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Kotak Mahindra Bank (KMB), on a standalone basis, reported 24% growth in Net Profit to Rs 1595.90 crore in the quarter ended December 2019 (Q3FY2020) over the corresponding quarter of last year. The bank has posted jump in net interest margin (NIM) and treasury income supporting the performance of the company. NIMs of the bank have improved to 4.69% in...
on account of 10.6% decline in order-to-cash (O2C) business revenues, with lower product price realization and 6.6% fall in Brent crude price. This was partially offset by continuing growth momentum in consumer businesses. Digital Services and Retail business recorded an increase of 36.2% and 27.4% respectively, in revenue during the quarter compared to the corresponding quarter of the previous year. Exports (including deemed exports) from RIL's India operations were lower by 13.7% at Rs 53,804 crore as against Rs 62,378 crore in the...
Tata Consultancy Services (TCS) profit rose 0.2% year-on-year to Rs 8,118 crore in the December quarter in line with estimates and a shade better than the Rs 8,042 crore reported in the second quarter. Tata Consultancy Services (TCS) for the quarter ended Dec 2019 reported a consolidated revenue of Rs 39854 crore, a steady growth of 2% compared to sequential previous quarter ended Sep 2019 revenue of Rs 38977 crore. Early single digit growth is driven largely by all verticals barring the core BFSI, which roughly accounts for about 40% of the reported revenue....
HDFC Bank has recorded accelerated 33% jump in net profit to Rs 7416.48 crore in the quarter ended December 2019 (Q3 FY2020), driven by strong growth in non-interest income and continuous decline in cost-to-income ratio. The lower effective tax rate also boosted the bottomline of the bank in Q3FY2020. The bank has accelerated business growth crossing the...
IndusInd Bank has posted net profit to Rs 1300.20 crore for the quarter ended December 2019 (Q3FY2020), which has been impacted to higher credit cost and elevated fresh slippages of loans. The figures for Q3FY2020 and 9MFY2020 include the figures of Bharat Financial Inclusion on account of completion of merger. Stable asset quality: Bank has maintained stable asset quality in Q3FY2020. However, the...
services segment to Rs 7274 crore. Similarly the retail and communication too have grown by compared to 24.9% in sequential previous quarter, the operating profit was up by modest 3%qoq to Rs 5801 crore. Other income leaped by 32%qoq to Rs 827 crore powered largely by interest on income tax refund of Rs 242 crore (against nil for Quarter ended Sep 2019). Thus the growth at PBIDT was 6%qoq to Rs 6628 crore. The interest was flat at Rs 42 crore and depreciation was up by 1%qoq to Rs 737 crore. Thus the PBT was up by 6% to Rs 5849 crore. The taxation was down by 5%qoq to 1383 crore and thus the PAT was up by 11%qoq to Rs 4466 crore. With minority interest stand lower at Rs 9 crore, a fall of 50%qoq, the net profit (after MI)...
Adani Ports' PAT jumps 72% backed by one time tax gain, profit beats estimates The profit after tax (PAT) jumped 72.44% to Rs 1059.20 crore in quarter ending September 2019 as against the corresponding quarter of the previous year. PAT was supported by one time tax gain of Rs 319 crore in Q2 2019 over Q2 2018. Revenue from operations rose 8.17% to Rs 2821.16 crore in Q2 2019 from Rs 2608.01 crore in Q2 2018. The company continues to handle record cargo. In H1 FY20 cargo throughput was 109 MMT a year on year growth of 9%. Ports across all the three regions registered strong growth. Dhamra the eastern port of APSEZ registered a growth of 46%, Kattupalli the southern port registered a...
over Q2 September 2018. Profit was driven by superior performance of the company's subsidiaries, UltraTech Cement and Aditya Birla Capital. On standalone basis, the company reported a net profit of Rs 526.49 crore in Q2 2019 as against a net loss of Rs 1,186.66 crore in Q2 2018. Revenue from operations declined 6.3% to Rs 4,797.44 crore in Q2 September 2019...
Net Loss (before exceptional items) for Q2'20 at Rs 1,123 crore Net Loss (after exceptional items) for Q2'20 at Rs 23,043 crore Total Capex spend for the quarter of Rs 3,790 Cr The consolidated revenues for Q2'20 at Rs 21,131 crore grew 6.9% Y-o-Y (reported increase of 4.9%) on an underlying basis. Consolidated mobile data traffic at 4,661 PBs in the quarter has...
