Here are stocks that are in news today:Results today: Coal India, JSPL, Ashok Leyland, Aurobindo Pharma, Cadila Healthcare, Oil India, India cement, Reliance Infra, Voltas, Aditya Birla Nuvo, Max India, IDBI Bank, Bank of Maharashtra, City Union Bank, Dhanlaxmi Bank, Natco Pharma, NALCO, Man Infra, Merck, MOIL, Simplex Infrastructure, Speciality Restaurants, Subex, Indian Hotels Company, Time Technoplast, Timken India, Titagarh Wagons, TVS Srichakra, Wheels India, Wonderla Holidays, Alembic, Anant Raj, AXISCADES Engineering, Ballarpur Industries, Balmer Lawrie, Balrampur Chini, Bartronics India, Career Point, Cigniti Tech, Daawat (LT Foods), Dhanuka Agritech, Dolphin Offshore, Emco, Emkay Global, FACT, Genus Power, Global Vectra Helicorp, Gokaldas Exports, Golden Tobacco, Himadri Chemicals, Honda Siel Power, Hotel Leela Venture, Jayaswal Neco, JBM Auto, Jubilant Industries, Kakatiya Cement, Kopran, Lovable Lingerie, Mukand Limited, NFL, Piramal Phytocare, Plastiblends India, Repro India, Rico Auto, Sanghvi Forging, Sanghvi Movers, Seamec, SCI, Shrenuj & Company, Talbros Automotive, GE Shipping, Unity Infra, Welspun Enterprises, Zicom Electronic, Zodiac Clothing, Zuari Agro
Sun Pharma Q1-Consolidated net profit down 46 percent at Rs 479 crore versus Rs 886.8 crore (QoQ)-Consolidated total income up 9.8 percent at Rs 6,757.6 crore versus Rs 6,157 crore (QoQ)-Consolidated EBITDA at Rs 1,859.7 crore versus Rs 792.3 crore (QoQ)-Consolidated EBITDA margin at 27.5 percent versus 13 percent (QoQ)-Consolidated exceptional loss at Rs 685 crore-Consolidated tax expense at Rs 226.8 crore versus tax credit of Rs 600 crore (QoQ)-All adjustments related to merger in Q1 earnings-Other income at Rs 105.4 crore versus Rs 382.5 crore (QoQ)-Recommends dividend of Rs 3/share
Sun Pharma says-One-time loss of Rs 685 crore represents impairment charges on merger-Q1 US finished dosage sales down 4 percent at USD 488 million (YoY)-Q1 emerging markets sales down 15 percent at USD 133 million (YoY)-Q1 Rest Of World sales down 7 percent at USD 91 million (YoY)-Q1 R&D investments up 37 percent at Rs 511 crore (YoY)-Q1 earnings impacted by certain one-time & exceptional charges
Sun Pharma MD Dilip Shanghvi says-Continue to invest significantly in R&D & building critical talent-Have strengthened ophthalmology & OTC teams in US-Specific integration milestones include ensuring GMP compliance-Targetting more product filings globally-Q1 numbers not in line with company’s historical performance-Integrating a large business & have focussed on improving compliance-One-time charges will drive synergies & profitability in long-term-Some charges may continue in the near future-US sales impacted due to competitive pressure on some products-Regaining trust of customers & channels in US is foremost focus-Have a strong pipeline of 159 ANDA awaiting approvals in US-Competitive pressure on products like Doxycycline, Lipodox-Supply from Halol has improved, expect trend to continue going forward-Philosophy is to grow faster than market-Had guided flat to potential revenue reduction versus market growth-Plan to use this time to consolidate the base, get strong infra in place-Consumer health is a very important component-Takes time for market to regain momentum for a brand like Revital-Provisions of write-down to relate to plans of rationalising manufacturing footprint-Current provisions will reflect if we pursue plan of plant rationalisation-Focus is to get Xelpros into market at the earliest-Traditionally Sun portfolio growing faster than market in India-Comfortable with other segment growth too-Consumer health business important for future growth globally-Will try to achieve guided synergy as soon as possible-Grown faster than industry in chronic therapy market-Should see data for MK-3222 by end of 2015-Emerging market business impacted due to currencies fluctuations
