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Page 958 - Business Finance

NCC consolidated net profit rises 74.17% in the December 2018 quarter

Sales rise 63.49% to Rs 3378.67 crore

Updated On : 13 Feb 2019 | 5:50 PM IST

DIL consolidated net profit rises 36.58% in the December 2018 quarter

Sales rise 13.56% to Rs 111.70 crore

Updated On : 13 Feb 2019 | 5:50 PM IST

Godrej Industries Q3 PAT jumps over two-fold to Rs 121.28 crore

Godrej Industries Wednesday reported over two-fold increase in consolidated profit after tax (PAT) to Rs 121.28 crore for the third quarter ended December 2018. The company had posted a net profit of Rs 50.54 crore in the corresponding period last fiscal. The total income went up by 19 per cent to Rs 2,576 crore in the quarter under review. It stood at Rs 2,169 crore in October-December of the previous fiscal, Godrej Industries said in a BSE filing. During the quarter, the overall expenses rose 17.43 per cent to Rs 2,579.58 crore, compared to Rs 2,196.54 crore. Godrej Industries shares closed 1.63 per cent lower at Rs 483 apiece on the BSE.

Updated On : 13 Feb 2019 | 5:40 PM IST

Natco Pharma shares decline nearly 5% after Q3 results

Shares of Natco Pharma fell nearly 5 per cent Wednesday after the company reported a 26.72 per cent fall in consolidated net profit for the December 2018 quarter. The company's stock dropped 4.68 per cent to close at Rs 635 on BSE. During the day, it plunged 6.88 per cent to Rs 620.30 -- its 52-week low. On the NSE, shares went down by 4.79 per cent to close at Rs 634.75. Drug firm Natco Pharma Tuesday reported a 26.72 per cent fall in consolidated net profit to Rs 159.3 crore for the December 2018 quarter, mainly on account of margin reduction of Oseltamivir in the US market. It had posted a net profit of Rs 217.4 crore for the corresponding quarter of the previous fiscal, Natco Pharma said in a filing to BSE. Consolidated total revenue of the company stood at Rs 580 crore for the quarter under consideration as against Rs 573.6 crore for the same period a year ago. "The decline in profits during the quarter compared to last year was predominantly due to margin reduction of ...

Updated On : 13 Feb 2019 | 5:40 PM IST

German investment funds attract net inflows of 117 billion euros in 2018

FRANKFURT (Reuters) - Investment funds in Germany posted net inflows of 117 billion euros ($132.39 billion) in 2018 despite turbulent stock markets, the German Investment Funds Association (BVI) said on Wednesday.

Updated On : 13 Feb 2019 | 5:36 PM IST

Ashwani Lohani appointed Air India CMD for second time

Former Railway Board chairman Ashwani Lohani has been appointed chairman and managing director (CMD) of Air India, according to an order issued by the government on Wednesday. This will be Lohani's second tenure as Air India chief. His appointment was approved by the Appointments Committee of the Cabinet on Wednesday, sources said. Lohani was appointed Railway Board chairman in August 2017 and retired in December 2018. Lohani, who holds a degree in Mechanical Engineering, was also ITDC chairman as well as the director of the Rail Museum in the capital.

Updated On : 13 Feb 2019 | 5:36 PM IST