Infosys, Hero MotoCorp in spotlight after Q2 earnings

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IT major Infosys announced its consolidated results under International Financial Reporting Standards (IFRS) after market hours yesterday, 16 October 2018. On a consolidated basis, Infosys' net profit rose 13.8% to Rs 4110 crore on 7.7% increase in revenues to Rs 20609 crore in Q2 September 2018 over Q1 June 2018.

Net profit of Hero MotoCorp declined 3.39% to Rs 976.28 crore on 8.59% rise in net sales to Rs 9090.94 crore in Q2 September 2018 over Q2 September 2017. The result was announced after market hours yesterday, 16 October 2018.

Index heavyweight Reliance Industries will announce Q2 results today, 17 October 2018.

On a consolidated basis, net profit of CRISIL rose 29.66% to Rs 90.01 crore on 3.84% rise in net sales to Rs 425.46 crore in Q3 September 2018 over Q3 September 2017. The result was announced after market hours yesterday, 16 October 2018.

NHPC announced after market hours yesterday, 16 October 2018, that Baira Siul Power Station (180 MW) in Himachal Pradesh has been taken under complete shutdown for six months with effect from 15 October 2018, 10:00 IST for renovation & modernization of power station for its life extension works. Revenue from continuing operation of Baira Siul Power Station was Rs 124.69 crore in the FY 2017-18 which contributes 1.798% of total revenue of company during FY 2017-18.

Cochin Shipyard announced after market hours yesterday, 16 October 2018, that it will buyback fully paid equity shares of Rs 10 each, not exceeding 43.95 lakh equity shares (representing 3.23% of the total outstanding number of equity shares in the paid-up share capital of the company) at Rs 455 each payable in cash for an aggregate consideration not exceeding Rs 200 crore, being 6.41% of the aggregate of the fully paid-up equity share capital and free reserves as per the audited standalone financial statements of the company for the financial year ended 31 March 2018.

Lakshmi Machine Works announced after market hours yesterday, 16 October 2018, that its board will meet on 22 October 2018 to consider buyback of the equity shares.

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