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Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Sep 14,2016

Net profit of Jindal Drilling & Industries declined 3.66% to Rs 9.48 crore in the quarter ended June 2016 as against Rs 9.84 crore during the previous quarter ended June 2015. Sales rose 11.24% to Rs 92.66 crore in the quarter ended June 2016 as against Rs 83.30 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales92.6683.3011
OPM %9.8912.74-
PBDT14.5518.68-22
PBT12.0915.01-19
NP9.489.84-4

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Rushil Decor hits record high
May 02,2017

The result was announced on Saturday, 29 April 2017. Domestic stock markets remained closed on Monday, 1 May 2017, for a local holiday.

Meanwhile, the S&P BSE Sensex was down 78.58 points, or 0.26% at 29,839.82. The S&P BSE Small-cap index was down 21.45 points, 0.14% at 15,351.06.

On the BSE, 28,000 shares were traded on the counter so far as against the average daily volumes of 51,019 shares in the past one quarter. The stock had hit a high of Rs 747.90 so far during the day, which is also its record high. The stock hit a low of Rs 703.65 so far during the day.

The stock had hit a 52-week low of Rs 281 on 29 April 2016. The stock had outperformed the market over the past one month till 28 April 2017, advancing 11.73% compared with the Sensexs 1.73% rise. The scrip had, however, underperformed the market over the past one quarter advancing 2.63% as against the Sensexs 7.3% rise.

The small-cap company has equity capital of Rs 14.40 crore. Face value per share is Rs 10.

Rushil Decor is the flagship company of the Rushil group. The company offers comprehensive engineered interior products including decorative laminate sheets and plain particle boards.

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Hero MotoCorp accelerates after price hike
May 02,2017

The announcement was made on Monday, 1 May 2017, when domestic stock markets remained closed, for a local holiday.

Meanwhile, the S&P BSE Sensex was down 86.84 points, or 0.29%, to 29,831.56

On the BSE, 7,735 shares were traded on the counter so far as against the average daily volumes of 43,544 shares in the past one quarter. The stock had hit a high of Rs 3,382 and a low of Rs 3,303.55 so far during the day. The stock had hit a record high of Rs 3,739.90 on 8 September 2016 and a 52-week low of Rs 2,829 on 6 May 2016.

The large-cap company has an equity capital of Rs 39.94 crore. Face value per share is Rs 2.

Hero MotoCorp announced price hike from Rs 500 to Rs 2,200 across different models to partially offset the commodity cost increases, effective from 1 May 2017.

Hero MotoCorps total two-wheeler sales declined 3.5% to 5.91 lakh units in April 2017 over April 2016. The two-wheeler industry witnessed heavy retail off-take towards the end of March 2017 in view of the transition from BS III to BS IV vehicles. With the ongoing marriage season, the company expects to maintain the trend of robust retail sales in May 2017.

Hero MotoCorps net profit fell 2.7% to Rs 772.05 crore on 12.1% decline in net sales to Rs 6245.90 crore in Q3 December 2016 over Q3 December 2015.

Hero MotoCorp is the worlds largest two-wheeler manufacturer in terms of production capacity. The company has six manufacturing plants, including five in India including Dharuhera, Gurgaon, Haridwar, Neemrana and Halol and one in Colombia.

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Mixed finish or US stocks
May 02,2017

US stock market opened the week on a positive note on Monday, 01 May 2017 with the top-weighted technology and financials sectors pacing the advance. Investors received several headlines from the nations capital on Monday. The first was news of an agreement between congressional leaders that, if approved, will keep the government funded through September. The deal, which puts fears of a government shutdown on hold, sent the S&P 500 into positive territory at the opening bell.

The Dow Jones Industrial Average which dipped in and out of negative territory, finished down 27.05 points, or 0.1%, at 20,913.46. The S&P 500 index closed up 4.13 points, or 0.2%, at 2,388.33. The Nasdaq Composite Index finished up 44 points, or 0.7%, to a record 6,091.60, after touching an all-time intraday high of 6,100.73.

The tech-heavy Nasdaq closed at a record Monday, with shares of Apple hitting a new high, while the Dow industrials slipped lower as investors digested a raft of economic reports and looked ahead to the start of the Federal Reserves policy meeting on Tuesday.

