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Results: 21 of 50 Nifty Companies Show 10% Growth in Net Profit for Q4 2016, Annual Growth at 12%

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Q4 Results are out! As the Nifty 50 companies line up to disclose their performance report, we bring you a summary of their results along with the schedule of the results to come. (check out the earlier post here)

Nifty 50 Companies FY16 Results Schedule for the quarter ended March 31, 2016 (21)

Nifty 50 Companies FY16 Results for the year ended March 31, 2016

The Standouts:

  • Hero MotoCorp showed a 30.8% growth in Net Profit and EPS. The company announced a dividend of Rs. 32/- per share which is in addition to the Rs. 40/- dividend announced earlier this year. 
  • Eicher Motors saw its Net Profit grow by over 100%. The company has announced over Rs. 1,000 Cr. investment targeting the double digit growth for FY 17.
  • Nifty 50 companies cumulative Revenue grew 0.3% while the Net Profit grew 12%

Nifty 50 Companies FY16 Results for the year ended March 31, 2016 (21)

Nifty 50 Companies FY16 Results for the quarter ended March 31, 2016

Nifty 50 Companies FY16 Results for the quarter ended March 31, 2016 (21)

This is just 21/50 – and the big guys who generally seem to lose money will announce only later.

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Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.