Diabytes
Net profit News
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In FY24, 12 PSBs collectively earned their highest-ever net profit of Rs 1.41 lakh crore, compared to Rs 1.05 lakh crore in FY23. During the first nine months of FY24 alone, these banks had already earned Rs 1.29 lakh crore in profit.
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The bank's Net Interest Income (NII) for Q1FY25 rose by 5.71 per cent YoY, reflecting improved interest earnings.
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The net NPA ratio of the lender declined to 1.24 per cent from 1 1.57 per cent in Q1FY24.
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Marico -- which owns popular brands like Saffola, Parachute, Livon etc -- said its total revenue in the March quarter inched up 5.62 per cent to Rs 2,308 crore.
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The Board of Directors declared an interim dividend for the year ended March 31, 2023, of Rs 44 per equity share of face value of Rs 2 each compared to a final dividend of Rs 30 per equity share in the previous year.
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For the full FY23, the net profit of Rs 11,350 crore was 7.1 per cent lower than the preceding fiscal, while revenue of Rs 90,487.6 crore was 14.4 per cent higher.
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Provisions for the quarter rose to 22.04 billion rupees from 14.93 billion rupees year ago.
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Country's largest private sector lender ICICI Bank on Tuesday reported manifold jump in standalone net profit to Rs 2,024.64 crore for the quarter ended March 31.
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In its net profit for the fourth quarter (Q4) of Fiscal 2016-17, Axis Bank on Wednesday reported a decline of 43.13 per cent.
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Private sector HDFC Bank Tuesday reported its lowest-ever quarterly profit growth at 15 percent at Rs 3,865.3 crore for the December quarter, pulled down by a margin compression following the note-ban and foreign currency deposit redemptions.
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Country's largest private sector lender ICICI Bank Monday reported 12.8 percent dip in consolidated net profit to Rs 2,979 crore for the September quarter as its provisioning for bad loans shot up by 7-fold.
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As it works towards becoming fully profitable ahead of its schedule under the 10-year turnaround plan, the carrier has brought down its debt to around Rs 46,000 crore at the end of March this year.
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Net profit for Nifty 50 companies is likely to grow by 6 percent during the second quarter of the current fiscal year-on-year, the highest level in eight quarters, says a report.
After reporting a massive 96 percent plunge in March quarter net profit on massive jump in bad loan provisions, Federal Bank Monday said most of the asset quality worries are behind it and it is keen to expand its loan book going forward.
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For the entire 2015-16, TCS saw net profit growing 22.4 percent to Rs 24,292 crore, while revenue was up 14.8 percent to Rs 1,08,646 crore.
Dr Reddy's Laboratories today posted a marginal increase in consolidated net profit at Rs 579.2 crore for the third quarter ended December 31, hit by weak sales in the emerging markets like Russia, CIS nations and Romania.
IT services major Cognizant Monday posted a 16.7 percent rise in net profit at USD 423.4 million for the December quarter from USD 362.9 million a year ago.
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Total income of the bank rose to Rs 12,531 crore, from Rs 10,929 crore in the year-ago period.
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Reliance Industries Tuesday reported its highest-ever quarterly net profit of Rs 7,290 crore for the three months ended December on refinery margins spiking to seven-year high.
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