Stocks in news: ITC, L&T Infotech, Wipro, KPIT, IIFL, VRL, HPCL

Plastiblends India Q1-Net profit down 20 percent at Rs 8.4 crore versus Rs 10.5 crore (YoY)-Total income up 11.7 percent at Rs 143.1 crore versus Rs 128.1 crore (YoY)-EBITDA down 3.5 percent at Rs 16.7 crore versus Rs 17.3 crore (YoY)-EBITDA margin at 11.7 percent versus 13.5 percent (YoY)-Finance cost at Rs 2.1 crore versus Rs 0.71 crore (YoY)

Sasken Communications Q1-Consolidated net profit down 10.3 percent at Rs 15.6 crore versus Rs 17.4 crore (QoQ)-Consolidated total income up 1.7 percent at Rs 121.8 crore versus Rs 119.8 crore (QoQ)-Consolidated EBITDA at Rs 19 crore versus Rs 9.5 crore (QoQ)-Consolidated EBITDA margin at 15.6 percent versus 7.9 percent (QoQ)

KEI Industries Q1-Net profit up 44.4 percent at Rs 16.9 crore versus Rs 11.7 crore (YoY)-Total income up 8.2 percent at Rs 560.7 crore versus Rs 518.3 crore (YoY)-EBITDA up 2.6 percent at Rs 56 crore versus Rs 54.6 crore (YoY)-EBITDA margin at 10 percent versus 10.5 percent (YoY)

Nucleus Software Q1-Net profit down 23.4 percent at Rs 10.8 crore versus Rs 14.1 crore (QoQ)-Total income down 3 percent at Rs 90 crore versus Rs 92.7 crore (QoQ)-EBITDA down 49.9 percent at Rs 9.3 crore versus Rs 18.6 crore (QoQ)-EBITDA margin at 10.4 percent versus 20 percent (QoQ)

IFB Agro Industries Q1-Net profit up 20.5 percent at Rs 8.8 crore versus Rs 7.3 crore (YoY)-Total income up 39.5 percent at Rs 213.4 crore versus Rs 153 crore (YoY)-EBITDA down 0.8 percent at Rs 13 crore versus Rs 13.1 crore (YoY)-EBITDA margin at 6.1 percent versus 8.6 percent (YoY)-Other income at Rs 5.7 crore versus Rs 2.1 crore (YoY)-Finance cost at Rs 1.4 crore versus Rs 0.4 lakh (YoY)

Bharat Seats Q1-Net profit up 69.7 percent at Rs 1.68 crore versus Rs 0.99 crore (YoY)-Total income up 7.5 percent at Rs 204.3 crore versus Rs 190 crore (YoY)-EBITDA up 9 percent at 7.3 crore versus Rs 6.7 crore (YoY)-EBITDA margin at 3.6 percent versus 3.5 percent (YoY)

KPIT Technologies Q1-Net profit down 41.3 percent at Rs 55 crore versus Rs 93.7 crore (QoQ)-Total income down 4.5 percent at Rs 803.2 crore versus Rs 840.9 crore (QoQ)-EBITDA down 35.2 percent at Rs 85.6 crore versus Rs 132.1 crore (QoQ)-EBITDA margin at 10.7 percent versus 15.7 percent (QoQ)

Foseco India Q1-Net profit up 15.1 percent at Rs 9.9 crore versus Rs 8.6 crore (YoY)-Total income up 15 percent at Rs 87.4 crore versus Rs 76 crore (YoY)-EBITDA up 14.5 percent at Rs 15.8 crore versus Rs 13.8 crore (YoY)-EBITDA margin at 18.1 percent versus 18.2 percent (YoY)-Foseco India board declares first interim dividend of Rs 10

IIFL Holdings-Board approves Rs 1,000 crore investment by CDC Group in India Infoline Finance-CDC Group to hold 15 percent equity stake in India Infoline Finance post investment

UltraTech Cement-Gets shareholder nod to appoint KK Maheshwari as MD-Gets shareholder nod to issue non-convertible debentures (NCDs) up to Rs 9,000 crore-Gets shareholder nod to raise FII investment limit to 30 percent from 24 percent-Gets shareholder nod to increase borrowing limit

Cabinet-Approves formation of Sagarmala Development Company with capital of Rs 1,000 crore-Approves air-services pact with Mozambique-Approves Neyveli Lignite's Uttar Pradesh power project-Approves introducing amendments to Benami Transactions Bill in Parliament-Approves Ambuja Cements' acquisition of 24 percent shares in Holcim India-Approves construction of dry dock in Cochin Shipyard at cost of Rs 1,799 crore-Approves setting up Gorakhpur AIIMS at a cost of Rs 1,011 crore

HPCL-Board approves hiking Visakh refinery capacity to 15 mmpta from 8.33 mmpta-Visakh refinery capacity expansion investment at Rs 20,928 crore-Visakh refinery capacity expansion to be completed in 4 years-Board recommends bonus issue in the ratio of 2 shares for every 1 held

Lanco Infratech says-In talks with lenders, consultants to sell/securitise some operating assets-Had 2 meetings with lenders this month-Will inform exchanges when any proposal is approved by lenders

Gokaldas Exports-Blackstone FP Capital Partners (promoters) sell 25.78 lakh shares Rs 113.5/share-ICICI Bank (investment) buy 25.49 lakh shares at Rs 113.5/share

VRL Logistics-Promoters withdraw regional airline plan-Regional connectivity-related aspects in new policy don't augur well for business

Other stocks and sectors that are in news today:-Listing today: L&T Infotech-Teva Pharma USA gets US FDA nod for Crestor generic or Rosuvastatin calcium (Sun Pharma, Aurobindo Pharma, Glenmark received approval for the same drug yesterday)-Novartis ex-date for buyback eligibility-Subex issues 21.55 lakh equity shares of Rs 10 each upon conversion of foreign currency convertible bond (FCCBs), issue price Rs 13/share-Cholamandalam - ICRA reaffirms long term and short term ratings; revises long term outlook from stable to positive-Bombay HC rejects plea to stay economic offences wing from securing Financial Technologies assets-Dabur launches aerated fruit drink – Real Volo-Shree Cement to invest Rs 600 crore in Jharkhand: BS-Shriram City Union Finance board meeting on July 25 to consider issuing NCDs worth Rs 175 crore-Central Bank of India board meeting on July 25 to consider raising additional capital upto Rs 1,297 crore by issuing equity shares on a preferential basis-Wipro gets contract from greater Toronto Airports for 7-year strategic IT and business transformation-United Bank of India - Government to allocate Rs 810 crore by way of preferential allotment of equity; Proposed strike on July 29-NHPC board meeting on July 22 to consider raising of corporate bonds worth Rs 4,500 crore-Alok Industries denies FE report “account turn NPA as SDR fails”-DHFL board approves NCDs upto Rs 5,000 crore, non-convertible subordinated unsecured debentures upto Rs 1,000 crore, non-convertible perpetual unsecured debentures upto Rs 500 crore