Its profit before tax (PBT) rose 21 per cent year-on-year (YoY) to Rs 1,017.67 crore.
Net profit for reporting quarter up 34% to Rs 817.48 cr; firm's stock closed flat at Rs 276.7 a share on BSE
However, price correction could lead to growth moderation in the near term
Company's ability to remain as a going concern will depend on the outcome of the CIRP, auditors said
Oil India Ltd on Saturday reported a net loss of Rs 249 crore in the first quarter of current fiscal year as compared to a net profit of Rs 625 crore in Q1 FY20
State-owned Union Bank of India on Friday reported a consolidated net profit of Rs 340.95 crore for the first quarter ended June 2020
Total income rose to Rs 24,292.80 crore during the June quarter of 2020-21, as against Rs 15,161.74 crore in the same period of the previous fiscal
Lender said it is in a position to come out of Prompt Corrective Action since NPAs have come down drastically and the bank has started reporting profit
Down-trading and Covid impact on rural demand are downside risks
For the quarter ended June 2020, Muthoot Finance posted a 53.46 per cent YoY rise in its consolidated net profit at Rs 853.51 crore.
The bank said it has made healthy Covid provisions
Zee Entertainment Enterprise Ltd has reported a consolidated net profit of Rs 29.28 crore for the first quarter ended on June, 2020
The severity of contraction in economic activities due to Covid-19 is declining, but sustainable recovery is far away still. A K Bhattacharya explains the problems and positives for the Indian economy
Analysts at ICICI Securities expect the company to outperform the underlying market due to rising revenues per vehicle, new order wins and focus on being a solutions provider
Air conditioning firm gains market share in room ACs, improves margins
Revenue fell 43 per cent to Rs 4951.9 crore in the first quarter of the current 2020-21 fiscal
Total revenue during the quarter came in at Rs 4,951.95 crore, down 43 per cent YoY.
The company's revenue from operations slipped 2.57 per cent YoY to Rs 26,194.76 crore during the quarter under review.
It had posted a net profit of Rs 176.41 crore in the corresponding quarter of the previous fiscal.
While aggregate net income of 47 NSE Nifty 50 Index members slumped 40% in Q1 from a year ago, nearly two thirds of these companies met or exceeded estimates