Domestic equity market on Thursday witnessed moderate recovery after choppy trade as both Sensex and Nifty reversed their two-day losing spell on the back of gains in heavyweights RIL, ITC and Yes Bank.
During the session, the BSE benchmark Sensex swung over 260 points both ways on alternate bouts of buying and selling by participants.
Companies such as Yes Bank, Ultratech Cement, Edelweiss, Jyothy Lab Colgate and NIIT announced their Q3 results.
Here are the hits and misses from Thursday's Q3FY19 earnings.
Stock of the day: Yes bank
Yes Bank zoomed 8.39 percent after private sector lender on Thursday named
Ravneet Singh Gill, currently heading Deutsche Bank India, as the managing director and chief executive to succeed Rana Kapoor, whose term ends on January 31.
The announcement sent the Yes Bank counter rallying by over 14.5 percent to close at Rs 225.95 on the BSE whose benchmark closed the day with around 0.24 percent gains in a choppy trade.
The private sector lender's net profit has declined seven percent to Rs 1,001 crore for the third quarter ended December 2018.
The net interest income (difference between interest earned and expended) rose to Rs 2,666.4 crore up 41.2 percent Y-o-Y.
Yes Bank's gross non-performing asset (NPA) increased to 2.1 percent of the total advances in the quarter. Net NPA also increased to 1.18 percent from 0.93 percent
Exposure to Infrastructure Leasing & Financial Services (IL&FS) Group stood at Rs 2,530 crore, while total gross slippages was at Rs 2,297 crore.
Ultratech Cement - Miss
Shares of UltraTech Cement were closed at Rs 3,790.25 on BSE , down 1.54 percent from the previous close.
The company reported a consolidated net profit of Rs 390.43 crore for the third quarter ended December 2018. UltraTech Cement's total income was at Rs 9,492.94 crore during the quarter under review.
The company's standalone net profit was up 6.5 percent at Rs.449 crore Y-o-Y.
Other Earnings Edelweiss Financial Services – Miss
Shares of the company were trading
percent lower at Rs 151.90 apiece on BSE. 5.39
Edelweiss Financial Services on Thursday reported a 18.16 percent increase in consolidated net profit at Rs 258.35 crore for the third quarter ended December 2018. Muted operating profit growth coupled with higher tax outgo leads to a sequential decline in profits.
Its total income increased by 25.46 percent to Rs 2,790.69 crore in the quarter under review as against Rs 2,224.23 crore in the December quarter of 2017-18.
Jyothy Lab – Miss
Shares of Jyothy Laboratories were closed 6.61 percent lower at Rs 180 on BSE.
Jyothy Labs posted a 29.85 percent rise in its standalone net profit at Rs 48.41 crore for the quarter ended December 2018.
Total income during the quarter under review stood Rs 441.27 crore as against Rs 413.54 crore in the corresponding quarter a year ago.
Standalone revenue from operations of the company stood at Rs 434.33 crore in the quarter, compared with Rs 408.78 crore for the corresponding period a year ago.
Colgate – Hit
Shares of Colgate-Palmolive India Ltd were closed at Rs
apiece on the BSE, up 1.24 percent from the previous close. 1,323.50
Colgate reported an increase of 12.56 percent in its net profit of Rs 192.10 crore for the third quarter ended December 2018, led by volume growth.
Its total income during the quarter was Rs 1,107.26 crore, up 6.27 percent, as against Rs 1,041.88 crore in the corresponding period of the previous fiscal.
Shares of PVR Ltd were closed at Rs 1,603.75 apiece on the BSE, down 0.23 percent from the previous close.
The multiplex chain operator reported a consolidated net profit of Rs 55.38 crore for the third quarter ended December 2018. The company had reported a net profit of Rs 29.16 crore for the October-December quarter of the previous fiscal.
PVR's total income during the period stood at Rs 857.37 crore. It was Rs 560.46 crore in the year-ago period, PVR said in a BSE filing. The company's total expenses were Rs 768.11 crore during the quarter.
Meanwhile, the company said the results for the quarters were not comparable due to acquisition of Chennai-based chain SPI Cinemas.
It has added 123 screens during the current financial year so far and now operates a network of 748 screens spread over 161 properties in 64 cities, according to the company.
NIIT – Miss Shares of NIIT Ltd were closed at Rs 86.50 apiece on the BSE, down 6.60 percent from the previous close.
The company said its consolidated net profit has declined 1.5 percent to Rs 19.4 crore in the December 2018 quarter, owing to adverse forex impact.
The company had posted a net profit of Rs 19.7 crore in October-December 2017, NIIT said in a statement.
Its consolidated net revenue grew 8.7 percent to Rs 227.8 crore in the reported quarter from Rs 209.4 crore in the year-ago period.
Other small important earnings Sharda Cropchem – Good numbers Shares of Sharda Cropchem Ltd were closed at Rs 320.40 apiece on the BSE, up 1.10 percent from the previous close.
The company's overall revenue grew by 44.9 percent to Rs 471.4 crore in the December 2018 quarter from Rs 325.4 crore in the year-ago period. It reported profit growth of 105 percent to Rs 20.3 crore this quarter from Rs 9.9 crore in the year-ago period.
Supreme Industries – Not good Shares Supreme Industries were closed at Rs 1,045.90 apiece on the BSE, down 2.21 percent . from the previous close
The company's revenue was up 10.3 percent at Rs 1,410 crore in the December 2018 quarter from Rs 1,278 crore in the year-ago period.
Higher raw material prices and power fuel expenses impacted EBITDA and margins, the company said.
VST Industries – Not Good Shares Supreme Industries were closed at Rs 3,200.05 apiece on the BSE, up 2.05 percent from the previous close .
The company revenue grew by 22.6 percent to Rs 292 crore in the December 2018 quarter from Rs 238 crore in the year-ago period.
Profit after tax (PAT) grew by 11.4 percent to Rs 55 crore in the reported quarter.
With inputs from PTI.