TOP CORPORATE NEWS : 4, May 2017

top corporate news
Top Headlines of the Day :

HDFC Q4 profit meets estimate
Exide Industries Q4FY2017 results broadly in line
TVS Motor to launch the Apache RR310S around mid-2017
ICICI Bank Q4 net profit up 3-fold
Godrej Properties Q4 meets estimates

HDFC Q4 profit meets estimate
Standalone net profit at Rs2044.2 crore Vs Rs2607.05 crore
Standalone provisions at Rs148 crore Vs Rs117 crore (QoQ); Rs545 crore (YoY)
Board recommends final dividend Of Rs15/Sh.
Gross NPA at 0.79% Vs 0.81% (QoQ)
FY17 Net Interest margin unchanged at 4.1% YoY
Total Loan book at Rs2.96 lakh crore as on March 31, 2017
FY16 PAT Includes One-time Gain from HDFC Life Stake Sale.

Exide Industries Q4FY2017 results broadly in line
Exide Industries has reported a broadly in line results for Q4FY2017.
The topline for the quarter at Rs 1,976 cr is up a healthy 11.6% YoY (better than our estimates of 6% growth) driven by healthy growth in the auto
motive replacement market and recovery in the automotive OEM and the home UPS segment. Also, the price hikes taken aided in the topline growth for
the company.
The operating margins at 13.3% (marginally lower than our estimates of 14.6%) for the quarter contracted by 178 BPS YoY. Surge in the raw material
prices (Lead) impacted the margins. (RM /sales) was up 180 BPS YoY. Consequently the EBITDA dropped by 1.7% YoY to Rs 262 Cr as against our estimate
of Rs 273 cr.

TVS Motor to launch the Apache RR310S around mid-2017
TVS Motor to launch the Apache RR310S around mid-2017. The new motorcycle is being jointly developed by TVS Motors and BMW Motorrad.
The motorcycle will share its engine with the upcoming BMW G310R. The Apache RR310S will be manufactured at the company’s Hosur plant and is likely
to be priced between Rs 2-2.5 lakh (ex showroom Delhi).

ICICI Bank Q4 net profit up 3-fold
ICICI Bank Q4 earnings
Net profit at Rs2, 024.6 crore Vs Rs701.9 crore (YoY)
NII up 10.3% at Rs5, 962.1 crore Vs Rs 5,404.5 crore (YoY)
Gross NPA at 7.89% Vs 7.20% (QoQ)
Gross NPA at Rs42, 551.5 crore Vs Rs38, 085 crore (QoQ)
Net NPA at 4.89% Vs 3.96% (QoQ)
Net NPA at Rs25, 451 crore Vs Rs20, 154.9 crore (QoQ)
Provisions at Rs2, 898.2 crore Vs Rs2, 712.7 crore (QoQ) Vs Rs3, 326 crore (YoY)
Domestic advances growth at 14% (YoY)
Slippages at Rs11, 289 crore
Net interest margin at 3.57% Vs 3.12% (QoQ)
Recommend bonus shares in the ratio of 1:10.

Godrej Properties Q4 meets estimates
Godrej Properties Q4 earnings Consolidated (YoY)
PAT at Rs62.6 crore Vs loss Of Rs10.7 crore
Revenue up 19.2% at Rs431.3 crore
Consolidated EBITDA at Rs66.4 crore Vs EBITDA Loss of Rs30.4 crore.

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