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5. MRF Q3 net up 1.29% at Rs 230.22 crore
Tyre maker MRF Ltd reported a marginal 1.29 per cent increase in standalone net profit at Rs 230.22
crore for the third quarter ended June 30, 2014. The Chennaibased tyre manufacturer had posted a net
profit of Rs 227.28 crore in the same period last fiscal.
ING Vysya profit down
ING Vysya Bank's net profit for the quarter ended June was down by 18% at Rs 143.4 crore compared to
Rs 175.1 crore in the corresponding quarter of the previous year. Net interest income increased by 8.8%
to Rs 463.1 crore, from Rs 425.4 crore. This was after interest reversal of Rs 20.5 crore in a few large
stressed accounts. Adjusting for the interest reversals, net interest income increased by 13.7%. The
adjusted net interest margin is 3.52% compared to 3.56% in the yearago quarter. Total income
increased to Rs 690.7 crore compared to Rs 669.9 crore.
Carnival Group acquires Leela Infopark for Rs 280 crore
Carnival Group on Tuesday said that it has acquired Leela Infopark in Kochi for around Rs 280 crore. The
companies executed the transaction through a share purchase agreement between Leela Soft Pvt Ltd, the
developer of Leela Infopark, and Asian Business Connection, a company of Carnival Group.Leela Soft is a
codeveloper of Infoparks Kerala, a society set up by Kerala government for developing IT infrastructure
in the state.
Dish TV posts loss of Rs 16.05 crore in Q1
Directtohome (DTH) service provider Dish TV India on Tuesday reported a standalone net loss of Rs
16.05 crore for the first quarter ended June 30, 2014. The company had registered a standalone net
profit of Rs 31.73 crore for the AprilJune quarter of the last fiscal.
Axis Bank net profit rises 18% to Rs 1,667 crore
Axis Bank has reported a net profit of Rs 1666.7 crore for the quarter ended June 2014 — an increase of
18% over Rs 1,409 crore in the corresponding quarter last year. The increase in profits was largely on
account of a drop in provisions and operating profit grew by only 2% to Rs 2896 crore from Rs 2843
crore in the corresponding quarter last year.
HDFC net profit rises 15% to Rs 1344.6 crore
The country's largest housing finance company HDFC has reported net profit of Rs 1344.6 crore for the
quarter ended June '14 an increase of 15% over the previous year after providing a Rs 74.44 crore
deferred tax liability on special reserves. Barring the deferred tax liability provision the net profit was
higher by 21%. For the quarter ended June 30, 2014, the consolidated profit after tax stood at Rs
1,872.90 crore as compared to Rs 1,707.10 crore in the corresponding quarter last year an increase of
10%.The corporation posted a 23% growth in individual home loan book (after adding back the loans
sold in the preceding 12 months). Gross nonperforming loans stood at 0.70% as at June 30, 2014
compared to 0.77% in the corresponding quarter last year.
Idea Cellular lifts profit 57 per cent on higher voice rates, data use
Mobile phone company Idea Cellular reported a 57 percent jump in quarterly profit on Monday,
benefiting from fewer competitors, higher call rates and more customers using data plans. Idea Cellular,
India's thirdbiggest mobile phone operator by users and revenue, said consolidated firstquarter profit
was 7.28 billion rupees ($120.8 million), up from 4.63 billion rupees a year earlier.
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