TOP CORPORATE NEWS-28 JANUARY 2016

Intraday Stock Futures

Vedanta Consolidated Q3 net profit at Rs17.91 crore
Vedanta Ltd announced the following unaudited results for the quarter ended December 31, 2015:
Standalone
Net profit at Rs967.72 crore vs Rs259.38 crore (YoY)
Total Income at Rs7929.14 crore vs Rs8699.08 crore (YoY)

Emami Consolidated Q3 net profit down 27% (YoY)
Emami Ltd announced the following unaudited results for the quarter ended December 31, 2015:
Standalone
Net profit down 29.30% at Rs130.37 crore vs Rs184.41 crore (YoY)
Total Income at Rs738.04 crore vs Rs684.62 crore (YoY).

Colgate Palmolive Q3 net profit up 21.81% (YoY)
Colgate Palmolive (India) Ltd announced the following unaudited Standalone results for the quarter ended December 31, 2015:
Net profit up 21.81% at Rs159.41 crore vs Rs130.86 crore (YoY)
Total Income at Rs1025.49 crore vs Rs1005.67 crore (YoY)

Engineers India drops after govt plans to sell stake
Engineers India Limited is coming out with Offer for Sale ( OFS) on January 29th, 2016. This issue would be available only for ONE day.
The government will sell 10% of its stake in Engineers India Ltd (EIL) on Friday, which is likely to fetch over Rs 690 crore to the Exchequer.

Dabur India Q3FY2016 results better than estimates
Dabur India (consolidated) Q3FY2016 results – better than expected operating performance.
Dabur India’s revenues grew by 2.3%yoy to Rs2127.0crore driven by 18% growth in the consumer care business.

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