 31 percent jump in March-quarter net profit on Friday, beating street estimates, as income from operations grew.
Net profit rose to 18.19 billion rupees ($282.12 million) in the fourth quarter ended March, from 13.88 billion rupees a year earlier, the company said in a statement.
Shares of Manappuram Finance jumped over 6 per cent on the Bombay stock Exchange after the country’s largest listed and highest credit rated gold loan company reported a 53 per cent growth in its consolidated net profit at Rs 201 crore in March quarter (Q4FY17), compared to Rs 131 crore in the year ago quarter.
Buoyed by strong Q4, shares of the company gained as much as 6.42 pe