Only five of the 11 main sectors finishing higher. Tech shares led the charge, finishing up 0.9%, followed by a 0.6% gain in real-estate stocks. Telecoms were the largest decliners, down 0.8%, while utilities shed 0.7%.

However, the next headline, which was a statement from President Trump, resulted in a small sell-off in the early-afternoon session. Mr. Trump said that he may favor breaking up the nations biggest banks, which briefly sent the financial sector lower. However, stocks recovered shortly thereafter as the headline provided little new information; President Trump has mentioned reinstating Glass-Steagall prior to todays announcement.

Dow was pressured by a 1.3% decline in Boeing and a 1.2% decline in shares of Home Depot . Apple shares closed up 2.1% at a record $146.60 after reaching an intraday record of $147.20. The stock is a major component in the three major U.S. stock indexes. The company reports quarterly results Tuesday afternoon.

Earlier, the blue-chip benchmark briefly slipped into negative territory following comments by President Donald Trump that he was looking at breaking up big banks, with a retreat in financials contributing to much of that dip. Over the weekend, Congress cut a deal to fund the government through Sept. 30, which includes an increase in military spending.

The Atlanta Fed tracker of GDP points to a strong rebound for the second quarter after the slowest quarter in three years. The GDPN ow model forecasts 4.3% growth. That would be the strongest growth since the third quarter of 2014. Strong economic growth can make the Federal Reserve tighten monetary policy and increase the fed-funds rate. Higher rates can boost the dollar and make gold less competitive against interest-bearing investments.

Among other economic data on Monday, the personal-consumption-expenditures, or PCE index, fell 0.2% in March to mark the first decline in more than a year. U.S. manufacturing growth cooled off a bit in April, with the ISM manufacturing index slipping to 54.8% from 57.2%.

Other U.S. reports this week include a policy statement from the Fed on Wednesday that could influence assumptions about the path for interest rates and metals which dont offer a yield.

Investors will be looking at important labor-market report, with April jobs due Friday. Market is forecasting that 190,000 jobs were created in April, with the unemployment rate holding steady at 4.5%.

On Monday, the dollar, one of the biggest drivers of dollar-pegged commodities, as measured by the ICE U.S. Dollar Index was trading nearly flat at 99.07.

Crude oil prices logged their lowest finish in about five weeks Monday, 01 May 2017 on concerns that rising U.S. crude output would offset efforts by OPEC and other large crude producers to cap a nagging global oil glut. The price drop extends a downbeat tone in crude trade into May after futures contracts registered a second straight monthly decline.

June West Texas Intermediate crude fell 49 cents, or 1%, to settle at $48.84 a barrel on the New York Mercantile Exchange. WTI prices lost about 2.5% in April. July Brent on Londons ICE Futures exchange declined by 53 cents, or 1%, to $51.52 a barrel.

Bullion metals ended sharply lower at Comex on Monday, 01 May 2017. Gold futures settled sharply lower with the yellow metal booking its lowest finish in three weeks, following U.S. data implying a strong rebound in second-quarter economic growth.

June gold dropped $12.80, or 1%, to settle at $1,255.50 an ouncen++the lowest for most-active contract since 10 April 2017. The yellow metal rose over the past two sessions, but saw a weekly loss of 1.6%, as geopolitical risks, particularly in Europe, appear to have cooled somewhat, undercutting haven demand for commodities like gold that thrive in uncertainty. Silver for July delivery declined 42 cents, or 2.4%, to $16.842 an ouncen++the lowest since mid-January.

In the bond market, Treasuries settled lower across the board, however, selling pressure was not distributed equally across the yield curve. The 10-yr yield finished four basis points higher while the 2-yr yield added only two basis points.

Todays trading volume was relatively light. Market were closed across Europe and most of Asia in observance of Labor Day. 874.2 million shares changed hands at the NYSE floor.

Tomorrow, investors will not receive any economic reports, but April auto and truck sales will be released throughout the day.

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Bullions turn pale
May 02,2017

Bullion metals ended sharply lower at Comex on Monday, 01 May 2017. Gold futures settled sharply lower with the yellow metal booking its lowest finish in three weeks, following U.S. data implying a strong rebound in second-quarter economic growth.

