TOP CORPORATE NEWS- 17 Aug 2016

Strides Shasun reports Q1 consolidated net profit at Rs26 cr

Strides Shasun has announced the following Q1 results for the quarter ended June 30, 2016

StandaloneThe Company has posted a net profit of Rs27.18 crore Vs Rs14.51 crore.

Total Income increased to Rs549.47 crore Vs Rs525.01 crore.

Tree House rallies as board approves merger with Zee Learn

Shares of Tree House surged 15% to Rs36.35 on NSE in an otherwise weak market after the board approved revised merger scheme with Zee Learn.Tree House shareholders will get one share of Zee Learn for each share in company.

BHEL bags order worth Rs169 crore on EPC basis

BHEL won orders worth Rs169 crore for setting up 30 MW of solar PV power plant on EPC basis.

The value of the order is very small considering the size of the company but the solar order trend is increasing gradually.

JK Lakshmi gets green signal for expansion project

JK Lakshmi Cement has received environment clearance for expansion of its limestone mine output in Rajasthan, entailing an investment of Rs120 crore, as per reports.

The company's proposal was to enhance the production capacity of its limestone mine located in Sirohi district from 8 million tonnes per annum (MTPA) to 13 MTPA. The mined limestone will be supplied to a cement plant in Sirohi.

Just Dial Q1 net profit up 8% (YoY)

Just Dial has announced the following Q1 Unaudited Standalone results for the quarter ended June 30, 2016 (YoY):

Net Profit rose by 7.98% to Rs38.93 crore Vs Rs36.05 crore (YoY).

Total Income increased by 14.06% to Rs204.95 crore Vs Rs179.68 crore (YoY).

PAT at Rs38.9 crore vs Rs36.1 crore, up 8% (YoY).

EBITDA at Rs29.3 crore vs Rs45.2 crore, down 35.2% (YoY).

EBITDA Margin at 16.6% vs 27.2% (YoY).

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