Bank of Baroda Q3 results: Net profit rises 5.6% to Rs 4,837 crore, NII up 3%. L&T Q3 results: Net profit rises 14% to Rs 3,359 crore, but misses estimates as EBITDA margins fall. Biocon Q3 results: All business segments grow; EBITDA up 16%, revenue rises 7%. IndusInd Bank Q3 Preview: Profit may see sharp 39% YoY fall amid rising slippages. Nestle India Q3 Preview: Net profit may slip 9% on increased competition
The company's EBITDA may grow 15-20 percent next fiscal on the back of low raw material cost, says Rajendra Gogri, CMD, Aarti Industries.
The company's Q3 net profit jumped 25.8 percent to Rs 463 crore from Rs 368 crore in corresponding quarter last fiscal. However, exceptional hit partially mitigated profit growth.
The company is also aiming for a top line growth of 18-20 percent for FY15.
CARE Equity Research has come out with its report on Elder Pharmaceuticals Limited (EPL). The research firm has maintained the fundamental grade of 3/5 on the company, which indicates ‘Good Fundamentals’.