State-owned Coal India is expected to put up a strong operational show for the quarter ended March 2024, led by lower employee costs. The previous year quarter included arrears of earlier years. The company will announce its quarterly results on May 2. Net profit for the fourth quarter is seen rising around 37% year-on-year, while … Read more
IDFC First Bank today reported a net profit of Rs 724.35 crore for the quarter ended March 31 which was down from Rs 802.62 crore reported by the lender in the year ago period. IDFC First Bank reported an interest income of Rs 8,219.21 crore in the January-March quarter which was higher from Rs 6,424.35 … Read more
India’s second largest private lender ICICI Bank today reported a standalone net profit of Rs 10 707.53 crore for the quarter ended March 31, 2024 which was up by 17.38% from Rs 9121.87 crore reported in the year ago period. ICICI Bank reported interest income earned during the quarter at Rs 37,948.36 crore which was … Read more
Yes Bank reported a standalone net profit of Rs 452 crore for the quarter ended March 31, 2024 which jumped 123% over Rs 202.43 crore reported by the lender in the year ago period. The lender earned interest income of Rs 7,447.17 crore up from Rs 6,216.24 crore reported in the corresponding quarter of the … Read more
Mumbai: Bajaj Finserv reported a 20% increase in net profit for the quarter to March to ₹2,119 crore, from ₹1,769 crore a year earlier, mainly on account of an increase in profit at its non-banking finance arm, Bajaj Finance. The holding company of various financial services within the Bajaj group proposed a dividend of ₹1 … Read more
New Delhi: LIC Housing Finance, the mortgage arm of insurance behemoth LIC, plans to mobilise funds through green bonds in the coming financial year with an aim to finance environmentally-sustainable housing projects. “Green financing is something that we will look at the next year and we would deploy the fund for financing green housing projects,” … Read more
Over the halfway mark into the earnings season, nearly 190 companies will be announcing their December quarter earnings on Wednesday with Street keeping its eyes fixed on the results of Nestle India, Power Grid Corporation, Tata Consumer Products and Trent. Among other important results will be those by Fortis Healthcare, Gujarat Narmada Valley Fertilizers & … Read more
Mumbai: State Bank of India (SBI)’s profit fell 35% year on year due to provisions on wage and pension increases even as loan growth remained strong. Net profit fell to Rs 9164 crore in the quarter ended December 2023 from Rs 14,205 crore a year ago as the bank made a total of Rs 13,413 … Read more
Leading public sector lender State Bank of India (SBI) reported a standalone net profit of Rs 9,164 crore which was down by over 35% from 14,205.34 crore reported by the state lender in the year ago period. The bank earned Rs 105,733.78 crore in interest income in the reported quarter which was up 22% from … Read more
New Delhi: InterGlobe Aviation, the operator of India’s largest airline IndiGo, more than doubled its net profit in the December quarter, marked by robust demand during the peak travel season and imposition of a fuel surcharge. The airline, which commands more than 60% share of India’s domestic market, posted a profit of ₹2,998 crore in … Read more
