Hide News  ACC, Ambuja Cements in focus ahead of Q4 result
Feb 10, 2016  08:59

Among quarterly results of prominent companies, ACC and Ambuja Cements are scheduled to announce their Q4 December 2015 results today, 10 February 2016. Cipla is scheduled to announce its Q3 December 2015 results today, 10 February 2015.

TCS will be in focus after the company allayed market concerns about the state of demand in the banking and financial services (BFS) industry vertical by reiterating that the company's business in the BFS vertical continues to grow well, ahead of the overall company growth. On the eve of an event by Nasscom in Mumbai, TCS pointed out that revenue from the BFS industry vertical in calendar year (CY) 2015 grew by 15% year-on-year in constant currency terms. On the other hand, company-wide revenue grew 13.5% on a constant currency revenue basis in CY 2015, representing absolute incremental revenue of $2.025 billion, TCS said. On an organic basis, TCS' constant currency revenue addition of $1.85 billion is the highest in the industry in CY 2015, the company said. The announcement was made by the company after market hours yesterday, 9 February 2016.

Aurobindo Pharma's consolidated net profit rose 39.2% to Rs 534.95 crore on 9.2% rise in net sales to Rs 3432.08 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours yesterday, 9 February 2016. During the previous year, on 4 December 2014, the company's USA subsidiary Aurobindo Pharma USA Inc. has acquired Natrol LLC, USA. The consolidated results for Q3 December 2015 includes financial results of operations of Natrol LLC, USA from 4 December 2014. The corresponding figures of the Q3 December 2015 are not comparable, Aurobindo Pharma said.

Britannia Industries' consolidated net profit rose 51.2% to Rs 207.59 crore on 10.3% rise in net sales to Rs 2223.64 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours yesterday, 9 February 2016.

Allahabad Bank reported net loss of Rs 486.14 crore in Q3 December 2015 as against net profit of Rs 164.11 crore in Q3 December 2014. Total income declined 6.61% to Rs 5030.19 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours yesterday, 9 February 2016. The bank's provisions and contingencies surged 87.7% to Rs 1208.15 crore in Q3 December 2015 over Q3 December 2014. Allahabad Bank's gross non-performing assets (NPAs) stood at Rs 9802.10 crore as on 31 December 2015 compared with Rs 7985.75 crore as on 30 September 2015 and Rs 8012.42 crore as on 31 December 2014. The ratio of gross NPAs to gross advances stood at 6.4% as on 31 December 2015 as against 5.26% as on 30 September 2015 and 5.46% as on 31 December 2014. The ratio of net NPAs to net advances stood at 4.23% as on 31 December 2015 as against 3.61% as on 30 September 2015 and 3.89% as on 31 December 2014. The bank's non-performing loan provision coverage ratio as on 31 December 2015 stood at 55.4%.

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