·FM Jaitley to present FY16 budget on February 28
Finance Minister Arun Jaitley will present his first full-year budget on February 28 for the 2015/16 fiscal year, a government official said on Wednesday.
February 28 is a Saturday. The parliament session will begin on February 23 and will continue till March 20. The new fiscal year begins on April 1.
·Tata Elxsi Q3 consolidated net profit up 29% (YoY)
Tata Elxsi has announced the following Audited results for the quarter ended December 31, 2014 (YoY):
Standalone: Net Profit rose by 33.20% to Rs28.60 crore Vs Rs21.47 crore (YoY).Total Income increased by 12.71% to Rs222.58 crore Vs Rs197.47 crore (YoY).
Consolidated: Net profit rose by 28.69% to Rs27.76 crore Vs Rs21.57 crore (YoY).Total Income increased by 11.84% to Rs221.82 crore Vs Rs198.97 crore (YoY).
·Jindal Saw Q3FY15 PAT grows significantly
Jindal Saw Q3FY15 results: PAT grew significantly (after adjusting exceptional item); margin expanded as well.
It reported net profit of Rs61.9 cr v/s Rs50 cr (up by 24% YoY) while adjusted net profit grew by 116% YoY (after adjusting exceptional items of Rs40 cr) with net margin expansion of 290bps.
EBITDA increased by 44% YoY while revenue grew by modest 4% YoY to Rs1777 crore.
·Crompton Greaves wins order worth Rs156 crore
Crompton Greaves sealed a deal through competitive bidding process, with PT PLN (Perusahaan Listrik Negara) Indonesia, for the manufacture and supply of 37 units of 60 MVA, 20 MVA and 150/20kV power transformers. The deal is valued around Rs156 crore (USD 26 million) and GC’s transformers would be installed across the network of PLN in 36 different substations.
·Navin Fluorine surges on improved Q3FY2015 performance
Navin Fluorine International surged over 15% to Rs754 on NSE Q3FY2015: Improved operating performance supported strong earnings growth.
In Q3FY2015 company reported revenue growth of 33% YoY to Rs145.8 crore, operating margins for the quarter improved by100 basis point YoY to 12.9%
Earnings reported growth of 108% YoY to Rs14.2 crore largely supported by improved margins, lower interest cost and higher other income.
·TCS to manage digital transformation for Virgin Atlantic Airways
Tata Consultancy Services ( TCS) announced that it has been selected by Virgin Atlantic Airways ( VAA) to provide fully managed services to transform and optimise its IT processes, applications and infrastructure.TCS will set up a private cloud for Virgin Atlantic and provide services including infrastructure-as-a-service, End User Services and Application Support Services across the whole Virgin Atlantic's technology landscape.
·Excel Crop drops post Q3FY2015 numbers
Shares of Excel Crop Care dropped 5% to Rs999 on NSE on Weak Q3 numbers, PAT down significantly. Reported net profit reported at Rs1 cr v/s Rs12.6 cr in previous year while revenue also declined by 19% YoY to Rs165.3 cr during the quarter.
·Shakti Pumps PAT grows by 19% YoY
Shakti Pumps PAT grew by 19% YoY, margin expansion both at operating and bottom-line. Though revenues just grew by 6% YoY to Rs85cr, it has managed to report double-digit YoY growth of 16% at EBITDA level with an expansion in OPM by 170bps.Net profit also grew by 19% YoY to Rs7.6cr during the quarter.
Finance Minister Arun Jaitley will present his first full-year budget on February 28 for the 2015/16 fiscal year, a government official said on Wednesday.
February 28 is a Saturday. The parliament session will begin on February 23 and will continue till March 20. The new fiscal year begins on April 1.
·Tata Elxsi Q3 consolidated net profit up 29% (YoY)
Tata Elxsi has announced the following Audited results for the quarter ended December 31, 2014 (YoY):
Standalone: Net Profit rose by 33.20% to Rs28.60 crore Vs Rs21.47 crore (YoY).Total Income increased by 12.71% to Rs222.58 crore Vs Rs197.47 crore (YoY).
Consolidated: Net profit rose by 28.69% to Rs27.76 crore Vs Rs21.57 crore (YoY).Total Income increased by 11.84% to Rs221.82 crore Vs Rs198.97 crore (YoY).
·Jindal Saw Q3FY15 PAT grows significantly
Jindal Saw Q3FY15 results: PAT grew significantly (after adjusting exceptional item); margin expanded as well.
It reported net profit of Rs61.9 cr v/s Rs50 cr (up by 24% YoY) while adjusted net profit grew by 116% YoY (after adjusting exceptional items of Rs40 cr) with net margin expansion of 290bps.
EBITDA increased by 44% YoY while revenue grew by modest 4% YoY to Rs1777 crore.
·Crompton Greaves wins order worth Rs156 crore
Crompton Greaves sealed a deal through competitive bidding process, with PT PLN (Perusahaan Listrik Negara) Indonesia, for the manufacture and supply of 37 units of 60 MVA, 20 MVA and 150/20kV power transformers. The deal is valued around Rs156 crore (USD 26 million) and GC’s transformers would be installed across the network of PLN in 36 different substations.
·Navin Fluorine surges on improved Q3FY2015 performance
Navin Fluorine International surged over 15% to Rs754 on NSE Q3FY2015: Improved operating performance supported strong earnings growth.
In Q3FY2015 company reported revenue growth of 33% YoY to Rs145.8 crore, operating margins for the quarter improved by100 basis point YoY to 12.9%
Earnings reported growth of 108% YoY to Rs14.2 crore largely supported by improved margins, lower interest cost and higher other income.
·TCS to manage digital transformation for Virgin Atlantic Airways
Tata Consultancy Services ( TCS) announced that it has been selected by Virgin Atlantic Airways ( VAA) to provide fully managed services to transform and optimise its IT processes, applications and infrastructure.TCS will set up a private cloud for Virgin Atlantic and provide services including infrastructure-as-a-service, End User Services and Application Support Services across the whole Virgin Atlantic's technology landscape.
·Excel Crop drops post Q3FY2015 numbers
Shares of Excel Crop Care dropped 5% to Rs999 on NSE on Weak Q3 numbers, PAT down significantly. Reported net profit reported at Rs1 cr v/s Rs12.6 cr in previous year while revenue also declined by 19% YoY to Rs165.3 cr during the quarter.
·Shakti Pumps PAT grows by 19% YoY
Shakti Pumps PAT grew by 19% YoY, margin expansion both at operating and bottom-line. Though revenues just grew by 6% YoY to Rs85cr, it has managed to report double-digit YoY growth of 16% at EBITDA level with an expansion in OPM by 170bps.Net profit also grew by 19% YoY to Rs7.6cr during the quarter.
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