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HDFC Bank recovers in volatile trade after announcing good Q2 results
Oct 25,2016

The result was announced during market hours today, 25 October 2016.

Meanwhile, the S&P BSE Sensex was down 114.64 points or 0.41% at 28,064.44

On BSE, so far 96,250 shares were traded in the counter as against average daily volume of 94,798 shares in the past one quarter. The stock recovered in volatile trade. The stock hit a high of Rs 1,265.50 and a low of Rs 1,244.75 so far during the day. The stock had hit a 52-week high of Rs 1,318.20 on 23 September 2016. The stock had hit a 52-week low of Rs 928.80 on 29 February 2016. The stock had underperformed the market over the past 30 days till 24 October 2016, falling 3.64% compared with 1.71% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 2.16% as against Sensexs 0.72% rise.

The large-cap bank has equity capital of Rs 509.13 crore. Face value per share is Rs 2.

HDFC Bank is one of the leading private sector banks in India.

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Dr Reddys Lab gains on positive management comments
Oct 25,2016

Meanwhile, the S&P BSE Sensex was down 90.01 points or 0.32% at 28,089.07

On BSE, so far 81,320 shares were traded in the counter as against average daily volume of 35,035 shares in the past one quarter. The stock was volatile. The stock hit a high of Rs 3,163.90 and a low of Rs 2,842 so far during the day. The stock had hit a 52-week high of Rs 4,375.30 on 4 November 2015. The stock had hit a 52-week low of Rs 2,750 on 21 January 2016. The stock had underperformed the market over the past 30 days till 24 October 2016, falling 2.88% compared with 1.71% decline in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 7.02% as against Sensexs 0.72% rise.

The large-cap company has equity capital of Rs 85.39 crore. Face value per share is Rs 5.

Dr Reddys Laboratories (DRL)s consolidated net profit fell 60.12% to Rs 308.90 crore on 10.57% decline in total income to Rs 3660.10 crore in Q2 September 2016 over Q2 September 2015. The announcement was made during market hours today, 25 October 2016. The results are as per International Financial Reporting Standards (IFRS).

DRLs consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) declined 43.64% to Rs 642 crore in Q2 September 2016 over Q2 September 2015. EBITDA margin contracted to 17.9% in Q2 September 2016, from 28.6% in Q2 September 2015.

DRLs revenue from global generics business declined 12% to Rs 2900 crore in Q2 September 2016 over Q2 September 2015 due to lower contribution from North America and loss of sales from Venezuela. Pharmaceuticals services and active ingredients (PSAI) business fell 2% to Rs 580 crore in Q2 September 2016 over Q2 September 2015.

Commenting on the companys results, DRLs co-chairman and CEO, G V Prasad said that the companys major businesses have shown sequential improvement in Q2 September 2016 with revenues growing by 11% and EBITDA by 61%. Looking ahead, the company will continue to focus on launching new products in its generics business, improving productivity and strengthening its quality management systems, Prasad said.

Dr Reddys Laboratories is an integrated global pharmaceutical company. It offers a portfolio of products and services including active pharmaceutical ingredients (APIs), custom pharmaceutical services, generics, biosimilars and differentiated formulations.

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Aditya Birla Nuvo gains after RBI hikes FPIs investment limit
Oct 25,2016

Meanwhile, the BSE Sensex was down 94.48 points, or 0.34%, to 28,084.60.

On BSE, so far 9,710 shares were traded in the counter, compared with average daily volume of 1.07 lakh shares in the past one quarter. The stock hit a high of Rs 1,396 and a low of Rs 1,379.50 so far during the day. The stock hit a record high of Rs 1,664 on 9 August 2016. The stock hit a 52-week low of Rs 685 on 29 February 2016. The stock had outperformed the market over the past 30 days till 24 October 2016, falling 1.15% compared with 1.71% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 0.27% as against Sensexs 0.72% rise.

The large-cap company has equity capital of Rs 130.23 crore. Face value per share is Rs 10.

