On 29th July 2016 IIFL announced its results for the quarter ended 30th June 2016. For the last 5 trading sessions, IIFL share price ranged between 270-290. Since this morning the share price took a certain surge and went up by almost 10 per cent. It is currently trading at Rs 300.00 apiece on NSE. <p style=
MUMBAI/BENGALURU: Brigade Enterprises has posted 12 per cent year-on-year decline in consolidated net profit at Rs 22.2 cr for the quarter ended June. The company said in its earnings release that thetotal consolidated revenue for the quarter surged 6 per cent to Rs 466.4 cr. The company's consolidated operating profit for the quarter grew 11 per cent from a year ago to Rs.124.7 cr. Leasing and hospitality segment generated Rs 57.5 cr and Rs 46.1 cr, respectively. M.R. Jaishankar,
Cummins India share price did not react unfavorably to the company's weak quarter performance. The scrip opened about 1% higher on Friday in spite of the 14% drop in net profit when compared with a year back. The demand, especially in overseas markets, was not as bad as expected and that went down well with investors. Exports, which account for a third of the total sales, went down by 22% Y-o-Y. But it was better than the 29-30% drop that most analysts had penned in. That indicates a lot abou
Arvind Limited, the flagship company of Arvind group, announced its quarterly result yesterday on 4th August 2016. The company reported the growth of 18% to Rs. 2,104 crores compared to Rs. 1,787 crores of corresponding quarter last financial year. Consolidated EBIDTA went up by 16% at Rs. 241 crores as aginst Rs. 208 crores of Q1FY16. The profit after tax before the exceptional items grew by 27% to Rs. 74 crores in comparison to Rs. 58 crores in the same quarter last year. The business reported 14% growth in revenue and is continuing to d
The GST passage has completed an important chapter for Indian markets. Nifty is expected to be settled in a range.stock Market Today by Shailesh Saraf.
Snowman Logistics share price closed 8.69 per cent lower on National Stock Exchange (NSE) today ahead of Q1 results. The results of the company was announced at 4.19 pm today on Bombay Stock Exchange (BSE). Snowman Logistics Q1 net profit was recorded to be Rs.1.8 cr. The EBITDA for the April-June quarter stood at Rs.14.7 cr. Snowman Logistics share price closed at Rs.78.95, down by Rs. 6.85 or 7.98 per cent from its previous closing of Rs.85.8 on BSE. The stock opened at Rs. 87 and reached a hig
Gulf Oil Lubricant share price was trading 9% higher on NSE, after the company reported 52.2% (YoY) jump in net profit at Rs 31.16 cr for the quarter ended June 30, 2016 on the back of higher growth in volume. The Hinduja Group company had reported a profit of Rs 20.47 cr in the year-ago quarter. Net revenues during the quarter under review increased 23.1 per cent at Rs.284 cr against Rs.230 cr in the corresponding quarter of the last fiscal. Earnings before interest, taxes, depreciation and amortizatio
On 4th August, Jindal Steel share price opened with a rise of 1.05 points at Rs. 81.25 while its previous closing was noted at Rs.80.55. The stock saw a surge in volume by more than 10 times recording the intraday high and low at Rs. 83.00 and Rs. 79.00 respectively. According to reports, Jindal Steel has planned to sell a 15% stake in itself to Japan's Yamato Steel for Rs. 2,500 crore. The company affirmed
On 1st August 2016, VRL Logistics has declared its financial results for the quarter ended 30th June 2016. The company's revenue saw a surge of 2.35 percent to reach Rs 459 crore in Q1 FY17 as compared to corresponding quarter of the previous financial year. The EBITDA of the Company too has risen by 19.59 percent and reached Rs 69 crore in the first quarter of FY16 on a Y-o-Y basis. <p style="margin-top: 6px;"
India's auto industry is one of the fastest growing sectors in Indian Economy. It adopts two different strategies for sales. The manufacturer either sells cars straight to the dealer, on which a certain Central State Tax is levied or ships the vehicles to a warehouse in a certain state from where the units are further distributed. The latter is governed by VAT of the said state. And both the CST and VAT eventually affect the cost of the vehicles. So, the Key players in the Automobile