June gold dropped $12.80, or 1%, to settle at $1,255.50 an ouncen++the lowest for most-active contract since 10 April 2017. The yellow metal rose over the past two sessions, but saw a weekly loss of 1.6%, as geopolitical risks, particularly in Europe, appear to have cooled somewhat, undercutting haven demand for commodities like gold that thrive in uncertainty.

Silver for July delivery declined 42 cents, or 2.4%, to $16.842 an ouncen++the lowest since mid-January.

The Atlanta Fed tracker of GDP points to a strong rebound for the second quarter after the slowest quarter in three years. The GDPN ow model forecasts 4.3% growth. That would be the strongest growth since the third quarter of 2014. Strong economic growth can make the Federal Reserve tighten monetary policy and increase the fed-funds rate. Higher rates can boost the dollar and make gold less competitive against interest-bearing investments.

Among other economic data on Monday, the personal-consumption-expenditures, or PCE index, fell 0.2% in March to mark the first decline in more than a year. U.S. manufacturing growth cooled off a bit in April, with the ISM manufacturing index slipping to 54.8% from 57.2%.

Other U.S. reports this week include a policy statement from the Fed on Wednesday that could influence assumptions about the path for interest rates and metals which dont offer a yield.

Investors will be looking at important labor-market report, with April jobs due Friday. Market is forecasting that 190,000 jobs were created in April, with the unemployment rate holding steady at 4.5%.

On Monday, the dollar, one of the biggest drivers of dollar-pegged commodities, as measured by the ICE U.S. Dollar Index was trading nearly flat at 99.07.

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Tata Motors drops on weak sales in April
May 02,2017

The announcement was made yesterday, 1 May 2017, when markets were shut due to holiday.

Meanwhile, the BSE Sensex was down 20.86 points, or 0.08%, to 29,893.88.

The stock had risen 3.95% in five sessions to settle at Rs 457.80 on 28 April 2017, from a close of Rs 440.40 on 21 April 2017.

On the BSE, 1.26 lakh shares were traded in the counter so far, compared with average daily volumes of 5.91 lakh shares in the past one quarter. The stock had hit a high of Rs 457.80 and a low of Rs 451.10 so far during the day. The stock had hit a 52-week high of Rs 598.60 on 7 September 2016. The stock had hit a 52-week low of Rs 376.05 on 11 May 2016.

The stock had underperformed the market over the past one month till 28 April 2017, falling 3.09% compared with Sensexs 1.73% gains. The scrip had also underperformed the market in past one quarter, dropping 15.9% as against Sensexs 7.3% rise.

The large-cap company has equity capital of Rs 577.47 crore. Face value per share is Rs 2.

Tata Motors domestic sales of Tata commercial and passenger vehicles fell 19% at 28,844 units in April 2017 over April 2016.

Tata Motors passenger vehicles, in the domestic market, continued its growth momentum, rising 23% at 12,827 units in April 2017 over April 2016, due to an encouraging response for its recently launched lifestyle utility vehicles (UV), Tata HEXA and its latest styleback, the Tata TIGOR. The Tata TIAGO continues to maintain good order pipeline.

The commercial vehicles sales fell 36% at 16,017 units in April 2017 over April 2016. This is an unusual decline, in exceptional circumstances.

Tata Motors commercial vehicles were affected by the Supreme Court judgement announced on 29 March 2017, with the ban on BS III sales, leading to the need for a higher quantity of BS IV stock for April sales.

The higher demand at short notice was not met in production, as vendors struggled to meet with the higher demand, especially in the medium & heavy commercial vehicles (MHCV) segments. Moreover, after the strong pre-buying of BS III vehicles in March, and the price increase of BS IV vehicles-especially in the MHCV and buses at 8-10%, demand for BS IV vehicles was also weak.

Tata Motors expects production, wholesales and retails to pick up in May and June, it added.

Meanwhile, public sector oil marketing companies (PSU OMCs) announced a hike in petrol and diesel prices on 30 April 2017. PSU OMCs announced an increase in the price of petrol and diesel with effect from the midnight of 30 April/1 May 2017. Petrol price was hiked by Rs 0.01 per litre and diesel price was raised by Rs 0.44 a litre at Delhi (excluding state levies).

Tata Motors consolidated net profit fell 96.2% to Rs 111.57 crore on 2.2% decline in net sales to Rs 66855.18 crore in Q3 December 2016 over Q3 December 2015.

