CORPORATE NEWS – 25 Jan 2017

corporate

Exide Industries Q3 net profit up 9% (YoY)

Exide Industries has announced the following Q3 Un-audited Standalone results for the quarter ended December 31, 2016 (YoY):
The Company has posted a net profit of Rs151.49 crore Vs Rs138.46 crore.
Total Income increased to Rs1984.58 crore Vs Rs1745.54 crore.

UPL Q3 consolidated net profit up 63% (YoY)

UPL has announced the following Q3 results for the quarter ended December 31, 2016 (YoY):
Standalone
The Company has posted a net loss of Rs50.10 crore Vs net loss of Rs56.02 crore.
Total Income increased to Rs1876.43 crore Vs Rs1465.00 crore.

Kotak Mahindra Bank Q3 consolidated net profit up 34% (YoY)

Kotak Mahindra Bank has announced the following Q3 results for the quarter ended December 31, 2016:
Standalone (YoY)
The Bank has posted a net profit of Rs879.76 crore Vs Rs634.72 crore.
Total Income increased to Rs5377.83 crore Vs Rs4843.86 crore.
Consolidated
The Group has posted a profit after tax at Rs1266.59 crore Vs Rs945.16 crore.
Total Income increased to Rs7670.04 crore Vs Rs6950.41 crore.

Arvind Q3 net profit drops 16% (YoY)

Arvind has announced the following Q3 results for the quarter ended December 31, 2016
Standalone (YoY)
The Company has posted a net profit of Rs71.65 crore Vs Rs88.61 crore.
Total Income increased to Rs1480.66 crore Vs Rs1354.52 crore.
Consolidated (YoY)
The Group has posted a net profit of Rs75.62 crore Vs Rs90.46 crore.
Total Income increased to Rs2052.43 crore Vs Rs2346.37 crore.
Maruti Suzuki Q3FY17 review: In line performance

Maruti Suzuki posted in line results for Q3FY17. Topline grew 12% yoy to Rs 16,865 cr. While the volume growth stood at 4%, realization/vehicle was up 9% led by better product mix and price hikes.
Operating margins for the quarter improved 40 bps on yoy basis to 14.8%. Lower discounting coupled with cost control measures led to margin improvement.
The margins were in line with our assumptions of 14.9%. Operating profit grew 16% yoy to Rs 2,489 cr
Higher other income at Rs 592 cr (144% yoy growth) further boosted profitability
Net Profit at Rs 1,745 cr grew 48% yoy and was marginally higher than our estimate of Rs 1,689cr.

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