Its net profit rose around 350% from the Rs 20.78 crore loss the company suffered in the July-September quarter (Q2) of the current financial year (FY25)
The company is expected to post profit after seven quarters. The last time it posted a quarterly profit was in October-December 2020
Total contract value seen flat in Q3 FY23 at ~$2 billion vs $2.38 billion in the previous quarter. The company sees deal wins continuing in North America, slowing down from Europe
The Zurich-based bank announced plans to cut costs, lower staff counts and reduce risk. It also said it will revive the CS First Boston investment bank brand, once a stalwart of Wall Street, as it reported a 4-billion Swiss franc ($4.1 billion) loss in the third quarter.
Reliance Industries (RIL) today came out with its December quarter numbers. It surprised the street with its better than expected Q3 result. The company posted a net profit of Rs 5502 crore. In an interview to CNBC-TV18, Narendra Taneja, energy expert said that it was all a result of smart crude sourcing.