TOP CORPORATE NEWS - 30 MAY 2016

NTPC Q4: Net Profit at Rs2, 716 Cr

NTPC Q4: Net Profit at Rs.2, 716 Cr Vs Rs.2, 944 Cr (YoY)

Other Income at Rs.448 Cr Vs Rs.570.7 Cr (YoY)

Total Income -6.2% at Rs.18, 113 Cr Vs Rs.19, 309 Cr (YoY)

EBITDA +15.7% at Rs.5, 458 Cr Vs Rs.4, 719 Cr (YoY)

EBITDA Margin At 30.1% Vs 24.5% (YoY)

M&M Standalone Net Profit +6% at Rs583.7 Cr Vs Rs550.6 Cr (YoY)

M&M Standalone Net Profit +6% at Rs583.7 Cr Vs Rs550.6 Cr (YoY)

Standalone Total Income +14.5% at Rs.10, 800 Cr Vs Rs.9, 434.4 Cr (YoY)

Standalone Other Income at Rs.111.7 Cr Vs Rs.89.6 Cr (YoY)

Standalone EBITDA +16.5% at Rs.1, 049 Cr Vs Rs.900.5 Cr (YoY)

Standalone EBITDA Margin At 9.7% Vs 9.5% (YoY).

Sun Pharma gets US subpoena over generic drugs pricing

Sun Pharma gets US subpoena over generic drugs pricing – Sentimental Negative for Sun; the inquiry is unlikely to have any adverse impact on the consolidated operations or consolidated financial results of the company.

The US Department of Justice (DoJ) has subpoenaed Sun Pharmaceutical Industries seeking information about the pricing and marketing of the generic drugs it sells in the United States.

The DoJ's antitrust division has also asked Sun Pharma's US unit for documents related to employee and corporate records and communications with competitors.

Reliance Infra net profit up 44% to Rs660 crore (YoY)

Reliance Infrastructure has announced the following 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 Rs728.95 crore Vs Rs449.97 crore.

Total Income is Rs3291.08 crore Vs Rs3179.59 crore.

Hindalco Inds Q4 net profit at Rs356 cr

Hindalco Industries 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 Rs356.33 crore Vs Rs159.53 crore.

Total Income is Rs8871.66 crore Vs Rs9601.63 crore.

Berger Paints Q4: Cons Net Profit +59.7% at Rs92.8 Cr

Berger Paints Q4: Cons Net Profit +59.7% at Rs.92.8 Cr Vs Rs.58.1 Cr (YoY)

To Issue Bonus of 2 Shares for Every 5 Held

Cons Total Income +8.6% at Rs.1, 130 Cr Vs Rs.1040.3 Cr (YoY)

Cons EBITDA +31.7% at Rs.159.3 Cr Vs Rs.121 Cr (YoY)

Cons EBITDA Margin At 14.1% Vs 11.6% (YoY)

                                 

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