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Sunteck Realty Q3 PAT tumbles 34% to Rs 22 cr

Glenmark Pharma Q3 PAT soars 30% to Rs 248 cr

Ka-226T utility chopper has 33% indigenous content: HAL

Deal held up due to shortfall in Russian proposal for indigenous content, says HAL chief The total indigenous content of the Ka-226T utility helicopters, to be jointly manufactured locally by India and Russia with Transfer of Technology (ToT), is between 27%-33%, said Chairman and Managing Director of Hindustan Aeronautics Limited (HAL) R. Madhavan. The final deal is held up as the Russian proposal of 62% indigenous content in assembled helicopters falls short of the tender requirement of 70%, “In Ka-226T when we talk of 70% indigenous content, it is not the same as the Light Combat Aircraft (LCA) 52%. The 70% is of the Russian content. Engine from Safran and avionics from other countries are not accounted for in this. Balance is what we are looking and from there 70% is taken. Taking the whole helicopter, the indigenous content is about 27-33%,” he said in response to a question from

Polycab India Q3 PAT climbs 19% to Rs 264 cr

Polycab India s consolidated net profit jumped 19.1% to Rs 263.62 crore on 11.6% rise in net sales to Rs 2,798.83 crore in Q3 December 2020 over Q3 December 2019. Consolidated profit before tax (PBT) soared 22.1% to Rs 354.11 crore in Q3 December 2020 as against Rs 289.97 crore in Q3 December 2019. Total tax expense for the quarter increased 31.99% to Rs 90.49 crore as against Rs 68.56 crore in Q3 December 2019. The Q3 result was declared on Saturday, 23 January 2021. Wires & cables business grew 6% Y-o-Y (year-on-year) to Rs 2,270.30 crore in Q3 FY21 from Rs 2,150.20 crore in Q3 FY20 despite a high base. Construction activities are progressing, albeit at a slower pace as consumer demand remains robust with improving sentiment. Wires saw strong traction, as per the company s disclosure.

JK Tyres spurts after Q3 PAT soars to Rs 231 cr

JK Tyres & Industries soared 13.75% to Rs 131.50 after the company s consolidated net profit surged to Rs 230.66 crore in Q3 December 2020 over a net profit of Rs 11.65 crore in Q3 December 2019. Consolidated net sales jumped 25.9% to Rs 2769.28 crore in Q3 FY21 as against Rs 2199.80 crore in Q3 FY20. This was best ever sales for any quarter. EBITDA doubled to Rs 507 crore in Q3 December 2020. Profit before tax was at Rs 342.97 crore in Q3 December 2020 as against Rs 23.31 crore in Q3 December 2019. Tax expense for the quarter stood at Rs 67.88 crore as against Rs 14.87 crore in Q3 December 2019. The Q3 result was declared after market hours yesterday, 21 January 2021.

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