HDFC Bank, Suzlon, ONGC in Focus Today

NDTV Profit Desk

16 Feb 2015, 05:35 PM IST

HDFC Bank's Q3 earnings were better than estimates; its net profit came in at Rs 2,795 crore as against estimate of Rs 2,780 crore. Asset quality remained stable in the quarter.
ONGC's net profit declined 50 per cent year-on-year to Rs 3,571 crore because of the sharp slump in international crude prices. Analysts on an average had estimated its net profit at Rs 5,982 crore.
Sun Pharma's Q3 profit was impacted by falling sales in US. Its net profit decreased 7 per cent year-on-year to Rs 1,425 crore, while its revenue remain flat at Rs 4,279 crore.
Oil India also missed profit estimates on the back of write-offs due to large dry wells. Its net profit came in at Rs 498 crore against Rs 903 crore in the same quarter last fiscal.
HPCL reported muted numbers for Q3. Its net loss came in at Rs 325 crore against Rs 1,733 crore net loss last fiscal. Higher inventory losses impacted its earnings.
Suzlon Energy has signed a definitive agreement with Sun Pharma promoter Dilip Shanghvi and family for equity investment of Rs 1,800 crore. Post allotment of shares Dilip Shanghvi and family will hold 23 per cent stake in Suzlon.
Power Grid Corporation of India has approved long-term borrowing of Rs 16,000 crore for next financial year.
Yes Bank on Sunday said that it will foray into asset management business next financial year through organic or inorganic route.
Indian Bank has approved a proposal to infuse Rs 280 crore by Government of India by way of preferential allotment of equity shares.
Aurobindo Pharma, Bhel, Page Industries go ex-dividend today. They had declared dividend of Rs 2, Rs 0.54 and Rs 18 per share respectively.