The Reserve Bank of India (RBI) notified after market hours yesterday, that foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) can under the portfolio investment scheme (PIS) now invest up to 30% of the paid up capital of Aditya Birla Nuvo. The purchases could be made through primary market and stock exchanges. RBI stated that the companys board of directors has passed a resolution and its shareholders have passed a special resolution agreeing for enhancing the limit for the purchase of its equity shares by FIIs/RFPIs.

On a consolidated basis, Aditya Birla Nuvos net profit declined 56.79% to Rs 305.15 crore on 1.62% decline in net sales to Rs 3041.30 crore in Q1 June 2016 over Q1 June 2015. The company will announce Q2 results on 10 November 2016.

Aditya Birla Nuvo is a business conglomerate. It commands leadership position across its financial services, telecom, linen and manufacturing businesses.

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Dr Reddys Lab gains in volatile trade after declaring Q2 result
Oct 25,2016

The announcement was made during market hours today, 25 October 2016. The results are as per International Financial Reporting Standards (IFRS).

Meanwhile, the S&P BSE Sensex was down 84.38 points or 0.3% at 28,094.70

On BSE, so far 64,000 shares were traded in the counter as against average daily volume of 35,035 shares in the past one quarter. The stock was volatile. The stock hit a high of Rs 3,163.90 and a low of Rs 2,842 so far during the day. The stock had hit a 52-week high of Rs 4,375.30 on 4 November 2015. The stock had hit a 52-week low of Rs 2,750 on 21 January 2016. The stock had underperformed the market over the past 30 days till 24 October 2016, falling 2.88% compared with 1.71% decline in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 7.02% as against Sensexs 0.72% rise.

The large-cap company has equity capital of Rs 85.39 crore. Face value per share is Rs 5.

Dr Reddys Laboratories (DRL)s consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) declined 43.64% to Rs 642 crore in Q2 September 2016 over Q2 September 2015. EBITDA margin edged lower to 17.9% in Q2 September 2016, from 28.6% in Q2 September 2015.

Commenting on the companys results, co-chairman and CEO, G V Prasad said that DRLs major businesses have shown sequential improvement in Q2 September 2016 with revenues growing by 11% and EBITDA by 61%. Looking ahead, the company will continue to focus on launching new products in its generics business, improving productivity and strengthening its quality management systems, Prasad said.

Dr Reddys Laboratories is an integrated global pharmaceutical company. It offers a portfolio of products and services including active pharmaceutical ingredients (APIs), custom pharmaceutical services, generics, biosimilars and differentiated formulations.

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Nava Bharat Ventures jumps after stake sale in subsidiary companies
Oct 25,2016

The announcement was made after market hours yesterday, 24 October 2016.

Meanwhile, the BSE Sensex was down 110.23 points, or 0.39%, to 28,068.85.

On BSE, so far 2.64 lakh shares were traded in the counter, compared with average daily volume of 1.55 lakh shares in the past one quarter. The stock hit a high of Rs 144.50 and a low of Rs 139.50 so far during the day. The stock hit a 52-week high of Rs 145.60 on 5 October 2016. The stock hit a 52-week low of Rs 64 on 12 February 2016. The stock had outperformed the market over the past 30 days till 24 October 2016, rising 15.42% compared with 1.71% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.55% as against Sensexs 0.72% rise.

The small-cap company has equity capital of Rs 35.72 crore. Face value per share is Rs 2.

Nava Bharat Ventures said it successfully completed sale of 100% of the shares of Nava Bharat Lao Energy (NBLE) and thereby its 70% shareholding in Namphak Power Co (NPCL), by Nava Bharat (Singapore) (NBS), Nava Bharat Ventures (NBVL) said in a BSE filing.

NBS has entered into a sale and purchase agreement with Chaleun Sekong Group Sole Co., a company registered and existing under the Laws of the Lao PDR, to sell 100% equity stake in NBLE (wholly owned subsidiary of NBS) and thereby its 70% equity stake in NPCL which has been developing the 150 megawatts (MW) Hydel Power Project in Lao PDR.

According to the statement, NBLE and NPCL have ceased to be the subsidiaries of NBS and Nava Bharat Ventures with immediate effect.

