The company earlier this month in its BSE filing had said it recorded a fair value gain of Rs 9,020 crore through the statement of profit and loss after derecognition of investment in GRUH Finance. Its shareholding in Bandhan Bank will be classified as fair value through other comprehensive income, it added. … [Read more...] about HDFC may report 300% increase in Q3 profit, AUM growth expected at 14-15%
The management increases credit cost guidance of FY20 from earlier range of 1.2-1.3 percent and expects it to be in the similar range of 9MFY20 because of recoveries from other than (Steel A/C) have not materialised as per expectation. Further, the broking company and south- based company has also impacted but would continue to target a normalised credit cost of about 25 percent of the core operating profit. The management is not hopeful of any major recovery in Q4. … [Read more...] about ICICI Bank reports healthy Q3 numbers; highlights of analyst call
Prolonged monsoon impacted construction activity in Dolvi as well as Vijaynagar plant. Based on the progress of work the Dolvi project delayed further to get commissioned in 1HFY21 (earlier it was planned to be commissioned in Q4FY20).Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about JSW Steel Q3 earnings disappoint street; check key highlights of analysts’ call
Centrum Broking said Larsen & Toubro has maintained its ex-services revenue growth guidance of 12-15 percent (9MFY20 growth of 4.7 percent), implying a robust growth recovery in Q4FY20. "This recovery is likely to be driven by improved execution in its Maharashtra & NCR based projects, resumption of works in its Andhra Pradesh projects as well as improved payments in government contracts." … [Read more...] about Brokerages upgraded 6 stocks to ‘buy’ post Q3 earnings; should you buy?
Private sector lender DCB Bank on Saturday reported an increase of 12.31 percent in its net profit at Rs 96.70 crore for the third quarter ended December 2019. Its net profit was Rs 86.10 crore in the October-December period a year ago, DCB Bank said in a BSE filing. … [Read more...] about DCB Bank Q3 net profit up 12.3% at Rs 96.70 crore