State Bank of India on Saturday reported the highest-ever quarterly profit at Rs 13,265 crore, up 74 per cent year-on-year, for the September quarter of FY23, buoyed by robust loan sales, higher interest income and lower provisions. The country's largest lender said its total income increased to Rs 88,734 crore during the quarter under review [...]
EKI Energy Services on Friday posted a 17.7 per cent increase in its standalone net profit to Rs 95.2 crore in the September quarter, mainly on the back of higher revenues. The standalone net profit of the company was Rs 81.2 crore in the same quarter preceding fiscal, a company statement said. Total income (standalone) [...]
The shares of Infosys Limited were trading 1 per cent lower and closed at Rs 1,516 on Friday. The stock, like its peers in IT companies, has been on a downtrend for the last few months. Recently SBI Mutual Fund bought an additional stake in the company. During the July to September 2022 quarter, they [...]
Air compressors manufacturer Elgi Equipments reported a standalone profit after tax (PAT) of Rs 72.7 crore for the second quarter that ended on September 30 this financial year, a company release said here on Friday. The standalone PAT for the same quarter in the previous fiscal was Rs 56.9 crore, it said. Consolidated sales for [...]
Disinvestment-bound Shipping Corporation of India Ltd (SCI) on Friday reported a 48.81 per cent decline in its consolidated net profit to Rs 124 crore for the second quarter ended September 30, 2022. The shipping company had reported a net profit of Rs 243 crore in the corresponding quarter of the previous fiscal, it said in [...]
TVS Motor Company on Friday said its consolidated net profit increased by 59 per cent to Rs 373 crore for the second quarter ended September 2022, riding on the back of strong sales across markets. The company had reported a net profit of Rs 234 crore in the July-September period of previous fiscal. Revenue from [...]
Triveni Turbine, a mid-cap company that manufactures and supplies power-generating equipment and solutions has announced a ₹ 190 crore buyback. Buybacks are tax-efficient ways to return money to shareholders. Companies buy their own shares to improve their ratios or if they believe that the markets have discounted their shares deeply. The company’s board in a [...]
The President of India holds a stake in various companies. As per the data available for the September quarter (Q2FY23), the President publicly holds 73 stocks and has a net worth of over ₹ 20,14,334 Crores. The filings of a few companies for the latest quarter are awaited A few companies in which the President [...]
TVS Credit, the financial services arm of the TVS group, has reported an all-time high quarterly net profit of Rs 96.24 crore in three months to September 2022, on strong consumer demand. The company had reported a net profit of Rs 26.41 crore in the year-ago period. Total income during the July-September period of 2022-23 [...]
Southern Petrochemical Industries Corporation Ltd (SPIC) Ltd has reported a profit after tax for the quarter ending September 30, 2022 at Rs 108.88 crore, the company said on Friday. The city-based company had reported PAT at Rs 53.64 crore during corresponding quarter previous year. For the year ending March 31, 2022 the profit after tax [...]
