India Inc witnessed a dip in both revenue growth as well as margins in the December quarter compared to the preceding three months, says a Icra report
sectors such as automobile, FMCG, retail, consumer durables expected to be hit
Revenue in the December quarter rose 12.4 percent from a year earlier to Rs 9,001 crore
Q3 earnings of India's largest cos fell more than expected , adding to scepticism over the stock market rally and country's economic growth
State-run power equipment maker BHEL today reported a massive 69 percent fall in net profit at Rs 212.60 crore for the third quarter, hit by lower sales.
Dhanlaxmi Bank today posted a net profit of Rs 17.10 crore for the third quarter ended 31 December 2014 despite a rise in bad loans.
Bajaj Electricals today reported a net loss of Rs 52.26 crore for the third quarter ended December due to higher expenditures and lower sales in the lighting and consumer durable segments.
Aluminium maker Hindalco Industries today reported 7.5 percent rise in net profit for the third quarter at Rs 359.36 crore despite a significant increase in finance costs.
Indiabulls Real Estate Ltd today reported more than two-fold jump in consolidated net profit at Rs 78.75 crore for the third quarter ended 31 December on higher sales.
State-owned Bank of India (BoI) today reported a steep 70.4 percent fall in net profit to Rs 173.38 crore for the third quarter ended 31 December on account of higher provisioning and subdued growth in interest income.
Tractor maker Escorts Ltd today posted 21.66 percent decline in net profit at Rs 35.68 crore for the third quarter ended 31 December 2014, as its sales hit by downturn in the tractor segment.
PFC reported 4.83 percent rise in net profit at Rs 1,541.73 crore for the third quarter ended 31 December 2014-15, mainly on account of increase in income from operations.
State owned Syndicate Bank has registered a decline of around 20 percent in net profit for the third quarter ended December 2014 at Rs 304.99 crore.
Leading paper manufacturer, JK Papers today reported a standalone profit of Rs 11.40 crore in the third quarter ended December 2014 on the back of enhanced capacity and improved efficiency from its new plant in Odisha.
Godrej Industries today reported 38.96 percent increase in consolidated net profit at Rs 90.65 crore for the quarter ended December 2014.
State-owned United Bank of India today posted net profit of Rs 41.78 crore for its third quarter ended 31 December despite increase in bad loans.