In the coming session, the level 10,630-10,650 will be the key level to watch as Nifty holding above this level would open positive options. Else, the index would correct towards the level of 10,540, which is its 21-day EMA. Stocks in the news: J Kumar Infraprojects, Peninsula Land, Emami, BASF, Tata Motors, Cera sanitaryware, Lanco Infratech, Fortis Healthcare and Tirumalai Chemicals.

Indian markets are likely to open lower on Friday, mirroring global cues which saw Asian markets trading in the red. The SGX Nifty is indicating that the Nifty may open lower by 43 points at 10,663.   

Thirumalai Chemical consolidated revenue for the fourth quarter of FY18 remained flat at Rs 330.71 crore.

The company’s standalone revenue for the quarter came in at Rs 528.72 crore, registering an increase of 17.9 per cent YoY.

The PAT for the quarter came in at Rs 5675 crore, an increase of 34.3 per cent YoY. This was due to one time gain of Rs 2,869 crore. 

The company's NII for the quarter increased by 30.1 per cent yoy and 3.2 per cent qoq to Rs. 1,311 crore in Q4FY18 as against Rs. 1,271 crore in Q3FY18 and Rs. 1,007 crore in Q4FY17.

Looking at the full year numbers, we see that revenue jumped by 1 per cent to reach Rs. 2,540.83 crore while EBITDA fell by 5 per cent to Rs. 719.44 crore.

The company's EBITDA for the quarter fell by 1.8 per cent yoy to Rs. 50.9 crore with a corresponding margin contraction of 182 bps. EBITDA margin for the quarter stood at 14.1 per cent.

 The company’s construction order book as on date stood at more than Rs. 15,000 crore.

In a landmark judgement that would give direction to the insolvency proceedings running in various NCLT courts, the Kolkata bench has rebuked the RP for not doing enough to resolve the Binani Cement case.