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M&M in focus on declaring Q3 December 2019 results

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Mahindra & Mahindra reported 84.74% fall in consolidated net profit to Rs 199.94 crore on 4.29% fall in total income to Rs 25644.35 crore in Q3 December 2019 over Q3 December 2018.

Britannia Industries reported 23.92% rise in consolidated net profit to Rs 372.63 crore on 5.02% rise in total income to Rs 3048.16 crore in Q3 December 2019 over Q3 December 2018. During this phase of sluggish demand, the company continued to invest in enhancing brand equity through focused product campaigns.

Cipla said it has acquired 4 brands CPink, CDense, Productiv and Folinine, from Wanbury to further strengthen its presence in women's health. The nutraceutical products, to be sold under the 4 umbrella brands, would address various health needs for conditions arising due to nutritional deficiencies or insufficiencies

Tata Steel reported a consolidated net loss of Rs 1084.62 crore against a net profit of Rs 2283.98 crore on 9.40% fall in total income to Rs 35,655.77 crore in Q3 December 2019 over Q3 December 2018. Tata Steel Standalone developed 20 new products with applications ranging in automotive, consumer durables, tube manufacturing and construction; of these; 8 products were successfully commercialized.

NTPC reported 22.37% rise in consolidated net profit to Rs 3179.06 crore on 5.16% rise in total income to Rs 27,635.39 crore in Q3 December 2019 over Q3 December 2018.

Dr Reddy's said Curis, a biotechnology firm focusing on the development of innovative therapeutics for cancer treatment, has entered into an amendment of its collaboration, license and option agreement with Aurigene, a subsidiary of Dr Reddy's.

Yes Bank received shareholders' approval to increase authorised share capital to Rs 1,100 crore from Rs 800 crore.

Shareholders also approved raising up to Rs 10,000 crore via issuance of equity shares or other convertible securities. Last week, the bank had appointed global investment bank Cantor Fitzgerald and two domestic entities to execute its fundraising plans of $2 billion.

Hindustan Aeronautics (HAL) said the company and JSC Rosoboronexport signed an MoU during the ongoing DefExpo 2020. The MoU envisages export of spares and services to friendly countries for which license has been given to HAL. The scope will include Su-30 MKI, AL 31 FP engine, RD33 engines, accessories etc.

Ashok Leyland said the company, along with other investors, has entered into a Supplemental Share Purchase Agreement with Everfin Holdings, shareholder of Hinduja Leyland Finance to acquire 7% stake at Rs 119 per share.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 10 2020. 08:30 IST
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