The free float of all these companies is very small, baring MTNL, and hence their market cap is huge
Speaking to CNBC-TV18, Mukund Sapre, ED, IL&FS Transportation Networks says the company finds rights issue to be a better option to mobilize the equity because of the stock prices.
Its total income from operations, however, rose to Rs 160 crore in the first quarter of 2015-16 from Rs 96.34 crore in the year-ago period.
If the government does not support the industry where there is disproportionate advantage in one country vis-Ã -vis India, the industry will die over a period of time, says management of Kalyani Steels.
The Jaypee Group firm, which operates Yamuna Expressway linking Delhi to Agra, had reported a net profit of Rs 13.19 crore in the same quarter previous fiscal.
It had reported Rs 54.79 crore net loss for the corresponding quarter if last fiscal, 2013-14, the company said in an exchange filing today. Its income from operations grew marginally to Rs 2,460 crore, from Rs 2,407 crore a year earlier.
The company is also confident of upping their capacity utiliastion from the current 83 percent to 120 percent in the remaining weeks of the current fiscal, said Jaiveer Srivastava CMD, Fact.
Total expenses also rose to Rs 256.20 crore from Rs 231.26 crore a year earlier. Finance costs rose a little to Rs 18.38 crore from Rs 16.46 crore a year earlier. In a separate filing, the company said it has received two orders worth Rs 353 crore for construction of bridges in Ahmedabad and Navi Mumbai.
The company also incurred an exceptional loss of Rs 223 crore during the quarter against an exceptional gain of Rs 68 crore in the corresponding period due to sudden depreciation of rupee against major currencies, which has resulted in net loss of Rs 412 crore.
Realty firm Housing Development and Infrastructure Ltd (HDIL) on Wednesday reported 85 percent fall in consolidated net profit at Rs 16.25 crore for the quarter ended in June.
Jyothy Labs is increasing ad spends to 10-12 percent. It will also expand Henkel brands, which were predominantly urban, into semi-urban and rural areas, while Jyothy's brands will be pushed more into the urban markets and modern trade.
Kerala-based gold loan company Manappuram Finance on Thursday reported more than 20% year-on-year drop in its second quarter (July-September) net profit at around Rs 108 crore in 2012-13; due to rise in borrowing costs and some operating expenditures.