Hero MotoCorp, Idea Cellular in spotlight ahead of Q1 results

Hero MotoCorp and Idea Cellular are scheduled to announce Q1 June 2016 results today, 8 August 2016.

Asian Paints announced that it is proposing to increase its water based paint manufacturing capacity at its plant situated at Sriperumbudur, Tamil Nadu from 1.4 lakh kilolitres (KL) per annum to 2 lakh KL per annum, subject to necessary approvals. Further, the company is also proposing to alter its product mix to augment the manufacturing capacity of synthetic resins and emulsions at its manufacturing facilities at Ankaleshwar, Gujarat, by around 35,000 metric tonnes, subject to necessary approvals. The details of the capital expenditure for the aforementioned expansion would be intimated on receipt of necessary approvals from the regulatory authorities. None of the promoters, directors, key managerial personnel or their relatives are directly/indirectly interested in the aforesaid proposal. The announcement was made after market hours on Friday, 5 August 2016.

Bharat Electronics' net profit fell 52.94% to Rs 36.09 crore on 18.1% decline in total income to Rs 1010.17 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Friday, 5 August 2016.

Bharat Electronics' board approved the proposal for buyback of equity shares of the company for a total consideration not exceeding Rs 2171.15 crore at a buyback price of Rs 1,305 per share through a tender offer. The promoters of the company intimated their interest to participate in the proposed buyback.

Tata Coffee's consolidated net profit surged 135.57% to Rs 64.10 crore on 21.13% growth in total income from operations to Rs 426.15 crore in Q1 June 2016 over Q1 June 2015. The result was announced on Saturday, 6 August 2016.

Credit Analysis and Research's (CARE) net profit surged 41.1% to Rs 24.67 crore on 18% growth in total income from operations to Rs 57.15 crore in Q1 June 2016 over Q1 June 2015. The company's EBITDA (earnings before interest, taxation, depreciation and amortization) margin improved to 63.3% in Q1 June 2016 from 52.7% in Q1 June 2015. The result was announced after market hours on Friday, 5 August 2016.

CARE's MD & CEO D R Dogra said that the company has posted fairly good results in Q1 June 2016. The future course of the economy will guide the progress in the market which will have a bearing on the company's prospects, he said.

CARE's board of directors have appointed Rajesh Mokashi, Deputy Managing Director of the company as the Managing Director and CEO of the company with effect from 22 August 2016 for a period of five years subject to the approval of the shareholders at the ensuing Annual General Meeting.

The board has given its approval for setting up a wholly owned subsidiary company for carrying out advisory, research and training services subject to regulatory approvals.

Caplin Point Laboratories' consolidated net profit rose 27.2% to Rs 16.13 crore on 21.32% growth in income from operations to Rs 85.07 crore in the quarter ended 30 June 2016 over the quarter ended 30 June 2015. The result was announced after market hours on Friday, 5 August 2016.

Caplin Point Laboratories' board of directors approved for 5-for-1 stock split proposal.

Aegis Logistics' consolidated net profit rose 2.81% to Rs 25.97 crore on 1.45% decline in total income from operations to Rs 740.45 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Friday, 5 August 2016.

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