TOP CORPORATE NEWS - 28 JULY 2016

                                                             
Sintex Ind Q1: Cons Net Profit +11.8% at Rs76 Cr Vs Rs68 Cr (YoY)

Sintex Ind Q1: Cons Net Profit +11.8% at Rs76 Cr Vs Rs68 Cr (YoY)

Cons Total Income +16.5% at Rs.1, 700.5 Cr Vs Rs.1, 459 Cr (YoY)

Cons EBITDA +28.3% at Rs.290 Cr Vs Rs.226 Cr (YoY)

EBITDA Margin At 17.1% Vs 15.5% (YoY)

Other Income -67.7% at Rs.6.1 Cr Vs Rs.18.9 Cr (YoY).

Escorts Q1 net profit up 33% (YoY)

Escorts has announced the following Unaudited Standalone results for the quarter ended June 30, 2016 (YoY):

Net Profit gained by 33.48% to Rs46.96 crore Vs Rs35.18 crore (YoY).

Total Income increased by 9.10% to Rs1061.84 crore Vs Rs973.24 (YoY).

Bajaj Auto to introduce products in premium segment

Bajaj Auto will introduce products in the both the premium (Pulsar 400 and KTM Husky, V Series) and the commuter segment (upgraded Platina) in FY2017 to boost market share in the domestic motorcycle space.

GST - Consensus are building on clearance of GST bill

GST - Consensus are building on the clearance of GST bill; Cabinet removed the controversial one percent manufacturing tax from the constitutional bull (key demand of opposition) – positive for GST beneficiary stocks / sectors

In a positive push for the Goods and Services Tax (GST) Bill, the Cabinet gave green signal to GST Constitutional Amendment Bill.

The Cabinet has removed the controversial one percent manufacturing tax from the Constitutional Bill, which was one of the demands of the Opposition, led by Congress.

Torrent Pharma Q1 consolidated net profit down 55% (YoY)

Torrent Pharmaceuticals has announced the following Q1 audited results for the quarter ended June 30, 2016 (YoY):

Standalone

The Company has posted a net profit of Rs337.00 crore Vs Rs839.00 crore.

Total Income decreased to Rs1367.00 crore Vs Rs1943.00 crore.

Consolidated

The Group has posted a net profit of Rs292.00 crore Vs Rs650.00 crore.

Total Income decreased to Rs1571.00 crore Vs Rs2022.00 crore.

                                   

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