The company's revenue from operations went up by 26.18 per cent year-on-year to reach Rs 3,911.88 crore for the quarter that ended on June 30, 2023
State-owned UCO Bank on Friday posted an 80 per cent jump in net profit to Rs 223 crore in the April-June quarter, mainly due to a decline in bad loans.
The revenue from operations for Q1FY24 came in at Rs 2.2 trillion, compared to Rs 2.5 trillion last year
The revenue from operations was up 25 per cent to Rs 3,125.4 crore during the quarter
On a quarter-on-quarter basis, the revenue for operations was up 14.94% at Rs 3,542.96 crore
As per the official statement, the Company has posted a YOY growth of 25 per cent in total consolidated revenue with Rs 483 crore in Q1 of FY 24 as against Rs 385 Cr in Q1 of FY 23
The company's revenue rose 2 per cent to Rs 1,522 crore in Q1FY24, up from Rs 1,487 crore
Its revenue grew three per cent during the reported quarter to Rs 7,076 crore compared to Rs 6,897 crore in the year-ago quarter
The interest income rose to Rs 12,130 crore in Q1FY24 from Rs 8,971 crore in Q1FY23
The rise in provisions and contingencies, that for standard loans and NPAs, was 10.8% YoY to Rs 9,596 crore in Q1Fy24
Quarterly tower additions stood at their highest levels ever at 5048
During the quarter, the company launched three products -- Resource Fiber Choice, for gut health solution; Everyday Zero, the dairy whitener with no added sugar; and MUNCH breakfast cereals
Revenue from textiles was Rs 1,418.11 crore in the June quarter and the same from advanced material was Rs 341.96 crore
With regard to India, the report said despite a small uptick quarter-over-quarter, VC investment remained very subdued. The April-June quarter of 2022 saw over USD 8 billion in VC investment in India
Coromandel's total income for the quarter ended June 2023 was also down marginally to Rs 5,738 crore versus Rs 5,783 crore for the quarter ended June 2022
In Q1 FY24, the bank's total business grew by 9 per cent to Rs 11.01 trillion, up from Rs 10.09 trillion at the end of June 2022
The order book position of the company as on July 1, 2023, stood at Rs 65,356 crore, it was stated
Loan against property grew 19 per cent to Rs 6,836 crore, and construction and real estate book at Rs 2,732 crore
Consolidated net interest income for the first quarter ended June 30 this year increased by 13.16 per cent and stood at Rs 4,576.6 crore as against Rs 4,044.42 crore
The consolidated total income during the quarter under review grew to Rs 165.56 crore from Rs 129.73 crore recorded in the corresponding period of last year