Tag: Q3

Petronet LNG Q3 net doubles to Rs 397.47 cr

Petronet LNG Q3 net doubles to Rs 397.47 cr

14/02/2017 13:00

Country’s biggest liquefied natural gas importer Petronet LNG Ltd has reported a jump of over two-fold in its standalone net profit after taxes (PAT) at Rs 397.47 crore for the third quarter ended December 31, 2016, as it handled record volumes of imported gas.

“The standalone net profit of the company stood at Rs 170.92 crore during the same period a year ago,” Petronet LNG Ltd said in a filing to the Bombay Stock Exchange.

Further, its standalone total income, too, rose by 21.6 per cent to Rs 6,354.32 crore during Q3 2016-17, as compared to Rs 5,227.47 crore during the same period last year.

“The significant increase in profit is due to higher volumes processed and better efficiency achieved in the operations,” Petronet LNG Ltd, Managing Director, Prabhat Singh said.

Meanwhile, shares of the company were trading at Rs 383.05 apiece, up 0.33 per cent, from previous close on BSE at 13:05 hours.

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Sensex, Nifty volatile; SBI up 1.5% post Q3 results

10/02/2017 14:23

The key domestic benchmark indices turned volatile during the late noon trading session amid some selling pressure witnessed in stocks including Lupin, ITC, Gail and Cipla among others.

At 14:23 hours, the 30-share benchmark index was trading at 28374.52 up by 44.82 points or by 0.16 per cent and then NSE Nifty was at 8791.9 up by 13.5 points or by 0.15 per cent.

Besides, better-than-expected earnings by some companies fuelled the positive sentiment.

Sensex touched intraday high of 28456.18 and intraday low of 28287.95 The NSE Nifty touched intraday high of 8822.1 and intraday low of 8771.2.

The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 311.30,+2.25%), Tata Steel Ltd. (Rs. 469.30,+2.04%), Tata Consultancy Services Ltd. (Rs. 2369.00,+1.93%), Infosys Ltd. (Rs. 964.50,+1.73%), State Bank of India (Rs. 279.80,+1.43%), among others.

State Bank of India reported a 134 per cent jump in its standalone net profit at Rs 2,610 core in the third quarter ended December 31, 2016 against Rs 1,115 core in the year-ago period.

The nation’s top lender assets reported its first jump in quarterly profit since mid-2015, which also beat analysts’ expectations, helped by lower provisions for bad loans.

The top losers of the BSE Sensex pack were Lupin Ltd. (Rs. 1474.00,-1.43%), Dr. Reddy’s Laboratories Ltd. (Rs. 2983.95,-1.21%), ITC Ltd. (Rs. 274.05,-1.21%), Cipla Ltd. (Rs. 580.60,-1.09%), GAIL (India) Ltd. (Rs. 485.85,-0.94%), among others.

Among the sectors, IT index was at 10015.07 up by 148.2 points or by 1.5%. Intrasoft Technologies Ltd. (Rs. 397.90,+5.17%), Firstsource Solutions Ltd. (Rs. 46.70,+2.98%), Mahindra & Mahindra Ltd. (Rs. 499.30,+2.97%), Mastek Ltd. (Rs. 187.90,+2.85%), Polaris Consulting & Services Ltd. (Rs. 167.25,+2.70%),.

On the flip side, FMCG index was at 8933.51 down by -37.94 points or by -0.42%. Triveni Engineering & Industries Ltd. (Rs. 74.85,-8.38%), Sakthi Sugars Ltd. (Rs. 38.80,-6.17%), Venky’s (India) Ltd. (Rs. 692.00,-3.66%), Bannari Amman Sugars Ltd. (Rs. 2250.00,-2.94%), Kwality Ltd. (Rs. 147.80,-1.63%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3052 , shares advanced were 1381 while 1495 shares declined and 176 were unchanged.

Union Bank of India Q3 net surges 32% at Rs 104 cr

Union Bank of India Q3 net surges 32% at Rs 104 cr

09/02/2017 12:34

Public sector lender Union Bank of India (UBI) has reported a decline of 32.4 per cent in its standalone net profit at Rs 104 crore for the third quarter ended December 31, 2016, on healthy earnings from interest.

The bank had posted standalone net profit of Rs 78.54 crore in corresponding quarter of previous fiscal, Union Bank of India said in a filing to the BSE.

The total income of the bank too grew by 8.9 per cent to Rs 9,589.45 crore in Q3 FY17 from Rs 8,802.06 crore in Q3 FY16.

