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ICICI Bank shares rose 2% on strong third quarter earnings
28 Jan

ICICI Bank shares rose 2% on strong third quarter earnings

editorBusiness, News
New Delhi, Jan 27 (PTI) ICICI Bank shares rose over 2 per cent in early trade on Monday after the private sector bank reported a 15 per cent rise in standalone net profit to Rs 11,792 crore for the quarter ended December, driven by a rise in core income. The company's shares rose 2.09 per cent to Rs 1,234.50 on the National Stock Exchange (NSE). On the BSE, it rose 2.03 per cent to Rs 1,234 per share. Markets were trading in the negative zone. In early trade, the 30-share BSE Sensex fell 694.95 points, or 0.91 per cent, to…
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Indian Oil Q3 Earnings Preview | Dramatic increase in profit expected after weak Q2
27 Jan

Indian Oil Q3 Earnings Preview | Dramatic increase in profit expected after weak Q2

editorBusiness, News
Indian Oil Corporation (IOC) Ltd will announce its third quarter earnings for the financial year 2024-25 on January 27. Analysts expect a sharp jump in profits, mainly due to the weak performance in the previous quarter (Q2 FY25). What to expect Profit jump: IOC is expected to report a profit of ₹6,140 crore, a significant rise from just ₹180 crore in Q2 FY25. Revenue growth: Revenue is estimated to grow 11% to ₹1.92 lakh crore compared to ₹1.74 lakh crore in the previous quarter. EBITDA improvement: Earnings before interest, tax, depreciation and amortization (EBITDA) is estimated to increase from ₹3,772…
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ICICI Bank Q3 results preview: Net profit may rise 10%, asset quality likely to remain stable
25 Jan

ICICI Bank Q3 results preview: Net profit may rise 10%, asset quality likely to remain stable

editorBusiness, News
ICICI Bank is set to announce its financial results for the October-December quarter (Q3FY25) on Saturday, January 25. Analysts expect the bank to report a healthy rise in profit on the back of strong loan growth and stable asset quality. According to a CNBC-TV18 poll, ICICI Bank's profit after tax (PAT) is expected to rise 10.3% to reach ₹11,332.7 crore compared to ₹10,271.6 crore in the same period last year. Meanwhile, the bank's net interest income (NII) is estimated to reach ₹20,461.4 crore from ₹18,678.6 crore in Q3FY24. The bank's asset quality is likely to remain stable. Brokerage firm Motilal…
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Indus Towers shares surge on rose in Q3 earnings, Citi expects 32% surge
24 Jan

Indus Towers shares surge on rose in Q3 earnings, Citi expects 32% surge

editorBusiness, News
Shares of telecom company Indus Towers rose two percent in the morning session on January 24 after the company reported better-than-expected earnings for the quarter ended December (Q3) of the current financial year (FY25). Indus Towers reported a consolidated net profit of Rs 4,003 crore for the quarter, registering a growth of 159.9 percent from Rs 1,541 crore in the corresponding quarter of the previous fiscal, led by significant collection of dues from Vodafone Idea and strong tower additions. The company saw its revenue from operations grow by 4.8 per cent to Rs 7,547 crore from Rs 7,199 crore in…
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Ujjivan Small Finance Bank Q3 results: Rise in provisions leads to 64% drop in profit
23 Jan

Ujjivan Small Finance Bank Q3 results: Rise in provisions leads to 64% drop in profit

editorBusiness, News
Ujjivan Small Finance Bank Ltd reported a 64% year-on-year drop in its profit during the three months ended December to Rs 109 crore due to a rise in provisions. Sequentially, the bank's profit declined 53%.The bank's provisions and contingencies rose to Rs 223 crore, up sharply from Rs 63 crore a year ago. A marginal rise in net interest income also capped the small finance bank's net interest income at Rs 887 crore, up 3% year-on-year. As a result, net interest margin fell to 8.6% in the October-December period from 9.2% a quarter ago and 8.8% a year ago. The…
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HDFC Bank Q3 results: Profit may rise up to 3%, NII 6-8%; know what to watch out for
22 Jan

