Nestle, Piramal Enterprises, Tata Chemicals to be watched

Nestle India will declare result for the quarter ended 31 March 2020.

Consolidated net loss of Piramal Enterprises was Rs 1701.93 crore in the quarter ended March 2020 as against net profit of Rs 455.25 crore during the previous quarter ended March 2019. Sales declined 1.98% to Rs 3341.00 crore in the quarter ended March 2020 as against Rs 3408.52 crore during the previous quarter ended March 2019.

Tata Chemicals said the company has resumed the operations at its manufacturing facilities located at Mambattu-Nellore (Andhra Pradesh), Sriperumbudur (Tamil Nadu) and Cuddalore (Tamil Nadu).

Consolidated net profit of Godrej Agrovet declined 34.40% to Rs 74.58 crore in the quarter ended March 2020 as against Rs 113.69 crore during the previous quarter ended March 2019. Sales rose 7.39% to Rs 1490.35 crore in the quarter ended March 2020 as against Rs 1387.85 crore during the previous quarter ended March 2019.

Ashok Leyland said that the meeting of the board of directors of the company is scheduled on 14 May 2020 to consider and approve secured, rated, listed, redeemable Non Convertible Debentures aggregating to Rs 300 crore with a green-shoe option of Rs 200 crore on private placement basis, in one or more tranches/series.

Seamec said that the company's subject vessel 'SEAMEC PRINCESS' has been contracted with L&T Hydrocarbon Engineering for working at Mumbai High Offshore. The tenure of the contract is for a firm period of 20 days with option for extension. The aggregate Value of Contract is about Rs 8.07 crore.

Century Plyboards said the company has partially resumed operations at some of its manufacturing locations, warehouses, and offices wherein lockdown restrictions have been eased.

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