Tuesday, 21 November, 2017

NMDC net profit up 10% at Rs

NMDC net profit up 10% at Rs NMDC net profit up 10% at Rs
Conrad Doyle | 15 November, 2017, 02:44

Solar Industries India today reported a 24 per cent increase in its net profit at Rs 45.74 crore for the September quarter.

GAIL's net profit for the same quarter a year ago was Rs 924.65 crore, the company said in a statement here.

GAIL's Profit before Tax (PBT) for the second quarter increased by 40% to Rs. 1,927 crore against Rs. 1,375 crore in the corresponding quarter of the last fiscal.

The gas utility marketed 5 per cent more gas by volume during the quarter in consideration, the statement said.

GAIL's PAT in the second quarter of FY 2017-18 rose by 28% vis-à-vis the first quarter of current financial year, from Rs. 1,026 crore to Rs. 1,310 crore largely on account of better performance in Natural Gas Transmission and Natural Gas Marketing segment.

Net Profit was expected at Rs 1,119 crore, EBITDA at Rs 1,973 crore and EBITDA margin at 15.3 percent, according to average of estimates of analysts polled by CNBC-TV18.

Revenue dropped marginally by around 1per cent to Rs12,409.65 crore.

UBI's total income at Rs. 2,584.9 crore dipped from the Rs. 2,893.3 crore level a year earlier, while its net interest income at Rs. 376 crore remained flat on a year-on-year basis.

Shares of Bata today settled at Rs 783.30 on BSE, down 0.68 per cent from previous close.

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