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India Ratings projects economic growth at 7.1% next fiscal

Jan 18 2018 | 1 hrs ago

India Ratings and Research today projected the country's economic growth to improve to 7.1% next fiscal from 6.5% this year, buoyed by robust consumption demand.

Evasion of GST by dealers cause revenue dip: Sushil Kumar Modi

Jan 17 2018

GST evasion by dealers by suppressing turnover has caused a revenue slump under the composition scheme in the last two months, GST network panel head Sushil Modi said.

Assocham seeks higher outlay for education in Budget

Jan 17 2018

Assocham has sought enhanced outlay for education in the upcoming Budget and pitched for exempting higher education from GST.

India's gold imports rise 53 percent to 846 tonnes

Jan 17 2018

India's gold imports rose 53% to 846 tonnes last year on strong domestic demand and lower global prices, according to MMTC-PAMP India.

Volvo Group India looks at CAGR of 10 to 15% in next 7-10 yrs

Jan 17 2018

"The last two years have been phenomenal for us; we have grown by 40 percent in our top line and also in rofits, which is very good," Bali said.

Bring petroleum and natural gas products under GST: CII

Jan 16 2018

Industry body Confederation of Indian Industry (CII) sought the inclusion of petroleum and natural gas products under the unified indirect tax regime GST at the earliest.

10 states join e-way bill platform; GSTN starts trial run

Jan 16 2018

As many as 6 more states, including Gujarat and Haryana joined the govt's centralised e-way bill system for inter-state road transportation of goods in the GST regime.

Real estate sector likely to come under GST from April 1: Expert

Jan 16 2018

To enhance transparency in property transactions, the GST Council is expected to bring the real estate sector under the purview of the unified indirect tax regime.

Biscuit manufacturers call for lower GST, demand 5-12% rate

Jan 16 2018

IBMA said consumers of biscuit belong predominantly to the poorer segment and will hurt the 2.5 cr employment created by the industry.

Decision on bringing real estate under GST likely on Jan 18

Jan 16 2018

The GST Council is slated to consider bringing in real estate under the purview of the nationwide, unified indirect tax regime.

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Stocks In News

 

ADANI TRANSMISSION Q3

Net Sales at Rs 1540 Cr Vs Rs 508 Cr, up 3x

Total Income at Rs 1,808 Cr vs Rs 734 Cr, 2.5x

EBITDA at Rs 1462 Cr Vs Rs 475 Cr, up 3x

EBITDA margins at Rs 95% vs 93.5%

PAT Rs 842 Cr vs Rs 99.3 Cr, up 8x

All results are Consol & comparable YoY

DCB BANK Q3 REVIEW

PAT at Rs 57 Cr vs 51 Cr up 11.8%

NII at Rs 250 Cr vs 209 Cr up 19.6%

Non-Interest Income at Rs 75 Cr vs 64 Cr, up 17.2%

Operating Profit at Rs 123 Cr vs 109 Cr, up 12.8%

Net Interest Margin at 4.12% vs 3.95% YoY

All results are comparable YoY

TATA SPONGE Q3 REVIEW

Net Sales up 36% at Rs 214.5 Cr Vs Rs 157.6 Cr

EBITDA up 3.1x at Rs 59.8 Cr Vs Rs 19.4 Cr

EBITDA Margin at 27.9% V 12.3%

Net Profit up 3.3x at Rs 36 Cr Vs Rs 11 Cr

Other Income up 36% at Rs 11.7 Cr Vs Rs 8.6 Cr

All figures are standalone and comparable YoY

THIRUMALAI CHEMICALS Q3 REVIEW

Net Sales up 6.9% at Rs 254.8 Cr Vs Rs 238.4 Cr

EBITDA up 80% at Rs 70.1 Cr Vs Rs 39 Cr

EBITDA Margin at 27.5% vs 16.4%

Net Profit up 2.3x at Rs 43.2 cr vs Rs 18.8 cr

All figures are comparable YoY

SREI INFRA Q3 REVIEW

AUM at Rs 44971 Cr Vs Rs 37505 Cr, Up 20%

Disbursements at Rs 5731 Cr Vs Rs 4812 Cr, Up 19%

Total Income at Rs 1411 Cr Vs Rs 1134 Cr, Up 24%

Calc NII at Rs 645 Cr Vs Rs 419 Cr, Up 54%

PAT at Rs 105 Cr Vs Rs 67 Cr, Up 56%

All results are comparable YoY

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