The reinsurer which is a large player in the domestic market is expecting the order of preference regulations to be in their favour
Provisions rose by 154% to Rs 6672.4 crore
The incurred claims ratio rose to 94.47 percent in Q4FY18 as against 69.97 percent a year ago.
The profit was boosted by a one-time tax benefit of Rs 259 crore in Q4 related to certain intangibles.
IT attrition at the end of March 31, 2018 was at 18 percent as against 17 percent (YoY)
Total revenues rose 26.77 percent to 3278.9 crore compared to Rs 2586.4 crore of last year.
Risk-weighted assets of the bank reduced by 18 percent to Rs 220,864 crore over March last year
The company board declared fourth interim dividend of Rs 35 per equity share for 2017-18.
Revenue from operations in Q4 increased 7.7 percent to Rs 6,162.4 crore from Rs 5,719.4 crore in corresponding period of last fiscal.
The profits improved due to lower provisions for bad loans
EBITDA (earnings before interest, tax, depreciation and amortisation) more than doubled to Rs 29.6 crore from Rs 14.4 crore and margin expanded 370 basis points to 18.7 percent YoY.
The company board has recommended the dividend of 80 paise per equity share of Rs 10 each for the year 2017-2018.
Karur Vysya Bank said its gross NPA divergence for the financial year 2016-17 stood at Rs 651 crore and net NPA divergence at Rs 202 crore while the provision divergence for the same year was also at Rs 202 crore.
A Reuters poll of analyst estimates forecasts net profit to drop to Rs 947.4 crore.
In value terms, gross NPAs and net NPAs had reached Rs 48,480 crore and Rs 19,852 crore by end of December 2017, respectively.
Global brokerages are positive on reduced risk from US LNG going forward. CLSA, in particular, sees it as a neat play on higher crude prices.
UBL's total expenses during the period stood at Rs 3,138.56 crore as against Rs 2,554.41 crore, up 22.86 percent.
The company board recommended a final dividend of 25 paise per share of face value of Re 1 each for the financial year 2017-18.
The company has targeted to achieve 45 percent growth in topline for the year 2018-19 from Rs 7,560 crore to Rs 11,000 crore.
City Union Bank said the board has approved bonus issue in the ratio of 1:10, i.e. one equity share for every 10 equity shares held as on record date.
On RBI’s diktat, banks had to make provisions of 40 percent (earlier 50 percent) toward such accounts. Any recovery will boost banks’ profitability
The company had posted a net profit of Rs 27.84 crore during the same period last fiscal.
The company had posted a net profit of Rs 95.23 crore in the January-March period a year-ago, Godrej Industries said in a BSE filing.
This is against a net profit of Rs 53.6 crore in the year-ago period, KPIT said in a BSE filing.
The company had posted a net profit of Rs 31.67 crore during the January-March period of previous fiscal, Eros International Media said in a regulatory filing.