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HDFC Bank Q2 profit up 27% to ₹6,345 crore

HDFC Bank Q2 profit up 27% to ₹6,345 crore

Sun, Oct 20, 2019

HDFC Bank posted a 27 per cent rise in consolidated net profit at Rs 6,638.03 crore for the quarter ended September 30, 2019.

IndusInd Bank Q2 YoY net profit up by 52% to Rs 1401 crore

IndusInd Bank Q2 YoY net profit up by 52% to Rs 1401 crore

Thu, Oct 10, 2019

Private lender IndusInd Bank Ltd on Thursday announced a 50% jump in its September-quarter net profit from a year ago due to higher net interest and other income. Net Profit for the quarter is Rs. 1,401 crores as against Rs. 920 crores in the corresponding quarter of the previous year, showing a growth of 52%.

ITC Q4 profit grows 19% to ₹3,482 crore

ITC Q4 profit grows 19% to ₹3,482 crore

Mon, May 13, 2019

FMCG major ITC today reported a 18.72% growth in net profit for the March quarter. The net profit increased to ₹3,482 crore as compared to ₹2932 crore in the same quarter of the previous year.

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Q2 Review: Here's what analysts expect from ICICI Bank

Q2 Review: Here's what analysts expect from ICICI Bank

Mon, Nov 07, 2016

While Kotak Institutional Equities in one of its reports said, “Performance of ICICI Bank will be keenly watched as analyst expects slippage ratio to further decline from 1QFY16 levels as key portfolios have already taken a fair bit of pain.”

PNB sees 12% decline in net profit; provisions up by 35%

PNB sees 12% decline in net profit; provisions up by 35%

Sat, Nov 05, 2016

While provisions and contingency stood at Rs 2533.76 crore, witnessing rise of 34.62% yoy but decline of 7.47% qoq. Gross non-performing assets (GNPA) stood at 13.63%, expanding by 727 basis point yoy but contracting by 12 basis points qoq.

United Breweries' net profit declines by 48% to Rs 27 crore

United Breweries' net profit declines by 48% to Rs 27 crore

Sat, Nov 05, 2016

This Q2, UB Group's volumes were down by nearly 5%, while that of UBL volumes remained flat. Overall in half year, UBL volumes rose by just 3% as against an industry that remained flat, displaying in a marginal gain in market share.

ANZ Bank profit slides on restructuring costs

ANZ Bank profit slides on restructuring costs

Thu, Nov 03, 2016

ANZ Bank posted a 24% drop in annual net profits on Thursday on the back of restructuring costs as it aims to become "more agile" with less emphasis on Asia. The Australia and New Zealand Banking Group's result for the year to September 30 came in at Aus$5.7 billion ($4.3 billion).

October Heat: Festive sales fail to cheer Bajaj Auto

October Heat: Festive sales fail to cheer Bajaj Auto

Wed, Nov 02, 2016

Moreover, festive demand too does not seem to ring sales registers for the company. It expects single-digit growth in the festive season sales for the industry.

Tech Mahindra's Q2 net falls 18%

Tech Mahindra's Q2 net falls 18%

Thu, Oct 27, 2016

While CP Gurnani, Managing Director & CEO of Tech Mahindra said,"Overall it was a very good quarter for us with the growth well-supported by our key communications and enterprises businesses. We had some marquee wins which align very well with our strategy of catering to the connected world."

Maruti Suzuki net profit rises by 60% to Rs 2398 crore

Maruti Suzuki net profit rises by 60% to Rs 2398 crore

Thu, Oct 27, 2016

Maruti Suzuki second quarter performance of this fiscal beats estimates by reporting net profit of Rs 2398 crore, a growth of 60.2% from Rs 1497 crore in the corresponding period of the previous year.

India Inc's sales growth slows to 0.1%

India Inc's sales growth slows to 0.1%

Thu, Oct 27, 2016

RBI said, "Expenditure, at the aggregate level, continued to contract, though at a lower rate as compared with the previous quarter. This resulted in a slowdown in operating profit at the aggregate level."

Idea's net profit slumps 88% due to fierce competition

Idea's net profit slumps 88% due to fierce competition

Mon, Oct 24, 2016

Idea Cellular in its Q2 results reported an 88% decline in its net profit as fierce competition in the telecom industry saw it offering cheaper voice and data plans. The company's net profit declined to Rs 91.4 crore in Q2 FY17 from Rs 762.2 crore in the same quarter last year.

