Moneycontrol
Last Updated : Jan 25, 2018 09:07 AM IST | Source: CNBC-TV18

Stocks in the news: SBI, IDBI Bank, Gallant Ispat, Biocon, Canara Bank, Quess Corp, NCC, Bhushan Steel

SBI | IDBI Bank | Gallant Ispat | Biocon | Canara Bank | Quess Corp | NCC | Bhushan Steel | Indian Hotels | Electrosteel Steels and Cadila are stocks, which are in news today.

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Here are stocks that are in news today:

Results Today

Dr Reddy's Labs, Maruti Suzuki, L&T Finance, LIC Housing Finance, UPL, Jindal Steel, Acrow India, Action Construction Equipment, Ajanta Pharma, APL Apollo, Avenue Supermarts, Coral Labs, Coromandel Engineering, CSL Finance, Filatex India, Future Supply Chain, Indoco Remedies, Kokuyo Camlin, Menon Pistons, Nilkamal, NK Industries, Rane Engine, RS Software, Sharda Crop, Shriram City, SQS India BFSI, Tara Jewels, Tata Coffee, VIP Industries, Yash Trading

Canara Bank Q3
-Net profit down 62.1 percent at Rs 125.7 crore versus Rs 321.9 crore (YoY)
-NII up 52.4 percent at Rs 3,679 crore versus Rs 2,413 crore (YoY)
-Gross NPA at 10.38 percent versus 10.51 percent (QoQ)
-Net NPA at 6.78 percent versus 7.02 percent (QoQ)
-Gross NPA at Rs 40,311.9 crore versus Rs 39,164 crore (QoQ)

-Net NPA at Rs 25,295 crore versus Rs 25,165.6 crore (QoQ)

Biocon Q3
-Net profit down 46.4 percent at Rs 91.9 crore versus Rs 171.3 crore (YoY)
-Revenue up 1.9 percent at Rs 1,057 crore versus Rs 1,037.6 crore (YoY)
-EBITDA down 20 percent at Rs 220.8 crore versus Rs 276.1 crore (YoY)

-EBITDA margin at 20.89 percent versus 26.61 percent (YoY)

Pidilite Q3
-Net profit up 18 percent at Rs 239.1 crore versus Rs 202.6 crore (YoY)
-Revenue up 15.6 percent at Rs 1,542.9 crore versus Rs 1,334 crore (YoY)
-EBITDA up 29.1 percent at Rs 370.2 crore versus Rs 286.7 crore (YoY)

-EBITDA margin at 24 percent versus 21.5 percent (YoY)

Geojit Financial Services Q3 YoY
-Revenue up 36 percent at Rs 91 crore
-EBITDA up 41 percent at Rs 26.7 crore
-OPM at 29.3 percent versus 28.2 percent

-PAT up 33 percent at Rs 20 crore

Quess Corp Q3 YoY
-Revenue up 48 percent at Rs 1,584 crore versus Rs 1,067 crore
-EBITDA up 54 percent at Rs 91 crore versus Rs 60 crore
-OPM at 5.7 percent versus 5.6 percent
-PAT up 107 percent at Rs 69.8 crore versus Rs 33.7 crore

-Other income doubled to Rs 12 crore

KEI Industries Q3 YoY
-Revenue up 17 percent at Rs 889 crore
-EBITDA up 9 percent at Rs 84 crore
-OPM at 9.4 percent versus 10.1 percent

-PAT up 50 percent at Rs 39 crore versus Rs 26 crore

Liberty Shoes Q3 YoY
-Revenue up 27 percent at Rs 163 crore
-EBITDA flat at Rs 11.4 crore
-OPM at 6.9 percent versus 8.9 percent

-PAT up 136 percent at Rs 2.6 crore

Music Broadcast Q3 YoY
-Revenue up 5 percent at Rs 76.2 crore versus Rs 72.8 crore
-EBITDA down 12 percent at Rs 23.3 crore versus Rs 26.6 crore
-OPM at 30.6 percent versus 36.6 percent

-PAT up 16 percent at Rs 11.9 crore versus Rs 10.2 crore

Orient Green Power Q3 YoY
-Revenue up 2 percent at Rs 56 crore versus Rs 55 crore
-EBITDA up 3 percent at Rs 22 crore
-OPM at 60.3 percent versus 60.9 percent

-Loss at Rs 51 crore versus loss at Rs 70 crore

Siti Cable Q3 YoY
-Revenue up 20 percent at Rs 357 crore
-EBITDA up 27 percent at Rs 69.5 crore
-OPM at 19.4 percent versus 18.2 percent

