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Faqefinqpeanfae Phone : 022-22708100 22708400 the NEW INDIA ASSURANCE COMPANY LTD faqEfinqpeanfae Phone : 022-22708100 22708400 THE NEW INDIA ASSURANCE COMPANY LTD. Website : www.newindfa.co.in iftyQarmwh:=givtwfafch,87,qanrrithwl,t#,giv-4.00Ooi Regd. & Head Office : New India Assurance Bldg., 87. M.G.Road, Fort, Mumbai -400 001 CIN No. L66000MH1919GO1000526 Ref. No.: NIACL/CMD_Board Sectt/2019-20 November 18, 2019 To' The Manager The Manager Listing Department Listing Department BSE Limited The National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Tower Exchange Plaza, 5th floor, Plot C/ 1, Dalal Street G Block, Bandra-Kurla Complex Mumbai 400 001 Mumbai 400 051 Scrip Code: (BSE -540769/NSE -NIACL) Re: Newspaper Cuttings: "Extract of the Standalone and Consolidated Unaudited Financial Results for the Quarter and Half Year ended 30th September. 2019" and "Corrigendum" thereto. This has reference to our letter dated 13.11.2019 whereby we informed you that the Board of Directors of the Company in its meeting held on wednesday,13th of November, 2019 considered and approved the Unaudited Financial Results of the Company for the quarlcr and six months ended 30th September, 2019. The "Extract of the Standalone and Consolidated Unaudited Financial Results for the Quarter and Half Year ended 30th September, 2019" and "Corrigendum" thereto has also been published in the required dailies on 15.11.2019 and 16.11.2019 respectively. A copy of the aforesaid Newspaper cuttings is enclosed for your reference and are also being uploaded on Company's website at www.newindia.co.in Kindly take the same on record. Thanking You Yours faithfully For The New India As ce Company Limited Jayas ** Com Secretary Compliance Ofricer MUMBAI BusinessLine 3 FRIDAY • NOVEMBER 15 • 2019 NEWS BusinessLine Vedanta net up 44% on deferred tax write­back of ₹1,990 cr Disclaimer: Readers are requested to verify & make appropriate enquiries to satisfy themselves about the veracity of an ONGC’s Q2 net dips 24% OUR BUREAU advertisement before responding to any period last year, on a de­ on account of the com­ quarter. This was due published in this newspaper. THG Mumbai, November 14 ferred tax write­back of mencement of the Gams­ mainly to the repayment of PUBLISHING PVT LTD., the Publisher & Owner of this newspaper, does not vouch Slippage in crude duced 5.842 million tonne of Vedanta has reported a 44 ₹1,553 crore. berg operations and higher debt at the Talwandi Sabo for the authenticity of any advertisement crude oil and 6.265 billion per cent increase in its Net sales were down 3 per iron ore sales in Karnataka. Power Project and Vedanta or advertiser or for any of the advertiser’s products and/or services. In no event can prices to blame cubic meters of natural gas. September quarter consol­ cent at ₹21,739 crore Gross debt was at ₹55,898 standalone. Net debt was at the Owner, Publisher, Printer, Editor, Director/s, Employees of this newspaper/ On a consolidated basis, idated net profit at ₹2,730 (₹22,432 crore) due to lower crore in the September ₹20,081 crore, lower by company be held responsible/liable in any OUR BUREAU total income in Q2 of the crore, as against ₹1,990 commodity prices, partially quarter, lower by ₹3,279 ₹8,322 crore compared to manner whatsoever for any claims and/or damages for advertisements in this New Delhi, November 14 current financial year stood crore logged in the same offset by additional volumes crore compared to the June the June quarter. newspaper. Oil and Natural Gas Corpora­ at ₹1,03,236.60 crore, down tion (ONGC) Limited has re­ from ₹ 1,15,295.75 crore. ported a standalone net Consolidated profit for profit of ₹6,263.13 crore for the period also fell to the second quarter of finan­ ₹5,486.55 crore, down from cial year 2019­2020. ₹ 8,730.83 crore. This is 24.22 per cent lower than the ₹8,264.61­ Realisation from joint venture HPCL results crore profit reported by the fields fell to $60.99 a barrel The consolidated numbers company in the same from $70.21 a barrel also include the results of quarter of the preceding fin­ Hindustan Petroleum Cor­ ancial year. Per barrel realisation from poration Limited (HPCL). Standalone total income nominated fields fell 17.4 per HPCL had reported a witnessed a decline during cent from $73.07 a barrel in ₹1,052.31­crore profit for the the quarter under review, the same quarter of last year second quarter of FY20. which stood at ₹27,177.95 to $60.33 a barrel in the This was marginally lower crore, 10.55 per cent down quarter under review. Real­ than the ₹1.091.98 