Gillette India in focus after Q3 results

Net profit of Gillette India declined 68.78% to Rs 8.48 crore on 27.67% rise in net sales to Rs 455.18 crore in Q3 March 2014 over Q3 March 2013.

Mahindra Holidays & Resorts India's net profit fell 21.15% to Rs 24.40 crore on 9.5% increase in total income to Rs 224 crore in Q4 March 2014 over Q4 March 2013.

Net profit of Gujarat Pipavav Port rose 72.47% to Rs 61.02 crore in the quarter ended March 2014 as against Rs 35.38 crore during the previous quarter ended March 2013. Sales rose 26.28% to Rs 144.09 crore in the quarter ended March 2014 as against Rs 114.10 crore during the previous quarter ended March 2013.

Net profit of Voltamp Transformers declined 36.24% to Rs 9.52 crore in the quarter ended March 2014 as against Rs 14.93 crore during the previous quarter ended March 2013. Sales declined 17.42% to Rs 144.49 crore in the quarter ended March 2014 as against Rs 174.97 crore during the previous quarter ended March 2013.

Net profit of Hikal declined 66.81% to Rs 3.07 crore in the quarter ended March 2014 as against Rs 9.25 crore during the previous quarter ended March 2013. Sales rose 19.99% to Rs 227.54 crore in the quarter ended March 2014 as against Rs 189.64 crore during the previous quarter ended March 2013.

Lupin, Procter & Gamble Hygiene and Health Care and Syndicate Bank will announce their January-March 2014 quarter results on Wednesday, 7 May 2014.

Jindal Steel and Power (JSPL) is reportedly close to acquiring an iron ore mine in West Africa to secure raw material for its recently commissioned steel plant in Oman and to sell the surplus in the open market.

Suzlon Energy reportedly plans to list its German subsidiary Senvion SE. The company's group head, finance, Kirti Vagadia, was quoted by the media as saying that the unit is the wind turbine maker's strongest asset and has maintained profitability despite strong headwinds in the sector.

Ultratech Cement is reportedly looking to buy the local assets of Holcim and Lafarge SA. According to reports, Kumar Mangalam Birla, who controls Ultratech, is waiting to see what will be on sale as the two European companies prepare to dispose of plants.

Holcim and Lafarge, which agreed to a merger last month, may divest in Brazil, India, China, Canada and the US, Lafarge chief executive officer Bruno Lafont reportedly told investors on 7 April 2014.

Rain Industries will be in focus after Merrill Lynch Capital Markets Espana SA SV sold 1.42 crore shares of Rain Industries at Rs 35.06 each on BSE. Merrill Lynch Capital Markets Espana S.A. SVB sold 1.45 crore Rain Industries shares at Rs 35.01 each on NSE. Simultaneously, Eastspring Investments India Infrastructure Equity Open acquired 45 lakh shares of Rain Industries at Rs 35 each on NSE.

Opto Circuits (India) said its board has approved to raise funds for the company and/or for its Indian/Overseas Subsidiaries by way of issue of securities, including Global Depositary Receipts (GDRs) and or American Depository Receipts (ADRs) convertible into equity shares, or any instrument or securities representing convertible securities such as convertible debentures, bonds or warrants etc., convertible into equity shares, in one or more tranches, in Indian or Foreign Market(s) as applicable, whether optionally or otherwise or any combination thereof up to an aggregate amount not exceeding $250 million.

Everonn Education said that its board will meet on 15 May 2014, to consider the offer of shares through rights issue.

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