Larsen & Toubro: Engineering conglomerate Larsen & Toubro (L&T) on Saturday reported 38.86 per cent rise in consolidated net profit at Rs 972.47 crore for the quarter ended December 31, 2016 against Rs 700.34 crore reported for the corresponding quarter last year.
Justdial: Local search engine Justdial on Saturday reported a 5.90 per cent rise in net profit at Rs 27.44 crore for the third quarter ended December 31, 2016. The company had reported a net profit of Rs 25.91 crore in the corresponding quarter a year ago.
Gujarat AlkaliesBSE -1.38 % & Chemicals: The company has posted a whopping 229.53 per cent rise in net profit at Rs 47.32 crore in the third quarter ended December 31 from Rs 14.36 crore recorded in the same period last year.
Tata Coffee: Tata Coffee reported 3.41 per cent fall in consolidated net profit at Rs 41.01 crore during the third quarter ended December 31, 2016 of the current fiscal on higher expenses. The company’s net profit stood at Rs 42.46 crore in the year-ago period.
Earnings Today: Bajaj FinservBSE 0.54 %, Bajaj FinanceBSE 1.70 %, Dish TVBSE -1.92 %, HDFC, PfizerBSE 0.12 % and Tech MahindraBSE -0.33 % will announce their financial results for the quarter ended December 31, 2016 on Monday.
Maruti Suzuki: The auto major on Friday announced a price increase in range of Rs 1,500-Rs 8,014 (ex-showroom New Delhi) across models.
Bharat Electronics: Defence PSU Bharat ElectronicsBSE 4.91 % said it will split its shares in the ratio of 1:10, which will make the scrip more affordable to investors and increase market liquidity.
GPT Infraprojects: The company said it has won a Rs 90.5 crore contract in a joint venture from IRCON International for works related to Kiul-Gaya railway line.
ITC: Global brokerage houses CLSA and Goldman Sachs maintained ‘Buy’ on ITCBSE 0.78 % with a target price of Rs 263 and Rs 300, respectively. FMCG to cigarette major ITC LtdBSE 0.78 % on Friday a 5.7 per cent rise in its standalone net profit to Rs 2,646.73 crore in the quarter ended December 31, 2016 as compared to Rs 2,503.76 crore in the corresponding quarter last year.
Om MetalsBSE 3.22 % Infraprojects: The company announced that it has secured in its joint venture (Om Metals – SPML) a letter of intent (LOI) from Office of Director General, Rwanda Agriculture Board from the work related to Development of Irrigation and Watershed Development in Mpanga Sector (LOT 1) in Rwanda (Africa) for $1,65,84,644