Monday, 29 May 2017

Q4FY17 :STOCK MARKET RESULTS UPDATES@ITC, PUNJ LIYOND up more than 4%

Escorts Limited  standalone revenue for the quarter came in at Rs. 1022.31 crore, registering 29.7% yoy increase. This was primarily driven by 28% yoy increase in revenues from agri machinery products.

Navneet Education on last Friday reported a standalone net profit of Rs 16.86 crore for the quarter ended March 31, 2017, an increase of 80.32%, as against Rs 9.35 crore in the same quarter of the previous fiscal.


Marksans Pharma standalone revenue for the quarter came in at Rs. 54 crore, registering 21.7% yoy decline.EBITDA for the quarter fell by 42.9% yoy to Rs. 4 crore with a corresponding margin contraction of 273 bps. EBITDA margin for the quarter stood at 7.4%. 

Punj Llyod, an infrastructure company, rallied over 5% as the company posted its earnings for the quarter ended March 2017.

ITC Shares of FMCG major ITC rose nearly 4 per cent, hitting 52-week high, on the Bombay stock Exchange after the company reported a 12.13 per cent growth in its standalone net profit at Rs 2,669.47 crore for the fourth quarter ended March 31, 2017

The company in its March quarter narrowed its losses to Rs 181.58 crore. In the previous quarter, it had posted a loss of Rs 396.15 crore, according to its BSE filing.



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