Page 405 - Business Finance

Apollo Tyres profits skid 66 pc to Rs 84 crore in March quarter of FY19

Onkar Kanwar-led Apollo Tyres on Thursday reported 66 per cent fall in profit after tax of Rs 84 crore compared to Rs 250 crore in the fourth quarter of 2018-19 compared to the same period a year ago.The loss was mainly due to the high raw material prices and the write-off for IL & FS, the company said in a statement.Net sales of the company grew by 5 per cent year-on-year to Rs 4,176 crore during the quarter as against Rs 3,982 crore in the same quarter of last year.Both Indian and European operations continued with their growth momentum, registering double digit revenue growth led by a strong performance in the commercial vehicle segment in India and the passenger vehicle category in Europe.Apollo Tyres holds unsecured, short term inter-corporate deposit of Rs 200 crore with IL & FS Financial Services. The deposit was due for maturity on October 22 last year but IL & FS defaulted on its repayment. The entire amount of Rs 200 crore has been written off, of which Rs 100 ...

CONCOR to invest up to Rs 8,000 cr in next 5 yrs to develop dry ports, distribution logistic centres

State-owned Container Corporation of India (CONCOR) Thursday said it will pump in up to Rs 8,000 crore in the next five years to develop dry ports and distribution logistics centres across the country. "We are coming up with 20 distribution logistics centres and 100 dry ports. We are already operating 83 (dry ports) and we will make it 100. The 20 distribution logistics centres will be connected to 100 (dry ports). Total investment in the next five years will be Rs 6,000-Rs 8,000 crore," CONCOR Chairman and Managing Director V Kalyana Rama said during an event here. Container Corporation of India is a navratna company under the Ministry of Railways. CONCOR inaugurated its first distribution logistics centre at Ennore, Chennai, in Tamil Nadu in March. "So, there will be around 120 centres which will be connected as a network to provide these distribution logistics services for entire India. We will be able to give some reduction in the logistics cost," he added. The company, he said, ..

Gold rises for second day on positive overseas trend

Extending its upward movement for the second straight day, gold prices Thursday rose by Rs 40 to Rs 32,890 per 10 gram at the bullion market here due to increased buying from jewellers amid a firm trend overseas, according to the All India Sarafa Association. Silver, however, stood steady at Wednesday's level of Rs 38,220 per kg. Besides the rise in demand from local jewellers, sentiment remained upbeat due to the trade tensions between the US and China ahead of crucial talks between the countries, boosting gold's safe-haven appeal. Trade talks are due to be held on May 9-10 in Washington between trade delegations headed by Chinese Vice Premier Liu He and US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin. Globally, spot gold was trading higher at USD 1,284.70 an ounce, while silver stood steady at USD 14.90 an ounce in New York. In the national capital, gold of 99.9 per cent and 99.5 per cent purity surged by Rs 40 each to Rs 32,890 and Rs 32,720 per .

Pranavaditya Spinning Mills appoints an Additional Non-Executive Independent Director

W.e.f. 08 May 2019

Simplex Papers reports standalone net loss of Rs 0.03 crore in the March 2019 quarter

Reported sales nil

Trinity League India standalone net profit declines 14.29% in the March 2019 quarter

Sales decline 22.22% to Rs 0.63 crore

Indraprastha Medical Corporation standalone net profit rises 27.96% in the March 2019 quarter

Sales rise 5.51% to Rs 200.42 crore

JK Paper standalone net profit rises 52.49% in the March 2019 quarter

Sales rise 7.26% to Rs 806.76 crore

Dutron Polymers standalone net profit declines 44.00% in the March 2019 quarter

Sales decline 37.37% to Rs 23.53 crore

Artson Engineering reports standalone net profit of Rs 1.79 crore in the March 2019 quarter

Sales rise 30.29% to Rs 60.87 crore

Emami Paper Mills standalone net profit rises 3.90% in the March 2019 quarter

Sales decline 9.66% to Rs 359.10 crore

JMC Projects (India) standalone net profit rises 42.07% in the March 2019 quarter

Sales rise 29.66% to Rs 937.49 crore

Shriram Transport Finance Company standalone net profit declines 22.43% in the March 2019 quarter

Sales rise 9.20% to Rs 3871.27 crore

Uttam Value Steels reports standalone net loss of Rs 164.72 crore in the March 2019 quarter

Sales decline 8.77% to Rs 590.47 crore

K E C International consolidated net profit rises 1.25% in the March 2019 quarter

Sales rise 4.88% to Rs 3841.17 crore

Titan Company consolidated net profit rises 12.24% in the March 2019 quarter

Sales rise 18.82% to Rs 4823.49 crore

Simplex Realty reports consolidated net loss of Rs 0.40 crore in the March 2019 quarter

Sales decline 94.42% to Rs 0.30 crore

Artemis Global Life Sciences reports standalone net profit of Rs 0.15 crore in the March 2019 quarter

Sales reported at Rs 0.10 crore

JSW Holdings standalone net profit declines 1.32% in the March 2019 quarter

Sales decline 3.67% to Rs 11.82 crore

Tata Communications reports standalone net loss of Rs 606.82 crore in the March 2019 quarter

Sales rise 5.87% to Rs 1422.38 crore