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Indiabulls Housing Finance may slide after poor Q1 result

Indiabulls Housing Finance's consolidated net profit dropped 24.01% to Rs 801.53 crore on 4.55% fall in total income to Rs 3886.12 crore in Q1 June 2019 over Q1 June 2018. The announcement was made after market hours yesterday, 6 August 2019.

Reliance Industries (RIL) and BP announced that they have agreed to form a new joint venture that will include a retail service station network and aviation fuels business across India. Building on Reliance's existing Indian fuel retailing network and an aviation fuel business, the partners expect the venture to expand rapidly to help meet the country's fast-growing demand for energy and mobility. The announcement was made after market hours yesterday, 6 August 2019.

L&T said that L&T Construction has secured a mega contract for design and construction of a major airport. The project involves baggage handling systems, passenger boarding bridges, airport security systems, visual docking guidance systems, vertical horizontal transportation, airfield ground lighting, mechanical, electrical and plumbing works. This will increase the existing capacity to 40 Million Passenger Per Annum (40MPPA). The announcement was made after market hours yesterday, 6 August 2019.

Cipla, HCL Technologies, Mahindra & Mahindra (M&M) and Tata Steel will announce their Q1 June 2019 results today, 7 August 2019.

JSW Energy's consolidated net profit rose 6.64% to Rs 244.38 crore on 2.02% rise in total income to Rs 2,489.55 crore in Q1 June 2019 over Q1 June 2018. The announcement was made after market hours yesterday, 6 August 2019.

IRB Infrastructure Developers's consolidated net profit fell 22.1% to Rs 55.33 crore on 5.47% fall in total income to Rs 916.54 crore in Q1 June 2019 over Q1 June 2018. The announcement was made after market hours yesterday, 6 August 2019.

Nilkamal's consolidated net profit fell 7.5% to Rs 31.07 crore on 8.29% fall in total income to Rs 540.04 crore in Q1 June 2019 over Q1 June 2018. The announcement was made after market hours yesterday, 6 August 2019.

JK Lakshmi Cement's consolidated net profit surged 723.31% to Rs 49.81 crore on 8.29% rise in total income to Rs 1141.92 crore in Q1 June 2019 over Q1 June 2018. The announcement was made after market hours yesterday, 6 August 2019.

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