The company said that the transaction was profitable and it not required to invest any more.

On a consolidated basis, net profit of Nava Bharat Ventures declined 32.05% to Rs 29.21 crore on 9.32% decline in net sales to Rs 313.72 crore in Q2 June 2016 over Q2 June 2015.

Nava Bharat Ventures (NBV) is a diversified organization with interests in power generation, ferro alloys, mining and agri-business. The company is in business for nearly four decades and operates in different geographies spanning across India and Africa.

Nava Bharat (Singapore) (NBS), a wholly owned subsidiary of NBV, is the overseas investment arm in various business verticals and geographies.

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GSFC slumps after poor Q2 result
Oct 25,2016

The Q2 result was announced after market hours yesterday, 24 October 2016.

Meanwhile, the S&P BSE Sensex was down 123.84 points or 0.44% at 28,055.24

On BSE, so far 7.58 lakh shares were traded in the counter as against average daily volume of 4.39 lakh shares in the past one quarter. The stock hit a high of Rs 96.90 and a low of Rs 92.30 so far during the day. The stock had hit a 52-week high of Rs 102.50 yesterday, 24 October 2016. The stock had hit a 52-week low of Rs 57.65 on 12 February 2016. The stock had outperformed the market over the past 30 days till 24 October 2016, rising 28.34% compared with 1.71% decline in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 33.2% as against Sensexs 0.72% rise.

The mid-cap company has equity capital of Rs 79.70 crore. Face value per share is Rs 2.

Gujarat State Fertilizers & Chemicals (GSFC) is engaged in manufacturing and marketing fertilizers, petrochemicals, chemicals, industrial gases, plastics, fibers and other products.

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Sasken surges as board to consider share buyback proposal
Oct 25,2016

The announcement was made after market hours yesterday, 24 October 2016.

Meanwhile, the S&P BSE Sensex was down 126.98 points or 0.45% at 28,052.10

On BSE, so far 62,000 shares were traded in the counter as against average daily volume of 5,847 shares in the past one quarter. The stock hit a high of Rs 440 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 415.15 so far during the day. The stock had hit a 52-week low of Rs 233.10 on 29 February 2016. The stock had outperformed the market over the past 30 days till 24 October 2016, rising 15.25% compared with 1.71% decline in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 12.83% as against Sensexs 0.72% rise.

The small-cap company has equity capital of Rs 17.72 crore. Face value per share is Rs 10.

Sasken Communication Technologies board of directors will also consider declaration of interim dividend in their meeting on 27 October 2016. The company has fixed 5 November 2016 as the record date for the purpose of payment of interim dividend.

Sasken Communication Technologies consolidated net profit rose 58.48% to Rs 15.61 crore on 11.44% rise in net sales to Rs 121.78 crore in Q1 June 2016 over Q1 June 2015.

Sasken Communication Technologies is a leader in providing engineering R&D and productized IT services to global tier I customers in the communications & devices, retail, insurance and independent software space.

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Bharti Infratel gains after strong Q2 earnings
Oct 25,2016

The result was announced after market hours yesterday, 24 October 2016.

Meanwhile, the BSE Sensex was down 136.13 points, or 0.48%, to 28,042.95.

On BSE, so far 20.85 lakh shares were traded in the counter, compared with average daily volume of 1.64 lakh shares in the past one quarter. The stock hit a high of Rs 399.40 and a low of Rs 371.25 so far during the day. The stock hit a 52-week high of Rs 436.40 on 30 December 2015. The stock hit a 52-week low of Rs 302.10 on 24 June 2016. The stock had outperformed the market over the past 30 days till 24 October 2016, falling 0.22% compared with 1.71% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 2.06% as against Sensexs 0.72% rise.

The large-cap company has equity capital of Rs 1896.67 crore. Face value per share is Rs 10.

Bharti Infratels consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 10% to Rs 1454 crore in Q2 September 2016 over Q2 September 2015.

The company said it had total tower base of 89,791 in Q2 September 2016 with an average sharing factor of 2.21. The total tower base was 87,184 in Q2 September 2015 with an average sharing factor of 2.15.