Tata Motors is a market leader in commercial vehicles in India. The companys British luxury unit Jaguar Land Rover (JLR) sells premium luxury cars.

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Reliance Communications provides update on demerger of tower division of Reliance Infratel
May 02,2017

The shareholders of Reliance Infratel (RITL), a subsidiary ofReliance Communications (RCOM)at their meeting convened on 29 April 2017 pursuant to the order of the National Company Law Tribunal (NCLT), have approved with 98% majority the Scheme of Arrangement for demerger of the Tower division of the RITL into Towercom Infrastructure (TIPL).

Upon the completion of the demerger, through a Scheme of Arrangement, and the completion of certain other conditions and approvals, Rapid Holdings 2, a company which is a part ofthe Brookfield Infrastructure Group will acquire 100% of TIPL and thereby creating the second largest independent and operator-neutral Towers company in India.

The Shareholders of TIPL, a subsidiary of the Company, have also approved the said Scheme at their meeting held on 29 April, 2017, convened under the order of the NCLT.

The Company has already received approval from Competition Commission of India for the proposed Scheme of Arrangement.

The Companys telecom towers demerged into TIPL will be 100% owned and independently managed by Brookfield Infrastructure.

Upon the Scheme becoming effective, RCOM will receive an upfront cash payment of Rs.11,000 crore (US$ 1.7 billion), which will be solely used to reduce its debt. The already announced combination of RCOMs wireless business with Aircel, and the monetization of the Tower business, will together reduce RCOMs overall debt by Rs.31,000 crore (US$ 4.8 billion),or nearly 70% of existing debt.

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Ambuja Cements drops as Q1 operating EBITDA drops
May 02,2017

The result was announced after market hours on Friday, 28 April 2017. Domestic stock markets remained closed on Monday, 1 May 2017, for a local holiday.

Meanwhile, the S&P BSE Sensex was up 92.84 points or 0.31% at 30,011.24.

On the BSE, 1.74 lakh shares were traded on the counter so far as against the average daily volumes of 1.32 lakh shares in the past one quarter. The stock had hit a high of Rs 244.80 and a low of Rs 238.20 so far during the day. The stock had hit a 52-week high of Rs 282 on 31 August 2016 and a 52-week low of Rs 191 on 22 November 2016.

The large-cap company has equity capital of Rs 397.13 crore. Face value per share is Rs 2.

Ambuja Cements consolidated net profit rose 38.04% to Rs 396.96 crore on 6.83% growth in net sales to Rs 5631.90 crore in Q1 March 2017 over Q1 March 2016.

Consolidated cement sales volumes rose 3.27% to 12.62 million tonnes in Q1 March 2017 over Q1 March 2016.

Ambuja Cements MD and CEO Ajay Kapur said that improving sales volumes, combined with favourable pricing, contributed to a positive quarter despite rising costs. Following demonetisation, the company is well placed to serve both small and large customers.

In its outlook, the company said that medium to long term outlook for cement demand remains positive due to the governments continued focus on infrastructure development, affordable housing, smart cities, concrete roads and highways coupled with remonetisation.

Ambuja Cements is engaged in manufacturing and marketing cement and clinker for both domestic and exports. The company sells cement under the Ambuja Cement brand.

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Coromandel Engineering Company to hold AGM
May 02,2017

Coromandel Engineering Company announced that the Annual General Meeting (AGM) of the company will be held on 26 July 2017.

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Uma Bharti launches Water Conservation Programme for Bundelkhand
May 02,2017

Union Water Resources, River Development and Ganga Rejuvenation Minister Sushri Uma Bharti launched Bundelkhand water conservation programme at Bandri in Sagar District of MP. Speaking on the occasion the Minister said this programme will benefit drought prone areas of Bundelkhand region. She said that her Ministry has prepared a master plan for artificial recharge of ground water in Bundelkhand region. In UP region of Bundelkhand, around 1100 percolation tanks, 14000 small check dams/Nala bunds and 7200 Recharge pits/shafts have been identified. In MP region of Bundelkhand, around 2000 percolation tanks, 55000 small check dams/Nala bunds and 17000 Recharge shafts have been identified. The Minister said as a part of ground water exploration, 234 wells in UP are proposed to be constructed in five districts of Bundelkhand i.e., Banda, Hamirpur, Jalaun, Chitrakoot and Mahoba. Similarly 259 wells in MP are proposed to be constructed in the districts of Datia, Sagar, Damoh, Tikamgarh, Chhatarpur and Panna in the Bundelkhand region of the State.

