Published On: Fri, May 15th, 2015

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JK Tyre & Industries  on Thursday reported over two-fold rise in consolidated net profit at Rs 106 crore for the fourth quarter ended March 31 on product launches across categories and improvement in operational efficiencies. The company, which aspires to be among the top 15 tyre makers globally by 2020, had posted a net profit of Rs 44.95 crore during the same period of previous fiscal. Net sales of the company, however, declined to Rs 1,789.49 crore for the fourth quarter, as against Rs 1,895.62 crore in the same period of previous fiscal. Jubilant FoodWorks , which operates Domino’s Pizza and Dunkin Donuts chains in India, today reported a 26.37 percent jump in standalone net profit at Rs 31.53 crore for the quarter ended March 31, 2015. The company had posted a net profit of Rs 24.95 crore in the same period previous fiscal. Net sales rose by about 25 percent to Rs 542 crore during the fourth quarter of the 2014-15 fiscal, as against Rs 433.65 crore in the year-ago period, the company said in a filing to the BSE. For the year ended March 31, 2015 the company posted a six percent fall in consolidated net profit at Rs 111.08 crore as against Rs 118.24 crore in previous fiscal. Net sales jumped by about 21 percent to Rs 2,092.38 crore from Rs 1,736 crore in the period under review. The board has recommended a dividend of Rs 2.5 per equity share of Rs 10 each for the 2014-15 fiscal subject to approval of shareholders.  Manappuram Finance   on Thursday reported a robust 115 percent jump in net profit at Rs 69.68 crore in the fourth quarter ended March 31. The gold loan NBFC’s net profit stood at Rs 32.37 in the same period of last year. Total income increased from Rs 457.43 crore for the quarter ended March 31, 2014 to Rs 500.84 crore in the corresponding period, the company said in a statement. Net profit for the year ended March 31 went up to Rs 271.31 crore, up 20 percent as compared to Rs 225.98 crore reported in FY14. Operating income for the year stood at Rs 1,986.42 crore, down 5.4 percent from Rs 2,100.46 crore recorded in the previous fiscal. Profit before tax (PBT) was up by 20.6 percent to Rs 413.67 crore from Rs 343.03 crore in the previous year. Provision towards income tax stood at Rs 142.19 crore (Rs 117.04 crore), it said. As per the consolidated results, the Group has posted a net profit of Rs 271.31 crore for the year ended March 31 as compared to Rs 225.98 crore in FY14. Total income dropped from Rs 2,111.82 crore in the year ended March 31, 2014 to Rs 1,993.42 crore for the year ended March 31, 2015. Bank of Maharashtra   on Thursday reported almost two-fold jump in net profit at Rs 112.72 crore during the fourth quarter of 2014-15 fiscal on higher income from treasury, corporate and wholesale banking. The bank had posted a net profit of Rs 56.95 crore in the same quarter of last year, it said in the BSE filing. Total income rose to Rs 3,598.89 crore during the fourth quarter of the 2014-15 fiscal from Rs 3,372.48 crore in the year-ago period. The bank’s asset quality continued deteriorating with gross non-performing assets (NPAs) or bad loans rising to 6.33 percent of gross advances during the last quarter of 2014-15 fiscal, as against 3.16 percent a year ago. Net NPAs also doubled to 4.19 percent from 2.03 percent, while the bank’s provisioning rose to Rs 431.91 crore as against Rs 257.35 crore in the said period. For the 2014-15 fiscal, the bank reported a net profit of Rs 450.69 crore as against Rs 385.97 crore in the previous year. Total income rose to Rs 13,671.42 crore from Rs 12,850.85 crore in the said period. Amtek Auto   reported poor fourth quarter in FY15 year on year. Revenue rises by 4 percent at Rs 954.7 crore versus Rs 995 crore. EBITDA rises by 18.2 percent at Rs 255.2 crore versus Rs 312.2 crore. OPM at 26.7 percent versus 31.4 percent. PAT down by 53 percent at Rs 130 crore versus Rs 84.8 crore. Metalyst Forging sees a weak fourth quarter in FY15 Year on Year. Revenue rises by 3.5 percent at Rs 578.1 crore versus Rs 599.1 crore. EBITDA at Rs 124.5 crore versus Rs 158.2 crore. OPM at 21.5 percent versus 26.4 percent. Net Loss of Rs 6.8 crore versus Profit of Rs 55.5 crore. Big jump in interest costs hits profitability. Interest costs rises by 90 percent at Rs 87.2 crore versus Rs 45.9 crore. VIP  sees standalone fourth quarter below estimates in FY15 Year on year. Total Income down by 8.2 percent at Rs 246 crore versus Rs 228 crore. EBITDA down by 0.7 percent at Rs 13.7 crore versus Rs 13.6 crore. Operating Profit Margins Rises 40 bps at 5.6 percent versus 6.0 percent. Profit After Tax rises by 58.1 percent at ` 8.8 crore versus Rs 21.0 crore. MCX India   reported a mixed bag in its fourth quarter in FY15 year on year. Revenue rises by 8 percent at Rs 59 crore versus Rs 64 crore. Year on Year: Decreases by 14 percent, Quarter on Quarter: Down by 3 percent. EBITDA rises 20 percent at Rs 33.4 crore versus Rs 41.7 crore. EBIDTA Margin at 56.6 percent versus 65.3 percent. Profit After Tax down by 13 percent at Rs 49.3 crore versus Rs 43.75 crore. Other expenses at Rs 7.7 crore versus Rs 18.2 crore. Settlement guarantee fund: writeback of Rs 17.1 crore in Q3. To pay Rs 10/share dividend, same as that for FY14. Ranbaxy  sued by Meijer Inc in a district court in US. Allegations of manipulating US FDA data. Company filed ‘grossly inadequate’ applications seeking drug approvals. Company deceived US FDA into granting approvals. Suit also names Sun Pharma  . GSFC   sees a consolidated weak quarter in FY15 year on year. Revenues rises by 15 percent at Rs 1,290 crore versus Rs 1,518 crore. EBITDA rises by 49 percent at Rs 102 crore versus Rs 198 crore. EBITDA Margins at 7.9 percent versus 13 percent. Net Profit risrs by 52 percent at Rs 64.5 crore versus Rs 134 crore. Total Expenses rises by 11 percent at Rs 1,211 crore versus Rs 1,358 crore. Material Costs down by 16 percent at Rs 676 crore versus Rs 809 crore. Other Income rises by 44 percent at Rs 27 crore versus Rs 48 crore.

 

 

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