TOP CORPORATE NEWS -10 FEB 2016

Bata India Q3: Net Profit at Rs44.5 Crore

Bata India Q3: Net Profit at Rs44.5 Crore

Total Income at Rs617.6 Crore

EBITDA at Rs80 Crore

EBITDA Margin at 12.9%

Bharat Forge arm forms JV with Rafael Advanced Defense Systems

Bharat Forge arm Kalyani Strategic Systems entered into a joint venture (JV) with Israel's Rafael Advanced Defense Systems to bid for defense programs in India, including infantry combat vehicle BMP II upgrade.

The JV Company, Kalyani Rafael Advanced Systems Pvt Ltd, will look to address programs in relation to BMP II upgrade, tactical control systems, other advanced systems and other such programs floated or to be floated by the Ministry of Defense.

Tata Chem Q3 Net Profit falls 45.4% (YoY)

Tata Chem Q3: Net Profit -45.4% at Rs130 Cr Vs Rs238 Cr (YoY)

Total Income -3.7% at Rs4, 637.3 Cr Vs Rs4, 817 Cr (YoY)

EBITDA -17% at Rs490 Cr Vs Rs590 Cr (YoY)

EBITDA Margin at 10.6% Vs 12.2% (YoY)

Bajaj Electricals Q3 net profit at Rs29 crore (YoY)

B Bajaj Electricals has announced the following Q3 Unaudited Standalone results for the quarter ended December 31, 2015 (YoY)

Net Profit at Rs29.31 crore Vs net loss of Rs52.26 crore.

Total Income increased by 10.81% to Rs1151.53 crore Vs Rs1039.19 crore.

India Cements Q3 net profit at Rs5 crore (YoY)

India Cements has announced the following Q3 Unaudited Standalone results for the quarter ended December 31, 2015 (YoY)

Net Profit at Rs5.46 crore Vs net loss of Rs11.68 crore.

Total Income decreased by 9.95% to Rs937.05 crore Vs Rs1040.60 crore.

                                    

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