HCL Technologies' Q2 consolidated net profit up nearly 16%; stock up 3.17%

HCL Technologies' Q2 consolidated net profit up nearly 16%; stock up 3.17%

Fri, Oct 21, 2016

HCL Technologies on Friday posted nearly 16% rise in its consolidated net profit for the second quarter (Q2) ended on September 30, 2016.

LIC Housing Finance's net profit rises by 20% to Rs 495 crore

LIC Housing Finance's net profit rises by 20% to Rs 495 crore

Thu, Oct 20, 2016

LIC Housing Finance's Q2 performance beat estimates as the company reported net profit of Rs 494.76 crore for September 30, 2016, witnessing rise of 20.16% year-on-year (yoy) and quarter-on-quarter (qoq).

Mastek shares soar 14% on robust Q2 net profit

Mastek shares soar 14% on robust Q2 net profit

Tue, Oct 18, 2016

Abhishek Singh, Group CFO, Mastek said,"The financial performance was in line with our expectations. The margin improvement initiatives started in prior quarters have started to yield result. While we expect topline to be under pressure due to adverse movement in GBP, we expect the profitability momentum to continue in H2 FY17."

Zensar Technologies tumble 4% as net profit declines

Zensar Technologies tumble 4% as net profit declines

Tue, Oct 18, 2016

In quarter ended September 30, 2016, the company reported net profit of Rs 74.54 crore, a decline of 22.81% from Rs 96.57 crore a year ago same period.

Ultratech Cement net profit rises by 25% to Rs 614.30 crore

Ultratech Cement net profit rises by 25% to Rs 614.30 crore

Mon, Oct 17, 2016

Ultratech Cement reported consolidated net profit of Rs 614.30 crore for second quarter September 30, 2016 (Q2FY17), a rise of 25.26% year-on-year (yoy) but a decline of 21.25% quarter-on-quarter (qoq).

IndusInd Bank Q2 net profit at Rs 704 crore; contingencies up 35%

IndusInd Bank Q2 net profit at Rs 704 crore; contingencies up 35%

Wed, Oct 12, 2016

IndusInd Bank’s net profit for the second quarter ended September 30, 2016 (Q2FY17) stood at Rs 704.26 crore, registering growth of 25.75% year-on-year (yoy) basis and 6.48% quarter-on-quarter (qoq).

Festive demand, Pay Commission to boost auto sector's second quarter numbers

Festive demand, Pay Commission to boost auto sector's second quarter numbers

Tue, Oct 11, 2016

Hitesh Goel and Nishit Jalan analyst of Kotak Institutional Equities said, “We expect a strong quarter for automobile companies in our coverage universe led by strong demand as manufacturers push inventory ahead of the festive season.”

This is how India Inc's second quarter performance may shape up

This is how India Inc's second quarter performance may shape up

Mon, Oct 10, 2016

Prasad Koparkar, Senior Director, CRISIL Research said," The second quarter, we expect sectors focused on urban and rural consumption such as automobiles and retail, along with pharmaceuticals and IT services, to record double-digit revenue growth.”

South Indian Bank's Q2 net profit at Rs111 crore, provisions rise

South Indian Bank's Q2 net profit at Rs111 crore, provisions rise

Fri, Oct 07, 2016

South Indian Bank reported net profit of Rs 110.52 crore for the second quarter ended September 30, 2016 (Q2FY17), registering growth of 18.35% year-on-year and 16.26% on a quarter-on-quarter basis.

Goa Carbon back in black; shares soar 15%

Goa Carbon back in black; shares soar 15%

Thu, Oct 06, 2016

Manufacturer of Calcined Petroleum Coke Goa Carbon on Wednesday, reported a net profit of Rs 4.62 crore in second quarter ended September 30, 2016 as against a net loss of Rs 2.96 crore in the similar period of the previous year.

Rcom's net profit declines by 6% on migration of CDMA customers to 4G LTE

Rcom's net profit declines by 6% on migration of CDMA customers to 4G LTE

Wed, Sep 14, 2016

June quarter result was impacted by migration of CDMA (code division multiple access) customers to 4G LTE, said the company.

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