Sushri Bharti said her Ministry has taken up new initiatives under National Ground Water Management Improvement Schemes (NGMIS) with an objective to effectively improve ground water conditions in stressed blocks, ensure sustainability of resource both quantitatively and qualitatively, participatory approach in ground water management and institutional strengthening. In Bundelkhand region of UP, six districts covering an area of 11851 sq km have been considered under this initiative. In Bundelkhand region of MP, five districts covering an area of 8319 sq km have been considered under this initiative.

The Minister informed that Incentivization Scheme for Bridging Irrigation Gap (ISBIG) scheme is being prepared by the Ministry with an objective to complete CADWM works along with correction of system deficiencies in canal network for bridging the gap between Irrigation Potential Created (IPC) and Irrigation Potential Utilised (IPU), improving the water use efficiency in irrigation and providing assured supply of water to every farm field and transfer of control and management of irrigation system to the Water Users Associations (WUAs). In Bundelkhand region of UP, Betwa and Gursarai canal, Rajghat canal, Ken canal system, Gunta Nala dam and Upper Rajghat canal with target to bridge 17,1030 hact under this scheme is being proposed. The scheme will benefit Jhansi, Jalaun, Hamirpur, Lalitpur and Banda districts in Bundelkhand region. In Bundelkhand region of MP Rajghat Canal Project with target to bridge 68007 ha under this scheme is being proposed. The scheme will benefit Tikamgarh and Datia districts.

Sushri Bharti said in Bundelkhand region of Uttar Pradesh, aquifer mapping for 14,350 sq.km has already been completed in the districts of Lalitpur (5058), Jhansi (5077) and Hamirpur (4500). Similarly in Bundelkhand region of MP, aquifer mapping of 22104 sq. km covering the districts of Chhattarpur (7594), Sagar (9270) and Tikamgarh (4880) has been completed. This would be utilized in preparation of sustainable ground water management plan of these areas.

The Minister informed that under fast track implementation of water conservation schemes in Bundelkhand of region of MP 100 new water bodies with estimated cost of about Rs. 100 crores with tentative potential creation of 5000 ha would be taken up. Similarly, 60 new water bodies/bandis with estimated cost of about Rs. 70 crores with tentative potential creation/restoration of 2000 ha would be taken up in Bundelkhand region of UP.

Similar programme for Marathwada region of Maharashtra is also being launched. Seven schemes with target to bridge 53365 ha gap between IPC and IPU are being proposed. The scheme will benefit Aurangabad, Latur, Nanded, Prabhani, Nanded, Solapur and Osmanabad districts and involve an expenditure of Rs. 250 crore. An area of 3727 sq.km in Marathwada is proposed to be covered under National Ground Water Management Improvement Schemes involving an expenditure approximate of Rs. 380 crore. Aquifer mapping of 9101 sq. km. of area in Marathwada has been completed. Management Plan of 7775 sq. km has been submitted to Maharashtra government. Under Fast track implementation of water conservation schemes 50 new water bodies with estimated cost of about Rs. 60 crores with tentative potential creation of 5000 ha would be taken up.

Under Water conservation programme for Kalahandi, Bolangir and Koraput (KBK) region of Odisha, nine projects with target to cover 0.68 lakh ha of potential under the scheme to bridge the gap between PIC and IPU is being proposed. The scheme will benefit Malkangiri, Bolangir, Nuapada, Rayagada, Kalahandi and Bargarh districts of KBK region and will involve an expenditure of Rs.400 crore. 305 wells have been constructed in the region. 89 water bodies from KBK region with estimated cost of Rs. 32 crore and targeted revival of irrigation potential of 5739 ha have been included for providing central assistance under PMKSY. These water bodies are part of cluster of 760 WBs in Odisha in which central assistance of Rs. 107 crore has been released including those in KBK region. Out of the 99 ongoing major medium irrigation projects to be completed in phased manner by March, 2019 under AIBP, four projects namely Lower Indra (KBK), Upper Indravati (KBK), RET irrigation and Telengiri shall benefit KBK region. Ultimate irrigation potential of these schemes is 1.44 lakh ha. During 2016-17, an amount of Rs. 233 crore was released for these schemes under AIBP and CAD Schemes. Under Fast track implementation of water conservation schemes 75 new water bodies with estimated cost of about Rs. 50 crores with tentative potential creation of 2500 ha would be taken up.

