Private lender Lakshmi Vilas Bank today reported a net loss of Rs 622.25 crore for the last quarter of 2017-18 due to multi-fold jump in provisioning for bad loans.
Engineering firm Kalpataru Power Transmission (KPTL) today reported a 17 per cent increase in standalone net profit for the March quarter at Rs 104.8 crore, mainly driven by higher execution.
The reinsurer which is a large player in the domestic market is expecting the order of preference regulations to be in their favour
Tata group's hospitality arm Indian Hotels Company (IHCL) today posted 70.42 percent rise in consolidated net profit at Rs 79.30 crore during the March quarter, due to improvement in EBITDA margins and optimisation measures.
PC Jeweller today posted a 7.47 percent jump in its standalone net profit at Rs 118.28 crore for the quarter ended March 2018.
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.
State-run BEML has today posted a flat standalone profit of Rs 187.6 crore for the quarter ended March 2018.
Kishore Biyani-led Future Enterprises' standalone net loss widened to Rs 46.73 crore for the quarter ended on March 31, 2018. The company had posted a net loss of Rs 39.34 crore in the corresponding quarter of the previous fiscal.
Zuari Agro Chemicals today posted a standalone net loss of Rs 15.01 crore for the fourth quarter of 2017-18 fiscal on poor sales.
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 profits improved due to lower provisions for bad loans
A Reuters poll of analyst estimates forecasts net profit to drop to Rs 947.4 crore.
United Breweries Ltd (UBL) today reported over 13-fold jump in its standalone net profit of Rs 90.88 crore for the fourth quarter ended March 2018 led by strong volume growth. The company had posted a net profit of Rs 6.73 crore in the January-March period a year-ago, UBL said in a regulatory filing.
Engines maker Cummins India today reported 1.74 percent increase in standalone profit after tax at Rs 161.22 crore for the fourth quarter ended March 2018.
GlaxoSmithKline Pharmaceuticals today reported 6.35 percent dip in standalone net profit to Rs 105.55 crore for the quarter ended March 31, 2018.
State-run MOIL today reported 10 percent rise in its standalone net profit to Rs 127.78 crore for the quarter ended March 31. The company had clocked Rs 115.80 crore net profit during the same quarter a year ago, MOIL said in a BSE filing.
Ramco Industries Ltd, a part of the diversified conglomerate Ramco Group, has recorded a 59.4 percent rise in the net profit of Rs 22.56 crore for the fourth quarter ending March 31, 2018.
Gujarat Industries Power Company Ltd (GIPCL) today reported a 16 percent decline in its standalone net profit to Rs 69.13 crore for the fourth quarter ended March 31.
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.