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Varroc Engineering has agreed to acquire 74% stake in the Pune-based CarIQ Technologies, a leading integrated connected vehicle solution provider to OEMs, fleet owners and insurance companies. This transaction will complement Varroc’s connected vehicle product offerings such as instrument clusters, telematic devices and other data based analytical product offerings.

Vascon Engineers is one of the foremost listed real estate companies headquartered in Pune with over 30 years of experience delivering 200+ projects spanning over 50 million square feet of landmark developments across residential, industrial, IT parks, malls and multiplexes, hospitality and community welfare centers.

The revenue for the June 2019 quarter is pegged at Rs. 6009.28 millions, about 24.72% up against Rs. 4818.40 millions recorded during the year-ago period.An average growth of 29.97% was recorded for the quarter ended June 2019 to Rs. 210.21  millions from Rs. 161.74 millions.Operating profit for the quarter ended June 2019 rose to 545.97 millions as compared to 462.25 millions of corresponding quarter ended June 2018.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  201906 201806 % Var 201906 201806 % Var 201903 201803 % Var
Sales 6009.28 4818.40 24.72 6009.28 4818.40 24.72 21925.56 21393.34 2.49
Other Income 35.70 67.36 -47.00 35.70 67.36 -47.00 175.35 173.24 1.22
PBIDT 545.97 462.25 18.11 545.97 462.25 18.11 1830.28 1569.70 16.60
Interest 171.62 164.08 4.60 171.62 164.08 4.60 764.44 852.95 -10.38
PBDT 374.35 298.17 25.55 374.35 298.17 25.55 1065.84 716.75 48.70
Depreciation 58.77 54.81 7.22 58.77 54.81 7.22 233.62 181.02 29.06
PBT 315.58 243.36 29.68 315.58 243.36 29.68 832.22 535.73 55.34
TAX 105.37 81.62 29.10 105.37 81.62 29.10 287.37 116.17 147.37
Deferred Tax -2.37 -0.55 330.91 -2.37 -0.55 330.91 7.43 -14.75 -150.37
PAT 210.21 161.74 29.97 210.21 161.74 29.97 544.85 419.55 29.87
Equity 319.85 319.85 0.00 319.85 319.85 0.00 319.85 319.85 0.00
PBIDTM(%) 9.09 9.59 -5.30 9.09 9.59 -5.30 8.35 7.34 13.77

Shree Cement has reported results for first quarter ended June 30, 2019.

The company has reported 29.89% rise in its net profit at Rs 363.03 crore for the quarter under review as compared to Rs 279.48 crore for the same quarter in the previous year. However, total income of the company decreased by 2.40% at Rs 3087.55 crore for Q1FY20 as compared Rs 3163.54 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 36.84% in its net profit at Rs 382.28 crore for the quarter under review as compared to Rs 279.36 crore for the same quarter in the previous year. Total income of the company increased by 6.04% at Rs 3354.75 crore for Q1FY20 as compared Rs 3163.80 crore for the corresponding quarter previous year.

Spicejet has reported results for first quarter ended June 30, 2019.

The company has reported net profit of Rs 261.67 crore for the quarter under review against net loss of Rs 38.06 crore for the same quarter in the previous year. Total income of the company increased by 39.59% at Rs 3,145.26 crore for Q1FY20 as compared Rs 2,253.29 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit of Rs 262.89 crore for the quarter against net loss of Rs 35.58 crore for the same quarter in the previous year. Total income of the company increased by 39.55% at Rs 3,146.05 crore for Q1FY20 as compared Rs 2,254.48 crore for the corresponding quarter previous year.

Meghmani Organics has reported results for first quarter ended June 30, 2019.   

The company has reported 66.70% fall in its net profit at Rs 28.33 crore for the quarter under review as compared to Rs 85.07 crore for the same quarter in the previous year. However, total income of the company increased by 40.76% at Rs 454.65 crore for Q1FY20 as compared Rs 323.01 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported marginal rise of 0.96% in its net profit at Rs 77.81 crore for the quarter under review as compared to Rs 77.07 crore for the same quarter in the previous year. Total income of the company increased by 26.37% at Rs 619.98 crore for Q1FY20 as compared Rs 490.62 crore for the corresponding quarter previous year.  

Cochin Shipyard has launched two ro-pax (roll-on roll-off passenger) vessels designed and built by it for the Inland Waterways Authority of India (IWAI). These vessels are the third and fourth vessels in the series of 10 vessels order from IWAI.

Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India. The company caters to clients engaged in India’s defence segment and global commercial shipping sector.

Subex has released the findings of its State of Internet of Things (IoT) Security Report for the second quarter (April-June 2019) of this calendar year in New Delhi. The report, based on threat intelligence data gathered from across 15 cities all over India,outlines key sectors being attacked, the methods of attack, malware, and variants deployed, key cities that are being attacked and studied by hackers, malware developers and hacktivist groups.

Subex is a leading telecom analytics solutions provider, enabling a digital future for global telcos.


Andhra Bank has reported results for first quarter ended June 30, 2019.

The Bank has reported net profit of Rs 51.56 crore for the quarter under review against net loss of Rs 539.83 crore for the same quarter in the previous year. Total income of the Bank increased by 6.77% at Rs 5,437.03 crore for Q1FY20 as compared Rs 5092.08 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported net profit of Rs 33.91 crore for the quarter under review against net loss of Rs 543.02 crore for the same quarter in the previous year. Total income of the Bank increased by 7.68% at Rs 5,723.60 crore for Q1FY20 as compared Rs 5315.56 crore for the corresponding quarter previous year.

