Apollo Tyres in spotlight after Q4 earnings

Apollo Tyres' consolidated net profit fell 20.26% to Rs 245.16 crore on 4.61% decline in total income to Rs 3009.36 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 11 May 2016. Apollo Tyres' board of directors at its meeting held yesterday, 11 May 2016, approved the issue of non convertible debentures aggregating to Rs 1000 crore on private placement basis, in one or more tranches.

On a consolidated basis, Oracle Financial Services Software's net profit fell 3% to Rs 224.40 crore on 7% increase in total revenues to Rs 1013 crore in Q4 March 2016 over Q4 March 2015. On a consolidated basis, net profit fell 2% to Rs 1165.80 crore on 5% increase in total revenues to Rs 4092.80 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours yesterday, 11 May 2016.

Adani Power announced that it has raised Rs 330 crore by allotment of 3,300 rated, listed, redeemable, zero coupon, non- convertible debentures (NCDs) of the face value of Rs 10 lakh each on private placement basis. The NCDs will be listed on the wholesale debt market segment of BSE. The announcement was made after market hours yesterday, 11 May 2016.

Jubilant Life Sciences announced that one of its wholly-owned subsidiaries, Jubilant DraxImage Inc (JDI) and Cyclopharm have mutually terminated their previously announced term sheet for exclusive commercial rights of Technegas in the US market. Both parties have agreed to discuss potential commercial opportunities once Cyclopharm obtains United States Food and Drug Administration (USFDA) approval for Technegas, Jubilant Life Sciences said in a statement. The announcement was made after market hours yesterday, 11 May 2016.

TVS Srichakra's net profit rose 51.16% to Rs 51.44 crore on 12.95% growth in net total income from operations to Rs 525.24 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 11 May 2016.

Gulf Oil Lubricants India's net profit rose 38.17% to Rs 30.04 crore on 3.06% growth in net total income from operations to Rs 271.89 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 11 May 2016.

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