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Cholamandalam Investment & Fin. Co. to hold AGM
May 02,2017

Cholamandalam Investment & Fin. Co. announced that the Annual General Meeting (AGM) of the company will be held on 27 July 2017.

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Board of Ludlow Jute & Specialities recommends final dividend
May 02,2017

Ludlow Jute & Specialities announced that the Board of Directors of the Company at its meeting held on 28 April 2017, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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MOIL continues with existing prices for April-June 2017 quarter
May 02,2017

MOIL announced that it has been decided to continue the existing prices prevailing since 01 April 2017 in respect of all the items as informed vide the Companys letter No CS/NSE-BSE/2017-18/5 dated 01 April 2017.

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Uttam Galva Steels advances after turnaround in Q4
May 02,2017

The result was announced after market hours on Friday, 28 April 2017.

Meanwhile, the S&P BSE Sensex was up 84.39 points, or 0.28% at 30,002.79. The S&P BSE Small-cap index was up 97.55 points, 0.63% at 15,470.06.

High volumes were witnessed on the counter. On the BSE, 2.77 lakh shares were traded on the counter so far as against the average daily volumes of 58,154 shares in the past one quarter. The stock had hit a high of Rs 34.50 and a low of Rs 32.35 so far during the day.

The stock had hit a 52-week high of Rs 37.15 on 25 October 2016 and a 52-week low of Rs 24.65 on 9 November 2016. The stock had underperformed the market over the past one month till 28 April 2017, declining 2.53% compared with the Sensexs 1.73% rise. The scrip had also underperformed the market over the past one quarter declining 6.1% as against the Sensexs 7.3% rise.

The small-cap company has equity capital of Rs 142.26 crore. Face value per share is Rs 10.

Uttam Galva Steels net sales fell 48.2% to Rs 893.94 crore in Q4 March 2017 over Q4 March 2016.

Uttam Galva Steels is a manufacturer of cold rolled annealed and unannealed sheets & coils, galvanised plain and corrugated sheets.

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3i Infotech reports consolidated net profit of Rs 33.34 crore in the March 2017 quarter
May 02,2017

Net profit of 3i Infotech reported to Rs 33.34 crore in the quarter ended March 2017 as against net loss of Rs 280.41 crore during the previous quarter ended March 2016. Sales declined 5.97% to Rs 255.52 crore in the quarter ended March 2017 as against Rs 271.74 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 94.07 crore in the year ended March 2017 as against net loss of Rs 551.75 crore during the previous year ended March 2016. Sales declined 10.82% to Rs 1003.79 crore in the year ended March 2017 as against Rs 1125.58 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales255.52271.74 -6 1003.791125.58 -11 OPM %17.4013.94 -15.639.31 - PBDT39.0034.63 13 116.08-66.69 LP PBT36.77-18.75 LP 102.58-269.73 LP NP33.34-280.41 LP 94.07-551.75 LP

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DCM Shriram standalone net profit rises 46.50% in the March 2017 quarter
May 02,2017

Net profit of DCM Shriram rose 46.50% to Rs 94.11 crore in the quarter ended March 2017 as against Rs 64.24 crore during the previous quarter ended March 2016. Sales rose 23.23% to Rs 1590.34 crore in the quarter ended March 2017 as against Rs 1290.59 crore during the previous quarter ended March 2016.

For the full year,net profit rose 47.90% to Rs 522.07 crore in the year ended March 2017 as against Rs 352.99 crore during the previous year ended March 2016. Sales rose 0.20% to Rs 5702.78 crore in the year ended March 2017 as against Rs 5691.59 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1590.341290.59 23 5702.785691.59 0 OPM %14.9810.18 -14.139.47 - PBDT224.76124.05 81 787.20509.98 54 PBT193.20101.74 90 676.13415.08 63 NP94.1164.24 46 522.07352.99 48

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