The company looks to raise Rs 53,125 crore through this rights issue, which will be the first by RIL in three decades
The Pune-headquartered company reported Rs 804 crore in consolidated net profit for the March quarter (Q4FY20), a decline of 29.1 per cent on year-on-year (YoY) basis
Revenue from operations stood at Rs 139,283 crore, down 2.30 per cent from Rs 142,565 crore in the year-ago period.
"COVID-19 is perhaps the biggest challenge for us both from the lens of sustaining lives as well as livelihoods," said Sanjiv Mehta, Chairman and Managing Director.
the bank reported a 17 per cent increase in its operating profit at Rs 5,851 crore in the March quarter
The private lender's net interest income (NII) came in at Rs 6,808 crore for the period under review
Analysts at MOFSL believe the Mumbai-based bank's credit cost may stay elevated led by higher slippages. Besides, asset quality could witness some pressure along with modest loan growth.
The company's total income fell to Rs 6,327.57 crore in the quarter from Rs 8,077.89 crore in the year-ago period
To cushion against the uncertainties arising due to the outbreak of the coronavirus (Covid-19) pandemic, the bank has provided for Rs 260 crore under the provisions and contigencies segment
According to analysts at ICICI Securities, the Rs 8,800 crore-exposure to the telecom sector may cast shadow over the bank's asset quality.
Mindtree posted a net profit of Rs 198.4 crore in the same period last year
Shares of the company were up nearly 2%, as it kept a tight lid on costs to weather the impact of the pandemic on its business
Net profit for January-March was $376 million, far below than expectations
The company, which follows January-December financial year, had posted a profit of Rs 346.02 crore in the same quarter a year ago, ACC said in a BSE filing
Company abstains from giving annual revenue projections owing to COVID-19 uncertainties, appoints new board member
It had reported a pre-tax profit of Rs 8,954.38 crore in the same period last financial year (Q4FY19).
Among large banks, the brokerage sees ICICI Bank's PAT declining 49 per cent QoQ to Rs 2,100 crore in Q4FY20, followed by a 68 per cent sequential decline in Axis Bank's PAT at Rs 564.6 crore.
Revenue from operations stood at Rs 15,711 crore, up 4.69 per cent against Rs 15,006.3 crore in the corresponding quarter of the previous fiscal.
TCS will hold its board meet the next day (April 16) for approval of its financial statements
The deposit base of the private sector lender stood at Rs 11.46 trillion in Q4FY20 compared to Rs 9.23 trillion in the same period last year