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Q3FY17

Dredging Corp rises 12% as Govt looks to sell majority stake

Dredging Corp rises 12% as Govt looks to sell majority stake

Mon, Mar 06, 2017

Shares of Dredging Corporation of India (DCI) soared over 12% touching 52-week high on Monday morning as Government looked to sell its majority stake in the company. At 0947 hours, shares of Dredging Corp were trading at Rs 493.50 per piece on BSE, above Rs 48 or 10.77%.

Note ban punches holes in Q3 results; Cos hopeful of 'gains'

Note ban punches holes in Q3 results; Cos hopeful of 'gains'

Sun, Feb 19, 2017

An analysis of the latest-quarter results of listed firms shows that the government's ambitious exercise of withdrawing old Rs 500/1,000 notes led to adverse impact on businesses across the sectors, though not many have publicly criticised the move and the likes of Rajiv Bajaj are only an exception.

Vedanta net leaps 353% in Q3 FY17 to Rs 1,866 crore

Vedanta net leaps 353% in Q3 FY17 to Rs 1,866 crore

Tue, Feb 14, 2017

Tom Albanese, Chief Executive Officer, Vedanta Limited, said: “Volume ramp-up and cost efficiency across our operations, aided by higher commodity prices, have significantly driven up EBITDA y-o-y. Our financial position remains robust and we continue to strengthen our balance sheet by maximising free cash flow and reducing debt."

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Adani Ports' Q3 net up 26%; to issue NCDs worth Rs 1170 crore

Adani Ports' Q3 net up 26%; to issue NCDs worth Rs 1170 crore

Tue, Feb 14, 2017

Karan Adani, Chief Executive Officer of APSEZ said, “Our strategy to diversify our cargo mix and focus on high value cargo continues to yield positive results. Like last quarter, the continued out-performance in cargo volumes is backed by Healthy growth in our newer ports namely Hazira, Dhamra and Kattupalli.”

Q3FY17: Tata Motors' net profit declines by 96% at Rs 112 crore

Q3FY17: Tata Motors' net profit declines by 96% at Rs 112 crore

Tue, Feb 14, 2017

Jaguary Land Rover business including its China unit recorded total retail sales of 149,288 units which was up by 8.5%. Tata Motors said, “This was led by strong demand for products, primarily reflecting higher volumes in China (incl. CJLR), North America and Europe led by strong sales of Discovery Sport, F-PACE and the new long wheel base XFL in China. “

Canara Bank to divest 13% stake in Can Fin Homes by March-end

Canara Bank to divest 13% stake in Can Fin Homes by March-end

Tue, Feb 14, 2017

Can Fin Homes on Tuesday said that its promoter Canara Bank was planning to divest 13.45% stake in the company by March-end. Can Fin Homes informed the BSE that Canara Bank had notified the Reserve Bank of India (RBI) about the stake sale.

Motherson Sumi's Q3 net profit rises by 34% at Rs 416 crore

Motherson Sumi's Q3 net profit rises by 34% at Rs 416 crore

Mon, Feb 13, 2017

Vivek Chaand Sehgal, MSSL’s Chairman said,“The company has shown exemplary growth in all areas and has achieved highest ever revenues and margins in a quarter. This is the reflection of hard work put in by all our teams from around the world."

Allahabad Bank reports net profit of Rs 75 crore in Q3

Allahabad Bank reports net profit of Rs 75 crore in Q3

Mon, Feb 13, 2017

Net interest income for the quarter stood at Rs 1183.31 crore, declining by 16.44% year-on-year (YoY) and 12.31% quarter-on-quarter (QoQ).

Q3FY17: Coal India's net profit down 20% at Rs 2,884 crore

Q3FY17: Coal India's net profit down 20% at Rs 2,884 crore

Sun, Feb 12, 2017

The company reported consolidated net profit Rs 2884.46 crore compared to net profit of Rs 3617.17 crore in the similar period of previous year.

Future Consumer's Q3 saw net loss narrowing at Rs 14 crore

Future Consumer's Q3 saw net loss narrowing at Rs 14 crore

Sun, Feb 12, 2017

Future Consumer stated that its consolidated net loss has narrowed to Rs 14 crore in third quarter ended December 31, 2016, result, against net loss of Rs 20.31 crore in the corresponding period of the previous year.

Mahanagar Gas reports 30% rise in Q3

Mahanagar Gas reports 30% rise in Q3

Sun, Feb 12, 2017

In Q3, sales volumes went sequentially down by 1.56%. MGL said, “This was mainly on account of impact of demonetization mainly in case of CNG.” While net sales was below 3.32% yoy to Rs 500.84 crore due to pass through of reduction in input gas cost.

