HDFC in focus on declaring Q3 December 2019 results

Housing Development Finance Corporation (HDFC) reported 296.09% rise in net profit to Rs 8,372.49 crore on 91.75% spurt in total income to Rs 20,291.45 crore in Q3 December 2019 over Q3 December 2018. GRUH Finance (GRUH), an associate of HDFC, merged into and with Bandhan Bank with effect from 17 October 2019. HDFC was allotted 9.90% equity of Bandhan Bank. On de-recognition of investment in GRUH, HDFC has recognised a fair value gain of Rs 9,019.81 crore. HDFC's board approved issuance of secured redeemable non-convertible debentures under a shelf disclosure document (Series - X), aggregating Rs 45,000 crore, on a private placement basis.

InterGlobe Aviation's consolidated net profit surged 167.86% to Rs 495.97 crore on a 25.45% jump in net sales to Rs 9,931.68 crore in Q3 December 2019 over Q3 December 2018. ASK (available seat kilometers) jumped 19.3% to Rs 2,580 crore in Q3 December 2019 as compared to Rs 2,160 crore in Q3 December 2018. The RPK (revenue passenger miles) soared 22.6% to Rs 2,260 crore in Q3 December 2019 as against Rs 1,840 crore in Q3 December 2018. Passenger ticket revenues jumped 24.1% to Rs 8,770.30 crore and ancillary revenues soared 28.8% to Rs 1,037.30 crore in Q3 December 2019 as against Q3 December 2018.

United Spirits reported 15.29% rise in consolidated net profit to Rs 235.30 crore on 1.27% rise in total income to Rs 2,593.40 crore in Q3 December 2019 over Q3 December 2018. During the quarter, the company continued to experience substantial inflation in key raw material costs.

Maruti Suzuki announced a price change for select models owing to increase in input costs. The price change varies across models and ranges from 0% to 4.7% (Ex-Showroom - Delhi). The new prices are effective from 27 January 2020.

Torrent Pharma said the company plans to raise Rs 5,000 crore via issuance of equity shares including convertible bonds, debentures through qualified institutional placement (QIP) or depository receipts. Torrent Pharma reported 2.03% rise in consolidated net profit to Rs 251.00 crore on 1.70% fall in total income to Rs 2,019.00 crore in Q3 December 2019 over Q3 December 2018.

Andhra Bank said board of directors meeting will be held on 30 January, 2020 to consider and approve the proposal for raising equity capital of the Bank by an amount aggregating to Rs 200 crore (including premium) through allotment of new equity shares to the Government of lndia on preferential basis against their capital infusion of Rs 200 crore.

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