Corporate News Update

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 DAILY CORPORATE NEWS

Canara Bank Q3 net profit down 87%(YoY)

Canara Bank has announced the following Q3 Unaudited Standalone results for the quarter ended December 31, 2015

Net Profit fell by 87.04% to Rs84.97 crore Vs Rs655.97 crore.

Total Income decreased by -1.44% to Rs12050.63 crore Vs Rs12227.86 crore.

Sun Pharma Q3: Cons Net Profit at Rs1, 417 Cr Vs Rs395 Cr (YoY)

Sun Pharma Q3: Cons Net Profit at Rs1, 417 Cr Vs Rs395 Cr (YoY)

Cons Total Income at Rs7, 082 Cr Vs Rs6, 932 Cr (YoY)

Other Income at Rs219 Cr Vs Loss of Rs76.5 Cr (YoY)

Cons EBITDA at Rs2, 169 Cr Vs Rs2, 164 Cr (YoY)

Cons EBITDA Margin at 30.6% Vs 31.2% (YoY)

Tax Expense at Rs202 Cr Vs Rs1, 029 Cr (YoY)

Wipro acquires US-based Health Plan Services for $460mn

Wipro has signed a definitive agreement to acquire Health Plan Services from Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry for a purchase consideration of USD 460 million.

IDBI Bank Q3 net loss at Rs2184 crore (YoY)

IDBI Bank Ltd announced the following Q3 Unaudited Standalone results for the quarter ended December 31, 2015

The Bank has posted a net loss at Rs2183.68 crore Vs net profit of Rs102.79 crore (YOY).

Total Income has decreased to Rs7361.86 crore Vs Rs7935.99 crore (YoY)

M&M Q3 net profit down 14% (YoY)

Mahindra & Mahindra ( M&M) has announced the following Q3 Un-Audited Standalone results for the quarter ended December 31, 2015 (YoY):

Net Profit fell by 14.23% to Rs807.99 crore Vs Rs942.14 crore.

Total Income increased by 16.66% to Rs11096.89 crore Vs Rs9511.55 

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