Ebitda from operations up 32.2%, revenue rises 18.6%
Nuvama Institutional Equities has downgraded IndusInd Bank's stock to 'hold' from 'buy'
Wipro's attrition rate declined to 21.2 percent on a year-on-year basis in Q3FY23
Brokerages cut earnings given pressure on margins but see stock performing in long term
HDFC Life on Friday reported a 15 per cent increase in net profit to Rs 315 crore for the third quarter ended December. The private sector insurer's profit stood at Rs 274 crore in the year-ago period, it said in a regulatory filing. Total income increased to Rs 19,693 crore in the latest December quarter from Rs 14,222 crore in October-December 2021. The company's solvency ratio too improved to 209 per cent from 190 per cent as on December 31, 2021. The regulatory requirement is 150 per cent. For the nine months period ended December, the life insurer posted a profit Rs 1,001 crore as against Rs 850 crore in the corresponding period a year ago.
The company argued it was able to achieve robust financial results due to cooling global LNG prices, and operational optimization cutting power and fuel costs
JSW Energy on Friday reported a 45 per cent decline in its consolidated net profit to Rs 180 crore for the December 2022 quarter. "(consolidated) Profit After Tax (PAT or net profit) stood at Rs 180 crore (in the quarter ended on December 31, 2022), which is lower YoY (year-on-year) compared to a PAT of Rs 324 crore in the corresponding period of the previous year," a company statement said. The company stated that during the quarter (October-December 2022), its total revenue increased by 18 per cent to Rs 2,350 crore from Rs 1,984 crore a year ago, due to higher realisation (as higher fuel costs are passed through in nature for LT PPAs (long term power purchase agreements). The EBITDA for the quarter was 18 per cent lower at Rs 727 crore vis-a-vis Rs 882 crore in the corresponding period of the previous year. It explained that the decrease is primarily due to lower short-term sales YoY, partly offset by the contribution from Vijayanagar Solar and higher other income in the ...
The net NPA ratio was at 1.18 per cent as on December 31, lower than 1.26 per cent a quarter ago and 1.85 per cent a year ago
DCM Shriram Ltd, which is into chemicals, sugar, bioseed and fertiliser businesses, on Friday reported a marginal decline in its December quarter consolidated net profit to Rs 342.09 crore. Its net profit stood at Rs 349.57 crore in the year-ago period. Total income rose 21 per cent to Rs 3,417.06 crore during October-December quarter of this fiscal from Rs 2,815.95 crore in the corresponding period of the previous year. During the April-December period of 2022-23 financial year, the net profit rose to Rs 724.17 crore from Rs 664.94 crore a year ago. Total income rose to Rs 9,324.75 crore in the first nine months of the current fiscal from Rs 7,039.67 crore in the corresponding period of the previous year. Ajay Shriram, Chairman & Senior Managing Director, said the company has reported another consistent quarter of robust performance with positive/stable outlook across all the businesses. "The operating environment is very challenging globally. Russia-Ukraine conflict does not ..
On a sequential basis, the net profit was up by 2.65 per cent, from Rs 4,518 crore in September 2022
It is expected to support its rich valuations
Net interest income (NII) grew by 14% YoY to Rs 1,148 crore while the net interest margin (NIM) was 4.74% during the period under review
Higher provisions for stressed loans also pushed its credit cost up to 6.4% in the quarter from 3.7% a year earlier
State-owned lender's loan book grows 20.09% YoY to Rs 8.04 trn, asset quality improves
Closing Bell: Broader markets bled more than benchmarks with the BSE Midcap and Smallcap indices falling up to 0.7 per cent
ICICI Bank Q3: Consensus estimate by Bloomberg pegs ICICI Bank's net profit growth at 33 per cent year-on-year (YoY)/9 per cent quarter-on-quarter (QoQ) at Rs 8,242 crore
The company said that it de-risked its operating profile with declining client concentration, while attrition fell 15.8% from 16.3% Y/Y
Indiamart Intermesh Ltd, a B2B e-commerce company, on Thursday reported a 60.68 per cent rise in its consolidated net profit to Rs 112.8 crore for the third quarter ended December 31, 2022
FMCG major cautiously optimistic on commodity prices, sees rural slowdown bottoming out
Analysts say impact depends on commodity and energy prices