Expects Rs 3,530 crore expansion programme to be completed in near future
During the quarter under review, net sales (revenue) of the company stood at Rs 1,428 crore, down 2 per cent YoY.
The company reported a strong 61 per cent year-on-year (YoY) jump in its consolidated profit before exceptional items and tax (PBT) at Rs 53 crore in December quarter (Q3FY20).
While the operating profit margin was back in the double-digit territory at 10.2 per cent after the September quarter miss, it was lower than the 11.2 per cent estimated by analysts
Total income grew 28.5 per cent to Rs 1,414 crore during the quarter, from Rs 1,100 crore in the year-ago period
Sales in the US, its biggest market, accounting for 37 per cent of revenues, were up 8 per cent year-on-year (YoY) and 12 per cent sequentially, led by five new launches
Net interest income (difference between interest earned and expense) growth of 9 per cent YoY to Rs 3,239.9 crore was better than analyst expectations of around 8 per cent
US business down by 22% in third quarter, India revenues grow by 5%
DCB Bank's total income was up 13.66 per cent at Rs 990.89 crore during the quarter under review as against Rs 871.78 crore in the corresponding period a year ago
The private sector lender had posted PBT of Rs 1,902 crore in Q3FY19
The performance was in line with expectations, Padmaja Chunduru, MD & CEO, Indian Bank said
Analysts have slashed their earnings expectation by 12 - 15 per cent for the lender
The company will be issuing shares to its promoter entity Cholamandalam Financial Holdings Ltd to raise around Rs 300 crore in one or more tranches
Gross NPAs also fell to 12.64% from 15.82%
The company had posted a profit of Rs 52.25 crore in the same period a year ago, Ceat said in a regulatory filing
Punit Goenka, managing director and chief executive officer of ZEEL, will continue in his role, even as his remuneration is being reviewed by the board
The stock closed lower by 0.7 per cent at Rs 712.7 per share on BSE
The bank said its advances rose by 20 per cent to Rs 59,635 crore. The loan mix showed a retail share of 51 per cent while that of wholesale was 49 per cent.
Total income grew 3.3 per cent YoY to Rs 5,490 crore.
December quarter (Q3) was a mixed ICICI Bank's subsidiaries - namely ICICI Lombard, ICICI Securities (I-Sec), and ICICI Prudential Life Insurance (I-Pru Life)