L&T Infotech Q1 Net Income surges 35% yoy; USD Revenue Growth at 11%

The company's revenue is at Rs.15,550 Million; growth at (0.2%) QoQ and 16.6% yoy.

L&T Infotech, a global IT services and solutions provider, announced its Q1 FY17 results.

In US Dollars:

• Revenue at USD 231.1 million; growth of 0.6% QoQ and 10.8% YoY
• Constant Currency Revenue growth of (0.3%) QoQ and 12.1% YoY

"I am very pleased to report a solid quarter of strong execution, resulting in increased profitability. With over 4% sequential growth in services revenue and close to 22% of our projects in Digital technologies, we have seen growth across verticals. During last year, we have embarked on a journey to build a next generation IT services and solutions company, focused on solving the challenges of physical and digital convergence. We are investing in building differentiated offerings, competencies, training and reskilling that are aligned to client demand and spends. Our strategic intent is to build significant strength in five areas of growth – Digital, Analytics, IIoT, Cloud Apps and Automation."

"I also take this opportunity to thank all our investors who have reposed their faith in us during our recent IPO. Building shareholder value is an important goal for us”, Sanjay Jalona, Chief Executive Officer & Managing Director said.

In Indian Rupees:

• Revenue at Rs 15,550 million; growth at (0.2%) QoQ and 16.6% YoY
• Net Income at Rs 2,358 million; Net Income growth at 3.3% QoQ and 35% YoY

Other Business Highlights

• LTI & GE Digital announced a Global Strategic Partnership to develop Digital Industrial Solutions
• LTI joined the Pivotal Ready Partner Program from Pivotal Labs in this quarter
• Launched Facebook at Work, becoming the first IT services and solutions company to adopt the new collaboration platform. It is bringing our global teams closer, enabling a culture change, and fostering innovation across the organization
• Set up a Digital Lab at our new office in Paris to facilitate co-innovation and co-creation with customers

Awards and Recognitions:

• Annual Report for the year ending March 2016 was adjudged a Gold Winner by the League of Americans Communications Professionals (LACP) in the category of IT Services companies with up to $1 Bn in revenue
• LTI named as a 'Major Player' in IDC’s MarketScape: Canada Mobile Application Testing Services 2016 Vendor Assessment
• LTI ranked as ‘Major Contender’ & ‘Star Performer’ in Everest Group's Testing PEAK Matrix 2016
• LTI has featured as an ‘Aspirant’ in Everest Group’s SaaS Implementation Service Providers’ Assessment PEAK MatrixTM 2016
• LTI mentioned in Gartner’s 'Vendors to Watch' for Application Testing Services
• LTI mentioned in Gartner's Market Guide for BI & Analytics, APJ

Muthoot Finance Q1 net profit rises 47.6% yoy

The Company has posted a net profit of Rs.2702.682 million for the quarter ended June 30, 2016 as compared to Rs.1831.599 million for the quarter ended June 30, 2015.

Muthoot Finance Ltd has announced the following Unaudited Standalone results for the quarter ended June 30, 2016:
 
The Company has posted a net profit of Rs.2702.682 million for the quarter ended June 30, 2016 as compared to Rs.1831.599 million for the quarter ended June 30, 2015. Total Income has increased from Rs.11426.184 million for the quarter ended June 30, 2015 to Rs.13008.193 million for the quarter ended June 30, 2016.

Stock View:
 
Muthoot Finance Ltd is currently trading at Rs. 331.5, up by Rs. 12.85 or 4.03% from its previous closing of Rs. 318.65 on the BSE.
 
The scrip opened at Rs. 330 and has touched a high and low of Rs. 340 and Rs. 328.6 respectively. So far 517978(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12715.76 crore.
 
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 323 on 28-Jul-2016 and a 52 week low of Rs. 152 on 23-Sep-2015. Last one week high and low of the scrip stood at Rs. 323 and Rs. 263 respectively.
 
The promoters holding in the company stood at 74.63 % while Institutions and Non-Institutions held 20.49 % and 4.88 % respectively.
 
The stock is currently trading above its 50 DMA.

