Grasim Industries posts Q4 net profit at Rs 1,063 crore

Aditya Birla Group firm Grasim Industries on Friday reported a marginal increase in consolidated net profit at Rs 1,063.62 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 1,055.26 crore during the same period of the previous fiscal, Grasim Industries said in a BSE filing.

The revenue from operations during the quarter under review stood at Rs 11,140.21 crore as against Rs 10,566.36 crore in the year ago period.

"On the completion of the merger of Aditya Birla Nuvo with Grasim, the company is poised to enter into a new era of growth, given its leadership position in all its businesses post merger," Grasim Industries said in a statement. For the entire fiscal, the company reported a consolidated net profit at Rs 4,245.61 crore compared to Rs 3,454.74 crore in the 2015-16 fiscal. Revenue for the fiscal stood at Rs 41,194.95 crore. It was Rs 39,196.61 crore in the previous fiscal. The company's board has recommended a dividend of Rs 5.50 per share for the financial year 2016-17.

Value Pick - Cords Cable

CORDS CABLE :- Cords was established in 1987 by a group of industry professionals with an objective of catering to a growing requirement for high quality customized cables. Over the years Cords has developed a wide range of specialized cables to address the specific requirements of industries involving modern process technologies, instrumentation and communication demanding the highest standards of precision and reliability, and household users seeking products with assured quality and safety. COMPANY INTRODUCTION :- Cords is in the business of providing cost-effective and quality solutions for various electrical connectivity requirements. Presently, we accomplish this through customized design and development, quality manufacturing and reliable delivery of all types of LT range cables and household wires. http://www.moneycontr...

Gabriel India Limited

Gabriel India Limited is the flagship company of ANAND, and a leading name in the Indian auto component industry . Established in 1961, the company provides the widest range of ride control products in India, including shock absorbers, struts, and front forks, across every automotive segment with over 300 product models offered. Market Leaders for more than 55 Years The history of Gabriel India dates back to 1961, when Mr. Deep C Anand, as a young entrepreneur, launched his very first business venture - Gabriel India, in collaboration with Maremont Corporation (now Gabriel Ride Control Products of ArvinMeritor Inc., USA), for the manufacturing of shock absorbers at Mulund, Mumbai. Today, the Gabriel brand is synonymous with shock absorbers in India, with a significant presence across all automotive customer segments, including original equipment manufacturers (OEM’s), replacement, and exports. Over the last 55 years, Gabriel India has established itself as a provider of...

Escorts -Ready for Multibagger Gains - 1100 Coming Soon

Buy at CMP 818 - for the Targets of 890 to 1090 , Time Frame - 5 Months to 12 Months TRIGGERS 1 ) Strong Q4 and YOY Profits are expected as Q3 Profit Up by 305% YOY at 92 cr. Q2 Profits up by 147% at 71 Cr. 2 ) Beneficiery of G overnment’s push on infrastructure, housing, construction, and the road segment also at which the government is planning to do the Bharatmala project 3 ) GST rates are reduced to 18% from 28% , especially on the earthmoving and road segment machinery. 4) On Jan 2018, Escorts Ltd. The company has reported net sales of Rs.1213.23 crores during the period ended December 31, 2017 as compared to Rs.1100.79 crores during the period ended December 31, 2016. 5) For the quarter ended December 31, 2017 (Q3FY18), Escorts reported 12% yoy tractor volume growth. This growth was led by 11% yoy growth in domestic volumes and a 41% yoy growth in exports. 6) ) The company sold 18,930 tractors in Q3FY18 agai...

ITD Cementation Multibagger in Making

ITD Cementation India was incorporated on 1978 as Cemindia Company Limited and obtained Certificate of Commencement of Business on 6th November, 1978. ITD Cementation hopes to grow revenues by 8-10 percent this year with significant improvement in the bottom-line, says Chief Financial Officer, S Ramnath. ITD Cementation | Targeting Orderbook of Rs 10,000 Cr this Year | CNBC TV18 In 1994, the company changed its name to Trafalgar House Construction India Limited in order to reflect direct relationship with its then holding company and obtained fresh certificate of incorporation on 7th September 1994. In the year 1996 Kvaerner ASA, acquired Trafalgar House Plc. Consequent upon this acquisition the Company changed its name to Kvaerner Cementation India Limited and obtained Fresh Certificate of Incorporation on 1st September, 1998. In the year 2000 Skanska AB, entered into an agreement with Kvaerner Plc, to acquire the entire issued share ca...

Hind Rectifiers Ltd. .. Bumper Results with Bumper Order Book.. Ready to Fly for 170++ soon

Hind Rectifiers Ltd. Buy at CMP- 1 17 , Targets - 172- 190, Time Frame - 6 to 24 Months , SL- 90 TRIGGERS Bagged 88 Cr Order recently with Its all time High Order Book of 300 Cr Profit in Q2 has Jumped 409% Biggest Beneficiary of Budget 2019 ( Railway Equipments Manufacturer) Hind Rectifiers, known as Hirect , is a leading manufacturer of rectifier equipment and semi-conductor devices. It also manufacturers a wide range of products used for railways, AC electric locomotives and AC electrical multiple units. The company has signed a technical collaboration agreement with Friem, Italy to manufacture water-cooling rectifiers for electrochemical applications. Based on this technology, it has received orders from Sterlite Industries, Chemfab Chlorates and Sree Rayalaseema Alkalies and Chemicals. It has a technical collaboration agreement with Electric Research & Development Centre, Kerala, to manufacture transistorised ...

INVESTORICH

Search This Blog