Lender said it is in a position to come out of Prompt Corrective Action since NPAs have come down drastically and the bank has started reporting profit
Down-trading and Covid impact on rural demand are downside risks
For the quarter ended June 2020, Muthoot Finance posted a 53.46 per cent YoY rise in its consolidated net profit at Rs 853.51 crore.
The bank said it has made healthy Covid provisions
Zee Entertainment Enterprise Ltd has reported a consolidated net profit of Rs 29.28 crore for the first quarter ended on June, 2020
The severity of contraction in economic activities due to Covid-19 is declining, but sustainable recovery is far away still. A K Bhattacharya explains the problems and positives for the Indian economy
Analysts at ICICI Securities expect the company to outperform the underlying market due to rising revenues per vehicle, new order wins and focus on being a solutions provider
Air conditioning firm gains market share in room ACs, improves margins
Revenue fell 43 per cent to Rs 4951.9 crore in the first quarter of the current 2020-21 fiscal
Total revenue during the quarter came in at Rs 4,951.95 crore, down 43 per cent YoY.
The company's revenue from operations slipped 2.57 per cent YoY to Rs 26,194.76 crore during the quarter under review.
It had posted a net profit of Rs 176.41 crore in the corresponding quarter of the previous fiscal.
While aggregate net income of 47 NSE Nifty 50 Index members slumped 40% in Q1 from a year ago, nearly two thirds of these companies met or exceeded estimates
The company's consolidated net sales in the quarter gone by stood at Rs 25,283 crore, down 15.6 per cent from same period last year
The company reported a consolidated net loss of Rs 388.82 crore for the first quarter ended June 30 (Q1) as against a net profit of Rs 274.96 crore in Q1FY20
"We focussed on controlling costs on all fronts and will continue with these efforts for the remaining part of the financial year," Glenmark Pharmaceuticals Chairman and MD Glenn Saldanha said
Total income during the quarter fell by 47 per cent to Rs 610 crore
40% drop in revenue, largely due to absence of IPL and movie distribution
Its operating revenue plunged 51 per cent to Rs 1,297 crores from Rs 2,654 crores last year
The firm's total income during April-June came down to Rs 26,794.68 crore, compared to Rs 27,353.36 crore in the year-ago period