TOP FIVE CORPORATE NEWS
·
ITC Q3 net up 16% to Rs 2,385cr
but margin disappoints.
ITC
surpassed street expectations on top line and bottom-line in the December
quarter, but operational performance fell short. Quarterly net profit rose more
than 16 percent year-on-year to Rs 2,385 crore led by huge rise in other
income. Revenues jumped 13 percent to Rs 8,623 crore in the quarter ended
December 2013 as against Rs 7,627 crore in a year ago period.
·
Federal Bank Q3 net rises 9% to Rs
230cr, NPA declines
Federal Bank reported 9 percent growth in profit after tax and
9.71 percent in net interest income for the quarter ended December 2013
compared to a year ago period. Net profit of the bank stood at Rs 230 crore as
against Rs 211 crore while net interest income, the difference between interest
earned and interest expended, rose to Rs 545.6 crore from Rs 497.3 crore
year-on-year.
·
HDFC Bank Q3 net profit at Rs23257
million.
HDFC Bank
Ltd has posted a net profit of Rs. 23257.00 million for the quarter ended
December 31, 2013 as compared to Rs. 18590.70 million for the quarter ended
December 31, 2012. Total Income has increased from Rs. 108181.30 million for
the quarter ended December 31, 2012 to Rs. 127389.50 million for the quarter
ended December 31, 2013.
·
RIL beats estimates, Q3 net at Rs
5,511cr
Reliance Industries has posted a net profit of Rs 5511 crore
during the October-December quarter for financial year 2013-14. Net profit for
the corresponding quarter last year stood at Rs 5,502 crore. Revenue during the
quarter was up by 10.5% at Rs 1.06 crore.
·
Wipro Q3 net profit up 27%, beats
estimates
Wipro Ltd,
India's third-largest IT services exporter, reported a 27% rise in quarterly
net profit, topping estimates, bolstered by rising demand from overseas
clients. The company's consolidated net profit from continuing operations for
the three months ended Dec. 31 rose to Rs 20.15bn ($327 million) from Rs 15.9bn
a year earlier.
0 Comments