EOD update 15-05-2019


Muthoot Finance to raise Rs 1,000 crore via NCDs
The funds raised through this issue will be utilised primarily for lending activities of the company.

Japan Takes India To World Trade Body Over Mobile Phone Import Duties

Some of the tariffs on goods of substantial interest to Japan were now “clearly in excess” of the rates allowed by the WTO, Japan said

Jayant Agro Q4 net profit up 51 pc at Rs 13.32 cr
Net income for the January-March quarter increased to Rs 221.64 crore from Rs 203.07 crore in the year-ago period.

Adani to develop container terminal port in Myanmar
The land where the port is proposed to be built has been leased from the Myanmar Economic Corporation (MEC).

Bad Loans Recovery Via Insolvency Law In FY19 At Rs 70,000 Crore: CRISIL

Though keeping to the resolution timeline remains a challenge, the implementation of the IBC process is largely on track, said Crisil

Jaypee Infratech Creditors To Vote On NBCC’s Revised Bid: Report

The voting process would start on Thursday and end on Sunday, sources said, adding that the results would be declared on May 20

L&T Realty eyes Rs 3,200 cr revenues from Navi Mumbai project
The 10-acre parcel, the first transit-oriented development in India coming up near the Seawoods Darave railway station, has a development potential of 1.5 million sqf

Snowman Logistics Q4 net profit jumps 188% to Rs 5.42 cr
The total income for the January-March quarter increased 15 per cent to Rs 59.80 crore as against Rs 51.82 crore for the same period in the previous year.

Paytm Mall Says Up To Rs 10-Crore Cashback Fraud Detected

According to Forrester Research, the market share of Paytm Mall almost halved in 2018 — to 3 per cent from 5.6 per cent in 2017.

Ravi Narain gets interim relief from SAT
The appeals will now be heard on July 22 after Sebi files its reply.

Westlife Development Q4 net profit up 8% at Rs 7.14 cr
The company had reported a net profit of Rs 6.61 crore in the corresponding quarter of 2017-18.

Siemens Q2 PAT Rs 280.3 Cr vs Rs 219.7 Cr, Up 27.6% YoY

Revenue From Ops Rs 3,461 Cr vs Rs 3,163 Cr, Up 9.4% YoY Other Income At Rs 83 C

JETAirways: CEO Vinay Dube Resigns With Immediate Effect, Vinay Dube Had Joined The Airline As CEO In Aug 2017

Zee Media slumps after downbeat March-quarter revenue
Zee Media reported March-quarter consolidated loss of Rs 86.66 crore ($12.34 million)

Zee Media Consolidated March 2019 Net Sales at Rs 169.35 crore, down 5.79% Y-o-Y

Karur Vysya says it doesn’t require to make a disclosure w.r.t divergence for FY18. Despite deterioration in asset quality, provision coverage ratio has declined QoQ.

Gateway Distriparks says current debt at around Rs 800 cr, post restructuring.

The co is confident of paring further debt by export incentive & internals.

Quick Heal Tech Standalone March 2019 Net Sales at Rs 85.35 crore, down 27.9% Y-o-Y

IIFL Holdings Consolidated March 2019 Net Sales at Rs 1,411.52 crore, up 38.62% Y-o-Y

Pidilite Ind Consolidated March 2019 Net Sales at Rs 1,638.93 crore, up 10.34% Y-o-Y

Fineotex Chem Consolidated March 2019 Net Sales at Rs 50.26 crore, up 24.95% Y-o-Y

Welspun Corp Consolidated March 2019 Net Sales at Rs 2,756.12 crore, up 66.14% Y-o-Y

Karur Vysya Bank dips 5% post Q4 numbers
The gross NPA was at 8.79 percent, while net NPA at 4.98 percent, QoQ.

NSE fines 250 companies for non-compliance with listing regulations

Jubilant Foodworks Q4 net profit up 8% at 73.9 crore
Revenue of the company rose 11 percent at Rs 865 crore against Rs 780 crore.

Newgen Software Standalone March 2019 Net Sales at Rs 187.99 crore, up 11.25% Y-o-Y

Key Corporation Standalone March 2019 Net Sales at Rs 0.93 crore, down 28.24% Y-o-Y

Mah Scooters Standalone March 2019 Net Sales at Rs 3.40 crore, up 6.25% Y-o-Y

Keynote Finance Standalone March 2019 Net Sales at Rs 1.10 crore, down 71.54% Y-o-Y

Taj GVK Hotels Standalone March 2019 Net Sales at Rs 87.04 crore, up 4.44% Y-o-Y

Radix Ind Standalone March 2019 Net Sales at Rs 1.47 crore, down 58.61% Y-o-Y

Classic Filamen Standalone March 2019 Net Sales at Rs 0.61 crore, down 2.79% Y-o-Y

Govt plans to sell 15% more in RITES; may fetch Rs 700 crore
Railways consultancy firm RITES got listed on the bourse in July 2018 after it raised about Rs 466 crore through an IPO.

Lupin Q4 net profit at Rs 289.6 crore, revenue up 9%
The company has also mentioned an exceptional loss of Rs 2.2 crore providing for fine related to Perindopril litigation.

Sembcorp Energy posts 12% rise in Q1 profit at Rs 385 crore
Sembcorp Energy India Ltd (SEIL) reported a turnover of about Rs 8,873 crore in the quarter under review.

Magma Fincorp Standalone March 2019 Net Sales at Rs 567.16 crore, up 3.11% Y-o-Y

Amarnath Sec Standalone March 2019 Net Sales at Rs 0.10 crore, up 5.76% Y-o-Y

Anjani Cement Standalone March 2019 Net Sales at Rs 120.24 crore, up 21.27% Y-o-Y

Zuari Agro Chem Consolidated March 2019 Net Sales at Rs 1,999.64 crore, up 17.52% Y-o-Y

Vikesh Kumaar Kataria

Experienced Founder of Brokers Bazaar with a demonstrated history of working in Skilled in RMS from various big corporate giants, Analytical Skills, Banking, Entrepreneurship, Digitalisation and Equities with Strong entrepreneurship professionalism. Experienced Co-Founder with a demonstrated history of working in the logistics and supply chain industry.

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