State-owned Punjab National Bank (PNB) on Thursday reported a 70 per cent decline in standalone net profit to Rs 308.44 crore in the three months ended June. The bank had posted a net profit of Rs 1,023.46 crore in the year-ago period. In the March quarter, the same stood at Rs 201.57 crore. Total income [...]
Electric mobility company Olectra Greentech on Thursday posted a multi-fold jump year-on-year in its net profit to Rs 18.8 crore for the June quarter, mainly on the back of higher revenues. Olectra had reported a net profit of Rs 2 crore in the quarter ended June 30, 2021, the company said in a statement. Its [...]
Mahindra & Mahindra Financial Services on Thursday reported a consolidated net profit of Rs 240 crore for June quarter aided by fall in expenses and higher income from business operations. The company had posted a net loss of Rs 1,573.40 crore in April-June 2021-22. The loss in the year-ago period was due to the impact [...]
Benchmark indices rallied on Thursday with the Sensex and Nifty climbing nearly 2 per cent, helped by heavy buying in Bajaj Finance shares amid a mixed trend in the global equity markets. The 30-share BSE benchmark jumped 1,041.47 points or 1.87 per cent to settle at 56,857.79. During the day, it rallied 1,097.9 points or [...]
Jubilant FoodWorks, operator of fast-food chains Domino's Pizza and Dunkin' Donuts, on Thursday reported a 63.01 per cent increase in its consolidated net profit at Rs 112.58 crore in the April-June quarter. The company had posted a consolidated net profit of Rs 69.06 crore in the same quarter of the previous fiscal, Jubilant FoodWorks Ltd [...]
Bajaj Finserv on Thursday reported a 57 per cent jump in net profit at Rs 1,309 crore in the first quarter ended June 30, on healthy earnings by its subsidiary companies. In the year-ago period, the company had posted a net profit of Rs 833 crore. Company's consolidated total income during April-June period of 2022-23 [...]
FMCG major Nestle India Ltd on Thursday reported a decline of 4.31 per cent in its net profit at Rs 515.34 crore for the second quarter ended June 30, 2022. The company, which follows the January-December financial year, had posted a net profit of Rs 538.58 crore in the corresponding period a year ago, Nestle [...]
Beer maker United Breweries Ltd on Wednesday reported a five-fold jump in its consolidated net profit to Rs 162.50 crore in the June quarter, mainly on the back of volume growth. The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 30.94 crore in the year-ago period, according [...]
Non-bank lender Shriram City Union Finance on Wednesday reported a 63 per cent rise in its June quarter net profit to Rs 345.35 crore. The company had reported a total comprehensive income of Rs 211.68 crore on a consolidated basis in the year-ago period. On a standalone basis, the total comprehensive income rose to Rs [...]
Home textiles major Welspun India Ltd on Wednesday reported a decline of 90.41 per cent in its consolidated net profit to Rs 21.36 crore for the June 2022 quarter, mainly on account of high input costs. The company had posted a consolidated net profit of Rs 222.90 crore in the April-June quarter a year ago, [...]