HDFC Bank Q3 results: Profit may rise up to 3%, NII 6-8%; know what to watch out for

editorBusiness, News
HDFC Bank Q3 results: The largest private lender is likely to report a 0-3 percent rise in net profit for the December quarter, while net interest income (NII) will grow 6-8 percent. Provisions may rise sequentially, but decline on a year-on-year (YoY) basis. Net interest margin (NIM) may remain stable, banking analysts said, adding that management commentary on loan growth will be closely watched later today. Axis Securities expects HDFC Bank to report a 2.2 per cent year-on-year (YoY) rise in net profit at Rs 16,737 crore for the December quarter, as against Rs 16,373 crore in the same quarter…
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Zomato Q3 results: Net profit drops 57.2% to Rs 59 crore as against Rs 138 crore a year ago; shares fall
21 Jan

Zomato Q3 results: Net profit drops 57.2% to Rs 59 crore as against Rs 138 crore a year ago; shares fall

editorBusiness, News
Zomato Q3 results: Zomato on Monday reported a 57.24 per cent drop in its net profit to Rs 59 crore for the December 2024 quarter (Q3 FY25), according to a regulatory filing. Following this, its shares declined 7 per cent intra-day and closed at Rs 240.95 per share, down 3.14 per cent from the previous day.However, the food delivery platform's revenue grew 64 per cent to Rs 5,405 crore during October-December 2024 as against Rs 3,288 crore in the same period a year ago.Importantly, its quick commerce Blinkit, which had kept Zomato profitable in previous quarters, has reported an EBIT…
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Havells India shares jump despite marginal drop in third quarter net profit
20 Jan

Havells India shares jump despite marginal drop in third quarter net profit

editorBusiness, News
Havells India Ltd shares jumped on January 20 despite the company reporting a marginal drop in net profit in the December quarter. The home appliance maker's profit fell to Rs 283 crore from Rs 288 crore a year ago in the quarter ended December 31. Havells' revenue from operations rose nearly 11% to Rs 4,883 crore, while total expenses rose 12.3% to Rs 4,564 crore. Havells India shares were trading 1.5% higher at Rs 1,598 per share at 1:35 pm on January 20. This performance reflected strong demand from its switchgear project business, but it suffered inventory de-stocking in wires…
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Havells shares increase, company’s Q3 revenue rises 10% to Rs 4,889 crore
18 Jan

Havells shares increase, company’s Q3 revenue rises 10% to Rs 4,889 crore

editorBusiness, News
Havells India shares jumped 1.08% on January 17 after the company announced its Q3 results on January 16. The company's revenue from operations grew 10% to Rs 4,888.98 crore in Q3 FY25 as against Rs 4,413.86 crore in Q3 FY24. The shares opened 0.79% lower at Rs 1,544.95 and later recovered from the losses by hitting an intraday high of Rs 1,617.95 in the early morning hours of January 17. The stock later pared some gains and traded at Rs 1,574.15. Though the company reported a rise in revenue, its net profit declined to Rs 278 crore in Q3 FY25.…
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Infosys reports 11.4% rise in October-December quarter
17 Jan

Infosys reports 11.4% rise in October-December quarter

editorBusiness, News
The company's revenue grew 7.6 per cent to Rs 41,764 crore in the third quarter as against Rs 38,821 crore in the same quarter last year.India's second-largest IT services firm Infosys Ltd on Thursday reported an 11.4 per cent rise in net profit for the December quarter (Q3) of FY25 at Rs 6,806 crore as against Rs 6,106 crore in the same quarter last year.The company's revenue grew 7.6 per cent to Rs 41,764 crore in the third quarter as against Rs 38,821 crore in the same quarter last year.Infosys has raised its constant currency (CC) revenue growth guidance for…
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