Business news:

21st October 2021 (18:40 pm)
BSE/NSE Results today

The Indian Energy Exchange (IEX) on Thursday posted a nearly 75 per cent jump in consolidated net profit at Rs 77.38 crore for the September quarter, mainly on the back of higher revenues.

The consolidated net profit of the company stood at Rs 44.33 crore in the corresponding quarter of the previous fiscal, it said in a BSE filing.

Total income rose to Rs 122.30 crore in the quarter from Rs 78.71 crore in the year-ago period.

The board in its meeting on Thursday recommended a bonus issue of equity shares in the proportion of two shares of Re 1 each for every one existing share of Re 1 each held by the shareholders as on the record date.

This is subject to the approval of shareholders through postal ballot, it added.

Under the bonus issue, 59,91,13,022 equity shares with face value of Re 1 each (total face value Rs 59,91,13,022) would be issued.

The bonus shares will be issued out of the free reserves created out of the profits of the company available as at March 31, 2021, it said.

The share capital of the company before the bonus issue stands at Rs 29,95,56,511, divided into 29,95,56,511 equity shares of face value of Re 1 each.

The share capital post the bonus issue would be Rs 89,86,69,533, divided into 89,86,69,533 equity shares of face value of Re 1 each.

The company said free reserves of Rs 59,91,13,022 are required for implementing the bonus issue.

As on March 31, 2021, a balance of Rs 42,761.38 lakh is available in the free reserves, it added.
The bonus shares are expected to be credited or despatched within two months from the board meeting (that is, December 20, 2021), it stated.


27th May 2021 (17:40 pm)
BSE/NSE Results today

Cadilla Health Care - 
73.5 percent rise in its consolidated net profit at Rs 679 crore for the March-ended quarter. The company had posted a net profit of Rs 391.9 crore for the corresponding period of the previous fiscal
Consolidated total revenue from operations stood at Rs 3,846.7 crore for the quarter under consideration. It was Rs 3,752.1 crore for the same period a year ago, it added. For the financial year ended March this year, the company posted a net profit of Rs 2,133.6 crore as against Rs 1,176.6 crore for the previous financial year

The board of directors has recommended a final dividend of Rs 3.50 per equity share of Re 1 each

Kopran
The Board of Directors of Kopran Ltd at its meeting held on May 27, 2021, has recommended a Final dividend of Rs. 1.50 (15%) per equity share of Rs. 10 each for the year ended March 31, 2021 subject to approval of members at the 62nd AGM. Earlier an interim dividend of Rs. 1.50 (15%) per equity share was paid in the month of November, 2020.  

The company has reported total income of Rs.1535 lakhs during the period ended March 31, 2021 as compared to Rs.1569 lakhs during the period ended December 31, 2020.

The company has reported EPS of Rs.3.48 for the period ended March 31, 2021 as compared to Rs.3.63 for the period ended December 31, 2020.

RASHTRIYA CHEMICALS & FERTILIZERS LTD.

Has reported financial results for the period ended March 31, 2021.  Financial Results (Q4 FY20-21) - QoQ Comparison  The company has reported total income of Rs.2342.24 crores during the period ended March 31, 2021 as compared to Rs.2072.92 crores during the period ended December 31, 2020.  The company has posted net profit / (loss) of Rs.153.51 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.98.71 crores for the period ended December 31, 2020.  The company has reported EPS of Rs.2.78 for the period ended March 31, 2021 as compared to Rs.1.79 for the period ended December 31, 2020.
12th May 2021 (8:40 am)

Results today -  A total of 36 companies, including Asian Paints, Lupin, UPL, Apollo Tyres, Tata Power, and Pidilite Industries are scheduled to release quarterly earnings today.

MSCI rebalancing

 A total of six names have been added and one deleted from the MSCI India Index. Additions include Adani Entertainment, Adani Total, Adani Transmission, SBI Cards, BEL, Cholamandalam Finance, while Zee Entertainment has been deleted.

Sugar stocks gain,Ethanol blending
11th May 2021 (6:40 pm)
Sugar production in Brazil and Thailand, the two largest sugar exporter in the world, is expected to be lower at around 7-8 MMT each as compared to last year given the challenges faced due to dry weather.

the shortfall in global sugar production has resulted in a sharp increase in global prices of sugar 

advance the target of 20 per cent blending of ethanol in petrol to 2025 from the earlier target of 2030.

What is ethanol?
It is the organic compound Ethyl Alcohol which is produced from biomass. It is also an ingredient in alcoholic beverages. 

It will not have any effect. Since ethanol contains oxygen, it is supposed to help in complete combustion of fuel, resulting in lower emissions.

Recommended stock- 
Balrampur Chini Mills with a TP of Rs 380

Granules India  - 11th May 2021 (1:40 pm)

Granules India March-Quarter Consol Profit Rises

The company has reported total income of Rs.802.59 crores during the period ended March 31, 2021 as compared to Rs.860.92 crores during the period ended December 31, 2020.  The company has posted net profit / (loss) of Rs.127.56 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.146.80 crores for the period ended December 31, 2020.  The company has reported EPS of Rs.5.13 for the period ended March 31, 2021 as compared to Rs.5.90 for the period ended December 31, 2020.

* MARCH-QUARTER CONSOL PROFIT 1.28 BILLION RUPEES VERSUS PROFIT 923.4 MILLION RUPEES YEAR AGO

* MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 7.99 BILLION RUPEES VERSUS ABOUT 6 BILLION RUPEES YEAR AGO

* RECOMMENDED FINAL DIVIDEND OF 0.75 RUPEES/SHARE

Stock Markets:

6th November 2020 (7:00 pm)

Drug maker Cipla reported a 41.18 per cent increase in its consolidated net profit for the quarter ended September to Rs 665.43 crore.

 India business grew by 17% YoY with strong growth across the three businesses; continued servicing of patients with Covid-19 portfolio.

Cipla's total revenue from operations rose to Rs 5,038.29 crore, up 14.62 per cent from Rs 4,395.78 crore a year ago.  Cipla said its India business grew by 17 per cent YoY with strong growth across the three businesses and continued servicing of patients with Covid-19 portfolio.  Continued momentum across private and tender businesses drove its South Africa growth to 14 per cent on a YoY basis in local currency. Its US business reported a revenue of $141 million led by continued .

Cipla closed 0.50 per cent lower at Rs 789.90 on the BSE.