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L&T, Maruti Suzuki, Jindal Steel & GAIL India Announce Results

Four major companies in India, Larsen & Toubro, India’s biggest engineering conglomerate; Maruti Suzuki India’s biggest carmaker; Jindal Steel & Power and gail (India) Ltd have announced the results for the end of quarter year on December 30th.

While L&T reported an 18% rise in net profit, Maruti Suzuki and Jindal Steel & Power saw a loss of 64% from 28% of the previous year and 8.14% respectively. Jindal Steel & Power declared a net loss of Rs 461.07 crore from Rs 501.93 crore from the year ago. GAIL saw a 13% increase in the net profit. Company registered a turnover of Rs 11,260 crore, a 35% increase over
the turnover during the last financial year.

Coming to share values of these companies, Stocks of Larsen, with a market value of $15.6 billion, ended at 0.2% up in a flat Mumbai market. Maruti Suzuki was up by 6.2% after the results though it was down to about 3% just before the announcement. GAIL shares closed at Rs 369.95 on the BSE.

Sources: 1, 2, 3, 4

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