Tag Archive for financial

Key Highlights of Voltas’ Consolidated Financial Results

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

 

FY 2017-18

FY 2016-17

%

Rs. Crores

Rs. Crores

change

Profit after tax

578

520

11%

Profit before tax

805

720

12%

Total Income

6602

6307

5%

 The Board of Directors of Voltas Limited, the global air conditioning and engineering services provider of the Tata Group, today announced the Consolidated Financial Results (including the Consolidated Segment Report) for the quarter and year ended March 31, 2018. The Company has adopted Indian Accounting Standards (“Ind-AS”) from 1st April, 2016 and the accounts have been accordingly prepared.

 

Consolidated Results for the year ended March 31, 2018:

The Consolidated Total Income for the year ended March 31, 2018 was higher by 5%, at Rs. 6602 crores as compared to Rs. 6307 crores last year, owing to improved efficiencies across businesses. Profit before tax was higher by 12%, at Rs. 805 crores as compared to Rs. 720 crores not withstanding lower other income of Rs. 174 crores in the current year as compared to Rs. 212 crores last year. Profit after tax was also higher by 11%, at Rs. 578 crores as compared to Rs. 520 crores last year. Earnings per Share (Face Value per share of Re. 1) as at March 31, 2018 improved to Rs. 17.30 as compared to Rs. 15.64 last year. Total Comprehensive Income, including notional mark to market revaluation gains / losses on equity investments, foreign currency translations, etc. for the year was higher at Rs. 741 crores as compared to Rs. 601 crores last year. Read more

HINDUJA VENTURES LIMITED (‘HVL’) AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Description: Description: cid:image002.jpg@01CC882C.D63D4560

Standalone total income for the year end Rs. 242.60 Crores

PAT Rs. 125.65 Crores

 

Recommendation of Dividend at 175% for the financial year 2017-2018

 

The Board of HVL at its meeting held today approved audited standalone and consolidated financial results for the year ended March 31, 2018.

 

HVL Standalone Results: -

 

  • The net profit after tax stood at Rs.125.65 Crores for the financial year ended March 31, 2018 as against Rs. 102.90 Crores for the financial year ended March 31, 2017.

 

  • HVL on standalone basis reported a total income of Rs.242.60 Crores for the financial year ended March 31, 2018 as against Rs. 203.39 Crores for the financial year ended March 31, 2017.

 

Consolidated Financial Results: -

 

  • Consolidated total income for the financial year ended March 31, 2018 is Rs. 868.97 Crores as against to Rs. 826.00 Crores for financial year ended March 31, 2017.

 

  • Consolidated net loss after tax and minority interest for the financial year ended March 31, 2018 stood at Rs 255.54 Crores as against loss of Rs. 56.61 Crores for the financial year ended March 31, 2017. Read more

OnMobile Global Limited appoints Ganesh Murthy as Chief Financial Officer

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

OnMobile, the global leader in mobile entertainment, announces the appointment of Ganesh Murthy to the role of Chief Financial Officer.  Murthy’s appointment comes during a time of tremendous opportunity for OnMobile. In 2018, OnMobile will be expanding the suite of entertainment products to include video, gaming and sound – enabling telecommunications operators to deliver additional services to their customers. Read more

Ducati India introduces Ducati Financial Services

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

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Ducati India Pvt. Ltd., in partnership with Volkswagen Finance Private Limited (‘VWFPL’), launches Ducati Financial Services (DFS), which offers Ducati customers a personalized financing solution through the Ducati dealer network across India. Read more

Let women equally participate in financial investment

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Indian women have been taking responsibility of managing their careers along with their homes. Usually, this skill is passed on from mothers to their daughters. But when it comes to making financial decisions, her masculine counterpart takes the reins. It’s noticed that women find their comfort in gold investments or bank FDs. Read more

HINDUJA VENTURES LIMITED(‘HVL’) UN-AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2017.

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The Board of HVL at its meeting held today approved un-audited standalone financial results for the quarter and nine months ended December 31, 2017.

 

HVL Standalone Results:-

 

  • HVL on standalone basis reported a total income of Rs. 169.12 Crores for the nine months ended December 31, 2017 as against Rs. 173.91 Crores for the nine months ended December 31, 2016.

 

  • The net profit after tax for nine months ended December 31, 2017 stood at Rs. 88.80 Crores as against Rs. 88.39 Crores during nine months ended December 31, 2016. The Net Profit After Tax for the period ended grew by 0.47 %.

 

  • For the quarter ended December 31, 2017, the total income of the Company stood at Rs. 64.88 Crores compared to Rs 53.58 Crores for the quarter ended September 30, 2017 and Rs. 52.79 Crores for the quarter ended December 31, 2016.

 

  • The net profit after tax for the quarter ended December 31, 2017 stood at Rs. 33.76 Crores as against Rs. 29.55 Crores for the quarter ended September 30, 2017 and Rs. 35.99 Crores for the quarter ended December 31,2016. Read more

Foundation of Independent Financial Advisors press meet at 12:30 pm on Tuesday February 13, 2018 at Lotus Hall, Trident Towers, Nariman Point

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The Foundation of Independent Financial Advisors invites you to the launch and discuss the study on “An Examination of Indian Mutual Funds Investor’s Awareness” (A roadmap to improve MF penetration in India) in the presence of Eminent Fund House CEO’s….

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Ambuja Cement’s Chief Financial Officer honoured at ICAI Awards 2017

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By  K Ashwin  Mobile: 09920183006  Email:indianshowbusiness@gmail.com

Ambuja Cements Ltd Chief Financial Officer (CFO) Suresh Joshi was conferred with the ‘CA CFO Award in the Manufacturing Sector’ by Hon’ble Union Minister of Commerce and Industry Suresh Prabhu at the recently held ICAI Awards 2017 in the city. Read more