Bloomberg TV India’s special coverage on 2014 Vote on Account. Watch all the action from UPA-II's Interim Budget.
February 17: Economic Affairs Secretary Arvind Mayaram says that there is a need to carry out structural reforms for fiscal consolidation. Watch as he tells Mehak Kasbekar that investment cycle must include investment in manufacturing.
February 17: “Banks will be tough with willful defaulters who can pay,” says, Financial Services Secretary Rajiv Takru. He adds that the solution for distressed assets cannot be government infusing capital.
February 17: Disinvestment Secretary Ravi Mathur says there will be no revenue loss due to lower divestment. He also adds that dividends from PSUs have helped the ministry to meet divestment shortfall.
February 17: The Finance Ministry has decided to put up the DTC Bill for discussion with investors and advisors. Priyal Guliani Bhattacharya speaks to Finance Secretary Sumit Bose in detail about it.
February 17: Expenditure Secretary Ratan Watal says it is incorrect to say that planned expenditure has been cut. Finance Secretary Sumit Bose adds that impact of excise cuts over next 40 days will be around Rs.400 crore.
February 17: An excise duty cut on small cars and two-wheelers has been announced by Finance Minister P. Chidambaram today. The cut in duty will be applicable up to June 20, 2014, when the new government is likely to present the full year Budget. FM also cut duty on consumer durables from 12% to 10%. Sunanda Jayaseelan shares a detailed report on the same.
February 17: “We will put up the DTC Bill for discussion with investors and advisors,” says, Parthasarathi Shome, Adviser to FM. Further talking about GST he adds, “We hope to see progress in GST once political scenario is reconfigured.” Watch as he tells Mehal Kasbekar that India cannot have an overly simple tax system.
February 17: “It is commendable that government has contained fiscal deficit given the fact that growth is below 5%,” says, Sajjid Chinoy, India Economist, JPMorgan. On the other hand, Gautam Chhaochharia, Head of India Research, UBS Securities, says that fiscal consolidation has been a drag on growth.
February 17: “We see fiscal and monetary policy headwinds on growth,” says, Sonal Varma, Executive Director and India Economist, Nomura. Further, she expects RBI to maintain status quo in its April policy. However, she adds that it is very risky to assume that inflation is trending down.
ADANI TRANSMISSION Q3
Net Sales at Rs 1540 Cr Vs Rs 508 Cr, up 3x
Total Income at Rs 1,808 Cr vs Rs 734 Cr, 2.5x
EBITDA at Rs 1462 Cr Vs Rs 475 Cr, up 3x
EBITDA margins at Rs 95% vs 93.5%
PAT Rs 842 Cr vs Rs 99.3 Cr, up 8x
All results are Consol & comparable YoY
DCB BANK Q3 REVIEW
PAT at Rs 57 Cr vs 51 Cr up 11.8%
NII at Rs 250 Cr vs 209 Cr up 19.6%
Non-Interest Income at Rs 75 Cr vs 64 Cr, up 17.2%
Operating Profit at Rs 123 Cr vs 109 Cr, up 12.8%
Net Interest Margin at 4.12% vs 3.95% YoY
All results are comparable YoY
TATA SPONGE Q3 REVIEW
Net Sales up 36% at Rs 214.5 Cr Vs Rs 157.6 Cr
EBITDA up 3.1x at Rs 59.8 Cr Vs Rs 19.4 Cr
EBITDA Margin at 27.9% V 12.3%
Net Profit up 3.3x at Rs 36 Cr Vs Rs 11 Cr
Other Income up 36% at Rs 11.7 Cr Vs Rs 8.6 Cr
All figures are standalone and comparable YoY
THIRUMALAI CHEMICALS Q3 REVIEW
Net Sales up 6.9% at Rs 254.8 Cr Vs Rs 238.4 Cr
EBITDA up 80% at Rs 70.1 Cr Vs Rs 39 Cr
EBITDA Margin at 27.5% vs 16.4%
Net Profit up 2.3x at Rs 43.2 cr vs Rs 18.8 cr
All figures are comparable YoY
SREI INFRA Q3 REVIEW
AUM at Rs 44971 Cr Vs Rs 37505 Cr, Up 20%
Disbursements at Rs 5731 Cr Vs Rs 4812 Cr, Up 19%
Total Income at Rs 1411 Cr Vs Rs 1134 Cr, Up 24%
Calc NII at Rs 645 Cr Vs Rs 419 Cr, Up 54%
PAT at Rs 105 Cr Vs Rs 67 Cr, Up 56%
All results are comparable YoY