New Delhi, May 3 (PTI) JSW Energy on Tuesday posted an over eight-fold jump in consolidated net profit to an all-time high of Rs 864 crore in the quarter ended March, mainly on the back of higher revenues. The company had posted a consolidated net profit of Rs 107 crore in the year-ago period, it [...]
Mumbai, May 3 (PTI) Affordable housing finance companies' (AHFCs) loan book is likely to expand by 17-20 per cent in the current financial year, supported by the government's higher focus on housing and a favourable tax regime, says a report. As on December 31, 2021, the total loan book of AHFCs stood at Rs 66,221 [...]
New Delhi, May 3 (PTI) Eris Lifesciences Ltd on Tuesday reported a 17 per cent increase in consolidated net profit at Rs 79.97 crore for the fourth quarter ended March 2022. The company had posted a consolidated net profit of Rs 68.24 crore in the same quarter a year ago, Eris Lifesciences said in a [...]
New Delhi, May 3 (PTI) Godrej Properties on Tuesday reported a consolidated net profit of Rs 260.47 crore for the quarter ended March 2022 on higher income. The company had posted a net loss of Rs 191.57 crore in the year-ago period. Total income increased to Rs 1,522.57 crore during January-March quarter of the last [...]
New Delhi, Delhi, India (NewsVoir) • After achieving new peaks in FY’22, Sonalika Tractors has carried forward the strong momentum and initiated its FY’23 journey with a sturdy performance. • The company has registered its highest ever April month overall sales of 12,328 tractors, powered by best ever April’s domestic performance of whopping 43.5% growth [...]
Mumbai, May 2 (PTI) Tax devolution by the central government is likely to exceed the budget estimate by at least Rs 1.1 lakh crore in FY23, leading to compression in the gross borrowing by states to Rs 8.4 lakh crore, a report said on Monday. However, the borrowing cost for the states has went up [...]
Mahindra & Mahindra Financial Services (Mahindra Finance) on Monday reported an over two-fold increase in consolidated net profit at Rs 629 crore for the quarter ended March 2022 as a drop in bad loans helped in credit cost reversal. The company's net profit stood at Rs 219 crore in the same quarter a year ago. [...]
IDBI Bank on Monday reported a 35 per cent jump in profit after tax at Rs 691 crore for the quarter ended March on the back of lower provisioning, improvement in asset quality and better recoveries. The lender had posted a profit after tax (PAT) of Rs 512 crore in the year-ago period. For the [...]
New Delhi, May 2 (PTI) Shares of Tata Chemicals on Monday jumped nearly 10 per cent after the company reported a multi-fold rise in consolidated profit after tax for the quarter ended March. The stock rallied 9.89 per cent to settle at Rs 1,033.75 apiece on the BSE. During the day, it zoomed 11.37 per [...]
Mumbai, May 2 (PTI) Housing finance major HDFC on Monday reported a 16 per cent growth in standalone net profit to Rs 3,700 crore for the January-March quarter, helped by record loan sales on the back of benign interest rates and the resultant fall in cost of funds along with the near-total repayments that culled [...]
