The combined ratio stood at 99.7 per cent compared to 100.4 per cent in the same period, primarily driven by Covid-19 pandemic despite losses incurred due to catastrophic events
In the quarter ended Q1FY21, the company on Friday reported a profit before tax (PBT) of Rs 3,862 crore, up 31.7 per cent year on year (YoY), while it remained flat on a sequential basis.
The company's total revenue came in at Rs 3,420.67 crore, up 26.67 per cent against Rs 2,700.35 crore in the corresponding quarter of the previous fiscal.
HCL Tech, according to ICICI Securities, is expected to report 8 per cent quarter-on-quarter (QoQ) dip in dollar revenues to US$2339 million
The advances shrank by 1 per cent YoY to Rs 98,879 crore at end of June 2020 from Rs 99,904 crore in June 2019
The net profit for the quarter ended June 2020 (Q1FY21) rose 17.1 per cent year-on-year to Rs 416.4 crore on account of lower operating expenses.
Revenue of the firm grew 4.1 per cent year-on-year to Rs 1,908.8 crore during this period though it declined 6.9 per cent sequentially
IT firm's margin expands despite revenue fall in Q1
Owner of Avenue Supermarts reported a profit of Rs 323 crore in the same quarter last year
The bank had posted a net profit of Rs 175.42 crore during the corresponding period of the previous financial year, which also was its previous high in quarterly profit, it said in a release.
IT major says pandemic impact may have bottomed out
CII, FICCI have asked for exemption from disclosing June quarter results; Sebi says yet to take view
Jaguar Land Rover, a marquee entity of the Tata group, has been majorly hit by the freeze
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 stood at Rs 17 crore in the first quarter of last financial year, while it was at Rs 26 crore in Q4 of FY19
Growth came despite a sustained slowdown in the automotive and construction segments, both of which are key users of paints
From IMA planning to withdraw services to Kia Motors launching its 'Made In India' car, Business Standard brings you the top events that are likely to make headlines today
India operations hit on fall in realisations, weakness in auto sector
Key things to watch out for include updates on the FY20 outlook (the company had guided for 14-16 per cent CC revenue growth), and outlook on business in Europe, Financial and Engineering Services.
The company's consolidated net profit was Rs 2,277.87 crore in the corresponding quarter a year ago