Price stability, better sales of flagship and premium products in trade segment improve margins
Firm prunes net debt by 40% since March 2020; consolidated income up 13%
From NIIF foraying into road and highway sector to HDFC Q2 profit declining, Business Standard brings you top news of the evening
Farm equipment and engineering major Escorts on Monday reported over two-fold jump in consolidated net profit at Rs 227.22 crore for the second quarter ended September 30
Mortgage lender HDFC Ltd on Monday said its consolidated net profit declined by 57.5 per cent to Rs 4,600 crore in the July-September quarter of 2020-21
The numbers beat profit estimate, cheering investors. The stock soared to day's high of Rs 2,043 apiece on the BSE, up 6.2 per cent, as against 0.65 per cent rise in the benchmark S&P BSE Sensex
Major stocks are preparing for next leg of breakouts.
Absence of significant profit on investments, and low dividend income of Rs 320 crore YoY could optically make HDFC's pre-provisioning profit look modest, analysts say
It's the first time since 4G launch by Reliance; churn at all-time low of 1.7%
During the September quarter, the Sensex and the Nifty indices rallied nearly 10 per cent, while the broader markets rallied even more
The bank on Saturday reported its earnings for the July-September quarter of the current fiscal year
The bank's NII grew 16 per cent to Rs 9,366 crore in Q2FY21 from Rs 8,057 crore
The bank had posted a net profit of Rs 655 crore during the same period of the previous fiscal year.
Disruptions following the pandemic impacted its top line too
GRM at $8.62 a barrel during the quarter versus $1.28 a year ago. However, total income drops 13%
The non-banking financial company had posted a net profit of Rs 67.97 crore in the same quarter a year ago
ADIA, PIF to invest Rs 7,558 cr for 51 per cent stake in Jio's fibre network
Its net profit stood at Rs 202 crore in the year-ago period
The company had registered a net profit of Rs 76.94 crore in the same quarter a year ago
The company had posted a net profit of Rs 64 crore in the corresponding period of the previous fiscal