The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The company said brand "Kingfisher" has not been hypothecated or pledged by company to any lender to secure its loans.
Q3 net profit jumped over two-fold at Rs 428 crore on year on year, on back of robust sales and lower finance cost.
Q3 profit down 23% year-on-year at Rs 236 crore from Rs 306 crore due to higher provisioning.
RIL, Tata Motors and Infosys among the top losers
The company said brand "Kingfisher" has not been hypothecated or pledged by company to any lender to secure its loans.
The company reported its biggest ever quarterly loss of Rs 1,155 crore for the third quarter ended December 31, 2012 due to liquidity constraints.
Q3 consolidated net profit at Rs 1,628 crore against Rs 3,406 crore a year ago quarter mainly due to higher depreciation expenses, forex loss and higher tax outgo.
SGX Nifty was up barely two points at 5886
Sensex provisionally closed at 19,468 down 140 points
Bharti Airtel is the top Sensex loser, down over 3%.
Wipro and Siemens would be replaced by IndusInd Bank and state-run NMDC on the 50-share benchmark index with effect from April 1, 2013, NSE said.
BSE-midcaps and small caps underperform benchmark indices
BSE Metal and IT indices have surged by almost 1%
Reliance Communications, Idea Cellular and Bharti Airtel are down 4% -7% on BSE.
The outlook is stable for H213, as the Indian economy is likely to start picking up thus driving higher ad-spend.
IT, metal, oil & gas indices among key gainers
The company's UK-based subsidiary JLR, last month said that EBITDA for December quarter is likely to be slightly lower than in the previous two quarters.
Q3 net loss has surged over seven-fold to Rs 75 crore due to the tight working capital levels and debt leverage.
The company has reported net loss of Rs 529 crore for the quarter ended December 31, 2012 mainly due to impairment loss of Rs 571 crore.
Coal India, Power Grid, OMCs to be in focus