Profit declines on a stand-alone basis due to higher provisions
The company last week received a $4.15-billion offer for its lone diagnostics division from Carlyle Group LP
The company had posted a net profit of Rs 111.05 crore during the same period of the previous fiscal
Company reported a profit of Rs 76 crore last year
Company reported profit of Rs 74 crore during the same period last year
On a standalone basis, profit declines due to higher provisions
Net interest income for the third quarter was up 11% to Rs 913 crore
Net sales for the quarter under review stood at Rs 584.67 cr
Rating agency says performance affected by overall macroeconomic conditions and capital market activity
Total income up 5.4% to Rs 440.43 crore
Subdued cement demand and lower selling prices impact quarterly performance
Lower provisions, cost control aid earnings growth
Price rises in the cigarettes business drove margin, revenue and profit growth
Net up 27% in December quarter, sequentially better than peers; core IT services up 33%
Jump in oil & gas business holds promise of output picking up in FY15
Lower provisions, improved asset quality aid earnings
Quarter also saw relaxation of govt regulatory policy restrict demand for induction cookware