Monday, 21 July 2014
·
HDFC Q1 profit beats forecast,
jumps 14.7% to Rs 1,345 cr
HDFC
reported a 14.7 percent growth, in first quarter net profit at Rs 1,345 crore
compared to Rs 1,173 crore in same quarter last year.
·
Canara Bank Q1 profit rises 1.9%,
asset quality weakens
Canara Bank
first quarter (April-June) net profit grew 1.9 percent, lower than expected, to
Rs 807 crore on account of lower other income during the quarter despite fall
in provisions. Its asset quality performance weakened on sequential basis.
·
R Power drops amid volatility
after Q1 results
Reliance Power lost 0.62%
after consolidated net profit rose 1.66% to Rs 244 crore on 56.09% growth in
operating revenue to Rs 1753 crore in Q1 June 2014 over Q1 June 2013.
·
HDFC Bank Q1 net misses forecast,
rises 21% to Rs 2,233 cr
HDFC Bank
reported a profit after tax of Rs 2,233 crore in April-June quarter, a growth
of 21 percent compared to Rs 1,844 crore in same quarter last year.
Profitability of the bank was lower than street estimates due to higher
provisioning and lower other income.
