Monday, 5 May 2014
Reliance Comm falls 2% on March quarter earnings
Shares of Reliance Communications are losing over 2 percent. Its net profit slipped 48.5 percent to Rs 156 crore in the quarter ended March 31, from Rs 303 crore a year earlier.
Canara Bank surges as bad loans decline
Canara Bank has moved higher by over 7% after the bank said its net non-performing assets, as a percentage of total assets, declined to 1.98% in March quarter from 2.39% in the previous quarter ended December 2013. The bank’s gross non-performing loans as a percentage of total assets too declined to 2.49% from 2.79% in previous quarter.
Ajanta Pharma soars on robust Q4 results
Ajanta Pharma has soared 15% after reporting over two-fold jump in standalone net profit at Rs 70 crore for the quarter ended March 31, 2014 on back of higher revenues from export.
ABB India Q1 net profit at Rs 516.80 mn
ABB India Ltd has posted a net profit of Rs. 516.80 mn for the quarter ended March 31, 2014 as compared to Rs. 430.60 mn for the quarter ended March 31, 2013. Total Income has decreased from Rs. 19826.10 mn for the quarter ended March 31, 2013 to Rs. 18288.40 mn for the quarter ended March 31, 2014.
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