6:00 PM Mumbai – Escorts climbed 62% and revenue jumped 12%. Idea net doubled. IPCA Lab profit soared 58%. JSW Steel net swung to a profit after revenue surged 53%. Maruti Suzuki net soared 36% and plans for expansion in Gujarat.
The Sensex Index fell 23.94 to close at 20,683.51. The CNX Nifty slid 9.60 to close at 6,126.25.
Gainers & Losers
Dhunseri Petrochem & Tea Ltd
gained 0.6% to Rs 105.50 after net profit in the third-quarter surged to Rs 22.22 crore and sales soared 77.9% to Rs 1,054.28 crore.
jumped 2.8% to Rs 122.65 after net profit in the third-quarter advanced 61.9% to Rs 45.56 crore and net sales climbed 12.5% to Rs 1,154.45 crore.
Idea Cellular Limited
declined 4.1% to Rs 139.30 after net profit in the third-quarter jumped 104.6% to Rs 467.70 crore and revenue surged 18.5% to Rs 6,613.10 crore.
IPCA Laboratories Ltd
climbed 3.9% to Rs 798.30 after net profit in the third-quarter surged 58% to Rs 139.12 crore and total revenue soared 19% to Rs 838.37 crore.
The company said export income in the quarter jumped 19% to Rs 526.93 crore.
JSW Steel Limited
increased 1.6% to Rs 930 after company reported net in the third-quarter swung to profit Rs 466.49 crore compared to a net loss of Rs 73.70 crore a year ago.
Total revenue in the quarter surged 53.3% to Rs 13,637.21 crore.
Jindal Steel & Power Limited
gained 1.9% to Rs 258.65 after net profit in the third-quarter soared 24.2% to Rs 561.51 crore and total revenue jumped 7.9% to Rs 5,377.37 crore.
Just Dial Limited
plummeted 12.6% to Rs 1,287.85 after net profit in the third-quarter increased 3.8% to Rs 29.75 crore and revenue jumped 6.4% to Rs 119.86 crore.
Maruti Suzuki India Ltd
plunged 8.1% to Rs 1,563.20 after net profit in the third-quarter soared 35.9% to Rs 681.15 crore and net sales fell 3% to Rs 10,619.70 crore.
Maruti said sales in the quarter dropped 4.4% to 2,88,151 units and exports tumbled 38.6% to 19,966 units from a year ago.
The company plans to implement expansion project in Gujarat as a 100% subsidiary of Suzuki.
Osamu Suzuki, the chairman of the Suzuki Motor Corporation said ""The company will be named Suzuki Motor Gujarat Pvt. Ltd with a starting capital of Rs 100 crore"" and will not be listed on any stock exchange and start operating from April.