Shares of the state-run firm tumbled 12.10 per cent to settle at Rs 31.25 on BSE. Intra-day, it tanked 13.64 per cent to Rs 30.70 --- its 52-week low.
State-run MOIL's standalone net profit plunged 87.8% to Rs 13.16 crore for the quarter ended December due to lower income.
GAIL (India) Ltd, the country's largest natural gas transmission utility, today posted a 9.9 per cent jump in net profit for the quarter ended December 2015 as the firm did not have to share the under-recovery burden of Oil Marketing Companies (OMCs).
Auto component major Motherson Sumi Systems (MSSL) today reported 21 per cent increase in net profit to Rs 307 crore during the quarter ended December 31, as against Rs 254 crore posted in the same quarter last year.
Higher provisions, non-performing assets and fall in interest income along with trading loss, pulled Allahabad Bank into red, as it reported a loss of about Rs 486 crore for the third quarter of the present financial year, against a net profit of Rs 164
Forging major Bharat Forge (BFL) has recorded a drop of 15% in its net profit at Rs 166.16 crore during the quarter ended December 31, 2015, as against Rs 196 crore posted over the same period last year.
Hindalco Industries reported a net profit of Rs 40 crore in the December quarter, down 88 percent from corresponding period last year on the back of lower sales which took a hit due to lower realizations even as other income tried to lend some support to
State-run Dena Bank today reported a loss of Rs 662.85 crore for the third quarter ended December 31, due to significant jump in bad loans.
India's second largest state-run lender Punjab National Bank posted a sharp 93% decline in net profit in the third quarter of the fiscal on account of fresh slippages arising from the steel sector besides higher provisioning requirement as part of RBI
Punjab National Bank (PNB) today reported a 93.41% decline in net profit at Rs 51.01 crore for the third quarter ended December 31, on account of higher provisioning for bad loans.
The company had posted a consolidated net profit of Rs 254.21 crore in the same period in the last financial year.
Bennett, Coleman and Company (BCCL), the publisher of India's most-circulated English daily, The Times of India, and business paper, The Economic Times, has reported highest-ever earnings and profit in FY15, beating the competition hands down.