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For the fiscal year 2017, net profit stood at Rs 1,900 crore.The company raised $500 million through Qualified Institutional Placement (QIP) in March. "During the fiscal year 2017, Novelis refinanced its $2.5 billion Senior Notes and $1.8 billion Term Loan. In line with its commitment, the company used the cash proceeds from QIP towards prepayment of Rs 4,506 crore of long term loan in April 2017 - till date the total pre-payment stands at Rs 5,536 crore. Interest expense was lower by 3 per cent, mainly on account of pre-payment of loan.Net Profit for the fiscal year 2017 stood at Rs 1,557 crore, registering a growth of 182 per cent versus previous year.Hindalco's consolidated revenue stood at Rs 102,631 crore for the fiscal year 2017. "It attained a record consolidated EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) at Rs 13,558 crore, up 36 per cent as compared to the earlier year," it said.The robust performance was supported by stable operations across businesses.
Its total revenue in the last fiscal was Rs 24,095.35 crore as compared to Rs 23,756.28 crore.On consolidated basis, its net profit was Rs 6,313.37 crore for 2016-17, compared to Rs 5,691.42 crore. NEW DELHI: State-run Rural Electrification Corp (REC) today reported 13.72 per cent jump in standalone net profit to Rs 1,319.23 crore for the March quarter of last fiscal, 2016-17.Its net profit was Rs 1,160.03 crore in the January-March quarter of the previous fiscal, 2016-16, the REC stated in BSE filing today.The company's total revenue however was down at Rs 5,978.32 crore in the fourth quarter of last fiscal, as against Rs 6,084.47 crore in the year ago period.REC's net profit for 2016-17 was up at 6,245.76 crore, from Rs 5,627.66 crore. 2.65 per share, if declared at the AGM , will be paid to shareholders within 30 days from the date of AGM. The total revenue was Rs 24,686 crore as against Rs 24,129.93 crore in 2015-16.The Board today recommended the payment of final dividend of Rs 2.65 per share on the face value of Rs 10 each for 2016 -17, subject to approval of the shareholders in the ensuing Annual General Meeting.This is in addition to the Interim Dividend of Rs 7 per equity share already declared in February, 2017 thereby making total dividend for 2016-17 to Rs 9.65 per share, on the face value of Rs 10 each.The Final Dividend for the financial year 2016-17 of Rs.
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Hindalco Industries Q4 results: Hindalco Q4 net profit up 25% at Rs 503 crore
For the fiscal year 2017, net profit stood at Rs 1,900 crore.The company raised $500 million through Qualified Institutional Placement (QIP) in March. "During the fiscal year 2017, Novelis refinanced its $2.5 billion Senior Notes and $1.8 billion Term Loan. In line with its commitment, the company used the cash proceeds from QIP towards prepayment of Rs 4,506 crore of long term loan in April 2017 - till date the total pre-payment stands at Rs 5,536 crore. Interest expense was lower by 3 per cent, mainly on account of pre-payment of loan.Net Profit for the fiscal year 2017 stood at Rs 1,557 crore, registering a growth of 182 per cent versus previous year.Hindalco's consolidated revenue stood at Rs 102,631 crore for the fiscal year 2017. "It attained a record consolidated EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) at Rs 13,558 crore, up 36 per cent as compared to the earlier year," it said.The robust performance was supported by stable operations across businesses.
REC Q4 net profit up 14% at Rs 1,319 crore
Its total revenue in the last fiscal was Rs 24,095.35 crore as compared to Rs 23,756.28 crore.On consolidated basis, its net profit was Rs 6,313.37 crore for 2016-17, compared to Rs 5,691.42 crore. NEW DELHI: State-run Rural Electrification Corp (REC) today reported 13.72 per cent jump in standalone net profit to Rs 1,319.23 crore for the March quarter of last fiscal, 2016-17.Its net profit was Rs 1,160.03 crore in the January-March quarter of the previous fiscal, 2016-16, the REC stated in BSE filing today.The company's total revenue however was down at Rs 5,978.32 crore in the fourth quarter of last fiscal, as against Rs 6,084.47 crore in the year ago period.REC's net profit for 2016-17 was up at 6,245.76 crore, from Rs 5,627.66 crore. 2.65 per share, if declared at the AGM , will be paid to shareholders within 30 days from the date of AGM. The total revenue was Rs 24,686 crore as against Rs 24,129.93 crore in 2015-16.The Board today recommended the payment of final dividend of Rs 2.65 per share on the face value of Rs 10 each for 2016 -17, subject to approval of the shareholders in the ensuing Annual General Meeting.This is in addition to the Interim Dividend of Rs 7 per equity share already declared in February, 2017 thereby making total dividend for 2016-17 to Rs 9.65 per share, on the face value of Rs 10 each.The Final Dividend for the financial year 2016-17 of Rs.
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