The net NPA ratio was at 1.18 per cent as on December 31, lower than 1.26 per cent a quarter ago and 1.85 per cent a year ago
DCM Shriram Ltd, which is into chemicals, sugar, bioseed and fertiliser businesses, on Friday reported a marginal decline in its December quarter consolidated net profit to Rs 342.09 crore. Its net profit stood at Rs 349.57 crore in the year-ago period. Total income rose 21 per cent to Rs 3,417.06 crore during October-December quarter of this fiscal from Rs 2,815.95 crore in the corresponding period of the previous year. During the April-December period of 2022-23 financial year, the net profit rose to Rs 724.17 crore from Rs 664.94 crore a year ago. Total income rose to Rs 9,324.75 crore in the first nine months of the current fiscal from Rs 7,039.67 crore in the corresponding period of the previous year. Ajay Shriram, Chairman & Senior Managing Director, said the company has reported another consistent quarter of robust performance with positive/stable outlook across all the businesses. "The operating environment is very challenging globally. Russia-Ukraine conflict does not ..
On a sequential basis, the net profit was up by 2.65 per cent, from Rs 4,518 crore in September 2022
It is expected to support its rich valuations
Net interest income (NII) grew by 14% YoY to Rs 1,148 crore while the net interest margin (NIM) was 4.74% during the period under review
Higher provisions for stressed loans also pushed its credit cost up to 6.4% in the quarter from 3.7% a year earlier
State-owned lender's loan book grows 20.09% YoY to Rs 8.04 trn, asset quality improves
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ICICI Bank Q3: Consensus estimate by Bloomberg pegs ICICI Bank's net profit growth at 33 per cent year-on-year (YoY)/9 per cent quarter-on-quarter (QoQ) at Rs 8,242 crore
The company said that it de-risked its operating profile with declining client concentration, while attrition fell 15.8% from 16.3% Y/Y
Indiamart Intermesh Ltd, a B2B e-commerce company, on Thursday reported a 60.68 per cent rise in its consolidated net profit to Rs 112.8 crore for the third quarter ended December 31, 2022
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Analysts say impact depends on commodity and energy prices
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Of the total provision, Rs 127 crore are for the restructured book and Rs 98 crore are for contingency provisions and Rs 41 crore are floating provision
Commenting on results, HZL CEO Arun Misra said that the company delivered the best-ever nine months of refined metal mark on the back of the highest mined metal
The company had reported a consolidated net loss of Rs 428.78 crore in the year-ago period, according to a regulatory filing
The paint major's net sales increased by 1.3 per cent to Rs 8,636.7 crore
The company had posted a net profit of Rs 2,300 crore in the October-December quarter of the previous fiscal
The company said it is on track to open a total of 100-110 new screens by the end of this fiscal year