HEG is scheduled to announce its March quarter results on Thursday, May 27, 2021
This came on the back of strong sales.
Shares of Punjab & Sind Bank on Monday jumped nearly 7 per cent as the company turned profitable in the fourth quarter of FY21 after eight consecutive quarters of losses. The stock rallied 6.60 per cent to Rs 21.80 on BSE. On NSE, it jumped 6 per cent to Rs 21.80. The state-run bank turned profitable in the fourth quarter of FY21 after eight consecutive quarters of losses, posting a profit after tax of Rs 161 crore on the back of improvement in recoveries and decline in bad loans. The lender had registered a net loss of Rs 236.3 crore in the year-ago period. However, for the full year, its loss widened to Rs 2,732.9 crore as against Rs 990.8 crore in FY20. "The profitability is due to our focussed monitoring and also on account of recoveries. Though it has been challenging times, we were able to make a reasonable amount of recoveries. "We were also able to arrest slippages to a great extent. This has helped in bringing down the credit costs, which enabled us to register profit,"
A breakout in SBI share may result in a rally towards Rs 450 levels
Total slippages and restructuring for FY21 were at Rs 46,416 crore, within the guidance of Rs 60,000 crore
Net revenue from operations stood at Rs 2,103 crore as against Rs 1,581 crore in the fourth quarter of 2019-20
Department store chain Shoppers Stop narrowed its consolidated net loss to Rs 24 crore in the January to March quarter (Q4 FY21) as compared to a net loss of Rs 127 crore in Q4 FY20.
Lender posts highest-ever full year net profit of over Rs 20,000 crore
Company's net debt/EBITDA ratio at pre-acquisition levels of Aleris
Sequential comparisons indicate economic activity did not pick up
Revenue from operations came in at Rs 26,934 crore for the quarter under review, an increase of over 50 per cent year-on-year
Revenue from operations came in at Rs 40,507 crore for the quarter under review, an increase of 38 per cent from Rs 29,318 crore in the same period last year
During the quarter under review, the Mumbai-based lender's provisions and contingency fund dropped 18.11 per cent year-on-year (YoY) to Rs 11,051 crore
Hindustan Petroleum's (HPCL) fourth-quarter profit rose to Rs 3,018 crore from Rs 27 crore a year earlier on big inventory gains
However, due to Covid-19 and power sector stress, consolidated income rose marginally by three per cent
Its total income during the quarter under review was Rs 1,984.39 crore against Rs 1,991.74 crore in the corresponding quarter
The company announced a dividend of Rs 115 per share for the financial year 2020-21
Emkay Global feels that SBI's slippages may remain moderate with limited non-performing assets (NPAs) in retail and no lumpy corporate barring Srei
Shares of JK Tyre and Industries on Thursday jumped over 6 per cent after the company reported a consolidated profit after tax of Rs 194.96 crore for the March quarter of the previous fiscal
For the entire financial year 2020-21 (FY21), Shakti Pumps posted a consolidated net profit of Rs 75.59 crore as against a net loss of Rs 14.08 crore in FY20