InterGlobe Aviation in spotlight after Q4 results

InterGlobe Aviation's net profit fell 24.6% to Rs 440.30 crore on 18.5% growth in revenue from operations to Rs 4848.21 crore in Q4 March 2017 over Q4 March 2016. The company earnings before interest, taxation, depreciation, amortization and rent costs (EBITDAR) declined 6.6% to Rs 1449.16 crore in Q4 March 2017 over Q4 March 2016. EBITDAR margin contracted to 29.9% in Q4 March 2017, from 37.9% in Q4 March 2016. The result was announced after market hours yesterday, 9 May 2017. InterGlobe Aviation's board recommended a final dividend of Rs 34 per share for the year ended March 2017 (FY 2017).

On a consolidated basis, Bharti Airtel's net profit fell 69.22% to Rs 470.60 crore on 12.12% decline in net sales to Rs 21934.60 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 9 May 2017.

Drug major Lupin clarified to the media news after market hours yesterday, 9 May 2017. The company said that recently its Aurangabad facility underwent an inspection by the US Food and Drug Administration (USFDA). The inspection was completed on 26 April 2017, subsequent to which, the USFDA issued Form 483 citing eight observations. The company is in the midst of putting together a response to address the observations.

Sintex Industries said that the foreign currency convertible bonds (FCCB) Committee of its board of directors allotted 47.56 lakh equity shares to FCCB holders on the exercise of their conversion right. The announcement was made after market hours yesterday, 9 May 2017.

Atul said that the joint venture agreements for the partnership with Akzo Nobel Chemicals International B.V. (Akzo) have been executed between the company, its affiliates and Akzo. The announcement was made after market hours yesterday, 9 May 2017.

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