Yes Bank beats estimates! Q1 net profit up 32.8% at Rs.731 crore

The bank has posted a net profit of Rs.7318 million for the quarter ended June 30, 2016 as compared to Rs. 5512 million for the quarter ended June 30, 2015.

Yes Bank Ltd has announced the following Unaudited Standalone results for the quarter ended June 30, 2016:

The bank has posted a net profit of Rs.7318 million for the quarter ended June 30, 2016 as compared to Rs. 5512 million for the quarter ended June 30, 2015. Total Income has increased from Rs. 37970.20 million for the quarter ended June 30, 2015 to Rs. 47628.30 million for the quarter ended June 30, 2016.

Commenting on the results and financial performance, Mr. Rana Kapoor, Managing Director & CEO, YES BANK said, “YES BANK has delivered another highly satisfactory quarter of financial performance reflected in strong & quality growth, sustained profitability and continued resilience in asset quality.

The Bank continues to witness a robust CASA growth with the CASA ratio improving to a healthy 29.6% from 23.4% a year ago demonstrating significant momentum in the underlying Retail franchise platforms, as well as ongoing mandate in several corporate relationship groups. Further, YES BANK has received an in-principle approval from the Securities & Exchange Board of India (SEBI) to setup an Asset Management Company (AMC) which will further deepen our value proposition for our retail customers.

Given the improving macroeconomic environment along with stable Asset quality and accelerating Retail franchise, the Bank is well poised to capture Market share across Retail and Corporate segments at an enhanced pace.”

Profit & Loss Account

• Net Interest Income (NII): NII for Q1FY17 increased by 24.2% y-o-y to Rs.1,316.6 Crores on account of strong growth in advances and CASA deposits. Net interest Margin (NIM) at 3.4% for Q1FY17 up from 3.3% for Q1FY16.
• Non Interest Income: Non Interest Income increased by 65.2% y-o-y to Rs.900.5 Crores in Q1FY17.
• Total Net Income: Total Net Income increased by 38.1% y-o-y to Rs.2,217.1 Crores in Q1FY17.
• Operating and Net profit: Operating profit for Q1FY17 increased by 43.9% y-o-y to Rs.1,306.8 Crores. Net Profit in Q1FY17 was up 32.8% y-o-y to Rs.731.8 Crores.
• Shareholders’ Returns: The Bank delivered RoA of 1.7% and RoE of 20.7% for Q1FY17.

Balance Sheet

• Deposits: Total Deposits grew by 28.6% y-o-y to Rs.1,22,581.1 Crores as at June 30, 2016. The Bank’s Total Assets grew by 27.5% y-o-y to Rs.1,77,228.9 Crores as at June 30, 2016. The Bank’s CD ratio stood at 86.4% as at June 30, 2016.
• Current and Savings Account (CASA) deposits grew by 63.0% y-o-y to Rs.36,288.3 Crores increasing the CASA ratio to 29.6% as at June 30, 2016 up from 23.4% as at June 30, 2015. Further, SA deposits grew by 81.6% y-o-y to Rs.25,186.5 Crores from Rs.13,867.4 Crores as at June 30, 2015.

Advances: Total Advances grew by 33.0% y-o-y to Rs.105,942.0 Crores as at June 30, 2016.
Corporate Banking accounted for 67.5% of the Advances portfolio, while Retail & Business Banking (MSME) constituted 32.5%.

Asset Quality

• Bank continues to show resilience on all Asset Quality parameters:
• 1. NPA – Credit Costs at 15 bps for Q1FY17 Gross Non Performing Advances (GNPA) as a proportion of Gross Advances was at 0.79%
• (Rs.844.6 Crores) while Net Non Performing Advances (NNPA) as a proportion of Net advances was stable at 0.29% (Rs.302.4 Crores) as at June 30, 2016. Bank’s specific loan loss
• Provision Coverage was at 64.2% as at June 30, 2016.

Stock Price:

Yes Bank Ltd is currently trading at Rs. 1182, down by Rs. 18.25 or 1.52% from its previous closing of Rs. 1200.25 on the BSE.

