Mumbai: State Bank of India (SBI)’s profit fell 35% year on year due to provisions on wage and pension increases even as loan growth remained strong. Net profit fell to Rs 9164 crore in the quarter ended December 2023 from Rs 14,205 crore a year ago as the bank made a total of Rs 13,413 … Read more
Leading public sector lender State Bank of India (SBI) reported a standalone net profit of Rs 9,164 crore which was down by over 35% from 14,205.34 crore reported by the state lender in the year ago period. The bank earned Rs 105,733.78 crore in interest income in the reported quarter which was up 22% from … Read more
It will be an action packed day for Street on Thursday with the unveiling of Union Budget 2024 and 86 BSE listed companies announcing their December quarter earnings. Among the Nifty companies Adani Enterprises, Adani Ports & Special Economic Zone and Titan Company will be the ones that will be watched out for. Among other … Read more
MUMBAI – Avenue Supermarts Ltd reported strong numbers for the quarter ended December, with the consolidated net profit rising 17% year-on-year (YoY) to Rs 690.61 crore. Consolidated revenue from operations at Rs 13,572.47 crore too, increased by more than 17% from the year-ago period. Earnings before interest, taxes, depreciation and amortization or EBITDA during the … Read more
After fairly mixed results from IT majors Infosys and Tata Consultancy Services, Dalal Street investors’ attention will shift to HCLTech and Wipro, who will release their quarterly numbers later today. Brushing off the seasonality factor, HCLTech is expected to report strong earnings for the December quarter, while Wipro may continue to disappoint the market. If … Read more
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