-Loss at Rs 32 crore versus loss at Rs 33 crore

Bharat Bijlee Q3 YoY
-Revenue up 35 percent at Rs 228 crore versus Rs 169 crore
-EBITDA up 133 percent at Rs 14 crore versus Rs 6 crore
-OPM at 6.1 percent versus 3.5 percent

-PAT up 189 percent at Rs 9.6 crore versus Rs 3.32 crore

Everest Industries Q3 YoY
-Revenue up 25 percent at Rs 291 crore versus Rs 236 crore
-EBITDA at Rs 18 crore versus EBITDA loss

-PAT at Rs 9 crore versus loss of Rs 14 crore

Genus Power Q3 YoY
-Revenue up 9 percent at Rs 200 crore versus Rs 183 crore
-EBITDA down 14.5 percent at Rs 19 crore versus Rs 23 crore
-OPM at 9.7 percent versus 12.3 percent

-PAT up 8 percent at Rs 13 crore versus Rs 12 crore

Ion Exchange Q3 YoY
-Revenue up 23 percent at Rs 243 crore versus Rs 197 crore
-EBITDA up 42 percent at Rs 14.5 crore
-OPM at 5.9 percent versus 5.1 percent

-PAT up 49 percent at Rs 8.8 crore versus Rs 5.9 crore

Banking Secretary Rajeev Kumar says
-Will infuse Rs 8,800 crore in SBI, Rs 5,473 crore in PNB, Rs 5,375 crore in BoB
-Will infuse Rs 4,865 crore in Canara Bank, Rs 4,524 crore in Union Bank
-Will infuse Rs 2,839 crore in Syndicate Bank, Rs 1,890 crore in Andhra Bank
-Will infuse Rs 785 crore in Punjab & Sind Bank, Rs 10,610 crore in IDBI Bank
-Will infuse Rs 9,232 crore in Bank Of India, Rs 6,507 crore in UCO Bank
-Will infuse Rs 5,158 crore in Central Bank, Rs 4,694 crore in IOB
-Will infuse Rs 3,571 crore in OBC, Rs 3,045 crore in Dena Bank
-Will infuse Rs 3,173 crore in Bank Of Maharashtra, Rs 2,634 crore in United Bank
-Will infuse Rs 2,187 crore in Corporation Bank, Rs 1,500 crore in Allahabad Bank
-Will infuse Rs 1,277 crore in Vijaya Bank
-Economy has gained traction since government’s recapitalisation announcement in PSU banks
-Government promised to give capital on the basis of performance, merit
-Depositors' money in public sector banks (PSBs) is safe; no PSB will fail
-Regulatory capital of all banks will be maintained
-PSBs must aim for customer satisfaction, responsible banking
-PSBs should deepen financial inclusion, be a friend of SME
-Proposed that every bank shall have a minimum 10 percent exposure in a consortium borrower
-Propose to mandate minimum 10 percent exposure per bank in large corp loans
-All loans above Rs 250 crore will undergo special monitoring
-Breach of any loan covenant will be shared with entire lending consortium as a red flag
-Each bank to adopt a policy in accordance with their core strengths
-PSU banks need to identify non-core assets to monetise
-For 65 crore BSBD accounts, there are no minimum balance maintaining charges

-Bank recap to be more than Rs 1 lakh crore this fiscal year

Gallantt Ispat
-Proposal to further expand capacity of various plants

-Proposal to install pelletisation plant as backward integration Approved amalgamation of wholly owned subsidiaries

Ashok Leyland

Ashok Leyland has received an order of over Rs 350 crore from VRL Logistics for 1200 trucks

Bharat Electronics

Bharat Electronics in its Board meeting proposed for buy back of the fully paid-up equity shares of the company of face value of Re 1 each which will also be considered by the Board

Bharat Financial Inclusion

Bharat Financial Inclusion assigned a pool of receivables of an aggregative value of Rs 225.77 crore to a public sector bank on direct assignment basis as per the guidelines of the Reserve Bank of India

Other stocks and sectors in the news today:

NCC to consider fund raising via QIP on January 30, 2018

Bhushan Steel bids may touch double of liquidation value: BS

Indian Hotels in focus - Taj Mansingh bid deadline extended to February 7: BS

Electrosteel Steels may see a higher revision in bids from all four companies: BS

Cadila Healthcare turns focus on vaccines and biosimilars: BS
First Published on Jan 25, 2018 07:58 am
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