The scrip opened at Rs. 1205 and has touched a high and low of Rs. 1214 and Rs. 1180.1 respectively. So far 2202579(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 50550.14 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1210.05 on 26-Jul-2016 and a 52 week low of Rs. 590 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 1210.05 and Rs. 1147.75 respectively.

The promoters holding in the company stood at 21.88 % while Institutions and Non-Institutions held 66.13 % and 11.98 % respectively.

The stock is currently trading above its 50 DMA.

Canara Bank jumps 4.3% post Q1 nos

The bank has posted a net profit of Rs.229 crore for the quarter ended June 30, 2016 as compared to Rs.479 crore for the quarter ended June 30, 2015.

Canara Bank jumped 4.3% to Rs.264.50. The bank has posted a net profit of Rs.229 crore for the quarter ended June 30, 2016 as compared to Rs.479 crore for the quarter ended June 30, 2015.

The scrip opened at Rs. 250 and has touched a high and low of Rs. 265.65 and Rs. 246.05 respectively. So far 2372622(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 13775.68 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 359.85 on 18-Aug-2015 and a 52 week low of Rs. 156.2 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 264 and Rs. 237.75 respectively.

The promoters holding in the company stood at 66.3 % while Institutions and Non-Institutions held 25.78 % and 7.92 % respectively.

Indiabulls Housing Finance Q1 cons net profit at Rs.630 crore

The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.630 crore for the quarter ended June 30, 2016 as compared to Rs.511.3 crore for the quarter ended June 30, 2015.

Indiabulls Housing Finance Ltd has announced the following results for the quarter ended June 30, 2016:

The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.630 crore for the quarter ended June 30, 2016 as compared to Rs.511.3 crore for the quarter ended June 30, 2015. Total Income has increased from Rs.2024.9 crore for the quarter ended June 30, 2015 to Rs.2597.4 crore for the quarter ended June 30, 2016.

The unaudited standalone results for the Quarter ended June 30, 2016

The company has posted a net profit of Rs.6264.758 million for the quarter ended June 30, 2016 as compared to Rs.4993.647 million for the quarter ended June 30, 2015. Total Income has increased from Rs.19470.789 million for the quarter ended June 30, 2015 to Rs.25277.930 million for the quarter ended June 30, 2016.

The Board of Directors of the Company has declared an Interim Dividend of Rs.9/- per equity share (on the face value of Rs.2 per share) for the financial year 2016-2017.

ITC gains 2% post Q1 results

The Company posted a net profit of Rs. 23846.70 million for the quarter ended June 30, 2016 as compared to Rs. 21660.90 million for the quarter ended June 30, 2015.

ITC Ltd stock was up by 2% at Rs.255.The Company posted a net profit of Rs. 23846.70 million for the quarter ended June 30, 2016 as compared to Rs. 21660.90 million for the quarter ended June 30, 2015.

 Total Income has increased from Rs. 125891.40 million for the quarter ended June 30, 2015 to Rs. 136735.80 million for the quarter ended June 30, 2016.

The scrip opened at Rs. 251.9 and has touched a high and low of Rs. 256 and Rs. 251.9 respectively. So far 177947(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 302784.48 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 258.85 on 01-Jul-2016 and a 52 week low of Rs. 178.67 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 254 and Rs. 245.8 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 55.62 % and 44.16 % respectively.

The stock is currently trading above its 50 DMA.

Kotak Mahindra Bank Q1 net profit at Rs.742 crore; Net NPA at 1.21%

The bank's total income has increased from Rs.4583.8 crore for the quarter ended June 30, 2015 to Rs.5120 crore for the quarter ended June 30, 2016.

Kotak Mahindra Bank Ltd has announced the following results for the quarter ended June 30, 2016:

The Bank has posted a net profit of Rs.742 crore for the quarter ended June 30, 2016 as compared to Rs.190 crore for the quarter ended June 30, 2015. Total Income has increased from Rs.4583.8 crore for the quarter ended June 30, 2015 to Rs.5120 crore for the quarter ended June 30, 2016.

