TOP CORPORATE NEWS - 09 FEB 2016

PNB drops on sharp rise in Q3FY16 NPAs, loss at PBT level

Shares of PNB dropped 6% to Rs89 on NSE post Q3FY16 results led by sharp rise in NPAs, loss at PBT level

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

The Bank has posted a net profit of Rs51.01 crore Vs Rs774.56 crore.

Total Income is Rs13891.20 crore Vs Rs12904.85 crore.

Hindalco Industries Q3 net profit drops 89% (YoY)

Hindalco Industries has announced the following Q3 Unaudited Standalone results for the quarter ended December 31, 2015 (YoY)

Net Profit declined by 88.74% to Rs40.46 crore Vs Rs359.36 crore (YoY).

Total Income decreased by 4.70% to Rs8400.38 crore Vs Rs8815.51 crore (YoY).

Dr Reddy’s Q3FY2016 misses profit estimates due to forex loss; stock down

Dr Reddy’s Q3FY2016 result: Misses profit estimates due to forex loss.

Dr Reddy's Q3: Net Profit at Rs579 Cr

Cons Total Income at Rs3, 968 Cr

Cons Operating Profit at Rs758 Cr Vs Rs722.6 Cr (YoY)

Cons Operating Margin at 19.1% Vs 18.8% (YoY)

India Revenue +34% at Rs580 Cr Vs Rs433 Cr (YoY)

North American Revenue +18% at Rs1,942 Cr Vs Rs1,646 Cr (YoY)

PSAI Revenue -17% at Rs508 Cr Vs Rs611 Cr (YoY).

Bharat Forge Q3FY16 below estimates, margins surprise positively

Bharat Forge Ltd has announced the following Unaudited Standalone results for the quarter ended December 31, 2015 (YoY)

Net profit dipped by 15.37% to Rs166.16 crore Vs Rs196.34 crore.

Total Income decreased by 11.64% to Rs1075.13 crore Vs Rs1216.88 crore.

Bharat Forge Q3FY16 results: Below estimates, though margins surprises positively.

Gail Q3 net profit up 10% (YoY)

Gail (India) Ltd has announced the following Q3 Un-Audited Standalone results for the quarter ended December 31, 2015:

Net Profit rose by 9.96% to Rs664.26 crore Vs Rs604.08 crore.

Total Income decreased by 9.27% to Rs13708.49 crore Vs Rs15109.70 crore.

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