During the quarter under review, the bank’s gross non-performing assets grew 11.7 per cent of total loans, compared with 7.05 per cent in the year-ago quarter. Net NPA of the bank too increased to 6.95 per cent against 4.07 per cent in the corresponding period last year.

NII, the difference between interest earned on loans and interest paid on deposits, rose 7 per cent at Rs 2,136.62 crore versus Rs 1996.51 crore in the year ago period. Further, non-interest income surged 50.1 per cent to Rs 1,339.67 crore from Rs 892.69 crore in the same period a year ago.

Meanwhile, shares of the Bank were trading at Rs 154.05 apiece, down 7.62 per cent, from previous close on BSE at 12:39 hours.

Tata Chemicals Q3 net profit up 32% at Rs 318.39 cr

08/02/2017 15:36

Tata Chemicals today reported 32 per cent increase in its consolidated net profit at Rs 318.39 crore for the quarter ended December despite lower sales.

Its net profit stood at Rs 241.84 crore in the year-ago period, the company said in a filing to the BSE.

Income from operations, however, fell to Rs 3,494.8 crore in the third quarter of this fiscal from Rs 3,991.25 crore in the corresponding period of previous year.

Total income decreased to Rs 3513.15 crore during October-December period of this fiscal from Rs 4,004.32 crore in a year ago.

During April-December period of this fiscal, the company’s net profit rose to Rs 891.08 crore from Rs 745.95 crore in the corresponding period of the previous year.

The company’s income from operations, however, fell to Rs 10,286.59 crore in the first nine months of this fiscal from Rs 11,655.03 crore in the year-ago period.

Tata Chemicals, a Tata group company, is engaged in manufacturing of chemicals, salt and fertilisers. It also sells pulses and spices under Tata Sampann brand. The firm is also into water purifier business.

Central Bank of India Dec-qtr loss narrows to Rs 605.7 cr

Central Bank of India Dec-qtr loss narrows to Rs 605.7 cr

06/02/2017 13:11

Country’s one of the oldest and largest commercial lender Central Bank of India has reported that its standalone net loss has narrowed to Rs 605.7 crore during the October-December quarter ended December 31, 2016.

The bank had posted standalone net loss at Rs 836.62 crore in corresponding quarter of previous fiscal, said Central Bank of India in a filing to the Bombay Stock Exchange.

Total income of the bank, however, fell by 1.8 per cent at Rs 6,787.87 crore in Q3 FY17 from Rs 6,911.62 crore in Q3 FY16.

During the quarter, provisions (other than tax) and contingencies declined to Rs 1,486 crore from Rs 1,661 crore in previous quarter and from Rs 1,499 crore in corresponding quarter of last fiscal.

During the quarter under review, the bank’s gross non-performing assets increased to 14.14 per cent of total loans, compared with 8.95 per cent in the year-ago quarter. Net NPA of the bank too grew to 8.54 per cent against 5.30 per cent in corresponding period last year.

Meanwhile, shares of the bank were trading at Rs 89.35 apiece, up 0.85 per cent, from previous close on BSE at 13:16 hours.

Tata Global Bev Q3 net jumps over 2-fold to Rs 144.54 cr

02/02/2017 12:01

Tea and coffee major Tata Global Beverages Ltd (TGBL) has reported a jump of over two-fold in its consolidated net profit after taxes (PAT) at Rs 144.54 crore for the third quarter ended December 31, 2016.

“The consolidated net profit of the company stood at Rs 65.94 crore during the same period a year ago,” Tata Global Beverages Ltd said in a filing to the Bombay Stock Exchange.

It’s consolidated total income grew marginally by 2.9 per cent to Rs 1,758.16 crore during Q3 2016-17, as compared to Rs 1,708.95 crore during the same period last year.

Commenting on the performance, Tata Global Beverages Ltd, MD and CEO, Ajoy Misra said, “The company recorded significant profit growth last quarter despite higher spends behind brands. Tata Global Beverages is leveraging consumer insights to create magical beverage moments for our consumers. Whether it is capturing white spaces in target markets or strengthening our key brands further, our product and marketing initiatives aim to break clutter and enhance the consumer experience. Along with our tea portfolio, we are focusing on steadily scaling our coffee and water portfolio by creating differentiated brands in these categories.”

Meanwhile, shares of the company were trading at Rs 136.40 apiece, up 4.72 per cent, from previous close on BSE at 12:06 hours.

TTK Prestige Q3 net falls 20% to Rs 29.72 cr

31/01/2017 14:45

Kitchen appliances maker TTK Prestige today reported a 20.10 per cent fall in net profit at Rs 29.72 crore for the quarter ended December 31, on account of lower sales.

