Stocks in news: HDIL, Grasim, Adani Ent, Balkrishna Ind, Welspun

Sobha Q1-Net profit down 1.7 percent at Rs 36.7 crore versus Rs 36.1 crore (YoY)-Total income up 30.8 percent at Rs 580.1 crore versus Rs 443.6 crore (YoY)-EBITDA up 1.3 percent at Rs 102.8 crore versus Rs 101.5 crore (YoY)-EBITDA margin at 17.7 percent versus 22.9 percent (YoY)-Board approves buyback of 22.8 million shares (2.32 percent equity) at Rs 330/share

Parsvnath Developers Q1-Net profit unchanged at Rs 4.6 crore (YoY)-Total income down 35.4 percent at Rs 86.7 crore versus Rs 134.2 crore (YoY)-EBITDA up 38.6 percent at Rs 40.6 crore versus Rs 29.3 crore (YoY)-EBITDA margin at 46.8 percent versus 21.8 percent (YoY)

Balkrishna Industries Q1-Net profit up 46.8 percent at Rs 149.1 crore versus Rs 101.6 crore (YoY)-Total income up 8.4 percent at Rs 928.1 crore versus Rs 855.9 crore (YoY)-EBITDA at Rs 260.1 crore versus Rs 109.9 crore (YoY)-EBITDA margin at 28 percent versus 12.8 percent (YoY)

Jaiprakash Associates Q1-Net loss at Rs 603 crore versus loss of Rs 482.4 crore (YoY)-Total income down 27.1 percent at Rs 1,735 crore versus Rs 2,380.6 crore (YoY)-EBITDA down 29.5 percent at Rs 213.6 crore versus Rs 303 crore (YoY)-EBITDA margin at 12.3 percent versus 12.7 percent (YoY)-Finance cost down 6.6 percent at Rs 869.7 crore versus Rs 931.6 crore (YoY)

Gujarat Gas Q1-Net profit up 10 percent at Rs 75.9 crore versus Rs 69 crore (QoQ)-Total income down 11.1 percent at Rs 1,224.8 crore versus Rs 1,378.2 crore (QoQ)-EBITDA up 0.3 percent at Rs 221 crore versus Rs 220.3 crore (QoQ)-EBITDA margin at 18 percent versus 16 percent (QoQ)

Gujarat State Petronet (GSPL) Q1-Net profit up 7.5 percent at Rs 121.3 crore versus Rs 112.8 crore (YoY)-Total Income down 0.4 percent at Rs 258.1 crore versus Rs 259.1 crore (YoY)-EBITDA up 2.8 percent at Rs 233.3 crore versus Rs 227 crore (YoY)-EBITDA margin at 90.4 percent versus 87.6 percent (YoY)

Zee Media Q1-Consolidated net profit at Rs 0.1 crore versus loss of Rs 6.4 crore (YoY)-Consolidated total income down 5.2 percent at Rs 128.2 crore versus Rs 135.3 crore (YoY)-Consolidated EBITDA up 14.9 percent at Rs 17.7 crore versus Rs 15.4 crore (YoY)-Consolidated EBITDA margin at 13.8 percent versus 11.4 percent (YoY)

Lanco Infratech Q1-Consolidated net loss at Rs 448.9 crore versus loss of Rs 316.3 crore (YoY)-Consolidated total income up 10.1 percent at Rs 1,728 crore versus Rs 1,569.5 crore (YoY)-Consolidated EBITDA up 52.7 percent at Rs 484.6 crore versus Rs 317.3 crore (YoY)-Consolidated EBITDA margin at 28 percent versus 20.2 percent (YoY)-Finance cost up 13.4 percent at Rs 715.5 crore versus Rs 631.1 crore (YoY)-Forex loss at Rs 113.9 crore versus forex gain of Rs 36.2 crore (YoY)

JMT Auto Q1-Net profit down 35.3 percent at Rs 1.1 crore versus Rs 1.7 crore (YoY)-Total income down 4.1 percent at Rs 81.3 crore versus Rs 84.8 crore (YoY)-EBITDA up 8.1 percent at Rs 13.4 crore versus Rs 12.4 crore (YoY)-EBITDA margin at 16.5 percent versus 14.6 percent (YoY)-JMT Auto sets September 22 as record date for stock split

Titagarh Wagons Q1-Net profit at Rs 3.7 crore versus Rs 1.7 crore (YoY)-Total income up 20.4 percent at Rs 69.7 crore versus Rs 57.9 crore (YoY)-EBITDA at Rs 4.5 crore versus EBITDA loss of Rs 0.2 crore (YoY)-Other income down 36.8 percent at Rs 4.8 crore versus Rs 7.6 crore (YoY)

Responsive Industries Q1-Consolidated net profit up 39.2 percent at Rs 7.1 crore versus Rs 5.1 crore (YoY)-Consolidated total income down 15.8 percent at Rs 521 crore versus Rs 619 crore (YoY)-Consolidated EBITDA down 15.7 percent at Rs 46.2 crore versus Rs 54.8 crore (YoY)-Consolidated EBITDA margin unchanged at 8.9 percent (YoY)-Other income at Rs 11.1 crore versus Rs 5.2 crore (YoY)

Man Industries Q1-Net profit down 46.9 percent at Rs 9.3 crore versus Rs 17.5 crore (YoY)-Total income down 24.5 percent at Rs 306 crore versus Rs 405.5 crore (YoY)-EBITDA down 59.3 percent at Rs 13.1 crore versus Rs 32.2 crore (YoY)-EBITDA margin at 4.3 percent versus 7.9 percent (YoY)

