The benchmark BSE Sensex on Monday recovered from the day's low to end 113 points higher, led by gains in RIL and heavy buying by foreign investors ahead of the RBI's monetary policy review.
After gyrating nearly 400 points between the day's low of 36,225.48 and an intraday high of 36,622.77, the 30-share index ended 113.31 points, or 0.31 percent, higher at 36,582.74.
The NSE Nifty also edged higher by 18.60 points, or 0.17 per cent, to close at 10,912.25.
Exide Industries, AB Fashion & Retail, Whirlpool, IDBI Bank, Firstsource and IRB Infra announced their Q3 results on Monday.
Exide Industries – Miss
The company's shares closed at Rs
223.10 on BSE, down 1.52 percent from its previous close.
Exide's reported a net profit of Rs 155 crore for the third quarter ended December 31, 2018, against Rs 154.3 crore a year ago.
The company's revenue up 9.6 percent at Rs 2,497 crore against Rs 2,278 crore, Y-o-Y.
GSK Pharma – Hit
Shares of GlaxoSmithKline Pharmaceuticals ended at Rs 1,402.30 per scrip on BSE, down 0.35 percent from its previous close.
The drug firm reported a 26 percent rise in its standalone net profit at Rs 112.97 crore for the quarter ended December 31, 2018, mainly on account of one-time gain of Rs 28 crore. The company had posted a net profit of Rs 89.69 crore for the corresponding period of the previous fiscal.
Standalone revenue from operations of the company stood at Rs 825.35 crore for the quarter under consideration as against Rs 703.91 crore for the same period a year ago.
AB Fashion & Retail – HIT Shares of Aditya Birla Fashion and Retail ended at Rs 207.30 on BSE, down 0.55 percent from its previous close.
The company reported a 23 percent rise in its revenue at Rs 2,281 crore Y-o-Y, on the basis sharp improvement in Pantaloons and good operational performance in Madura Fashions.
Whirlpool – HIT Shares of Whirlpool ended at Rs 1,495.00 on BSE, down 2.91 percent from its previous close.
The company reported a 14.1 percent rise its net profit at Rs 60 crore for the quarter ended December 31, 2018, against Rs 53 crore for the same period a year ago.
The companies revenue stood at Rs 1,211 crore for the quarter under review while margin declined by 50 basis points (bps) at 8 percent.
One basis point is a hundredth of a percentage point.
IDBI Bank – Miss
Shares of the bank ended at Rs
50.65 apiece on BSE, down 4.07 percent from its previous close.
IDBI Bank posted widening of loss by nearly threefold to Rs 4,185.48 crore for the third quarter ended December 2018 as bad loans surged. The bank had reported a net loss of Rs 1,524.31 crore in the corresponding quarter of the previous fiscal.
Total income decreased to Rs 6,190.94 crore for the quarter, compared with Rs 7,125.20 crore in the corresponding quarter a year ago.
The bank's gross non-performing assets (NPAs) shot up to 29.67 percent of gross advances during the quarter, against 24.72 percent in the year-ago period.
However, net NPAs declined to 14.01 percent of the total advances, from 16.02 percent in the December 2017 quarter.
As a result, the bank's provision for bad loan increased to Rs 5,074.80 crore, compared with Rs 3,649.82 crore a year ago.
However, slippages were Rs 2,211 crore which were lowest in the past seven quarters, Recovery from NPAs improved to Rs 3,440 crore during the quarter, compared with Rs 537 crore in the same period a year ago.
Firstsource – HIT Shares of the business management company ended Rs 48.90 per scrip on BSE, down 3.36 from its previous close.
The company reported a 5.7 percent rise its net profit at Rs 98.12 crore for the quarter ended December 31, 2018.
The companies revenue stood at Rs 98.12 crore for the quarter under review, while margins were at 12.6 percent.
Post-market IRB Infra Shares of the company ended Rs 139.35 a piece on BSE, down 3.63 percent from its previous close.
The company's revenue stood at Rs 1,788 crore for the quarter ended December 31, 2018. EBITDA was largely in line at Rs 760 crore, while margins were lower at 42.5 percent.
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