Canara Bank Q1 net profit down 52% (YoY)
Canara Bank has announced the Unaudited Standalone results for the quarter ended June 30, 2016
Net profit fell by 52.18% to Rs228.95 crore Vs Rs478.84 crore (YoY).
Total Income decreased by 3.80% to Rs11786.35 crore Vs Rs12252.64 crore (YoY).
Gross NPA At 9.71% Vs 9.4% (QoQ)
Net NPA At 6.69% Vs 6.42% (QoQ)
Gross NPA at Rs32, 334 crore Vs Rs31, 638 crore (QoQ)
Net NPA at Rs21, 494 crore Vs Rs20, 833 crore (QoQ)
Provisions at Rs1, 493 crore Vs Rs6, 331.5 crore (QoQ) Vs Rs 1,360 Cr (YoY)
NII at Rs2, 307.4 crore
NII -8.3% at Rs2, 307.4 crore Vs Rs2, 516.6 crore (YoY)
Indiabulls Hsg Fin Q1 Cons net profit comes at Rs630 Cr
Indiabulls Hsg Fin Q1: Cons Net Profit at Rs.630 Cr Vs Rs.511.3 Cr (YoY)
Cons Total Income at Rs.2, 372 Cr vs Rs.1, 829 Cr (YoY)
Gross NPA Unchanged At 0.84% (QoQ)
Net NPA At 0.36% Vs 0.35% (QoQ)
NII +28.2% at Rs.1, 053 Cr (YoY)
ITC plans to invest Rs25, 000 crore in multiple projects
ITC planning to invest Rs25, 000 crore in multiple projects over next 5 years (investment would largely be done through internal accruals as the company has strong cash flows).
The company has target revenues of Rs1, 00,000 crore from its non-cigarette FMCG business by 2030
CESC likely to sign another 150 MW PPA for Chandrapur plant
CESC is close to signing a new 150 MW power purchase agreement for its Chandrapura based Power Plant in Maharashtra, which is currently running in losses due to under utilization of assets.
The power plant has already entered into PPA for 100 MW with Tangedco and another 170 MW with Greater Noida. So, if the PPA is signed the plant will be profitable now having PPA in place for 400 plus MW.
Havells India reports strong earnings in Q1FY2017
Havells India reported a very strong earnings in Q1FY2017; PAT grew by 36% YoY
Havells India reported a very strong earnings in Q1FY2017; PAT grew by 36% YoY to Rs145.6 crore. The revenue grew by 17% YoY to Rs 1,464 crore backed by strong export business (up 25%).
Further, operating margin expanded by 90 bps YoY to 13.6% in this quarter and helped operating profit to grow by 25% YoY to Rs200 crore.
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