Shares of Balkrishna Industries (BKT) surged 5% on the BSE on Saturday to its fresh 52-week high of Rs 2,798.95 after reporting a net profit of Rs 481 crore for the fourth quarter of financial year 2024. BKT’s net profit shot up 88% YoY while revenue jumped 16% to Rs 2,697 crore backed by a … Read more
Showcasing a sharp earnings turnaround on asset quality improvements, robust margins and strong loan book growth in a multi-year credit upcycle, the combined net profit of all 12 PSU banks has zoomed nearly 4.5 times in just 3 years to record high levels of Rs 141,203 crore in FY24. On a year-on-year basis, the profit … Read more
Shares of 2-wheeler giant Hero MotoCorp jumped 6% in today’s early trading session on BSE to the day’s high of Rs 4,898 after brokerages remained positive on the company’s future outlook post Q4 results. India’s largest 2-wheeler maker posted an 18% increase in net profit at Rs 1,016.05 crore, largely in line with street estimates, … Read more
Shares of Britannia Industries rallied 9.4% to Rs 5,193.6 in Monday’s trade on BSE despite the FMCG major reporting a 3.6% year-on-year (YoY) decline in net profit to Rs 538.3 crore in Q4 of FY24. On a sequential basis, the net profit saw a decline of 3.2% over Rs 556.39 crore reported in Q3FY24. The … Read more
Shares of Godrej Properties jumped 9.7% in today’s session on BSE to a new all-time high of Rs 2,816.90 after brokerages increased target prices for the stock following a 14% year-on-year (YoY) growth in its consolidated net profit at Rs 471 crore for the quarter ended March 2024. The realty player has clocked the highest … Read more
FMCG major Marico on Monday reported a 5% year-on-year (YoY) jump in its March quarter consolidated net profit at Rs 320 crore. The profit stood at Rs 305 crore in the corresponding period of the previous financial year. On a sequential basis, it was down 17% as against Rs 386 crore posted by the company … Read more
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
