SBI Q3 results: PAT down 35% at Rs 9,164 crore on one time exceptional item

SBI Q3 results: PAT down 35% at Rs 9,164 crore on one time exceptional item

Leading public sector lender State Bank of India (SBI) reported a standalone net profit of Rs 9,164 crore which was down by over 35% from 14,205.34 crore reported by the state lender in the year ago period. The bank earned Rs 105,733.78 crore in interest income in the reported quarter which was up 22% from … Read more

DMart Q3 results: Consol PAT up 17% YoY to Rs 691 crore, revenue sees similar growth

DMart Q3 results: Consol PAT up 17% YoY to Rs 691 crore, revenue sees similar growth

MUMBAI – Avenue Supermarts Ltd reported strong numbers for the quarter ended December, with the consolidated net profit rising 17% year-on-year (YoY) to Rs 690.61 crore. Consolidated revenue from operations at Rs 13,572.47 crore too, increased by more than 17% from the year-ago period. Earnings before interest, taxes, depreciation and amortization or EBITDA during the … Read more

ICICI Bank Q2 results: PAT soars 36% YoY to Rs 10,261 crore, NII grows 24%

ICICI Bank Q2 results: PAT soars 36% YoY to Rs 10,261 crore, NII grows 24%

MUMBAI – ICICI Bank Ltd on Saturday reported a 36% year-on-year (YoY) growth in net profit for the quarter ended September to Rs 10,261 crore. Net interest income increased 24% on year to Rs 18,308 crore. Total income for the quarter increased 31% on year to Rs 40,697 crore. Provisions in the quarter dropped sharply … Read more

IDBI Bank Q2 results: PAT soars 60% YoY to Rs 1,323.3 crore, NII up 12%

IDBI Bank Q2 results: PAT soars 60% YoY to Rs 1,323.3 crore, NII up 12%

MUMBAI – IDBI Bank Ltd on Saturday reported a 60% year-on-year (YoY) rise in net profit for the quarter ended September to Rs 1,323.27 crore. Total income from operations increased by over 14% on year to Rs 6,924.18 crore. Net interest income, the difference between interest earned and interest expended, rose 12% on year to … Read more

YES Bank Q2 Results: PAT rises 47.4% YoY to Rs 225 crore

YES Bank Q2 Results: PAT rises 47.4% YoY to Rs 225 crore

MUMBAI – YES Bank Ltd on Saturday reported a 47.4% year-on-year (YoY) growth in net profit for the quarter ended September to Rs 225 crore. Total income from operations increased by 25% on year to Rs 7,921 crore. Net interest income, the difference between interest earned and interest expended, declined 3.3% on year to Rs … Read more

HUL shares fall 2% on mixed Q2 earnings, target cuts by brokerages

HUL shares fall 2% on mixed Q2 earnings, target cuts by brokerages

Shares of Hindustan Unilever (HUL) fell over 2% to the day’s low Rs 2,493.85 on the NSE after domestic brokerages Kotak Institutional Equities and Nuvama cut their targets on the FMCG major following its September quarter earnings which were mixed. FMCG major Hindustan Unilever Ltd (HUL) has reported a 4% growth in its standalone net … Read more

Bank Of India Q1 Results: PAT skyrockets 176% YoY to Rs 1,551 crore

Bank Of India Q1 Results: PAT skyrockets 176% YoY to Rs 1,551 crore

State-owned Bank of India on Friday reported a 176% jump in net profit for the June quarter at Rs 1,551 crore as compared with Rs 561 crore in the year ago period, backed by both core and non-core business growth, and a fall in bad loan provisions. The bank’s net interest margin for the quarter … Read more

Asset quality not to be an issue, NPAs to go down further: Rajneesh Karnatak, Bank of India

Asset quality not to be an issue, NPAs to go down further: Rajneesh Karnatak, Bank of India

“As far as our net profits are concerned, we had a net profit of Rs 4023 crores to be exact. This is for the first time in the history of Bank of India, the annualised profit has touched Rs 4023 crores as against the backdrop of Rs 3405 crores as on March 2022,” says Rajneesh … Read more

Midcaps with long term perspective; 4 stocks with high ROE & net profit margin

Midcaps with long term perspective; 4 stocks with high ROE & net profit margin

In addition to these scores, the report also contains trend analysis, peer analysis and mean analysts’ recommendations to help an investor make better & informed investment decisions. Synopsis A high return on equity is a result of two factors. First, the basic nature of the business, there are some businesses which require a constant dose … Read more