Bharti Airtel, Yes Bank in spotlight after Q2 numbers

On a consolidated basis, Bharti Airtel's net profit fell 57.48% to Rs 249.20 crore on 6.22% decline in net sales to Rs 20422.50 crore in Q2 September 2018 over Q2 September 2017. The result was announced after market hours yesterday, 25 October 2018.

Yes Bank's net profit fell 3.79% to Rs 964.70 crore on 43.91% rise in total income to Rs 8704.68 crore in Q2 September 2018 over Q2 September 2017. The result was announced after market hours yesterday, 25 October 2018.

On a consolidated basis, Biocon's net profit surged 415.55% to Rs 354.70 crore on 36.38% rise in net sales to Rs 1,321 crore in Q2 September 2018 over Q2 September 2017. The result was announced after market hours yesterday, 25 October 2018.

Kridhan Infra (KIL) announced that its associate company Vijay Nirman Company (VNC) has secured new civil construction work worth Rs 167 crore. The company has secured the work for construction of minor bridges, culverts, ROB and other associated elements included in Purvanchal Expressway (Package - V) development contract. VNC's work on this project is expected to be completed over a period of 15 months from the date of start i.e. 25 November 2018. The announcement was made after market hours yesterday, 25 October 2018.

IL&FS Transportation Networks said its board considered the proposal for divestment of the company's stake in certain road projects for easing the liquidity concerns and decided to seek assistance from the Financial and Transaction Advisors appointed by IL&FS for the process. In connection therewith, the board authorized exploring various options and providing relevant information and access to counterparties in respect thereto, subject to execution of requisite confidentiality and non-disclosure agreements. Any sale would be subject to Board and other approvals as may be required. The announcement was made after market hours yesterday, 25 October 2018.

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