The drop is largely on account of Kotak Mahindra Life Insurance posting a net loss of Rs 243 cr on shareholders' account due to higher death claims following the second Covid wave
Non-interest income up 39% to Rs 3,588 cr, with fee income growing at 62% to Rs 2,668 cr
Top line up 79% YoY at Rs 28,105 cr; lower base also spurs annual surge in bottomline
The company's topline in the period under review stood at Rs 29,334.73 crore, up 38% from the same period last year
At the end of June, its net debt shrank to Rs 4,745 crore from Rs 5,267 crore in March-end
Drug firm GlaxoSmithKline Pharmaceuticals on Monday reported a 9.24 per cent rise in consolidated net profit to Rs 121.08 crore for the quarter ended June 30, 2021.
The company's UK subsidiary expects Q2 to be worse, sees recovery only in the second half of FY22
Jindal Stainless Ltd (JSL) returned to black in the April-June quarter, posting a net profit of Rs 271.42 crore on the back of a significant rise in income
Firm's consolidated revenues from operations also fell marginally to Rs 1,326 cr in Q1FY22, from Rs 1,341 crore a year ago
Firm silent on attrition rate during the quarter, though it does see it rising before stabilising
The net interest income (NII) of the lender rose 11 per cent Rs 7,760 crore
The consolidated order book of the group was at Rs 3.23 trillion as on June 30, 2021, with international orders at 20% of the total order book
The revenue from operations of the auto major more than doubled to Rs 66,406 crore in the June quarter
The group also announced a 1.5 billion euro share buyback set to start in the third quarter and take up to three years.
Emkay Global expects the net profit to zoom 97 per cent YoY and contract 18 per cent QoQ at Rs 2,196 crore
Here's what leading brokerages expect from the automaker's Q1 results
Here's what leading brokerages expect from the infra major's Q1 results
Good Q1 showing on the back of last year's low base; sales low sequentially
Its revenue from operations rose 36 per cent per cent to Rs 14,240 crore
Interest margins improved; provision fell despite Covid-19 pressure