Page 39 - Q2 Results

UCO Bank logs multifold jump in Q2 net profit at Rs 205 crore

UCO Bank on Thursday reported a multifold jump in net profit at Rs 205.39 crore for the second quarter ended September 2021 as bad loans fell. The Kolkata-headquartered public sector lender had registered a net profit of Rs 30.12 crore in the year-ago period. Total income in July-September 2021-22 rose to Rs 4,655.86 crore from Rs 4,327.13 crore in the year-ago period, the lender said in a regulatory filing. Reserve Bank of India (RBI) had recently removed UCO Bank from its prompt corrective action (PCA) framework following improvement in various parameters. The bank came under the purview of PCA restrictions in May 2017. "This is the best result in the last three years. This shows that the bank is on the growth path", UCO Bank MD and CEO A K Goel said. Operating profit of the lender during the second quarter of the current fiscal increased by 24 per cent to Rs 1,334 crore as compared to Rs 1,075 crore in the same period last year. The capital adequacy ratio at 14.31 per cent a

Bajaj Finserv posts 14% rise in net profit at Rs 1,122 crore in Q2

New loans booked during the quarter under review were 6.33 million (63.3 lakh) as against 4.63 million (46.3 lakh) in Q1 FY22

Westlife Development reports narrowing of Q2 net loss at Rs 4 cr

Westlife Development Ltd owns Hardcastle Restaurants, the master franchisee of McDonald's restaurants for West and South India

Blue Star net profit jumps two-fold to Rs 31.45 crore in September qtr

Air conditioning and commercial refrigeration firm Blue Star on Thursday reported over two-fold jump in consolidated net profit to Rs 31.45 crore for the second quarter ended September 30

Motilal Oswal logs best-ever quarterly net profit at Rs 536 crore

Motilal Oswal Financial Services on Thursday reported Rs 536 crore in consolidated net profit for the quarter to September, a full 81 per cent growth year-on-year and the highest ever quarterly profit

CarTrade posts consolidated net loss of Rs 35.35 cr in September qtr

Multi-channel automobile buying and selling platform CarTrade Tech Ltd on Thursday reported a consolidated net loss of Rs 35.35 crore for the second quarter ended September 30, 2021

AU Small Finance Bank Q2 net profit falls to Rs 279 crore

AU Small Finance Bank on Thursday reported 13 per cent decline in net profit at Rs 279 crore for September quarter 2021-22 due to rise in bad loans. The lender had posted a net profit of Rs 322 crore for the year-ago period. However, the bank said the net profit was up 42 per cent year-on-year after excluding the profit earned from stake sale in Aavas Financiers. There was a gain of Rs 144 crore due to stake sale in Aavas in second quarter of 2020-21 and overall gain was of Rs 172 crore in first half of that fiscal year. Total income rose to Rs 1,595.65 crore during the quarter under review as against Rs 1,473.45 crore in the same period of 2020-21, AU Small Finance Bank said in a regulatory filing. Net income rose 15 per cent to Rs 944 crore while net interest income grew 34 per cent to Rs 753 crore. The bank's other income also moved up by 64 per cent to Rs 191 crore. However, employee cost too went up by 46 per cent to Rs 327 crore during the quarter. Gross bad loans or ...

Indian Bank reports second quarter net profit at Rs 1,089.17 crore

Gross NPA (non-performing asset) was at 9.56 per cent of gross advances as on September 2021 brought down by 33 basis points year on year

Happiest Minds Technologies second quarter profit up 30% to Rs 44 cr

The IT company had posted a net profit of Rs 34.08 crore in the year-ago period

UCO Bank logs multi-fold jump in second quarter profit at Rs 205 cr

The bank improved on its bad assets significantly

Adani Green Energy Q2 profit jumps nearly six-fold to Rs 100 crore

Solar energy sales grew by 41 per cent

Sensex tanks 1,159pts on broad-based sell-off; Nifty ends below 17,900

Financials led by PSU banks, realty, metal and FMCG shares where the major losers in trade. All NSE sectoral indices ended with losses of more than a per cent

Sony ekes out 1% second quarter profit rise as PS5 costs squeeze margins

Sony said it has sold a cumulative 13.4 million units PS5 units since launch last November.

Charts flash bullish signal for ICICI Bank; more pain for HUL. Here's why

ICICI Bank is trading firmly in overbought condition, while Hindustan Unilever is still not showing signs of any reversal depsite trading in oversold territory

Larsen & Toubro gains 4% post Q2 results, strong order book position

The growth is mainly driven by higher profits in the IT&TS portfolio and improved margins from the projects & manufacturing portfolio.

IndusInd Bank surges 6% on steady operational performance in Q2

In Q2FY22, IndusInd Bank's net profit rose by 73 per cent at Rs 1,147 crore on back of steady increase in net interest incomes and fees.

Adani Enterprises profit drops 55% to Rs 195 crore in Sept quarter

Adani Enterprises Ltd (AEL) on Wednesday reported a 55.3 per cent decline in consolidated profit at Rs 194.54 crore for the quarter ended September, hit by higher expenses

ITC consolidated PAT up 10% to Rs 3,763 crore in September quarter

Revenues from operations were at Rs 14,844.38 crore, up by 12.90 per cent from Rs 13,147.81 crore in the same period last year.

Maruti Suzuki Q2 net profit skids 65% to Rs 475 cr as chip shortage hurts

MSIL Chairman R C Bhargava said at 80.4 per cent of net sales, material costs stood at an all-time high at the end of the September quarter

L&T Q2 results: Consolidated PAT falls 67% YoY to Rs 1,819 crore

Exceptional income in year-ago quarter pulled down profit