Adjusted Ebidta was Rs 4,72.6 crore in the quarter ended June 30, 2022 as against Rs 5,73.6 crore in the previous corresponding quarter, with margins of 17 per cent
AirAsia India has been shrinking its operations and operates only 27 aircraft
Royal Enfield sold 186,032 motorcycles during the quarter, posting an increase of 52 per cent from 122,170 motorcycles sold over the same period in FY22
The company had posted net profit of Rs 2,787 crore in the year-ago period. On a sequential basis, net profit rose 7 per cent, from Rs 3,851 crore reported in the January-March quarter
Jammu & Kashmir Bank on Wednesday reported a 59 per cent jump in net profit at Rs 165.9 crore in the first quarter of FY23 on the back of higher income. It had reported a net profit of Rs 104.3 crore in the year-ago period. In the April-June quarter of FY23, total income increased to Rs 2,306.26 crore from Rs 2173.92 crore in the same period a year ago, Jammu & Kashmir Bank said in a regulatory filing. During the quarter, the bank's Net Interest Income (NII) rose 6.7 per cent on an annual basis to Rs 1,034.23 crore. The Net Interest Margin (NIM) was 3.46 per cent as against 3.41 per cent recorded on March 31, 2022, it said. The lender's gross non-performing assets fell to 9.09 per cent of the gross advances as on June 30, 2022. In the same period a year ago, it was 9.69 per cent. However, net NPAs (Non-Performing Assets) rose to 3.02 per cent from 2.94 per cent. The overall provisioning and contingencies for June quarter was increased to Rs 381.45 crore as against Rs 360.62 ...
Suzlon Energy posted a multi-fold rise in its net profit to Rs 2,432.55 crore in the June quarter compared to the year-ago period, helped by exceptional gains
The Reserve Bank of India (RBI) on Wednesday released its guidelines for digital lending, listing companies allowed in the business, the rules for loans and data collection, and how fee is charged
State-run NHPC on Wednesday posted over 7 per cent increase in its consolidated net profit to Rs 1,053.76 crore in the June quarter on the back of higher revenues
The company's revenue from operations rose 251% to Rs 853 crore in Q1FY23
CLOSING BELL: Among sectors, the Nifty IT index slipped 0.9 per cent, while the Nifty Metal index advanced 1.6 per cent
So far in August, the stock has gained 16 per cent, after the company reported healthy growth in topline performance, backed by volume gains despite a market slow down due to inflationary conditions.
The company not experiencing a slowing down in public and private capex spending; however, concerned about global headwinds impacting demand which could result in a slowdown in Capex spending.
It has also zoomed 70 per cent in the past six months, as compared to 0.12 per cent decline in the benchmark index
The company reported 28.4 per cent growth in Q1FY23 consolidated net at Rs 191.47 crore, and total income rose by 41.2 per cent YoY to Rs 1,100.33 crore on a YoY basis.
The performance for the quarter was largely led by improved soda ash realisations across all geographies, which led strong top line growth for the quarter, said ICICI Securities.
Stocks to watch today: Coal India and Tata Consumer Products will report their June quarter results (Q1FY23) on Wednesday, August 10; NTPC plans to fundraise Rs 12,000 crore through NCDs.
Its ability to maintain margins will depend on the raw material cost basket
Total expenses in Q1FY23 stood at Rs 4,067.53 crore as against Rs 5,261.14 crore in the year-ago period
Of the total 12, three lenders -- SBI, PNB and Bank of India -- reported fall in their profits ranging from 7%-70%
Adani Group's entry in sector creates competition but doesn't change sector's plans radically, he says