crore re­ from the ₹30,383.4 crore re­ isation from joint venture ported by the company in ported by the company in fields fell to $60.99 a barrel the corresponding period of the quarter ending Septem­ during the second quarter of the previous financial year. ber 30, 2018. the current fiscal from $70.21 Total income during the a barrel in the comparable period under review fell to Crude oil prices quarter of financial year ₹66,850.89 crore from The fall in total income and 2018­2019. ₹73,789.50 crore in the same net profit can be attributed During the period under quarter of financial year to a fall in crude oil prices. review, the company pro­ 2018­2019. GVK Power’s Grasim turns the corner, Q2 loss widens to ₹159 crore posts ₹1,473­crore net OUR BUREAU OUR BUREAU Mumbai, November 14 Hyderabad, November 14 Grasim Industries, an Aditya GVK Power & Infrastructure has Birla group company, has re­ posted a loss of ₹159.39 crore for ported a net profit of ₹1,473 the second quarter ended crore in the quarter ended September 30, 2019, as against a September 30, against a net loss of ₹109.76 crore for the cor­ loss of ₹1,320 crore logged in responding quarter of the previ­ the same period last year, on ous fiscal on a consolidated basis. the back of a deferred tax write­ Grasim’ standalone revenue was The Hyderabad­based power­ back of ₹448 crore. down 6 per cent at ₹4,797 crore to­airports company registered Revenue from operations total revenue of ₹1,059.16 crore was up 3 per cent at ₹18,431 1,42,000 tonnes, respectively. for the second quarter, as against crore (₹17,892 crore). The com­ Global prices of VSF softened ₹1,060.03 crore for the corres­ pany’s profit in the previous further on account of signific­ ponding quarter of the previous September quarter was im­ ant capacity additions in China year. pacted by a write­down of and Indonesia in the last one The company had posted a ₹2,277 crore towards învest­ year, and the ongoing US­China loss of ₹304.42 crore and total in­ ment in Voda Idea Cellular. trade war. Indian VSF prices come of ₹4,363.10 crore for the On a standalone basis, the were down by 23 per cent, fol­ financial year ended March 31, company reported a net profit lowing Chinese VSF prices. 2019. GVK signed an agreement of ₹526 crore, against a net loss The benefit of falling input on September 27, 2019 for dilu­ of ₹1,187 crore registered in costs such as pulp prices will tion of its 79.1 per cent stake in same period last year. Stan­ get reflected in the coming GVK Airports Holdings Ltd for dalone revenue was down 6per quarters due to the inventory ₹7,614 crore. The divestment is cent at ₹4,797 crore (₹5,118 time lag, the company said. subject to achieving certain con­ crore) due to weak global Caustic soda sales were im­ ditions, and includes real estate prices of VSF and caustic soda. pacted by weak demand from monetisation, loan disburse­ Viscose Staple Fibre produc­ the user industry, capacity ad­ ments for the Navi Mumbai Air­ tion and sales volume recorded dition in the domestic market port and settlement of certain an increase of 8 per cent and 5 and increased imports which ongoing litigations. per cent at 1,48,000 tonnes and hit production, it added. Apollo Hospitals’ Q2 Spencer’s Retail posts net loss net up 15% to ₹91 crore of ₹40 crore OUR BUREAU the Pharmacy for the Septem­ OUR BUREAU Chennai, November 14 ber­quarter stood at ₹1,173 crore Kolkata, November 14 Apollo Hospitals Enterprise Ltd (₹964 crore). Growth in health­ Spencer’s Retail, the retail (AHEL) on Thursday reported a care services was led by new arm of RP­Sanjiv Goenka 15 per cent growth in stan­ hospitals which reported a 17 Group flagship CESC Ltd, pos­ dalone net profit for the second per cent Y­o­Y revenue growth ted a net loss of around ₹40 quarter at ₹91 crore. The com­ and mature hospitals which crore on a consolidated basis pany had posted a net profit of grew 12 per cent during the for the quarter ended Septem­ ₹79 crore for the same period same period. ber 30, 2019, as compared last year. “We are pleased to report a ro­ with a marginal profit of ₹5 The standalone revenue from bust operational performance lakh in same period last year. the operations of the hospital which continues to reflect the On a sequential basis, grew by 18 per cent to ₹2,464 inherent strength of our service losses widened from a net crore for the September quarter model that offers comprehens­ loss of a little over ₹2 crore as against ₹2,090 crore recor­ ive care across multiple centers during the quarter ended ded a year earlier.
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