The profit exceeded expectations, supported by lower provisions for bad loans that helped offset a decline in treasury income
The deposit growth came at 6.9% in the July-September period
From an asset quality perspective, fresh slippages came at Rs 579 crore, up from Rs 428 crore in the year-ago period, and the slippage ratio also increased to 0.94 per cent from 0.79 per cent a year
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Reliance benefited from benign raw material and crude oil prices
The firm's total revenue, on a consolidated basis, increased 13.8 per cent to Rs 45,152 crore from Rs 39,684 crore last year
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Revenue from operations stood at Rs 79,128 crore, up 19%
However, India's largest media conglomerate's revenue from operations dropped 35.6 per cent sequentially to Rs 6,179 crore
The bank's asset quality improved as gross non-performing assets (NPAs) declined to 2.56 per cent of gross advances at the end of the September quarter from 3.18 per cent a year ago
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RIL's revenue from operations increased to Rs 2.59 trillion from Rs 2.35 trillion in the July-September quarter
By the end of September quarter, Reliance Retail had 19,821 stores, operating retail operations on 77.8 million sq. ft area
The total assets under management (AUM) of the lender grew 22 per cent year-on-year (Y-o-Y) to Rs 91,447 crore, with retail AUM rising 36 per cent Y-o-Y to Rs 74,704 crore
The company added 443 megawatts of organic renewable energy capacity during the quarter, taking total installed capacity to 13,211 megawatts
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The bank posted a net profit of Rs 2,374 crore in the July-September quarter a year ago
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Provisioning also increased to Rs 274 crore during the September quarter of FY26, from Rs 180 crore in the year-ago period
Revenue from operations increased 14.2 per cent. Total expenses rose 12.2 per cent, with the cost of materials consumed climbing 9.6 per cent