The company had posted a net profit of Rs 37.2 crore during the corresponding period of the previous fiscal.

Total income from operations stood at Rs 428.2 crore, down 2.06 percent, from Rs 437.22 crore in the year-ago period, TTK Prestige said in a BSE filing.

Meanwhile, shares of the company were trading at Rs 5757.60 apiece, down 3.27 per cent from the previous close at 14:50 hours on BSE.

Oberoi Realty Q3 net slips 60% at Rs 84.92 cr

Oberoi Realty Q3 net slips 60% at Rs 84.92 cr

27/01/2017 12:29

Leading real estate developer Oberoi Realty Ltd has reported a sharp fall of 60 per cent in its consolidated net profit after taxes (PAT) at 84.92 crore for the third quarter ended December 31, 2016, weighed down by decline in sales against the backdrop of demonetisation.

“The consolidated net profit of the company stood at Rs 212.34 crore during the same period a year ago,” said Oberoi Realty Ltd in a filing to the Bombay Stock Exchange.

Further, the consolidated total income of the company too dropped by 66.7 per cent at Rs 264.85 crore during Q3 2016-17, as compared to Rs 794.63 crore during the same period last year.

Commenting on the performance, Oberoi Realty Ltd, Chairman & MD, Vikas Oberoi said, “2016 came to an eventful close with the move of demonetisation which will help clean up the entire system and improve India’s image, thereby attracting more foreign investment.”

“This initiative will create a level playing field for us by removing the unfair advantage that certain unscrupulous players enjoyed. While initially demonetisation had its short- term consequences, we are confident that the sales volume will be more than restored in coming quarters of 2017,” he added.

Meanwhile, shares of the company were trading at Rs 308.10 apiece, down 0.53 per cent, from previous close on BSE at 12:33 hours.

 

TVS Motor Q3 net rises 10.4% at Rs 132.67 cr

24/01/2017 17:27

TVS Motor Company Ltd, one of India’s leading two-wheeler maker, on Tuesday reported an increase of 10.4 per cent in its standalone net profit after taxes (PAT) at Rs 132.67 crore for the third quarter ended December 31, 2016, riding on robust moped sales.

“The standalone PAT of the company stood at Rs 120.21 crore during the same period a year ago,” said TVS Motor Company Ltd in a filing to the Bombay Stock Exchange on January 24, 2017.

Further, its standalone total income rose by 3.1 per cent at Rs 3,274.35 crore during Q3 2016-17, as compared to Rs 3,175.93 crore during the same period last year.

During the quarter ended December 2016, the overall two-wheeler sales of TVS Motor Company, including exports grew by 4 per cent to 7.03 lakh units as against 6.76 lakh units registered in the quarter ended December 2015, the company said in a statement.

Motorcycles sales registered 2.48 lakh units in the third quarter of 2016-17 as against 2.60 lakh units registered in the third quarter of 2015-16.

The company said its Scooter sales during the quarter under review are 2.21 lakh units compared to 2.32 lakh units in the third quarter of 2015-16.

The company exported 0.99 lakh units of two and three wheelers in the quarter under review as against 1.08 lakh units in the third quarter of 2015-16.

Three wheelers registered sales of 16,081 units in the quarter under review as against 26,225 units in the third quarter of 2015-16.

Meanwhile, shares of the company ended the day at Rs 401.20 apiece, up 5.50 per cent, from previous close on BSE.

Asian Paints Q3 net up 1.5% at Rs 489.31 cr

Asian Paints Q3 net up 1.5% at Rs 489.31 cr

24/01/2017 12:19

India’s largest paint manufacturer Asian Paints Ltd has reported an increase of 1.5 per cent in its consolidated net profit after taxes (PAT) at Rs 489.31 crore for the third quarter ended December 31, 2016.

“The consolidated PAT of the company stood at Rs 482.02 crore during the same period a year ago,” said Asian Paints Ltd in a filing to the Bombay Stock Exchange.

Further, the consolidated total income of the company increased by 2.5 per cent at Rs 4,395.44 crore during Q3 2016-17, as compared to Rs 4,287.14 crore during Q3 last year.

The total expenses of the company went up by 3.8 per cent during the quarter to Rs 3,663.18 crore, against Rs 3,529.08 crore in the same quarter previous year.

Its tax expenses also went up to Rs 246.48 crore from Rs 227.39 crore during the third quarter a year ago.

Meanwhile, shares of the company were trading at Rs 961.95 apiece, down 0.24 per cent, from previous close on BSE at 12:23 hours.