The Consolidated Results are as follows:

The Unaudited Consolidated results for the Quarter ended June 30, 2016

The Group has posted a profit after tax of Rs. 10671.00 million for the quarter ended June 30, 2016 as compared to Rs. 5165.70 million for the quarter ended June 30, 2015. Total Income has increased from Rs. 63846.30 million for the quarter ended June 30, 2015 to Rs. 78668.80 million for the quarter ended June 30, 2016.

The Board of Directors of the Company has approved the item of business for seeking consent of the shareholders by postal ballot for issuance of unsecured, redeemable, non-convertible debentures/bonds up to Rs.5,000 crore.

Stock view:

Kotak Mahindra Bank Ltd is currently trading at Rs. 769.65, down by Rs. 12.35 or 1.58% from its previous closing of Rs. 782 on the BSE.

The scrip opened at Rs. 787 and has touched a high and low of Rs. 790 and Rs. 765.5 respectively. So far 1571582(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 143557.43 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 784.7 on 14-Jul-2016 and a 52 week low of Rs. 586.5 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 784.7 and Rs. 767.65 respectively.

The promoters holding in the company stood at 33.7 % while Institutions and Non-Institutions held 40.64 % and 25.66 % respectively.

The stock is currently trading above its 50 DMA.

Hindustan Zinc Q1 PAT at Rs.1,036 crore

The company's total income has decreased from Rs.4,213.23 crore for the quarter ended June 30, 2015 to Rs.3,140.74 crore for the quarter ended June 30, 2016.

Hindustan Zinc Ltd announced the following unaudited results for the quarter ended June 30, 2016:

The company has posted a net profit of Rs.1,036.86 crore for the quarter ended June 30, 2016 as compared to Rs.1,940.14 crore for the quarter ended June 30, 2015. The company's total income has decreased from Rs.4,213.23 crore for the quarter ended June 30, 2015 to Rs.3,140.74 crore for the quarter ended June 30, 2016.

Stock view:

Hindustan Zinc Ltd is currently trading at Rs. 193.6, down by Rs. 0.45 or 0.23% from its previous closing of Rs. 194.05 on the BSE.

The scrip opened at Rs. 187.95 and has touched a high and low of Rs. 195.9 and Rs. 187.95 respectively. So far 1139027(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 81991.95 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 203.3 on 13-Jul-2016 and a 52 week low of Rs. 117.2 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 197.9 and Rs. 185.4 respectively.

The promoters holding in the company stood at 64.92 % while Institutions and Non-Institutions held 32.41 % and 2.67 % respectively.

The stock is currently trading above its 50 DMA.

Wipro Q1 PAT stands at Rs. 2052 crore

Wipro registered consolidated net revenue of Rs.13,697 crore as against Rs.13,741 crore qoq.

Wipro, one of the largest IT firms, announced its financial results for the quarter ended June 30, 2016 on July 19.

The consolidated Profit after tax (PAT) of the company stood at Rs. 2052 crore in Q1 FY17 as compared with Rs.2238 crore in Q4 FY16.

Wipro registered consolidated net revenue of Rs.13,697 crore as against Rs.13,741 crore qoq.

Abidali Z. Neemuchwala, Chief Executive Officer and Member of the Board, said, “We have delivered Revenues in line with our guidance. Our early investments in areas such as our Digital practice and cognitive intelligence, notably Wipro HOLMESis positioning as the partner of choice for customers in the CHANGE side oftheir business. We expect the trajectory of growth to build gradually over the course of the year as we drive execution on our strategic themes and make progress towards achieving a sustainable growth trajectory”

Jatin Dalal, Chief Financial Officer, said – “IT Services margins reflect the investments in rewarding our employees as well as the impact of consolidation of our acquisitions for the full quarter. We continue to expand the reach of our automation programs to harness efficiency gains.” 

Outlook for the Quarter ending September 30, 2016

We expect Revenues from our IT Services business to be in the range of $ 1,931 million to $ 1,950 million*.

IT Services

The IT Services segment had a headcount of 173,863 as of June 30, 2016. Acquisitions

Previously, Wipro had announced, on December 23, 2015, the signing of a definitive agreement to acquire Viteos Group. However, due to inordinate delays in completion of closing conditions that exceeded the target closing date and expiration date under the terms of the agreement, both parties have decided not to proceed ahead with the acquisition.

