BUDGET BUZZ

Continuum Energy raises $561 million from dollar-denominated green bonds

Morgan Stanley-controlled Continuum Wind Energy has raised USD 561 million from a dollar-denominated green bond sale to international investors, according to a merchant banking source. The company has raised USD 561 million from the issue, which was over-subscribed by over six times at USD 3.7 billion, helping the city-based green energy player to tighten the annual coupon rate to 4.5 per cent over the US treasur y from 4.875 per cent for the six-year money.

Sebi orders attachment of bank, demat acs of individual to recover fine

Sebi has ordered attachment of bank accounts as well as shares and mutual fund holdings of an individual to recover dues totalling over Rs 53 crore. The recover y proceedings have been initiated against Arun Panchariya af ter he failed to pay Rs 50 crore fine imposed on him by Securities and Exchange Board of India (Sebi) in June 2020. It also slapped a total fine of Rs 11.8 crore on Beckons Industries Ltd and its four officials in a matter pertaining to manipulation in the issuance of global depositor y receipts (GDRs).

Inox Leisure reports consolidated loss of Rs 102.50 crore in third quarter

Multiplex chain operator Inox Leisure Ltd on Wednesday reported a consolidated loss of Rs 102.50 crore for the quarter ended December 31, 2020. The company attributed fall in profit and income to "the impact of seating restrictions to 50 per cent and lack of fresh content due to the ongoing COVID19 pandemic."

V-Guard's revenue jumps 32% to Rs 835 crore in December quarter

Consumer electrical and electronics company V-Guard Industries said its consolidated net revenue for the quarter ended December 31, 2020 totalled Rs 835 crore, up by 32 per cent from Rs 632 crore in the corresponding period of previous year. Stabilisers, wires, fans, pumps, kitchen appliances, and digital UPS categories per formed well, said the company.

VIP Ind posts Rs 7 crore consolidated loss in Q3 versus PAT a year ago

VIP Industries Ltd posted a consolidated net loss of 70 mln rupees for the December quarter, against a net profit of 342.1 mln rupees a year ago. Loss narrowed from the 353.9 mln rupees in Jul-Sep. Revenue from operations for the quarter slumped 46% to 2.33 bln rupees.

Kamdhenu posts Rs 7 crore net profit for October-December quarter

Building materials maker Kamdhenu Group on Wednesday reported a net profit of Rs 7.20 crore for December quarter, 2020-21 as expenses declined significantly. The company had posted a net loss of Rs 13.03 crore during October-December period of the preceding fiscal, Kamdhenu said in a BSE filing. .

Venky's October-December net at Rs 107 cr versus loss a year ago

Venky's (India) Ltd posted a net profit of 1.07 bln rupees in Oct-Dec, compared with a loss of 58.60 mln rupees a year ago. Revenue from operations rose 5.8% to 9.32 bln rupees. Sequentially, the net profit rose nearly threefold and revenue rose 32.7%.

Hawkins Cookers Oct-Dec PAT rises 7.7% on year to Rs 24.2 crore

Hawkins Cookers Ltd's net profit for the December quarter rose 7.7% on year to 242.2 mln rupees. Revenue from operations for the quarter rose 19.6% to 2.31 bln rupees. Sequentially, the net profit fell 6.8%, while revenue rose 19.6%.

Ramco Cements Oct-Dec net profit doubles on year to Rs 200 crore

Ramco Cements Ltd's net profit in the December quarter doubled on year to 2.01 bln rupees, and total revenue rose 4.8% to 13.39 bln rupees. Sequentially, the net profit fell 14.6%, while total revenue rose 6.5%.

City Union Bank net profit declines 12% to Rs 170 crore in third quarter

Private sector City Union Bank on Wednesday posted a decline of 11.7 per cent in its net profit to Rs 169.93 crore for the quarter ended in December. The bank had registered a net profit of Rs 192.43 crore in the corresponding period of the preceding financial year.

Deepak Fert consolidated net up threefold at Rs 87.6 crore in Q3

Deepak Fertilisers and Petrochemicals Corp Ltd posted nearly threefold on-year rise in consolidated net profit for the December quarter at 875.5 mln rupees. Revenue from operations for the quarter jumped 29% to 14.47 bln rupees.

PNC Infratech's Oct-Dec net profit rises 34% on year to over Rs 100 cr

PNC Infratech Ltd's net profit for the December quarter jumped nearly 34% on year to slightly over 1 bln rupees. Revenue from operations for the quarter rose by close to 9% to 13.22 bln rupees.