Akhil Gupta, chairman, Bharti Infratel, said that with the conclusion of recent spectrum auctions, the Indian telecom industry is gearing up for the next round of network rollouts. 960 MHz of data spectrum was sold in 800, 1800, 2100, 2300 & 2500 MHz bands for a sum of approximately Rs 66000 crore, taking the total investment in spectrum since 2010 to over Rs 358000 crore. The telecom sector is already witnessing big increase in demand for high speed data and availability of this additional spectrum will further spur investments from operators towards data rollouts across the country. Bharti Infratel is well poised to capitalize on this opportunity and to support telecom operators in rollout of 3G and 4G networks.

Bharti Infratel is Indias leading provider of tower and related infrastructure and it deploys, owns and manages telecom towers and communication structures, for various mobile operators.

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Idea Cellular drops after dismal Q2 outcome
Oct 25,2016

The result was announced after market hours yesterday, 24 October 2016.

Meanwhile, the S&P BSE Sensex was down 134.95 points or 0.48% at 28,044.13

On BSE, so far 5.21 lakh shares were traded in the counter as against average daily volume of 9.65 lakh shares in the past one quarter. The stock hit a high of Rs 76.95 and a low of Rs 74.05 so far during the day. The stock had hit a 52-week high of Rs 149.80 on 23 October 2015. The stock had hit a 52-week low of Rs 71.25 on 18 October 2016.

The large-cap company has equity capital of Rs 3601.03 crore. Face value per share is Rs 10.

The consolidated results represents Idea Cellulars standalone and proportionate consolidation of Indus (@16%) and Payments Bank (@49%) at net profit level.

Earnings before interest, taxation, depreciation and amortization (EBITDA) grew 1.8% to Rs 2840.10 crore in Q2 September 2016 over Q2 September 2015 as higher network running expenses due to accelerated expansion, increased subscriber acquisition and servicing cost, and multiple inflationary pressures resulted in overall operating cost increase. EBITDA margin contracted to 30.5% in Q2 September 2016 from 32.2% in Q2 September 2015.

In the recently concluded October 2016 Spectrum auction, Idea acquired 349.2 MHz of spectrum, including 149.2 MHz spectrum in frequency bands of 1800 MHz and 2100 MHz, expanding Idea mobile broadband coverage to Pan India and additional 200 MHz spectrum in frequency bands of 2300 MHz and 2500 MHz to address the future requirement of capacity.

Idea Cellular is gearing to expand its wireless broadband coverage using the spectrum won in recently concluded spectrum auction and plans to spend incremental equipment capex of Rs 1000 crore in FY17. With this, the capex guidance is revised from an earlier level of Rs 6500-7000 crore to Rs 7500-8000 crore, the company said.

Kumar Mangalam Birla, Chairman, Idea Cellular, said that the company is committed to participate in Digital India mission. Idea is gearing itself for the arrival of a tsunami of mobile broadband users as the company expands its wireless broadband coverage to a billion Indians and supplements the companys broadband capacity at 15-20 times current data traffic on existing and new spectrum, Kumar Mangalam Birla said.

Idea Cellular is the third largest wireless operator in India with a revenue market share of 19.3% as on Q1 June 2016. Idea is part of the Aditya Birla Group, which is one of the largest business groups in India.

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Adani Enterprises tumbles after weak Q2 outcome
Oct 25,2016

The result was announced after market hours yesterday, 24 October 2016.

Meanwhile, the BSE Sensex was down 120.08 points, or 0.43%, to 28,059.

On BSE, so far 1.89 lakh shares were traded in the counter, compared with average daily volume of 4.94 lakh shares in the past one quarter. The stock hit a high of Rs 70.70 and a low of Rs 67.70 so far during the day. The stock hit a 52-week high of Rs 94.80 on 26 October 2015. The stock hit a 52-week low of Rs 58.45 on 29 February 2016. The stock had outperformed the market over the past 30 days till 24 October 2016, falling 0.42% compared with 1.71% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, falling 13.93% as against Sensexs 0.72% rise.

