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Normal Equity Calls from share market

By : Simran Shah

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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%.

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