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Lower provisions led to Q3 earnings growth but loan book growth muted and deposit trend weak
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In Q3 results released on Monday, the company said its net profit had risen 19.8 percent year-on-year to Rs 83.2 crore.
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The company said external factors like tough business and economic due to demonetisation resulted in reduced demand.
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Analysts predict Q3 to be a tough quarter with revenue growth moderating to 11.7 percent in October-December period compared to 18.4 percent compounded annual growth rate (CAGR) over last 10 years
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In an interview with CNBC-TV18, Basant Kumar Agarwal, MD of Manaksia said that restructuring and substantial cost cutting in fuel consumption helped improve margin in this quarter.
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In an interview with CNBC-TV18, Hitesh Goel, Senior Analyst at Kotak Institutional Equities, talked about his earnings expectations from Ashok Leyland and Tata Motors.
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In an interview with CNBC-TV18, Nikhil Kumar, MD, TD Power Systems, discussed his company's third quarter earnings. The firm today reported a net loss of Rs 5.66 crore on revenues of Rs 112.83 crore.
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Seed company Advanta Ltd today
reported an over two-fold jump in consolidated net profit at
Rs 60.67 crore for the quarter ended December 31.
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In an interview with CNBC-TV18, Seshagiri Rao, Jt MD and Group CFO, JSW Steel, talked about the company's third quarter earnings and shared his outlook going forward.
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V-Guard Industries today reported an over two-fold jump in its standalone net profit at Rs 21.48 crore for the third quarter ended December 31, 2015.
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As the earnings season attains top gear, markets have so far digested a mixed set of declarations. However, with uncertainty from global macros expected to weigh, the importance of keeping a stock-specific approach becomes important.
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In an interview with CNBC-TV18, ML Pachisia, MD, Orient Papers, discussed the company's third quarter earnings.
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Muthoot Finance today reported an increase of 21 percent in net profit at Rs 187 crore for the third quarter ended December 31, 2015.
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Sterlite Technologies Ltd today reported around 81.74 percent jump in standalone net profit to Rs 41.91 crore for the quarter ended December 31, due to increase in revenue from power and telecom businesses.
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Realty firm Mahindra Lifespace Developers Ltd today reported a 76 percent decline in its consolidated net profit at Rs 7.74 crore for the quarter ended December.
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Ahmedabad-based air cooler company Symphony today reported a jump of 32.51 percent in standalone net profit at Rs 47.73 crore for the second quarter ended December 31.
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In an interview with CNBC-TV18, IS Jha, Chairman & MD, Power Grid, discussed the company's third quarter earnings.
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In an interview with CNBC-TV18's Ekta Batra, Vaibhav Agrawal of Angel Broking, Kunal Shah of Edelweiss, Gaurang Shah of Geojit BNP Paribas and banking analyst Hemindra Hazari shared their readings of HDFC Bank's third quarter earnings.
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Reliance Communication today said its third quarter net profit rose 9.6 percent quarter-on-quarter to Rs 171 crore, earnings before interest, taxes, depreciation and amortization (EBITDA) rose 1.77 percent to Rs 1,782 crore while revenues were flat at Rs 5,277 crore.
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In an interview with CNBC-TV18, Govardhan Dhoot of Mangalam Drugs outlined the company's third quarter earnings, and said it is poised to poised to further improve its margins, going forward.
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A CNBC-TV18 poll of analysts has forecast the firm‘s dollar revenue to grow 0.2 percent to USD 3940 million versus USD 3931 million in the previous quarter, while rupee revenue is seen declining 0.1 percent, from Rs 24,501 crore to Rs 24,456 crore.
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While the bank‘s net profit came in below estimates (Rs 2,910 crore versus expectations of Rs 3,254 crore), its gross non-performing asset (GNPA) margin rose from 4.89 percent a quarter ago to 4.9 percent this quarter.
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Infosys hosted a press conference to discuss its third quarter earnings.
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Rajiv Bajaj, managing director, Bajaj Auto said a steep decline in volumes, (-10 percent in motorcycles and -25 percent in three-wheelers), and the company not passing on higher input costs of its upgraded three-wheeler model were the main reasons for the lackluster quarterly performance.
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Banks are under pressure. Shares of Axis Bank fell the most among largecaps in the Sensex, losing 2 percent. State Bank of India and HDFC Bank declined 0.9 percent each while their rival ICICI Bank rose 0.2 percent.
