Showing posts with label Our Service's. Show all posts
TOP CORPORATE NEWS 23 JULY 2014
By : Simran Shah
·
YES Bank Q1 profit up 10% to Rs
439.5 cr, misses forecast
YES Bank
first quarter (April-June) net profit rising 9.7 percent on yearly basis to Rs
439.5 crore despite fall in provisions. Lower other income and higher operating
expenses impacted bottom line.
·
Polaris Q1 profit slips 15.6% to
Rs 38.3 cr
Polaris
Financial Technology disappointed the street by reporting a consolidated
net profit at Rs 38.3 crore in April-June quarter, down 15.6 percent compared
to Rs 45.4 crore in previous quarter due to fall in revenues and higher tax
cost.
·
NIIT Q1 FY15 net profit at Rs. 60
lakh
NIIT Ltd reported its
results for the first quarter ended June 30, 2014. In this quarter, the company
recorded Net Revenue of Rs 225.3 Cr with a PAT of Rs 0.6 Cr. EBITDA was
recorded at Rs 12.8 Cr, up 23% YoY, and the Operating margin stood at 6% up 101
bps YoY.
·
KPIT Tech slumps after poor Q1 results
KPIT
Technologies slumped 6.76% after consolidated net profit fell 17.13% to Rs
50.80 crore on 1.5% decline in revenue to Rs 689.70 crore in Q1 June 2014 over
Q4 March 2014.
TOP CORPORATE NEWS
By : Simran Shah- Asian Paints Q1 profit rises 23% on strong revenue, EBITDA
Asian
Paints reported slightly better-than-expected earnings on top line as
well as bottom line fronts while operational performance was very strong
led by increase in product prices despite higher raw material cost.
Consolidated net profit grew 23.2 percent on yearly basis to Rs 338.7
crore on total income of Rs 3,362 crore.
- Ceat skids post June quarter results
Ceat
has falling nearly 12% after reporting 21% year on year decline in
consolidated net profit at Rs 52 crore for the first quarter ended June
30, 2014, due to higher expenditure.
- Axis Bank Q1 profit rises 18%, asset quality disappoints
Axis
Bank reported a 18.3 percent growth in net profit at Rs 1,667 crore for
the quarter ended June 2014 compared to Rs 1,703 crore in same quarter
last year, which was lower than expectations of 21 percent growth due to
lower other income and higher operating expenses despite significant
fall in provisions.
- Hexaware Tech Q1 PAT at Rs765mn
Hexaware
Technologies Ltd has posted results for the first quarter ended 30th
June, 2014. The net profit for the quarter stood at Rs765mn. The net
sales stood at Rs610crore for Q1. EBITDA margin for the quarter was
16.7%. EBIT margin at 14.9%.
TOP CORPORATE NEWS
By : Simran Shah
·
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.