JSW Steel is not keen on the forthcoming Odisha auctions as it is not willing to pay a premium given the demand slowdown for steel and an economy in tatters.

The bidding for Odisha iron ore mines will be conducted in two phases, with the first this month and the second in September, and eight mines are expected to auctioned in the August round.

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.

Hindustan Petroleum Corporation (HPCL) has achieved domestic sales volume of 9.82 MMT in Q1FY20 with a growth of 1.7% over historical. The sales of Motor Spirit (Petrol) increased by 8.4%, High Speed Diesel by 1.7%, Value Added Lubes by 11% and Bitumen by 13% as compared to Q1 of 2018-19.

HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.

Jindal Steel & Power (JSPL) has denied payment defaults. The company said all speculations/rumours with respect to payment default are baseless and false in nature.
As per the company, the business is going on as usual & normal and the company is generating adequate cash. So much so, that the company has prepaid Rs 300 crore towards non-convertible debentures (NCDs), earlier than its due date.

JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.

Larsen & Toubro (L&T), HDFC Bank and Paytm have donated about Rs 15 crore to the Chief Minister's Relief Fund in Bihar. The chief minister lauded the three corporate entities for displaying their commitment towards social causes.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

Max India has reported results for first quarter ended June 30, 2019.

The company has reported a net loss of Rs 7.31 crore for the quarter under review as against net profit of Rs 1.38 crore for the same quarter in the previous year. However, total income of the company increased by 13.97% at Rs 16.64 crore for Q1FY20 as compared Rs 14.60 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 94.87 crore for the quarter under review as compared to net loss of Rs 25.26 crore for the same quarter in the previous year. Total income of the company decreased by 11.75% at Rs 38.00 crore for Q1FY20 as compared Rs 43.06 crore for the corresponding quarter previous year.

GAIL (India) has reportedly offered 3 cargoes of liquefied natural gas (LNG) for loading from the Cove Point terminal in the United States. The cargoes are offered for loading over October, November and December.

GAIL India is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.

NBCC India has reported results for first quarter ended June 30, 2019.

The company has reported a fall of 62.61% in its net profit at Rs 25.30 crore for the quarter under review as compared to Rs 67.66 crore for the same quarter in the previous year. Total income of the company decreased by 22.56% at Rs 1,294.26 crore for Q1FY20 as compared Rs 1,671.33 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 37.90% in its net profit at Rs 51.46 crore for the quarter under review as compared to Rs 82.86 crore for the same quarter in the previous year. Total income of the company decreased by 15.86% at Rs 1,941.74 crore for Q1FY20 as compared Rs 2,307.82 crore for the corresponding quarter previous year.

Alembic Pharmaceuticals has received tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Bimatoprost Ophthalmic Solution, 0.01%.

The tentatively approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), LUMIGAN ophthalmic solution 0.01%, of Allergan Inc. Bimatoprost Ophthalmic Solution, 0.01% is indicated for the reduction of elevated intraocular pressure in patients with open angle glaucoma or ocular hypertension. According to IQVIA, Bimatoprost Ophthalmic Solution, 0.01% has an estimated market size of $704 million for twelve months ending December 2018.

Alembic now has a total of 100 ANDA approvals (88 final approvals and 12 tentative approvals) from USFDA.

Alembic Pharmaceuticals, a vertically integrated research and development pharmaceutical company, has been at the forefront of Healthcare since 1907.

Hindustan Petroleum Corporation (HPCL) has agreed to rectify the shareholding pattern to include Oil and Natural Gas Corp (ONGC) as a promoter after it got a reprimand from capital markets regulator SEBI for refusing to recognise its majority shareholder.

The SEBI asked HPCL to re-file shareholding pattern to stock exchanges by August 13 for all quarters since ONGC acquired government's entire stake in the refiner in January 2018.

HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.

Mahanagar Gas has reported results for first quarter ended June 30, 2019.

The company has reported 32.66% rise in its net profit at Rs 170.24 crore for the quarter under review as compared to Rs 128.33 crore for the same quarter in the previous year. Total income of the company increased by 23.12% at Rs 851.53 crore for Q1FY20 as compared Rs 691.61 crore for the corresponding quarter previous year.

Mahanagar Gas (MGL) is a city gas distribution company. The company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and its adjoining areas and in the Raigad district in the state of Maharashtra.

Bajaj Finserv is offering water purifier insurance to safeguard finances against losses resulting from breakdown or damage to water filter. With the Water Purifier Insurance from Bajaj Finserv, the customer can avail a coverage of up to Rs 25,000. In case of total loss/damage of water filter, this sum can be used to buy a newer model. The customer can avail these benefits by paying a pocket-friendly premium of just Rs 249.

Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.

Quick Heal Technologies has reported results for first quarter ended June 30, 2019.

The company has reported 87.58% rise in its net profit at Rs 12.08 crore for the quarter under review as compared to Rs 6.44 crore for the same quarter in the previous year. Total income of the company increased by 10.85% at Rs 65.58 crore for Q1FY20 as compared Rs 59.16 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 94.76% in its net profit at Rs 11.90 crore for the quarter under review as compared to Rs 6.11 crore for the same quarter in the previous year. Total income of the company increased by 11.01% at Rs 66.05 crore for Q1FY20 as compared Rs 59.50 crore for the corresponding quarter previous year.

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