Check out the companies which will be in focus during trade today based on recent and latest news developments.
Tech Mahindra: The company has posted a profit after tax of Rs. 7856.30 mn for the quarter ended September 30, 2015 where as the same was at Rs. 7196.40 million for the quarter ended September 30, 2014.
Hero MotoCorp : The company reported sales of 639,802 units in October – its highest ever sales in any month. This is a growth of 11.25% over the corresponding month last year when the company had sold 575,056 units.
GAIL India: The company reported a 66.19 per cent plunge in second quarter net profit on lower LPG and petrochemical prices. The gross margin stood at Rs 1,146 crore in the second quarter of the current financial year as against Rs. 2,311 crore in the corresponding period of previous year.
Power Grid Corporation of India Ltd: The company has posted a net profit of Rs. 14480.40 mn for the quarter ended September 30, 2015 as compared to Rs. 12012.70 mn for the quarter ended September 30, 2014.
Jain Irrigation: The company has signed a 3 year supply contract for supply of mango pulp with Hindustan Coca-Cola Beverages.
Indian Oil Corporation Ltd: IOC has posted a net loss of Rs. 3291.70 mn for the quarter ended September 30, 2015 as compared to net loss of Rs. 8984.60 mn for the quarter ended September 30, 2014.
Petronet LNG : The Reserve Bank of India has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 30 per cent of the paid up capital of Petronet LNG Limited under the Portfolio Investment Scheme (PIS).
ABB India: The company reported 30 per cent rise in its net profit at Rs. 58.7 crore for the quarter ended September 30, 2015 as compared to Rs. 54 crore for the same quarter in the previous year. The company’s total income has increased by 6.7 per cent to Rs.1,969.5 crore for the quarter under review from Rs. 1,846 crore for the corresponding quarter of the previous year.
Berger Paints India: The company recorded a rise of 32.6% in its net profit of Rs. 88.9 crore for the quarter ended September 30, 2015 as compared to Rs. 67 crore for the quarter ended September 30, 2014.
Akzo Nobel India: The leading paint manufacturer company reported standalone net profit of Rs. 40.9 crore for the quarter, registered growth of 14.56% yoy
Hexaware Technologies: The company reported PAT at Rs. 1116.143 mn for the quarter ended September 30, 2015 where as the same was at Rs. 860.202 mn for the quarter ended September 30, 2014.
Asahi India: The net profit for the quarter stands at Rs. 20.5 crore as compared to Rs. 18.1 crore YoY. The total Income has increased by 2.5% at Rs. 561.8 crore as compared to Rs. 547.9 crore.
RPP Infra Projects Ltd: The company has signed a definitive agreement with HUNAN Construction Engineering Group Corporation, one of the largest state-owned companies in China, for infrastructure projects in India.
Prism Cement Ltd: The cement company reported net loss at Rs.33.26 crore for the quarter ended September 30, 2015 as compared to Rs.19.76 crore for the same quarter in the previous year.
TBZ: The company reported Q2 net loss at Rs. 12.1 crore. Its total income has increased by 13.3% at Rs. 483 crore as compared to Rs. 426.3 crore on y-o-y basis.
HSIL: The net profit for the quarter stands at Rs. 24.3 crore as compared to Rs. 19.1 crore YoY.
Nandan Denim: The company has reported a net profit of Rs.15.61 crore for the Q2 of FY 2015-16 as against Rs.11.95 crore in the corresponding period of 2014-15, a rise of 30.5%.
Power Finance Corporation Ltd: The company has posted a net profit of Rs. 16953 mn for the quarter ended September 30, 2015 as compared to Rs. 14085.80 mn for the quarter ended September 30, 2014.
Chambal Fertilisers & Chemicals Ltd: The company reported 19 per cent rise in its net profit at Rs.137 crore for the quarter ended September 30, 2015 as compared to Rs.115 crore for the same quarter in the previous year.
PVR: The net profit for the quarter stands at Rs. 41 crore as compared to Rs.9.2 crore YoY. The consolidated total income is at Rs.474.6 crore.
IPCA: IPCA is making an open offer as per market regulator Sebi requirements to acquire 35,73,515 equity shares, amounting to 26 per cent stake, of Rs 10 each at a price of Rs 54 per share for a total consideration of Rs 19.29 crore, it added.
Lupin:The pharma has received final approval from the US drug regulator to market generic Aricept tablets used for treatment of dementia.
Balrampur Chini Mills Ltd: Balrampur Chini has posted a net loss of Rs. 144.20 mn for the quarter ended September 30, 2015 as compared to net loss of Rs. 639 mn for the quarter ended September 30, 2014.
Reliance Power Ltd: Reliance Power has posted a net profit at Rs. 3456.30 mn for the quarter ended September 30, 2015 as compared to Rs. 2530.70 mn for the quarter ended September 30, 2014. Total Income has increased from Rs. 18841.80 mn for the quarter ended September 30, 2014 to Rs. 28560.10 mn for the quarter ended September 30, 2015.
Tube Investments of India Ltd: The company has posted a net profit of Rs. 1069.10 mn for the quarter ended September 30, 2015 as compared to Rs. 1001.80 mn for the quarter ended September 30, 2014.
Electrosteel Steels: Bankers to Electrosteel Steels have decided to convert Rs. 2,507.57 crore of loans into shares at Rs. 10 per share. The move is part of a strategic debt restructuring (SDR), a scheme outlined by the Reserve Bank of India (RBI) earlier this month.
Marico, Reliance Infrastructure, Fortis, Godrej Properties, Ashok Leyland, IDBI Bank, Chennai Petro are some of companies which to announce their earnings today
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