Hindustan Zinc, Bajaj Fin, GRUH Fin Net Soar; Gati Net Falls

Mukesh Buch
20 Oct, 2015
New York City

Hindustan Zinc said quarterly profit rose 5%. State Bank of Bikaner net surged 52% but gross non-performing assets remained above 4%. Bajaj Finance quarterly revenues increased 37%. Can Fin Homes net soared 91%. GRUH Finance net Jumped 20%. Gati net fell 17%.

[R]6:00 PM Mumbai, India – Hindustan Zinc said quarterly profit rose 5%. State Bank of Bikaner net surged 52% but gross non-performing assets remained above 4%. Bajaj Finance quarterly revenues increased 37%. Can Fin Homes net soared 91%. GRUH Finance net Jumped 20%. Gati net fell 17%.[/R]

Stocks lacked direction in Mumbai trading and investors remained focused on the earnings announcements after several financial services companies reported mixed results.

Rupee strengthened 25 paisa to 65.05 against one U.S. dollar.

The Sensex Index decreased 58.09 to close at 27,306.83. The CNX Nifty fell 13.40 to 8,261.65.

Gainers & Losers

State Bank of Bikaner and Jaipur soared 6.6% to ₹563.60 after the lender said net in the second-quarter surged 52.3% to ₹180.63 crore.

Net revenues in the quarter advanced 8.7% to ₹2,620.34 crore.

The bank added the ratio of gross non-performing assets in the quarter decreased to 4.2% from 4.45% first-quarter in June and 4.24% in the same period last year.

The ratio of net non-performing assets in the quarter decreased to 2.15% compared to 2.36% first-quarter in June and 2.45% in a year ago period.

Bajaj Finance Limited surged 5.8% to ₹5,306.05 after the financial services provider reported net in the second-quarter soared 41.7% to ₹279.39 crore.

Net revenues in the quarter jumped 36.9% to ₹1,700.57 crore.

Can Fin Homes Ltd increased 1.6% to ₹991.20 after the housing loan provider said net in the second-quarter surged 91.8% to ₹35.38 crore.

Total revenues in the quarter soared 32.7% to ₹263.38 crore.

Gati Limited plunged 7% to ₹152.05 after the cargo services provider said net in the second-quarter declined 16.5% to ₹5.79 crore.

Net revenues in the quarter fell 1.7% to ₹407.72 crore.

GRUH Finance Limited dropped 3.6% to ₹254.05 after the housing loan provider said net in the second-quarter jumped 20% to ₹51.71 crore. Net revenues in the quarter soared 21% to ₹311.81 crore.

Hindustan Zinc Limited edged up 0.4% to ₹159.10 after the zinc producer reported net in the second-quarter increased 5% to ₹2,285 crore. Net revenues in the quarter rose 4% to ₹3,908 crore.

Rane Brake Lining Limited advanced 2.8% to ₹320.60 after the auto components maker said net in the second-quarter surged 123.6% to ₹3.89 crore.

Net sales in the quarter advanced 9.4% to ₹109.22 crore.

SKS Microfinance Limited decreased 1.8% to ₹441 after the financial services provider reported net in the second-quarter jumped 37.2% to ₹77.85 crore.

Net revenues in the quarter soared 61.3% to ₹324.28 crore.

The Tinplate Company of India Limited rose 0.4% to ₹68.30 after the electrolytic tinplate maker said net in the second-quarter soared 43.8% to ₹21.08 crore.

Net sales in the quarter slipped 10.7% to ₹223.43 crore.