L&T in focus after declaring Q3 result

L&T's consolidated net profit rose 19% to Rs 1035 crore on 8.4% growth in gross revenue to Rs 26058 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours on Friday, 29 January 2016.

The company garnered fresh orders worth Rs 38528 crore at the group level in Q3 December 2015. The international order inflow during the quarter at Rs 11115 crore constituted 29% of the total order inflow, L&T said. Major orders during the quarter were secured by the infrastructure segment, the company said in a statement.

L&T's consolidated order book rose 14% on year-on-year basis at Rs 256458 crore as at 31 December 2015. International order book constituted 27% of the total order book.

L&T said that it is focusing on profitable execution of projects and is confident of its growth in the near to medium term.

Grasim Industries' consolidated net profit rose 95% to Rs 650 crore on 13% growth in net revenue to Rs 9044 crore in Q3 December 2015 over Q3 December 2014. The result was announced on Saturday, 30 January 2016.

Grasim Industries' earnings before interest, taxation, depreciation, and amortization (EBITDA) rose 43% to Rs 1795 crore in Q3 December 2015 over Q3 December 2014.

Aditya Birla Chemicals (India) (ABCIL) has been merged with the company on 4 January 2016 from the appointed date of 1 April 2015. Therefore, the current quarter results are not comparable with corresponding previous quarter.

On like-for-like basis excluding ABCIL numbers, Grasim Industries' consolidated net profit rose 3% to Rs 650 crore on 4% growth in net revenue to Rs 9044 crore in Q3 December 2015 over Q3 December 2014. EBITDA rose 4% to Rs 1795 crore in Q3 December 2015 over Q3 December 2014.

With regard to future business outlook, Grasim Industries said that the cement demand is expected to pick up in the near term with the Government's focus on infrastructure development, housing sector, smart cities, roads etc. The company is well positioned across the country to cater to the growth in demand, Grasim said in a statement.

Wipro before market hours today, 1 February 2016 announced that it has achieved a significant milestone in its ongoing Internet of Things (IoT) deployment for JCB India, a leading construction equipment manufacturer. JCB's Livelink telematics system has successfully connected over 10,000 construction equipment and machines, such as backhoe loaders, excavators and compact wheel loaders, deployed for its customers across India, Wipro said in a statement.

Tech Mahindra announces its Q3 December 2015 result today, 1 February 2016.

Shares of state-run oil marketing companies (PSU OMCs) will be in spotlight after the government on Saturday, 30 January 2016, hiked the excise duty on petrol by Rs 1 per litre and Rs 1.50 on diesel. Basic excise duty on unbranded or normal petrol has been increased from Rs 8.48 per litre to Rs 9.48 and the same on unbranded diesel from Rs 9.83 per litre to Rs 11.33.

Aviation stocks will be in focus after aviation turbine fuel (ATF) or jet fuel price was slashed by nearly 12% with effect from today, 1 February 2016. ATF price in Delhi was reduced by Rs 4,765.5 per kilolitre (kl) or 11.94% to Rs 35,126.82 per kilolitre.

Marico's consolidated net profit rose 23.7% to Rs 197.81 crore on 7.6% rise in total income to Rs 1573.36 crore in Q3 December 2015 over Q3 December 2014. The result was announced on Saturday, 30 January 2016.

Thermax's net profit fell 10.94% to Rs 67.86 crore on 7.07% decline in total income to Rs 1052.03 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours on Friday, 29 January 2016.

Thermax's order intake declined 29.31% to Rs 868 crore in Q3 December 2015 over Q3 December 2014. The order booking continues to face headwind due to subdued market conditions, Thermax said in a statement.

Shriram City Union Finance's net profit rose 21.93% to Rs 174.29 crore on 10.93% growth in total income to Rs 1001.09 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours on Friday, 29 January 2016.

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