Reliance Communications: Moody’s Investors Service has downgraded Reliance Communications’ corporate family rating and senior secured bond rating on account of weak performance and “fragile” liquidity position.
Monnet Ispat: The company on Tuesday reported widening of standalone net loss at Rs 459.5 crore for the fourth quarter ended March 2017. Its net loss stood at Rs 438.6 crore during January-March 2016.
HCL Infosystems: IT company HCL InfosystemsBSE -0.73 % said its consolidated net loss has narrowed to Rs 124.11 crore for the fourth quarter ended March, 2017. Its net loss stood at Rs 154.6 crore during January-March 2016, HCL Infosystems said in a BSE filing.
Gujarat NRE Coke: Coking coal producer Gujarat NRE CokeBSE -1.46 % said its consolidated net loss narrowed to Rs 330.6 crore for the fourth quarter ended March 2017. Its net loss stood at Rs 366.7 crore during January-March 2016.
Bhushan Steel: Debt-laden Bhushan SteelBSE -0.12 % reported widening of net loss to Rs 756.76 crore for the fourth quarter ended March 31, 2017. The embattled firm had posted a net loss of Rs 657.56 crore in the year-ago period.
Uflex: Packaging company UflexBSE 4.86 % has reported a 25.62 per cent increase in consolidated net profit at Rs 98.19 crore for the fourth quarter ended March 31, 2017. It had posted a net profit of Rs 78.16 crore during the January-March quarter a year ago.
Jet Airways: The airline company on Tuesay posted nearly 95 per cent fall in consolidated net profit at Rs 23 crore in the three months ended March 2017 as higher fuel prices and lower fares took a toll on its bottomline. Even though the full service airline carried more number of passengers in the quarter under review, it had a higher net profit of Rs 426 crore in the three months ended March 2016.
MTNL: State-run telecom firm MTNLBSE -1.18 % posted a net loss of Rs 634.8 crore for the quarter ended on March 31, 2017. The company had posted net profit of Rs 188.64 crore in the same period a year ago.
NHPC: State-run NHPCBSE -0.17 % reported a 31 per cent decline in standalone net profit at Rs 168.42 crore in the fourth quarter ended March, due to lower income. The company’s standalone net profit was Rs 245.48 crore in the corresponding quarter of 2015-16, NHPC Ltd said in BSE filing.
State Trading Corporation: Government-owned State Trading CorporationBSE -0.21 %’s net profit more than halved to Rs 7.95 crore in the fourth quarter ended March 2017. The company recorded a profit of Rs 16.66 crore during January-March 2016, the company said in a BSE filing.