Company's net profit in FY23 increases 24% at Rs 956 cr from Rs 769 cr in FY22
Tamil Nadu-based lender says it faced 'an extremely challenging environment'
Indian agricultural chemicals maker Coromandel International Ltd reported a 15% fall in its quarterly profit on Monday, as soaring costs offset growing demand
The board of the bank recommended a dividend of Rs 2 per equity share or 100 per cent on the face value Rs 2 each for the financial year ended March 31, 2023
Tube Investments board approved long-term borrowing up to Rs 300 crore to meet the company's fund requirements for FY23-24
The company's consolidated revenue from operation rose by 11.7 per cent to Rs 2,444 crore for the March quarter as compared to Rs 2,188 crore in the year-ago period
Kalyan Jewellers India Ltd on Monday posted a 3.11 per cent drop in its consolidated net profit at Rs 697.99 crore during the fourth quarter of the 2022-23 fiscal, largely due to higher expenses. The company had clocked a net profit of Rs 720.40 crore in the quarter ended March 31, 2022, according to a regulatory filing. The company's total income rose to Rs 3,396.42 crore during the fourth quarter of the 2022-23 fiscal, from Rs 2,868.52 crore in the year-ago period, but expenses remained higher at Rs 3,268.47 crore, as against Rs 2,772.64 crore in the said period. In the filing, Kalyan Jewellers showed Rs 33.35 crore as exceptional item against sale of two aircraft owned by the company as part of the management's overall strategy to dispose of non-core assets. However, for the entire 2022-23 fiscal, the company said its consolidated profit almost doubled to Rs 431.93 crore, higher than Rs 224.03 crore in the previous financial year. Total income increased to Rs 14,109.33 crore in
At the bourses, shares of Bharti Airtel have declined 1.86 per cent so far this calendar year (CY23), as against 2 per cent rise in the S&P BSE Sensex
SBI Q4 result preview: According to Bloomberg's consensus estimate, SBI may see net profit growth of 66.6 per cent YoY/7 per cent QoQ to Rs 15,186 crore
Since February 2, 2023, the stock price of Neuland Labs more-than-doubled or zoomed 116 per cent from level of Rs 1,409.75
The EBITDA margin declined 110 basis points YoY to 7.3%, while the gross margin fell 90 bps YoY to 13.4% pulled down by lower revenue from the high-margin gross merchandise & apparel segment
Bank of Baroda Q4FY23 results preview: Analysts expect Bank of Baroda's financial performance to weaken on a quarter-on-quarter (QoQ) basis, due to lower interest income
Since April, in past one-and-half months, the S&P BSE Realty index has rallied 21 per cent, as compared to 5.8 per cent rise in the S&P BSE Sensex.
Analysts believe the stock is factoring margin recovery and certain niche launches in the US.
The company reported 40 per cent YoY growth in consolidated net profit at Rs 581 crore for the January-March quarter, driven by strong margins and revenue mix.
Lower consumer spending in General Merchandise and Apparel continues and has impacted the margin mix downwards, the company said.
On FY24 outlook, Tata Motors said it remains optimistic on demand despite near term uncertainties while anticipating moderate inflation.
Strong growth in individual non-single premiums drives better show
Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, on Saturday reported an increase of 7.81 per cent in its consolidated net profit at Rs 460.10 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 426.75 crore in the January-March quarter a year ago, said Avenue Supermarts in a BSE filing. Its revenue from operations was up 20.57 per cent to Rs 10,594.11 crore during the quarter under review as against Rs 8,786.45 crore in the corresponding quarter last fiscal. Avenue Supermarts' total expenses were at Rs 10,002.21 crore, up 21.82 per cent in Q4/FY 23, as against Rs 8,210.13 crore in the corresponding quarter. Total income of Avenue Supermarts in the March quarter was at Rs 10,627.18 crore, up 20.5 per cent. For the fiscal year ended March 2023, Avenue Supermarts's net profit was up 59.36 per cent at Rs 2,378.34 crore. It had reported a net profit of Rs 1,492.40 crore in the previous fiscal. Its consolidated revenue fr
Business Standard brings you top news at this hour