IRB Infra Q4 consolidated net profit at Rs151 cr
IRB
Infrastructure Developers has announced the following Q4 & FY16 results for
the quarter & year ended March 31, 2016:
Standalone
For
the Quarter ended March 31, 2016
The
Company has posted a net profit of Rs94.37 crore Vs Rs12.33 crore (YoY).
Total
Income increased to Rs972.66 crore Vs Rs529.96 crore (YoY).
Lupin cracks as FDA overhang continues
Shares
of Lupin cracked 9% to Rs1505 on NSE despite strong outlook as the FDA overhang
continues; retain Hold with PT revised to Rs1,850
Strong
operating performance:
For
Q4FY2016, Lupin’s sales grew by 35.8% to Rs4,181.2 crore; operating profit
improved by 73.2% to Rs1,367.4 crore and profit grew of 47.5% to Rs807 crore.
The
strong set of numbers was aided by two months’ exclusivity sales from gGlumetza
coupled with price hikes in Fortamet.
Profit
was affected (compared with growth in operating profit) due to higher tax rate
of 33.6% in Q4FY2016 against 19.5% in Q4FY2015. Also, the interest cost has
gone up due to increase in debt (taken for funding Gavis acquisition).
Pidilite Inds Q4 consolidated net profit up 89% (YoY)
Pidilite Industries Ltd has announced the Q4 & FY16 audited
following results for the quarter & year ended March 31, 2016:
Standalone
For the Quarter ended March 31, 2016 (YoY)
The Company has posted a net profit of Rs115.04 crore Vs Rs77.22
crore.
Total Income increased to Rs1101.10 crore Vs Rs975.93 crore.
Allcargo Logistics rallies on plans to buy majority stake in CCI
Shares of Allcargo Logistics surged 5.4% to Rs153.10 on BSE on
back of reports that the company has plans to buy majority stake in CCI for
Rs130 crore – Positive for Allcargo Logistics.
The deal will lead to the formation of a new entity in which
Allcargo will hold 62%, while the rest is held by CCI.
Force Motors to invest Rs300 cr in FY17 for expansion
Force
motors has announced an expansion plan for FY17 with an investment of Rs300 Cr
towards new facilities and product enhancement.
The
company which supplies engines to marque luxury car maker like BMW and Mercedes
is planning to set up a new plant in Chakan (Pune) for manufacturing engines
for Mercedes Benz with the investment of Rs150 crore.
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