Monday 1 February 2016

Corporate News Update

CAPITALSTARS

 DAILY CORPORATE NEWS


Ajanta Pharma Q3 consolidated net profit up 20% (YoY)
Ajanta Pharma has announced the following Q3 results for the quarter ended December 31, 2015 (YoY)
Standalone (YoY)
Net Profit rose 19.60% to Rs103.34 crore Vs Rs84.71 crore.
Total Income increased by 15.01% to Rs424.23 crore Vs Rs368.84 crore.

IPCA drops on warning letter from USFDA for SEZ Indore
IPCA drops on warning letter from USFDA for SEZ Indore. Shares of IPCA dropped over 3% to Rs654.70 on NSE after the company received warning letter from USFDA for Ratlam (Madhya Pradesh), SEZ Indore (Pithampur) and Piparia (Silvassa) manufacturing units.

Century Text Q3: Net Loss at Rs10.4 Cr Vs Loss Of Rs63.6 Cr (YoY)
Century Text Q3: Net Loss at Rs10.4 Cr Vs Loss Of Rs63.6 Cr (YoY)
Total Income at Rs.1, 939.6 Cr Vs Rs.1, 854.1 Cr (YoY)
EBITDA at Rs.169 Cr Vs 103 Cr (YoY)
EBITDA Margin at 8.7% Vs 5.5% (YoY)

Marico Q3 consolidated net profit at Rs198 cr
FMCG firm Marico Ltd.’s consolidated net profit grew by 23.71% at Rs197.8 crore for the December quarter on account of lower expenses.

Maruti Suzuki Jan 2016 volumes down 2.6% YoY to 113,606 units
Maruti Suzuki Jan 2016 volumes down 2.6% YoY to 113,606 units; domestic sales grew marginally, however exports declined
Maruti Suzuki reported a decline of 2.6% YoY in dispatches for the month of January to 113,606 units.
Domestic volumes grew marginally by 0.8% YoY to 106,383 units.

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