TOP CORPORATE NEWS - 21 JAN 2016

AXIS Bank Q3 profit, NIIs beat estimates

AXIS Bank has announced the following Q3 Un-Audited Standalone results for the quarter ended December 31, 2015 (YoY):

The Bank has posted a net profit of Rs2175.30 crore Vs Rs1899.76 crore.

Total Income is at Rs12531.11 crore Vs Rs10928.81 crore.

Gati reports 33% fall in Q3 consolidated net profit

Gati has announced the following Q3 results for the quarter ended December 31, 2015 (YoY)

Standalone

The Company has posted a net profit Rs0.82 crore Vs Rs13.61 crore.

Total Income is at Rs122.74 crore Vs Rs130.96 crore.

Union Cabinet approves power tariff policy

Power Tariff Policy - The Union Cabinet approved the power tariff policy which has enhanced thrust on renewable energy development and giving some leeway for existing thermal producers in terms of selling of power, procuring coal and all taxes/levies to pass through automatically.

Hindustan Zinc Q3 net profit drops 24% (YoY)

Hindustan Zinc Ltd announced the following unaudited Standalone results for the quarter ended December 31, 2015:

Net profit down 23.87% at Rs1811.39 crore vs Rs2379.37 crore (YoY)

Total Income down 14.57% at Rs3985.25 crore vs Rs4665.29 crore (YoY)

M&M Financial Q3 net profit halves

Mahindra & Mahindra Financial Services has announced the following Q3 results for the quarter ended December 31, 2015 (YoY):

Standalone (YoY)

The Company has posted a net profit of Rs67.17 crore Vs Rs136.41 crore.

Total Income is at Rs1408.68 crore Vs Rs1395.52 crore.

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