Page 91 - Q1 Results

Jammu and Kashmir Bank Q1 net profit nearly doubles to Rs 326 crore

Jammu and Kashmir Bank on Monday reported a 96 per cent jump in net profit at Rs 326 crore in the June quarter, aided by decline in bad loans. The Srinagar-based lender had posted a net profit of Rs 166 crore in the year-ago period. The Union Territory of Jammu and Kashmir holds 63.41 per cent stake in the bank. Total income in the first quarter of the current fiscal rose to Rs 2,885 crore from Rs 2,306 crore in the same period a year ago, J&K Bank said in a regulatory filing. Interest earned by the bank improved to Rs 2,657 crore as against Rs 2,103 crore in June 2022. The bank's asset quality showed an improvement as gross non-performing assets (NPAs) declined to 5.77 per cent of gross advances at the end of the June quarter, from 9.09 per cent a year ago. Similarly, net NPAs, or bad loans, declined to 1.39 per cent, as against 3.02 per cent in the year-ago period. As a result, provision for bad loans came down to Rs 56 crore, as against Rs 135 crore allocated in the same ...

TVS Motor Q1FY24 results: Net profit rises 42.2% to Rs 434.3 crore

The overall two-wheeler and three-wheeler sales including exports grew by 5% registering sales of 953,000 units in the quarter ended June 2023

HDFC AMC Q1 results: Net profit up 51.98%, revenue from ops rises 10.15%

HDFC Asset Management Company's Q1 revenue grew 10.15% YoY Rs 574.54 crore

Poonawalla Fincorp Q1FY24 result: PAT grows 62% YoY at Rs 200 crore

Gross non-performing assets have also decreased by 1.42%, showing a YoY decline of 126 basis points

J&K Bank Q1 results: Net profit jumps 96%, gross NPA ratio down to 5.77%

Gross NPAs for Q1FY24 stood at Rs 5103.68 crore, as compared to Rs 6982.02 crore in the corresponding period of the previous year

JLR volumes may aid Tata Motors Q1 margins; demand outlook eyed: Analysts

So far this calendar year (CY23), shares of Tata Motors jumped 61 per cent, as against a 9.6 per cent surge in the S&P BSE Sensex

Higher vols may drive Bajaj Auto's Q1 revenue; margins to expand: Analysts

So far this calendar year (CY23), shares of Bajaj Auto rose 34 per cent, as against 9.6 per cent gain in the S&P BSE Sensex, during the same period

RIL, Infy, Paytm, Vedanta: Trading strategies for stocks post their Q1 nos

ICICI Bank remains strong on charts post delivering Q1 results last week

Aarti Drugs surges 14% on firm Q1 result, approves buyback via tender route

The board has approved the buyback of 665,000 equity shares at Rs 900 per share via the tender offer route

Top Headlines: Welfare schemes in poll-bound states, Q1FY24 results, more

Business Standard brings you the top headlines at this hour

RIL dips 3% in intraday trade on weaker-than-expected Q1FY24 results

The company reported a 10.8% year-on-year dip in its consolidated net profit to Rs 16,011 crore owing to weak profitability seen in the O2C business

Q1FY24 results: Revenue growth of early birds at a 10-quarter low

India Inc more dependent on BFSI, IT companies to drive growth

More misses than hits hint at uncertain times for IT services companies

First mismatch in the numbers is the total contract value (TCV) signed by the firms and the actual revenue growth registered

US Fed rate decision, June qtr earnings to drive markets this wk: Analysts

The US Fed interest rate decision and ongoing quarterly earnings from corporates are the major factors to drive the equity markets this week, where the benchmark indices may face volatile trends amid the scheduled monthly derivatives expiry, according to analysts. Besides, trends in global markets and the trading activity of foreign investors would also influence domestic equities. "On July 26, the US Federal Reserve will announce its policy decision, and there is an expectation of a 25 basis point rate hike. Market participants will closely analyse the comments made during the announcement. Additionally, on July 28, the Bank of Japan will also reveal its policy decision," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. Companies like Tata Steel, Asian Paints, Axis Bank, Bajaj Finance, BPCL and Tech Mahindra will release their earnings throughout the week, Meena added. Shares of Reliance Industries Ltd, India's most valuable company, will be in focus on Monday aft