Changes to the Board of Directors
Dr Jagdish N Sheth retires from the Board with effect from July 18, 2016 on completion of his term. The Board places on record its sincere appreciation for the valuable contributions made by Dr Jagdish N Sheth as Board member and as a member of the Strategy Committee.

Vyomesh Joshi, Director resigns from the Board with effect from close of business hours of July 19, 2016, due to his other commitments.

The Board places on record its sincere appreciation for the valuable contributions made by Mr Vyomesh Joshi as Board member and as a member of the Strategy Committee. 

LIC Housing Finance Q1 net profit up 6.7% at Rs.407.8 crore

The company has posted a net profit of Rs.407.8 crore for the quarter ended June 30, 2016 as compared to Rs.382.1 crore for the quarter ended June 30, 2015.

LIC Housing Finance Ltd has announced the Unaudited Standalone results for the quarter ended June 30, 2016.

The company has posted a net profit of Rs.407.8 crore for the quarter ended June 30, 2016 as compared to Rs.382.1 crore for the quarter ended June 30, 2015. The company's total income has increased from Rs.2965.4 crore for the quarter ended June 30, 2015 to Rs.3379.8 crore for the quarter ended June 30, 2016.

Stock View:

LIC Housing Finance Ltd is currently trading at Rs. 521.4, up by Rs. 14.85 or 2.93% from its previous closing of Rs. 506.55 on the BSE.

The scrip opened at Rs. 511.5 and has touched a high and low of Rs. 522.8 and Rs. 503.25 respectively. So far 5110040(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 25563.05 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 533 on 12-Jul-2016 and a 52 week low of Rs. 389 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 533 and Rs. 497 respectively.

The promoters holding in the company stood at 40.31 % while Institutions and Non-Institutions held 37.57 % and 22.12 % respectively.

Infosys Q1 FY17: Constant currency revenue guidance revised to 10.5-12%

The consolidated net profit dropped 4.4% to Rs. 3,436 crore in Q1 FY17 as against Rs.3,597 crore in Q4 FY16.

IT bellwether Infosys announced its financial results for the first quarter ended June 30, 2016 on July 15.

The company revised constant currency revenue guidance to 10.5-12% from 11.5-13.5%.

The consolidated net profit  dropped 4.4% to Rs. 3,436 crore in Q1 FY17 as against Rs.3,597 crore in Q4 FY16.

The company posted rupee revenue of Rs.16,780 crore in Q1 FY17 as compared with Rs.16,550 crore qoq while the dollar revenue stood at $2,501 million as against $2,446 million yoy. 

Operating margins for Q1 FY17 stood at 24.1%.

Infosys drops 7.7% post Q1 FY17 results

The consolidated net profit dropped 4.4% to Rs. 3,436 crore in Q1 FY17 as against Rs.3,597 crore in Q4 FY16.

Infosys plunged 7.7% to Rs.1085 post Q1 FY17 results. IT bellwether Infosys announced its financial results for the first quarter ended June 30, 2016 on July 15. The consolidated net profit  dropped 4.4% to Rs. 3,436 crore in Q1 FY17 as against Rs.3,597 crore in Q4 FY16.

The company posted rupee revenue of Rs.16,780 crore in Q1 FY17 as compared with Rs.16,550 crore qoq while the dollar revenue stood at $2,501 million as against $2,446 million yoy. The company revised constant currency revenue guidance to 10.5-12% from 11.5-13.5%.

The scrip opened at Rs. 1186.35 and has touched a high and low of Rs. 1195 and Rs. 1060 respectively. So far 4344646(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 270086.24 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1278 on 03-Jun-2016 and a 52 week low of Rs. 969 on 15-Jul-2015. Last one week high and low of the scrip stood at Rs. 1195.05 and Rs. 1153.2 respectively.

The promoters holding in the company stood at 12.75 % while Institutions and Non-Institutions held 57.71 % and 29.05 % respectively.

The stock is currently trading below its 50 DMA.

