The company's revenues stood at Rs 378 crore in April- June quarter of the ongoing fiscal, registering a growth of 23 per cent from the year-ago period.
Net interest income increased 20.4 percent to Rs 9,370.4 crore from Rs 7,781.44 crore on YoY.
"Despite a 13 per cent fall in sales to Rs 1,782 crore from Rs 2,041 crore due to regulatory challenges, the bottom line was boosted by a 32 per cent savings translating into Rs 70 crore on interest cost driven by favourable rates and mix of debt.
Auto components maker Amtek Auto Ltd on Saturday reported widening of standalone loss to Rs 889.58 crore for the first quarter ended June 30, hit by exceptional inventory losses.
Lower interest burden helped Avenue Supermarts, that runs the D-Mart chain of supermarkets, to report a healthy 47.6 per cent jump in net profit for the June quarter at Rs 174.77 crore.
Avenue Supermarts, which runs the D-Mart supermarkets chain, on Saturday posted a 47.6 per cent jump in its net profit at Rs 174.77 crore for the quarter ended June 30.
Vijaya Bank on Sunday reported 57.5 per cent increase in net profit at Rs 254.69 crore for June quarter owing to healthy growth in retail income aided by a marginal fall in bad loan proportion.
Tata Sponge Iron, an associate firm of Tata Steel, on Friday said its profit rose over three-fold to Rs 30.5 crore for the quarter ended June 30 on jump in operational income.
Disbursements grew by 32.5 percent to Rs 8,237 crore and asset under management increased 22.5 percent to Rs 88,236 crore YoY.
Asset quality improved during the quarter as gross non-performing assets declined to 7.21 percent from 7.47 percent and net NPAs declined to 4.05 percent from 7.39 percent.
Operating profit was at Rs 306 crore and margin at 7.2 percent, which also missed expectations of Rs 364 crore and 9 percent, respectively.
This is against a net profit of Rs 74.1 crore in the year-ago period, Zensar said in a statement.
Rallis India on Thursday posted 74 per cent fall in consolidated net profit to Rs 45.25 crore in the first quarter of 2017-18.
IT firm Nucleus Software on Thursday reported a 7.4 per cent decline in consolidated net profit at Rs 11.51 crore for the first quarter ended June 30, 2017.
Reliance Jio launched rights issue of optionally convertible preference shares to raise up to Rs 20,000 crore.
The company reported revenue of Rs 13,025.6 crore against a CNBC-TV18 poll of analysts who pegged this figure to be Rs 12,828 crore.
NPAs rise to 0.81 percent from 0.64 percent in previous quarter, while provisions almost double on YoY basis.
The company's revenues increased by 5.7 per cent to Rs 708.9 crore in the said quarter from Rs 670.7 crore in the April-June period last year.
The company, which publishes Dainik Bhaskar newspaper, had posted a net profit of Rs 103.95 crore during the same quarter of previous fiscal, DB Corp informed BSE.
Revenue during the quarter fell 12 percent to Rs 648 crore compared with Rs 737 crore in corresponding quarter of last fiscal.
The company had posted a net profit of Rs 126.50 crore in the year-ago period.
Gross Written Premium of the company rose by 41 per cent to Rs 1,278 crore at the end of the quarter, Reliance General Insurance said in a statement.
The lender made provisions worth Rs 204 crore for the quarter, compared with Rs 267 crore in March quarter and Rs 179 crore in the year-ago period.
Orders grew 13 percent in the second quarter and 20 percent in H1 of 2017 reflecting ABB India’s organic growth strategy.