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Showing posts with label L&T RESULT. Show all posts
Showing posts with label L&T RESULT. Show all posts

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Live Mcx Watch Market Watch - MCX ,MCX Live Price

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Live Mcx Watch Market Watch - MCX ,MCX Live Price 


US stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as investors wrestled with the likely timing of a US interest rate hike following comments from top Federal Reserve officials

The S&P 500 rose as much as 0.7 percent and declined by as much as 0.6 percent during the session.

 

Banking shares, which stand to gain in a higher rate environment, advanced. The KBW Nasdaq bank index .BKX rose 0.74 percent. In contrast, sectors likely to be hurt by higher rates, such as utilities and telecoms, fell.

 Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.12-to-1 ratio favored decliners. The S&P 500 posted 29 new 52-week highs and one new low; the Nasdaq Composite recorded 118 new highs and 26 new lows.


Wall Street slips in wake of comments by top Fed officials

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US stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as investors wrestled with the likely timing of a US interest rate hike following comments from top Federal Reserve officials

The S&P 500 rose as much as 0.7 percent and declined by as much as 0.6 percent during the session.

 

Banking shares, which stand to gain in a higher rate environment, advanced. The KBW Nasdaq bank index .BKX rose 0.74 percent. In contrast, sectors likely to be hurt by higher rates, such as utilities and telecoms, fell.

 Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.12-to-1 ratio favored decliners. The S&P 500 posted 29 new 52-week highs and one new low; the Nasdaq Composite recorded 118 new highs and 26 new lows.




U.S. West Texas Intermediate (WTI) crude futures CLC1 were trading at $41.15 per barrel at 0139 GMT, up 32 cents, or 0.8 percent, after rising 3.3 percent and back over $40 the previous session.

The jumps on Wednesday and Thursday marked at least a temporary end to a sharp downward trend since June, which saw crude futures lose some 20 percent of their value.
"Oil prices rallied after the EIA weekly report showed gasoline inventories declined the most at this time of the year for at least five years," ANZ bank said

Oil prices bounce after U.S. gasoline inventory draw

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U.S. West Texas Intermediate (WTI) crude futures CLC1 were trading at $41.15 per barrel at 0139 GMT, up 32 cents, or 0.8 percent, after rising 3.3 percent and back over $40 the previous session.

The jumps on Wednesday and Thursday marked at least a temporary end to a sharp downward trend since June, which saw crude futures lose some 20 percent of their value.
"Oil prices rallied after the EIA weekly report showed gasoline inventories declined the most at this time of the year for at least five years," ANZ bank said



Public sector lender Indian Bank   said profit in April-June quarter grew by 42.8 percent to Rs 307.4 crore compared with Rs 215.3 crore in year-ago period.


Gross NPA on absolute basis grew by 0.8 percent QoQ to Rs 8,894 crore and net NPA was up 2.4 percent at Rs 5,552 crore in the quarter ended June 2016.


Provisions for bad loans stood at Rs 417 crore during the quarter, increased by 2.2 percent year-on-year and 48.7 percent quarter-on-quarter.

Indian Bank Q1 profit jumps 43%, NPAs rise

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Public sector lender Indian Bank   said profit in April-June quarter grew by 42.8 percent to Rs 307.4 crore compared with Rs 215.3 crore in year-ago period.


Gross NPA on absolute basis grew by 0.8 percent QoQ to Rs 8,894 crore and net NPA was up 2.4 percent at Rs 5,552 crore in the quarter ended June 2016.


Provisions for bad loans stood at Rs 417 crore during the quarter, increased by 2.2 percent year-on-year and 48.7 percent quarter-on-quarter.

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Engineering and construction major Larsen and Toubro

  

 first quarter earnings missed analysts' expectations on all parameters Friday.


 Consolidated profit jumped 46 percent year-on-year to Rs 609.6 crore and revenue increased 9.1 percent to Rs 21,874 crore.

 Profit was estimated at Rs 770 crore on revenue of Rs 22,477 crore for the quarter, according to average of estimates of analysts polled by CNBC-TV18. L&T received fresh orders worth Rs 29,702 crore during the quarter, registering a 14 percent growth compared with year-ago period, which was in-line. 

