Godrej Consumer Q4FY19 PAT rose 52% at Rs935cr
Godrej Consumer Products Limited (GCPL), a leading emerging markets FMCG company, has reported a 52% increase in its Q4FY19 net profit at Rs935.2cr against Rs617.19cr in a year ago period. However, its revenue declined by 3% at Rs2, 452.6cr against Rs2531.15cr in Q4FY18.
The company Q4FY19 net profit without exceptions and one-off items increased by 1% to Rs297cr.
Consolidated constant currency sales increased by 4% on yoy basis, constant currency EBITDA declined by 3%, the company said in the filing.
Cipla announces phased launch of generic version of Sensipar
Shares of Cipla rose ~1% on the BSE during Friday trade after the company said in the filing that the company and its subsidiary Cipla USA, Inc., announced a phased launch of generic cinacalcet hydrochloride tablets (30mg, 60mg and 90mg) in the USA. The launch is a subject of ongoing litigation, the company said in the filing
Cipla's cinacalcet hydrochloride tablets (30mg, 60mg and 90mg) is AB-rated generic therapeutic equivalent version of Sensipar, a branded drug marketed by Amgen, Inc, the company added.
DLF transfers Noida mall to its subsidiary for Rs2,950cr
Shares of DLF gained 2% in the morning trade and among the top gainers in the Nifty Realty index in today trade.
DLF on Thursday said in a BSE filing that it has transferred shopping mall in Noida, Uttar Pradesh, to its subsidiary firm for Rs2,950cr, as part of efforts to settle dues of its joint venture firm with GIC.
The transfer of DLF Mall of India to Paliwal Real Estate was done at arm's length, as part of efforts to settle dues of its joint venture firm with GIC.
Tata Power's Q4FY19 Standalone PAT at Rs99cr
Tata Power's Q4FY19 Standalone PAT came in at Rs99cr vs. Rs391cr in Q4FY18. Consolidated PAT for Q4FY19 before exceptional item stood at Rs259cr, up 119% from Rs118cr in Q4FY18. Standalone Revenue (including regulatory income/expense) was up 15% at Rs2, 119cr as compared to Rs1, 836cr in the corresponding quarter last year.
EBITDA for the quarter was up 35% at Rs1, 879cr as compared to Rs1, 391cr in Q4FY18 mainly driven by Mundra UMPP, renewable business and a good operational performance by all the existing businesses.
JSW enters paints business with Rs600cr investment
The JSW Group has entered paints business with a plan to set up two manufacturing facilities at Vasind in Maharashtra and Vijayanagar in Karnataka at an investment to the tune of Rs600cr.
As per a media report, JSW Paints, the promoter-owned company, will produce both decorative and industrial paints. It has set up an automated coil coatings facility, with an annual capacity of 25,000 kilolitres (kl) and a water-based decorative paints plant of 1, 00,000 kl capacity.
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