Idea Cellular to be watched after Q3 earnings

Idea Cellular's consolidated net profit fell 0.37% to Rs 764.21 crore on 10.92% rise in total income to Rs 9040.48 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours yesterday, 21 January 2016. The net profit was dragged down by sharp fall in other income to Rs 30.79 crore in Q3 December 2015 from Rs 132.62 crore in Q3 December 2014. The EBITDA (earnings before interest, taxation, depreciation and amortization) margin improved 0.4% on year-on-year basis at 34.7% in Q3 December 2015.

Cairn India and ITC are scheduled to announce their Q3 December 2015 results today, 22 January 2016.

Cipla announced that FIL Capital Investments (Mauritius) II Limited has received intimation from the Competition Commission of India (CCI) that the CCI has granted its approval with respect to, inter alia, the proposed investment by FIL Capital Investments (Mauritius) II Limited in Cipla Health, a subsidiary of the company. The investment is still subject to, amongst other conditions precedent, approval from the Foreign Investment Promotion Board (FIPB) and the transfer of company's consumer healthcare business to Cipla Health, Cipla said. The announcement was made after market hours yesterday, 21 January 2016.

Separately, Cipla announced after market hours yesterday, 21 January 2016 that rating agency Credit Analysis and Research (CARE) has reaffirmed a 'CARE AAA / A1+' rating to the various bank facilities of the company for an aggregate amount of Rs 3310.50 crore.

InterGlobe Aviation's net profit rose 23.7% to Rs 657.28 crore on 11.9% growth in revenue to Rs 4407.49 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours yesterday, 21 January 2016.

Wockhardt announced after market hours yesterday, 21 January 2016 that Credit Analysis & Research Ltd (CARE Rating) has reaffirmed the company's rating for total working capital limit as CARE AA" and CARE A1+ for long - term bank facilities (fund based) and short-term bank facilities (non fund based) respectively of the company.

Biocon's consolidated net profit rose 13.31% to Rs 103 crore on 8.73% growth in total income from operations (net) to Rs 836.40 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours yesterday, 21 January 2016.

Reliance Capital's consolidated net profit rose 10.32% to Rs 235 crore on 10.06% growth in total income to Rs 2318 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours yesterday, 21 January 2016.

Raymond's consolidated net profit declined 28.46% to Rs 40.11 crore on 7.97% growth in total income to Rs 1507.63 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours yesterday, 21 January 2016.

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