TOP CORPORATE NEWS 16 MAY 2016

   !   April WPI Positive after 17 months of decline

India’s wholesale prices was in positive after 17 consecutive months of shrinking, with the Wholesale Price Index (WPI)-based inflation rising at 0.34% in April as compared to -0.85% in the previous month of March. April WPI Inflation at 0.34% Vs -0.85% (MoM) Primary Articles Inflation at 2.34% Vs 2.13% (MoM) Food Articles Inflation at 4.23% Vs 3.73% (MoM) Vegetable Inflation at 2.21% Vs -2.26% (MoM) Pulses Inflation at 36.36% Vs 34.45% (MoM) Cereals Inflation at 2.64% Vs 2.47% (MoM) Fruits Inflation at -2.38% Vs -2.13% (MoM) Egg, Meat & Fish Inflation at 3.34% Vs 3.69% (MoM) Fuel Inflation at -4.83% Vs -8.3% (MoM) Manufactured Products Inflation at 0.71% Vs -0.13% (MoM) Primary Articles Index up 2.1% (MoM) Food Articles Index up 2% (MoM) Non-food Articles Index up 3% (MoM) All Commodities Index up 1.4% (MoM) Minerals Group Index up 0.6% (MoM) Fuel & Power Index up 1.7% (MoM). Manufactured Products Index up 0.8% (MoM). Food Products Index up 3.2% (MoM). Food Articles Inflation at 4.23% Vs 3.73% (MoM). Feb WPI Inflation Revised to -0.85% from -0.91%.

   !   M&M enters Liquid Milk business in MP

M&M recently launched 'Saboro' brand liquid milk ouches in Madhya Pradesh to mark its entry in the sector. The company has a plan to expand its milk business and other dairy products on to other parts of the country as well, but in a phased manner. The road ahead would hinge on creating a large sourcing base and providing extraordinary quality. Currently the operations are based at Indore and in the coming years will expand to other locations. Further the management has mentioned that investments will depend on the arising opportunity and decisions will be taken on case to case..

   !   Zee learn rallies post Q4FY16 results

Zee learn surged 19% to Rs33.05 on NSE after hitting an upper circuit, Of Rs33.50 post Q4FY16 results. Zee learn reported revenue growth of 18% YoY at Rs151.3 crore compared to Rs127.8 crore in Q3FY15. OPM for the quarter increased to 29% from 24% in Q3FY15. For Q4FY16

   !   Strides Shasun Q4 consolidated net profit at Rs96 cr

Strides Shasun Ltd has announced the following audited Q4 & FY16 results for the quarter & year ended March 31, 2016:

For the Quarter ended March 31, 2016 (YoY). The Company has posted a net profit of Rs59.63 crore Vs Rs69.66 crore. Total Income at Rs680.95 crore Vs Rs290.11 crore .For the Year ended March 31, 2016 The Company has posted a net profit of Rs161.06 crore VS Rs532.32 crore. Total Income is Rs2345.22 crore Vs Rs1029.59 crore.

   !   Reliance Defence reports Rs102 cr net profit in Q4

Reliance Defence and Engineering Ltd has announced the following Q4 & FY16 results for the quarter & year ended March 31, 2016:The Company has posted a net profit of Rs102.44 crore Vs net loss of Rs158.28 crore (YoY). Total Income increased to Rs115.31 crore Vs Rs56.15 crore. For the Year ended March 31, 2016 (Audited).

                                       

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