👀 Stocks in focus 👀
Biocon: Biotechnology major Biocon on Tuesday reported a 64.55 per cent rise in its consolidated net profit to Rs 171.3 crore for the third quarter ended December 31, led by robust growth of biologics business. It had posted a net profit after taxes, minority interest and share of profit from associates of Rs 104.1 crore for the corresponding period of the previous fiscal.
Bharti Airtel: Bharti Airtel on Tuesday registered its lowest bottomline figures in four years as demonetisation and intense competition with Reliance Jio hit revenues. Consolidated net profit in October-December quarter declined nearly 55 per cent to Rs 503.7 crore as against Rs 1,108.1 crore in the same period a year ago.
Multi Commodity Exchange (MCX): Markets regulator Sebi has asked commodity bourse MCX to conduct a forensic audit of technology solutions provided by former promoter entity FTIL, apparently to check whether there has been any issue of preferential access.
Zensar Technologies: IT company ZensarTechnologies on Tuesday reported a 13.26 per cent rise in consolidated net profit to Rs 81.91 crore for the quarter ended December 31, 2016. The Pune-based firm had posted a net profit of Rs 72.32 crore in the year-ago period.
Indian Overseas Bank: Public sector Indian Overseas Bank reported narrowing of its December quarter net loss to Rs 554.44 crore. Its net loss in the corresponding October-December quarter of 2015-16 fiscal was Rs 1,425.06 crore.
Crompton Greaves Consumer Electricals:The company on Tuesday posted 39.29 per cent jump in its standalone net profit to Rs 57.36 crore for the third quarter ended December 31, 2016. It had reported a net profit of Rs 41.18 crore in the October-December quarter a year-ago.
Bharat Financial Inclusion: The company on Tuesday said its net profit rose by nearly 80 per cent to Rs 143 crore in the third quarter of 2016-17 financial year. The net profit in the corresponding October-December quarter of 2015-16 stood at Rs 79.50 crore.
Syngene International: Biocon's contract research arm Syngene International reported a 11.54 per cent rise in standalone net profit to Rs 74.4 crore for the quarter ended December 31, 2016. The company had posted a net profit of Rs 66.7 crore in the year-ago period.
Earnings Today: Kotak Mahindra Bank,Maruti Suzuki and Wipro will announce their financial results for the quarter ended December 31, 2016 on Wednesday.
Inox Leisure: Multiplex chain operator Inox Leisure reported a decline of 78 per cent in consolidated net profit to Rs 3.75 crore for the third quarter ended December 31, 2016. It had posted a net profit of Rs 17.05 crore in the October-December period a year ago.
State Bank of Mysore: The public sector lender on Tuesday reported a loss of Rs 20.25 crore for the quarter ended December 31, on higher provisioning. The bank's net profit during the corresponding quarter in 2015-16 was Rs 26.94 crore.
PNB Housing Finance: The company posted a rise of 53 per cent in net profit at Rs 137.8 crore for the third quarter ended December. It had reported a net profit of Rs 90.3 crore in the year-ago period.
Wockhardt Ltd: Homegrown pharma firm Wockhardt reported a consolidated net loss of Rs 53.91 crore for the third quarter ended December 31, 2016, hit by subdued US business and demonetisation in India. The company had posted a consolidated net profit of Rs 72.04 crore in the same quarter last fiscal.
More will update soon!!
