Tag: Q1

Reliance Power Q1 net jumps 12% at Rs 340 cr

Reliance Power Q1 net jumps 12% at Rs 340 cr

12/09/2016 15:07

Anil Ambani-chaired Reliance Power on Monday reported a growth of 12.21 per cent in its consolidated net profit at Rs 340 crore for the first quarter ended June 30, 2016 as compared to same period a year ago.

“The consolidated net profit of the company stood at Rs 303 crore during the same period a year ago,” said Reliance Power Ltd in a filing to the Bombay Stock Exchange.

However, the consolidated total income of the company declined marginally by 0.6 per cent to Rs 2,748 crore during Q1 2016-17, as compared to Rs 2,765 crore during the same period previous fiscal.

Operating revenue of the company was also flat Rs 2,679 crore as compared to Rs 2,684 crore in the year ago period.

During the quarter under review, its other income dipped to Rs 70 crore as against Rs 81 crore in the same period last year.

On the standalone basis, the company has posted net profit of Rs 18.27 crore as against net revenue of Rs 99.92 crore during the April-June quarter 2016.

Meanwhile, shares of the company closed trade at Rs 51.50 apiece, down 3.74 per cent, on the Bombay Stock Exchange.

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India’s Q1 growth slows to 7.1%

01/09/2016 11:10

India’s economy expanded at the slowest pace in more than a year in the first quarter of FY 2016-17 amidst sluggish investment and farm output, dampening hopes of a near-term growth rebound to 8 per cent and adding pressure on the Reserve Bank of India (RBI) to cut interest rates to help bolster consumption and business sentiment.

Gross Domestic Product (GDP) in Asia’s third biggest economy expanded by 7.1 per cent in the April-June 2016 quarter from the year ago period, the slowest pace in five quarters, government data showed on Wednesday.

That compared to the 7.9 per cent expansion witnessed in Q4 FY 2015-16. Analysts had projected an expansion of 7.4 per cent in the country’s economy in the first quarter of the ongoing fiscal.

Despite the slowdown in growth, India remains the world’s fastest growing major economy.

Gross value added (GVA) grew at a solid 7.3 per cent in Q1 FY 2016-17, the data showed. Growth in Agricultural GVA slowed to 1.8 per cent in Q1 of this fiscal from 2.6 per cent a year ago.

Gross fixed capital formation, a proxy for investment, fell 3.1 per cent in real terms in the first quarter of the current fiscal.

Private consumption, the major driver of the country’s economy rose 7 per cent with a better monsoon and increase in wages likely to bolster household spending further in the coming quarters.

Cox & Kings tumbles over 4% on weak Q1

31/08/2016 12:45

Shares of Cox & Kings tanked over 4 per cent on the Bombay Stock Exchange after the travel company reported that its consolidated net profit for the first quarter ended June 30, 2016 fell by 23.67 per cent at Rs 108 crore from the same period a year ago as revenue declined.

Weighed down by Q1 earnings, shares of company declined as much as 4.16 per cent to trade at Rs 185.25 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company fell 3.41 per cent to Rs 186.80 apiece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 28,412.53, up 69.52 points, or 0.25 per cent, at 12:48 PM.

DLF Q1 net more than doubles to Rs 261.42 cr

DLF Q1 net more than doubles to Rs 261.42 cr

30/08/2016 11:53

The country’s biggest realty firm DLF Ltd has reported that its consolidated net profit for the first quarter ended June 30, 2016 grew over two-fold to Rs 261.42 crore from the same period a year ago aided by the sale of its cinema business to PVR.

In Q1 FY 2015-16, the company had posted a consolidated net profit of Rs 125.87 crore, DLF Ltd said in a filing to the Bombay Stock Exchange (BSE).

Consolidated income from operations fell 21.8 per cent at Rs 1,867.46 crore in Q1 FY 2016-17 from Rs 2,388.72 crore in the same period a year ago.

The company booked a profit before tax of Rs 372 crore under exceptional item from sale of its cinema business.

Total expenses fell 23.2 per cent at Rs 1,268.86 crore in Q1 FY 2016-17 from Rs 1,652.15 crore in the same period a year ago.

Other income climbed 20.4 per cent at Rs 158.12 crore in Q1 FY 2016-17 from Rs 131.3 crore in the same period a year ago.

Finance costs climbed 20.27 per cent at Rs 747.84 crore in Q1 FY 2016-17 from Rs 621.82 crore in the same period a year ago.

Shares of the company jumped 2.46 per cent to Rs 162.2 a piece at 11:46 AM IST on the BSE on Tuesday.

JB Chemicals zooms 14% on robust Q1

26/08/2016 14:20

Shares of JB Chemicals & Pharmaceuticals rallied over 14 per cent, hitting 52-week high, on the Bombay Stock Exchange after drug maker reported that its standalone net profit for the first quarter ended June 30, 2016 grew by 25.78 per cent at Rs 49.85 crore from the same period a year ago.

Boosted by strong Q1 earnings, shares of company gained as much as 14.39 per cent to trade at Rs 356.85 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 13 per cent to Rs 353.00 apiece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,743.54, down 92.37 points, or 0.33 per cent, at 2:25 PM.

