Wednesday, January 21, 2015


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Tata Elxsi Q3 consolidated net profit up 29% (YoY)
Tata Elxsi has announced the following Audited results for the quarter ended December 31, 2014 (YoY):Standalone: Net Profit rose by 33.20% to Rs28.60 crore Vs Rs21.47 crore (YoY).Total Income increased by 12.71% to Rs222.58 crore Vs Rs197.47 crore (YoY).

Net profit rose by 28.69% to Rs27.76 crore Vs Rs21.57 crore (YoY).Total Income increased by 11.84% to Rs221.82 crore Vs Rs198.97 crore (YoY).

Jindal Saw Q3FY15 PAT grows significantly
Jindal Saw Q3FY15 results: PAT grew significantly (after adjusting exceptional item); margin expanded as well. It reported net profit of Rs61.9 cr v/s Rs50 cr (up by 24% YoY) while adjusted net profit grew by 116% YoY (after adjusting exceptional items of Rs40 cr) with net margin expansion of 290bps.EBITDA increased by 44% YoY while revenue grew by modest 4% YoY to Rs1777 crore.

Crompton Greaves wins order worth Rs156 crore

Crompton Greaves sealed a deal through competitive bidding process, with PT PLN (Perusahaan Listrik Negara) Indonesia, for the manufacture and supply of 37 units of 60 MVA, 20 MVA and 150/20kV power transformers. The deal is valued around Rs156 crore (USD 26 million) and GC’s transformers would be installed across the network of PLN in 36 different substations.

TCS to manage digital transformation for Virgin Atlantic Airways
Tata Consultancy Services ( TCS) announced that it has been selected by Virgin Atlantic Airways ( VAA) to provide fully managed services to transform and optimise its IT processes, applications and infrastructure.TCS will set up a private cloud for Virgin Atlantic and provide services including infrastructure-as-a-service, End User Services and Application Support Services across the whole Virgin Atlantic's technology landscape.

Excel Crop drops post Q3FY2015 numbers
Shares of Excel Crop Care dropped 5% to Rs999 on NSE on Weak Q3 numbers, PAT down significantly. Reported net profit reported at Rs1 cr v/s Rs12.6 cr in previous year while revenue also declined by 19% YoY to Rs165.3 cr during the quarter.

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