Asset quality deteriorated further in the quarter ended June 2017, with gross non-performing assets (NPA) risnig 69 basis points sequentially to 4.27 percent and net NPA up 32 bps to 2.85 percent.
The Bengaluru-based company posted a net profit of Rs 81 crore in the first quarter, against Rs 167 crore a year ago.
"Total income stood at Rs 4,857 crore for the quarter ended June 2017 as against Rs 3,663 crore in the same quarter a year ago," Reliance Capital said in a statement.
It expects FY18 revenue to grow between 10.5 percent and 12.5 percent in constant currency terms. The company expects the second half to be more robust than the first half
Cigarette EBIT jumped 9 percent to Rs 3,274.14 crore from Rs 3,004.58 crore with margin expansion of 80 basis points and revenue grew by 6.6 percent to Rs 8,774.18 crore from Rs 8,230.80 crore.
"Our cost of funds has declined. Net interest margin also improved. This has led to a 25 per cent increase in our profit," chief financial officer Arul Selvan said.
On an operating level, the EBITDA gained 94.2 percent at Rs 8,823 crore against Rs 4,542 crore in the March quarter
The total income for the firm was reported at Rs 8,181.7 crore, lower than the previous quarter’s figures of Rs 8,194.5 crore.
Gross non-performing assets increased to 7.99 percent from 7.89 percent but net NPA declined to 4.86 percent from 4.89 percent QoQ.
On a year-on-year basis, Glenmark’s net profit rose to 333 crore for the quarter compared to the previous year’s Rs 227 crore. Revenues rose 20 percent to Rs 2363 crore.
Chairman and founder of Bandhan Bank, Chandra Sekhar Ghosh said that credit growth during the first quarter witnessed 35 per cent growth at Rs 21,389 crore year-on-year and deposits saw 51 per cent growth at Rs 22,439 crore.
Total income stood at Rs 1,777 crore during the quarter under review, up 25.05 per cent as against total income of Rs 1,421 crore in the same quarter last fiscal, the company said in a BSE filing.
Drug maker Dr Reddy's Laboratories on Thursday said its net profit dropped 57 percent in the quarter ended June on account o falling sales in US and India.
Gross non-performing assets (NPA) rose 114 basis points sequentially to 4.13 percent and net NPA increased 56 basis points to 1.70 percent in Q1.
Profit in June quarter grew by 4.4 percent to Rs 1,556.4 crore and revenue increased 16.4 percent to Rs 19,777.4 crore compared with year-ago quarter.
Total income grew by 4.80 per cent to Rs 2,389.57 crore during the quarter under review as against Rs 2,279.93 crore in the year-ago period, Exide Industries said in a BSE filing.
ITC will post Q1 earnings later today, cigarette volumes are expected to decline 2 percent. In an interview to CNBC-TV18, Sanjay Manyal, Research Analyst at ICICI Direct shared his views on the stock.
Revenue during the quarter grew by 0.8 percent to Rs 12,149 crore and dollar revenue rose by 3.7 percent to USD 1,884.2 million on sequential basis.
Its total income declined almost 40 per cent to Rs 713.94 crore for the quarter under review, as against Rs 1,183.12 crore in the April-June 2016 quarter, HCL Infosystems said in a statement.
The company had posted a net profit of Rs 200.3 crore in the same period a year ago, Mphasis said in a statement.
The company had posted a net loss of Rs 7.56 crore in the same period last fiscal, Orient Cement Ltd said in a BSE filing. Revenue from operations during the period under review was at Rs 656.73 crore as against Rs 505.21 crore in the year-ago period, up 30 per cent.
The company had reported a consolidated net profit of Rs 42.81 crore for the April-June quarter of last fiscal. Its total income during the first quarter of current fiscal stood at Rs 653.03 crore, up 12.84 per cent as against Rs 578.68 crore reported in corresponding period a year ago, PVR said in a regulatory filing.
Yes Bank reported better than expected earnings for the quarter ended June 30 mostly on all the key parameters and the asset quality has also shown considerable improvement on a quarter-on-quarter basis (QoQ).
The net interest margins came in at 4 percent a tad lower than 4.31 percent year on year.