The company had posted a net profit of Rs 291.97 crore for the same period previous fiscal, Divi's Labs said in a BSE filing
The consolidated income of the company during January-March quarter dropped to Rs 20,382 crore
Referring to Covid-19, the SBI chairman said that the situation continues to be uncertain and major challenges would arise from extended working capital cycle and waning cash flows
Firm won orders worth Rs 1.86 trillion at the group level in FY20, up 9% over previous year even in the face of subdued business environment and economic challenges
The company had clocked a consolidated net profit of Rs 3,586.48 crore in the year-ago period
Revenue from music stood at Rs 91.74 crore during the quarter under review, while that from films/television serials was at Rs 16.45 crore
The profit was supported by one-time gain of Rs 2,731.34 crore from the stake sale in SBI Cards done during the quarter.
Shares of the company, which had surged nearly 80% this year, dropped 16% in extended trading after Slack withdrew its forecast for billings citing uncertainty driven by the Covid-19 pandemic
Total income fell to Rs 6,884.14 crore in 2019-20 from Rs 9,029.41 crore in the previous year
According to analysts, gains from SBI Cards stake sale, worth Rs 3,000 crore, may support profitability.
Growth, asset quality and NPA resolutions remain key metrics to be watched for the entire lending space given uncertainty regarding the return to normalcy amid Covid-19 pandemic, say analysts
"With the prevailing uncertainty due to pandemic, we are not in a position to provide capacity growth guidance," the airline stand in a statement.
The FMCG major said that after the initial hiccups, the firm coped up well and witnessed 20 per cent rise in revenues in April, and 28 per cent in May
Full-year pre-tax profit up 4.46% at Rs 331.52 cr
Rise in fuel costs due to depreciation of rupee during the quarter, slight decline in passenger load factor, but marginal expansion in fleet capacity are some other factors that could affect earnings
Domestic sales declined by 88.93 per cent to 13,888 units last month, as against 1,25,552 units in May 2019
Analysts at Edelweiss estimate that banks like Axis Bank, Kotak Mahindra Bank and ICICI Bank have 25-30 per cent of their loan book under the moratorium
Total expenses were higher at Rs 1,284.35 crore during the quarter as against Rs 1,031.48 crore a year ago
The bank, majority owned by Life Insurance Corporation of India (LIC), had posted a net loss of Rs 4,918 crore in the corresponding period of last year
Go ahead for inhaler launch in the US and resolution of plant compliance issues are other triggers