Thermax's net profit fell 11.2% to Rs 115.32 crore on 12.8% decline in net sales to Rs 1448.73 crore in Q4 March 2013 over Q4 March 2012. Net profit fell 14% to Rs 349.96 crore on 11.7% decline in net sales to Rs 4631.85 crore in the year ended March 2013 over the year ended March 2012.
Thermax's order booking rose by 21% to Rs. 4859 crore in the year ended March 2013 over the year ended March 2012. Order booking stood rose 42.77% to Rs 1155 crore in Q4 March 2013 over Q4 March 2012. The order backlog on a consolidated basis rose 1.04% to Rs 4878 crore as on 31 March 2013 compared with the corresponding period in the previous year.
Tata Steel, State Bank of India and Bharat Heavy Electricals (Bhel) unveil Q4 results today, 23 May 2013.
NCC's consolidated net profit jumped 167.02% to Rs 12.31 crore on 1.11% decline in turnover to Rs 2032 crore in Q4 March 2013 over Q4 March 2012. The result was announced after market hours on Wednesday, 22 May 2013.
NCC's consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) surged 37.35% to Rs 239.25 crore in Q4 March 2013 over Q4 March 2012.
NCC's consolidated net profit rose 2.67% to Rs 56.38 crore on 4.54% growth in turnover to Rs 6968 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). EBITDA declined 8.34% to Rs 822.66 crore in FY 2013 over FY 2012.
NCC's total order book stood at Rs 18555 crore as of 31 March 2013.
NCC's board of directors at a meeting held on Wednesday, 22 May 2013, recommended dividend of 30 paise per share for FY 2013.
Puravankara Projects said that Ravi Puravankara, one of its promoters, has offered to sell up to 1.41 crore equity shares of the company through offer for sale (OFS) route on stock exchanges. The offer will open at 9:15 IST on Friday, 24 May 2013 and close on the same day at 3:30 IST. The floor price for the share sale will be informed after trading hours today, 23 May 2013.
Separately, the company proposes to issue up to 2.15 crore equity shares to institutional investors today, 23 May 2013. It has fixed the price band of Rs 80 to Rs 85 per share for the share sale. In case of oversubscription, the company has a right to allot an additional up to 21.56 lakh shares to eligible qualified institutional buyers (QIBs). The company is selling shares to meet the Securities and Exchange Board of India's (Sebi) guidelines of minimum 25% public shareholding by 30 June 2013 for private sector listed companies. As on 31 March 2013, the promoters held 89.96% stake in the company.
Bharti Airtel turns ex-dividend today, 23 May 2013, for final dividend of Re 1 per share for the financial year ended 31 March 2013 (FY 2013).
Yes Bank turns ex-dividend today, 23 May 2013, for final dividend of Rs 6 per share for the financial year ended 31 March 2013 (FY 2013).
Ashoka Buildcon turns ex-dividend today, 23 May 2013, for final dividend of Rs 2 per share for the financial year ended 31 March 2013 (FY 2013).
Goodyear India turns ex-dividend today, 23 May 2013, for dividend of Rs 7 per share for the year ended 31 December 2012.
Mcleod Russel India said that its wholly-owned subsidiary, Borelli Tea Holdings, has set up a company in Kenya by the name of McLeod Russel Africa, which was granted certificate of incorporation on 20 May 2013. Initially, the company proposes to engage itself in tea trading activities in Africa, the company said in a statement.
Shares of Jet Airways India will be watched after media reports suggested that Sebi has written to Jet Airways India, raising questions over parts of the agreement signed by the Indian carrier with Etihad Airways last month as they appear to confer substantial management rights to the Middle-Eastern airline. Sebi's concerns might lead to a reworking of the over Rs 2000 crore deal to secure regulatory approval.
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