RCom reports net loss of Rs 531 crore in Q3

RCom reports net loss of Rs 531 crore in Q3

Sat, Feb 11, 2017

On net loss, RCom said, "The company witnessed unprecedented competitive intensity. This was the first full quarter after Company’s complete shutdown of its profitable CDMA operations. Also, there was an increase in amortisation and interest expense aggregating Rs. 278 crore on account of capitalisation of 850 MHz spectrum liberalisation fee."

Disruption from RJio, Idea Cellular reports net loss of Rs 386 crore in Q3

Disruption from RJio, Idea Cellular reports net loss of Rs 386 crore in Q3

Sat, Feb 11, 2017

Idea Cellular said, “The Indian mobile industry witnessed an unprecedented disruption in the quarter to October to December 2016, primarily due to free voice and mobile data promotions by the new entrant in the sector

GlaxoSmithKline Pharma's Q3 net profit down 33%

GlaxoSmithKline Pharma's Q3 net profit down 33%

Sat, Feb 11, 2017

The company reported net profit of Rs 52.95 crore, a drop of 32.91% from Rs 78.93 crore in the corresponding period of the previous year.

Tata Power's Q3 net profit rises by 38%; appoints N. Chandrasekaran as Additional Director

Tata Power's Q3 net profit rises by 38%; appoints N. Chandrasekaran as Additional Director

Sat, Feb 11, 2017

Anil Sardana, CEO & Managing Director, Tata Power said, “During the third quarter of FY16-17, Tata Power has improved profitability and has maintained strong operational performance across all business verticals. With a gross installed generation capacity of 10,496 mega watts, we continue to be India's largest integrated power player as also largest green generator.”

NTPC's Q3 net profit drops by 7%, at Rs 2469 crore

NTPC's Q3 net profit drops by 7%, at Rs 2469 crore

Wed, Feb 08, 2017

NTPC reported net profit of Rs 2468.72 crore, a drop of 7.49% compared to Rs 2668.77 crore in the corresponding period of the previous year.

Hero MotoCorp Q3 results: Here's what to expect

Hero MotoCorp Q3 results: Here's what to expect

Wed, Feb 08, 2017

The company is expected to post a decline in its pure profits margins, analysts say. Nishit Jalan and Hitesh Goel analysts at Kotak Institutional Equities said, “We expect two-wheeler companies to have a tough quarter with EBITDA for Hero MotoCorp declining by 21% on year-on-year basis.”

Cash Crunch impact: Jubilant Foodworks' Q3 net profit down 32%

Cash Crunch impact: Jubilant Foodworks' Q3 net profit down 32%

Mon, Feb 06, 2017

Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co- Chairman, Jubilant FoodWorks Limited said, “Q3 has been a challenging quarter for the consumer sector on account of currency demonetisation. However, we were able to minimise the impact by offering multiple non cash payment options to customers and launch of new products which got excellent customer response.”

Central Bank of India reports net loss of Rs 606 crore in Q3

Central Bank of India reports net loss of Rs 606 crore in Q3

Sat, Feb 04, 2017

During the quarter, the bank has allotted 1,71,44,954 equity shares at a face value of Rs 10 each and also at a premium of Rs 81.45 per share on preferential basis to LIC Of India.

Q3FY17: Dr Reddy's Laboratories' net profit down 19% at Rs 470 crore

Q3FY17: Dr Reddy's Laboratories' net profit down 19% at Rs 470 crore

Sat, Feb 04, 2017

GV Prasad, Co-chairman of Dr Reddy's Laboratories said, "Our performance in Q3 has delivered a modest sequential revenue growth of 3% over the previous quarter. Our EBITDA has improved significantly from the last quarter to Rs 8.8 billion, on the back of enhanced emphasis on operational efficiencies and controlling of SG&A cost across all our business."

Oriental Bank of Commerce's net loss narrowed to Rs 130 crore in Q3

Oriental Bank of Commerce's net loss narrowed to Rs 130 crore in Q3

Sat, Feb 04, 2017

Oriental Bank of Commerce reported net loss of Rs 130.01 crore in its third quarter ended December 31, 2016, which has narrowed compared to net loss of Rs 424.69 crore in the similar period of the previous year.

Divi's Laboratories report 9% rise in net profit in Q3

Divi's Laboratories report 9% rise in net profit in Q3

Sat, Feb 04, 2017

Updating on US-FDA inspection, Divi's Lab said, "It has filed its comprehensive response to the observations of the FDA regulator within the stipulated time. Now it awaits for review from the US pharma regulator.

Indian Hotels net up 59% in Q3

Indian Hotels net up 59% in Q3

Sat, Feb 04, 2017

The company has divested 100 percent LLC interests in IHMS (Boston) LLC which owned `Taj Boston` by United Overseas Holding Inc, a wholly owned overseas subsidiary of the company.

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