TOP CORPORATE NEWS:- 26 Jul 2017

Corporate News

TOP Headlines Of The Day:- 26 Jul 2017

HDFC Q1 net profit misses Street estimates
Yes Bank Q1 net up 32% at Rs965.5 cr
PVR Q1 net profit up 3.73% (YoY)
Federal Bank Q1 net profit up 26% (YoY)
Bharat Financial Q1 below estimate
Pidilite consolidated net profit down 17% (YoY)

HDFC Q1 net profit misses street estimates
Housing Devlopment Finance Corporation Ltd (HDFC) Q1 results for the Quarter June 30, 2017
Net Profit at Rs1, 556 crore
Provisions at Rs85 crore Vs Rs148 crore (QoQ) & Rs340 crore (YoY)
Income from Ops at Rs8, 129 crore Vs Rs7, 461 crore (YoY)
Gross NPA at 1.12% Vs 0.79% (QoQ)
NIM at 4% Vs 4.1% (QoQ)
Q1 effective Tax Rate at 34% Vs 30.7% (YoY); Expect Tax Rate to significantly reduce in coming quarters
Board approves Redeemable NCDs up to Rs35, 000 crore on Private Placement Basis

Yes Bank Q1 net up 32% at Rs965.5 cr
Yes Bank Q1 Results for June 30, 2017
Net Profit at Rs965.5 crore
Gross NPA at Rs1, 364.4 crore Vs Rs2, 018.6 crore (QoQ)
Net NPA at Rs545.3 crore Vs Rs1, 072.3 crore (QoQ)
Gross NPA at 0.97% Vs 1.52% (QoQ)
Net NPA at 0.39% Vs 0.81% (QoQ)
Provisions at Rs285.8 crore Vs Rs309.7 crore (QoQ) & Rs206.6 crore (YoY)
Net Interest Margin at 3.7% Vs 3.6% (QoQ)
Provision Coverage Ratio at 60% Vs 46.9% (QoQ)
Approves Stock-split in ratio of 1:5

PVR Q1 net profit up 3.73% (YoY)
PVR Q1 earnings for June 30, 2017:
Net Profit up 3.73% at Rs44.4 crore Vs Rs42.8 crore (YoY)
Revenue up 13.2% at Rs636.60 crore (YoY)
EBITDA at Rs112 crore
EBITDA Margin at 17.6%
Movie Exhibition Revenue up 13.3% at Rs612.4 crore (YoY)
EBITDA up 5.2% at Rs112 crore (YoY);
EBITDA Margin at 17.6% Vs 18.9% (YoY).

Federal Bank Q1 net profit up 26% (YoY)
Federal Bank Q1 earnings for June 30, 2017
Net Profit at Rs210 crore Vs Rs167 crore (YoY)
Gross NPA at 2.42% Vs 2.33% (QoQ)
Net NPA at 1.39% Vs 1.28% (QoQ)
NII at Rs800.7 crore
Net NPA at Rs1, 061 crores Vs Rs941 crore (QoQ).

Bharat Financial Q1 below estimate
Bharat Financial Inclusion Q1 results for the Quarter ended June 30, 2017
Q1 Net Loss at Rs37 crore
Revenue at Rs411.2 crore Vs Rs369 crore (YoY)
Provisions & Write-offs at Rs176 crore Vs Rs334.5 crore (QoQ) & Vs Rs12 crore (YoY)
Gross NPA Unchanged at 6% (QoQ)
Net NPA at 1% Vs 2.7% (QoQ)
NII at Rs213 crore Vs Rs217 crore (YoY)
Bharat Fin Says Reiterate Guidance of Rs435 crore profit for FY18
Disbursals improved to 98% in June 2017 Vs 12% in January
Q1 Loan Disbursements at Rs3,734 crore Vs Rs3,902 crore

Pidilite consolidated net profit down 17% (YoY)
Pidilite Industries Q1 results for the Quarter ended June 30, 2017:
Consolidated net profit falls by 16.77% at Rs226.5 crore Vs Rs272.15 crore (YoY)
Consolidated revenue for the quarter decline marginally by 1.3% to Rs1669 crore
EBITDA fell by 18.5% to Rs321 crore (YoY)
EBITDA margin stood at 19.2%.

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