Reliance Power Q1-Consolidated net profit up 41 percent at Rs 344.3 crore versus Rs 244.4 crore (YoY)-Consolidated total income up 58 percent at Rs 2,768 crore versus Rs 1,753.1 crore (YoY)-Consolidated EBITDA up 84.3 percent at Rs 1,170 crore versus Rs 635 crore (YoY)-Consolidated EBITDA margin at 42.3 percent versus 36.2 percent (YoY)-Reliance Power says total operating capacity currently stands at 6,000 MW
Tata Steel Q1-Consolidated net profit at Rs 763 crore versus Rs 337.3 crore (YoY)-Consolidated total income at Rs 30,300 crore versus Rs 36,427 crore (YoY)-Consolidated EBITDA at Rs 2,774 crore versus Rs 4,272.6 crore (YoY)-Consolidated EBITDA margin at 9.2 percent versus 11.7 percent (YoY)-Tax expense at Rs 515.4 crore versus Rs 1,080.4 crore (YoY)-Other income at Rs 762.2 crore versus Rs 216.1 crore (YoY)-Consolidated exceptional gain of Rs 158.4 crore
Tata Steel Q1-Volume at 6.33 million tonne versus 6.46 million tonne (YoY)-India business volume at 2.14 million tonne versus 2.1 million tonne (YoY)-Europe business volume at 3.44 million tonne versus 3.2 million tonne (YoY)
Astral Poly Q1-Consolidated net profit up 10.9 percent at Rs 22.3 crore versus Rs 20.1 crore (YoY)-Consolidated total income up 42 percent at Rs 386.5 crore versus Rs 272.2 crore (YoY)
Novelis Q1 (subsidiary of Hindalco Industries)-Net loss at USD 60 million-Revenue down 2 percent at USD 2.6 billion (YoY)
Harrisons Malyalam Q1-Net loss at Rs 8.4 crore versus loss of Rs 13.1 crore (YoY)-Total income at Rs 63 crore versus Rs 77.8 crore (YoY)
Godawari Power Q1-Net loss at Rs 83 lakh versus profit of Rs 58.9 crore (YoY)-Total income up 5 percent at Rs 626.9 crore versus Rs 597 crore (YoY)Alert: Godawari Power had exceptional gain of Rs 35.9 crore in Q1FY15
Vindhya Telelinks Q1-Net profit at Rs 20.2 crore versus Rs 5.6 crore (YoY)-Total income up 68 percent at Rs 204.6 crore versus Rs 121.8 crore (YoY)
NMDC Q1-Net profit down 47.3 percent at Rs 1,010 crore versus Rs 1,915 crore (YoY)-Total income down 48 percent at Rs 1,806.4 crore versus Rs 3,477 crore (YoY)-EBITDA down 54.1 percent at Rs 1,103 crore versus Rs 2,402 crore (YoY)-EBITDA margin at 61 percent versus 69.1 percent (YoY)
Aksh Optifibre Q1-Net profit up 83.3 percent at Rs 11 crore versus Rs 6 crore (YoY)-Total income up 26.8 percent at Rs 93.3 crore versus Rs 73.6 crore (YoY)
Prestige Estates Q1-Net profit up 23.3 percent at Rs 128.2 crore versus Rs 104 crore (YoY)-Total income up 23.6 percent at Rs 696 crore versus Rs 563.1 crore (YoY)-Other income at Rs 122.3 crore versus Rs 52.5 crore (YoY)
Nitesh Estates Q1-Consolidated net loss at Rs 20.3 crore versus loss of Rs 3.4 crore (YoY)-Consolidated total income down 13.5 percent at Rs 48.8 crore versus Rs 56.4 crore (YoY)
JBF Industries Q1-Consolidated net profit down 17.6 percent at Rs 23 crore versus Rs 27.9 crore (YoY)-Total income up 8.8 percent at Rs 2,272.4 crore versus Rs 2,089 crore (YoY)
JK Lakshmi Cement Q1-Net loss at Rs 23.5 crore versus profit of Rs 40.5 crore (YoY)-Total income down 1.6 percent at Rs 590.7 crore versus Rs 600.4 crore (YoY)
Jai Corp Q1-Net profit up 20.5 percent at Rs 17.6 crore versus Rs 14.6 crore (YoY)-Total income up 0.8 percent at Rs 169.8 crore versus Rs 168.4 crore (YoY)
Gujarat Narmada Q1-Net loss at Rs 11 crore versus loss of Rs 50 crore (YoY)-Total income down 2.6 percent at Rs 987.2 crore versus Rs 1,013.2 crore (YoY)
HPCL Q1-Net profit at Rs 1,588 crore versus Rs 46 crore (YoY)-Total income down 12.5 percent at Rs 51,803.3 versus Rs 59,237.5 crore (YoY)-Average gross refining margin (GRM) at USD 8.56/barrel versus USD 2.04/barrel (YoY)-EBITDA at Rs 3,063 crore versus Rs 590 crore (YoY)
Siyaram Silk Mills Q1-Net profit flat at Rs 11.6 crore (YoY)-Total income at Rs 300.7 crore versus Rs 302 crore (YoY)
