ITC revenues disappoint, profits ahead of estimates
While ITC's net profit of Rs 2,230.53 crores was above street estimates, its revenues of Rs 7,775.79 crores, was way below street estimates of around Rs 8,000 crores. Volumes in the tobacco business also disappointed.
ICICI Bank Q2 numbers good on every parameter
ICICI Bank's Q2 numbers were good on every parameter including net interest margins, gross non performing assets and profitability. In fact, gross non performing assets, a key financial parameter for banks declined to 3.08%, as against 3.23% (quarter-on-quarter).
Asian Paints Q2 numbers cheer
Asian Paints surprised the markets with a near 37 per cent jump in consolidated net profit to Rs 327 crore for the second quarter ended September 30. The company had posted a consolidated net profit of just Rs 239 crore in the same period of previous fiscal.
Record losses for Q2 FY 2014 at Jet
Jet Airways surprised the market negatively with a poor set of numbers with losses hitting a new record of Rs 891 crore for the quarter ended Sept 20. The stock has fallen after declaring results as the company continues to be hit by high operating costs.
L&T Q2 numbers beat street estimates
Larsen and Toubro reported a net profit of Rs 978 crore for the three months to September 30, as against analysts estimate of around Rs 880 crore.
Better margins helped profitability and the stock has risen almost 10% since the declaration of its results
Higher interest income boosts profitability
Yes Bank reported a jump in net profit to Rs 371.1 crore, an increase of more then 21% against the corresponding period last year, aided by higher interest income and growth in non-interest income. The stock has risen in the last few days, but had dropped on Friday.
Reliance, TCS, Infosys, HCL and Wipro were other blue chip stocks that declared results way ahead of expectations.