Sequentially, revenues of the firm have risen by 12.91% from Rs 2700.35 crore in Q1 June 2019. The company's total expenditure rose by 6.64% to Rs 2617.64 crore in Q2 FY20 from Rs 2454.58 crore in Q2 FY19. Total cost of raw materials consumed, which represented nearly 60% of the total expenses of the firm, increased by 8.43% to Rs 1559.95 crore in Q2 September...
Q2 FY20, NTPC Ltd.'s quarterly profit beat analysts' estimates on the back of higher other income even as coal supplies fell due to the extended monsoon The Country's largest power generator- NTPC Ltd. with a group installed capacity of 57106 MW, declared the financial results for the second quarter and half-year ended 30 September 2019. For Q2 FY20, the Total Income was Rs. 24459.70 crore as against Rs. 23347.95 crore in Q2 FY19, registering an increase of 4.76. PBT was Rs. 3,497.72 crore, as against Rs. 2,634.68 crore in the corresponding quarter of previous year, registering an increase of 32.76%. For Q2 FY20, PAT was Rs. 3408.92 crore, as against Rs. 2,477.28 crore in the corresponding quarter of...
to 17.7%. Thus, Operating Profit (OP) dropped 16% to Rs 3,611.16 crore. Performance for quarter ended September 2019 Coal India (CIL) total income from operation dropped 7% to Rs 20,382.63 crore for the second quarter ended September 2019, due to softer sales volume as prolonged rains disrupted...
Q1FY20, Profit met estimates even as crude oil prices fell. ONGC is the largest oil and gas exploration and production company in India in terms of production and reserves of oil and gas for the 2019 fiscal year. ONGC reported 36.21% fall in consolidated net profit to Rs 5,275.51 crore on 11.19% fall in total income to Rs 103,237.18 crore in Q2 September 2019 over in Q2 September 2018. The company's total crude oil production stood at 5.842 MMT in Q2 September 2019, down by 3.9% from 6.078 MMT in Q2 September 2018. ONGC's total gas production fell 1.6% to 6.265 BCM while the value added...
Finance cost for Q2 September 2019 was at Rs 1,340 crore, lower by 9% y-o-y, primarily due to reduction in gross borrowings, while on a sequential basis the finance cost remained flat. Exceptional item primarily is a charge of Rs 504 crore, relating to impairment at Avanstrate Inc, partially offset by accrual of interest against pending claims at TSPL based on Supreme Court order giving a net charge of Rs 422 crore. Section 115BAA of the Income-tax Act, 1961 has been introduced by the Taxation Laws...
2019 compared to corresponding previous year period. This included subsidy from the government of Rs 56.58 crore down 77% on a y-o-y basis. Excluding compensation from the government sales of the company fell 11% to Rs 64232.92 crore....
"Tax Expense" (including revaluation of deferred tax assets & liabilit ies) has been computed at the lower tax rates introduced by t he Taxation Laws (Amendment) Ordinance, 2019 dated 20 September 2019. The impact of this change, including that for the previous quarter, has been recognised in the current quarter. Accordingly, the tax...
Eicher Motors Ltd.'s profit beats estimates on lower tax and higher other income On consolidated basis, the company's net profit rose 1.19% on YoY basis backed by corporate tax rate cut during the current quarter. The company reported profit after tax at Rs 573 crores in Q2 September 2019 as compared to Rs 549 crores in Q2 September 2018. Eicher Motors's total revenue from operations fell 9% amid slowdown in auto segment. The...
Hindalco Industries Ltd.'s quarterly profit fell in-line with market' expectations from a decline in spot metal prices and lower sales volume due to prolonged rains. Hindalco consolidated net sales fell 9% to Rs 29657 crore in Q2FY'20 compared to corresponding previous year period. Operating margins of the company fell 30 bps to 12.2% leading to 10% decrease in operating profits to Rs 3631 crore. Other income rose 31% to Rs 287 crore. PBDIT decreased 8% to Rs 3918 crore. Interest cost fell 4% to Rs 922 crore in current quarters compared to Rs 962 core in the corresponding...
