TOP CORPORATE NEWS - 03 FEB 2016

Bajaj Finance Q3FY16 robust performance: Net Profit up 58% (YoY)

Bajaj Finance Q3FY16 witness robust performance where Net Profit was up 58% at Rs408 Cr (YoY)

NII up 48% at Rs1, 320 Cr (YoY)

Gross NPA at 1.29% Vs 1.67% (QoQ)

Net NPA at 0.26% Vs 0.55% (QoQ)

Dish TV Q3: Cons Net Profit At Rs 68.5 Cr

Dish TV Q3: Cons Net Profit at Rs68.5 Cr

Cons Total Income at Rs771.5 Cr

Average Revenue Per User at Rs172

Have Pared Debt By Rs300 Cr

Subscription Revenue +12.6% at Rs711 Cr (YoY)

Crompton Greaves cracks on poor Q3 show

Shares of Crompton Greaves cracked 24% to Rs12.65 on NSE post Q3FY2016 results led by poor show; Eye on Consumer listing; Maintain Hold with PT of Rs185.

The stock opened at Rs153 marking days low at Rs119.55.

Tata Communications Q3 consolidated net profit down 80% (YoY)

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

Standalone

The Company has posted a net loss of Rs69.64 crore Vs net profit of Rs120.20 crore.

Total Income decreased by 15.31% to Rs1004.94 crore Vs Rs1186.70 crore.

Fortis Healthcare acquires 100% stake in Religare Health

Fortis Healthcare has acquired 100% stake in Religare Health Trust for $14.9mn (Rs100crore; likely to be funded through debt)

The majority of assets owned by RHT are operated by Fortis and its subsidiaries so the acquisition will help the company to have more focused approach towards them strategically neutral for the stock.

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