Nifty Companies PAT growth check for 3QFY16

Nifty Companies PAT growth check for 3QFY16

 

  1. Till now 29 Companies have reported quarterly results. In Dec-14 these companies accounted for 68% of aggregate profits.
  2. Nifty(ex-BFSI) aggregate profits is down by 3%.
  3. In BFSI, except ICICI Bank, all reported growth in profit. Nifty profit growth, including BFSI is marginal positive at 0.6%.
  4. T. companies, majorly TCS & Infosys, are pulling up the aggregate profits. Favorable currency movement is one the reason.
  5. Other Tata group company, Tata Steel is biggest dragger, which reported loss of Rs 15 billion against Profit of Rs 1.5 billion.
  6. Vedanta is another dragger, where profit vanished away completely. (Rs 179 mn vs Rs 15875 mn).

Nifty_Companies_Dec_15_Qtr_PAT_Growth

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