Bank of Baroda reports modest profit growth in Q3 FY26 as lower provisions offset pressure on margins from repo rate cut and higher deposit costs
State-run Bank of Baroda on Friday reported a 4.39 per cent increase in consolidated net profit for the December quarter at Rs 5,443 crore, helped by lower provisions as net interest margin compression held back core income growth. On a standalone basis, its net profit grew to Rs 5,055 crore as against Rs 4,837 crore in the year-ago period. The core net interest income grew by just 0.1 per cent to Rs 11,800 crore despite a nearly 15 per cent growth in advances, as a 0.25 per cent compression in the net interest margin at 2.79 per cent held back the number. The bank's managing director and chief executive, Debadatta Chand, told reporters that the bank will likely achieve the upper-end of the 11-13 per cent loan growth guidance for FY26 and may also exceed it, and is aiming to widen the Net Interest Margin (NIM) to 2.90 per cent by the fourth quarter of this fiscal year. The non-interest income grew 6 per cent to Rs 3,600 crore during the reporting quarter. The retail segment led th
Diagnostics major reports a one-time charge linked to new labour codes even as revenue rose over 10% on higher sample volumes and network expansion
Adani Group firm Ambuja Cements Ltd on Friday said its profit after tax declined 86.21 per cent to Rs 366.97 crore in the December quarter of FY26, citing a higher base due to tax gains in the year-ago quarter. Ambuja Cements Ltd (ACL) reported a profit after tax (PAT) of Rs 2,662.97 crore in the October-December quarter of the last fiscal, according to a regulatory filing. ACL, along with its subsidiary ACC, received a favourable order from a high court, following which they reassessed their tax liabilities for Q3/FY25. An amount of Rs 1,179.71 crore and Rs 516.84 crore were recorded in the books of ACL and ACC, respectively, and disclosed the write-back under tax adjustments relating to earlier periods. Besides, ACL also received a cash refund of Rs 203.17 crore along with an interest of Rs 25.60 crore after getting a favourable verdict from the Commissioner of Income Tax (Appeals) dated August 5, 2024, the filing said. It registered a PAT of Rs 378 crore in Q3 of FY26, which was
Forex gains from currency appreciation and higher data revenues boost earnings, while subscriber base and smartphone penetration continue to rise across markets
Bajaj Auto Q3 growth was driven by a double-digit increase in export volumes across both two-wheelers and commercial vehicle segments
Arvind Ltd's Q3 profit fell 5% to ₹100.97 crore due to labour code impact and higher costs, even as revenues and volumes posted strong growth
Nalco's revenue for the quarter was up 1.5 per cent Y-o-Y to ₹4,730.95 crore from ₹4,662.22 crore in Q3FY25. Sequentially, revenue rose 10.2 per cent from ₹4,292.34 crore
The scrip jumped 10.76 per cent to the day's high of ₹802 on the National Stock Exchange
The stock jumped 13.3 per cent to ₹442 apiece on the National Stock Exchange (NSE)
The management said Strides continues to deliver a strong performance in Q3FY26 with growth primarily driven by the Other Regulated Markets and Growth Markets.
The Indian unit of Swiss food major Nestle said net profit rose to ₹1,018 crore ($110.77 million) for the quarter ended December 31
Revenue from sales to automakers jumped 25 per cent during the quarter, while sales of two- and four-wheeler batteries to retail customers hit a record high, Exide said
The country's largest diagnostics firm by revenue took up a one-time charge worth ₹30.1 crore linked to India's new labour codes
The scrip fell 3.82 per cent to a new low of ₹134.33 on the National Stock Exchange (NSE)
In Q3, Walchandnagar Industries reported a net profit of ₹4.66 crore, as compared to a net loss of ₹17.13 crore a year ago
The stock price of Maruti Suzuki was quoting lower for the 8th straight trading day on Friday, falling 12 per cent during the period.
In Q3, Paytm posted a consolidated net profit of ₹225 crore, as compared to a loss of ₹208 crore in Q3FY25
ICICI Securities has reduced Allied Blenders share price target to ₹520 from ₹540 earlier. The new target price implies upside potential of 14.13 per cent from current levels
The scrip declined as much as 10.33 per cent to ₹322.10, the lowest level since April 26, 2023 on the National Stock Exchange (NSE)