Tag Archive for rs

Edelweiss announces Rs. 10,000 million Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs)

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

ECL Finance Ltd (ECLF), the NBFC arm of Edelweiss Group, today announced the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs. 1,000 each, aggregating to Rs. 2,500 million, with an option to retain over-subscription up to Rs. 7,500 million aggregating to a total of Rs. 10,000 million (Rs. 1,000 crores).

*The NCDs offer an effective yield of 10.20% p.a. for 39 months tenure, 10.42% p.a. for 60 months tenure and 10.64% for 120 months tenure.

CRISIL has rated the offering “CRISIL AA/Stable” and ICRA has given it a “[ICRA] AA (Stable)” indicating that the instruments are considered to have a high degree of safety for timely servicing of financial obligations and carry very low credit risk.

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Sun Group donates Rs 2 crore for Gaja cyclone relief work

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

(From L TO R) - Mr SL Narayanan, Group CFO, SUN Group, Mr K. Shanmugam, Group CEO, Sun Group handing over a cheque of Rs. 2 crore to Honourable Chief Minister Shri Thiru Edappadi Palaniswami

Mr K. Shanmugam, Group CEO, Sun Group alongwith Mr SL Narayanan, Group CFO, SUN Group handed over a cheque for Rs. 2 crore to Honourable Chief Minister Shri Thiru Edappadi Palaniswami towards the relief efforts currently underway in the cyclone affected districts of Tamil Nadu.

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Share India Securities H1FY19 Net Profit rises 30% to Rs 8.42Cr, Revenue grows 37.78% to Rs 80.26Cr

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

Share India Securities Ltd, leading knowledge and technology driven financial services group, has reported a strong financial performance for the (first half year of FY19 or FY19H1) six months period ended on 30 September 2018.

 

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Galaxy Surfactants Ltd. Total Revenue (including other income) at Rs. 1,401.5 Cr YoY growth of 17.0%

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

Galaxy Surfactants Limited, a leading manufacturer of performance surfactants and specialty care products with over 200 product grades used in Home and Personal Care industry, has announced its unaudited financial results for the Quarter ended September 30th, 2018.

 

Galaxy Surfactants Limited (Consolidated Results)

Particulars (Rs. Cr)

Q2 FY19

Q2 FY18

YoY%

H1 FY19

H1 FY18

QoQ%

Sales Volume (in MT)

51,792

48,235

7.4%

104,269

93,799

11.2%

Total Revenue*

687.2

612.9

12.1%

1,401.7

1,198.3

17.0%

EBITDA

88.8

76.6

15.9%

175.8

148.5

18.4%

PAT

46.3

40.8

13.5%

92.0

76.7

20.0%

 

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Ice Make H1FY19 Net Profit Rises 23.12 % to Rs 2.63 Crores Total Revenue up 40% to Rs 56.38 Crores

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

Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, has announced its financial results (Standalone & Consolidated) for the first half year ended September 30, 2018.
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Garware Technical Fibres Ltd. H1FY19 net profit rises by 18.8% to Rs. 64.3Cr

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

Garware Technical Fibres Ltd. (formerly Garware-Wall Ropes Ltd.), a leading manufacturer of technical textiles for the Indian and global markets, today announced its financial results for the second quarter and half year ended September 30, 2018.

Q2FY19 Highlights:

§ Net Sales grew by 27.1% to Rs.262 Cr in Q2FY19 as compared to Rs. 206 Cr in Q2FY18

§ Profit before tax grew by 17.4% to Rs. 48.7 Cr in Q2FY19 as compared to Rs. 41.5 Cr in the same quarter last year

§ Net profit (PAT) has grown by 17% to Rs. 32.9 Cr in the quarter as against Rs. 28.2 Cr in the corresponding period of FY18

§ EPS for the period is at Rs.15.05 in Q2FY19; this is a growth of 17% over Q2FY18

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Filatex India reports 50% YoY growth in NET PROFIT for Q2FY19 Q2 NET PROFIT Rs. 20.25 Cr vs Rs. 13.52 Cr YoY; up 50% Q2 Revenue Rs. 718 Cr vs Rs. 414 Cr; up 73%

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

Filatex India Limited, a leading manufacturer of synthetic man-made filament yarns, said its Q2FY19 NET PROFIT increased 50% to 20.25 crore rupees as the company opened a new production line. Revenue rose 73% to 718 crore rupees during the July-September quarter. The results are unaudited.

