Page 2145 - Business Finance

Shanthi Gears standalone net profit rises 25.70% in the September 2018 quarter

Sales rise 9.43% to Rs 59.41 crore

Keltech Energies reports standalone net profit of Rs 0.27 crore in the September 2018 quarter

Sales rise 12.19% to Rs 46.77 crore

Capital First standalone net profit rises 332.90% in the September 2018 quarter

Sales rise 48.12% to Rs 1107.21 crore

Ruchira Papers standalone net profit rises 29.80% in the September 2018 quarter

Sales rise 24.97% to Rs 129.99 crore

Mahindra Lifespace Developers standalone net profit rises 72.71% in the September 2018 quarter

Sales decline 5.52% to Rs 71.58 crore

Betala Global Securities reports standalone nil net profit/loss in the September 2018 quarter

Sales reported at Rs 0.01 crore

Shriram Asset Management Co reports standalone net loss of Rs 0.94 crore in the September 2018 quarter

Sales rise 21.74% to Rs 0.28 crore

Panama Petrochem standalone net profit declines 38.44% in the September 2018 quarter

Sales decline 15.34% to Rs 234.94 crore

Poona Dal and Oil Industries standalone net profit declines 61.67% in the September 2018 quarter

Sales rise 9.77% to Rs 47.66 crore

Westlife Development reports standalone net loss of Rs 0.22 crore in the September 2018 quarter

Reported sales nil

Subros standalone net profit rises 57.89% in the September 2018 quarter

Sales rise 13.45% to Rs 564.03 crore

Diamines & Chemicals standalone net profit rises 32.27% in the September 2018 quarter

Sales rise 30.40% to Rs 11.11 crore

Coromandel International standalone net profit rises 5.16% in the September 2018 quarter

Sales rise 36.42% to Rs 5008.51 crore

Atul standalone net profit rises 69.86% in the September 2018 quarter

Sales rise 27.97% to Rs 1007.42 crore

Manappuram Finance to focus on MSME sector

Manappuram Finance Ltd, a listed non-banking finance company and a major in lending against gold, will diversify its business portfolio and focus on the micro, small and medium enterprises (MSME) sector, a top company official said here on Friday.

Yes Bank shares plunge 9%; m-cap drops Rs 4,076 cr post Q2 results

Shares of Yes Bank Friday ended sharply lower by almost 9 per cent after the company reported a decline of 3.8 per cent in net profit for the second quarter ended September 2018. The stock plummeted 8.97 per cent to close at Rs 180.55 on the BSE. Intra-day, it cracked 14.99 per cent to Rs 168.60. On the NSE, Yes Bank shares slumped 8.64 per cent to end at Rs 181.20. Its stock was the worst hit among the blue chips on both the key indices during the day. Led by sharp fall in the stock price, the company's market valuation dropped Rs 4,076.02 crore to Rs 41,727.98 crore on the BSE. In terms of equity volume, 84.45 lakh shares of the company were traded on the BSE and over 9 crore shares changed hands on the NSE during the day. Yes Bank Thursday reported a decline of 3.8 per cent in net profit to Rs 964.7 crore for the second quarter ended September 2018. The private sector lender had posted a net profit of Rs 1,002.73 crore in the year-ago period. Recently, the Reserve Bank refused to ..

Nifty, Sensex slide, end week nearly 3 percent lower

(Reuters) - Indian shares closed at a seven-month low on Friday, dragged by IT and banking stocks, in line with a worldwide sell-off amid worries over global trade and economic growth.

Capital First Q2 net trebles to Rs 105 cr on strong core income

Non-banking financial company (NBFC) Capital First Friday reported over three-fold jump in its consolidated net profit at Rs 104.60 crore in second quarter ended September, driven by strong core income. Company's net profit was at Rs 30.19 crore in the corresponding July-September period of 2017-18. Total income for the September quarter of 2018-19 rose to Rs 1,202.79 crore as against Rs 795.40 crore in the same period of previous fiscal, Capital First said in a regulatory filing. "The core income (net interest income plus fee income) of the company grew 49 per cent to Rs 695.2 crore in Q2 FY19, from Rs 467.2 crore in Q2 FY 18. The growth in income was primarily driven by higher net interest income, which grew 55 per cent to Rs 615.3 crore from Rs 398.9 crore in same quarter a year ago," it said in a statement. On a standalone basis, the net profit during the quarter ended September stood at Rs 86.18 crore as against Rs 19.91 crore a year ago period. Income rose to Rs 1,112.73 crore ..

Westlife Development Q2 net jumps five-fold to Rs 7.9 cr

Westlife Development, which owns Hardcastle Restaurants (HRPL), the master franchisee of McDonald's restaurants in west and south India, Friday reported over five-fold jump in net profit to Rs 7.9 crore in the quarter ended September. The net profit stood at Rs 1.2 crore in the same quarter last year. Revenues grew by 32.3 per cent to Rs 350.1 crore, compared with Rs 264.6 crore last year, the company said in a statement. It reported a strong same store sales growth (SSSG) of 25.7 per cent, posting positive growth for the 13th consecutive quarter, the statement added. Operating EBITDA grew by 40.9 per cent to Rs 28.56 crore and operating profit margins expanded by 50 basis points to 8.2 per cent, it said. During the quarter, the company launched the new rice platform and introduced two variants of rice meals. It aims to continue building on this platform, the statement said. It has also introduced whole wheat buns. "We made a bold move by launching the new rice platform .

Negative global cues pull equity indices 1% lower

Negative global cues, along with a depreciating domestic currency, pulled the Sensex down by 340 points on Friday and the NSE's Nifty50 closed slightly above the 10,000 mark.