ICICI Bank: Country’s largest private sector lender ICICI Bank on Wednesday reported manifold jump in standalone net profit to Rs 2,024.64 crore for the quarter ended March 31. The bank had made a net profit of Rs 701.89 crore in the January-March quarter of the preceding fiscal 2015-16.
V-Mart Retail: Multi-brand retail chain V-Mart reported a standalone net profit of Rs 4.99 crore for the fourth quarter ended March 31, 2017. It had posted a net profit of Rs 0.48 crore in the corresponding period of last fiscal.
Merck: Drug firm MerckBSE 4.47 % posted a 76.42 per cent increase in its net profit at Rs 14.82 crore for the quarter ended on March 31. The company had posted a net profit of Rs 8.40 crore during the January-March period a year-ago, Merck LtdBSE 4.47 % said in a BSE filing.
Shriram City: The company on Wednesday reported over 78 per cent decline in standalone net profit to Rs 12.04 crore in the fourth quarter ended March 31, due to trailing affects of demonetisation and RBI prudential norms on bad loans. Chennai-based Shriram City Union FinanceBSE -0.90 % had posted a profit of Rs 55.49 crore in the corresponding quarter of 2015 -16.
PVR and Inox Leisure: The listed multiplex companies, including PVR and Inox LeisureBSE -0.84 %, are expected to be affected partially in the short term by the Karnataka government’s decision to cap movie ticket prices at Rs 200, inclusive of taxes. However, the medium-term impact depends on the extent of theatre occupancy once the decision is implemented and quality of movie content.
Reliance Communications: Reliance Communications undersea cable arm Global Cloud Xchange has entered into an agreement with two other companies to provide cloud computing services.
Earnings today: Cera Sanitaryware, Godrej PropertiesBSE -1.14 %, HDFC, IIFL, MCX, MRF, Oberoi RealtyBSE 1.33 % and Tata Communications will announce their financial results for the quarter ended March 31, 2017 on Thursday.
Arvind: Textiles firm Arvind Ltd said its board will meet next week to consider raising up to Rs 500 crore through issuance of non convertible debentures (NCDs).
Amtek Auto: New York-based DA Capital and Asian special situations investor SSG Capital Management are bidding for the promoters’ stake in four Amtek Group entities after a consortium of lenders that controls the company decided to sell shares to retrieve money owed to them. Lenders have decided to auction stakes in Amtek AutoBSE 4.30 %, Metalyst Forgings, Castex Technologies and Amtek Ring Gears Ltd, according to sources.
Bombay Burmah TradingBSE 0.44 % Corporation: The company announced that it has issued commercial paper for an aggregate amount of Rs 50 crore on 3 May 2017 for 86 days.