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reports 31% rise in Q4 net profit

BASF India has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 30.73% in its net profit at Rs 86.27 crore for the quarter under review as compared to Rs 65.99 crore for the same quarter in the previous year. However, ... Read More »

Ambuja Cement reports 2.4% rise in sales volume for Q1

Ambuja Cement has reported 2.4% growth in Cement sales volumes in March quarter of 2019 at 6.37 million tonnes (MT) against 6.22 MT for March quarter previous year, while net sales grew by 3% year on year. The company’s sales growth of premium products such as ‘Roof Special’, ‘Cool Walls’ ... Read More »

Bandhan Bank reports 68% rise in Q4 net profit

Bandhan Bank has reported results for the fourth quarter and year ended March 31, 2019. The Bank has reported a rise of 67.81% in its net profit at Rs 650.87 crore for the quarter ended March 31, 2019, as compared to Rs 387.86 crore for the same quarter in the ... Read More »

Ashok Leyland reports 7% rise in April sales

Ashok Leyland has reported a rise of 7% in April 2019 sales (Domestic + Exports) to 13626 units, as against 12677 units sold in the same month of last year. The company reported an increase of 4% in its medium and heavy commercial vehicle (M&HCV) products segment to 9346 units ... Read More »

Eicher Motors’ JV reports sales of 3,961 units in April

VE Commercial Vehicles, a joint venture (JV) between Eicher Motors and Volvo Group, has reported sales of 3,961 units in April, nearly flat on year. The JV had sold 3,960 units in April 2018. Eicher branded trucks and buses recorded total sales of 3,882 units in April as compared with ... Read More »

L&T acquires 20% stake in Mindtree from Cafe Coffee Day founder

Larsen & Toubro (L&T) has acquired around 20 percent stake in Bengaluru-based IT services firm Mindtree from Cafe Coffee Day founder VG Siddhartha through block deal for about Rs 3,210 crore. The company bought 3.27 crore shares held by Siddhartha and Coffee Day Trading on April 30, 2019. The infrastructure ... Read More »

Capacite Infraprojects secures order worth Rs 229 crore

Capacite Infraprojects has received maiden order from Raymond (Realty Division) for a contract value of Rs 229.0 crore for civil & shell works for Aspirational Towers A, B, C and MLCP Building at Raymond, Thane. Capacite Infraprojects is a fast growing construction company focussed on Residential, Commercial and Institutional buildings. ... Read More »

Raymond reports 24% rise in Q4 consolidated net profit

Raymond has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 21.57% in its net profit at Rs 27.11 crore for the quarter under review as compared to Rs 22.30 crore for the same quarter in the previous year. Total income ... Read More »

Bajaj Auto reports marginal rise in April sales

Bajaj Auto has registered a marginal rise of 2% in total sales to 423,315 units in April 2019 against 415,168 units in April 2018. The company’s total exports out of the above stood at 191,211 units, registering a marginal gain of 3% as compared to 185,704 units sold in the ... Read More »

L&T’s construction arm secures contract from MGBM

Larsen & Toubro’s (L&T) construction arm — L&T Construction’s Metallurgical & Material handling Business has been awarded a large order from MA’ADEN Gold and Base Metal Company (MGBM), wholly owned subsidiary of Saudi Arabia Mining Company (MA’ADEN) for setting up Mansourah Massarrah Gold project. This (EPC) Engineering, Procurement & Construction ... Read More »

Atul Auto reports 22.21% sales growth in April

Atul Auto has reported sale of 3,346 units, with a rise of 22.21% for the month of April 2019 as compared to 2,738 units sold in April 2018. The company had reported sale of 4,612 units, with a rise of 15.21% for the month of March 2019 as compared to ... Read More »

Coal India logs 1% rise in coal production in April

Coal India has reported 1% rise in coal production in April 2019 to 45.29 million tonne as compared with 44.86 million tonne year ago. Coal offtake during April rose 2.6% to 52.35 million tonnes as compared with 51.02 million tonnes in the year-ago period. Coal India is the world’s largest ... Read More »

Maruti Suzuki reports total sale of 143,245 units in April

Maruti Suzuki India has reported total sales of 143,245 units in April 2019, as compared 172,986 units in April 2018, registering fall of 17.2%. This includes 134,068 units in domestic market and 9,177 units of exports. The company sold 22,766 vehicles under mini segment (including Alto, Wagon R) in April ... Read More »

Bajaj Finserv offers wallet care insurance

Bajaj Finserv is offering Wallet Care Insurance, which helps customers block all their credit cards and debit cards with a single phone call, no matter where they are in the world, without any hassles. This card protection plan is very affordable, with coverage up to Rs 2 lakh at just ... Read More »