 

Aurobindo Pharma Q1 net jumps 23.8% at Rs 584.96 cr

24/08/2016 12:35

Aurobindo Pharma has reported that its consolidated net profit for the first quarter ended June 30, 2016 climbed by 23.8 per cent at Rs 584.96 crore from the same period a year ago on higher sales of generic drugs in the US and Europe.

In Q1 FY 2015-16, the company posted a consolidated net profit of Rs 472.45 crore, Aurobindo Pharma Ltd said in a filing to the Bombay Stock Exchange (BSE).

Consolidated total income from operations climbed 12.9 per cent at Rs 3,725.9 crore in Q1 FY 2016-17 from Rs 3,298.93 crore in the same period a year ago. US formulations business grew 20.5 per cent, year-on-year while EU formulations business rose 12.1 per cent in Q1 FY 2016-17.

Consolidated other expenses climbed 10.5 per cent at Rs 2,943.18 crore in Q1 FY 2016-17 from Rs 2,662.87 crore in the same period a year ago.

Consolidated other income fell 45.8 per cent, year-on-year to Rs 15.89 crore in Q1 FY 2016-17.

Consolidated finance costs fell marginally to Rs 20.64 crore in Q1 FY 2016-17.

“The quarter started with a double digit growth Year on Year on the back of overall business performance”, the company said.

Shares of the firm jumped 4.64 per cent at Rs 770.5 a piece at the BSE on Wednesday at 12:34 PM IST.

Sun TV Network Q1 net jumps 19% at Rs 233 cr

Sun TV Network Q1 net jumps 19% at Rs 233 cr

19/08/2016 15:50

Sun TV Network, the mass media arm of Sun Group, has reported a growth of 19 per cent in its net profit after taxes (PAT) at Rs 233.06 crore in the April-June quarter of FY17.

“The net profit of the Asia’s largest TV network stood at Rs 195.82 crore during the same period a year ago,” Sun TV Network Ltd said in a filing to the Bombay Stock Exchange on Friday.

The company’s total income from operations rose by 10 per cent at Rs 760.83 crore during Q1 FY17, as compared to Rs 689.45 crore during the same period last year.

During the quarter under review, the company’s subscription revenues continued to grow with cable TV revenues growing by 37 per cent and DTH subscription revenue rose by 16 per cent over same quarter last year.

Ahead of Q1 earnings, shares of company ended Friday’s trade at Rs 482.30 apiece, down 0.42 per cent, from previous close on the Bombay Stock Exchange.

Neo Corp International Q1 loss at Rs 37.1 cr

19/08/2016 13:00

Neo Corp International Ltd on Friday reported that its consolidated net loss for the first quarter ended June 30, 2016 widened to Rs 37.10 crore from the same period a year ago as finance costs soared and expenses jumped.

In Q1 FY 2015-16, the company had posted a net loss of Rs 27.08 crore, Neo Corp International Ltd said in a filing to the Bombay Stock Exchange (BSE).

Total income from operations climbed 92 per cent at Rs 102.89 crore in Q1 FY 2016-17 from Rs 53.59 crore in the same period a year ago.

Total expenses rose 72.3 per cent at Rs 136.49 crore in Q1 FY 2016-17 from Rs 79.18 crore in the same period a year ago.

Finance costs more than doubled to Rs 3.5 crore in Q1 FY 2016-17 from Rs 1.54 crore in the same period a year ago.

Shares of Neo Corp International Ltd climbed by 0.56 per cent to trade at Rs 9 a piece on the BSE at 12:58 PM IST on Friday as traders cast aside the company’s widening losses.

The company is engaged in the business of making tailor designed products under Packtech. It has also entered into other technical textile segments like Geotech and Agrotech.

 

Shipping Corp’s Q1 profit dips 72% to Rs 55.9 cr

Shipping Corp’s Q1 profit dips 72% to Rs 55.9 cr

19/08/2016 11:39

Shipping Corporation of India ‘s net profit dived 72.56 per cent to Rs 55.91 crore for the quarter ended on June 30, 2016, compared to the same period last year.

The PSU had posted a net profit of Rs 203.78 crore for the quarter ended June 30, 2015, Shipping Corporation of India said in a filing to the Bombay Stock Exchange.

Total income fell to Rs 875.94 crore for the quarter ended on June 30, 2016, from Rs 1,118.22 crore for the quarter ended June 30, 2015.

Shipping Corporation of India was established on October 2, 1961, by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation.

Meanwhile, shares of the company were trading at Rs 70.30 apiece, down 5.32 per cent from the previous close at 11:41 hours on BSE.

Radico Khaitan shares surge 9% on robust Q1

17/08/2016 16:04

Shares of Radico Khaitan zoomed over 9 per cent on the Bombay Stock Exchange after India’s fourth largest liquor company reported a growth of 25.2 per cent in its standalone net profit at Rs 21.5 crore for the first quarter ended June 2016 as compared to Rs 17.2 crore in the year ago period.

The stocks of company surged as much as 12.31 per cent in intra-day trade to Rs 104.45 per cent, before closing at Rs 101.40 apiece, up 9.03 per cent on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 10.73 per cent to close at Rs 103.10 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex ended Wednesday’s trade at 28,005.37, down 59.24 points, or 0.21 per cent.