Tiger Logistics Ltd. (Tiger or the Company) reported healthy set of numbers for 4Q FY17. During the quarter, net sales increased by 18% to Rs 892 mn (Rs 788 mn 4Q FY16). In 4Q FY17, EBITDA grew by 59% to Rs 51 mn (Rs 32 mn 4Q FY16) while the EBITDA margin stood at 5.7%. Profit before tax (PBT) increased substantially by 63% to Rs 47.6 mn...
ICICI Bank's profit increased nearly 3 fold y-o-y to Rs 20.2 bn (Rs 7.0 bn) mainly on back of strong NII growth and retail fee growth. Bank reported higher slippages than expected mainly due to one of 1 cement company account (Rs 53.8 bn) as per RBI guidelines. During the quarter, bank's Net Interest Income (NII) increased by 10.3% y-o-y and 11.2% q-o-q to Rs 59.6 bn. The NII growth was mainly attributed to loan growth of 6.6% to Rs 4,642.3 bn. The retail loan portfolio of the bank increased by 18.5%, which now...
