“Over the last couple of quarters, the lender has seen deterioration in its asset quality, specially in the corporate segment. Tight refinancing conditions for borrowers were being a important result in for the crystallization of
Shares of graphite electrode company HEG slipped just about 14 for every cent on Wednesday immediately after the firm described bad established of economical figures for the quarter finished December 31, 2019 (Q3FY20).
The firm described consolidated decline of Rs one.23 crore for the quarter under review against Rs 444.sixty crore financial gain registered in the yr-back period. Complete earnings declined seventy eight for every cent yr-on-yr (YoY) to Rs 420.ninety seven crore.
Earnings just before interest, tax, depreciation and amortisation (Ebitda) fell ninety nine.six for every cent to Rs four.7 crore while margin stood at one.two for every cent
With today’s obtain, HUL has outperformed the marketplace by surging eleven for each cent hence far in February. In comparison, the S&P BSE Sensex was up 2 for each cent, whilst the sector index S&P BSE FMCG slipped .06 for each cent all through the very same interval.
A sharp rally in stock rate has found