GMR Infrastructure plunges 4% post Q4 results

The company posted a net profit/(loss) after taxes, minority interest and share of profit/(loss) of associates of Rs. (9535.00) million for the Quarter ended March 31, 2016 as compared to net loss of Rs. (8919.00) million for the quarter ended March 31, 2015.

GMR Infrastructure Ltd stock was lower by 4% at Rs.11. The company posted a net profit/(loss) after taxes, minority interest and share of profit/(loss) of associates of Rs. (9535.00) million for the Quarter ended March 31, 2016 as compared to net loss of Rs. (8919.00) million for the Quarter ended March 31, 2015. 

The scrip opened at Rs. 11.25 and has touched a high and low of Rs. 11.44 and Rs. 10.89 respectively. So far 10478556(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 6941.34 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 18.6 on 03-Dec-2015 and a 52 week low of Rs. 9.58 on 04-Sep-2015. Last one week high and low of the scrip stood at Rs. 11.63 and Rs. 10.72 respectively.

The promoters holding in the company stood at 61.61 % while Institutions and Non-Institutions held 27.18 % and 11.21 % respectively.

The stock is currently trading below its 200 DMA.

Monsanto India Q4 net profit at Rs.240.80mn

Total Income has increased from Rs. 707.10 million for the quarter ended March 31, 2015 to Rs. 932.10 million for the quarter ended March 31, 2016.

Monsanto India Ltd posted a net profit of Rs. 240.80 million for the quarter ended March 31, 2016 as compared to net loss of Rs. (82.50) million for the quarter ended March 31, 2015. Total Income has increased from Rs. 707.10 million for the quarter ended March 31, 2015 to Rs. 932.10 million for the quarter ended March 31, 2016.

The Company has posted a net profit of Rs. 1012.50 million for the year ended March 31, 2016 as compared to Rs. 1063.00 million for the year ended March 31, 2015. Total Income has decreased from Rs. 5776.90 million for the year ended March 31, 2015 to Rs. 5557.50 million for the year ended March 31, 2016.

SAIL Q4 net loss at Rs.12309.30mn

Total Income has decreased from Rs. 118857.60 million for the quarter ended March 31, 2015 to Rs. 115450.70 million for the quarter ended March 31, 2016.

Steel Authority of India Ltd posted a net loss of Rs. (12309.30) million for the quarter ended March 31, 2016 as compared to net profit of Rs. 3342.20 million for the quarter ended March 31, 2015. Total Income has decreased from Rs. 118857.60 million for the quarter ended March 31, 2015 to Rs. 115450.70 million for the quarter ended March 31, 2016.

The Company has posted a net loss of Rs. (41372.60) million for the year ended March 31, 2016 as compared to net profit of Rs. 20926.80 million for the year ended March 31, 2015. Total Income has decreased from Rs. 467315.50 million for the year ended March 31, 2015 to Rs. 397668.40 million for the year ended March 31, 2016.

Hindalco Industries surges 8% post Q4 results

The company posted a net profit of Rs. 3563.30 million for the quarter ended March 31, 2016 where as the same was at Rs. 1595.30 million for the quarter ended March 31, 2015.

Hindalco Industries Ltd stock was higher by 8% at Rs.99.The company posted a net profit of Rs. 3563.30 million for the quarter ended March 31, 2016 where as the same was at Rs. 1595.30 million for the quarter ended March 31, 2015.

Total income is Rs. 88716.60 million for the quarter ended March 31, 2016 where as the same was at Rs. 96016.30 million for the quarter ended March 31, 2015.

The scrip opened at Rs. 99.8 and has touched a high and low of Rs. 101 and Rs. 98.25 respectively. So far 11911080(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 18966.89 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 133.9 on 28-May-2015 and a 52 week low of Rs. 58.85 on 12-Feb-2016. Last one week, high and low of the scrip stood at Rs. 92.7 and Rs. 83.6 respectively.

The promoters holding in the company stood at 37.69 % while Institutions and Non-Institutions held 38.5 % and 23.81 % respectively.

The stock is currently trading above its 50 DMA.

Hindalco Industries Ltd