IndusInd profit down 39% on microfin woes – The Times of India
MUMBAI: IndusInd Bank reported a 39% drop in net profit to Rs 1,402 crore in the Dec quarter, down from Rs 2,301 crore a year ago. The decline was driven…
Kotak, RBL feel pain of microfinance defaults – The Times of India
MUMBAI: Private banks continue to feel the pain of defaults in the microfinance segment. Kotak Bank and RBL Bank which declared their earnings on Saturday, both reported higher defaults in…
Wipro reports 24.4% increase in Q3 profit, announces Rs 6 dividend and new capital allocation policy – The Times of India
NEW DELHI: Wipro's consolidated net profit for the December quarter stood at Rs 3,354 crore, up by 24.4 per cent from the corresponding quarter of the previous year. The IT…
Aditya Ultra Steel to set up 5 MW solar plant; posts Rs 5.87 crore profit for April-September – Times of India
NEW DELHI: Rolled steel products manufacturer Aditya Ultra Steel Ltd has reported a net profit of Rs 5.87 crore for April-September period of 2024-25 and also announced setting up a…
Loss-making companies pay royalty too: Sebi – Times of India
MUMBAI: Some listed Indian companies make royalty payments, mostly to promoters, at the cost of shareholders, a study by markets regulator Sebi showed. The study found that one out of…
Tata Steel back in black, net at Rs 759cr – Times of India
NEW DELHI: Tata Steel on Wednesday reported a net profit of Rs 759 crore for Sept 2024 quarter, helped by lower expenses. It had posted a net loss of Rs…
ICICI Bank registers 14.5 per cent profit at Rs 11,746 crore for Q2 results – Times of India
NEW DELHI: The bank announced its profits for the second quarter of the current financial year, reporting a standalone growth of 14.5 per cent, reaching Rs 11,746 crore. In the…
Piramal Enterprises Q2 profit triples to Rs 163 crore; flags precarious credit environment risks – Times of India
MUMBAI: Non-bank lender Piramal Enterprises on Wednesday said its September quarter net profit tripled to Rs 163 crore on a low base, but flagged risks from the "precarious" credit environment.…
TVS Motor Co Q2 net profit rises 41 per cent to Rs 588.13 crore – Times of India
Chennai-based TVS Motor Company on Wednesday reported a 41.4 per cent rise in consolidated net profit at Rs 588.13 crore in the second quarter ended September 30, 2024 riding on…
ICICI Prudential Life’s Q2 profit rises to Rs 252 crore – Times of India
ICICI Prudential Life Insurance Company reported a 3 per cent rise in its net profit for the September quarter, reaching Rs 252 crore, compared to Rs 244 crore in the…