HDFC Bank's third quarter earnings matched analysts'
expectations on Monday. Profit increased 20 percent year-on-year to Rs 3,357
crore during the quarter, supported by operating profit, net interest income
and other income.
Nearly half of the revenue growth has come from recent acquisitions, says Anand Deshpande, Founder, MD & CEO, Persistent Systems , adding there was extra contribution from the Aepona acquisition.
Nearly half of the revenue growth has come from recent acquisitions, says Anand Deshpande, Founder, MD & CEO, Persistent Systems , adding there was extra contribution from the Aepona acquisition.
Net interest income, the difference between interest
earned and interest expended, climbed 24 percent to Rs 7,068.51 crore in Q3
compared to Rs 5,700 crore in year-ago period.
Equity benchmarks as well as broader markets trimmed
gains following correction in European peers and crude oil prices. The Sensex
rose 17.59 points to 24453.25 and the Nifty gained 7.45 points at 7429.90.
Shares of ITC slipped over 1 percent intraday after it
announced December quarter results. Analysts are not bearish on the stock but
have tweaked target and earnings estimates.
Non-banking finance company SKS Microfinance is expected
to continue to report solid set of earnings for third quarter. Profit is likely
to jump 96.3 percent during the quarter to Rs 80.6 crore and net interest
income is seen rising 89 percent to Rs 161 crore compared to year-ago period,
according to analysts polled by CNBC-TV18. Earnings will be announced on
January 27.
Long build-up was seen in Cairn India, Bata
India and Jubilant Foodworks. These stocks rallied 5 percent each in cash
market. Cairn's open interest increased 6.5 percent followed by Jubilant
Foodworks 5 percent and Bata India 4 percent. For more info visit www.capitalheight.com/about.php or call at +91 9993066624, 0731 - 6615050.
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