Vistara carried 33.06 lakh passengers in the October-December quarter garnering a market share of 9.2 percent, according to the data by the Directorate General of Civil Aviation.
The sharp improvement in the value of the index was buttressed by subsiding of concerns around the impending recession and its impact on the Indian economy
While IndiGo is expected to report a Rs 310 crore loss, SpiceJet is expected to report losses to the tune of Rs 170 crore during the recently concluded quarter.
Earnings before interest, tax, depreciation and amortisation may grow 24.1 percent to Rs 332 crore but operating profit margin is likely to fall 470 basis points to 58 percent compared to same quarter last year.
Reported profit after tax of the company is expected to grow 7.8 percent year-on-year to Rs 939 crore and net sales may surge 10.6 percent to Rs 7,116 crore in the quarter ended December 2013.
Consolidated net sales dropped 16.5 percent to Rs 186 crore in the quarter ended December 2013 from Rs 222.8 crore in a year ago period.
In the quarter gone by, total income from operations grew nearly 15 percent to Rs 6,020 crore while total expenses rose 15 percent to Rs 4,273.2 crore compared to a year ago period.
Quarterly net revenues of the Mukesh Ambani flagship stood at Rs 1.03 lakh crore, up 10 percent year-on-year, and slightly lower than the CNBC-TV18 poll estimate of Rs 1.04 lakh crore.
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.
StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Yes Bank to report a profit of Rs 396 crore for the quarter, compared with a consensus mean estimate of Rs 390 crore.
India‘s current account deficit (CAD) widened to 6.7 percent as against expected 6.4 percent in the October-December quarter, 2012.
Chennai-based Shriram Transport Finance (STF) reported 14% year-on-year rise in its third quarter (October-December, 2012-13) net profit at around Rs 350 crore, driven by robust growth in loan book. The company primarily lends to individual truck operators across the nation.
Kerela-based Dhanlaxmi Bank turned profitable in the third quarter (October-December, 2012-13) recording a net profit at Rs 4.4 crore as against a net loss of Rs 37 crore a year ago, on the back of lower employee cost.
India's largest housing finance company, Housing Development Finance Corporation (HDFC) on Monday reported more than 16% year-on-year jump in its third quarter (October-December, 2012-13) net profit at Rs 3,293 crore, driven by robust loan growth.
India's largest housing finance company HDFC is likely to report over 15% year-on-year growth in its third quarter (October-December, FY13) net profit at Rs 1,132 crore. Its total loan book would expand in the range of 20-22% y-o-y, according to an average estimate by 14 brokerages.
Private sector lender HDFC Bank, known for its expertise in transaction banking, expects more growth in retail rather than wholesale banking in the year ahead. During October-December quarter, the bank expanded its retails loans by 29% year-on-year to Rs 1.30 lakh crore while corporate loans increased 18.5% y-o-y to about Rs 1.11 lakh crore.
South based Federal Bank on Thursday reported a muted growth in its third quarter (October-December) net profit that has risen only by 4% year-on-year to Rs 211 crore. The lender took a one-time hit on a corporate account, which borrowed around Rs 1400 crore from a consortium of banks. This dented its profit margin.
India's third largest private sector lender Axis Bank's October-December quarter net profit scaled up to a forecast beating 22% year-on-year to 1,347 crore, driven by three-pronged reasons: lower provisions against bad loans, higher net interest income and robust fee income.
Private sector lender Axis Bank's third quarter (October-December) net profit is expected to rise around 17% year-on-year to Rs 1,291 crore. Net interest income (NII) or the difference between interest earned and paid out, is likely to grow 14% y-o-y to Rs 2,445 crore, according an analyst estimate by CNBC-Awaz.
Banks are unlikely to spring any surprise, be it positive or negative in their third quarter (October-December) earnings in 2012-13. Private sector lenders continue to be preferred over their public sector peers.
Privately held IndusInd bank kick-started the third quarter (October-December) earnings season with a positive note. Driven by robust growth in interest income, the Hinduja owned bank reported 30% year-on-year rise in its net profit at Rs 267 crore for the quarter ended December 31, 2012-13.
Slower growth in discretionary spending and delays in decision making of clients may continue to hurt Indian IT companies' revenue growth in the December quarter, analysts today said.
The Reserve Bank of India on Tuesday left the key policy rate unchanged in its mid quarter (December 2012) monetary policy. With this status quo in the policy action, repo rate stood at 8% while reverse repo was at 7%. Cash reserve ratio (CRR) also remained at 4.25%.