• Reliance Ind slips on profit booking post Q3FY16 results
Shares of Reliance Ind dropped over 3% to Rs1015 on NSE post Q3FY16 result despite another quarter of strong margin-led performance led by profit booking; retain Buy with PT of Rs1200 Stellar earnings performance: Reliance Industries Ltd (RIL) reported another quarter of strong earnings supported by a seven-year high refining margin and fat petchem margin Largely in line with our estimate, the stand-alone earnings of RIL jumped by 42% YoY and 10% sequentially in Q3FY2016. In this quarter, RIL reported a GRM of $11.5 per barrel (against our estimate of $11 per barrel), which stole the show and drove the earnings.
• JSW Energy Q3 consolidated net profit at Rs321 cr
JSW Energy has announced the following Q3 results for the quarter ended December 31, 2015 (YoY):
Standalone (YoY)
The Company has posted a net profit of Rs280.54 crore VS Rs289.53 crore. Total Income has decreased to Rs1639.15 crore Vs Rs1713.19 crore.
Consolidated (YoY)
The Group has posted a net profit of Rs320.68 crore Vs Rs380.19 crore. Total Income is Rs2675.57 crore VS Rs2418.44 crore.
• UltraTech Q3 consolidated net profit at Rs546 cr
Ultratech cement Ltd Q3FY2016 result – Operational efficiencies led by low energy costs boosts earnings Ultratech posted standalone net sales of Rs5,747 crore (+5% YoY) for Q3FY2016 on back of both volume and better realization across the regions. The overall volume (cement + clinker) has risen by 3% YoY to 11.6 million tonne. The average blended cement realization grew by 2% YoY to Rs4955 per tone. The operating Profit Margin (OPM) improved by 276 bps YoY to 18.2% on account of growth in realization and lower power & fuel cost (down 14% YoY on per tone basis). Hence the EBITDA per tonne grew by 20.2% YoY to Rs900 per tone. Further lower interest expense (down 18% YoY) and lower effective tax rate (30% as against 34.7% in Q3FY2015) led to net profit growth of 40% YoY to Rs509 crore.
• Reliance Infra Q3 consolidated net profit up 2%
Reliance Infrastructure has announced the following Q3 results for the quarter ended December 31, 2015:
Standalone (YoY)
The Company has posted a net profit of Rs541.48 crore Vs Rs405.90 crore. Total Income is at Rs3002.23 crore Vs Rs3118.86 crore.
Consolidated (YoY)
The Group has posted a net profit of Rs462.67 crore Vs Rs452.37 crore. Total Income is at Rs4395.36 crore Vs Rs4788.40 crore
• L&T JV wins Rs3115 cr Bihar New Ganga Bridge Project
Larsen & Toubro ( L&T) has announced that L&T JV Wins Rs3115 Cr Bihar New Ganga Bridge Project. The company has announced that the heavy civil infrastructure business along with its joint venture partner, Daewoo E&C of South Korea, has won a major order worth Rs3,115 crore from the Bihar State Road Development Corporation. This is for the design and construction of greenfield six-lane extra-closed cable bridge over river Ganga near Kachchi Dargah in the district of Patna on NH-30, near Bidupur in the District of Vaishali on NH-30, Bihar.
Read our more services below:
No comments:
Post a Comment