Coal India's net profit jumped 89.66% to Rs 2320.61 crore on 62.86% rise in total income to Rs 2801.58 crore in Q4 March 2013 over Q4 March 2012. The company announced its Q4 results after market hours on Monday, 20 May 2013.
Divi's Laboratories' consolidated net profit fell 16.75% to Rs 180.57 crore on 7.94% decline in total income to Rs 665.10 crore in Q4 March 2013 over Q4 March 2012. The result was announced after market hours on Monday, 20 May 2013.
Divi's Laboratories' consolidated net profit rose 12.89% to Rs 602.01 crore on 14.04% growth in total income to Rs 2189.65 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).
Divi's Laboratories' said that in FY 2013, the addition to fixed assets amounted to Rs 248 crore. In addition, an amount of Rs 303 crore is carried forward as capital work in process (WIP) for the capital works under execution, the company said.
During the year, the company's unit-II facility was successfully inspected by TGA, Australia (GMP), USFDA for Nutraceutical facility, USFDA for API site (pre-approval and Cgmp), Slovenian Medicines Agency (EU GMP inspection for 7 APIs), Divi's Laboratories said in a statement.
Divi's Laboratories' board of directors at a meeting held on Monday, 20 May 2013, recommended dividend of Rs 15 per share for FY 2013.
JSW Energy will be watched after one of its promoters offered to sell 2.82 crore equity shares in the company through an offer for sale (OFS) route on the stock exchanges. The offer will open on Wednesday, 22 May 2013, at 9:15 IST and close on the same day at 15:30 IST. The company will declare the floor price for the share sale after trading hours on today, 21 May 2013. Promoters of JSW Energy held 76.72% stake in the company at the end of March 2013. According to Sebi norm, private sector listed companies need to have minimum 25% public shareholding by 30 June 2013.
DLF said that its equity issuance committee of the board allotted 8.10 crore equity shares to successful applicants at an issue price of Rs 230 per share, aggregating to Rs 1863.42 crore, under the institutional placement programme.
Hotel Leelaventure reported net loss of Rs 142.17 crore in Q4 March 2013, as against net profit of Rs 209.66 crore in Q4 March 2012. Total income from operations (net) rose 44.01% to Rs 200.63 crore in Q4 March 2013 over Q4 March 2012.
Hotel Leelaventure reported net loss of Rs 433.46 crore in the year ended 31 March 2013 (FY 2013), as against net profit of Rs 18.63 crore in the year ended 31 March 2012. Total income from operations (net) rose 14.34% to Rs 653.86 crore in FY 2013 over FY 2012.
On consolidated basis, Hotel Leelaventure reported net loss of Rs 433.49 crore in FY 2013, as against net profit of Rs 18.62 crore in FY 2012. Total income from operations (net) rose 14.34% to Rs 653.86 crore in FY 2013 over FY 2012. The operational profit before interest and depreciation has substantially increased to Rs 112.66 crore in FY 2013, from Rs 18.57 crore in FY 2012, a six fold surge YoY. The increase in the revenue and operating profit has come mainly from the The Leela Palace, Delhi which is steadily improving performance and from The Leela, Goa, the company said in a statement.
The Leela Palace, Chennai with 326 rooms commenced its operations in January 2013 and is expected to contribute significantly to the company's revenue and operational profit in FY 2014, Hotel Leelaventure said in a statement.
The company has a total debt of Rs 4602 crore as on 31 March 2013 mainly on account of capital expenditure incurred to set up the Udaipur, Delhi and Chennai hotels, apart from acquiring plots at Agra, Pune and Bangalore, next to The Leela Palace, Hotel Leelaventure said in a statement.
Hotel Leelaventure said it has met its debt service obligations to the lenders during the year, in line with the approved CDR package and is making all efforts to meet the debt service obligations in the current year also by monetization of the non-core assets and stake sale in one or two of its Hotel properties, retaining the operational management. Consequently, the interest burden would be substantially lower from FY 2014-15 onwards, the company said. Hotel Leelaventure said it has signed a Management Contract for managing hotel at Bhartiya City in Bangalore and a memorandum of understanding (MoU) for managing a hotel in Noida being developed by Supertech Group. The company said that it is in discussions with several other developers for managing their hotels in various locations in India and overseas. Hotel Leelaventure said it continues to follow this asset light strategy for future growth.
IFCI's net profit fell 31.61% to Rs 149.94 crore on 8.24% decline in total income to Rs 735.38 crore in Q4 March 2013 over Q4 March 2012. The result was announced after market hours on Monday, 20 May 2013.
IFCI's net profit fell 32.05% to Rs 450.87 crore on 3.18% decline in total income to Rs 2759.30 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).
On consolidated basis, IFCI's net profit declined 25.56% to Rs 532.78 crore on 1.84% growth in total income to Rs 3188.67 crore in FY 2013 over FY 2012.
IFCI's board of directors at a meeting held on Monday, 20 May 2013, recommended dividend of Re 1 per share for FY 2013.
Shriram City Union Finance's consolidated net profit surged 33.16% to Rs 125.61 crore on 37.91% growth in total income to Rs 841.14 crore in Q4 March 2013 over Q4 March 2012. The result was announced after market hours on Monday, 20 May 2013.
Shriram City Union Finance's consolidated net profit surged 32.93% to Rs 449.44 crore on 50.71% growth in total income to Rs 3099.93 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).
Shriram City Union Finance's board of directors at a meeting held on Monday, 20 May 2013, recommended final dividend of Rs 6 per share for FY 2013.
Omaxe after market hours on Monday, 20 May 2013 said it has fixed the floor price of Rs 148 per share for offer for sale (OFS) of shares by Promoter, Constellation Capital Ltd. and S.A. Finvest, forming part of the promoters and members of the promoter group of Omaxe. Constellation Capital Ltd and S.A. Finvest will offer up to 25 lakh equity shares each of Omaxe of face value of Rs 10 each held by them aggregating to 50 lakh equity shares representing 2.88% of the total paid up equity share capital of the company. The OFS will take place on a separate window of the BSE on Tuesday, 21 May 2013 from 9.15 IST to 15:30 IST on the same day.
Thomas Cook (India) after market hours on Monday, 20 May 2013 clarified to a media report that the company, as part of its strategy intent, consistently evaluated various operating models, which include consolidation of work places. In light of above, the company is continuously exploring opportunities that may arise due to changes in the market for this domain, and JLL is one of the parties the company has been in touch with, Thomas Cook (India) said. This clarification from Thomas Cook (India) comes in the wake of a media report on Monday, 20 May 2013 stating that the company was looking to monetize its land assets and has appointed JLL as its consultant.
Mahindra Lifespace Developers announced that foreign institutional investors' (FII) limit in the company has reached 28.25% on 17 May 2013. According to the Reserve Bank of India, FIIs can invest up to 30% in the company.
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