BPCL: The oil marketing company on Thursday posted a 47 per cent rise in net profit at Rs 2271.94 crore for the quarter ended December 31, 2016 against Rs 1545.15 crore in the corresponding quarter last year.
Tata Steel: Tata SteelBSE 0.98 % UK has signed a 100 million pound ($126 million) deal to sell its speciality steel business to Liberty House Group, as the firm’s Indian owner Tata Steel Ltd’s presses on with restructuring its European operations.
Tata TeleservicesBSE -1.51 % Maharashtra: The company on Thursday reported widening of losses for the three months ended December 31, 2016 at Rs 414.74 crore against Rs 77.14 crore in the same period of the previous year.
AurobindoBSE -3.20 % Pharma: Aurobindo PharmaBSE -3.20 % posted a 6.29 per cent rise in its consolidated net profit at Rs 578.59 crore for the third quarter ended December 2016. The company had posted a net profit of Rs 544.31 crore during the same period of previous fiscal.
Bombay Dyeing & Manufacturing Co: The company reported narrowing of net loss to Rs 52.97 crore for the third quarter ended December 31, 2016. Bombay Dyeing had posted a consolidated net loss of Rs 78.15 crore in the same period last fiscal.
Cairn India: Cairn IndiaBSE -0.29 % registered nearly 15-fold jump in net profit for the December quarter of the current fiscal, mainly on account of higher crude oil prices. Net profit of Rs 604 crore in the October-December quarter was 1,376 per cent higher than Rs 41 crore in the same period a year back.
JK TyreBSE -2.43 % & Industries: The tyre major reported 22.33 per cent decline in consolidated net profit at Rs 86.19 crore for the third quarter ended December 31, 2016, dragged down by higher raw material prices. The company had posted a consolidated net profit of Rs 110.97 crore in the same period last fiscal.
Bank of India: The bank reported a net profit of Rs 102 crore in the third quarter ended December 31, helped by healthy treasury income and lower provisioning. The lender had reported a net loss of Rs 1,506 crore in the same period last year. In the second quarter of FY17, it reported a profit of Rs 127 crore.
Insecticides (India): Agro-chemical firm Insecticides (India) has reported a more than five-fold jump in profit at Rs 5.38 crore for the quarter to December. Its net profit stood at Rs 1.02 crore in the year-ago period.
Steel Authority of IndiaBSE -2.50 % (SAIL): India’s largest steelmaker SAIL’s standalone net loss narrowed to Rs 794.8 crore for the quarter ended December 31, 2016, helped by higher gross sales. The company’s standalone net loss in the corresponding quarter of previous fiscal stood at Rs 1,481 crore.