Paints and NBFC

Berger Paints India rose 0.93% after consolidated net profit rose 7.1% to Rs 82.30 crore on 11.9% growth in net sales and other operating income to Rs 1029.80 crore in Q3 December 2013 over Q3 December 2012. The Q3 result was announced on Saturday, 1 February 2014. Berger Paints India's consolidated earnings before depreciation, interest and taxation (EBDIT) rose 12.6% to Rs 131.50 crore in Q3 December 2013 over Q3 December 2012. Berger Paints India's net profit rose 0.33% to Rs 65.66 crore on 7.4% growth in net sales and other operating income to Rs 882.78 crore in Q3 December 2013 over Q3 December 2012. IDFC fell 2.63%. The company's consolidated net profit rose 10.02% to Rs 500.68 crore on 3.67% growth in total income to Rs 2122.84 crore in Q3 December 2013 over Q3 December 2012. The Q3 result was announced after market hours on Friday, 31 January 2014. IDFC's balance sheet remained stable at Rs 70,073 crore as on 31 December 2013. Gross loan book increased 1% to Rs 54552 crore as on 31 December 2013, from Rs 54104 crore as on 31 December 2012. ING Vysya Bank lost 3.16% after net profit rose 3.08% to Rs 167.34 crore on 4.37% growth in total income to Rs 1487.85 crore in Q3 December 2013 over Q3 December 2012. The Q3 result was announced after market hours on Friday, 31 January 2014. The bank's provisions and contingencies declined 6.46% to Rs 23.01 crore in Q3 December 2013 over Q3 December 2012. ING Vysya Bank's ratio of gross non-performing assets (NPAs) to gross advances declined to 1.68% as on 31 December 2013, from 1.72% as on 30 September 2013 and 1.77% as on 31 December 2012. The ratio of net NPAs to net advances stood at 0.21% as on 31 December 2013 as against 0.19% as on 30 September 2012 and 0.05% as on 31 December 2012. The bank's Capital Adequacy Ratio (CAR) stood at 16.93% as on 31 December 2013 as against 16.75% as on 30 September 2013 and 12.47% as on 31 December 2012.

The Reserve Bank of India (RBI) has vide its circular dated 20 December 2013 advised all banks to create, as a matter of prudence, a Deferred Tax Liability (DTL) on Special Reserve created under Section 36(1)(viii) of Income Tax Act, 1961. Accordingly, the tax expense for the quarter and nine months ended 31 December 2013 includes proportionate nine month deferred tax charge of Rs 4.08 crore on Special Reserve at that date. Further, on the Special Reserve balance of Rs 74.70 crore at 31 March 2013, the bank created a DTL of Rs 25.39 crore by debiting opening Revenue Reserves, ING Vysya Bank said. IDBI Bank lost 1.98% after net profit declined 75.05% to Rs 103.96 crore on 1.12% growth in total income to Rs 7149.88 crore in Q3 December 2013 over Q3 December 2012. The Q3 result was announced on Saturday, 1 February 2014. IDBI Bank's provisions and contingencies rose 7.31% to Rs 1033.36 crore in Q3 December 2013 over Q3 December 2012.