Corporate News
Axis Bank Reports 4% Increase in Q1 Net Profit, Reaching ₹6,035 Crore
While the asset quality showed a minor decline with the gross non-performing assets ratio rising to 1.54 per cent of total loans from 1.43 per cent in the previous quarter, the net NPA ratio rose to 0.34 per cent from 0.31 per cent.
Tesla’s Q2 Profit Falls by 45%, Musk to Unveil Robotaxi in October
The firm's overall sales went up 2 percent year on year to $25.5 billion. Cash from automotive sales dropped 7 percent to $19.9 billion, the electric vehicle manufacturer reported.
HDFC Bank Reports Significant 35% Increase in Q1 Net Profit, Reaches Rs 16,175 Crore
The consolidated profit for the bank in the said quarter stood at Rs 16,474.85 crore. Interest income increased by 50.3 per cent YoY to Rs 73,033.14 crore during the raid quarter, as against Rs 48,586.81 crore in Q1 23-24. The Net Interest Income was at Rs 29,837.1 crore for the said period.
Yes Bank Reports Robust 47% Increase in Q1 Net Profit, Reaching Rs 502 Crore
Yes Bank on the asset quality front, remained quite impressive during the first quarter of the fiscal. Gross non-performing assets came down to 1.7% of total loans as of June 30 from 2 per cent in the same period last year.
Wipro Reports 4.6% Rise in Net Profit, Adds 337 Employees in Q1 FY25
"We recorded another quarter of total large deal bookings over $1 billion, with our largest win in recent years," said Srini Pallia, CEO and Managing Director.
JSW Steel's Q1 Net Profit Drops Sharply to Rs 845 Crore, Declining by 64%
Consolidated crude steel production was 6.35 mt during the quarter, down by 1 per cent year-on-year and 6 per cent quarter-on-quarter. Capacity utilisation at Indian operations of JSW Steel was at 87 per cent. The company said steel realisations remained under pressure due to lower-priced imports, mainly from countries having Free Trade Agreements and more importantly from China.
Jio Platforms Reports 11.7% Rise in Q1 Net Profit to Rs 5,698 Cr, Driven by Subscriber Growth; ARPU Holds Steady
Gross revenue for the quarter thus came in at Rs 34,548 crore for Jio Platforms, up 12.8 per cent year-on-year, even as revenue from operations stood at Rs 29,449 crore, an identical growth rate. This revenue growth was driven by strong subscriber growth in both mobility and homes segments.
Paytm Reports Expanded Loss of ₹840 Crore for April-June Quarter
According to a Paytm spokesperson, "The widening of losses and decline in revenue were mainly due to disruptions caused as an outcome of restrictions on Paytm Payments Bank Ltd. by RBI." He further mentioned, "The decline in revenue and increase in losses are coming from the impact on PPBL products like Wallet. We had to suspend the Wallet and many other products.".
Infosys Reports Q1 Net Profit of Rs 6,386 Crore, Marks 7% Growth
Moreover, Infosys has revised the revenue growth outlook upwards by 3-4 per cent for the fiscal year 2024-25. It has retained the EBIT margin guidance at 20-22 per cent for the current financial year.
Bajaj Auto's Q1 Profit Surges 19.4% to Rs 1,988 Crore
Its domestic operations remained strong as the company logged in its ninth consecutive quarter of double-digit growth. Broad-based growth across motorcycles, commercial vehicles, and electric scooters, has set the tone for this growth, the company said in a press statement, pointing out the resilience and momentum of its domestic business.
Don't Miss
Advertisement