The company says it seeks a loan growth of 15 per cent this fiscal and it has managed to reduce its NPA.
Triveni Turbine on Friday posted about 42 per cent rise in its consolidated net profit at Rs 33.02 crore in the March 2022 quarter.
Digital gaming and sports platform Nazara Technologies on Friday posted an about 17 per cent increase in consolidated profit to Rs 4.9 crore for the quarter ended March 2022.
State-owned Bank of Baroda Friday reported a standalone profit after tax of Rs 1,779 crore in the quarter ended March 2022, helped by higher interest income and fall in bad loans.
Farm machinery and construction equipment major Escorts Ltd on Friday reported a 28.42% decline in consolidated net profit at Rs 189.98 crore in the fourth quarter ended March, impacted by lower sales
Reliance Infrastructure on Friday reported a loss of Rs 449.13 crore in the March 2022 quarter. The company had reported a consolidated net profit of Rs 1,611.02 crore in the corresponding quarter of FY21, a BSE filing said. The total income in the quarter under review declined to Rs 4,467.61 crore from Rs 7,860.81 crore in the year-ago period. In FY22, the company reported its consolidated net loss at Rs 938.39 crore, while it had posted a consolidated net profit of Rs 1,125.25 crore in the preceding fiscal. Total income in the fiscal also came down to Rs 19,132.55 crore from Rs 20,914.89 crore in 2020-21. It said that in FY22, Delhi Metro Rail Corporation paid Rs 1,766 crore to Delhi Airport Metro Express Ltd against arbitration award, which was used for debt reduction. Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as power, roads and metro rail in t
Company had 'stellar performance' in international markets with more than 100% growth, says managing director
Revenue up 24.5% YoY at Rs 12,116 crore; In dollar terms revenue for the quarter was up 5.4% at constant currency at $1.6 billion
Reliance Power on Friday reported a consolidated loss of Rs 555.18 crore for the March quarter, mainly due to higher expenses. The company had clocked a consolidated net profit of Rs 72.56 crore in the quarter ended March 31, 2021, as per a BSE filing. Total income in the quarter rose to Rs 1,878.40 crore from Rs 1,691.19 crore in same period a year ago. However, total expenses also rose to Rs 2,525.02 crore from Rs 1,647.69 crore in the year-ago quarter. For the full fiscal 2021-22, the company posted a consolidated net loss of Rs 605.91 crore. It had logged a consolidated net profit of Rs 228.63 crore in 2020-21. Total income in the fiscal came down to Rs 7,686.73 crore from Rs 8,388.60 crore in 2020-21. In a statement, the company said it has reduced its debt by Rs 2,537 crore in the fiscal. The debt-to-equity ratio has improved further from 2.08:1 in FY21 to 1.84:1 in FY22. Reliance Power Limited, part of the Reliance Group, is a leading private sector power generation and c
State-owned UCO Bank on Friday posted an over three-fold jump in net profit at Rs 312.18 crore for the quarter ended March 2022 as a fall in bad loans lowered the provisioning requirement. The lender had posted a net profit of Rs 80 crore in the corresponding quarter a year ago. Total income during the fourth quarter of 2021-22 was, however, down at Rs 4,362 crore, as against Rs 4,637 crore in the year-ago period, UCO Bank said in a regulatory filing. For the full fiscal FY22, the bank's net profit grew more than five times to Rs 930 crore from Rs 167 crore in FY21. Total income during the year was at Rs 18,082 crore, up from Rs 17,870 crore in the preceding fiscal. The lender brought down its bad assets portion significantly as the gross non-performing assets (NPAs) came in at 7.89 per cent by end of March 2022, as against 9.59 per cent by end of March 2021. Value-wise, the gross NPAs fell to Rs 10,237 crore from Rs 11,352 crore. Similarly, the net NPAs were down at 2.70 per ce
CLOSING BELL: SBI was the biggest laggard on the index, down nearly 5 per cent, as the lender's Q4 missed Street's estimates
In Q4, AUM grew 16.5 per cent year-on-year and 8.9 per cent quarter-on-quarter at Rs 16,579 crore.
However, despite of today's rally the stock has underperformed the market by declining 28 per cent in the past one month as against a 8 per cent fall in the Sensex.
SBI Q4 result: The numbers missed Street estimates, which was expecting the net profit to rise in the range of 63-72 per cent YoY to come in between Rs 10,493 crore and Rs 11,056.7 crore
SBI Q4 Preview: The increase in net profit would be aided by up to 19 per cent YoY/5 per cent QoQ growth in net interest income (NII) at Rs 32,100 crore
The board has recommended a buyback of equity shares not exceeding Rs 75 crore at an indicative maximum buyback price not exceeding Rs 1,150 per equity share.
Stocks to Watch Today: Bandhan Bank, BoB, Eicher Motors, Escorts, REC, SBI, Tech Mahindra and UCO Bank are likely to be in focus ahead of Q4 results; Delhivery and Venus Pipes IPOs close on Friday.
The company's housing finance subsidiary proposes to raise growth capital
L&T admitted that volatility in the price of crude oil and other commodities owing to geopolitical uncertainties was pushing up input prices
On a standalone basis, the automaker reported a net profit of Rs 413.35 crore in the period under review against a net profit of Rs 1,645.68 crore in the fourth quarter of 2020-21