Standalone net profit rose to a record Rs 9,648 crore ($1.18 billion) for the first financial quarter from 69.05 billion in the same period a year earlier
YES Bank's provisions and contingencies, net of recoveries made against loan accounts written off as bad, more than doubled to Rs 360 crore from Rs 175 crore a year earlier
Business Standard brings you the top headlines at this hour
Consumer business reports healthy growth
Firm's finance cost up 130% due to business expansion
On track to finish 5G roll-out before December, says Ambani
Margin gains going ahead is a key positive
Reliance Industries announces dividend of Rs 9 per share
There was one large account with exposure of Rs 1,200 crore which slipped into the stressed category
The company said that it added 210,000 clients during the June quarter taking the overall customer base to around 9.3 million
In Friday's trade, UltraTech's shares closed at Rs 8126.50 per share, down 1.18 percent on the BSE
Reliance Jio's total income during the first quarter rose to Rs 24,127 crore from Rs 21,995 crore a year ago
Total income rose marginally to Rs 1,521.71 crore in the April-June period of 2023-24 financial year from Rs 1,516.28 crore in the year-ago period
Closing Bell on July 21, 2023: The benchmarks snapped their 6-day winning run. Among sectoral indices, the Nifty IT index shed 4 per cent, followed by the Nifty FMCG index (down 1 per cent)
The profit before interest, depreciation and tax was Rs 3,223 crore, compared to Rs 3,204 crore year-on-year (YoY)
Better show propelled by 20-fold surge in sales volume across segments, one-time deferred tax credit of Rs 172 crore
The company's revenue from operations rose 18.08% to Rs 578.4 crore from Rs 489.8 crore in the quarter that ended on June 30
Capacity utilisation at Indian operations was at 92% compared to 96% in Q4 FY23 due to maintenance shutdowns
IT services company Mphasis has reported 1.4 per cent decline in net profit for June quarter to Rs 396 crore, according to a BSE filing. Net profit stood at Rs 401 crore in the year-ago period (Q1FY23). The company registered a revenue of Rs 3,252 crore, a 4.66 per cent decline from Rs 3,411.2 crore in the same period last year. Sequentially, profit was down 2.3 per cent from Rs 405 crore in March quarter. "While the macro-economic environment is still uncertain, we continue to broad base our growth across client segments, verticals, and geographies, with strong pipeline growth," Chief Executive Officer and Managing Director of Mphasis Nitin Rakesh said. He also predicted a revenue growth pick-up in the remaining quarters of the year based on improved visibility driven by deal wins, bottoming of the mortgage cycle and early signs of increased activity.
Consolidated net profit for the quarter ended June 30 came in at Rs 1,688 crore ($205.8 million), compared with Rs 1,584 crore a year earlier