Torrent Power signs pact with Siemens Gamesa for wind power projects + Torrent emerges winner in e-Reverse auction for wind power projects by SECI(Tranche III)
Zee Learn to acquire stake in MT Educare as per exchange filing. To make open offer of 1,86,64,096 (26% ) at Rs 72.76 per share
Indiabulls Real Estate to finalize options for sale of Chennai residential & commercial assets Co aims to induct 3rd party investor into commercial leasing biz by 31 Mar.
Punj Lloyd board approves restructurng plan;to issue shares,bonds to certain lenders/promoters.
Welspun Enterprises Q3 (YoY): Revenue up at Rs 299 Cr Vs Rs 54 Cr. Net profit up at Rs 16 Cr Vs Rs 3.5 Cr. EBITDA at Rs 11.5 Cr from a loss of Rs 10 Cr. Margin at 3.8 percent Vs 18.5 %.
Jiya Eco Products limited (BSE Scrip code 539225, Symbol #JIYAECO), the only listed player to manufacture bio fuel from agriculture and forest waste, has announced its results -quarterly and nine month ended Dec 2017.
Financial Highlights
Q3FY18
Revenues up 106% @ Rs. 27 crs
EBIDTA up 89% @ Rs. 4.3 crs
PAT up 150% @ Rs. 3.2crs
PAT margin at 11.6% up by 210 bps
EPS at 2.98
9MFY18
Revenues up 44% @ Rs. 59.8crs
EBIDTA up 37% @ Rs. 10.5 crs
PAT up 48% @ Rs. 6.8 crs
EPS at 6.42
Key developments
1. Successfully migrated from BSE SME Platform to Main stock exchange.
2. Acquire 75% stake in Jiya Eco India Limited.
3. Setting up two new pellets plants in Gandhidham and Ankleshwar.
Stocks To Watch:
Positive: #TORNTPOWER #ZEELEARN #IBREALEST #PUNJLLOYD #WELENT
