22 Nov 2016

Heidelberg, Kalpataru, Aurobindo; all up

Second quarter results continued to flow as the season comes to a close. Heidelberg Cements reported sales ahead by 13.5% and a substantial profits turnaround making comparisons not meaningful. Kalpataru Power Transmissions reported sales ahead by 20.7% as its record on executions continues to improve; profits advance by 40.9% as margins improve on newer contracts. Aurobindo Pharma reported sales growth of 13.2% and profits higher b 34.1%. VIP Industries reported a decline of 3% in sales in difficult demand conditions and profits were 4% lower as  advertizing expenditure was maintained. Indraprashtha Gas reported sales ahead by 12% and profit growth of 42% as raw material costs and product mix boosted margins.

No comments:

Post a Comment