M&M in focus ahead of Q1 results

Mahindra & Mahindra (M&M) is scheduled to announce Q1 June 2016 earnings today, 10 August 2016.

Container Corporation of India's (Concor) net profit fell 13.88% to Rs 178.48 crore on 6.17% decline in total income to Rs 1408.41 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 9 August 2016.

Power Finance Corporation's (PFC) net profit rose 8.64% to Rs 1712.55 crore on 5.91% rise in total income to Rs 7158.66 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 9 August 2016.

PFC's board of directors gave in-principle approval for the merger of PFC Green Energy (PFC GEL), a wholly owned subsidiary of the company with PFC.

JK Tyre & Industries' consolidated net profit declined 14.35% to Rs 100.26 crore on 0.88% growth in total income to Rs 1786.77 crore in Q1 June 2016 over Q1 June 2015. The results for Q1 June 2016 includes working of Cavendish Industries acquired on 13 April 2016 which restarted its operations in mid May 2016. Therefore, results for the quarter are not comparable with previous period. The result was announced after market hours yesterday, 9 August 2016.

Indian Overseas Bank (IOB) reported net loss of Rs 1450.50 crore in Q1 June 2016 compared with net profit of Rs 14.76 crore in Q1 June 2015. Total income declined 12.04% to Rs 5868.44 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 9 August 2016.

UCO Bank reported net loss of Rs 440.56 crore in Q1 June 2016 compared with net profit of Rs 256.70 crore in Q1 June 2015. Total income declined 8.53% to Rs 4727.93 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 9 August 2016.

Natco Pharma's consolidated net profit rose 69.75% to Rs 47.65 crore on 46.48% rise in total income to Rs 330.38 crore in Q1 June 2016 over Q1 June 2015. The growth in profit for the company was predominantly driven by increased sales of its oncology and hepatitis C products in India. The result was announced at the close of market hours yesterday, 9 August 2016.

Kennametal India's net profit slumped 54.65% to Rs 7.20 crore on 1.91% decline in net total income from operations to Rs 154.79 crore in Q4 June 2016 over Q4 June 2015. The result was announced after market hours yesterday, 9 August 2016.

Bharat Financial Inclusion announced that the company's President S. Dilli Raj is on leave for two months due to personal reasons. During his absence, M. R. Rao, Managing Director & CEO, will additionally oversee his functions. The announcement was made after market hours yesterday, 9 August 2016.

HCL Technologies turns ex-dividend today, 10 August 2016 for interim dividend of Rs 6 per share for the year ending 31 March 2017 (FY 2017).

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