Kotak Mahindra Bank Q1 consolidated net profit up 51% to Rs 4,150 crore

On a standalone basis, the private sector lender reported a net profit of Rs 3,452 crore in Q1FY24, up 67 per cent year-on-year

Titagarh Rail Systems logs Rs 61.77 cr net profit driven by higher income

Titagarh Rail Systems Ltd on Saturday reported a net profit of Rs 61.77 crore for the April-June quarter of 2023-24 driven by higher income. The company posted a consolidated net loss of Rs 6.46 lakh in the first quarter of the previous fiscal, the company said in a filing to BSE. The consolidated total income in the April-June period more than doubled to Rs 914.64 crore, over Rs 440.78 crore in the year-ago period, it said. Headquartered in Kolkata, the Titagarh group is a leading manufacturer of freight and passenger rolling stock. In March, Titagarh Rail Systems Ltd in consortium with Ramkrishna Forgings emerged as the lowest bidder for the supply of 15.40 lakh forged wheels to Indian Railways. The JV namely Ramkrishna Titagarh Wheels Ltd (RTWL) will be engaged in manufacturing and supply of forged wheels under the Atma Nirbhar Bharat initiative, the filing said.

RBL Q1 net profit up 43% to Rs 288 cr; aims to reduce unsecured loans share

Private sector lender RBL Bank on Saturday reported a 43 per cent jump in its June quarter net profit at Rs 288 crore, helped by core income growth. The city-based lender reported a 21 per cent jump in the core net interest income at Rs 1,246 crore on the back of a 21 per cent growth in advances and a 0.48 per cent expansion in net interest margin (NIM) to 4.84 per cent. The other income grew 12 per cent to Rs 685 crore. The bank is aiming to expand the NIMs further to 5 per cent going forward on the back of a better product mix, its managing director and chief executive R Subramaniakumar said. Its retail loans grew by 34 per cent, with newer products like mortgages experiencing the maximum growth. Subramaniakumar said the share of unsecured assets presently stands at 43 per cent, and the bank is targeting to decrease this by 2 percentage points by the end of the fiscal, as the share of secured retail finances, including home loans, two-wheeler loans and auto loans, grows. At the

ICICI Bank Q1 profit rises 40% to Rs 9,648 cr, net interest income up 38%

The gross NPA ratio was 2.76 per cent at June 30, 2023, compared to 2.81per cent at March 31, 2023

AU SFB Q1 net profit jumps 44% to Rs 387 cr, net interest income rises 28%

AU Small Finance Bank on Saturday reported a 44 per cent rise in net profit at Rs 387 crore in the June quarter helped by growth in interest income. The Jaipur-based lender had posted a net profit of Rs 268 crore in the year-ago period. Total income in the first quarter of the current fiscal rose to Rs 2,773 crore from Rs 1,979 crore in the same period a year ago, AU Small Finance Bank said in a regulatory filing. Interest earned by the bank improved to Rs 2,458 crore over Rs 1,820 crore in June 2022. Net interest income (NII) increased by 28 per cent to Rs 1,246 crore from Rs 976 crore in the same quarter a year ago. However, the net interest margin declined to 5.7 per cent as compared to 5.9 per cent in the same period a year ago. Despite Q1 being a seasonally weak quarter for banking, the bank saw growth across its assets and deposits with profitability growing by 44 per cent on an annual basis supported by a strong NII growth of 28 per cent. The bank's asset quality showed .

YES Bank Q1 net rises 10% to Rs 342 crore, net interest income up 8%

Net interest income - the difference between interest earned and interest expended - grew by 8.1per cent to Rs 2,000 crore