The mid-cap company has equity capital of Rs 109.98 crore. Face value per share is Re 1.

Ameet Desai, Executive Director of Adani Enterprises and Group CFO said that this has been a good quarter with recurring financial performance despite multiple headwinds including market volatility for commodities. The company has well-rounded growth in volume at its mining, agro and city gas businesses during the quarter. With improving economic climate and business sentiment, the company expects to further boost its financial performance, Desai said.

Adani Enterprises is the flagship entity of the Adani group. Adani Enterprises started as a trading firm dealing in myriad commodities. Over a period of time, coal became its main stay and after it emerged as Indias leading coal importer, it made forays into multiple sectors as forward and backward integration.

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Tata Group stocks slide after Cyrus Mistrys ouster
Oct 25,2016

The announcement was made after market hours yesterday, 24 October 2016.

Tata Metaliks (down 7.89%), Tata Steel (down 3.33%), Tata Communications (down 3.06%), Tata Global Beverages (down 2.63%), Tata Chemicals (down 2.17%), Tata Motors (down 2.1%), Tata Investment Corporation (down 1.91%), Tata Power (down 1.91%), Tinplate Company of India (down 1.73%), Tata Sponge Iron (down 1.35%), Tata Teleservices (Maharashtra) (down 1.33%) and Tata Coffee (down 1.11%), edged lower. Rallis India was up 1%.

The S&P BSE Sensex was up 1.57 points, or 0.01% at 28,180.65.

The decision was taken at a board meeting held yesterday, 24 October 2016. The board named Ratan N. Tata as interim chairman of Tata Sons. The board has constituted a selection committee to choose a new chairman. The committee comprises Ratan N. Tata, Venu Srinivasan, Amit Chandra, Ronen Sen and Lord Kumar Bhattacharyya, as per the criteria in the Articles of Association of Tata Sons. The committee has been mandated to complete the selection process in four months.

Tata Sons is the promoter of the major operating Tata companies and holds significant shareholdings in these companies. About 66% of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the Tata family. The largest of these trusts are the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust, which were created by the families of the sons of Jamsetji Tata, the Founder.

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LG Balakrishnan gallops after declaring good Q2 outcome
Oct 24,2016

The announcement was made on Saturday, 22 October 2016.

Meanwhile, the BSE Sensex was up 84.04 points or 0.3% to 28,161.22

On BSE, so far 1.09 lakh shares were traded in the counter as against an average daily volume of shares in the past one quarter. The stock hit a high of Rs 700, which is also its 52-week high. The stock hit a low of Rs 625 so far during the day. The stock had hit a 52 week low of Rs 396.50 on 12 February 2016. The stock had outperformed the market over the past 30 days till 21 October 2016, rising 2.43% compared with 2.42% decline in the Sensex. The scrip also outperformed the market in past one quarter, gaining 17.1% as against Sensexs 0.99% rise.

The small-cap auto ancillary company has equity capital of Rs 15.70 crore. Face value per share is Rs 10.

LG Balakrishnan & Bros is Indias leading Roller chain manufacturer. The company is premier manufacturer of automotive chains under the brand name ROLON.

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Adani Power slips after Q2 results
Oct 24,2016

The result was announced during trading hours today, 24 October 2016.

Meanwhile, the BSE Sensex was up 84.85 points, or 0.30%, to 28,162.03.

On BSE, so far 15.01 lakh shares were traded in the counter, compared with average daily volume of 7.86 lakh shares in the past one quarter. The stock hit a high of Rs 28.25 and a low of Rs 26.80 so far during the day. The stock hit a 52-week high of Rs 36.10 on 4 April 2016. The stock hit a 52-week low of Rs 22.45 on 12 February 2016. The stock had outperformed the market over the past 30 days till 21 October 2016, falling 0.72% compared with 2.42% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 2.81% as against Sensexs 0.99% rise.

The mid-cap company has equity capital of Rs 3417.45 crore. Face value per share is Rs 10.

