Most analysts expect State Bank of India's Q3 profit after tax (PAT) to decline anywhere between 15 per cent and 58 per cent on a yearly basis during the quarter under review
While revenue growth is expected to stay strong, margins could come under pressure in the near term
Increased expenses, loss in comprehensive other income hit company's profits
Operating revenue down slightly, massive closure of outlets due to pandemic affected overall business
The bank had posted a net profit of Rs 90 crore in the October-December quarter of 2019-20
Robust addition in user base a key driver; highlight of the quarter was 13 million 4G customers added in Wireless business, say firm
Business Standard brings you top news of the evening
CLSA has raised its target price from Rs 2,850 on the back of strong beat on NII, improvement in net interest margin by 20 bps QoQ, and adequate provisioning of 1.4 per cent of AUM
The Nifty Pharma index edged up 3 per cent, followed by gains in the Nifty PSB index (up 2.3 per cent), and the Nifty Pruvate Bank index (up 2 per cent)
Operating profit for the October-December quarter jumped to 359.2 billion yen ($3.42 billion), from 300 billion yen in the same period a year ago
While a scrappage policy together with push on infrastructure by the Indian government should boost near term demand.
The telecom operator may return to profit while revenues may grow in mid-teens on a year-on-year basis, mainly on account of strong subscriber addition momentum, say analysts
Figure not comparable with Q3FY20, when it booked a fair value gain of over Rs 9,000 crore due to merger of Gruh Finance with Bandhan Bank
Renuka Ramnath-led Multiples Private Equity sold nearly 12 lakh shares of multiplex chain operator PVR worth Rs 179 crore through open market transactions
Revenue from operations up 23% to Rs 3,069 crore
Firm to expand product basket, prepares for entry into European market
Here are all the top economy and markets headlines of today
The Sensex index reclaimed the 50,000 level in intra-day deals and hit a high of 50,154
Its consolidated net profit, attributable to the owners, however, came in at Rs 5,176.76 crore for the quarter under review, clocking an improvement of 35 per cent on year
The stock of Tata group commercial vehicles (CVs) company was trading at its highest level since June 2018