Shares in News: TV Today, JK Tyre, Monsanto India, SRF

TV Today Q3 net up 40% at Rs 36.9 crore 

TV Today Network noted a 40.09% boost in standalone net revenue at Rs 36.9 crore for the Q3 closed Dec. 31, 2015. The company had posted net revenue of Rs 26.34 crore in the same time previous economic, the media firm said in a filing to BSE. Net sales during the quarter under analysis stood at Rs 148.68 crore, gain 17.89%, as compared to Rs 126.11 crore in the year-ago time. 

JK Tyre Q3 net up 20.5% at Rs 110.64 cr
JK Tyres & Industries noted 20.5% boost in merged net revenue at Rs 110.64 crore for the Q3 closed Dec. 31, 2015. The company had posted merged net revenue of Rs 91.81 crore in the same time previous fiscal. Net sales during the time in review stood at Rs 1,597.74 core as against Rs 1,825.76 crore in the same time a year ago, fall 12.48%, JK Tyres & Industries said in a BSE filing.

Balrampur Chini back in black with Rs 87.80 cr profit in Q3
Balrampur Chini Mills, the country's second leading sugar firm, noted a standalone net revenue of Rs 87.80 crore for the quarter closed December 31, on account of lesser expenses and financial costs. It had posted a net fall of Rs 65.69 crore in the year-ago time, the company said in a BSE filing. Net sales stayed flat at Rs 848.88 crore in the (Oct-Dec) time of 2015-16 fiscal, as against Rs 841.69 crore in the same time last year. 

Monsanto India Q3 net profit down by 17.68%
Agri-biotechnology major Monsanto India posted a 17.68% fall in standalone net revenue to Rs 40.76 crore in the Q3 of present fiscal. The company's net revenue stood at Rs 48.34 crore in the same quarter corresponding year, it said in a BSE filing. Total income continued upper at Rs 153.6 crore in the (Oct-Dec) time of 2015-16, from Rs 133.8 crore in the year-ago time, Monsanto India said.

SRF Q3 net profit up 41% to Rs 101 crore
SRF Ltd, manufacturer of technical textiles, chemicals and polymers, noted a 41% leap in its merged net revenue to Rs 101 crore for the Q3 closed Dec. 2015. The company had posted net revenue after taxes, minority interest and share of revenue of associates at Rs 71.4 crore during the same quarter of the last fiscal. However, the net sales of the company fallen to Rs 1,097.37 crore during the (Oct-Dec) quarter of 2015-16 from Rs 1,113.15 crore in the same time of the last fiscal, SRF Ltd said in a report.

Polaris consulting reports 6.9% decline in Q3 net profit

Digital transformation solutions provider Polaris Consulting and Services has recorded a 6.9% fall in net revenue at Rs 36.5 crore for the Q3 to December. Revenue stood at Rs 39.3 crore in the same quarter of the last year, the Chennai-based company said in a report. Total income from software development, support and BPO services grew to Rs 517.6 crore, from Rs 474.7 crore a year previous.

Bombay Dyeing Q3 loss widens to Rs 78.15 crore

Bombay Dyeing and Manufacturing has noted widening of its standalone net fall at Rs 78.15 crore for the Q3 closed Dec. 31. The company had posted a standalone net fall of Rs 65.93 crore for the same time previous economic, Bombay Dyeing said in a BSE filing. Its net sales on standalone basis fallen by 35.12% to Rs 325.77 crore during the time as against Rs 502.18 crore in the corresponding quarter previous fiscal.

Indsil Hydro Power net profit down 11% at Rs 4.21 cr

Indsil Hydro Power and Manganese Ltd today noted a 11% drop in standalone net revenue at Rs Rs 4.21 crore for the Dec. quarter. The company's net revenue in the corresponding time of the last fiscal stood at Rs 4.77 crore. Its total income from operations increased to Rs 28.48 crore in the quarter under review compared with Rs 27.68 crore during the same quarter in the year-ago time, the company said in a report. The profits of the company from ferro alloys increased to Rs 26.19 crore in Q3 as against Rs 25.72 crore a year ago. Similarly, profits from hydro power also improved to Rs 8.76 crore in the quarter in review compared to Rs 7.5 crore in the same time previous fiscal. Stocks of the company were trading 1.80% gain at Rs 39.10 on BSE.

Inox Wind Q3 disappoints, profit up 2% on other income support

Inox Wind disappointed analysts with Q3 earnings on Monday. Merged revenue improved 2% y-o-y to Rs 103 crore, sustained by other income but impacted by sluggish profits expansion and bad operational performance. Profits increased 0.9% to Rs 941 crore in quarter closed Dec. 2015 compared to Rs 932 crore in corresponding quarter of previous fiscal.

Piramal Enterprises Q3 net profit at Rs 322 crore 

Piramal Enterprises on Monday noted merged net revenue of Rs 321.71 crore and net sales at Rs 1,847.71 crore for the Dec. quarter. The company had posted net revenue of Rs 249.02 crore and net sales of Rs 1,385.12 crore during the same time previous fiscal.

Westlife Development Q3 net profit at Rs 23.25 lakh
Restaurant chain operator Westlife Development noted merged net revenue at Rs 23.25 lakh in the quarter closed December 31, 2015. The company, which operates McDonald's restaurants in West and South markets through its subsidiary Hardcastle Restaurants, had noted a fall of Rs 4.69 crore in the same quarter a year-ago, Westlife Development said in a BSE filing. Company's net sales on merged basis during the Oct-Dec time were gain 8.17% to Rs 210.28 crore as against Rs 194.38 crore in same quarter of the previous fiscal. 

Share Shoppe is an initiative by Swastika Investmart Limited, a 22 year old and one of the best brokerage companies in India. In Share Shoppe, we’ve deployed a team of IIT Delhi alumni along with Chartered Accountants and share, commodity and currency market veterans. This mixture of academia will ensure best possible trading and Back office software, transparent services and innovative offers like never before. With exponentially growing internet penetration and network reliability, we feel faster and easy to use online trading platforms are the future of Indian financial markets. We’ve come up with a hybrid model comprising of older retail broking services and the newer and cheaper online discount brokerage models.