Page 2035 - Business Finance

Deco-Mica standalone net profit declines 41.27% in the September 2018 quarter

Sales decline 16.95% to Rs 13.62 crore

Ugar Sugar Works reports standalone net loss of Rs 29.08 crore in the September 2018 quarter

Sales decline 26.00% to Rs 153.82 crore

Kallam Textiles standalone net profit rises 552.78% in the September 2018 quarter

Sales rise 16.43% to Rs 75.98 crore

Simplex Castings standalone net profit declines 89.47% in the September 2018 quarter

Sales rise 53.61% to Rs 52.95 crore

Terraform Magnum reports standalone net loss of Rs 0.01 crore in the September 2018 quarter

Reported sales nil

Haryana Leather Chemicals standalone net profit rises 8.33% in the September 2018 quarter

Sales rise 6.99% to Rs 8.73 crore

Ester Industries reports standalone net profit of Rs 7.29 crore in the September 2018 quarter

Sales rise 40.21% to Rs 276.41 crore

Whirlpool of India standalone net profit rises 6.94% in the September 2018 quarter

Sales rise 1.88% to Rs 1181.50 crore

Saregama India standalone net profit rises 235.43% in the September 2018 quarter

Sales rise 63.89% to Rs 138.42 crore

Godrej Consumer Products consolidated net profit rises 59.62% in the September 2018 quarter

Sales rise 5.80% to Rs 2641.79 crore

Alkem Laboratories consolidated net profit declines 20.47% in the September 2018 quarter

Sales rise 3.22% to Rs 1918.92 crore

Sonata Software consolidated net profit rises 37.08% in the September 2018 quarter

Sales rise 38.94% to Rs 593.07 crore

Zydus Wellness consolidated net profit rises 14.19% in the September 2018 quarter

Sales rise 11.87% to Rs 138.21 crore

BSE Q2 profit slumps 31 pc to Rs 46 cr

Leading stock exchange BSE on Friday reported 31.4 per cent slump in consolidated net profit at Rs 45.85 crore for the September quarter of 2018-19. The exchange had posted a net profit of Rs 66.83 crore in the same quarter of 2017-18, BSE (formerly known as Bombay Stock Exchange) said in a regulatory filing to the NSE. The firm's total income declined to Rs 164.05 crore during the quarter under review from Rs 169.17 crore in the year-ago period. On standalone basis, BSE reported 15.6 per cent drop in net profit at Rs 53.03 crore, while total income slipped 1.2 per cent to Rs 152.47 crore for the second quarter of 2018-19. BSE forayed into the commodity derivatives segment on October 1, with the launch of gold and silver futures contracts. In addition, the exchange along with PTC India and ICICI Bank filed a petition with Central Electricity Regulatory Commission (CERC) in September for grant of licence for setting up a new power exchange. "BSE has become the first universal exchange .

Indian firms upbeat on local & global opportunities: Survey

Indian firms are upbeat on local and global opportunities, with 96 per cent having positive outlook on the international trading environment, according to a survey. While 94 per cent companies are upbeat about their growth prospects, a similar majority, 97 per cent, of Indian businesses are bullish about the growth opportunities, global banking giant HSBC said in its 'Navigator' survey. Indian companies were found to be significantly more optimistic about the above three factors than the global average of global trading environment (78 per cent), market (76 per cent) and for their own company (77 per cent). The three key drivers of growth of trade for Indian firms, according to the survey, are greater use of technology (41 per cent), increasing demand for their products (34 per cent) and growth of e-commerce (33 per cent). Further, optimism amongst Indian firms about growth prospects of their own company is largely driven by an expectation of global economic growth (46 ..

Atal Pension Yojana subscription crosses 1.24 crore

The government on Friday said the number of subscribers to Atal Pension Yojana (APY), targeted at the unorganized sector, has crossed 1.24 crore mark with 27 lakh new subscribers joining in the current financial year.

Ujjivan Small Finance Bank eyes deposit base of Rs 6000 cr

Ujjivan Small Finance Bank (SFB), a subsidiary of the listed entity Ujjivan Financial Services, was eyeing a deposit base of Rs 6000 crore by the end of the current financial year, its CEO Samit Ghosh said on Friday. Presently, the deposit base (both retail and bulk) of the SFB stood at Rs 4000 crore. Ghosh said that bulk deposits were solicited from FIs, cooperative banks, schools, trusts and trade associations. "After starting small finance banking operations almost two years back, we are having now 400 bank branches, both urban and rural. This will go up to 500 by the year end," Ghosh told reporters. He said that demonetisation had impacted performance in the last two years quite significantly. "We have now surpassed that situation and the last two quarters of the current fiscal witnessed moderate growth," he added. From this quarter, average monthly disbursements would around Rs 1000 crore, he said, adding the SFB would roll out personal and two-wheeler loans. To a ..

Alibaba quarterly revenue falls short of estimates

(Reuters) - China's Alibaba Group Holding Ltd reported lower-than-expected second-quarter revenue on Friday, another sign of slowing momentum for China's giant e-commerce platforms and its economy.

Sundaram Finance clocks marginal rise in 2qtr net profits

Sundaram Finance has clocked a marginal rise in its net profits for the quarter ending September 30, 2018 to Rs 154 crore, the city based company said Friday. The non-banking finance company had clocked net profits at Rs 153 crore during corresponding quarter of previous year. For the half year ending September 30, 2018 net profits of the company grew by 11 per cent, to Rs 295 crore from Rs 265 crore registered during year ago period. Loan disbursements for the quarter ending September stood at Rs 4,263 crore, as against Rs 3,797 crore clocked corresponding quarter of previous year. For the six-month period ending September 30, 2018, loan disbursements grewby 15 per cent to Rs 8,325 crore as compared to Rs 7,217 crore registered year ago. On the financial performance, Managing Director TT Srinivasaraghavan said, "While asset growth and asset quality remained strong, margins came under some pressure during the quarter (ending September 30, 2018)." Sundaram Finance Group ...

Sensex soars 580 pts to reclaim 35k-mark on rupee rally, global cues; auto, fin stocks sparkle

Benchmark Sensex surged almost 580 points to end at a one-month high of 35,011.65 Friday as the rupee staged a sharp upmove amid a resounding rally in global equities. Trading sentiment got a boost after Asian and European markets soared on easing concerns over the US-China trade war, while global crude oil prices eased. Back home, the rupee gained a massive 95 paise to trade at 72.50 per dollar (intra-day), which added to the momentum, brokers said. The 30-share Sensex got off to a strong start at 34,743.95 points and reclaimed the 35,000-mark to hit a high of 35,190.20 but profit-booking trimmed the gains. It finally settled 579.68 points, or 1.68 per cent, higher at 35,011.65. This is its highest closing since October 4, when it had finished at 35,169.16. The NSE Nifty leaped 172.55 points, or 1.66 per cent, to 10,553 after touching a high of 10,606.95 during the session. On a weekly basis, both the Sensex and Nifty halted their two-week losing streak by surging 1,662.34 points or .