 

Key Financial Highlights:

 

Quarterly Performance:

 

Ø  Net Profit surged to Rs. 20.25 Cr in Q2FY19 from Rs. 13.52 Cr Q2FY18, up by 50% YoY

Ø  Standalone Revenue stood at 718 Cr in Q2FY19 from 414 Cr Q2FY18, up 73% YoY

Ø  EBITDA at Rs. 64.84 Cr in Q2FY19 from Rs. 36.08 Cr Q2FY18, up by 79% YoY

Ø  EBITDA margin rose to 9.03% Q2FY19 from 8.71% in the same period last year

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Aditya Birla Finance receives Rs. 1,000 Crore, 7-year ‘green’ loan from IFC

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

IFC, a member of the World Bank Group, has extended a 7-year longterm loan of Rs. 1,000 crore to Aditya Birla Finance Ltd. (ABFL), the NBFC arm of Aditya Birla Capital Limited (ABC). ABFL is a well-diversified non-banking finance company (NBFC) with a long term credit rating of AAA from both ICRA as well as India Ratings. ABFL will use the proceeds to finance renewable energy projects and help the country move towards its target of 175 GW of renewable energy capacity by 2022.

The IFC green loan, sanctioned in March 2018, is an Indian rupee loan under Track III of the Reserve Bank of India’s guidelines for external commercial borrowings.

India’s power sector is one of the largest in the world, but the country’s per capita consumption of electricity is less than a fourth of the global average. The government wants to provide electricity 24×7 to the entire country by 2019, while minimizing the impact on the environment. For that, it plans to increase the renewable energy capacity to 175 GW, comprising solar, wind, biomass, and small hydro, by 2022.

“We are delighted to partner with IFC, with which we have a very good relationship. This is not just about a loan but also about being able to access the expertise that IFC has in this area and together making a small difference to the energy requirements of our country,” said Mr. Ajay Srinivasan, Chief Executive of Aditya Birla Capital. Read more

NTPC Ltd. pays Final Dividend of Rs. 1,970.67 crore for FY 2017-18

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

NTPC Ltd. pays Final Dividend of Rs. 1,970.67 crore for FY 2017-18

For the financial year 2017-18, NTPC Ltd. has paid a final dividend of Rs. 1,970.67 crore, being 23.90% of the paid-up equity share capital of the Company.

The RTGS advice for the transfer of Rs. 1,217.29 crore to Government of India, being the share of Government of India in the final dividend, was presented to Shri R.K.Singh, Hon’ble Minister of State (Independent Charge) for Power and New & Renewable Energy by Shri Gurdeep Singh, CMD, NTPC, in the presence of Sh. A.K.Bhalla, Secretary (Power) from Ministry of Power and Shri K Sreekant, Director (Finance), Shri Saptarshi Roy, Director (Human Resources), Shri. S.K.Roy, Director (Projects), Shri Prakash Tiwari, Director (Operations) and Shri Prasant Kumar Mohapatra, Director (Technical) from NTPC Ltd. Read more

MultiFit Wellness Plans to Invest Around Rs 60-70 Cr in South India Market

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

MultiFit Batch training

India’s largest Functional Fitness Studio Brand ‘MultiFit Wellness Private Limited’, today announced that it had sealed a definitive agreement with Mr. Krishna Chivukula Jr. (CEO, INDO-MIM Pvt Ltd) & Sumit Rathor’s (renowned Golfer, former President and captain Karnataka Golf Association, and Founder Sumit Rathor Consulting Pvt Ltd) newly formed venture Skyefit LLP for expansion of its Bengaluru Operations. As per the terms of the agreement MultiFit and Skyefit will together open 17 large format functional fitness studios in the city over next 12 months, two within the next two months and five before the year end, for which all properties have been finalized and construction work has commenced. The announcement by the brand, which earlier this year marked its entry into the city with the launch of its Indiranagar studio, forms a part of its larger South India expansion focus unveiled by the company recently. The company also announced that it would be opening its South India operations headquarters in Bengaluru shortly. Read more