IndiGo Q1 Results: Highest ever profit after tax of ?1,203 crore

NEW DELHI: InterGlobe Aviation Ltd, which operates the country’s largest airline by market share IndiGo, today reported a strong growth in net profit to ?1,203 crore on higher sales and improved margins, up from ?27 crore profit it had in the same quarter a year ago. A company statement said, quoting chief executive officer Ronojoy […]

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JSW Steel ramps up tinplate production, takes on Tata Steel

Mumbai: JSW Steel, India’s second largest private steel manufacturer, has redoubled efforts to boost tinplate manufacturing. The company said it has invested close to ?1,000 crore at its Tarapur unit in Maharashtra to roll out JSW Platina, premium tinplate, to tap the growing demand from the local packaging industry. The investment is part of the […]

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Dabur India Q1 net profit up by 10.3%

New Delhi: Fast moving consumer goods company Dabur India on Friday reported a 10.3% jump in consolidated net profit for the quarter ended June 30, 2019, at ?363 crore, as its operating margins improved during the same period, the company said in a filing to the stock exchange. Consolidated revenue for the maker of Vatika […]

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Bandhan Bank Q1 profit beats Street, rises 45.5%

Mumbai: Private sector lender Bandhan Bank on Friday reported a 45.55% year-on-year rise in net profit at ?701.14 crore for the quarter ended 30 June, on the back of higher net interest income and other income. It had posted a net profit of ?481.71 crore in the corresponding quarter last year. It was higher than […]

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RBL Bank Q1 net profit rises 40.5% to ?267 crore

Mumbai: RBL Bank Ltd on Friday said its first-quarter net profit rose 40.52% on the back of higher net interest income and other income. The bank posted a net profit of ?267.05 crore for the three months ended 30 June, against ?190.04 crore in the year-ago period. Profit was higher than ?262 crore estimated by […]

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Telecom, retail to negate weakness in RIL’s refining, petchem business in Q1

Mumbai: Reliance Industries Ltd (RIL) is likely to report a muted first-quarter performance as gains from its telecom and retail arms will be negated by its weak refining and petrochemicals business, according to analysts. RIL will report its first quarterly earnings on Friday. According to a Bloomberg poll of 11 brokers, RIL’s consolidated net sales […]

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Yes Bank drops 20% as bad loans mount, provisions surge

Mumbai: Shares of Yes Bank Ltd on Thursday slumped nearly 20% to hit over five year low as many brokerage firms has slashed its share price targets after the lender’s profit missed estimates, bad loans continued to mount and provisions soared. The stock in intraday touched a low of ?79.15 on NSE — a level […]

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Wipro’s struggle with growth will leave investors unimpressed

Mumbai: Wipro Ltd’s tribulations with growth continued in the June quarter with the company reporting a 1.3% fall in dollar revenues from the March quarter. In constant currency terms, revenues were up 5.9% from a year ago. This is in variance with the double digit revenue growth reported by peers TCS Ltd and Infosys Ltd. […]

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Tata pips LIC to become India’s most valuable brand in 2019

The brand “Tata” has become India’s most valuable brand for the second straight year in 2019, according to the Brand Finance India 100 2019 report. Tata’s brand value rose 37% to $19.6 billion as compared to $14.2 billion in 2018, surpassing the combined value of the second and third most valued brands in India. The […]

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Federal Bank Q1 result: Net profit rises 46% to ?384 crore

Mumbai: Private sector lender Federal Bank on Tuesday reported a net profit of ?384 crore in the June quarter of FY20, 46% higher than the same period last year, owing to higher other income and net interest income. While its other income grew 45% year-on-year (y-o-y) to ?392 crore, its net interest income – the […]

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