Power utility major NTPC on Saturday reported a 12 per cent rise in its standalone net profit for the first quarter (Q1) of 2017-18. According to the company, its profit after tax for the quarter increased to Rs 2,618.17 crore from Rs 2,338.61 crore during the corresponding period in 2016-17............
See full articleLarsen & Toubro (L&T) gained 4% to Rs 1,206 on BSE in early morning trade after the engineering giant reported a 46% year-on-year (Y-o-Y) jump in consolidated net profit at Rs 893 crore for the quarter ended June 2017 (Q1FY18). Consolidated revenues rose 10% to Rs 23,990 crore on Y-o-Y basis..............
See full articleBiocon Ltd, India’s largest biopharma firm, said its first quarter profits dropped 51 per cent to Rs 81 crore on account of lower sales of small molecules and branded formulations. Revenue dropped 4 per cent to Rs 988 crore in the quarter ended June, Biocon said..............
See full articleYES Bank reported a 32 per cent rise in net profit to Rs 966 crore ($150 million) in the quarter ended June 30, 2017, compared to Rs 732 in the year-ago period helped by higher interest and fee income.........
See full articleICICI Bank hit two-year high of Rs 315, up 1.6% on BSE in early morning trade, ahead of the release of its April-June (Q1FY18) results today. The stock is currently trading at its highest level since March 13, 2015 and nearly 14% away from its all-time high of Rs 358 touched on January 28, 2015 in intra-day trade..............
See full articleBenchmark indices ended higher after Reliance Industries rallied nearly 4% on the BSE. Earlier in the day, RIL chairman Mukesh Ambani, announced a 1:1 bonus issue at the company's 40th annual general meeting (AGM) in Mumbai. A day earlier, the company reported its highest quarterly consolidated net profit of Rs 9,108 crore in three-months to 30 June on the back of higher petrochemical margins and one-time gain from sale of African asset...........
See full articleBajaj AutoBSE -0.13 % will revamp its seven-model portfolio over the next half year, as managing director Rajiv Bajaj charts an aggressive plan to bump up the company's share in the local motorcycle market beyond the quarter mark. The company will gun for a 26% share in the fiscal year starting April 2018, Bajaj said at its annual general meeting.........
See full articleBajaj Finserv on Wednesday reported a rise of 24.4 per cent in consolidated net profit at Rs 1,015.71 crore in the first quarter of the current fiscal. Company's net profit in the corresponding quarter of 2016-17 stood at Rs 816.30 crore.........
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