Tag Archive for Q3

Bank of India Announces December 2018 (Q3 – Fy 2018-19) Financial Results

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By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Shri Dinabandhu Mohapatra, (Managing Director and Chief Executive Officer, Bank of India) at the announcement of the Banks Q3 FY19 Financial Results

 

BUSINESS:

  • ·         Global Business of the Bank stood at Rs. 8,87,931crore as on December 31, 2018 against Rs.9,05,541 crore as on December 31, 2017. Global Business contracted mainly because of decline in buyers credit in overseas business.
  • ·         Domestic Business stood at Rs. 725,264 crore as on December 31, 2018 against Rs. 6,94,636 crore in December, 2017, signifying Y-o-Y increase of 4.41%. The overseas business stood at Rs. 1,62,667 crore on December, 2018 vis a vis Rs. 2,10,905 crore as on 31st December, 2017.
    • ·         CASA Deposits (Domestic) grew by 5.66% YoY and its share in Domestic deposits improved from 40.36% in December 2017 to 42.65% in December 2018.
    • ·         The domestic Advances increased by 11.10 % i.e. from Rs. 2,80,670 crore in December, 2017 to Rs. 3,11,815 crore in December, 2018. The Gross Advances (Global) stood at Rs. 3,72,803 crore as on December 31, 2018 against Rs. 3,79,538 crore as on December 31, 2017.
    • ·         The RAM Advances (Retail, Agriculture and MSME) increased from Rs. 1,45,977 crore as on December 31, 2017 to Rs.1,56,442 crore as on December 31, 2018, with 7.71% YoY growth  and its share in Advances stood at 50.17% in December 2018.
    • ·         The Retail Credit grew from Rs. 45,317 crore in December,2017 to Rs.53,524 crore in December,2018, i.e. with an increase of 18.11%.
      • ·         Priority Sector advances stood at Rs.1,23,940 crore which constitutes 41.28 % of ANBC. Agriculture advances were Rs. 52,546 crore forming 17.50 % of ANBC.
      • ·         The total Risk Weighted Assets (RWAs) reduced from Rs.3,40,467 crore in December,2017 to Rs.2,97,023 crore in December,2018, i.e. reduction of  Rs.43,444 crore or 12.8%

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L&T Technology Services posts robust growth & operational performance in Q3

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the third quarter ended December 31, 2018.

 

Highlights for Q3FY19 include:

 

  • USD Revenue at $185.7 million; growth of 4.8% QoQ and 23% YoY
  • Revenue at ₹13,169 million; growth of 4% QoQ and 36% YoY
  • EBITDA margin at 18.4%; up by 310bps YoY
  • Net profit at ₹1,856 million; growth of 47% YoY

 

During the quarter, LTTS won 8 multi-million dollar deals across all industry segments. On a YoY basis, LTTS has increased its USD50mn+ clients by 2, USD10mn+ clients by 4 and its USD5mn+ clients by 10.

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BANK OF INDIA Q3 FY18 OPERATING PROFIT AT Rs.1,354 crore

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Bank of India announced its audited results for the Q3 FY 2017-18, following approval by its Board of Directors on February 12, 2018.

BUSINESS:

  • ·         Global Business of the Bank stood at Rs.9,05,541 crore as on December 31, 2017 against Rs.9,29,656 as on December 31, 2016. The de-growth in total business level has been as a result of conscious decision of the Bank for Consolidation, Cleansing of books and for Conservation of Capital.  Read more

HPL Electric and Power Ltd reports its Q3 FY2017-18 Results

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

HPL Electric and Power Ltd (referred to as the “Company”; NSE: Symbol;HPL, BSE: Scrip Code;540136),an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, announces their financial results for the quarter ended December 31, 2017.

Consolidated Performance Highlights: Q3 FY2017-18 vs. Q2 FY2017-18

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Fashion footwear on ShopClues clocks 250% growth in Q3

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By  K Ashwin  Mobile: 09920183006  Email:indianshowbusiness@gmail.com

 ShopClues – India’s first and largest managed marketplace that has a strong presence in rural India, has recorded a growth of 250% in footwear as per its sales data for the fiscal quarter ended Dec 2017. Tier 3 and Tier 4 markets continue to contribute 75% of all footwear sales, with over 70% order share in the Rs.199-Rs.499 price point.

At present, the footwear category at ShopClues offers its buyers more than 3 lakh pairs of shoes with prices ranging from Rs 299 to 1499. Some of the regional brands that are doing big on ShopClues are Lancer, Red Chief, Sparx, Asian, Catwalk and Lavie, giving the merchants good business growth.

ShopClues has followed a mixed merchandise strategy which includes both exclusive and branded labels, including an ‘exclusive range’ from Lotto and Lancer, as well as discounted ranges from brands like Reebok and Puma. These products add to its existing portfolio of exclusive labels such as Baton for men and MEIA footwear for women that were promoted regionally with customized promotions and which contributed significantly to its sales.  Read more

Bank of India’s net profit rises 9% to Rs. 2,172 cr for Nine Months ended 31st December 2013

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By K Vivek Mob: 09920183006 Email: indianshowbusiness@gmail.com

Bank of India posted a growth of 8.98% in Net Profit for the 9 months ended 30th December 2013 amounting to Rs. 2,172 crore for the 9 months ended 31st December 2013 from Rs. 1,993 crore for the 9 months ended 31st December 2012. For the 9 months ended 31st December 2013, Operating Profit grew 19.39% from Rs. 5,383 crore in December-12 to Rs.6,427 crore in December-13. Net Interest Income grew 18.86% from Rs. 6,548 crore in December-12 to Rs.7,783 crore in December-13. Non-Interest Income grew 26.42% from Rs. 2,672 crore in December-12 to Rs.3,378 crore in December-13.

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