Topline growth has slowed down further, but the surprise is the drop in net profit despite the corporate tax cut
"...further to our letter dated February 11, 2020 on results conference call scheduled for February 14, 2020. We hereby wish to inform that the aforesaid conference call has been postponed," Vodafone Idea said in a regulatory filing.
The company had posted a net profit of Rs 131.94 crore for the corresponding period of the previous fiscal, Pfizer Ltd said in a filing to BSE.
The company had posted consolidated loss of Rs 122.61 crore in the year-ago period, GVK Power and Infrastructure said in a filing to BSE.
The consolidated income of the company during October-December period dropped to Rs 699.15 crore, from over Rs 926.05 crore in the year-ago period, the filing said.
However, the consolidated income of Sundaram Finance declined to Rs 1,338.29 crore in the period under consideration, from over Rs 2,224.57 crore a year-ago.
The net profit at Rs 1,250.65 crore, or Rs 2.77 a share, in October-December, was 25.6 percent lower than Rs 1,681.23 crore, or Rs 3.73 per share, profit earned in the same period a year ago, the company said in regulatory filings.
The consolidated income during October-December period declined to Rs 15,739.38 crore, over Rs 16,533.99 crore in the year-ago period.
With the spread of the Coronavirus epidemic, the demand of soda ash from China is likely to take a hit in coming quarters
Total income rose to Rs 94.54 crore in the third quarter of 2019-20 fiscal, from Rs 77.83 crore in the corresponding period of the previous financial year.
The bank, which is going to be merged with another state-run lender Punjab National Bank, had reported a profit of Rs 144.96 crore in October-December quarter a year ago.
Its total income stood at Rs 14,001.63 crore during the quarter ended December 2019, up from Rs 13,513.35 crore in the year-ago period, Canara Bank said in a stock exchange filing.
The company had clocked a net profit of Rs 95.33 crore during the same period a year ago, AU Small Finance Bank said in a BSE filing.
The stable quarterly numbers came on the back of a healthy top line growth, positive farm sentiment and new product launches