Kotak Mahindra Bank profit in-line; Asset Quality Stable
Kotak
Mahindra Bank has announced the following Q3 results for the quarter ended
December 31, 2015 (YoY):
Standalone
(YoY)
The
Bank has posted a net profit of Rs634.72 crore Vs Rs464.52 crore.
Total
Income is at Rs4843.86 crore Vs Rs2994.20 crore.
Karnataka Bank Q3 net profit drops 9% (YoY)
Karnataka
Bank has announced the following Unaudited Standalone results for the quarter
ended December 31, 2015:
The
Bank has posted a net profit of Rs96.91 crore Vs Rs106.94 crore.
Total
Income has increased to Rs1369.83 crore Vs Rs1364.69 crore.
Petrol price cut by 32 paise, Diesel by 85 paise a ltr
Petrol
price cut by 32 paise/ltr and Diesel by 85 paise/ltr, the fourth reduction in
rates in six weeks on the back of softening global oil prices.
However
the Government has hiked excise duty on Petrol by Rs0.75 per litre and by Rs2 a
litre on Diesel, the second increase in duties in less than two weeks.
Wockhardt tanks as USFDA makes 9 observations
Shares
of Wockhardt tanked 8% to Rs1188.50 on NSE as the USFDA makes 9 observations
over Wockhardt's plant in Shendra.
The
stock opened at Rs1274 marking days low at Rs1144.95 and hit an intraday high
of Rs1285.55 on NSE so far.
TTK Prestige Q3 net profit up 33%
TTK
Prestige has announced the following Q3 Un-Audited Standalone results for the
quarter ended December 31, 2015 (YoY):
Net
profit of the company rose by 32.57% to Rs37.20 crore Vs Rs28.06 crore.
Total
Income increased by 16.69% to Rs449.83 crore Vs Rs385.48 crore
