HDFC reported 6.66% rise in net profit to Rs 1520.51 crore on 6.46% rise in total income to Rs 7327.69 crore in Q3 December 2015 over Q3 December 2014. As at 31 December 2015, the loan book stood at Rs 248097 crore as against Rs 219939 crore as at 31 December 2014. The result was announced after market hours yesterday, 27 January 2016.
On a consolidated basis, HDFC reported 11.01% rise in net profit to Rs 2419 crore on 2.96% rise in total income to Rs 12306.52 crore in Q3 December 2015 over Q3 December 2014.
Meanwhile, HDFC's board of directors at its meeting held on 27 January 2016 granted its approval for issuance of Secured Redeemable Non-convertible Debentures (NCD) aggregating to Rs 35000 crore on a private placement basis under a Shelf Disclosure Document in terms of the Sebi (Issue and Listing of Debt Securities) Regulations, 2008.
On a consolidated basis, Bharti Infratel reported 11.54% rise in net profit to Rs 565.40 crore on 5.06% rise in total income to Rs 3225.90 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours yesterday, 27 January 2016.
Power Grid Corporation of India reported 31.26% rise in net profit to Rs 1613.12 crore on 22.7% rise in total income to Rs 5504.83 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours yesterday, 27 January 2016.
Neyveli Lignite Corporation reported 84.61% drop in net profit to Rs 47.61 crore on 17.08% fall in total income to Rs 1410.80 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours yesterday, 27 January 2016.
Shares of Engineers India will be in focus. The President of India (acting through the Ministry of Petroleum and Natural Gas, Government of India, the promoter of Engineers India after market hours yesterday, 27 January 2016, announced an offer for sale (OFS) of 3.36 crore shares of the company, representing 10% of the total paid up equity share capital of the company. The OFS shall take place on the separate window of the stock exchanges from 9:15 IST to 15:30 IST on 29 January 2016.
IDFC Bank reported net profit of Rs 242.20 crore on operating income of Rs 604.20 crore in Q3 December 2015. Net Advances grew 3% to Rs 42995 crore in Q3 December 2015 over Q2 September 2015. Deposits stood at Rs 1646 crore, CASA at Rs 324 crore and Term Deposits at Rs 1322 crore in Q3 December 2015. As on 31 December 2015, the bank reported total Capital Adequacy Ratio (CAR) of 20.3% and Tier 1 CAR of 19.6% under Basel III.
The Gross non-performing loan (NPL) and Net NPL of the bank as on 31 December 2015 stood at Rs 1462 crore and Rs 453 crore respectively. Gross NPL as a percentage to gross advances stood at 3.1% and net NPL as a percentage to net advances at 1%.
As on 31 December 2015, IDFC Bank has 24 branches (of which 16 branches in Bharat Banking, 7 in Commercial & Wholesale Banking and 1 in Personal & Business Banking), 3 ATMs and 5 Micro ATMs. The result was announced after market hours yesterday, 27 January 2016.
Crompton Greaves (CG) and CEA (LITEN) have agreed to cooperate for a period of 12 months to investigate market potential and opportunities for Solar Photo Voltaic (PV) system with storage function for Indian Airports. The agreement was formally announced during the recently held India-France Business Summit in Chandigarh. There is no capital investment in the first phase of this collaboration, however following investigation if found suitable, the companies intend to set up manufacturing facilities using CG's infrastructure and expertise in India and technology knowhow of CEA for commercialising the business opportunity. Being a critical infrastructure, Airports need significant energy backup. Use of Solar PV with battery backup is an innovative solution that will enable Indian airports to reduce carbon emissions by moving over the traditional diesel generator (DG) sets, at the same time make it an economical option given the considerable Time of Day (TOD) charges levied, CG said in a statement.
LITEN is a major European research institute and a driving force behind the development of the sustainable energy technologies of the future. The institute is spearheading the EU's efforts to limit dependency on fossil fuels and reduce greenhouse gas emissions. It is a part of CEA Tech, the R&D wing of the innovation giant, the CEA - a French government-funded technological research organisation in the areas of energy, defence and security, information technologies and health technologies.
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