Ansal Properties Q1-Consolidated net loss of Rs 10.4 crore versus profit of Rs 8.2 crore (YoY)-Consolidated total income at Rs 226.6 crore versus Rs 282.2 crore (YoY)
Bosch on CNBC-TV18-Saw topline growth of 7.5 percent in Q1-Gasoline systems business saw a double-digit growth in Q1-Energy efficiency products doing well-Not seeing significant improvement on volume front-Expect a recovery in truck business in coming quarters-Passenger cars continue to see a modest growth-Do not have huge expectations from tractor business
Coal block auction-Bids for Marki Mangli I coal block close at Rs 715/tonne-Topworth Urja & Metals top bidder for Marki Mangli; bids close at Rs 715/tonne-Bids for Bhaskarpara coal block close at Rs 755/tonne-Crest Steel & Power highest bidder for Bhaskarpara coal block at Rs 755/tonne
OPEC-Raises 2015 oil demand growth forecast by 90,000 barrels per day (bpd)-Leaves 2016 world oil demand growth forecast unchanged at 1.34 million bpd-Raises 2016 forecast demand for its crude by 50,000 bpd
Pramerica International Investments CEO says-DHFL's know-how & relationships will add value to company’s asset management business-Will expand AMC business after integrating DHFL & Pramerica AMC-Private sector is doing well, forex reserves remain high-Yuan depreciation is part of the engineered response to ensure there is no slowdown-Yuan depreciation will not impact global fund flows
Cabinet likely to take up spectrum trading & sharing today: Sources-Cabinet to finalise spectrum trading & sharing policy-Cabinet to decide quantum of levy on spectrum sharing
Tata Motors' JLR confirms new Slovakian plant, may start production by 2018-JLR signs letter of intent with Slovak Republic govt unit in Nitra in Western Slovakia
Tata Steel sells 2.18 percent stake in Titan via block deal-Tata Sons ups stake in Titan, buys additional 2.18 percent stake
Government files complaint over Maggi issue against Nestle India at Consumer Forum-Government seeks damages worth Rs 640 crore from Nestle India: PTI sources
Nestle India says-Have been collecting Maggi stocks being returned from market & customers-Have been collecting stocks on a regular basis for over two months-Maggi being stored at godowns before sending to cement factories for thermal destruction-20,000 kg of noodles being mentioned in media reports is not meant for sale-20,000 kg of noodles awaiting onward transportation to incineration centre
SBI: Sources-5 accounts worth Rs 6,200 crore got refinanced under 5:25 route-Pipeline of 5:25 refinancing stands at over Rs 12,000 crore
Finance ministry to seek cabinet nod for 10 percent stake sale in Coal India again: Sources-Divestment department fast-tracks approval process for more stake sales-Appointment of merchant bankers for 8-12 stake sales likely by next week-Government may raise over Rs 20,000 crore via 10 percent stake sale in Coal India-Coal India 10 percent stake sale part of 3-year rolling plan for divestment
Other stocks and sectors that are in news today:-Standard Chartered Bank among the latest to exit Adani Group’s Australian operations-L&T likely to bag Rs 430 crore army deal: ET-Aion Cap, Apollo Global to exit Avantha Holdings (Avantha group companies include Crompton Greaves, Ballarpur Industries): ET-Delay in Gujarat plant rollout may affect Maruti output: BS-Govenrment says CCI probing alleged cartelisation in air fares-Capgemini to rejig structure, finish i-Gate buyout by mid-2016-GAIL launches two tenders for 17 LNG cargoes from October 2015 to December 2016: Reuters sources-CCI approves Aditya Birla-Jubilant Agri deal-TRF gets order worth Rs 73.9 crore from BHEL ISG Bangalore-KEC International wins orders worth Rs 838 crore-Cabinet committee on economic affairs (CCEA) nod likely on 50 percent diesel subsidy to farmers today: PTI sources
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