National Fertilizers Q1-Net loss at Rs 0.6 crore versus loss of Rs 10.2 crore (YoY)-Total income down 11.4 percent at Rs 1375.7 crore versus Rs 1552.8 crore (YoY)-EBITDA up 34 percent at Rs 85.2 crore versus Rs 63.6 crore (YoY)-EBITDA margin at 6.2 percent versus 4.1 percent (YoY)

L&T Technology Services IPO-Opens on September 12, closes on September 15-Price band at Rs 850-860/share-Issue size Rs 894.4 crore-Company raises Rs 268 crore from anchor investors at Rs 860/share

Maruti Suzuki clarifies on stock split-Number of shareholders at AGM raised request for stock split-Chairman RC Bhargava acknowledged shareholders' request-Chairman Bhargava said shareholders' request will be conveyed to the board-No opinion, indication or assurance was given on subject of request

Vedanta Resources chairman Anil Agarwal says-Vedanta India shareholders approve Cairn India-Vedanta merger-Got 100 percent approval from Vedanta shareholders for merger-Merger moving in the right direction-Have made a presentation to Cairn Energy about benefits of merger-Can't speak for Cairn India shareholders just yet-Have done everything minority shareholders wanted-No scope for further reworking of merger contours

SBI chairperson Arundhati Bhattacharya says-Merger of associates is going as per plan-Don't see a reason why any of our employees would oppose the merger-Will not be closing down any branches post merger, will merely relocate-Will divest Rs 3,000 crore worth non-core assets this fiscal

Welspun India-Will continue to do business with Walmart-Affected products represent 6 percent of annual business-Product line with Walmart accounts for 1.5 percent of annual business

HDFC-Completes 2nd issue of rupee denominated bonds worth Rs 500 crore-HDFC Ergo completes acquisition of L&T General Insurance for Rs 551 crore

Cairn Barmer extension case-Government assures Delhi HC final decision to be taken by October 14Alert: In July, ONGC said it was not opposed to a 10-year extension being given

Jain Irrigation-Unit NaanDanJain signs 18.7 million euro pact with Eritrea Ministry Of Agriculture-Unit NaanDanJain to supply solar powered drip irrigation systems-Eritrea project to be executed in the next 18 months

Tata Motors Group's August global sales-Wholesales up 16 percent at 86,288 units (YoY)-Passenger vehicle wholesales up 25 percent at 56,104 units (YoY)-Commercial vehicle wholesales flat at 30,184 units (YoY)-JLR wholesales at 42,260 units-Jaguar wholesales at 13,038 units-Land Rover wholesales at 29,222 units

Tata Power-Partners with ICICI Venture to facilitate investment in power sector-To raise initial capital of USD 850 million to invest in power projectsICICI Bank-Invests 10 percent in the equity capital of Singapore-based Resurgent Power Ventures

Caplin Point-US FDA to inspect sterile injectible site near Gummidopoondi, Tamil Nadu-US FDA to make an inspection of Tamil Nadu unit in third week of October

CIMMCO-Board approves amalgamation of Titagarh Agrico with company-To issue 1 company share for every 5 Titagarh Agrico shares

Dilip Buildcon-Incorporates DBL Lucknow Sultanpur Highways Limited for road project in Uttar Pradesh-Project cost Rs 2,016 crore and first year operation & maintenance cost Rs 5 crore

Other stocks and sectors that are in news today:-L&T says have completed divestment of stake in L&T General Insurance to HDFC ERGO-Suprajit Engineering announces acquisition of Wescon Controls, USA-Tata Motors launches mini-truck SuperAce in Vietnam-Nelco incorporates wholly owned subsidiary Nelco Network Products in Maharashtra-Aditya Birla Fashion shareholders approve issuing non-convertible debentures (NCDs) of up to Rs 1,250 crore-Zuari Agro board decides to defer rights issue due to maket volatility-Mangalam Timber's commercial production of captive thermal power plant at Nabarangpur has commenced-Viji Finance approves stock split from Rs 10 to Re 1 per share-Eurotex Industries lifts lockout at Kolhapur Mill-Carewell Industries name changed to Trivikrama Industries-Hitachi Home and Life Solutions name changed to Johnson Controls-Hitachi Air Conditioning India-Trent to trade ex-split - 1:10-Minda Industries to trade ex-split - 1:5-Transport Corporation of India to be permitted under B group-Grasim approved increase in FII limit from 24 percent to 30 percent-Jaiprakash Associates & Jaiprakash Power Ventures subsidiary company – Bara Supercritical Thermal Power Project commences commercial operations-RPP Infra approved equity issue via QIP-Moschip to acquire entire stake of Eliteplus Semiconductor technologies, Maven Systems and Orange Semiconductor-Vipul approved early redemption of non-convertible debentures (NCDs) worth Rs 47 crore-Jubilant Foodworks - 500 outlets of Dominos to turn veg: ET-DLF to invest Rs 500 crore in Chennai IT Park: BS-Vodafone/BSNL ink 2G intra circle roaming pact: BS-Adani Enterprises in focus - Farmers support Chattisgarh Mine expansion: BS-HPCL wants ONGC to cut stake in MRPL-Steel ministry extends enforcement date of quality control order by 3 months