BPCL’s net profit fell 10.64% to Rs 2549.08 crore on 13.55% decline in total income to Rs 44891.65 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 26 May 2016. The average gross refining margin (GRM) for Q4 March 2016 fell to $6.30 per barrel from $ 7.85 per barrel in Q4 March 2015. BPCL said that the board of directors recommended 1:1 bonus issue. The company has fixed 11 July 2016 as the record date for the bonus issue.

State-run ONGC’s net profit rose 12.22% to Rs 4416.11 crore on 15.42% decline in total income to Rs 19776.70 crore in Q4 March 2016 over Q4 March 2015. The result was announced at the fag end of the trading session yesterday, 26 May 2016.

ONGC’s net profit fell 9.75% to Rs 16003.65 crore on 4.14% decline in total income to Rs 84584.99 crore in the year ended 31 March 2016 over the year ended 31 March 2015.

In terms of the decision of the Government of India, the company shared under-recoveries of oil marketing companies (OMCs) amounting to Rs 1096 crore for the year ended March 2016 (FY 2016) by allowing discount in the prices of crude oil based on the rates of discount communicated by Petroleum Planning and Analysis Cell (PPAC). The discount was sharply lower than Rs 36300 crore in the year ended 31 March 2015 (FY 2015). The impact on net profit was Rs 607 crore in FY 2016 as compared to Rs 20437 crore in FY 2015.

ONGC’s consolidated net profit fell 22.96% to Rs 14123.80 crore on 16.63% decline in total income to Rs 139364.35 crore in the year ended 31 March 2016 over the year ended 31 March 2015.

NTPC said that it has decided to raise Rs 1072.50 crore through private placement of secured non-convertible debentures at a coupon of 8.10% per annum. with a door to door maturity of 15 years today, 27 May 2016. The proceeds will be utilized to finance capital expenditure/refinancing the debt requirement in on-going projects including recoupment of expenditure already incurred. NTPC also informed that it has opened Pakri-Barwadih coal mining project (Western Pit).

Bharat Heavy Electricals (Bhel) and State Bank of India (SBI) will announce Q4 results today, 27 May 2016.

Power Grid Corporation of India’s net profit rose 13.2% to Rs 1599.05 crore on 21.42% rise in total income to Rs 5961.49 crore in Q4 March 2016 over Q4 March 2015. The result was announced after marke hours yesterday, 26 May 2016.

Sun Pharmaceutical Industries announced after market hours yesterday, 26 May 2016 that the parties have terminated the umbrella agreement as well as the transaction agreements executed between Daiichi Sankyo Company, Daiichi Sankyo (Thailand). Ranbaxy, Ranbaxy (Netherlands) B.V., Ranbaxy UNICHEM Company, Ranbaxy (Thailand) Company due to divestment of Ranbaxy by Daiichi Sankyo Company.

The parties had entered into a Termination Agreement on 26 May 2016 and agreed that the umbrella agreement as well as the executed transaction agreements will be terminated with effect as of the closing date, subject to the condition precedent of the occurrence of certain closing conditions as mutually agreed between the parties. Further, there is no material impact of such termination on either standalone or consolidated operations/ financial operations on Sun Pharma. Additionally, the termination agreement does not apply to, or have an impact upon, other business relationship that the parties to the termination agreement may have in force.

Jet Airways (India) posted a net profit of Rs 397.16 crore in Q4 March 2016 as compared to net loss of Rs 1728.99 crore in Q4 March 2015. Total income increased 3.04% to Rs 5451.28 crore in Q4 March 2016 over in Q4 March 2015. The announcement was made after market hours yesterday, 26 May 2016.

Neyveli Lignite Corporation’s net profit declined 34.06% to Rs 446.24 crore on 5.68% rise in total income to Rs 1964.58 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 26 May 2016.

Natco Pharma’s consolidated net profit rose 10.65% to Rs 60.24 crore on 102.67% rise in total income to Rs 406.97 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 26 May 2016.

FDC’s net profit rose 12.83% to Rs 38.24 crore on 14.69% rise in total income to Rs 248.29 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 26 May 2016.

HealthCare Global Enterprises’ consolidated net profit surged 11950% to Rs 4.82 crore on 16.32% rise in total income from operations (net) to Rs 153.75 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 26 May 2016.

Cosmo Films said that Cosmo Films ESOP 2015 Trust has acquired 33,396 shares of the company by market purchases during the period from 24 May 2016 to 26 May 2016. The announcement was made after market hours yesterday, 26 May 2016.

D B Corp will be in focus. The Reserve Bank of India has notified yesterday, 26 May 2016 that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest from 20% to 26% of the paid up capital of D B Corp under the Portfolio Investment Scheme (PIS). The total foreign investment in the company from all sources i.e. Foreign Institutional Investors (FII)/Registered Foreign Portfolios Investors (RFPI)/Non-Resident Indians (NRI)/Foreign Direct Investment (FDI)/Persons of Indian Origin (PIO)/American Depository Receipts (ADR)/Global Depository Receipts (GDR) shall not exceed 26% of the paid up capital of the company. The Reserve Bank further advised that the foreign share holding by FII/RFPI/ NRI/FDI/PIO/ADR/GDR in D.B. Corp have gone below the revised threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect.

The Reserve Bank has stated that the company has passed resolutions at its Board of Directors’ level, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures. The purchases could be made through primary market and stock exchanges.