Maruti Suzuki India net profit rose 35.88% to Rs 681.15 crore on 3.32% decline in total income to Rs 11010.79 crore in Q3 December 2013 over Q3 December 2012. The Company said it will implement the expansion project in Gujarat through a 100% Suzuki subsidiary.
Jindal Steel & Power net profit fell 35.26% to Rs 561.51 crore on 11.89% increase in total income to Rs 5385.18 crore in Q3 December 2013 over Q3 December 2012.
Jyothy Laboratories Ltd reported a 63.11 per cent increase in its standalone net profit to Rs 27.37 crore for the third quarter ended December 31, 2013.
Granules India consolidated net profit jumped 275% to Rs 21.80 crore on 46% growth in net sales to Rs 284.10 crore in Q3 December 2013 over Q3 December 2012.
IPCA Laboratories net profit rose 58% to Rs 139.12 crore on 19% increase in total income to Rs 838.37 crore in Q3 December 2013 over Q3 December 2012.
RBI raised its main lending rate viz. the repo rate by 25 basis points to 8% from 7.75% after Third Quarter Review of Monetary Policy for 2013-14 on 28 January 2014. Consequently, reverse repo rate will now be at 7%. There is no change in CRR at 4%. The RBI has decided to have a policy review once in 2 months (6 reviews in a year), instead of once in 45 days.
Results on 29th January 2014: Bharti Airtel, Century Textile, Crompton Greaves, IOB, Karur Vysya Bank, Tata Global, Titan