International orders at Rs 13,211 crore constituted 44 percent of the total order inflow, the company said in its filing.

 With this, consolidated order book of the group stood at Rs 2,57,427 crore as of June 2016, higher by 8 percent on yearly basis. While addressing press conference, R Shankar Raman, CEO said he expects guidance of fresh orders and revenue for FY17 to remain on course at 15 percent and 12-15 percent, respectively. 

Profit was partly impacted by tax expenses that increased 28.2 percent to Rs 548.80 crore YoY but supported by finance cost (fell 13.3 percent) and higher other income (up 6.7 percent). 

Staff cost increased 8.6 percent YoY due to increased international operations, Raman said. Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) grew by 16 percent to Rs 1,905 crore and margin expanded by 50 basis points to 8.7 percent YoY, which were far below analysts' expectations of Rs 2,500 crore and 11 percent, respectively. 

Revenue from its infrastructure business (the major segment, contributed 41 percent to total revenue) grew by 9 percent year-on-year to Rs 9,094 crore driven by progress on jobs under execution in heavy civil & transportation infrastructure, power transmission & distribution and water & effluent treatment businesses, L&T said in its filing. 

Power segment recorded revenue of Rs 1,722 crore for the quarter ended June 2016, a significant growth of 60 percent over year-ago period mainly led by progress on international jobs. Its hydrocarbon business clocked revenue of Rs 2,135 crore for the quarter, which fell marginally.

 IT & technology services business fell 15 percent to Rs 2,353 crore and financial services grew by 17 percent to Rs 2,091 crore on yearly basis. The stock closed at Rs 1,558, down 1.20 percent ahead of quarterly earnings that announced after market hours. Posted by Sunil Shankar Matkar




Read more at: http://www.moneycontrol.com

L&T Q1 net up 46%

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Engineering and construction major Larsen and Toubro

  

 first quarter earnings missed analysts' expectations on all parameters Friday.


 Consolidated profit jumped 46 percent year-on-year to Rs 609.6 crore and revenue increased 9.1 percent to Rs 21,874 crore.

 Profit was estimated at Rs 770 crore on revenue of Rs 22,477 crore for the quarter, according to average of estimates of analysts polled by CNBC-TV18. L&T received fresh orders worth Rs 29,702 crore during the quarter, registering a 14 percent growth compared with year-ago period, which was in-line. 

International orders at Rs 13,211 crore constituted 44 percent of the total order inflow, the company said in its filing.

 With this, consolidated order book of the group stood at Rs 2,57,427 crore as of June 2016, higher by 8 percent on yearly basis. While addressing press conference, R Shankar Raman, CEO said he expects guidance of fresh orders and revenue for FY17 to remain on course at 15 percent and 12-15 percent, respectively. 

Profit was partly impacted by tax expenses that increased 28.2 percent to Rs 548.80 crore YoY but supported by finance cost (fell 13.3 percent) and higher other income (up 6.7 percent). 

Staff cost increased 8.6 percent YoY due to increased international operations, Raman said. Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) grew by 16 percent to Rs 1,905 crore and margin expanded by 50 basis points to 8.7 percent YoY, which were far below analysts' expectations of Rs 2,500 crore and 11 percent, respectively. 

Revenue from its infrastructure business (the major segment, contributed 41 percent to total revenue) grew by 9 percent year-on-year to Rs 9,094 crore driven by progress on jobs under execution in heavy civil & transportation infrastructure, power transmission & distribution and water & effluent treatment businesses, L&T said in its filing. 

Power segment recorded revenue of Rs 1,722 crore for the quarter ended June 2016, a significant growth of 60 percent over year-ago period mainly led by progress on international jobs. Its hydrocarbon business clocked revenue of Rs 2,135 crore for the quarter, which fell marginally.

 IT & technology services business fell 15 percent to Rs 2,353 crore and financial services grew by 17 percent to Rs 2,091 crore on yearly basis. The stock closed at Rs 1,558, down 1.20 percent ahead of quarterly earnings that announced after market hours. Posted by Sunil Shankar Matkar




Read more at: http://www.moneycontrol.com

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