Adani Powers consolidated total income rose 1.49% to Rs 5870 crore in Q2 September 2016 over Q2 September 2015. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 5% to Rs 1915 crore in Q2 September 2016 over Q2 September 2015. Finance cost fell 13.09% to Rs 1434 crore in Q2 September 2016 over Q2 September 2015.

The company sold 15.04 billion units in Q2 September 2016, a tad lower than 15.10 billion units in Q2 September 2015. The overall plant availability during Q2 September 2016 was 92% as against 85% in Q2 September 2015, reflecting improved operating performance at all plants.

Commenting on the quarterly results of the company, Vineet Jaain, Chief Executive Officer, Adani Power, said during Q2 September 2017, the company has been able to improve the availability at all plants, with an improvement in operational efficiency. Efforts to optimise finance costs, aided by efficient operations, have helped the company reduce net loss significantly during the quarter, as compared to the corresponding quarter of of the previous year. Going forward, the firm expects to benefit from improved domestic coal availability through the recently announced special forward coal e-auction scheme for the power sector.

Adani Power is the largest private thermal power producer in India with an installed capacity of 10,480 megawatts (MW).

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Volumes jump at Gammon Infrastructure Projects counter
Oct 24,2016

Gammon Infrastructure Projects clocked volume of 1.75 crore shares by 14:51 IST on BSE, a 139.88-times surge over two-week average daily volume of 1.26 lakh shares. The stock was unchanged at Rs 5.

Oberoi Realty notched up volume of 15.69 lakh shares, a 115.84-fold surge over two-week average daily volume of 14,000 shares. The stock rose 2.8% to Rs 341.20

Dynamatic Technologies saw volume of 86,000 shares, a 115.11-fold surge over two-week average daily volume of 748 shares. The stock rose 2.46% to Rs 3,392.55.

Manpasand Beverages clocked volume of 3.77 lakh shares, a 71.32-fold surge over two-week average daily volume of 5,000 shares. The stock rose 1.97% to Rs 735.35

LG Balakrishnan & Bros saw volume of 1.04 lakh shares, a 47.81-fold rise over two-week average daily volume of 2,000 shares. The stock rose 15.16% to Rs 676.

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Huhtamaki PPL gains on plan to set up new unit in Assam
Oct 24,2016

The announcement was made during market hours today, 24 October 2016.

Meanwhile, the BSE Sensex was up 159.40 points, or 0.57%, to 28,236.58.

On BSE, so far 7,303 shares were traded in the counter, compared with average daily volume of 5,646 shares in the past one quarter. The stock hit a high of Rs 293.30 and a low of Rs 285.05 so far during the day. The stock hit a 52-week high of Rs 327 on 8 August 2016. The stock hit a 52-week low of Rs 176.90 on 12 February 2016. The stock had outperformed the market over the past 30 days till 21 October 2016, rising 5.59% compared with 2.42% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 2.73% as against Sensexs 0.99% rise.

The small-cap company has equity capital of Rs 14.54 crore. Face value per share is Rs 2.

Huhtamaki PPL (erstwhile The Paper Products) said that it is setting up a new flexible packaging manufacturing unit in Assam, which is likely to be commissioned during the first half of 2017, to better service its customers based in North East India.

The companys subsidiary, Webtech Labels, is setting up a new label manufacturing unit in Sikkim, to service its customers based in North East India and likely to be commissioned during the first half of 2017. Further, the main Label manufacturing unit of Webtech Labels, located at Mahape, Navi Mumbai, primarily catering to pharmaceutical companies will be relocated to a new facility in the Greater Mumbai Region by the end of 2017.

The combined value of these investments/modernisation is expected to be approximately Rs 65 crore.

On a consolidated basis, net profit of Huhtamaki PPL declined 8.33% to Rs 18.26 crore on 5.18% rise in net sales to Rs 566.49 crore in Q2 June 2016 over Q2 June 2015.

Huhtamaki PPL is Indias leading manufacturer of primary consumer packaging and labelling materials with annual consolidated Euro 300 million. It is the largest manufacturer in volume of finished flexible packaging in the larger Africa - India - Asia Pacific region excluding Japan.

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