Street disappointed with profit growth of 10.4% as cigarette volumes fell 15%
The company's revenue grew 15% to Rs 1,364 cr from Rs 1,188 cr
Total income grew 10.5% to Rs 697.2 cr; NII increased by 18.1% to Rs. 491.6 cr
Loans and advances grew by 20% y-on-y to Rs 45,225 cr
On sequential basis, net profit was down 7.4%
Net sales in the quarter under review stood at Rs 383.74 crore, up 3.87%
The company attributed the subdued results to the steep hike in excise duty on cigarettes
Consolidated total income increased 14.75% to Rs 1,363.72 crore in the October-December quarter of this fiscal
Total income rises 2.5%; EBIT margin at 38.7%
Company optimistic of deal pipeline, growth outlook
Higher provisions, lower net interest income drag earnings
The bank's net non-performing asset ratio improved to 0.97% at the end of the quarter from 1.1% a year ago
Management says performance better than industry, net profit up 18% on one-time gains
Company says will grow ahead of sectoral average in FY15
Company's revenues grew to Rs 1,871.2 crore during October-December quarter of current fiscal
This is lower than 4-5% number company saw in last three quarters
Net profit stood at Rs 3.51 crore in the corresponding period of the previous fiscal
Company also announced the acquisition of US-based insurance solutions provider Discoverture Solutions for $15 million
Mined metal production during the quarter was up by 14% sequentially and 10% y-o-y
Company had posted a net profit of Rs 32.2 crore in the year-ago period