Profit and Loss
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SBI's Net Profit Remains Steady at ₹17,035 Crore for April-June Quarter
The bank's total income for the quarter grew to ₹1,22,688 crore, compared to ₹1,08,039 crore in the April-June quarter of the prior year. Interest income also saw an increase, reaching ₹1,11,526 crore versus ₹95,975 crore in the corresponding period of the previous year.
BHEL Records 25% Drop in Q4 Net Profit, Stands at Rs 484 Crore
Even as challenges faced the company, the revenue from operations of BHEL inched up in the fourth quarter to Rs 8,260 crore from Rs 8,227 crore in the same period the previous year. Responding to this news, BHEL's share price increased by 2.7 percent on Tuesday to close at Rs 318.8 per share.
Chairman Announces SBI's Recruitment Drive for 12,000 Roles, Including IT Positions
The bank's employee base, which was 2,32,296 in FY24, had decreased from the 2,35,858 figure last fiscal. According to Khara, a large number of recruits are likely to be engineers, and almost 85% of the recruits at the associate and officer level would be engineers.
State Bank of India's Fourth Quarter Profit Surges by 18% to Reach Rs 21,384 Crore
Comparing to the same period in the previous financial year, where SBI's standalone net profit was Rs 9,113.53 crore, the current results mark a significant improvement. SBI disclosed in a regulatory filing that its interest income surged by 31% to Rs 92,951 crore during the March quarter of the 2022-23 fiscal year.
Samsung's Q1 Earnings Surge as Semiconductor Division Returns to Profitability
The world's largest maker of both smartphones and memory chips posted an operating profit of 6.6 trillion won ($4.8 billion) for the January-March period, nearly double from the same period last year.
ACC Limited, Part of Adani Group, Achieves Record Annual Profit of Rs 2,337 Crore in FY24
The operating EBITDA of ACC during Q4 grew massively by a whopping 79 percent and stood at Rs 837 crore as per the release. The key parameters driving this commendable performance, as informed by ACC Limited, include improved turnaround in volume, cost efficiencies, and improved operational parameters across the board.
Reliance Industries Hits Historic Rs 1 Lakh Crore Milestone in Pre-Tax Profits
In its latest financial disclosure to the stock exchange, the diversified conglomerate reported a consolidated net profit of Rs 18,951 crore, or Rs 28.01 per share, for the quarter ending March 2024. This is slightly down from Rs 19,299 crore, or Rs 28.52 per share, in the same period the previous year.
Forecast: India's AI Market Expected to Hit $17 Billion by 2027, Talent Demand Set to Surge, Says Nasscom
Key drivers of this growth include increasing enterprise technology spending, a burgeoning AI talent pool in India, and a significant rise in AI investments, as outlined in the report.
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