Lower realisations dented company's profits despite 9% rise in cement sales
Company takes non-cash impairment charge of Rs 12,304 crore largely due to Cairn India acquisition goodwill
Voice & data margins under pressure; infra expansion momentum strong; firm announces 6% dividend
Despite 9.5% rise in cement volumes, net sales remain flat
The company's revenue grew by 11.6% largely propelled by Americas which grew by 14.4%
Amount of Rs 268 crore, allocated for research earlier, was shown as income after inking pact for rh insulin with Mexico-based firm
Net generation increased to 5,894 million units as against 4,698 million units a year ago
Company board approves share buyback of up to Rs 1,434 cr at Rs 400 per share; total revenue rose 10% to Rs 24,960 cr
Net Interest Margin, a key indicator of bank's profitability, expanded to 3.4% as compared to 3.2% in the quarter ended December
The company swung back into net profit of Rs 16 cr in Q4
Full-year net profit down 10% to Rs 361 crore from Rs 402 crore
NPA experienced a decline in the fourth quarter of FY16
Though at full capacity and hopeful of double-digit growth in FY17, company says it'll be a difficult year ahead
At present, corporate loans consist 95 per cent of total credit while retail loans are just about 5 per cent
Provisioning jumps 64% for bad loans , whose level expected to stay elevated
This, because business from contract research and manufacturing services from global pharma firms increased
Growth was driven by steady deployment of infrastructure by companies to meet data demand
Higher provision for bad debts largely to iron and steel industry erodes bottom line
Provisions for bad loans shot up to Rs 520 crore from Rs 90 crore
In China, its biggest market, Hyundai Motor sold 10% fewer vehicles in the quarter