Mumbai, Apr 30 (PTI) Yes Bank on Saturday reported a net profit of Rs 367 crore for the March 2022 quarter, helped by a heavy reduction in provisions for bad debts, which the private sector lender had to set aside as it recognised legacy stress in the year-ago period.FY22 is the first full-year profit since [...]
New Delhi, Apr 30 (PTI) IDFC First Bank on Saturday posted over two-fold rise in net profit to Rs 343 crore in the March 2022 quarter on the back of strong core operating income and lower provisioning for bad loans.The private sector lender had reported a net profit of Rs 128 crore in the same [...]
New Delhi, Apr 30 (PTI) Delhi-NCR ranks ninth in Asia Pacific in terms of occupancy cost for prime office space at USD 60.1 per square feet per year, according to Knight Frank India. As per Knight Frank's Asia-Pacific Prime Office Rental Index for Q1 2022 that tracks 23 cities in the region, Hong Kong SAR [...]
Yes Bank on Saturday said it returned to full-year profitability in the fiscal ended March 2022, registering a profit of Rs 1,066 crore during the year. The private sector lender had posted a net loss of Rs 3,462 crore in the previous fiscal year ended March 2021 and a loss of Rs 22,715 crore in [...]
New Delhi, Apr 29 (PTI) IT company Wipro on Friday posted a 4 per cent increase in its consolidated profit to Rs 3,092.5 crore in the fourth quarter ended March 31, 2022, on account of continued demand for IT services. The company had registered a profit of Rs 2,974.1 crore in the same period a [...]
Mumbai, Apr 29 (PTI) IndusInd Bank on Friday reported a 51 per cent jump in consolidated net profit to Rs 1,401 crore in the March 2022 quarter, mainly due to lower provisioning.The private sector lender's post-tax profit was Rs 4,805 crore for fiscal 2021-22, up from the Rs 2,930 crore.The core net interest income rose [...]
New Delhi, Apr 29 (PTI) L&T Finance Holdings (LTFH) on Friday reported a 28 per cent rise in its consolidated net profit at Rs 342 crore for the quarter ended March. The company had posted a net profit of Rs 266 crore in the year-ago period. However, the total income declined to Rs 2,946.78 crore [...]
New Delhi, Apr 29 (PTI) British FMCG major Reckitt's revenue from developing markets increased 5.7 per cent, helped by higher growth in India and China, among other areas, in the first quarter this year.While its toilet cleaner Harpic continued to register "strong growth" in the Indian market, helping the brands to report a 'high-single-digit' rise [...]
Mumbai, Apr 29 (PTI) Tata Chemicals on Friday reported a multi-fold jump in consolidated profit after tax at Rs 470.24 crore for the quarter ended March. The company's profit after tax stood at Rs 29.26 crore in the year-ago period, According to a regulatory filing, the consolidated income from operations grew 32 per cent during [...]
New Delhi, Apr 29 (PTI) IndusInd Bank on Friday reported a 51 per cent increase in consolidated net profit at Rs 1,400.64 crore in the three months ended March. The private sector lender had posted a net profit of Rs 926.22 crore in the same quarter of the previous fiscal year. In the fourth quarter [...]
